Shut the fuck up. It’s good news. The Dow is gonna hit 20,000 before year end and we’re all gonna get wasted and then crash our snowmobiles into a fucking vat of WTI crude oil and blast off to the sun.
The borrowing cost for the United Steaks is skyrocketing and the market loves it, because Trump. What markets are really celebrating is the fact that high borrowing costs will fuck Trump so hard he’ll be left with pennies to play with after Wall Street is done with him.
What fiscal stimulus with $20t in debt and skyrocketing yields? Have you people lost your collective minds?
If I would’ve told you that the 10yr would jack higher by 100 god damned basis points in a period of 2 months and the market would love it, you’d kick me down a flight of stairs and then break my head in two, or at least try, wouldn’t you?
Lo and behold: GOOD FUCKING NEWS.
All of my bond gains are fucking poof’d, gone, like cigarette vapors. It was a nice trade while it lasted. I had the biblical ark going good and fast, navigating the choppy seas like a champ, up until the moment when a giant vampire squid slapped the shit out of my vessel and CRACKED IT ASUNDER.
We’re all a bunch of assholes trying to fuck one another. It’s really hard to do, trust me. By year end, I’ll clear this crap out and start anew, easy come, easy go.
One thing is for certain, in 2017, I’ll be aggressive like a rabid dog chasing after mailmen. I won’t permit myself to miss out on anything ever again.
The F-35 is the most expensive military project in the history of mankind. Thus far, it is $163b above budget and 7 years late. By the time the U.S. and its allies take possession of the last plane, which is scheduled for 2040, the project would have cost upwards of $1.5t.
Each plane will cost around $100m and the current price tag is upwards of $400b.
Welcome to the military industrial complex.
Trump called out $LMT for their insolence, in a public shaming this morning. Shares are sinking, as a result.
The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th.
It looks like John Kerry’s tenure as Secrety of State will be tombstone’D with this utter and complete disaster in Syria, by backing rebel forces, aka terrorists, against the Russian backed Syrian government — in a feeble attempt to uproot the Assad regime.
Not only does the loss of Aleppo make Kerry look like a complete jackass, it also serves to humiliate the United States on the world stage by taking on Russia in a proxy war and losing, badly.
“The battle in eastern Aleppo should end quickly. They (rebels) don’t have much time. They either have to surrender or die,” Lieutenant General Zaid al-Saleh, head of the government’s Aleppo security committee, told reporters in the recaptured Sheikh Saeed district of the city.
“The situation is extremely difficult today,” said Zakaria Malahifji of the Fastaqim rebel group fighting in Aleppo.
The rebels’ sudden retreat represented a “big collapse in terrorist morale”, a Syrian military source said.
Syrian President Bashar al-Assad, backed by Russia, is now close to taking back full control of Aleppo, which was Syria’s most populous city before the war and would be his greatest prize so far after nearly six years of conflict.
The Russian Defence Ministry said that since the start of the Aleppo battle, more than 2,200 rebels had surrendered and 100,000 civilians had left areas of the city that were controlled by militants.
“People run from one shelling to another to escape death and just to save their souls … It’s doomsday in Aleppo, yes doomsday in Aleppo,” said Abu Amer Iqab, a former government employee in the Sukkari district in the heart of the rebel enclave.
The Syrian army is backed by Russian war planes and Shi’ite militias supported by Iran. The mostly Sunni rebels include groups backed by the United States, Turkey and Gulf monarchies as well as hardline jihadists who are not supported by the West.
There it is. In this case, the media would be correct in saying ‘the Russians did it.’
In a Sunday interview with Chris Wallace, President elect Donald Trump did the unthinkable: he refused to cow tow to the One China policy, drawing a hard line in the sand with China that resulted in harsh rebuttals from both Chinese government officials and state run media.
Trump said, “I fully understand the ‘One China’ policy, but I don’t know why we have to be bound by a ‘One China’ policy unless we make a deal with China having to do with other things, including trade.”
This, coming after Trump dared to pick up the phone to receive congratulations from Taiwan’s democratically elected leader, President Tsai Ying-wen, has Chinese officials throwing temper tantrums.
