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Morning Joe Panel Melts Down After July Fundraiser Data Shows the RNC is Crushing the DNC

The Morning Joe staff have been energetically suggesting the Trump presidency would mark an end to the Republican Party as we know it.

Just before the recent elections, which demonstrated widespread support for the GOP, former republican, Joe Scarborough predicted widespread losses for the party of Lincoln.

After the exact opposite occurred, Joe took to the teevee in shock — hemming and hawing about how America could still vote for the party of Lincoln, in spite of Trump.

Today, July fundraising data showed the RNC absolutely crushed the beleaguered DNC, prompting Joe to find religion as to why this is happening. He concluded that ‘identity politics’ was hurting the DNC, which drew the ire of Share Blue, the DNC backed propaganda arm responsible for spamming conservative websites with pro DNC messages.

Watch the Morning Joe panel lament over the utter and complete failure of the DNC to capitalize on Trump’s White House discord — pointing to the fact that recent polling shows republican candidates pulling ahead of democrats, out-raising them by 3 to 1.

Joe just doesn’t understand how the DNC keeps losing.

“Maybe they (DNC) can retake the house in 2018 with a completely inept message.”

And here was Joe’s twitter screed, lecturing the democrats on how to beat his former party.

Explain how this is happening, democrats?

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Goldman’s CEO Declares War on Trump, Via Twitter

This wasn’t uncommon during the Obama era, where CEOs like Steve Wynn would regularly defecate all over his Presidency. Back then the country was scared that Obama was a secret Muslim agent, sent from Kenya in tow with a ‘fake as fuck’ birth certificate — hellbent on destroying American. Today, we merely have to deal with a mentally addled orange gorilla who wants nuclear war.

Goldman’s Blankfein, boldly, takes a passive-agressive step towards full revolt at House Goldman.

Take notice.

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And there is nothing you’re gonna do about it. The right wingers are ineffectual cowards, complaining by way of keyboard — permitting scum to traverse the country ripping down historical markers.

Everyone knows Columbus was a psychotic. The things he did in Hispaniola were reprehensible and earned him some gaol time. However, scum bag or not, he was instrumental in permitting Europeans conquer the Americas — cleaning the continent of inferior savage animals — paving the way for grande capitalism and MUH democracy through military means.

Now that it’s open season for racist as fuck Confederate statues, a manlet with a sledgehammer mimicked the Taliban in destroying a perfectly fine 225 year old obelisk dedicated to Columbus.

“Christopher Columbus symbolizes the initial invasion of European capitalism into the Western Hemisphere. Columbus initiated a centuries-old wave of terrorism, murder, genocide, rape, slavery, ecological degradation and capitalist exploitation of labor in the Americas. That Columbian wave of destruction continues on the backs of Indigenous, African-American and brown people.

“Racist monuments to slave owners and murderers have always bothered me. Baltimore’s poverty is concentrated in African-American households, and these statues are just an extra slap in the face. They were built in the 20th century in response to a movement for African Americans’ human dignity. What kind of a culture goes to such lengths to build such hate-filled monuments? What kind of a culture clings to those monuments in 2017?”

Here is the footage.

Lads in Detroit protested a Columbus statue this weekend, claiming “He’s a central central narrative to white nationalism.”

Interestingly, none of this spontaneous outrage occurred under Obama — because the left is in charge of the streets and have been organizing to foment discord for decades. Prove me wrong.

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Chinese Burrito Lottery Stocks Break Out While America Was Looking at the Eclipse

I feel this will go down as one of the pivotal days in Chinese history — the day the burritos ran for honor and glory whilst all of America was busy looking at the total eclipse, inflicting permanent retina damage to their eyes.

In a seemingly do nothing session, Chinese stocks, aggressively, moved higher — with both alacrity and purpose.

Shares of WUBA are leading the way, thanks to better than expected earnings.

Other stocks higher by more than 3% for the day include: JRJC, CCIH, ATV, KONE, SGOC, OSN, CCRC, NFEC, CNIT, SPU, JOBS, HPJ, CHU, GSH, CTRP, BSPM, CHNR, HTHT, TEDU, CEO, YY, BYDDF and CADC.

It’s a rather extensive list. I know. As for the reason for the sudden breakout, one could only speculate. One thing is for certain, shares of BABA, now a $400 billion monster, is paving the way for the rest of these scoundrels — readily and consistently outperforming in a market that ceases to go down.

