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Topic Summary

Posted by: AGelbert
« on: November 14, 2018, 04:18:33 pm »

 

Posted by: AGelbert
« on: November 12, 2018, 05:15:22 pm »

Posted by: AGelbert
« on: November 09, 2018, 01:21:02 pm »

Agelbert NOTE: Before you read this truth filled article, you need to understand TWO irrefutable causal bits of reality that Charles Hugh Smith does not wish to discuss (probably BECAUSE he is a Libertarian/Capitalist  ;)).


ONE. The Fed knew EXACTLY what it was doing in gaming, with malice aforethought, the housing (and stock prices too, but the issue here is housing) price numbers UP while simultaneously gaming the CPI DOWN in regard to (MOSTLY) the housing cost component in the BLS cost of living calculations. Otherwise, the true ROT in the main street economy (caused DIRECTLY, do not pass go, do not collect $200, by the Parasitical Wall Street Fed bubbled up economy) would have been exposed.

Here is the evidence of the Grand Larceny CRIME the Chronies of the Parasitical Oligarchs = Fed Gang has been committing since Greenspan began the CPI low balling fun and games during the Reagan CROOKS and LIARS Administration:

Everybody is well aware that the BLS (Bureau of Labor Statistics) uses hedonics–like substituting hamburger for steak when the price of steak rises– to suppress CPI.

While not even including Internet Security in the CPI, the BLS underweights items like health care and education costs which are inflating far faster than the officials who make the rules for these indices want to see. So those items are suppressed.

The Fed’s favored PCE from the BEA uses even more suppression techniques,.

The BLS’s biggest suppression technique is to overweight the housing component of CPI, and then refuse to measure it accurately.

This 3 year old article applies even more today.

FAST FACTS, INFLATION- CPI AND PPI, POSTS BY LEE ADLER
by Lee Adler • August 19, 2015

SNIPPET:

This Chart Shows How Badly CPI Understates Inflation:

Quote
The BLS suppresses its inflation gauges first and foremost by excluding asset prices, where most monetary inflation has been expressed for the past 6 years. Conventional economics theory does not consider rising asset prices to be inflation. Economists call rising asset prices “appreciation” and then conveniently ignore asset inflation and the disastrous consequences of asset inflation. Instead, conventional economics focuses on the inflation of consumption goods, favoring measures that do not accurately measure even consumer price inflation. The CPI was never intended to measure inflation per se. It was intended to index government benefits and therefore is incentivized to keep the number as low as possible.


Link to the above, reality based, article. 🕵️ 🧐 👍


TWO. The root of the ROT is not "rentier cartels"; it is CAPITALISM. Capitalism, by definition (to amass Capital), is a system where more power is granted to those who will do whatever it takes, no matter how egregious, no matter how socially irresponsible or damaging to the health of workers AND/OR the environment, to amass pecuniary wealth. This power ALWAYS is used to corrupt the government attempting to regulate, on behalf of we-the-people, this unrestrained Profit over People and Planet Capitalist activity. The logical end of a system that rewards more and more concentration of wealth with more and more political power is OBVIOUSLY a few RENTIER CARTELS controlling EVERYTHING! The GOAL of the Capitalist is not just amassing wealth; the ultimate goal is TOTAL POLITICAL (not just pricing) POWER through MONOPOLY. Capitalism is fundamentally the enemy of Democracy, equal rights, equal opportunities, or a level economic competitive playing field.

Charles Hugh Smith does not want to go there. BUT, he makes good points.

IF the frontal attack on we-the-people on behalf of fascists everywhere had not been ushered in (MOSTLY during the Reagan Administration and continued, without ANY PAUSE, through Bush daddy, Clinton, Shrub, Obama and Trump), we would not be in such a dire economic and environmental situation today.

What do I mean by that? I mean the ACTUAL inflation published reality would have corrected all the FAKE "increases" in GDP and FORCED the Government, and any business that provided Cost of Living adjustments to wages, to PAY the middle class reality based wages to keep up with the galloping inflation (CAUSED BY printing electronic money to inflate house and stock prices while leaving we-the-people on the hook for the tab) the Fed was, and still is, engaging in.

Also, the "profits" of the S&P 500 would have NOT been anywhere near the financial statement happy talk BS that goosed the Stock market. In fact, the reality of the STAGNATION of actual inflation adjusted profits would have ushered in reality based price discovery. IOW, the market SHOULD HAVE stagnated or trended down.

The problems we face would have been clearly defined, giving people of good will the motive to back common sense government measures for the good of the biosphere in general and humanity in particular.

But, alas, that did not happen. The Oligarchs 'R' US 😈 👹 💵 🎩(i.e. Rentier Cartels represented by the Fed ) have fooled the majority of Americans with their FAKE PPI, FAKE CPI and FAKE S&P 500 bubblenomics.