Source: Financial Times “Adherence to the One China policy is the political bedrock for development of [bilateral] relations,” Geng Shuang, a foreign ministry spokesman, said on Monday. “If compromised, there will be nothing to discuss on co-operation in major fields.”
Mr Trump’s remarks dramatically upped the ante with Beijing just a week after he broke diplomatic precedent by accepting a phone call from Taiwan’s leader, Tsai Ying-wen.
Both incidents have sorely tested the Chinese government’s patience. “We urge the new [US] leadership to recognise the sensitivity of the Taiwan question and to deal with it in a prudent manner,” Mr Geng said. “Upholding the One China policy was America’s promise and we want them to fulfil this promise.”
Chinese state media shills, Global Times, weren’t as tactful with their statements.
Source: Global Times China
On Sunday, US President-elect Donald Trump made some surprising remarks about the Taiwan question again. When interviewed by the Fox News network, he said, “I fully understand the ‘One China’ policy, but I don’t know why we have to be bound by a ‘One China’ policy unless we make a deal with China having to do with other things, including trade.” From these remarks, Western media believes that Trump may use the policy to force China to make a compromise on trade.
It seems that such an analysis is credible. During a phone call with Taiwan leader Tsai Ing-wen, Trump called Tsai “Taiwan President,” making many people suspect that the businessman-turned US President-elect will use the One China policy, the cornerstone of Sino-US relations, as a bargaining chip to peddle America’s short-term interests.
With Trump’s new remarks on Taiwan, many people marveled at Trump’s commercial thinking and naivety for diplomacy. The One China policy has gone through the ages since the Richard Nixon administration. In addition, the policy has become a fundamental principle of international order. Leaders all around the world, including US leaders, understand the importance of the policy.
The One China policy is not for selling. Trump thinks that everything can be valued and, as long as his leverage is strong enough, he can sell or buy. If a price can be put on the US Constitution, will the American people sell their country’s constitution and implement the political systems of Saudi Arabia or Singapore?
Trump needs to learn to handle foreign affairs modestly, especially the China-US relationship. More importantly, a hard struggle against Trump is needed to let him know that China and other world powers cannot be easily taken advantage of.
If Trump gave up the One China policy, publicly supported Taiwan independence and wantonly sold weapons to Taiwan, China would have no grounds to partner with Washington on international affairs and contain forces hostile to the US.In response to Trump’s provocations, Beijing could offer support, even military assistance to US foes.
The One China policy has maintained peace and prosperity in Taiwan, and, if abandoned, cross-Straits ties would see a real storm. China would introduce a series of new Taiwan polices, and may not prioritize peaceful reunification over a military takeover if Trump insisted on his provocations. The US has no control over the Straits, and Trump is naïve to think he can use the One China policy as a bargaining chip to win economic benefits from China.
Eventually, those who advocate Taiwan independence will tremble. Taiwanese authorities may regret to being a pawn of Trump and his radical policies. And Tsai will refuse to answer Trump’s call some day. Nothing is impossible if the Trump administration goes too far.
In the meantime, it’s very likely that Trump may not have put too much thought into it. He is no geopolitical maniac, but just has little experience in diplomacy. He doesn’t understand how dangerous it can be when he involves the US in such an explosive game. After all, this requires some personal experience.
Given his inexperience, Trump is easily subject to the hawkish advisers around him. He assumes whatever he says doesn’t matter before he takes office. We will learn more about how he interprets the One China policy after he is sworn in. Meanwhile, China needs to be fully armed and prepared to take a Sino-US rollercoaster relationship together with Trump. And many others in the world will probably also need to fasten their seatbelts.
Such advice should’ve been offered to Chinext investors today, as that tech heavy index plunged by 5.5% — hitting 5mo lows.
The Shanghai was plucked for 2.5%.
And the yuan continues its slow march lower — fast approaching the all important 7 to the dollar level.
I noted the pivot in tone coming from Mika, whose Father is Zbigniew Brzezinski — one of the leading new world order architects in the country for the past 50 years. Now she’s out with rhetoric claiming that during the campaign the Clinton camp called up MSNBC to get her pulled off air because of criticisms she lodged against them.