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The Dollar Index Breaks Down to Key Support Level

Get your crayons out and draw a straight line across the middle of this chart. Notice the present level had represented support on 3 prior occasions?

Quick question: If the dollar hadn’t been this weak during 2017, where would oil be trading today? There’ s a theory out there that the weak dollar is the glue holding things together. Thank God for gigantic terrorist attacks in Europe, deterring me from wanting to travel to Europe. I will never, ever, visit Europe with my family. It has become an unpredictable cesspool of totalitarianism, deserving of a widespread popular revolt.

Markets have rebounded from this morning’s drop. But don’t get excited, since the utes are leading the way.

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REMINDER: The Market is Going to Crash

The word ‘crash’ is a very strong word. It evokes all sorts of emotions in traders. Since we hear it so often by people clamoring for agony, we are programmed to dismiss it and laugh upon hearing it. However, it’s going to happen, one way or another. This market is destined to careen, mind you, through the floor boards and into the black abyss of nothingness — regaled by demons as a necessary evil to expunge the Orange Orangutan posing as our President.

The writing is all over the wall. You’d be wise to avoid trading during the month of September and early October.

Early going, losses are being evenly shared, with strength found in the most defensive sectors, such as REITs, gold and bonds. The FAANG trade continues to weaken, absorbing another 0.75% decline. This is a slow motion train wreck, being led lower by lack of enthusiasm and the fact that none of Trump’s glorious plans for the economy will come to fruition.

Theoretically, all of the gains shall be washed away, and more. A total and complete revocation is in order — with only bonds and gold to serve as a safe haven from the pangs of misery and absolution.

I so happen to be crash proof at the moment, 30% GLD/TLT and 20% cash. I welcome the aforementioned disaster and say this as a member of society who endeavors to live in peace and harmony. We’ve grown lazy these past 5 years, always preferring the short cuts — living in decadent and obscene nests adorned with items deserving of a popular revolt execution. While the people starve and scrounge around for scraps, poisoned by industrialists and robber barons, the investor class lives large and greedily takes more — in a manner that only a true caitiff and perfidious devil could appreciate.

“The Fly” stands ready for some old fashioned fire and brimstone, biblical austerity that will place the fear of God back into the hearts of cold men. Plus, I’m also interested to see how my new algorithms in Exodus perform.

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My Recap of Game of Thrones, Season 7, Episode 6 (filled with spoilers)

So the dragon got killed, which was leaked online a few weeks ago by hacker fuckheads. How is that going to work? Will the dragon kill with fire or ice? I imagine it would be ice.

Also, what is Cersei’s end game? Clearly, she has no choice but to agree to fight the dead. But when will she betray the Mother of Dragons and try something diabolical?

From what I’ve gathered so far, and I do consider myself to be the absolute authority on teevee shows, having seen more shows and films than most of you combined, I do believe the final battle will be in King’s Landing, with the boss as fuck Night King descending upon the living like a scourge of nightmarish proportions.

Jon Snow and Mother of Dragons will hook up. That much is obvious. However, I do not see them living very long, since they’re both suicidal maniacs whose entire purpose in life is to make life better for others and not themselves. We see the writers are dropping hints already, such as Tyrion worried about who would be her successor in the event of an untimely death.

It would be fitting for Theon to somehow make his way to the Iron Throne, a bedraggled man who has known nothing but cowardice. But fans would be livid. Personally, I’d like The Hound to win it all, sit on the fucking throne, eating all the chickens — married to Arya. I don’t think Little Finger’s role on the show will last much longer, since he’s likely to attempt to convince Sansa that Arya should be killed. Arya is likely waiting for a plot like this to occur, which will backfire and incidentally cause the deaths of both Sansa and Little Finger.

I do pray that Arya will get to wear Sansa’s face, in order to kill Cersei.

Also, The Mountain is on Arya’s kill list. Wouldn’t it be cool if Arya could face and kill The Mountain in a ‘trial by combat’?

I’m pretty sure next episode will be a lovefest between former enemies, setting up for a momentous ending to this amazing show.

BTW: What do you think will happen to Ellaria Sand (the woman chained to her daughter inside Cersei’s cellar)?