The first step in soving a problem is defining it. Most Americans, thanks to the Fed Fascist Cheerleaders for the Capitalist Parasitic Profit over People and Planet 'business model', are incapable of even defining the problem. 

Charles Hugh Smith rightfully exposes the most salient symptoms of the PROBLEM, even if he refuses to recognize that the PROBLEM is the Profit over People and Planet CAPITALIST 'BUSINESS MODEL' , of which the Hydrocarbon Hellspawn Fossil Fuel 🦕🦖 Fascists are an INTEGRAL part.


 

Why Are So Few Americans Able To Get Ahead?

Fri, 11/09/2018 - 08:52

Authored by Charles Hugh Smith via OfTwoMinds blog,

Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%.

Despite the rah-rah about the "ownership society" and the best economy ever, the sobering reality is very few Americans are able to get ahead, i.e. build real financial security via meaningful, secure assets which can be passed on to their children.

As I've often discussed here, only the top 10% of American households are getting ahead in both income and wealth, and most of the gains of these 12 million households are concentrated in the top 1% (1.2 million households). (see wealth chart below).

Why are so few Americans able to get ahead? there are three core reasons:

1. Earnings (wages and salaries) have not kept up with the rising cost of living.

2. The gains have flowed to capital, which is mostly owned by the top 10%, rather than to labor ((wages and salaries).

3. Our financialized economy incentivizes cartels and other rentier skims, i.e. structures that raise costs but don't provide any additional value for the additional costs.

It's instructive to compare today's household with households a few generations ago. As recently as the early 1970s, 45 years ago, it was still possible for a single fulltime-earner to support the household and buy a home, which in 1973 cost around $30,000 (median house price, as per the St. Louis FRED database).

As recently as 20 years ago, in 1998, the median house price in the U.S. was about $150,000-- still within reach of many two-earner households, even those with average jobs.

As the chart below shows, real median household income has only recently exceeded the 1998 level-- and only by a meager $1,000 annually. If we use real-world inflation rather than the under-estimated official inflation, real income has plummeted by 10% or more in the past 20 years.

This reality is reflected in a new study of wages in Silicon Valley, which we might assume would keep up due to the higher value of the region's output.The study found the wages of the bottom 90% declined when adjusted for inflation by as much as 14% over the past 20 years:

"The just-released report showed that wages for 90 percent of Silicon Valley workers (all levels of workers except for the top 10 percent) are lower now than they were 20 years ago, after adjusting for inflation. That's in stark contrast to the 74 percent increase in overall per capita economic output in the Valley from 2001 to 2017."

source: Why Silicon Valley Income Inequality Is Just a Preview of What's to Come for the Rest of the U.S.

Meanwhile, the median house price has more than doubled to $325,000 while median household income has stagnated. Please note this price is not adjusted for inflation, like the median income chart. But if we take nominal household income in 1998 (around $40,000 annually) and compare it to nominal household income now in 2018 (around $60,000), that's a 50% increase--far below the more than doubling of house prices.


To raise stagnant incomes, the Federal Reserve and other central banks have attempted to generate a wealth effect by boosting the valuations of risk-on assets such as stocks, bonds and commercial real estate. But the Fed et al. overlooked the fact that the vast majority of these assets are owned by the top 10%--and as noted above, the ownership of the top 10% is concentrated in the top 1% and .1%.


As a result, the vast majority of the wealth effect capital gains have flowed to the top 1%:

Lastly, the cartel structure of the U.S. economy has raised costs while providing no additional value. One example is higher education, a cartel that issues diplomas with diminishing economic value that now cost a fortune, a reality reflected in this chart of student loan debt, which simply didn't exist a generation ago:


Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Given these realities, the bottom 90% are left with few pathways to get ahead in terms of financial security and building secure family wealth.


https://www.zerohedge.com/news/2018-11-09/why-are-so-few-americans-able-get-ahead
Posted by: AGelbert
« on: November 07, 2018, 04:25:39 pm »

November 7, 2018

SNIPPET:

One of the insidious Wall Street lies of the present Bubble Finance era is that stocks are to be bought because interest rates are low. The unstated part of that proposition, however, is that they have been ordained by the financial gods to stay low forever, world without end.

But that was a Big Lie. And it's exactly why the main street economy is in big trouble----trouble that has been made immeasurably worse by the lunatic Trumpite🦀/GOP fiscal debauch.

