Money Flow Trading Method along with Risk Management

NON FARM PAYROLL DAY...

 

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1. https://cdn-assets.faireconomy.media...ar392875_2.gif BenjaminIs
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1. Post 6,303
2. Cleanup
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4. Mar 20, 2019 2:06pm

 

1. https://cdn-assets.faireconomy.media...ar392875_2.gif BenjaminIs
2. | Commercial Member | Joined Dec 2014 | 5,314 Posts | Online Now

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Benjamin

The numbers will be out in 15 minutes. My GUESS only because it is most difficult to predict since they are FAKE numbers is 125,000.

I will be online and provide commentary until 9:00 AM Eastern Standard Time.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Nonfarm payrolls are expected to revert to a more trend-like pace in March, following the sub-par Feb data (which was likely due to one-time effects, according to analysts). The jobless rate is seen remaining at 3.8%. Wage growth is seen moderating a touch, though would still be consistent with the recent pick-up.
Here, courtesy of RanSquawk are the key sellside expectations for the payrolls report:

1. Non-farm Payrolls: Exp. 180k, Prev. 20k.
2. Unemployment Rate: Exp. 3.8%, Prev. 3.8% (the FOMC currently projects unemployment will stand at 3.7% at the end of 2019, and 4.3% in the longer-run).
3. Avg Earnings Y/Y: Exp. 3.3%, Prev. 3.2%.
4. Avg Earnings M/M: Exp. 0.3%, Prev. 0.4%.
5. Avg Work Week Hours: Exp. 34.5hrs, Prev. 34.4hrs.
6. Private Payrolls: Exp. 170k, Prev. 25k.
7. Manufacturing Payrolls: Exp. 10k, Prev. 4k.
8. Government Payrolls: Prev. -5k.
9. U6 Unemployment Rate: Prev. 7.3%.
10. Labour Force Participation: Prev. 63.2%.

EXPECTATIONS: The sub-par 20k payroll addition in February was likely lowered by payback from unusually strong increases in previous months and idiosyncratic effects such as weather, Nomura says. This month, nonfarm payrolls are expected at 180k (range: 120k-282k); unemployment rate exp unchanged at 3.8%. If the consensus is correct, payroll growth would still be beneath its 3-, 6- and 12-month averages (12-month average 209k, 6-month average 190k, 3-month average 186k).


WAGES: Average hourly earnings are expected to be unchanged at 3.4% Y/Y, 0.2% M/M vs prior 0.4%; average weekly hours exp 34.5hrs vs 34.4hrs prior. The pace of wage gains is seen moderating a touch in the month. Citi says that while this is a softer increase than last month’s upside surprise, it is still a pace consistent with the recent acceleration in wage gains. “It continues to be our expectation that with a low unemployment rate and a wage-Phillips curve relationship that is alive-and well, wage gains can continue in the recent 3.0-3.5%YoY range for much of this year,” Citi says, but says that wage gains will not be significantly passed through to higher consumer prices. “After likely remaining somewhat below 2% for much of 2019, core PCE is likely to stabilize closer to 2% only later in the second half of the year.”


CLAIMS DATA: In the survey week, initial jobless claims fell by 8k to 216k (with the 4-week moving average rising slightly to 220.5k). That compares with 213k in the February survey period, (where the 4-week moving average was 229.5k). The data in the March survey week might be explained by unfriendly seasonals, Pantheon Macroeconomics noted. “The trend in claims has nudged higher as growth has slowed, thanks mostly to the fading of the tax cuts and the hit to manufacturing from China’s slowdown and the trade war,” adding that the trend-rate is probably around 225K, but that is expected to move higher into the spring. The consultancy argued that this was not the end-of-the-cycle surge in claims, which is more likely to come next year or even as late as 2021.


ADP PAYROLLS: ADP reported 129k payrolls were added to the US economy in March, disappointing the consensus looking for 175k. Pantheon Macroeconomics reminds us that ADP's model incorporates prior official payroll data as well as information from firms which use its payroll processing services, so it’s possible that the fluke 25K private payroll number for February pulled down the March ADP. "Frustratingly, the influence of the prior month’s official numbers is impossible to isolate consistently in advance," Pantheon writes, "usually, the effect of weak official numbers on the next ADP reading is seen in the month after severe weather events -- February's survey week was much colder than January's, relative to seasonal norms -- and typically the official number for the month after the weather event is stronger than ADP." Pantheon goes on to say that the first alternative story, in which ADP has captured a real downshift in payroll growth, cannot be ruled out, "but is very hard to square with the survey evidence and the newly-revised, lower, jobless claims numbers," and "the final possibility is that greater-than-usual snow cover in March, relative to February -- adjusted for seasonal norms -- hit March payrolls, despite only modestly colder-than-usual temperatures," and the uncertainty here is huge, "so prudence dictates that we nudge down our forecast for the official number to about 160K from 180K, but this is a very tricky call."


ISM SURVEYS: The manufacturing ISM report saw the employment sub-index jump by 5.2 points to 57.5 in March, signalling that employment has grown for a thirtieth straight month. “Employment continued to expand, improving on February’s performance and achieving its highest expansion level since November 2018, when the index registered 57.7 percent,” ISM said (reading above 50.8 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment). The rise in the services report was more modest at 0.7 points, taking the sub-index to 55.9 (registering the 61st consecutive month of expanding jobs in the services sector). Respondents said “staffing up as business grows” and “Difficulty recruiting in a full employment environment.”

CHALLENGER JOB CUTS: US employers are planning to cut 60,587 jobs from payrolls in March, Challenger reported, -21% M/M. Challenger also notes that in Q1 as a whole, job cuts were up 10.3% Q/Q and +35.6% higher than Q1 2018. "Companies appear to be streamlining and updating their processes, and workforce reductions are increasingly becoming a part of these decisions. Consumer behaviour and advances in technology are driving many of these cuts," Challenger said, adding "another major driver of the uptick in job cuts is economic uncertainty and fears of an upcoming downturn. Companies are reacting to market conditions as much as consumer demand."