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Axios Sources Claim Trump’s Cabinet Not Resigning In Order to Kill Trump’s Agenda

The former Politco shills didn’t word it that way. But that’s exactly what their sources are claiming they’re doing — protecting the American people from the very policies that got Trump elected.

The big question in the media today is why haven’t Rex Tillerson, Steve Mnuchin, Dina Powell, and others, not quit the White House yet, in bed and league with someone as awful as Trump.

Their answer, according to Axios: to protect America from the ‘crazy’ things that Trump wants to do.

Source: Axios

So why do the others stay? We talked to a half dozen senior administration officials, who range from dismayed but certain to stay, to disgusted and likely soon to leave. They all work closely with Trump and his senior team so, of course, wouldn’t talk on the record. Instead, they agreed to let us distill their thinking/rationale:

“You have no idea how much crazy stuff we kill”: The most common response centers on the urgent importance of having smart, sane people around Trump to fight his worst impulses. If they weren’t there, they say, we would have a trade war with China, massive deportations, and a government shutdown to force construction of a Southern wall.

“General Mattis needs us”: Many talk about their reluctance to bolt on their friends and colleagues who are fighting the good fight to force better Trump behavior/decisions. They rightly point out that together, they have learned how to ignore Trump’s rhetoric and, at times, collectively steer him to more conventional policy responses.

“Trump’s not as evil as portrayed”: All of them talk up the president as more reasonable off Twitter and TV than on it. This gives them hope (though almost all increasingly say it’s fleeting hope) he will listen to his better angels, or at least the pleas of Ivanka.

“We like the power”: Well, no one comes out and say it this blatantly. But working in the White House, even this one, is intoxicating and ego-stroking. They have enormous say over regulations and rules, invites and implementation, government jobs and access to the Oval. They also know they are one step away from an even bigger job in government, so it’s hard to just walk away.

In short, this is Trump’s fault, not his cabinet’s. I hear too many people blaming Trump’s cabinet for messing with his agenda. A true executive delegates and isn’t led around by the nose from underlings. Enough of victimizing poor Trump, surrounded by deep state shills. He fired the one guy who created his populist agenda, Bannon.

Like I said before, if it looks like a duck and quacks like a duck…

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Sneakerheads have been destroyed, finally.

Last year I discussed a generational short surrounding around the idea that demographic trends do not correlate with $200 sneakers. Companies like $FL and $NKE have been stealing from people, more so than ever, for the better part of the past 30 years — retailing cheaply made sneakers for hundreds of dollars to an client base that car scarcely afford it.

This was the crux of my idea — short FL.

This company caters to an urban audience, whose median incomes have gone nowhere over the past decade. However, the price for their ridiculous, made in a Vietnamese Thai sweatshop, sneakers have soared. Some of these rubber shits sell for upwards of $200 now. It doesn’t take a genius to figure out this dichotomy between price point and target customer is unsustainable.

Since 2012, the market has assigned a very premium valuation to FL, more than 40% higher than historical averages. Yet, looking at today’s earnings, growth is slowing.

These chickens came home to roost on Friday, with a disastrous 28% decline in the shares of FL.

Foot Locker (FL -27%) is getting crushed after reporting a dismal quarter and guidance for the rest of the year. Adjusted earnings fell 34% to $0.62/share as comps fell 6% during the second quarter versus guidance for a low-single digit increase. May comps fell in the low-single digit range and June and July comps fell in the mid-to-high single digits. This was the first negative comparable store sales from the company since 2009.

After claiming a niche with ‘sneaker heads’ and posting impressive same-store growth for many years, reduced traffic at malls has finally caught up to the company.

“While we believe our position in the market for premium sneakers remains very strong and our customers continue to look to us for compelling new athletic footwear and apparel styles,” said Richard Johnson, Chairman and Chief Executive Officer, “sales of some recent top styles fell well short of our expectations and impacted this quarter’s results. At the same time, we were affected by the limited availability of innovative new products in the market.”
Management said that it is still well positioned as the market leader in premium footwear and probably still gaining market share. The company does not believe vendors selling ‘lower priced’, ‘un-differentiated’ shoes on Amazon (AMZN) are a big threat because FL is at the high end of the market. Exclusive releases are an important competitive advantage.