Full article:

Posted by: AGelbert
« on: November 04, 2018, 10:09:36 pm »

November 1, 2018

Robert Reich: Trump's 30 Biggest Broken Promises

[embed=640,380]http://www.youtube.com/watch?v=RZD_xyAjC-E[/embed]

Posted by: AGelbert
« on: November 04, 2018, 09:50:07 pm »

The TRUTH about Trump's Economy


[embed=640,380]http://www.youtube.com/watch?v=BYWEIufMjUM[/embed]



TRUMPONOMICS 🦀😈 👹 💵 🎩🦕🦖 🏴‍☠️


[embed=640,380]http://www.youtube.com/watch?v=LvcI9vGH740[/embed]



The Republicans want to DESTROY Social Security and Medicare


[embed=640,380]http://www.youtube.com/watch?v=Ti74bDmqvZs[/embed]


Posted by: AGelbert
« on: November 04, 2018, 09:15:38 pm »


Stiglitz explains why "The American Economy is Rigged" and why Trump doesn't want to talk about it


Shockwave  Community

Sunday November 04, 2018 · 12:06 PM EST

SNIPPET:

Trump is not talking economy much in these last days before the midterm.  Could it be because he read this Scientific American article, The American Economy Is Rigged ?

Quote
By most accounts, the U.S. has the highest level of economic inequality among developed countries. It has the world's greatest per capita health expenditures yet the lowest life expectancy among comparable countries. It is also one of a few developed countries jostling for the dubious distinction of having the lowest measures of equality of opportunity.
...

It is not the laws of nature that have led to this dire situation: it is the laws of humankind. Markets do not exist in a vacuum: they are shaped by rules and regulations, which can be designed to favor one group over another. President Donald Trump was right in saying that the system is rigged—by those in the inherited plutocracy of which he himself is a member. And he is making it much, much worse.

Read more:

https://www.dailykos.com/stories/2018/11/4/1809793/-Stiglitz-explains-why-The-American-Economy-is-Rigged-and-why-Trump-doesn-t-to-talk-about-it
Posted by: AGelbert
« on: November 01, 2018, 12:23:13 pm »

Agelbert NOTE: Posted WITH the following comment: Mish is a Libertarian. :P  This clouds his thinking somewhat.   He is the sworn enemy of all things Socialist. 👎 He is an unapologetic, White Privileged Capitalist who will spout, on cue, all the bigoted talking points as if they were obvious mathematical axioms of irrefutable truth  ::). He even supported the Kavanaugh Criminal for the Supreme Court!


IOW, he is an unapologetic greedball. 👎

Nevertheless, I respect the fact that he does not try to hide that with a rhetorical guise of fence straddling objectivity.

All that said, Mish has enough objectivity 👍 in regard to macroeconomic financial affairs to see the real, now imminent, dangers caused by the Ponzi Bubble-nomics world system prevalent for the last decade. Therefore, I provide this quote (Agelbert is guilty of the RED ► color on some Mish identified Potential Catalysts and the smileys, of course. 😀) for the benefit of those objective readers who do not have their right wing head up their Fascist Government Enabling ass.


Quote
Mike 'Mish' Shedlock

It's been about 10 years since the last financial crisis. FocusEconomics wants to know if another one is due.

The short answer is yes. In the last 10 years not a single fundamental economic flaw has been fixed in the US, Europe, Japan, or China. The Fed was behind the curve for years contributing to the bubble. Massive rounds of QE in the US, EU, and Japan created extreme equity and junk bond bubbles. Trump's tariffs are ill-founded as is Congressional spending wasted on war.

Potential Catalysts

Junk Bond Bubble Bursting

Equity Bubble Bursting

► Italy

► Tariffs

► Brexit

Pensions

► Housing

► China

Many will blame the Fed💵🎩🍌🚩. The Fed 😈 is surely to blame, but it is prior bubble-blowing policy, not rate hikes now that are the problem.

It does not matter what the catalyst is actually. And there might not be any catalyst other than simple exhaustion: The pool of greater fools in stocks, bonds, and housing simply ran out.

Regardless, I expect all eight of the above discussion points to be in play when the crisis does hit.

https://moneymaven.io/mishtalk/economics/26-experts-weigh-in-on-how-and-when-the-next-financial-crisis-will-happen-SJZW6ZvCyE2IT_WN2dCqZw/


Posted by: AGelbert
« on: October 31, 2018, 07:43:35 pm »

Posted by: AGelbert
« on: October 31, 2018, 07:36:44 pm »

October 31, 2018

The GOP Dessert scheduled for AFTER the elections next week



Posted by: AGelbert
« on: October 31, 2018, 07:10:42 pm »



[smg id=4222 type=preview align=center caption="Screen Shot 2018 10 31 at 3 38 37 PM"]

Presented without commentary.....for anybody who is capable of reading a chart. 