Whether it’s true or not is completely irrelevant. The point here is the hard core democrat globalists have abandoned Clinton, at an interesting time considering all of the nonsense floating around regarding Russian hacking and Putin interference on behalf of Trump.
Apparently, the House of Saud and Russia are scheming about new ways to buoy the price of crude — including reducing production below levels agreed upon on 11/30. As such, the price of crude has exploded to the upside — rising as much as 5.5%.
“I can tell you with absolute certainty that effective Jan. 1 we’re going to cut and cut substantially to be below the level that we have committed to on Nov. 30,” Al-Falih said Saturday in Vienna. The Saudi minister added that the country was ready to cut below 10 millions barrels a day, a level it has sustained since March 2015.
Al-Falih and his Russian counterpart Alexander Novak also revealed Saturday they have been working for nearly a year on the agreement, meeting multiple times in secret. OPEC two weeks ago agreed to reduce its own production by 1.2 million barrels a day, and Saudi Arabia has long insisted that any cuts by the group be accompanied by action from other suppliers.
Couple this with the fact that the CEO of Exxon fucking mobile is likely to become our next Secretary of State, there is a bullish fervor in the crude markets now — just in time for the holidays.
It’s happening. After careful analysis of all the media punditry and the ‘leaks’ coming out from the CIA, I can only conclude that there is a concerted effort taking place to invalidate the U.S. elections, in an effort to unseat Donald Trump.
Last night the Washington Post reported a leak from inside the CIA, saying they had a report that showed evidence that Russia hacked the elections in order to elect Donald Trump. They’re being very specific about that point. Pay attention.
Source: Reuters
The CIA has concluded that Russia intervened in the 2016 election to help President-elect Donald Trump win the White House, and not just to undermine confidence in the U.S. electoral system, the Washington Post reported on Friday.
Citing U.S. officials briefed on the matter, the Post said intelligence agencies had identified individuals with connections to the Russian government who provided thousands of hacked emails from the Democratic National Committee and others, including the chairman of Hillary Clinton’s presidential campaign, to WikiLeaks.
The officials described the individuals as people known to the intelligence community who were part of a wider Russian operation to boost Trump and reduce Clinton’s chances of winning the election.
“It is the assessment of the intelligence community that Russia’s goal here was to favor one candidate over the other, to help Trump get elected,” the Post quoted a senior U.S. official as saying. “That’s the consensus view.”
The Post said the official had been briefed on an intelligence presentation made by the Central Intelligence Agency to key U.S. senators behind closed-doors last week.
The CIA, in what the Post said was a secret assessment, cited a growing body of evidence from multiple sources. Briefers told the senators it was now “quite clear” that electing Trump was Russia’s goal, the Post quoted officials as saying on condition of anonymity.
In October, the U.S. government formally accused Russia of a campaign of cyber attacks against Democratic Party organizations ahead of the Nov. 8 presidential election.
President Barack Obama has said he warned Russian President Vladimir Putin about consequences for the attacks. But Russian officials have denied all accusations of interference in the U.S. election.
A CIA spokeswoman said the agency had no comment on the report.
In response to the Washpo article, the Trump campaign issued the following statement.
“These are the same people that said Saddam Hussein had weapons of mass destruction,” Trump’s representatives said in a statement attributed to the transition team. “The election ended a long time ago … It’s now time to move on and ‘Make America Great Again.'”
Bob Baer, former CIA and current ‘Hunting Hitler’ shill, said in an interview today that if the evidence regarding Russia hacking the elections are true, then the only logical thing to do is to hold new elections.
‘If the evidence is there, I don’t see any other way than to vote again.’
Bear in mind, this is all in response to the Wikileaks revelations about the abject corruptness of both the DNC and the Hillary Clinton camp, via the Podesta emails. Instead of offering an explanation for their egregious actions, the elite cadre inside of the Clinton camp have instead gone on the offensive to blame the messenger.
