Jim Rogers: The Fed Has No Idea What They’re Doing; ‘They’re Going to Ruin Us All’

I used to like listening to Rogers talk shit. He’s never happy about anything. I doubt his sandwiches are every made to his satisfaction and probably gets mad while drinking lemonade. But as the years pile on and his bitterness takes on a mechanized moroseness, I find myself feeling sorry for the old bow tie.

After all, he’s was the brains behind George Soros and look at how well George has done without him, literally ruling the world. And what has Jim done with his life since then?

He’s managed to leave America to live in Singapore so that his kids could learn to speak mandarin and he wastes away talking to meaningless people in the media about how awful the Federal Reserve is — borrowing from the same script for over a decade now.

MUST WATCH! ?

The Fed is "going to ruin us all," veteran investor Jim Rogers says… ?pic.twitter.com/5qThxFty9E

— NIRP Umbrella (@NIRPUmbrella) March 29, 2017

SAD!

This was making waves yesterday, after Evelyn Farkas admitted to Mika from The Morning Joe show that she strongly advised people ‘on the hill’ and in our intelligence agencies to tuck away intelligence regarding Russo-Trump ties for the sake of preservation, in an effort to protect it from the onerous bureaucracy she obviously finds to be deplorable.

Former Obama DoD Deputy Evelyn Farkas reveals White House gathered intel on Trump campaign staff and then leaked it! https://t.co/W6FG4IFe5Q pic.twitter.com/VwaF2CnZzn

— ZeroPointNow (@ZeroPointNow) March 29, 2017

“Get as much intelligence as you can before President Obama leaves the administration,” said Farkas in an interview yesterday on MSNBC.

She was afraid the Trump people would gain access to their intelligence and whisk it away — because they’re all Russian spies, obviously.

Aside from what appears to be a brazen confirmation of spying on the Trump team, the bigger red flag here is Dr. Farkas wasn’t employed by the Obama administration at the time the Russian allegations arose.

According to Pentagon records, Dr. Farkas resigned in September of 2015.

So how did this non-resident fellow at the Atlantic Council, member of the Council on Foreign Relations, and former deputy assistant secretary of defense for Russia, Ukraine and Eurasia, gain knowledge of intelligence regarding members of Trump’s team and their relations with Russia, when she was the senior foreign policy advisor for Presidential candidate Hillary Clinton?

Farkas was the prime driver behind the anti-Russia phobia inside the Pentagon during the Obama years — shilling hard for the Ukraine — requesting that the President send them anti-tank missiles — which, essentially, would mean outright war with Russia.

Back to the interview with Mika Brzezinski. Dr. Farkas said ‘we’ had good intel on Russia. Who does she refer to when she says ‘we?’

Professional Deep Stater, Dr. Evelyn Farkas, Globalist Shill

Here’s Mark Levin’s take on this scandal.

Perhaps someone inside the Obama government was leaking to the Hillary campaign?

I think we all know what the answer is to the rhetorical question.

For the first time in years, it looks like the shippers are finally going to bust loose — thanks to renewed optimism in China. Just the other day, Morgan Stanley upgraded the sector — fueling a short squeeze that laid waste to bears in a sundry of downtrodden shippers.

This is a general update, a quick rundown if you will, about the day rates in America’s most hated sector.

Behold the breakdown of prices amongst classes.

Lastly, the sector has been a recipient of fast money traders this year — bidding up low float China related stocks — because it’s fun.

$SBLK +128%
$SB +106%
$SALT +82%
$GNK +66%
$DSX +58%
$NMM +50%
$NM +34%

On the tanker side, $NVGS, $GNRT and $GLNG are the leaders.

The controversial DRYS is down by a mere 94% for the year.

Ivanka Trump has made it official. Not only is she taking up residence in the White House with her husband, Jared Kushner, helping to make America great again — she’s also now a government employee. Due to her immense wealth and gracious manner, she will donate her time and skillsets to the American people — as an assistant to the President — free of charge.