Arguing for a stronger report, via Goldman Sachs:
Winter weather. Winter weather likely lowered job growth in February by around 100k, much of which itself reflected payback from the relatively mild weather in December and January. In March, survey-week snowfall swung from above-average to below-average, with a 1.3-inch seasonally adjusted decline vs. February (population-weighted basis, see Exhibit 1), and our payroll forecast embeds a boost from weather of around 20k, relative to trend.

https://zh-prod-1cc738ca-7d3b-4a72-b...%20weather.jpg


Jobless claims. Initial jobless claims declined over the four weeks between the payroll reference periods (-5k to 221k on average, lowest since November). Continuing claims also fell from survey week to survey week (-18k to 1,755k), but we currently place much more weight on the initial claims reading due to the likely impact of residual seasonality.

Business surveys. While business survey headline indices were mixed-to-weaker in March[1], the employment components of both the services and manufacturing employment trackers generally increased (+1.2pt to 55.2 and +1.3pt to 57.0, respectively). Taken together, business surveys suggest a solid rebound in job growth in March, but with an underlying pace somewhat below what was seen in mid-2018 (see Exhibit 2). Service-sector job growth rose 57k in February and averaged 156k over the last six months. Manufacturing payroll employment rose 4k in February and increased 20k on average over the last six months.

https://zh-prod-1cc738ca-7d3b-4a72-b...%20surveys.jpg


Arguing for a weaker report:
Job availability. The Conference Board labor market differential—the difference between the percent of respondents saying jobs are plentiful and those saying jobs are hard to get—declined by 5.7pt to +28.3 in March, its largest monthly decline since February 2009 (see left panel of Exhibit 3). While concerning, this weakness may be telling us more about February than about March, as the widely reported payrolls miss at a time when recession fears were rising may have influenced survey responses. While we do not have a detailed demographic breakdown for the Conference Board measure, the UMich "unfavorable employment news" component rose by 10pp among higher-income consumers—who on average are more likely to follow financial news—whereas it rose only 0.5pp across the other two thirds of the income distribution. As shown in the right panel of the same exhibit, changes in the Conference Board labor market differential are somewhat predictive of payroll surprises, but the relationship breaks down following large misses in the previous month (i.e. the best fit line actually slopes downward for the dark blue datapoints).


ADP. The payroll-processing firm ADP reported a 129k increase in March private payroll employment—46k below consensus and well below the +214k average pace over the prior six months. The March ADP report suggests that the underlying pace of job growth is moderating, though some of the weakness probably reflects a mechanical drag from prior-month nonfarm payroll growth (an input to the ADP model). We also note that weather tends to affect the official payroll measure more so than it affects the ADP series (a positive factor this month, in our view).


ADP. The payroll-processing firm ADP reported a 129k increase in March private payroll employment—46k below consensus and well below the +214k average pace over the prior six months. The March ADP report suggests that the underlying pace of job growth is moderating, though some of the weakness probably reflects a mechanical drag from prior-month nonfarm payroll growth (an input to the ADP model). We also note that weather tends to affect the official payroll measure more so than it affects the ADP series (a positive factor this month, in our view).


Neutral factors:
Job cuts. Announced layoffs reported by Challenger, Gray & Christmas declined by 11k in March to 55k (SA by GS). Announced job cuts in March are slightly below their March 2018 level (-1k yoy).

The Non Farm Payroll Number is 196,000

It should have a neutral to positive spin to start the day so Dow Futures are now up 72.37

5 Minute Chart Dow 30 Futures ...

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Good Morning Benjaminis, and thanks for the compliments.

https://www.zerohedge.com/news/2019-...9GZQbxBk_HljAA

Via Bella Caledonia
Most forecasters are gloomy about global economic prospects.

According to Schroders, doyen of UK assets managers:
“We forecast a more stagflationary environment in 2019 with global growth set to slow and inflation to rise”.

The Davos World Economic Forum predicts a “sharp drop-off in world trade growth, which fell from over 5 per cent at the beginning of 2018 to nearly zero at the end”.

Forbes business magazine warns:
“The biggest problem for the global economy in 2019 will be massive business failures that could also lead to bank failures in emerging markets”.
Of course, the forecasters have been wrong before but it is clear that the main analysts of the global capitalist economy are pessimistic about current trends. They are right to be worried.

The international economy operates in pulses christened Kondratiev waves after Nicolai Kondratiev (1892-1938), the Russian economist and statistician who first identified them. These K-waves consist of an expansionary upswing lasting normally 15-20 years, followed by a downswing of similar length. We are now in such a downswing that could last till the 2030s.

https://zh-prod-1cc738ca-7d3b-4a72-b...ges/mr%20k.jpg


What causes Kondratiev pulses?
There is a rich literature trying to identify the cause, in particular the work of the Belgian economist, the late, great Ernest Mandel. Crudely, it works like this. Social and economic conditions mature to spark a runaway investment boom in the latest cluster of new technologies. After a period, excess investment and increased competition lower rates of profitability, curbing the boom.


At the same time – because this is as much a sociological as an economic process – growth expands the global workforce, both in numbers and geographically. The new, militant workforce launches social struggles to capture some of the wealth created in the boom. This, in turn, adds to the squeeze on profits. The peak and early down wave are characterised by violent social conflicts, whose outcome determines the length of the contraction.


To date each K-wave has seen a crushing of social protest and a halt to wage growth, if not a fall in real incomes for the working class. Thus conditions accumulate for a fresh investment boom, as profitability recovers. The ultimate trigger for the new upcycle is investment in the next bunch of new technologies, which simultaneously provide monopoly profits and a new set of markets.

UPSWING OR DOWNSWING: WHERE ARE WE ON THE K-WAVE?

https://zh-prod-1cc738ca-7d3b-4a72-b...s/k%20wave.png

Where precisely are we in the Kondratiev cycle?
There is a dispute about this. Economists convinced by the Kondratiev theory largely agree there was a strong up-phase following the Second World War, lasting till the early 1970s. This was driven by the collapse in European wages imposed earlier by the Nazis and by the universal adoption of Fordist, mass production techniques. This expansion turned into a downswing in the 1970s and early 1980s, as profitability declined and the revived European economies (linked through the early Common Market) eroded American competitiveness.


The dispute concerns what happened next – the era of Reagan, Thatcher, neoliberalism and globalisation, running up to the present. In 1998, the American economic historian Robert Brenner published a hugely influential account of global capitalism which claimed to identify a super downswing running from circa 1970 to the turn of the millennium. Brenner rejected the notion global capitalism had (or was likely) to regain profitability, citing excess capacity rather than working class resistance as the primary driver. He pointed to the sudden stagnation in the Japanese economy, in the 1990s, as a precursor for the West’s future.


