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Articles by Silky Johnson
CHUCKS VERSUS ADIDAS
Select Your City We have got 40,000 cities covered worldwide Discover Events from nearby cities Columbus Cleveland Grand Rapids Fort Wayne Akron Ann Arbor Erie Lansing Massillon South Bend Discover Online Events - Attend from anywhere → Time Sun Jul 02 2023 at 03:00 pm to 10:30 pm Hart Plaza, 1 Hart Plaza, Detroit, United States Find Tickets USD 50 Advertisement CHUCKS VERSUS ADIDAS The Highly Anticipated Grown Up Festival is Back CHUCKS VERSUS ADIDAS. Sunday July 2nd at The Hart Plaza.
Eric Bellinger - Be The Change(Video)
VIDEO R&B crooner Eric Bellinger recently release an inspiring video sparked by the recent events in Charlotteville VA. This video uses President Donald Trumps speech and vintage civil right archive footage to deliver a message of peace and love. “Let’s start with religion, move onto the children. Let’s make better decisions. Who’s gonna listen? More help in the community. More after-school activities. You just gotta believe in me,”- Eric Bellinger 2017.
Trump Slams "Disheartening" Gorsuch Story, Accuses Sen. Blumenthal Of Lying
With the allegedly confirmed statement from Trump's Supreme Court pick, Neil Gorsuch, who reportedly told Senator Richard Blumenthal that he found Trump's judge commentary "disheartening"and "demoralizing", dominating the overnight news cycle, in his first tweet of the day, President Trump contradicted a spokesman for his Supreme Court nominee, in a tweet blasting Democratic Senator Richard Blumenthal, who told reporters last night that Judge Neil Gorsuch called Trump's tweets attacking...
Giuliani Rages At FBI Decision "We Are Supposed To Be A Country Of Justice"
Former New York City Mayor Rudy Giuliani appeared on Fox News’ Sean Hannity Show Sunday, to talk about how out of place the Director of the FBI James Comey’s remarks were regarding the Clinton investigation.
Dakota Access Pipeline Sage Turns Violent Amid "Largest Gathering Of Native Americans Since The Little Bighorn"
Submitted by Zainab Calcuttawala via OilPrice.com, The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native American protestors led to several injuries for both parties.
Industrial Production Plunges For 9th Straight Month - Longest Non-Recession Streak In 100 Years
For the 9th month in a row, US Industrial Production declined YoY - down by 1.4% - with 0.4% monthly drop twice as bad as expected. Every subcomponent of the data also declined markedly. Most worryingly, and despite near record highs in stocks, this is the longest streak of IP weakness without a broad economic recession in US history... it's different this time? Every segment is in decline...
A Rare Loss For The HFT Lobby? SEC Staff Recommends Approval Of IEX Exchange Application
In what may be a long overdue victory for the "good guys", the WSJ reports that the SECs staff has recommended that the agency approve IEX Group Inc.’s "controversial" bid to launch a new stock exchange, signaling likely approval when the agency’s commissioners vote on the order Friday.
America's Borderline Personality Is "Dangerous To Itself & Others"
If the Obama Justice Department was really honest about its “guidance” on transgender bathrooms, it would have stated clearly a requirement to provide a new, separate, third category of bathroom or changing room for people identifying themselves as transgender. This would have given such persons a safe, private place to perform their necessary bio-functions without making the other two categories of people, male and female, uncomfortable.
Gartman: "We Have Suffered One Of Our Worst Days Of The Year"
We were amused to report early on Monday that just as oil was trading within pennies of $46 and set to tumble, while US equity futures were about to commence their biggest two day gain in two months, none other than Dennis Gartman chimed in with yet another can't miss "prediction" when he said that "it is time to buy crude oil and to sell equity futures, with the only problem now to decide how to weight the position." Sadly for the newsletter writer, "retirement fund investor" and CNBC Fast...
California Says To Hell With Economics, Will Hike Minimum Wage To $15/Hour
Over the past 12 months, America has had front row seats for a real-life experiment with across-the-board wage hikes.