Her statement.

“I have heard the concerns some have with my advising the president in my personal capacity while voluntarily complying with all ethics rules and I will instead serve as an unpaid employee in the White House office, subject to all of the same rules as other federal employees.”

It’s important for Ivanka to gain government experience now — for in 8 year she’ll be running for President of the United States — becoming the first female to ever hold the office in this magnanimous nation. Aside from breaking through the gender barrier, she’ll also be extending the Trump dynasty — a modern day monarch opposed to globalist shills and unamerican activities.

Say it with me, Madame President.

You didn’t think this was going to be our first female President, did you?

What the fuck? Who takes a hit like that can keeps his job?

Bill Ackman got fucking graped in $VRX, losing upwards of 95% on his investment for his friends and colleagues. Ergo, he’d like to apologize for the small set back.

“We deeply regret this mistake, which has cost all of us a tremendous amount,” he wrote.

“My approach to mistakes is that I personally assume 100 percent of the responsibility on behalf of the firm,” said Billy in his annual letter to clients on Wednesday.

Essentially, a website named after a fruit destroyed him — top down. Even if he regains his wealth, he’ll never recover his confidence. In that regard, the old Ackman who’d splayed himself across Wall Street — BARED NAKED — is gone.

Ackman is down 2.5% for the year — but promised a quick recovery.

What else is new?

It’s a Canadian company. What did you expect, long term growth? No, that’s not how the world works. Canadians come up with great ideas and then their American brothers take those ideas and make them better, rendering the old legacy shit in Canada obsolete.

$LULU just came out with numbers and they were abysmal. It’s over faggots. Stop shopping at LuLuLemon right now. No one likes that shit anymore.

Reports Q4 (Jan) earnings of $1.00 per share, $0.01 worse than the Capital IQ Consensus of $1.01; revenues rose 12.0% year/year to $789 mln vs the $783.32 mln Capital IQ Consensus.
Comp Store Sales increased 6% y/y, gudiance was for mid-single digits.

Co issues downside guidance for Q1, sees EPS of $0.25-0.27, excluding non-recurring items, vs. $0.39 Capital IQ Consensus Estimate; sees Q1 revs of $510-515 mln vs. $552.44 mln Capital IQ Consensus Estimate.

See Comp Sales decrease in the low single digits.
Co issues downside guidance for FY18, sees EPS of $2.26-2.36, excluding non-recurring items, vs. $2.56 Capital IQ Consensus Estimate; sees FY18 revs of $2.550-2.600 bln vs. $2.62 bln Capital IQ Consensus Estimate.

Expects Comp store sales increase in low-single digits

Shares are sliiiiiiiding in the after hours, moron style.

Look, the mall is dead. That’s all there is to it. Women like yoga pants, but not for $100. Any man shopping at LULU isn’t really a man, insofar as he is a manlet, undeserving of being assigned a gender.

I know this is hard for some of you leafs to understand, but your country was founded by losers, men who bet against destiny and made the worst trade in the history of mankind. It’s in your genes for you to lose. Find solace in knowing that you never had a chance.

*** NOTE TO MEMBERS OF Exodus: The Option Addict will be joining the Pelican Room for all of April ***

It’s not even a maybe at this stage in the oil story. With Saudi Aramco scheduled to IPO at a $1 trillion valuation, there’s too much at stake here than to let a bunch of losers dictate the direction of prosperity.

Oil had been in a bear market. All of that has ended now, only good times ahead — fuckers.

Frac sand plays like $SLCA, $EMES and $CRR are definitely in play here. Personally, I’m thinking ahead and would rather play a the plastics, via $WLK, who used natural gas to produce its products and not expensive crude. The subsequent result of much higher crude prices is greater demand and pricing power for WLKs many products.

Markets should proceed higher, regardless of what the Fed heads say. I’d be wary about following this rally into summer. But we’re just getting done with March now and there’s a thing least 2 months left of market greatness to behold.