I have always believed that Brenner was not just wrong, but wildly wrong. The Reagan-Thatcher era created precisely the conditions for a new upswing, by smashing the trades unions and incorporating the former Soviet Union and Maoist China into an expanded capitalist market place, complete with hundreds of millions of new, cheap workers. The result was a boom based on investing in a cluster of new technologies: the silicon chip, the internet and mobile phone. On a political level, the social welfare gains of the working class won after WW2 were eroded, to reduce taxes and boost profits.


This upswing lasted till the Bank Crash of 2010. There were several significant features of the 1985-2010 up-wave. First, it was longer than the average, suggesting the current downturn could also be lengthy. Second, the neoliberal upswing involved a commercial and political victory for a rejuvenated US capitalism. Witness the current dominance of American high-tech. Europe, on the other hand, finds itself in decline, crushed between rival American and Chinese imperialisms. The crisis of the EU, Brexit included, results directly from this geopolitical shift.


The new downswing results from more than the 2008/9 financial crisis. There has been a wave of Chinese and Asian working-class resistance to exploitation, which has eroded profits. In the West, paradoxically, the historic defeat of the unions has flatlined wages. As a result, goods can be sold (and profits maintained) only by bolstering consumption through easy personal debt. That makes the Western capitalist model unsustainable and prone to endemic bank failure. The banks and their tame accounting firms are busy covering up this chronic instability via wholesale fraud. As a result, we are nowhere near the bottom of this K-wave.


What is the solution? I’ll discuss that next week.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Martin Armstrong via ArmstrongEconomics.com,
Perhaps there is some new plague that only affect politicians on a global scale.
It seem no matter what country we look at, it is simply going completely insane. Americans rarely understand Parliamentary politics in London for it is not unusual for Trump to meet with Chuck and Nancy in the White House. In British politics, there is no pretend bipartisanship where there are meetings between the parties.
The structural difference in a Parliamentary system is that the ruling party controls everything and the opposition party might as well just go on holiday.
Here the mere fact that Prime Minister Theresa May is meeting with the head of the Labour Party is earth-shattering to say the least. It illustrates that May will not compromise for it is very clear that she will not yield to her own people and is attempting to force the EU demands down everyone’s throat.

https://zh-prod-1cc738ca-7d3b-4a72-b.../BREXIT-13.jpg
The latest polls show that the majority of British have had enough.
While parliament has so far been completely unable to agree on a way out of the current deadlock, is there any consensus among the public?
A survey by YouGov shows that, assuming the EU were to allow an extension, only 11 percent think we should take that offer, with a plurality (40 percent) saying the country should then settle for a no deal situation. A slightly lower 36 percent would then rather remain in the Union.
If an extension is not on the table though, the split is almost even betweenthose favouring no deal (44 percent) and to remain (42 percent).

https://infographic.statista.com/nor...9_brexit_n.jpg
You will find more infographics at Statista
They just want to exit the EU without any deal whatsoever. There is absolutely NOTHING to gain from an EU deal.

https://zh-prod-1cc738ca-7d3b-4a72-b...4376832344.jpg
Britain will be the major loser and it will surrender its sovereignty in the process.
This is going to make for an extraordinary interesting WEC in Rome. Our model has been projecting political chaos but this brexit debacle has scored a new record high in political incompetence.
PM May was against BREXIT from the outset. She has refused to negotiate a fair deal for Britain and in the process she is dooming her own country.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=LY4e264-


by Tyler Durden

Sun, 04/07/2019 - 14:00

Authored by Martin Armstrong via ArmstrongEconomics.com,

QUESTION:
Hello Mr. Armstrong,
I´d like your opinion on this,
During 7 Decades in which our lives got better, longer, richer, safer, healthier, better educated, more peaceful and more stimulating. Even World poverty has decreased in a rate never seen before, still, news coverage got increasingly negative


What explanation could there be for this? Is it excessive competition for attention as media sources multiply or an excessive any deeper reasons? I compare it to Markets, seems to be similar like trading on news, which is impossible because when the news is the worst, usually its the low and when everything and everyone is optimistic its the high.

regards

ES

ANSWER:
Coming out of World War II, society really advanced in many ways from technology to medicine. This is the part of the societal cycle that is best to live in.

Then what happens is corruption. The news becomes corrupt in sync with politics. I believe this becomes the case because news becomes institutionalized as it is owned by big firms who then direct the news to slant to their personal benefit.

This is a funny skit on British News...

It is so true here in the States as well. The Democrats love CNN and the Republicans love Fox.
The news gravitates to a political slant and is no longer about news – it is always about selling more ads and pushing their propaganda like some religion handing out flowers in airports.

https://zh-prod-1cc738ca-7d3b-4a72-b...ds-600x408.jpg


Yellow journalism was created by the battle between Pulitzer and Hearst. They created the Spanish American War to sell papers. Pulitzer’s name was worthless. To rehabilitate it he donated money to create the Pulitzer Prize for good journalism, which he never practiced.

Now we are in the downtrend of that cycle. The corruption has taken over everything. Just look at the list of presidents since Jimmy Carter. There is not a single president who has not been subjected to a special prosecutor investigating some action, which is always brought by the opposing party. I really fear who will come after Trump.


Trump is probably the perfect president at this moment for he has such thick skin. Who else is going to run? If they do not have thick skin, what is the point? Will any rational person want to put their family through such scrutiny?


Even Melania Trump’s decision to wear a custom blue Ralph Lauren suit to her husband’s presidential inauguration in January 2017 set off a firestorm to the point that a staff member at Ralph Lauren publicly stated:
“We immediately started to get complaints about Melania Trump wearing [the label]. And people [on Twitter] are using the #boycottralphlauren hashtag.”

Even a First Lady is now targeted for what she wears. This level of criticism was unheard of decades ago.

Now everything offends someone and they seem to be looking for issues to claim they are offended.

PLEASE WATCH AND THEN CLICK ON LIKE AS IF NO PERSONS ARE EVEN COMING HERE THEN I HAVE MUCH BETTER THINGS TO DO WITH MY TIME.

Thank You...


