YOU’RE WELCOME

Uranium busting out. But we already knew this would happen, yes?

Now pay your fair share and join the league of gentlemen at the Exodus country club for top hatted men of extreme certitude and eschewers of the pablum (ECCFTHMOECAEOTP) — not so secret society.

Going higher.

Here’s Grandma Yellen presenting the virtues of the Fed to a shilled and cucked Congress.

WATCH LIVE: Janet Yellen presents the Fed's semi-annual report to Congress https://t.co/WZp7Qd4mL2

— Bloomberg (@business) February 14, 2017

When was the last time the Fed was audited?

Greece has been totally conquered by the Eurozone, by way of debt. They’re no the permitted to choose leaders who disagree with the EU and now they must retain of the oldest and the wealthiest ‘merchant bankers’ in the world, Rothschild (House Bauer), replacing Lazard, in order to hash out their debt problems and pave the way for reentry to the capital markets.

Source: Financial Times/RT

According to the Financial Times, Greek authorities hope to finalize the appointment before crunch debt talks with eurozone finance ministers on February 20. The date has been described as the last chance for a bailout review with the upcoming elections in Europe likely to dominate the EU agenda.

Sources told the FT that Rothschild is expected to advise Athens on all areas connected to its debt, including negotiations with creditors, potential inclusion in the European Central Bank’s €80 billion per month bond-buying program and the resumption of Greek government bond sales.

They added the bank will be paid a bonus when Greece regains access to global debt markets.

The Rothschild investment bank was founded over 200 years ago by Mayer Amschel Rothschild. Five of his sons established banking businesses around Europe and the firm today has more than three thousand employees in 40 countries.

The appointment of Rothschild as sovereign debt adviser will require ministerial approval. The bank will thus replace US investment bank Lazard, which worked on Greece’s bailout talks in 2012, and is currently acting as financial adviser to the Greek Ministry of Energy.

“An adviser is not being hired to arrange another debt restructuring with private creditors, it is being hired to advise on official debt. It will be a difficult job,” said Mitu Gulati, a law professor at Duke University in the US who specializes in the field. “There is always the risk that you can antagonize bilateral creditors when you bring financial advisers in and treat them like private creditors.”

Athens and its international creditors have been seeking ways to conclude negotiations on the current review of Greece’s €86 billion aid package. The bailout program was agreed two years ago and is the third since 2010.

Greece’s €323 billion debt is still the highest in the eurozone. According to the country’s Public Debt Management Agency, just €36 billion from that sum is owned by private investors who hold Greek bonds; the rest is in the hands of sector creditors such as the IMF and European institutions.

The country has €7 billion of debt payments due this July, which it won’t be able to meet unless it receives new funds or carries out restructuring.

Earlier this month, the IMF which was urging for more austerity and describes Athens’ debt as unsustainable, called for “significant debt relief” to stop Greece’s debts becoming “explosive.”

Conspiracy theories abound.

Phillipe Reines, senior political advisor to Hillary Clinton, tweeted this to Genral Flynn and his son Mike Flynn Jr. last night, after it was announced that his Father had resigned from the national security position.

Dear Mike Flynn & Mike Flynn Jr.,

What goes around COMETS around.

And given your pizza obsession…

https://jobs.dominos.com/dominos-careers/ …

xo

Philippe

If you’re unfamiliar with Flynn Jr., he was one of the more prominent people close to the Trump administration who questioned the peculiarities of the Pizzagate story.

In response to Phillipe’s tweet, Hillary felt it necessary to pile on, lecturing the Flynns about the hazards of perpetuating ‘fake news.’

But why?

General Flynn resigned because he might’ve spoken to the Russians about sanctions at a time when he wasn’t authorized to do so, not because of some story about pedophilia taking place in the basement of a Washington DC pizza parlor. So why in the actual fuck would Hillary even reference this in a tweet?

It sounds to me, she is saying ‘fuck with Podesta and Comet Ping Pong and you lose your job.’

Am I wrong?

Really, predicting a 37% return for any major index is outright scandalous — let alone the utterly and contemptible Shanghai index, a denizen for perfidy and wanton chicanery. Nevertheless, the shills over at Morgan Stanley believe the year of the rat will produce a superfluous amount of grandeur for the canine eating men in China.

“The key message of this report is that China can transition to high income status, something few other EMs have achieved,” Morgan Stanley strategists led by Jonathan Garner wrote in a 118-page macro outlook received Tuesday. “It is likely that over the next 10 years MSCI China can keep up its long track record of outperformance of EM.”

“Clearly, there are many aspects of price formation and market regulation in China’s equity markets which continue to look unfamiliar to the global investor,” such as the process for suspending trading and for approving initial price offerings, the analysts wrote.