New Documents Reveal "Hillary Clinton Knew Her BlackBerry Wasn't Secure"
Was Hillary Clinton just arrogant and ignorant (which is a decisively bad combination as it is) or did she knowingly traffic in state secrets on an unsecure server? That’s pretty much what the entire, protracted investigation into her e-mail habits when she was the nation’s top diplomat boils down to. If she was simply arrogant and ignorant, she didn’t lie under oath.
Fed Mouthpiece Parses Timid Janet's Latest Pronouncement
Janet Yellen has spoken and the word was "hold." And not only that, the FOMC median forecast now only implies two rate hikes for 2016 versus four as the Fed's own outlook converges on market expectations.
Economics Is Like A Religion - Just Faith In Theory
Everyone is missing the serious problem that ultra-low interest rates have created for retirees. Pension funds are still assuming that future returns will be in the 7½–8% range. And as people get older and have no practical way to go back to work, pension funds that are forced to reduce payments in 10 or 15 years (and some even sooner) will destroy the lifestyles of many.
Is The Stock Rally Glass Half Full Or Half Empty?
The February stock market bounce has reached a crossroads – will there be another leg higher or has the rally run its course? The rally in stocks has reached an key juncture it would seem in many of the major indices. That includes our favorite index: the Value Line Geometric Composite (VLG). Once again, the VLG is an unweighted average of approximately 1700 stocks. The calculation of the index amounts to essentially the median stock performance among that universe.
Frontrunning: February 17
- President Barack Obama said he seeks an 'indisputably' qualified successor to Justice Antonin Scalia, while administration officials indicated he wants a Supreme Court nominee who can attract some Republican support. (http://on.wsj.com/1QkclMs) - Valuations of companies such as Viacom and Walt Disney are under pressure, as cable operators including Comcast and Cablevision hold steady amid cord-cutting fears.
Crude Confused - WTI Rallies As Iran 'Supports' OPEC Freeze But Won't Cut Production
Stocks have very likely just entered a multi-month bear market. Few investors have caught on to this yet, but when they do, there will be a selling panic, possibly even a CRASH.
JPM: "Things Have Gotten Out Of Control: People Have More Confidence In Gold Than In Paper Money"
Following the biggest one-day surge in the price of gold since 2009, it is understandable that suddenly everyone who until recently was predicting the price of gold in the triple digits, or laughably explaining why "gold is doomed" wants to talk about the "pet rock." As we showed earlier, already Goldman and Bank of America have opined with new and upwardly mobile "price targets", while the scramble to obtain gold in a world drowning not only in negative rates but soon, cash bans, has already...
Meanwhile In Greece, Familiar Scenes Are Back: General Strike, Molotov Cocktails, Tear Gas
Greece was fixed for a few months, when the so-called "anti-austerity" government of PM Tsipras which came to power just over a year ago did what each on its predecessors did by kicking the can and trading off what little sovereignty Greece has left for promises of more cash from Europe, but it is broken once again.
Kolanovic Reveals The Next "Significant Risk For The S&P 500" - Beware "The Macro Momentum Bubble"
Yesterday when we presented Tom DeMark's latest technical forecast, which anticipates a 5-8% bounce in risk before the next leg lower in equities, we said to "look for the next few days to see if DeMark still has his magic" adding that "we, on the other hand, would rather wait for "Gandalf" Kolanovic' next take." We didn't have long to wait: moments ago JPM's head quant, whose uncanny track record of predicting every major market inflection point has been duly documented here, laid out his...
Does Buffett See A Bottom In Oil Prices?
Warren Buffett has been consistently wrong on oil, but many experts are calling a bottom on oil prices now that the investor extraordinaire has upped his ante in Phillips 66, betting that he can’t be wrong three times in a row. Buffett’s Berkshire Hathaway Inc. paid some $390 million for another 5.1 million shares of oil refiner Phillips 66 this month, boosting its investment to 65.68 million shares that today are worth around $5.21 billion.
GoPro is Poster Child for IPO Market Scams
We wake up today to the latest carnage in the GoPro stock, down another 20% on weak earning`s, poor guidance, and a 7% cut in its workforce. There are several things the company could have executed on so that the stock would have held up much better than its near Calvary stampede from $94 a share to effectively $11 a share on a direct line down.