Gee, that looks like a chart with the S&P goin' up. The FACT that THAT reflects a portion of the 10 years of FED padding in a cratering economy in a BEAR MARKET (since 2008), especially after the Trump STOLEN election, to save the ass of idiots who invest in a cratering economy market is, of course, "irrelevant" to your Republican POV, Eddie. By the way, nice bit of passive agressive 'without comment' sniping there, Admin.

I've only been here a few days and already you are out to git me outa here, right? Don't worry, you will accomplish your purpose soon. I already know how vicious and petty you can be when you get your Texan balls in an uproar. You aren't a bad sort but you are so full of Republican talking point (see: politically INcorrect) 'free' market propaganda, that you have a rather selective way of looking at reality. IOW, if YOU are doing okay economically, all the other CRAP going on out there is, uh, nice to debate and talk about, but mostly not relevant to your world. You ain't no "bleeding heart librul". I get that, Tex.

For you, there is another potential bright side to this Trump effect smoke and mirrors market that you can cheer about, of course. If Trump retains control of Congress after the elections next week, you can soon (in about a year or two) laugh all the way to the bank because you won't have to deal with silly librul programs like Medicare and Social Security any more. That will also make your precious S&P 500 REALLY go up. Happy f u c k i n g day!

Posted by: AGelbert
« on: October 31, 2018, 06:23:17 pm »







Posted by: AGelbert
« on: October 31, 2018, 04:29:47 pm »

10/31/2018

SNIPPET:

Eight. Trillion. Dollars...


October's Carnage at-a-glance...

֍ Nasdaq 100 worst month since Oct 2008

֍ S&P worst month since Feb 2009 (lowest monthly close since April)

֍ FANG stocks crashed 21% in October - the biggest monthly drop on record

֍ Semis plunged almost 15%, the biggest monthly drop since Nov 2008

֍ "Most Shorted" stocks down 13.8% in October - worst month since Jan 2016 (or best for shorts)

֍ S&P Financials dropped over 7% in October - worst month since Jan 2016

֍ GSIBs (Global Systemically Important Banks) dropped over 10% in October, worst month since June 2016 (Brexit)

֍ China worst month since Jan 2016

֍ European stocks worst month since Jan 2016

֍ Hedge Funds were hammered as Goldman's VIP Basket plummeted 11.5% in October - its biggest drop ever.

֍ Stocks and Bonds both fell on the month (first time since Feb 2018)

֍ This is the worst October for Junk bonds since 2008 (HYG saw record volume in October)

֍ USD's biggest monthly gain since Nov 2016 (Trump election)

֍ USD and Gold both rallied for first month since Feb 2017

֍ Gold's biggest monthly gain against Yuan since June 2016

֍ Oil's worst month since July 2016  ;D

֍ While the world's stocks (ex-US) are down almost 13% YTD, US equities are unchanged (erasing the entire year's gains in October)...

Full article with charts:



Posted by: AGelbert
« on: October 31, 2018, 12:26:10 pm »


The USA is the world's largest and longest surviving Pyramid Sales Corporation.




Posted by: AGelbert
« on: October 29, 2018, 06:19:57 pm »


Agelbert NOTE: If you want to know the PLAN that Republicans (and Libertarians, who really want you to be a wage slave supporting their LIBERTINE, immoral, empathy deficit disordered cruel lifestyles) in general, AND TRUMP IN PARTICULAR, have for your economic future, just look at what this brave lady did in 1901, during the last Libertarian "paradise" in the USA. As you will learn, in the USA of that period (and AGAIN in the present) Con Artists 😈 do better economically than decent, honest, hard working people


 
Who Was the First Person to Survive Going over Niagara Falls?

There were no 401(k) plans or Social Security checks at the start of the 20th century. If you hadn’t saved enough money to live comfortably in your later years, you could end up in the proverbial poorhouse. That was the troubling future that Annie Edson Taylor was facing in 1901. Then in her 60s, the “very prim and proper” lady had taught school for years, but ultimately found herself penniless after a sad turn of events in which her husband died in the Civil War and she lost her only child soon after birth.  :(

So she came up with a plan: She’d become the first person to go over Niagara Falls in a barrel.  :o As the famous Queen of the Mist, Taylor was certain that the notoriety would fund her golden years. Sealed into the padded barrel with a 200-pound (91-kg) anvil attached to the bottom as ballast, Taylor washed over the rocky falls on Oct. 24, 1901. It also happened to be her 63rd birthday. She survived, virtually unscathed.

One woman's plan for retirement:

֍ Despite her miraculous achievement, the event clearly shook Taylor to her core. She later told the press, "If it was with my dying breath, I would caution anyone against attempting the feat ... I would sooner walk up to the mouth of a cannon, knowing it was going to blow me to pieces than make another trip over the Fall."