Still, investors have reason to be concerned because Foot Locker’s biggest vendors: Nike (NKE), Adidas (ADDYY) and Under Armour (UAA) are all ramping efforts to sell direct to consumers (DTC) on their own websites.
Foot Locker said the Jordan brand slowed considerably during the quarter. That was the first time we can recall anything negative uttered by FL about the Jordan brand, which has been a cash cow for Nike.

Foot Locker guided EPS for the second half of the year down 20-30% year-over-year with comps down 3-4%. Estimates had called for EPS growth in the low to mid-teens and comp growth north of 3%.

Footlocker just found out the fact that ‘sneaker heads’ do not have unlimited resources and can barely afford their opulently priced footwear, especially with wages going nowhere for middle class normies.

The stock was downgraded across the board. Well Fargo lowered the estimate to $37.

Here’s more details on the quarter.

Foot Locker On Call sees second half EPS -20-30% vs prior expectations of +13% (47.70)
Sees Q3 gross margin down 230-250 bps to 31.4-31.6% vs. 33.8% consensus; Q4 down 150-170 bps to 32.0-32.2 vs. 33.8% consensus

In North America, Sell- thrus of Jordan models ‘slowed considerably’ compared to historical rates
The co had planned for Adidas superstar and Stan Smiths sales to be down ‘substantially’ in Europe, but says this market declined even more than expected

Doesn’t feel like they are losing market share in athletic apparel

Expects some of the trends in Q2 to persist through the remainder of the year

Cites store events, customer experience/interaction w/ retail associates, and ad placement/notification as reasons it does not believe its vendors selling product directly on Amazon is an imminent threat.

Says for lower priced, largely undifferentiated product’, amazon (AMZN) and other retailers are taking market share

Foot Locker on call

Jordan (NKE -4%) slowed considerably in North America

Valuation wise, the company isn’t too overpriced anymore, compared to historical trends. A 50% drop over the past year, with flat sales, tends to have a corrective affect on overvaluation. Currently, the company is valued at 0.81 on a price to sales basis, slightly above the 0.70 historical median. When I penned my short idea last year, the price to sales ratio was 1.30.

Other sneaker retailers, more affordably priced, include GCO (0.18), FINL (0.26) and SCVL (0.29).

This was the last bastion of retail unfazed by the depression sweeping across the retail landscape in America. In 20 years from now, it looks like all of these stores will be Amazon depots, or repair shops for Amazon delivery drones. There is absolutely nowhere to hide in retail, a fact that has yet to affect the market and the economy.

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CNN Reveals Gameplan: Remove the President Under the 25th Amendment for Being Mentally Ill

Back in July, Fox News columnist, Steve Kurtz, asked the question regarding the 25th amendment: Constitution or Coup? But that wasn’t the first time the 25th amendment was mentioned by democrats. They’ve been pining to use it to remove Trump from the day he took office.

Since the events in Charlottesville, this narrative has exploded inside the media, with one story after the next calling for the removal of the President under the terms of the 25th amendment.

Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Here is a collogue of media headlines, asking whether America should remove its President in less than 1 year from being elected. This is just a sample. I could’ve posted dozens of headlines if I wanted to.

Defenders of Trump will point out that his behavior has been consistent over decades and what you’re seeing now is merely a continuation of his eccentric demeanor. In a CNN program this morning, CNN’s Brian Stelter, joined by WaPo’s Carl Bernstein and two other Never Trumpers, asked whether the President should be removed from office using the 25th amendment. Bernstein said it should be the primary goal of the media to get republicans on the record calling for his removal, emphatically believing the President was mentally ill.

Stelter posed the question to his audience: “Is the President of the United States a racist? Is he suffering from some kind of illness? Is he fit for office? (feigns fake concern) And if he’s unfit, then what?”

In summary, Trump could not win the election — because he was a joke. Trump ended up winning, but only thanks to Russian hackers. Since Trump was helped by Russian hackers, he must’ve colluded with them. If Trump colluded with them, he should be impeached (cue Muller). Since the Mueller investigation is taking forever, let’s remove him for daring to suggest that ANTIFA thugs, who regularly beat up people for exercising free speech, were bad actors.

Notice how Stelter posed his multi-tiered question, leading with ‘Is Trump a racist?’ Get the audience to first agree to something they’ve been programmed to believe, and then the rest will fall into place — sales 101.

In short…

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