Bruce
514 247 0775

http://www.whatdoesitmean.com/index2834.htm

April 7, 2019

Mysterious “Creature From Black Lagoon” Space Disease Has Global Scientists Cowering In Abject Terror

By: Sorcha Faal, and as reported to her Western Subscribers

A seemingly ordinary at first glance Security Council (SC) report circulating in the Kremlin today became anything but mundane when its discussion minutes showed that the highest national security classification level “Of Special Importance” has now been placed on a Ministry of Health (MoH) scientific study dealing with a new species of fungus called Candida Auris—a mysterious fungal disease first detected in Japan in 2009 shortly after International Space Station astronaut Koichi Wakata visited his home nation—is now sweeping across the globe, has been labeled an “urgent threat” to humanity, is so “invasive and unbeatable”, confirmed cases and deaths have now been recorded in several European countries as well as in the United States, India, Pakistan, Venezuela, South Africa—and that Dr. Tom Chiller, the head of the US Centers for Disease Control Mycotic Diseases Branch, has just terrifyingly likened to “a creature from the black lagoon”. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]

http://www.whatdoesitmean.com/candy1.png

According to this report, four weeks ago, on 6 March 2019, the Security Council authorized the Ministry of Health to release to the world scientific community a detailed analysis of a previously unknown outbreak of Candida Auris that occurred in a Moscow hospital in 2016-2017, and whose mortality rate was a shocking 42.1% of those infected.

The authorizing of this historic scientific information release from Russia to the world, this report explains, was due to findings discovered by the Foreign Intelligence Service (SVR) that determined the most probable origin of this new Candida Auris disease sweeping across the globe was from the International Space Station.

In support of this assessment, this report details, SVR intelligence analysts noted that in February-2009, NASA astronaut-scientists aboard the International Space Station suddenly deployed a new device they’d developed to track down microscopic fungi and bacteria—an alarming development as the International Space Station had aboard it at the time two ancient and mysterious fungi species collected from the McMurdo Dry Valleys of Antarctica in Southern Victoria Land—that were launched into space in February-2008 and returned to Earth on 12 September 2009.

http://www.whatdoesitmean.com/candy3.png

Most concerning to SVR intelligence analysts about the time frame the mysterious Antarctica fungi were aboard the International Space Station, this report continues, were the still unexplained travels and activities of NASA astronaut mission specialist Koichi Wakata—who was due to travel to the International Space Station on Expedition 18 scheduled to launch on 15 March 2009—but at the last moment was pulled from this launch for what NASA said was training on “new equipment”—his then being scheduled for Expedition 19 due to launch on 26 March 2009—but that was inexplicably scrubbed by NASA when they realized they’d have to use a Russian Soyuz spacecraft, which mandates a medical examination for all astronauts prior to liftoff—that, in turn, caused Wakata, along with his full Expedition 19 crew, to be launched during Expedition 20 on 31 July 2009—and was an expedition that saw Wakata traveling to the International Space Station aboard a NASA space shuttle, unlike other astronauts on this mission who used the Soyuz.


Though the exact mission and travels of NASA astronaut Koichi Wakata are more highly classified than this general report allows the reporting of, it does note his being in Japan shortly before the first case of Candida Auris was documented occurring there—that was followed by the Americans conducting a multi-year scientific effort to discover if fungi could survive in our Earth’s most upper atmosphere—the first results of which were released in August-2009 showing that fungal spores and other biological particles can account for large proportions of aerosol particle mass in pristine rainforest air as well as in rural and urban environments—and in the first study of its kind released in January-2013, discovered that there's a surprising amount of bacteria and fungi as high as 30,000 feet—and remarkably, these microbes could be affecting the climate, as well as contributing to the spread of diseases down on Earth.

http://www.whatdoesitmean.com/candy4.jpg

With Russian scientists having already detailed to NASA how after the 1986 launch of the pristine MIR space station fungi and bacteria growth became unstoppable, this report states, it was no surprise that the mysterious ancient fungi discovered in Antarctica and sent to the International Space Station not only survived the brutal conditions of space, but also managed to reproduce—and whose greatest fears now suspected to be true is that this ancient fungi has spread to the exterior of the International Space Station where its spores from are now raining down on Earth.


Supporting these fears that Candida Auris fungi spores erupting from the exterior of the International Space Station are now entering our Earth’s atmosphere and altering our planets existing fungi species, this report continues, was genome sequencing testing that showed that there were four distinctive versions of the fungus, with differences so profound that they suggested that these strains had diverged thousands of years ago and emerged as resistant pathogens from harmless environmental strains in four different places at the same time—a finding so shocking, it caused CDC infectious disease expert Dr. Snigdha Vallabhaneni to fearfully in terror proclaim: “Somehow, it made a jump almost seemingly simultaneously all around the world, and seemed to spread and it is drug resistant, which is really mind-boggling”.

http://www.whatdoesitmean.com/candy5.jpg

Most catastrophic and terrifying about the space borne Candida Auris fungi disease as it continues its deadly sweep across the globe, this report concludes, is that it’s truly unstoppable—and is why a “climate of secrecy” about its rapid spread now exists in the West—most particularly because it preys upon the sickest human beings found in hospitals and care facilities—all of which found infected have to be nearly completely destroyed—whose spread into the United States now shows doctors and nurses fearing to even enter the rooms of those infected, thus leaving their loved ones only left to care for them—and whose fearful strike into a community was, perhaps, best stated by Imperial College London infectious disease expert Dr. Johanna Rhodes, who grimly lamented upon it hitting her nation: “We have no idea where it’s coming from. We’ve never heard of it. It’s just spread like wildfire”.

http://www.whatdoesitmean.com/candy6.png

Unstoppable Candida Auris space disease begins its deadly march across the United States

April 7, 2019 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the manybucatastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]


[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]
[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]


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Hillary Clinton May Talk With Spirit Of Eleanor Roosevelt—But Longest Serving First Lady In History Rises From Grave To Protect Trump

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Benjamin

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Martin Sieff via The Strategic Culture Foundation,
Uneasy Hangs the Head That Wears a Crown: The Lessons Donald Trump Needs to Learn from William Shakespeare

Now that President Donald Trump has finally been exonerated from the always farcical Big Lie of Collusion with Russia in the 2016 election, the US leader had better watch out: The Deep State will really go after him now that it's supposed Soft Coup plot has failed.

https://zh-prod-1cc738ca-7d3b-4a72-b...s/or-42489.jpg


Trump needs to recognize he is a modern version of Shakespeare’s King Henry IV, a monarch who can never afford to rest.
The forces opposed to Trump and his decent, sensible 2016 campaign vision of defusing tensions with Russia worked viciously, relentlessly and long to discredit the 45th President of the United States before he could even get going. The idea that they are now going to sit back like good losers because their entire pyramid of lies on Collusion with Russia has been exposed is ludicrous.


