We’re gearing up for another positive day for stocks. There isn’t anything notable about this morning’s news flow, other than the fact that gold is getting hit in the head again, off by 0.3%
Benjamin Bernanke, aka The Bearded Clam, is on CNBC this morning talking greasy about Emperor Trump’s economic strategy, casting doubt on whether he can jimmy rig it to grow 3%+.
“On a sustained basis, it’s certainly possible, but not likely.”
Should Congress pass a tax cut, as Trump has proposed, “You might have a bump because of the increased consumer spending,” he said.
However, if he was to bet on whether the economy would break the 3 percent barrier, Bernanke said, “I would take the under on that.”
Whatever.
Over the weekend, there was more provocations between ‘Merica and N. Korea. God willing, we will enter a period of total war soon.
Thanks to a smaller than expected crop in Mexico and California, avocado prices have been surging.
Prices are more than double from last year and the highest in 19 years.
Amerifats loves guacamole and have been consuming it on an industrial scale. Blame the shit dealers at CMG for this causation. But U.S. consumption of avocados has gone from 3.5lbs in 2006 to 6.9lbs in 2015.
The evil Mexicans control this market — accounting for 82% of the supply into Burgerville, USA. Shipments have gone apeshit over the past two decades, from just 24 million pounds in 2000 to 1.76 billion in 2015.
Haas avocados retail in the US for $1.27, up from .98 last year.
There are two stocks that are considered ‘pure play’ avocado.
One is LMNR — but they’re very small.
The other is CVGW. Revenues and profits have been matching the stock price in recent quarters — shooting higher.
Thanks CNN fake news. In an effort to fight the scourge of ‘fake news’, the President is eyeing making changes to the libel laws, which would target news agencies with lawsuits for publishing fake news. Some of you on the right might be celebrating this now, considering that there is just one center right leaning network and zero relevant newspapers on the right. By placing a standard, which would be enforced by a ‘Fake News” Tsar, the government will, essentially, eliminate freedom of the press.
“I think it’s something that we’ve looked at,” Trump’s Chief of Staff Reince Priebus told ABC’s “This Week” when asked whether the President was “eyeing” changes to “press laws.”
“How that gets executed or whether that goes anywhere is a different story,” he said.
Let’s lay out the scenario that led us to this ebb tide.
-Bullshit news regarding the President being pissed on by Russian hookers and a constant barrage of fake Trump-Russian ties drive the right in-fucking-sane. Something must be done.
-Bullshit news claiming Obama was born into a CIA family, cavorted with radical preachers in Chicago, secretly gay, and married to a transvestite with ties to radical Islam drives the left in-fucking-sane. Something must be done.
A request is made. Please punish CNN fake news. Please stop the NY Times. Fox can’t keep getting away with it.
The government stands up for the people and changes the press laws, opening the media up to massive lawsuits by the DOJ.
Net result: Everyone gets fucked. But only the establishment media will have the resources to defend against the lawsuits. Competition dissipates to nothing. The government propaganda outlets continue to publish ‘fake news’, but without independent journalists to check their bullshit.
The CNN shills were besides themselves last night over a recent Trump speech. The details of his oratory presentation are meaningless. My question to you, the lifetime democrat is this: is the media’s coverage of President Trump helpful and appropriate?
I suppose you’d think that I’m against fervent criticism of the President. But you’d be wrong. As a point in fact, I think it’s necessary for the media to examine every fucking thing the people in power does, including the people who they love — like Obama and John Podesta. I get why conservatards are livid with the media — given the fact that Obama got a pass for 8 years.
Think about it. If the media was in fucking war mode with every god damned politician, lobbyist, judge, President and anyone of influence, the world would be a better place. But when the media only goes against those who are ideologically opposite from their worldview, they lose all credibility as an objective source for news and information.
That’s the point.
Although small, we don’t shill for anyone, in any party, and will report on any news item that is wrong for the ordinary egg cracking folks.
Here’s Paris Dennard dressing down the CNN panel, and especially Paul Begala, for their disgraceful coverage of the President.
I think we need more disgraceful people on the air and in print. We don’t need sycophants. I say, stock the media with people who don’t give a fuck and let it all burn.
Regime change was all the rage under the Obama administration — especially in the middle east. The pitch was MUH democracy needed to be exported to savage lands, whose populations were largely an illiterate ensemble of archaic tribes hellbent on blowing each other up over the interpretation of their fictional holy books.
Here was two time failed Presidential candidate, Hillary Clinton, flippantly opining about the fate of Libyan leader, Muammar Gaddafi.
Since then, Libya has been a staging ground for terrorist activities and an open hole in North Africa by which an endless stream of migrants use to enter Italy. All of the weapons stockpiled by Gaddafi were taken by ‘rebels’ who used them to take over large swaths of land in Syria and Iraq. Our embassy was run over, and our Ambassador killed. All of this because we wanted to ‘free’ the Libyan people from their misery — which, ironically, resulted in a greater and deeper misery than they could’ve ever imagined.