֍ Sadly, Taylor never found the financial security that she so desperately sought. Her manager 😈 absconded with the famous barrel, and interest in her story was tepid. She did make a little money posing for pictures and selling 10-cent biographies at a Niagara Falls souvenir stand.


֍ “Her stage appearances did not work out that well,” said historian Sherman Zavitz. “She just didn’t seem to have the kind of charisma or personality (...) to carry off that kind of thing very well.”

https://www.wisegeek.com/who-was-the-first-person-to-survive-going-over-niagara-falls.htm

Annie Taylor died on April 29, 1921, aged 82, at the Niagara County Infirmary in Lockport, New York, and was interred next to English-born daredevil Carlisle D. Graham (1886 - 1905) in the "Stunter's Rest" section of Oakwood Cemetery in Niagara Falls, New York.

https://en.wikipedia.org/wiki/Annie_Edson_Taylor


Welcome back from the dead, AG!

Synchronicity: at a staff meeting this morning, one of my producers actually read me this story! He brought in a couple of tidbits from a calendar he has that he thought would be of interest. What are the chances?


Thanks, bro.

Yep, I agree this is not a random occurence. Times are hard and people of good will 🌟 think along similar lines.

Here's another bit of strangeness to give anyone the heebee jeebees. I make a calendar to post salient events and routine exercise data with lots of graphics, including the seasonal weather and so on for 8 week periods. It's a sort of visual diary I can look back on. I've been doing that for several years now. On the first of any given month, I frame it and color it. I normally use a square frame. Here's the frame I used when I prepared the latest calender beginning on October 14, 2018.


The entry for today (stock market  ;D) was filled in today, of course. The numbers M144A119 and C708 stand for Maximum and Average pulse and Calories for my 40 minute treadmill workout. The Jewish star around November 1, 2018 was just something that popped into my head. I've rarely used the Jewish star frame. Was I somehow getting a vibe that the coming synagogue massacre, caused DIRECTLY, do not pass go, do not collect $200, by Trump's Stochastic Terrorism, would motivate influential Jews in the USA to bring the bastard Republicans down? We will soon know if American Jews will help bring some sanity to our system.

At any rate, I immediately thought of that calendar advanced entry when the massacre of 11 Jews in a Synagogue occurred October 27, 2018.

Posted by: AGelbert
« on: October 29, 2018, 04:31:36 pm »

 


Posted by: AGelbert
« on: October 29, 2018, 02:06:30 pm »


Agelbert NOTE: If you want to know the PLAN that Republicans (and Libertarians, who really want you to be a wage slave supporting their LIBERTINE, immoral, empathy deficit disordered cruel lifestyles) in general, AND TRUMP IN PARTICULAR, have for your economic future, just look at what this brave lady did in 1901, during the last Libertarian "paradise" in the USA. As you will learn, in the USA of that period (and AGAIN in the present) Con Artists 😈 do better economically than decent, honest, hard working people


 
Who Was the First Person to Survive Going over Niagara Falls?

There were no 401(k) plans or Social Security checks at the start of the 20th century. If you hadn’t saved enough money to live comfortably in your later years, you could end up in the proverbial poorhouse. That was the troubling future that Annie Edson Taylor was facing in 1901. Then in her 60s, the “very prim and proper” lady had taught school for years, but ultimately found herself penniless after a sad turn of events in which her husband died in the Civil War and she lost her only child soon after birth.  :(

So she came up with a plan: She’d become the first person to go over Niagara Falls in a barrel.  :o As the famous Queen of the Mist, Taylor was certain that the notoriety would fund her golden years. Sealed into the padded barrel with a 200-pound (91-kg) anvil attached to the bottom as ballast, Taylor washed over the rocky falls on Oct. 24, 1901. It also happened to be her 63rd birthday. She survived, virtually unscathed.

One woman's plan for retirement:

֍ Despite her miraculous achievement, the event clearly shook Taylor to her core. She later told the press, "If it was with my dying breath, I would caution anyone against attempting the feat ... I would sooner walk up to the mouth of a cannon, knowing it was going to blow me to pieces than make another trip over the Fall."

֍ Sadly, Taylor never found the financial security that she so desperately sought. Her manager 😈 absconded with the famous barrel, and interest in her story was tepid. She did make a little money posing for pictures and selling 10-cent biographies at a Niagara Falls souvenir stand.


֍ “Her stage appearances did not work out that well,” said historian Sherman Zavitz. “She just didn’t seem to have the kind of charisma or personality (...) to carry off that kind of thing very well.”

https://www.wisegeek.com/who-was-the-first-person-to-survive-going-over-niagara-falls.htm

Annie Taylor died on April 29, 1921, aged 82, at the Niagara County Infirmary in Lockport, New York, and was interred next to English-born daredevil Carlisle D. Graham (1886 - 1905) in the "Stunter's Rest" section of Oakwood Cemetery in Niagara Falls, New York.

https://en.wikipedia.org/wiki/Annie_Edson_Taylor




Posted by: AGelbert
« on: October 29, 2018, 01:00:23 pm »

October 29, 2018

SNIPPET 1:

Quote
While the S&P appears to indeed be on its way to 2,400, the only question outstanding is whether the Fed will step in when this support is breached - in line with market expectations of where the "Fed Put" is found...