The two years of hysteria in fact were far from unsuccessful. They failed to topple Trump from office or separate and discredit him with his potent domestic political base. But they certainly prevented him from working openly and constructively with Russian President Vladimir Putin to end the ongoing bloodbaths in Syria and Yemen that Trump inherited and to reduce global nuclear tensions.


Instead, the United States continues to plunge ever more deeply into reckless, unconditional support for the dangerously volatile, irresponsible and local regimes in Georgia and Ukraine. To Otto von Bismarck and George Kennan alike this would have been incomprehensible. They would have regarded it as insane. So would Franklin D Roosevelt, who was slandered by ignorant Know Nothings for three quarters of a century because he recognized that destroying Nazism and preserving the peace of the world with the Soviet Union were more important than guaranteeing the borders and internal politics of Poland, Estonia, Latvia and Lithuania.


On unexpectedly winning power, President Trump was entirely serious in his commitment to “drain the swamp” of Washington: That is the real reason the old US establishment hated him so much. The hysterical lies about a totally fictional and absurd “collusion” nevertheless pinned him down on the defensive for two years – half a full presidential term.


This forced Trump to obsess on defensive politics. He managed to push through many of the deregulation and other economic reforms he desired and started to renegotiate multinational trade agreements with the rest of the world. But he never had the chance to take the offensive against any or all of his domestic political enemies. Now he will certainly try to.


In reaction, they will be even more desperate, extreme and hysterical now they have been forced on the defensive than they were when they took the offensive against the president.

Trump needs to watch out. He has defied the US security establishment in ways no president has dared to do since John F. Kennedy. And behind his public posturing, Trump has never been a fool. Much of his tacking to the militaristic right on issues from Russia to China may well be seen as a recognition that he has to yield to many Deep State pressures to prevent the number and power of his enemies isolating him and becoming overwhelming. Richard Nixon, after all, was only forced to leave office when he had alienated most of both the liberal left and the hardline right against him.


Trump is right to celebrate the collapse of the Russia Collusion narrative against him. And he should certainly be urged to drop John Bolton especially as his national security adviser. The peace of the world still depends fundamentally on the Washington and Moscow steering clear of direct conflict and constructively and cautiously managing relations with each other.


But the most dangerous thing Trump could now do is to let down his guard. His many enemies are still out there, seething with hatred and frustration, eager to assault him with new, ever more poisonous and fantastic lies.


Trump may enjoy a brief lull while his coalition of enemies licks their wounds and humiliations in the shadows. And it may take them some time – probably weeks rather than months – to come up with their next set of new lies. Or the next set of assaults may be more direct.

The greatest danger remains in foreign affairs where Trump has allowed himself to be stripped of loyal colleagues like Lieutenant General Michael Flynn. Secretary of Defense James Mattis and White House Chief of Staff John Kelly are now both gone, and so far they are irreplaceable. Both men were Marine generals with strong ties to the Establishment. But they were also experienced steady figures of caution and honor. Trump’s back is a lot less safe without them there to guard it.


William Shakespeare would have understood Trump’s dilemma perfectly.
We forget how Shakespeare’s historical tragedies were also political thrillers all filled with mind-bogglingly complex plots and intrigues. Whenever one intrigue failed, the villains – and even the heroes – simply moved on to concoct a new one.

That was power politics in Renaissance royal courts as Shakespeare understood it. He would have made a perfect National Security Adviser in 21st Century Washington.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

Authored by Rob Slane via TheBlogMire.com,

Back on 29th June 2016, just after the referendum on Britain’s membership of the European Union, I indulged in a little speculation about what would happen next:
“I don’t usually like to indulge in prophetic utterances, and I’m not sure I would describe this as such an attempt – more an informed hunch – but I believe that the 17,410,742 people who just expressed their opinion in a democratic vote to leave the European Union are about to find themselves involved in what can only be described as the mother of all stitch ups. Brexit just isn’t going to happen!!!”


However, although I believed that we were going to see the mother of all stitch ups, I was wrong about how this would happen. At the time, I fully expected that ways would be found to avoid ever triggering Article 50, and so I was somewhat surprised when it was. Still, it didn’t alter my view that a Remain Prime Minister in a Remain Parliament was highly unlikely to carry out the mandate given by the majority of voters in that referendum, and nothing I’ve seen or heard since has changed that view.


But we now come to what could well be the crunch week in the whole charade, with the number of possible outcomes being narrowed down to just a few. These are, I believe, the main possibilities:

1. Another extension, either until 30th June, or a “flextension”, as has been mooted in the last few days
2. A no deal Brexit
3. A Parliamentary majority for Revoking Article 50

Of these possibilities, unfortunately I believe that the third is now by far the most likely, even though it was one of the options rejected by MPs in the series of indicative votes held in Parliament, and even though it still wouldn’t command a majority were a vote held on it early in the week. So I guess this needs some explaining.

What I expect to happen next week is as follows. Talks between the leaderships of the two main parties will break down, with both sides blaming one another.

This will mean that the default position will remain a no deal Brexit (or to put it more accurately, a World Trade Organisation Brexit) on 12th April.

On 10th April, the EU Council will once again meet to discuss Brexit, and in particular Theresa May’s request to the EU Council President, Donald Tusk, for an extension until 30th June. It should be noted that she made the exact same request in previous letter to Mr Tusk, and it should be further noted that that request was turned down, with two alternative dates proposed — 12th April and 22nd May –, which were tied to her failure or success in getting the Withdrawal Agreement through Parliament. And so it seems that having seen that deal rejected by MPs on three occasions, she is now going for a second shot at having her extension date request rejected by the EU, and who knows, perhaps she’s hoping to make that three as well! I am not convinced that she is in complete possession of an entire collection of marbles, as it were.

