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Monthly Archives: September 2016

America’s Healthcare System Ranked #50 Out of 55 Countries in the Civilized World

But don’t worry lads. We still have the best damned doctors in the world, for those of you lucky enough to afford them. We’ve become a have and have nots society, just like that garbage Matt Damon movie, Elysium.

The good news, we beat out Jordan, Colombia Azerbaijan, Brazil and Russia, where people are left to rot and die from the common cold. The bad news, everyone else in the world has a better healthcare system. At least in Russia, you can get the same quality, fucked up, healthcare as here — but at 1/10th the cost.

America was 50th out of 55 countries in 2014, according to a Bloomberg index that assesses life expectancy, health-care spending per capita and relative spending as a share of gross domestic product. Expenditures averaged $9,403 per person, about 17.1 percent of GDP, that year — the most recent for which data are available — and life expectancy was 78.9. Only Jordan, Colombia, Azerbaijan, Brazil and Russia ranked lower.

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Representatives Chaffetz, Gowdy Rip Into FBI Director Comey Over Clinton Emails

What more do you need to see? Comey is clearly not even thinking about upholding the law when it comes to Hillary’s emails. No one is surprised. The only startling facts is how it’s being done in broad daylight, for everyone to see. They’re putting it out there, telling everyone there is a double standard for ordinary folks vs the establishment elite. Comey is fully aware of Combettas reddit escapades and doesn’t believe them to be worthy of his attention.

Chaffetz

Gowdy

Wow.

Comey’s indignation: ‘Don’t call us weasels! We are honest people.’

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An OPEC Induced Short Squeeze Sends Shorts Reeling into the Bottom of a Well

Member of Exodus can see the actual stats.

Basic resource stocks with more than 10% of shares sold short rose by more than 5%.

and stocks with less than 10% of shares short leaped by a little more than 2%.

Here are the basic resource stocks that are most heavily shorted.

CRR, ATW, WTI, CWEI, CLF, BAS, SGY and BCEI.

These are stocks of the very lowest magnitude. I’d partake in this screen, only if I was a disheveled lunatic in search of lottery money for one of many vices — such as a narcotics or alcohol abuse addiction.

For all of the noise, markets have done a whole lot of nothing over the past few weeks.

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Nonetheless, I am constructive on the markets over the next week or so, and I stated such over the weekend. Overbought markets tend to remain overbought for a week or so, according to our data. By the middle of next week, you might want to extricate yourselves from some of the riskier positions — in order to avoid a potential blow off top.

Just my 2 cents.

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Senate Overrides Obama-Saudi 9/11 Veto; OPEC Cuts Oil Production: CRUDE SOARS!

It’s being reported that OPEC has agreed to a production freeze, starting November. Oil has exploded by nearly 6% off the news that states they will limit daily production to 32.5m bpd. Just to give you some perspective of what 32.5m bpd looks like, historically, here’s a chart of recent OPEC production.

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Does 32.5m bpd look like a harsh cut for members of the cartel? This ‘drop’ in production amounts of a mere 1 mill, a slight of hand in the big scheme of things, especially when considering we have over 550m barrels in storage and another 695m in the SPR. We are awash with crude. But fuck you very much to the House of Saud for jacking prices higher, on the same day the Senate overrode the Obama 9/11 veto.

I’m sure it’s all a coincidence.

Low brow oil stocks have exploded to the upside. Congrats to Ragin Cajun in Exodus‘ trading room for nailing the move.

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Was Hillary Clinton Sending Hand Signals to Lester Holt During Debate?

I won’t even begin to analyze this in a serious way. To me, the debate was rigged by the lack of substantive questions asked by Holt. But this is making the rounds today, supported by 4 time World Series of Poker Champion.

You be the judge.

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Serially Wrong Wedbush Analyst Doubles Down on His Bearish $GOOGL Call

I don’t intend for the following statements to be mean spirited (okay, maybe just a little), but this guy has the worst haircut I’ve ever seen. It looks like his cousin gave him a haircut with a straight razor after downing a mason jar filled with Alabama moonshine. What can I say? Wedbush is a despicable firm. If the investment banking community formed a human body, Wedbush would be its asshole.