... or if Powell will let the market slide beyond, and instead of a cyclical bear market in a secular bull, the current correction is exposed as the long-overdue breach of what has always been a secular bear market, that was only delayed by 10 years thanks to $15 trillion in central bank  👹 💵 🎩 🍌  🏴‍ liquidity.

SNIPPET 2:

Quote

This tells Morgan Stanley two things:

1. The Cyclical Uptrend that began in early 2016 has been broken, and

2. The collapse in the breadth of the market suggests this is more fundamentally driven than most market participants 🙉 🙊🐵 and commentators 😈 have acknowledged.




 

Posted by: AGelbert
« on: October 27, 2018, 10:04:33 pm »



Last Defense Line Crumbles With S&P 500 on Verge of Correction

By Richard Richtmyer

October 26, 2018, 4:07 PM EDT

SNIPPET:

U.S. equity bulls just suffered a technical knockout.  ;D

The benchmark for U.S. equities fell 4 percent this week, at one point trading 10 percent below its September record -- the threshold for a correction -- before closing down 9.3 percent from the peak. Stocks are on pace to post their biggest monthly decline since 2009 as lofty corporate earnings expectations, increased trade tensions and tightening financial conditions have investors on edge.

Read more:

https://www.bloomberg.com/news/articles/2018-10-26/stock-hedge-funds-slump-harder-than-market-in-october-reversal


Posted by: AGelbert
« on: October 27, 2018, 06:31:12 pm »

Report 👀

By Josh Bivens • October 10, 2018

SNIPPET 1:

What this report finds: Rapid growth in the cost of U.S. health care has put sustained downward pressure on wages and incomes. This rapid growth of spending has not purchased notably high-quality care, however. U.S. spending on health care is higher than in peer countries, while quality is lower. These high costs cannot be attributed to overuse of health care in America; instead, it is clear that the high price of health care is the culprit. Prices for pharmaceuticals, physician salaries, and medical procedures are almost uniformly higher in the U.S. than in peer countries—sometimes staggeringly so.

SNIPPET 2:

The canary in America’s health care coal mine: Rising costs for Employer Sponsored Insurance

Table 1 (Bottom 90% earnings, and insurance premiums and premium contributions for employer-sponsored health insurance, 1999 and 2016 and 1999–2016 change) shows one of the most salient trends in American economic life over recent decades—the rising cost of premiums for ESI (employer-sponsored insurance).

It shows employee contributions for these premiums, as well as their total cost, for both family and individual plans.  :P

The top panel of Figure A (Workers’ health insurance premiums are rising much faster than wages but not lowering out-of-pocket costs  >:() visually depicts the dramatic rise in health care costs as a share of income.😟

Full Report:

https://www.epi.org/publication/health-care-report/
Posted by: AGelbert
« on: October 26, 2018, 03:21:26 pm »

Truthout

October 26, 2018

Billionaires 😈 👹 💵 🎩 🍌  🏴‍ ☠️ Made More Money in 2017 Than Any Other Year in History

https://truthout.org/articles/billionaires-made-more-money-in-2017-than-any-other-year-in-history/

Posted by: AGelbert
« on: October 25, 2018, 05:43:18 pm »

October 25, 2018

October is still ugly...

And as stocks dead-cat-bounce for the umpteenth time in this October onslaught, Bloomberg's Smart Money Flow Index (which aggregate opening and closing price trends) has collapsed to its weakest since Lehman...🚩


As Bloomberg notes, regardless of its predictive value, the index is useful for its reflective value: it paints a picture of how the U.S. stock market has tended to be much stronger at the open than the close this year. Perhaps that lends credence to the theories that the return of volatility in 2018 has created de-risking by market makers and systematic quant strategies that react to price swings, rather than discretionary bearish selling.

read more:
https://www.zerohedge.com/news/2018-10-25/us-markets-dead-cat-bounce-smart-money-collapses-lehman-lows

Agelbert NOTE: What that last "theory" about market maker 😈💵 🎩 "strategies" means in plain language is that everyday stock holders are going to lose big time in this extremely manipulated BEAR market.

WHY? Can't you greedballs trying to time the market just "buy the dip"?   NOPE.

