by irdadmin | Jul 11, 2017 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The biggest problem facing Illinois is the public pension fund problem. I don’t care what the “official” number is for the degree to which it is underfunded. I can guarantee that even without marking-to-real-market the illiquid investments like...
by irdadmin | Jul 10, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Amazon stock is up $6 in pre-market trading because it’s…”Prime Day!” But what does this really mean? It means AMZN will burn more cash selling and fulfilling commodity products with free 2-day shipping. But it will likely get another $20 pop...
by irdadmin | Jul 7, 2017 | Financial Markets, Market Manipulation, U.S. Economy
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” Joseph Goebbels I dislike giving the employment report any acknowledgment because the report is constructed for the purposes of political expedience. But I...
by irdadmin | Jul 6, 2017 | Financial Markets, Market Manipulation, U.S. Economy
In my opinion, the ride down will be worth the pain and blood-loss of sticking with a short bet on TSLA, which is why I continue to buy small quantities of put options that have been expiring worthless. I know at some point I’m going to catch a $100+ reversal in...
by irdadmin | Jul 5, 2017 | Financial Markets, Market Manipulation, U.S. Economy
June auto sales on a “SAAR” basis (seasonally adjusted annualized rate) fell 1.2% from May to 16.5 million “SAAR.” The non-SAAR number available from sources like Autonews.com show a 3% year over year drop from June 2016. The year over year...
by irdadmin | Jul 3, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Something ugly could be hitting the financial/economic system soon. To blatantly hit gold like this when no one is around is a sign of desperation. The FANGS had an brutal reversal today despite the squeeze higher in the broad indices. TSLA soared early on Elon...