This Is The Best Investment Of 2015... Just Don't Adjust For Hyperinflation
It's that time of year again. When hindsight is 20/20 and coulda/woulda/shoulda gives way to reality. With the US equity market barely able to keep its head above green water, a look around the world shows investors could have done a lot better... (or not) In fact, as Handelsblatt shows, the best investment in the world in 2015 would have been - drum roll please - Venezuelan stocks!! Note - these returns are from a EUR-denominated persepctive So - that proves it - Hyperinflation "works" right?
The Next Time Your Financial Advisor Tells You To Buy Stocks, Show Them This Chart
Earlier today, we noted that while the market was surging last week, the smart money was selling. This comes at the same time as ICI reported major redemptions from both stock ($3.9 billion) and bond ($4.5 billion) mutual funds, even as corporate buybacks were decelerating, leading to the question of just who was buying stocks during the Santa rally of the past two weeks. But something even more surprising emerged when looking at the detailed breakdown of how the "smart money" has been flowing.
Asia's Largest Commodity Trader Was Just Downgraded To Junk: Are Collateral Calls Next?
Even before Glencore made a dramatic appearance on the world's distressed commodity trader stage in late August, Zero Hedge readers were familiar with its Asian cousin, Noble Group, also known as Asia's largest commodity trader, a name we covered in our August 18 report "Noble Group’s Kurtosis Awakening Moment For The Commodity Markets." Back then we said that "we expect a big announcement of S&P on Noble Group later this week" as a result of the ongoing deterioration in the company's...
WTI Crude Surges Back To $38 Ahead Of API Data
It appears $38 is the new strange attractor for WTI Crude oil as it coincides with the last two weeks' "opposites" inventory data releases. Brent and WTI continue to hug each other for the 3rd day in a row. We await tonight's API inventory data (expected to see a 2.5mm draw) for the next move in crude (and therefore US equities).
China Crash Sparks Holiday Hangover In Stocks & Commodities, Curve Flattens To 9-Month Lows
The post-Christmas period started badly with a Bloodbath in Beijing... Biggest drop since August collapse And while today's damage took the shine off the Santa Rally, the S&P remains 90 points rich to the Fed Balance Sheet... Bonds remain the big winner post-Fed, stocks managed to scramble back into the green post-Fed in a VIX slamming panic and crude worst... But on the day - from the early close on Christmas Eve, everything closed red - despite the best efforts of the machines...
Furious Coal Baron Lashes Out: "Obama Is The Greatest Enemy I've Ever Had. It's Beyond Personal"
Robert Murray is no fan of Barack Obama. Murray, you’re reminded, is the CEO of Murray Energy. Earlier this year, the company laid off 21% of its employees, with the majority of the cuts coming in West Virginia, which was staring down a $195 million budget gap thanks to the slide in coal prices. Around two months after the job cuts, Murray spoke to Republicans at the Lincoln Day Dinner and let it all out.
As Of Today, The Baltic Dry Freight Index Has Never Been Lower
Having fallen for 20 straight days, crushing the hopes and dreams of the mid-year bounce - and thoroughly breaking down from seasonally positive tendencies - The Baltic Dry Freight Index has collapsed to all-time (back to 1984) record lows.
Did "Someone" Try To Attack Russia's Go-To Gas Pipeline With An Underwater Drone?
When last we visited the Nord Stream pipeline story we noted that the prospect of doubling the line’s capacity in conjunction with Western O&G companies was effectively allowing Moscow to adopt a hardline approach in talks with Ankara. Turkish autocrat President Recep Tayyip Erdogan is keen on seeing Syria’s Bashar al-Assad pushed aside and, as everyone who doesn’t live in a cave knows, Russia and Iran are keen on preserving the Assad government. This makes for a rather awkward scenario.
The Fed Can’t Raise Rates, But Must Pretend It Will
Submitted by Thorsten Polleit via The Mises Institute, Waiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and Estragon, keep waiting endlessly and in vain for the coming of someone named Godot. The storyline bears some resemblance to the Federal Reserve’s talk about raising interest rates.
Head Trader Of World's 4th Largest Hedge Fund Caught In HFT Frontrunning Scandal
Shortly after we reported the latest market-rigging scandal, in which ITG was busted for frontrunning sellside clients in its dark pool in what has been since dubbed a "trading experiment" (because it sounds better than criminal conspiracy to defraud clients), and which will cost the company a record for a private Wall Street firm $22 million settlement, we had one question for AQR's Cliff Asness yesterday morning: Here is a quick bio of Hitesh from FX Week: We got no answer from the AQR...