If China can make the achievement, it is “very likely” the MSCI China gauge will continue a trend that has seen it deliver a U.S. dollar total return compound annual growth rate of 13 percent over the last 15 years, outperforming its broader emerging-market peer by 3 percentage points a year, Morgan Stanley said. That is the difference between a $100 investment becoming $625 or $418, it noted.

There you have it, cognitive dissonance at its finest. Let’s all pretend China isn’t saddled with the very worst debt leverage in the world — beguiled by capital outflows and totally dependent on foreign markets to keep their people employed.

We’re all gonna make a fortune long these base metal stocks, such as $TECK, $VEDL, $TGB and $HBM.

As of right now, gold is higher by 0.7%, zinc +0.65%, lead +0.4%, nickel +2%, copper +1.1%, tin +0.3%, aluminum +1.6%, palladium +0.8%.

Also, BMO upgraded shares of $CCJ to outperform, which should lend credence to the uranium play.

Futures are flat; but optimism is soaring.

Don’t give me fake news wins memes. I’ve been ignoring this story because the media has been so apoplectic about nearly every god damned thing Trump did, I stopped viewing them as credible.

Now, whether Flynn did something wrong or simply fell on his sword to remove a major distraction for Trump is not really an important distinction. Let’s assume the globalist shills in the media are truly out to get Trump (duh), don’t you think this is  going to embolden them to go after someone else next?

Trump is a master at PR, so it’ll be interesting to see how he spins this. After all, he’s the guy who got caught saying he’d grab her in the pussy and move on her like a bitch, and still get elected as President of these United Steaks.

Here’s his resignation letter.

Flynn's resignation letter pic.twitter.com/aRiX3E6XFk

— The_Real_Fly (@The_Real_Fly) February 14, 2017

Source: CNN

Washington (CNN)Embattled White House national security adviser Michael Flynn resigned Monday night, two sources tell CNN.

His departure came just after reports surfaced the Justice Department warned the Trump administration last month that Flynn misled administration officials regarding his communications with the Russian ambassador to the United States and was potentially vulnerable to blackmail by the Russians.
The move comes less than a month into the job, making him one of the shortest-serving senior presidential advisers in modern history.

The sudden exit marks the most public display yet of disarray at the highest levels of the new administration, which has faced repeated questions over a slew of controversies and reports of infighting among senior aides during its first three weeks.

The shakeup now leaves Trump without one of his closest and longest-serving advisers. Flynn had counseled Trump on foreign policy and national security matters since early in the 2016 presidential race.

Flynn was not able to definitively refute a Washington Post story late last week that his conversations with Russian Ambassador Sergey Kislyak included communication about the sanctions. It is illegal for unauthorized private citizens to negotiate with foreign governments on behalf of the US.

The controversy intensified after the report put Pence and several senior White House advisers in an uncomfortable position, as they had denied in TV interviews weeks earlier that Flynn discussed sanctions with the ambassador. Some administration officials said Flynn must have misled Pence and others.

“The knives are out,” a White House official told CNN on Friday, noting that “there’s a lot of unhappiness about this.”

Many expressed concern at the idea that Flynn, a retired lieutenant general who headed the Defense Intelligence Agency, would discuss sanctions with a foreign official whose calls are regularly monitored by US intelligence and law enforcement agencies.

A US official confirmed to CNN on Friday that Flynn and Kislyak did speak about sanctions, among other matters, during a December call.

But after the call was made public, Pence told CBS News on January 15 that Flynn did not talk with Kislyak about the sanctions, which the Obama administration recently levied due to Russia’s alleged interference in the 2016 elections.

“They did not discuss anything having to do with the United States’ decision to expel diplomats or impose censure against Russia,” Pence told CBS News.

In summary, Trump defeated Hillary, which caused liberals to go apeshit over Russian hacking accusations, which caused Obama to levy sanctions, which caused Mike Flynn to allegedly have a discussion with Russia about this, errantly, before he was authorized to do so. Clearly, this was all semantics, but rules are rules.

In short, Obama laid the trap and Washpo executed it.

UPDATE: Popular alt right guy seems to think this is the work of Reince.

Coup! @Reince trying to get General Flynn removed. Let @realDonaldTrump know who you support https://t.co/uPGmH0QzgW

— Mike Cernovich ?? (@Cernovich) February 14, 2017

It’s a hard thing to do, be bullish in an era of blatant manipulation. Frankly, to be bullish is to be blind in this market. Literally, you have to embrace ignorance and say fuck it.

Technical analysis helps you do that, as it requires next to zero cognitive thinking.

The Bank of Japan is for top 10 shareholder in 90% of Japanese companies. And, now, thanks to QE, they own 40% of the bond market.

You do see where this is going, right? An illiquid quagmire of Kafkaesque proportions.