Here’s the bad haircut guy telling you to sell Alphabet, because, by miracle, things will stop working for them.

Drivel.

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Senate Overrides Obama’s 9/11-Saudi Veto 97-1, with Harry Reid Being the Sole No

This is a major victory for justice. The U.S. Senate, both democrats and republicans alike, resoundingly crushed President Obama’s veto to permit the families of the victims of the 9/11 attacks sue the terrorists who rule over Saudi Arabia.

The sole standout was long time, and very corrupt, political hack Harry Reid.

Chuck Schumer, Senator from NY, led the way to override Obama’s veto.

“This bill is near and dear to my heart as a New Yorker, because it would allow the victims of 9/11 to pursue some small measure of justice — finally giving them a legal avenue to hold accountable foreign sponsors of the terrorist attack that took from them the lives of their loved ones.”

Obama’s argument against the bill is that it’d open up the United States to similar charges and his neocon backers felt it might be bad for the military-industrial complex.

“The consequences of JASTA could be devastating to the Department of Defense and its service members — and there is no doubt that the consequences could be equally significant for our foreign affairs and intelligence communities.”

Sen.Cornyn called Obama out on his horseshit.

“He cites concerns that the bill would ‘create complications,’ he says, with some of our close partners, but the truth is JASTA only targets foreign governments who sponsor terrorist attacks on American soil, plain and simple.”

The House of Saud and their high priced lobbyists have been working feverishly to defeat this override. But due to the proximity of the election, the measure proved to be an impossible task.

This now moves to the wholly corrupt congress, where Rep. Ryan stated that he feels they have enough votes to override President Obama’s advocacy for the House of Saud.

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Fed’s Yellen Made to Look Like a Stammering Idiot by Rep. Garrett Over Fed’s Brainard’s Ties to Clinton Campaign

THIS IS THE LEADER OF THE GLOBAL BANKING SYSTEM, a mechanized drifter who is seemingly unaware of how to properly keep her house in order. The fact that Fed’s Brainard might be actively seeking employment from a Clinton administration, while serving as a voting member of the Fed, is beyond reproach. The institution of the Fed is supposed to be above partisan politics and should never tolerate this sort of shit.

The Great Bearded Clam, Dr. Benjamin Bernanke, would’ve dropped that bitch off a rooftop for even looking at a Hillary Clinton commercial, let alone interview for a fucking job while on the Fed board.

Look at this woman. She’s completely out of her league.

 

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Mizhuo Downgrades $TWTR on Valuation, says the Company is Undeserving of Premium Bid

This is a fine day to defecate all over Twitter, following its recent run up in price. After a 45% run off the lows, the analyst community says ‘enough is enough with this Jack Dorsey horseshit, let’s all downgrade the stock together.’ And that’s exactly what’s happening now.

Mizhuo out with a note this morning, citing valuation concerns and the fact that Twitter is a massive turd, undeserving of a premium, LinkedIn style, bid.

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Former Philly Fed’s Plosser: Yellen Fed Credibility Damaged, says Fed Has ‘No Real Strategy’

Former Philly’s Fed Plosser is calling out the Yellen Fed for being inconsistent and rudderless in their official policy on interest rates. Essentially, Plosser thinks they’re a bunch of fucking morons wasting everyone’s time with abject drivel, words that are effectively meaningless that are never backed up with actions.

“They say they’re data-dependent but in September they couldn’t even point to any data that suggest they should stand pat,” he said in the interview with Jon Ferro, David Westin and Alix Steel. “That does damage, I think, to their credibility about them being data-dependent. It’s really troubling.”

Officials “have no real strategy about how they’re going to proceed, so they can’t communicate to the markets about what’s going to happen, and the markets are guessing,” Plosser said. “They’re talking like they intend to raise rates — and there’s lots of reasons why they should raise rates and they know that — but then they never act.”

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