I believe that the EU Council is extremely likely to turn her request down. But unlike the previous occasion, I also think it extremely unlikely that they will grant her any extension at all. And the reason for this is simply this: Emmanuel Macron.

M. Macron is an extreme EU integrationist. He really does want to see a United States of Europe, replete with its own army and a number of new institutions including:

1. A European agency for “the protection of democracies”
2. A revamping of the EU’s passport-free Schengen zone
3. A common border police
4. A European asylum office
5. A European council of internal security.
6. A defence and security treaty to increase defence spending and put in place an operational mutual defence clause
7. A European Security Council

And despite the fact that the German leadership is nowhere near as keen on these things, this does not seem to dampen Macron’s enthusiasm and he wants to go full speed ahead on this now. However, he is already extremely frustrated that Brexit has been taking up so much of everyone’s time. It was Macron who was the sticking point in the granting of the previous deadlines, and it is he who supposedly kicked back against Mrs May’s request for an extension until 30th June. In the end, as I understand it, Macron grudgingly accepted an extension, but insisted on two shorter dates, tied to the success or failure of Mrs May to get her Withdrawal Agreement through.


I simply don’t think that Macron is going to give way again. And so I expect that he, possibly along with a number of other countries, will reject Mrs May’s request. And so the EU Council will, I believe, conclude their meeting by saying that because the British Government has failed to get the Withdrawal Agreement through Parliament, and because the British Prime Minister has failed to set out a fresh and credible reason as to why an extension should be granted, they will not be offering one.


Should this occur, late on Wednesday 10th April, regardless of what has happened in the passage of the Cooper-Letwin Bill, Britain will be just 48 hours from exiting the European Union with a no deal Brexit.


MPs will then be faced with a very stark choice with just hours to go. The Withdrawal Agreement will have passed away. The possibility of an extension will be dead. The choice will be startlingly simple: Accept No Deal or Vote to Revoke. And despite the fact that most MPs voted against Revoke in the indicative vote, and despite the fact that they fear the reaction of their constituents should they vote for this, faced with this choice with literally hours to go, I believe them quite capable of, and indeed highly likely to vote to Revoke Article 50. And indeed they are equally capable of justifying it by claiming that they couldn’t in all conscience see the country plunged into chaos (which could well prove to be a case of irony on steroids).


And thus the Mother of all Stitch ups, the Revolt of Parliament against the people will be complete.

https://zh-prod-1cc738ca-7d3b-4a72-b...evolting-1.jpg


No doubt events shall prove me wrong. However, as the clock ticks down, and as this convoluted process boils down to an increasingly narrow range of possibilities, unfortunately it seems to me that a last minute Revoking of Article 50, along with all that that would entail, is now looking increasingly likely.

https://www.zerohedge.com/news/2019-...l-danger-ahead

By the SRSrocco Report,

By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank's have acquired $13 trillion worth of assets on their balance sheets. While the central banks label these balance sheet items as "Assets," they are nothing more than glorified Paper IOU's.


And these trillions of dollars worth of paper IOU's can only get their value from the burning of energy... a critical factor overlooked by mainstream financial analysts.

Without growing global oil production, most of these "supposed" assets would see their values plummet. Unfortunately, the world is heading towards a collapse of global oil production due to the Falling EROI - Energy Returned On Investment and the Thermodynamics of oil depletion.


Yes, the disintegration of the global oil industry is now speeding up. Here are a few headlines that should provide some clues on how the situation is rapidly deteriorating:
Wall Street Loses Faith In Shale
Saudi Aramco's Ghawar field produces 1.2mbpd less than expected
NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer
Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds
THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come
US Shale Companies Facing “Catastrophic Failure” over Ballooning Debt
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line

As you can see, most of the articles are on the U.S. Shale Industry. We must remember, the majority of the increase in global oil production over the past decade (80+%) is due to ramping up of the U.S. shale oil and Canadian oil sands operations. U.S. shale oil production has surged by more than 7 million barrels per day (mbd) since 2008:
https://srsroccoreport.com/wp-conten...-2008-2019.png


Yes, it's true that I underestimated the growth of U.S. shale oil. I truly had no idea that the insanity would go on this long, but as long as there are new suckers to part with their money, the CIRCUS will continue. By the way, look for a major ENRON type scandal to take place in the U.S. shale oil industry. Thus, when the Fan hits the Shyte, watch as shale investors flee like rats from sinking ship.

And it looks like the ball just might be rolling due to this GEM of a news-release: WHITING PETROLEUM INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Whiting Petroleum Corporation:
On January 2, 2019, The Wall Street Journal reported in an article titled “Fracking’s Secret Problem—Oil Wells Aren’t Producing as Much as Forecast” that, according to a review of available public data on production, many of the Company’s shale wells, specifically those involved in the fracking process, were producing oil and gas at a much lower rate than the Company had forecasted to investors. Further, the report noted that “findings suggest current production levels may be hard to sustain without greater spending because operators will have to drill more wells to meet growth targets.”

KSF’s investigation is focusing on whether Whiting’s officers and/or directors breached their fiduciary duties to Whiting’s shareholders or otherwise violated state or federal laws.

Basically, the lawsuit is trying to find out if Whiting's officers or directors failed in their fiduciary duties to inform investors of the negative implications of the severe decline rate of shale oil wells.

Get used to seeing more of this as the SHALE OIL PONZI TURD starts to unravel, and with it, hundreds of billions of debt held by investors.

And if you think the major oil companies like Exxon are going to make it rich producing shale, please read my following article, EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line. Exxon is spending gobs of money increasing shale oil production but its U.S. upstream earnings (oil and gas wells) are a complete disaster.


I believe large shareholders of ExxonMobil will eventually have a meeting and force management to stop throwing good money after bad at shale oil. Mark my words.

Lastly, on this subject of U.S. oil production, the next chart shows the long-term trend since 1920. You will notice that it took approximately 30 years (1940-1970) for U.S. domestic oil production to increase by 6 mbd. However, the magicians in the shale industry did it in less than 10 years:
https://srsroccoreport.com/wp-conten...-1920-2019.png


Take a good look at those oil production trends shown by the arrows. So, how quickly do you think U.S. shale oil production will decline? If you answered that it will most likely decline the same way (or faster) than it went up, then I would say you got your head screwed on correctly. Moreover, the companies producing U.S. oil from 1940 to 1970 probably didn't go into serious debt while the shale industry has racked up more than $300 billion. A most clever trick.