Today’s top plays were in retail and basic materials, the two sectors that were hit the hardest. Short squeezes are coming up.

Fed’s Williams joins Rosengren and Evans in the belief that we’ve accomplished what we’ve sought out. It cannot get any better than this. Ergo, it’s now time to slow the economy down now. God forbid we permitted it to overheat and to grow more than 2% per annum.

In his own words, Fed’s Williams said that by lifting rates, we could “prevent the economy from overheating… I would not rule out more than three increases total for this year,” Williams told an economists’ club in New York.

“With an economy at full employment, inflation nearing the Fed’s 2 percent goal, and the expansion now in its eighth year, the data have spoken and the message is clear: We’ve largely attained the hard-sought recovery we’ve been after for the past nine years,” added Williams, who is close to Fed Chair Janet Yellen and who regains a vote on the Fed’s policy committee next year under a rotation.

Get ready for lots of hikes, irrespective of the data you stupid shit. The Fed knows best.

I think it’s fairly obvious what the Fed is trying to do here. They purposely tanked the economy under Bush and now they’re doing it again with Trump.

Following 8 years of unprecedented central bank easing, all of a sudden, amidst barn burning 1% GDP growth forecasts, the Federal Reserve is hawkish, to a ridiculous degree.

Boston’s Fed’s Rosengren, a non voting member on the board this year, said in a speech today he’d like to see a rate hike ‘at every other meeting’ this year.

Neither inflation or GDP expectations are growing beyond trend. I’d like to know how he could justify such tightness.

“Importantly, this would still be a fully data-dependent approach, not a preset path, as it would hinge on the incoming data — but the base case would be four tightenings, reflecting the strength of the economy that I believe justifies more regular normalization of interest rates,” Rosengren said, according to a text of a speech he was to deliver Wednesday morning to the Boston Economic Club.

Amongst his chief concern is getting ahead of a ‘potentionally overheating economy.’

Since when is productivy at 35 year lows and GDP of 1% considered overheating, especially in an economy that is consumer strapped?

“If the economy runs too hot, it could ultimately require a less gradual monetary policy adjustment – which could potentially place at risk the significant progress the economy and labor market have made since the Great Recession,” he said.

In a separate speech today, Fed’s Evans also alluded to 4 rate hikes for 2017, data permitting of course.

The market is reacting by buying bonds, pricing in crazy at the Fed.

These people need to be stopped before they destroy us all.

What we do in Exodus isn’t complicated. We rank stocks by both their technicals and fundamentals, using an algorithm that we created — which took 9 months to develop. After being satisfied with the rating system, we then began to collect the data for the purposes of analyzing it.

I did not go into Exodus, which was then called The PPT, thinking that I could develop some sort of predictive algorithm that was going to help me predict the future. That’d be crazy, right?

But then I started to see patterns develop, so we began charting the extreme ranges for the overall system, later breaking them down by sector and over 200 industries, further developing the algorithms to encompass various time frames in order to allow the system to breathe and learn the market as it changed.

We do not pretend to know precisely when a stock, a sector, an industry, or the overall market will bottom or stop going up. But we have big datasets that are analyzed that can provide you with a reference point, backed up by trasparent win/loss rates.

Case in point, retail stocks are raging higher today, partly thanks to $RH.

Just last week, the algorithms that we employ for the services sector and department stores hit an annual low. An enterprising trader might’ve seen that and said enough is enough and stepped in.

Apparel stores

And here are the standouts. Big movers.
$M, $DDS, $RH, $SHLD, $EXPR, $LE, $BKE, $ANF, $PIR.

Last week, the entire system flagged Oversold for the first time in 9 months, sporting a hit rate of 86% over 5 days. Basic materials were most depressed and Oversold, which I saw why I went all in on $WLK, even before the system flagged oversold.

Expect more upside, followed by an easing of the gains. The fast money will be made now.