The media is running with this story with long strides, not only suggesting that Russia hacked the elections, but also saying Trump was — in fact — a ‘witting asset’ of Moscow. What’s next, an arrest order for Trump and his campaign staff for being covert Russian spies?
This nation was attacked by a cyber warfare operation.’
Whatever happened to the smug certainty that the elections wouldn’t be rigged? I suppose what Obama meant was they wouldn’t be rigged had Hillary won, yes?
Paul Joseph Watson offers some valuable insight, in regards to the naked hypocrisy of America’s ruling elite.
Russia interfered in the election! (no evidence).
LEFT FREAKS OUT.
Saudi Arabia provably bankrolled Clinton’s campaign.
It was first reported by Variety, then by the losers at CNN Money — the very worst of the worst of financial sites planet earth has to offer.
The narrative both articles painted was a greedy Trump, wholly unserious about the Presidency, continuing his role on a reality show — in spite of the fact that so many of his former Apprentice friends and colleagues at NBC had disavowed him for making both racist and misogynistic comments — all utter nonsense.
Trump makes them look like the clowns they are — honking the nose of CNN and dunking them into the water tank they reside in.
I have NOTHING to do with The Apprentice except for fact that I conceived it with Mark B & have a big stake in it. Will devote ZERO TIME!
The warm blanket that democrats wrap themselves in at night is a dream that angry white men will die off in large enough numbers so that a true renaissance of psychotic illiberals — like Jennifer Rubin — can rise to power and lead America into the next phase towards its ultimate demise. It’s a very potent and divisive thing for journalists to say, pretending to know the spirit and soul of men based upon the color of their skin. The lie, or fake news, of massive hordes of white men descending from their trailer park thrones on election night to vote for Trump, en masse, is a myth.
The same, so called racist, white men were the good folks who voted for Obama twice, once in 2008 and again in 2012 — so there’s always that.
Specifically tackling the argument of who voted for Trump, the numbers don’t lie. He received less white votes than Romney and 3x the amount of black Americans. Perhaps the very nervous and mentally addled Jennifer Rubin should set aside her confirmation bias prior to making scathing allegations about a race of people. Then again, it’s rather trendy to deride and to shame white people these days, isn’t it?
Jennifer Rubin and her ilk are perfect examples of why democrats have lost over 900 legislative offices over the past 6 years and hold just 11 governorships. The party, literally, is dying.
When it comes to the discussion of race and moving on, I believe Morgan Freeman had the best public response to a journalist in recent times. It was short, poignant, and absolutely true.
Am I obsessing much about this? I know that I should be celebrating this reinvigorated splendor, joining the party to partake in ritualistic slaughtering of the bears — but I’m not ready to make that plunge just yet. Plus anyway, you and I both know the second I commit to the long side, the market will forever top and then come crumbling down like a piece of pound cake lodged in a glass of milk.
The yen just took out 115 v the dollar — as dollars storm troop higher across the globe. The euro has been CRACKED ASUNDER — at the 105 level, off by another 0.7%. The obvious victim in all of this, aside from SPY earnings estimates which will soon be getting slashed (you read it here first), is the price of gold — now off by nearly 1% to 10 month lows.
Isn’t it amazing how this once proud and richly rewarded commodity is now the bane of existence? Year to date, gold miners are still higher by 84%, on a median basis. However, over the past 3 months, they’re lower by 20.6%.
Over the same time frame, bonds have been eliminated from the game of play — with shares of $TLT off by an astounding 12.9%. All of its gains have been revoked for 2016. Easy come, easy go.
The carnage isn’t isolated to just government bonds. Both $PCK and $MNE (Cali and NY munis) are lower by 12% over the past 3 months.
On the plus side is copper, steel, banks and airlines, all higher by 30% over the past 3 months. It’s very important to take notice that the market is rewarding value stocks, via the reflation trade, and not traditionally labeled growth, a la tech.
Both the high growth drug and tech sectors are flat. FANG stocks are slightly lower over the past month — completely missing out on the big Trump trade. The fact that we’re seeing value or beaten down sectors outperform is indicative of a profound character change in the markets.