Maybe if we are really lucky, the U.S. Shale Oil Ponzi might just start to unravel right around Halloween... TRICK OR TREAT.

The reason the oil producers during the 1940-1970 period didn't go into much debt (probably made nice profits for the most part), was because conventional oil production has a high EROI and ROI (Energy Returned On Investment & Return On Investment). However, shale oil, which is unconventional oil, has a very low EROI and an ROI... seemingly, a good secret kept from investors by the PR departments at the shale oil companies.

Please keep an eye on U.S. shale oil production as I believe it will be the canary in the coal mine in regards to the peaking of global oil production and the ensuing collapse of financial assets and debts.


Central Banks Buy Up Garbage Assets To Keep The Economy From Collapsing
As I mentioned at the beginning of the article, central banks purchased $13 trillion worth of assets since the 2008 financial crisis. According to a chart by Lioncrest Capital, the total of the top central banks' balance sheet assets are approximately $20 trillion. Now, I did see some data by Ed Yardeni suggesting that the figure is closer to $19.6 trillion. But hey, what's a few hundred billion amongst friends... ah?


Regardless, I highly doubt the Fed or other central banks will sell these assets into the market, especially since the global economy is now rolling over. But, please... don't mention that to the sheep trading in the stock market as it continues higher.

Now, if we compare the increase in central bank balance sheet assets to gold, there is a troubling trend unfolding:
https://srsroccoreport.com/wp-conten...-2008-2018.png


While central banks bought $13 trillion of increasingly worthless assets since 2008, the value of central bank gold reserves increased a paltry $446 billion. Furthermore, central bank gold reserves accounted for 12% of total balance sheet assets in 2008, but have fallen in half to only 6.4%. Now, I say increasingly worthless assets because if these assets were "high quality," then why in the hell didn't someone else buy them?? Why did the central banks have to come in and buy these assets? Well, the answer is probably a simple one.


They were the last poor slobs on the block to be able to do so.

Thus, we have the final straw to the Global Financial Ponzi Scheme. The central banks came in to bail out the commercial banks. So, who will bail out the central banks? Of course, the collapse of the biggest financial Ponzi scheme in history won't happen tomorrow, but if you want to keep an eye on a good indicator, watch what happens with U.S. shale oil production. That will be one of the keys.


Lastly, we must remember gold and silver are stores of ECONOMIC ENERGY while stocks, bonds, and real estate, are ENERGY IOU's. Energy drives the markets, not finance. When energy becomes a problem, and it will, so will the value of most financial paper assets.


If you are new to the SRSrocco Report, please consider subscribing to my: SRSrocco Report Youtube Channel.
Check back for new articles and updates at the SRSrocco Report.

https://www.zerohedge.com/news/2019-...ops+to+zero%29

It must be remembered following Romania, Poland is set to host the US-built Aegis Ashore land-based missile defense system, which can reportedly reach all of western Russia.

Moscow for its part has long warned against continued NATO build-up in Eastern Europe, citing figures showing NATO's military assets deployed to the region have tripled and amidst increasingly frequent war games.

Just this week, for example, the 'Sea Shield 2019' NATO military exercises are set to run from April 5 to April 13 and involve "14 Romanian warships and six warships from Bulgaria, Canada, Greece, the Netherlands, Turkey with 2,200 troops will carry out joint combat tasks in the Black Sea region," according to Ukraine's Mission to NATO and the Romanian Ministry of National Defense.

The Kremlin slammed the multi-national naval drills which kicked off in the Black Sea on Friday and will include limited Ukrainian defense forces as yet another provocation. The Russian Ministry of Foreign Affairs (MFA) said upon the games' beginning, which also happens to mark NATO's 70th birthday: "Having militarized NE Europe, NATO has decided to increase its military presence in the Black Sea."


COMMENTS FROM BRENJAMIN: We are on the VERGE of The Third World War in order to cover the COLLAPSE of the 10 Years of PONZI by the Central Banks of the World led by the FED and the ECB.

https://www.zerohedge.com/s3/files/i...?itok=zpd9iJUv

As part of his remarks the former land forces commander laid out a scenario where he sees Poland as a future ground zero for clashes between NATO and Russia.

He advanced the eastern European country as "an extremely important state from a strategic point of view" to prevent encroachment of "the Russian war machine" on the west, which further presents “the greatest concern of the free world.”

According to a translation of the interview by Russia's RT, Skrzypczak actually mused that Russian invasion of Poland would be the likely catalyst for US first strike scenario involving nuclear weapons:
“It is true that the Americans vowed nuclear attacks to stop the Red Army in Poland,” Skrzypczak said, in an apparent reference to the days of the Cold War.


"Now there are plans like this if Putin hits. Not only that, in a military sense, this is the most reasonable [response]."


Such an outcome is “unacceptable” for Poland but if an all-out war breaks out, “nobody will ask our opinion,”the former general said. Going back to reality, he acknowledged that the worst thing that could happen to Poland is its isolation “as a result of our own political mistakes.”

Poland was a Warsaw Pact country from 1955 to 1991, and is now a full NATO member since 1999, and has thus always been at the geopolitical center of rivalry between the Kremlin and the West. Though itself not a nuclear armed power, it's grown increasingly reliant on western partners like the United States for defense against its powerful neighbor.

https://twitter.com/VolatilityQ/stat...85934150078464

https://www.zerohedge.com/news/2019-...ops+to+zero%29

https://www.zerohedge.com/news/2019-...ops+to+zero%29

The amount of mental acrobatics that Wall Street analysts have to perform to justify continued buying of stocks even as bonds scream deflation, the yield curve screams contraction, Europe and China are already one foot in a recession, and earnings are set for their first profit contraction in 3 years, is simply staggering.

One week ago, we reported that in keeping with its now traditional "good quant, bad quant" strategy (profiled most recently here), just hours later, JPMorgan's "other" quant, Nikolaos Panigirtzoglou published a report in which he said that while he maintains a risk-on and pro-cyclical stance (the alternative is risking being dubbed "fake news" by Kolanovic), he warned that "investors should start building up hedges against the risk of a repeat of the past two weeks' yield curve inversion episode."