Here's the situation, folks. Stocks WILL trend DOWN. The so-called "smart" money (i.e. marker makers with HFT software and MASSIVE credit lines) knows that. The DUMB money (i.e. stock holders who stay long and do not buy or sell frequently because they mistakenly believe the Fed will, as it did the past decade, save their ASSets - Hi Jeanette and Brian!) does not.

As you see from the following chart included in the full article from the above post, the Futures Manipulation by the Fed (i.e. the PRIVATE Federal Reserve Bank) Money out of thin air Counterfeiting Crooks and Liars occurs AFTER the market action.

Quote
For some context with yesterday's tumble, we see futures started to rally the moment the cash markets closed yesterday...


So, even though the Fed Futures Derivatives Buying (with we-the-people's money) jacks up the price of a stock you own (that just tanked), you CANNOT "sell into strength" when the market opens BECAUSE the stock is NOT as high as it was before it tanked AND it will, nearing the close, according to the current market action statistics, usually be lower still!

If you buy more shares instead, at a lower share price, (i.e. to "dollar cost average"), you will soon run out of liquidity ASSets as the market keeps trending lower.

This "buy the dip" Fed funded fun and games only works IF the market keeps getting higher. That's over, boys and girls.

Yeah, I know my nephew Brian, the millionaire wise and mighty stock broker and my sister, his wise and mighty millionaire mother, Jeanette, think they've got all this stock mahket stuff all figured out. They don't. A monkey throwng darts at a stock chart target could have made money over the past three decades with Fed funny money constantly inflating the markets. Oh, but so many people out there think they are "geniuses" for immorally cashing in on crooked financial, economy destroying, bubble inflating, Capitalist Cruelty. 

Of course, Jeanette is an EXPERT in gaming the legal system in order to ensure I didn't get a penny of our parent's inheritance, but the stock market is another matter. 

You reprobate relatives are in for a rude awakening. Yeah, I, the Christian poor and weak relative of you "wise and mighty" PSEUDO-Christians (SEE: Antinomian HERESY = a person who maintains that Christians are freed from the moral law by virtue of grace as set forth in the gospel), don't own any stocks and probably never will.

Nevertheless, it would be prudent for you to take my advice NOW. 


It is time for you to sell EVERY STOCK YOU OWN. If you don't, you will lose most of your ASSets. It's panic time for you lovers of Mammon. SELL .

Every day you delay is another day of lost ASSets for you. If you are smart, you willl push the button below.





Posted by: AGelbert
« on: October 24, 2018, 06:42:34 pm »


Posted by: AGelbert
« on: October 24, 2018, 05:16:15 pm »









Quote
CashMcCall: Lets remember that GOP is in charge of the GOV. Presidency, House, Senate and Courts. And look what you have...

1) GOP Trump Tariffs ripping the bottom out of 30% of US companies reporting. 3M, CAT, PPG, Deere, Texas Instruments, etc.

2) No border control, no immigration policy and no enforcement of existing laws.

3) Warmongering across the world. Sanctions on 25% of the world population

4) Saudi Dictatorship butchering murderers, and US Weapons used to kill school bus loads of elementary kids in Yemen. Incomprehensible. Imagine sending your elementary school kid to school on a bus only to be targeted and killed by a Lockheed missile!

5) Pipe bombs and every person that got one was mentioned in Trump's hate filled Texas speech.

6) Auto industry in collapse. China not buying US made autos before GOP Tariffs, they bought more cars than Americans. Same with US Ag products. Farmers destroyed. ON GOP Trump Welfare now.

7) GOP and Trump antagonizing every country that buys US Treasury debt. Then they announce they don't need any buyers like China or Russia. Next AUCTION FAILS and they wonder why!

8 ) US high dollar policy and Tariffs are devaluing every currency that trades in the Reserve Dollar.

9) Bond market yields pop with each advance in interest rates and geopolitical stress. When it breaks the economy will plunge into recession.

10) GOP and Trump want to withdraw from nuclear arms agreements and build more NUKES. LOL. Destroying everything Ronald Reagan achieved to stabilize the world. As the GOP goes full Bush II on steroids.

11) Intermixed is the endless seedy activity of Trump from his infidelities, cover ups to his denials of his own ***** grabbing voice. Throws food at Chancellor Merkel, humiliates the Japanese Prime Minister in public. Endless conflict, endless bullying.

12) GOP in Afghanistan for the 17th year! Constant antagonism in the South China Sea, Bullying sanctions on Iran, Turkey, and Russia as if this won't come back in spades.

The bellicose blowhard owns the markets as they rapidly move into recession. His popularity is 39% job approval or 61% disapproval. Stuffing his pockets with his phony work vacations at his resorts. Filling rooms with secret service and billing the US Taxpayer to the tune of half a billion dollars last year! Self dealing grifter. GOP does nothing but stuff its own pockets with RINOTax Crony skim offs as the debt piles up at a faster acceleration that under the combined insanity of Obama and Bush II!