So what has the liberal/neocon policy of regime change done for Libya lately?
Fucking slavery (please contain your outrage).
According to a report by the UN Migration Agency, Libyan rebels are capturing poor Africans seeking to enter Europe, housing them in parking lots and make-shift prisons, in order to sell them on the open market like the days of antiquity, for as little as $100.
Source: CNBC
“We talk to returning migrants every day and we hear this stories every day — stories of exploitation, psychological, physical and sexual abuse,” Giuseppe Loprete, Niger-based chief of mission of the UN International Organization for Migration, told CNBC recently.
For thousands of migrants paying to be smuggled out of North Africa, Libya remains the only route to Europe, and is a “black hole” where many disappear into exploitation, he said, adding: “The situation is only getting worse.”
The going price for kidnapped migrants ranges from $200 to $500 in Libya, according to survivors who have returned to the IOM’s transit center. In the last few months, the organization has arranged for the repatriation of 1,500 migrants back to their homes, which include Nigeria, Senegal and Gambia.
Libya is a gateway to Italy from Africa, with an estimated 25,000 migrants having crossed the Mediterranean Sea this year. Although Italy has taken measures to stem the flow of migrants from Libya, IOM data suggest crossings are on pace to challenge the nearly 182,000 migrants who landed in Italy last year.
Former National Security Council officer under Obama, Eric Pelofsky laments, “It is a terrible situation thriving in the shadows created by the larger conflict in Libya.”
Leonard Doyle, Spokesperson of the Director General at the International Organization for Migration (IOM), sums it up: “Migrants who go to Libya while trying to get to Europe, have no idea of the torture archipelago that awaits them just over the border.” He grimly adds,African migrants “become commodities to be bought, sold and discarded when they have no more value.”
Before this planet is engulfed by fire, I wanted to share some sagely financial advice.
The Exodus algos are flagging OVERSOLD for XSD now — a low volume, shit tier, ETF. The track record for this signal is flawless.
Also, I used to be a yuge fan of seasonality factors in the market. For whatever reason, certain stocks tend to take off during certain times of the years. This is not by happenstance, but by design. The reasons vary. I find it to be a vital part of identifying trades on a macro level before digging down.
Here are some notable stocks that outperform during May.
The media was gleefully cheering on the specter of Jones losing sole custody of his children. So he invited them to the front of the courthouse to discuss the facts about the trial, and then about 15 minutes in started to redpill them on things, like chimeras and other wondrous and nightmarish mutations.
Yonhap news agency is reporting that N. Korea attempted to sail a ballistic missile into the sea of Japan, but failed to do so because it exploded within seconds into flight. Because of this grave threat to America, preparations for war are being prepared.
In spite of the fact that the N. Koreans are, seemingly, unable to launch missiles just a few hundred few from a launch pad, Secretary Tillerson believes — sometime soon — they will be able to launch them into space via ICBM and travel more than 5,000 miles to incinerate one of our lovely west coast locales.
“North Korea fired an unidentified missile from a site in the vicinity of Bukchang in Pyeongannam-do (South Pyeongan Province) early this morning,” Yonhap reported, quoting a statement issued by South Korea’s military. “It is estimated to have failed.”
Well, well, well, what do we have here? Shares of KBR blew up in my face today and I couldn’t be more pleased with the revelations.
The Serious Fraud Office, a regulatory body in the UK, said it was investigating the old Halliburton division that sold hammers for $10,000 in Iraq, KBR, for bribery and corruption.
Duh, does a lion hunt? Does a genius think?
The investigation is being widely misread by Wall Streetfags, who actually think something will happen here. The SFO is basing their investigation on revelations from an Australian newspaper which revealed chicanery with the activities of Unaoil — a Monaco based energy company.
The allegations said Unaoil hired a bunch of contractors, like KBR, to partake in all sorts of ‘nation building’ vagaries, much of which included criminal activities.
The whole point of these nation building devils is to profit off war, which is why I am long. Bear in mind, I’m not long because peace it about to break out. Companies like KBR are necessary evils, just like the old East India company. Back during the Iraq war, the contractor side was separate and bogged down by all of that oil. Since then, it was stripped away, leaving investors with an opportunity to gain this exposure, purely, while patiently awaiting for schools and sewers to be rebuilt abroad.
President Trump just signed an executive order that might open up millions of coastal acres for oil and gas drilling.
The directive is called The America First Offshore Energy Strategy and its purpose is to review regulations and the permitting process for exploration on the outer continental shelf.
“This order will cement our nation’s position as a global energy leader and foster energy security for the benefit of American people without removing any of the stringent environmental safeguards that are currently in place,” said Interior Secretary Ryan Zinke.
This is a massive blow to the Obama era EPA hegemony. Perhaps the effects will not be seen in stocks today, but this is a net positive for any offshore driller, such as RIG, OII and RDC. May of them have already gone bankrupt. But this might rejuvenate the sector.
President Trump signs an executive order to roll back regulations on offshore drilling https://t.co/srZkon5vql