HSBC Joins JPMorgan: Prepares To Unveil Up To 20,000 Job Cuts
The banking system must be doing great... just days after JPMorgan announced mass layoffs, SkyNews reports that HSBC is preparing to announce a revised headcount target, which insiders said that it was likely to be between 10,000 and 20,000 job cuts. HSBC will next week set out plans to cut thousands more jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises.
Bond-Buying-Frenzy Saves Stocks From Giving Up All 'Goldilocks' Gains
Another day of carnage in bond markets, rescued to a smolder by a mysterious global bond buyer... makes us wonder just how long before that 'smolder', explodes... Bonds made the headlines... as overnight carnage was aggressively bid from before the US Open to assuage equity weakness... (TSY yields are still up 8-11bps on since Friday) Bond prices since Payrolls are higher for 5Y, flatish for 10Y and down for 30Y... Futures show the swings better than cash...
US Police Kill More Civilians In March Than UK Police Killed In 100 Years
The following statistics seem impossible to believe. While I wonder how accurately the UK has been tracking these numbers historically, the enormous spread seems much too large to ignore, and is a national embarrassment that should be dealt with immediately. A new report by ThinkProgress.com unearthed disturbing figures when it came to the number of police-related deaths that occurred in America in the month of March alone.
Fighting The "War on Terror" By Banning Cash
It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens. Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step.
Our Money Is On This Guy
In this day and age, when hedge funds can no longer generate "guaranteed" returns courtesy of Gerson Lehrman or some other "expert network", when central banks are now openly failing their mandate of preserving the facade that they are invincible and will do "whatever it takes" to support the wealth effect, and where hedge funds are unable to outperform the S&P for the 6th year in a row, it seems there is no sure thing. Wrong.
Paying Down The Debt Is Now Almost Mathematically Impossible
Exactly 199 years ago, in 1815, a “temporary” committee was established in the US Senate called the Committee on Finance and Uniform National Currency. It was set up to address economic issues and the debt accrued by the US government after the War of 1812. Of course, because there’s nothing more permanent than a temporary government measure, the committee became a permanent one after just one year.
"Cash-Strapped" Venezuela Stares Into The Abyss... And Its Default Risk Goes Parabolic
Some two weeks ago (when Venezuela CDS was trading at only 2300 bps) we previewed what - with almost absolute certainty - would be the first "casualty of the crude carnage" - Nicholas Maduro's little socialist paradise that couldn't: Venezuela. As a reminder, back then we learned that the OPEC member was in such dire straits it had burned through a third of a Chinese' bailout loan in the matter of days.
Gold Upside Alert: Deutsche Bank Says "Yes" Vote Has "Narrow But Clear Lead" In Swiss Gold Referendum
As we explained over the weekend, should the Swiss gold referendum pass successfully, the price of gold will surge. It was none other than JPM who warned that the "markets under appreciate this event", explaing that "If the referendum is passed, the Swiss National Bank (SNB) will be forced to increase reserves by around 1,500 tonnes over five years, i.e. 300 tonnes per year.
Bank of England Fires Chief FX Dealer Participating In Currency-Rigging Scandal
Early in 2014, when the FX rigging scandal was still news, one of the most disturbing developments to emerge was that none other than the venerable Bank of England itself had been engaged in collusion with various manipulating parties, explicitly those participating in "The Bandits Club", "Cartel" and other chatrooms, as described in "Bank Of England Encouraged Currency Manipulation By Banks." As Bloomberg reported at the time: Bank of England officials told currency traders it wasn’t...
Greenspan's Stunning Admission: "Gold Is Currency; No Fiat Currency, Including the Dollar, Can Match It"
For some reason, the Council of Foreign Relations, where ex-Fed-Chief Alan Greenspan spoke last week, decided the following discussion should be left out of the official transcript. We can perhaps understand why... as Gillian Tett concludes, "comments like that will be turning you into a rock star amongst the gold bug community." TETT: Do you think that gold is currently a good investment? GREENSPAN: Yes... Remember what we're looking at. Gold is a currency.
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