Picking up on what he said two weeks ago, the JPMorgan strategist noted that "yield curve inversion has been generally a bad omen for growth and recession risk, though with variable lags to risky asset prices historically." And while not news to those who read our latest recap of Panigirtzoglou recent report, at the macro level the "other" JPM quant warns that "despite the improvement in the Chinese and Asian PMIs in this week's releases the global growth picture is not out of the woods yet" adding that "these cyclical risks are still manifesting in our global manufacturing PMI, which has failed to rise in the latest release despite better Asian PMIs".


Then over the weekend, in order to dispel fears that stocks have levitated too high, one strategist came out with a "novel" interpretation, claiming that there is no reason to worry as, drumroll, equity investors have been worried about the wrong yield curve. That strategist: Mislav Matejka who works for JPMorgan, and is a co-worker of the far more skeptical Panigirtzoglou.


That's right, one bank, two diametrically opposing takes on what the yield curve means for investors.

According to the "other" JPM strategist, while there’s concern that the recent inversion of the yield curve is a sell signal for the market, he notes there’s an average 18-month lag between such a move and the onset of a recession, Matejka said in a note to investors Monday.

His solution? Ignore the "bad omen" for stocks highlighted by JPMorgan's Panigirtzoglou, and inatead please just look at the spread between the 10-year and 2-year Treasury yields - which is about 18 basis points away from inversion - instead of using the inverted 10-year and 3-month Treasury yield difference that has stock traders - and his own JPMorgan co-worker - on edge.

https://zh-prod-1cc738ca-7d3b-4a72-b...0inversion.jpg

But while disagreements between different strategists at the same bank is hardly new, what is remarkable is what a third - and even more bullish - JPMorgan strategist told Barron's to further stoke the bullish narrative.

In order to justify JPMorgan's 3,000 price target in the S&P, in an interview with Barron's, the bank's chief U.S. equity strategist Dubravko Lakos-Bujas said that while many strategists and investors try to predict the end of the business current cycle, he boldly claimed that it may be time to reconsider its very existence.

That's right: with the US poised to enter its longest expansion on record in June (absent a recession in the next month or so, which looks unlikely except in retrospect) and with rising concerns that the economy is now extremely "late cycle", JPMorgan's solution is to ignore the business cycle entirely, as central banks have now effectively taken over micromanaging the global economy.

"We are all used to using the word ‘cycle’; we’re all used to looking at historical charts and graphs and equations and relationships," Lakos-Bujas told Barron’s. "The reality is that maybe the word ‘cycle’ is no longer even relevant, given that we have so much unconventional central-bank involvement."

Why does the JPM chief equity strategist feel comfortable with making such a ludicrous statement? It has everything to do with the lack of inflation (because on Wall Street, as well as in the Federal Reserve HQ, there is no such thing as surging housing, healthcare, education and food prices and all the focus is on deflating, and edible, iPads).

“The fact that we’re not seeing really significant inflation pressure—it remains positive but tame—suggests that there’s no reason for central-bank policy to rush,” he said, pitching central planning with the passion and fervor of a Communist Party undersecretary speaking in front of Leonid Brezhnev in 1968 Moscow.

Of course, as Barron's noted, central banks have done more than just keep rates low: central banks have put their balance sheets to work like never before, with large-scale asset purchases injecting liquidity into economies around the world. The ECB has gone even further than the Fed, buying up both sovereign and corporate bonds. The Bank of Japan took it to yet another level, purchasing equities in addition to bonds; its balance sheet is now above 100% of Japan's GDP.


"This is not a normal cycle just left to itself to run. It is continually fiddled with by these central-bank injections,” he says, as if that were a good thing. And apparently it is, because the positive spin on the entire world becoming a 1960s version of the USSR is that "rather than nearing the end of one decadelong cycle, perhaps it’s just the beginning of a fourth mini-cycle."

The first cycle he identifies ran from 2009 to 2012, when the European debt crisis forced the ECB to be creative in its measures to support debt-burdened euro-zone economies. The next phase lasted until 2016, when some emerging markets slipped into recession and U.S. corporate profits declined for two quarters. It ended when the Fed paused interest-rate increases and other central banks turned more accommodative. Another mini-cycle ended in the fourth quarter of 2018, when the Fed pivoted to a dovish stance and China began fiscal stimulus.


That brings us to the start of 2019, when a fourth cycle might have begun. “We have these little mini-cycles that are continuously occurring, and they seem to coincide with central-bank policy,” Lakos-Bujas says.

Unlike his more bearish JPM colleague, Panagirtzoglou who has been skeptical for the better part of the past 4 months, Lakos-Bujas - just like Marko Kolanovic - sees the S&P 500 going to 3000 this year, as investors steadily become willing to take on more risk and overhangs like the U.S.-China trade dispute are resolved.
Perhaps there is something about Croatian genes predisposing analysts (Kolanovic, Matejka, Lakos-Bujas) to be especially bullish: we don't know and it doesn't really matter. But what struck us, is the lack of any critical observation or rational analysis of the dangers of central banks constantly stepping in to push stocks higher at any downside inflection points, something Bank of America pointed out over a year ago.
http://www.zerohedge.com/sites/defau...k%20bofa_0.jpg


After all, in a world in which the economy is increasingly the market (where easy central banks and record buybacks are all that matter), all that is happening is that this increasingly artificial "market" is creating a world with record "zombie companies", and staggering economic imbalances whose day of reckoning is not being resolved but merely delayed, guaranteeing that when the market finally does crack, not only will what little central bank credibility is left be crushed, but the world will fall into a depression the likes of which will make the 1920s and 1930s seems like a walk in the park.

Hello loveandpeace

I have been watching and reviewing your trading account. We need to speak on the telephone to review your progress and many other things. Please give me a call later today after 7:00 PM Eastern Standard Time.

Thank You


Benjamin

Good Morning Benjaminis, sorry that I could not call you on the weekend, but for sure

I would give you call today after 7.00 thanks & take care.

Unlike his more bearish JPM colleague, Panagirtzoglou who has been skeptical for the better part of the past 4 months, Lakos-Bujas - just like Marko Kolanovic - sees the S&P 500 going to 3000 this year, POST# 6456



Benjaminis, what’s your expert opinion on this??

IMPOSSIBLE SEE MY NEXT POST


Benjamin