This country is falling apart just as it did with Bush II, spending into oblivion until the whole system collapsed. 9 Trillion in assets of the people evaporated. BUT Bush and Obama took care of the Banks with TARP. NOBODY WENT TO JAIL!  😠 🤬

Now we are back with more derivative leverage than in 2008! 😱 With a vociferous nitwit and expert in all subjects 🦖 at the helm. 🚩
 


Posted by: AGelbert
« on: October 22, 2018, 05:00:14 pm »


Memo To The Monetary Politburo (FOMC 💵 🎩 🍌): You're Targeting 2.00% Inflation Of Exactly What?


Quote
David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

http://davidstockmanscontracorner.com/memo-to-the-monetary-politburo-fomc-youre-targeting-2-00-inflation-of-exactly-what/
Posted by: AGelbert
« on: October 20, 2018, 03:48:34 pm »

By Thom Hartmann / Independent Media Institute

October 17, 2018, 6:39 AM GMT


Republicans Are Coming for Your Social Security and Medicare 😠

The warning signs are already here. 
 


The billionaire fascists are coming for your Social Security, Medicare and Medicaid. And they're openly bragging about it.

Right after Trump's election, back in December of 2016, Newt Gingrich openly bragged at the Heritage Foundation that the Trump administration and Republicans in Congress were going to "break out of the Franklin Delano Roosevelt model." That "model," of course, created what we today refer to as "the middle class."

This week Mitch McConnell confirmed Gingrich's prophecy, using the huge deficits created by Trump's billionaire tax cuts as an excuse to destroy "entitlement" programs.

"I think it would be safe to say that the single biggest disappointment of my time in Congress has been our failure to address the entitlement issue, and it's a shame, because now the Democrats are promising Medicare for All," McConnell told Bloomberg. He added, "[W]e're 😈 talking about Medicare, Social Security and Medicaid."

These programs, along with free public education and progressive taxation, are the core drivers and maintainers of the American middle class. History shows that without a strong middle class, democracy itself collapses, and fascism is the next step down a long and terrible road.

Ever since the election of Ronald Reagan , Republicans have been working overtime to kneecap institutions that support the American middle class. And, as any working-class family can tell you, the GOP has had some substantial successes, particularly in shifting both income and political power away from voters and toward billionaires and transnational corporations.

In July of 2015, discussing SCOTUS's 5 to 4 conservative vote on Citizens United, President Jimmy Carter told me: "It violates the essence of what made America a great country in its political system. Now it's just an oligarchy with unlimited political bribery..." He added: "[W]e've just seen a complete subversion of our political system as a payoff to major contributors..."

As Princeton researchers Martin Gilens and Benjamin Page demonstrated in an exhaustive analysis of the difference between what most Americans wanttheir politicians to do legislatively, versus what American politicians actually do, it's pretty clear that President Carter was right.

Read More Here

Posted by: AGelbert
« on: October 15, 2018, 04:55:11 pm »


Quote
October 15, 2018

QUESTION: 🤔

What do you get when you combine trillions of dollars of imperialist war spending, trillions more for the military industrial complex in preparation for endless wars, and trillions of dollars in tax cuts for super-rich capitalists?

ANSWER:

US Spending On Interest Hits All Time High As Budget Deficit In Trump's First Year Soars To $779 Billion. 🤬 😱






Proverbs 1 KJV

32 For the turning away of the simple shall slay them, and the prosperity of fools shall destroy them.

33 But whoso hearkeneth unto me shall dwell safely, and shall be quiet from fear of evil.


Posted by: AGelbert
« on: October 12, 2018, 06:29:27 pm »



October 12, 2018

4:01 P.M.

SNIPPET:

All US equity sectors were red on the week led by Materials and Industrials (and Financials floundered today despite the earnings)...Utes outperformed (but were still down 1.7%)

On the month so far, it's carnage:

Nasdaq 100 is on course for the worst month since Nov 2008

Small Caps are on course for the worst month since September 2011

S&P is on course for the worst month since August 2015 (China Deval)

What does it mean when the most systemically important banks in the world are down 26% from their highs and accelerating lower?

FULL FACT FILLED ARTICLE:




Posted by: AGelbert
« on: October 11, 2018, 05:16:54 pm »

October 11, 2018

Shockktober 10, 2018  Shocktober 11

Yesterday is Tomorrow...
A crowd at Wall and Broad streets after the 1929 crash. The New York Stock Exchange is on the right. The majority of people are congregating in Wall Street on the left between the "House of Morgan" (23 Wall Street) and Federal Hall National Memorial (26 Wall Street). https://en.wikipedia.org/wiki/Wall_Street



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