Monday, June 19, 2017

Market Makers in Equity Options Are Vanishing - Barron's

Market Makers in Equity Options Are Vanishing - Barron's

Sunday, May 7, 2017

Sad, but true


A sound banker, alas! is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him.

— John Maynard Keynes

Monday, April 24, 2017

America’s financial war strategy

America’s financial war strategy



Bob Moriarty of 321gold calls this a must read to which we can only agree....this essay connects the dots between pre-election and post-election Trump, China, North Korea, Iran, Russia, et al.

Tuesday, April 18, 2017

Economy turning down?

The Military Complex Has Taken Control Of The White House:

Feature includes these points:
  1. Auto sales are down 10% since the beginning to 2017.
  2. JP Morgan, despite “beating” earnings estimates, disclosed a troubling spike in credit card write-offs, which rose to nearly $1 billion in Q1. 
  3. Retail sales have now declined two months in a row. It’s no coincidence that the dismal sales report was released on Good Friday when the market was closed. The original .1% gain reported for February was revised down significantly to a decline of .3%. 
  4. Restaurant industry sales have declined for 11 of the last 12 months in a row on a year over year monthly basis.