Source: Bloomberg

The BOJ snapped up a record 2.1 trillion yen ($18 billion) of five- to 10-year JGBs between Feb. 3 and Feb. 8 — buying on three out of four trading days. The haul, which included an emergency “fixed-rate” operation, was a record for that maturity band since Kuroda started his mega-stimulus in April 2013. The central bank stepped in after 10-year yields spiked to a one-year high of 0.15 percent, threatening to becoming unhinged from the BOJ’s target.

The new regime was also aimed at steepening the yield curve — and it has certainly done that. The premium that 30-year notes offer over 10-year debt has widened since November at the fastest pace in more than six years, reaching 82 basis points last week. That contrasts with the 50 basis point level seen when yield-curve control was introduced.

And with Japanese investors selling off Treasuries at the fastest pace since 2013, it also raises the likelihood of pension funds and life insurers, which need long-term assets to meet similar liabilities, being drawn back to so-called superlong bonds — worsening the BOJ’s potential supply constraint. Also raising stimulus-sustainability issues: banks are seen getting closer to their target limits when it comes to selling down JGB holdings.

Japan’s banks sold 141 trillion yen of government debt in the first 3 1/2 years of Kuroda’s easing, playing a key role in supplying the 298 trillion yen that the BOJ bought in the same period. Banks have just 219 trillion yen of the securities left, and they need to keep some of that to meet regulatory requirements. That all adds up to the real possibility that the BOJ will face constraints on its capacity to buy bonds.

At least a climb in yields may end the vicious cycle the BOJ was creating for itself when its actions drove rates on all Japan’s bonds to almost zero. That had raised the specter of eroding the BOJ’s balance sheet thanks to diminishing bond returns. Even so, almost a third of the bonds it owns have no income — or just pay it 0.1 percent a year in interest.

The surge in bond prices over the past four years could still create losses for the BOJ, because most of the debt it buys costs well above face value, even though face value is what the central bank will get back, because it plans on holding the securities to maturity. The looming balance sheet shortfall that creates is another of the concerns surrounding the long-term sustainability of the policy.

“The BOJ doesn’t seem to care about exceeding 40 percent, so they will maintain the pace of buying for now — though they face the prospect of running out of bonds to acquire some time next year,” UBS’s Aoki said. “Any exit from the program is a very, very long way away.”

Looking forward, it seems the BOJ can’t stop buying, otherwise it would lose control of yields while its inflation target remains far from 2 percent. Yet it can’t go on buying forever either, thanks to a lack of ready sellers. With his term due next year, Kuroda may not be around to rue his 2014 crack.

QE is financial cannibalism.

We might be due for a pullback, lads. The shills over at CNBC just published an article, rehashing month old news about uranium supply cuts in Kazakhstan and pointing out the obvious: nuclear energy is the single best, clean, source of energy. Forget wind and solar. We have the ability to split atoms, damn it — harnessing the power of physics to produce unlimited energy.

Granted, every so often our human traits leads us towards disaster and nuclear meltdowns occur. But perhaps we’ll get better lessons from the aliens next time.

Source: CNBC

“(Nuclear power) is undergoing quite a resurgence. A lot of countries are recognizing that nuclear power is the baseload supply of electricity that is emissions-free,” he added.
This is particularly in China where air pollution from coal-powered plants have become a social and political issue.

There are some 61 nuclear plants being built globally with another 150 being planned, so the demand outlook for uranium is much stronger than that for other fossil fuels, said Mark Jolley, equity strategist at CCB International Securities.
Macquarie Bank was more circumspect on the current rally, noting that the jump was from a low base as prices tanked to a 12-year low of $18 per pound low in November, with the run-up lagging gains in the energy complex.

“Uranium pricing is currently trading 50 percent of where it was 40 years ago in nominal terms – never mind adjusting for inflation. There is no other commodity for which this is true. Essentially, this has put uranium in the situation where many peer commodities were at this time last year, trading too far into the cost curve for pricing to be sustainable,” analysts wrote in a report on Jan. 20.

Even so, the Australian bank was upbeat on the outlook on confidence in the U.S., the world’s largest uranium consumer.
“With the closure of a large number of nuclear power plants announced earlier in 2016 on economic grounds, legislative actions in New York and Illinois keeping some of these open will provide both more optimism and spot market demand into 2017,” Macquarie analysts wrote.

I’m long $UEC and $URG with about 40% of my assets.

This is old, but I never read it before. This lends some color on the feud between both Cuban and Trump. Apparently, Trump has been talking extreme shit forever. Check out this letter he wrote Mark back in 2004 — after his show had been canceled.

When I read this, I actually thought it was a fake. Being in the digital publishing business, I was scared to post it without corroboration.

This will suffice.

BONUS: Letter to Jerry Seinfeld