Contrarian Reads

Mystery Profits Meat: Is It Possible That S&P 500 Companies Make Money And No One Else Does?

The key takeaway here is that over the past 4 years S&P 500 companies after-tax profits increased 50%, while the earnings of everyone else recorded a decline of roughly 30%.   How can that possibly be an accurate picture of the earnings of all the companies operating in the US? According to the Internal Revenue Service …

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The Dems War On Reality Heads Deeper Down The Rabbit Hole

Fighting for its very life, the Resistance rolls out a last-ditch flanking maneuver today in its three-year war against reality as Rep. Adam Schiff’s House Intel Committee presents findings to Rep. Nadler’s Judiciary Committee for crimes as yet unspecified against Mr. Trump, possibly as grave as treason. Buyer beware. The Resistance always accuses its enemy …

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“Undeniable Evidence”: Explosive Classified Docs Reveal Afghan War Mass Deception

In what’s already being hailed as a defining and explosive “Pentagon papers” moment, a cache of previously classified documents obtained by The Washington Post show top Pentagon leaders continuously lied to the public about the “progress” of the now eighteen-year long Afghan war.         https://www.zerohedge.com/political/unearthed-pentagon-docs-reveal-afghan-war-deception-new-pentagon-papers-moment  

Repo Ruction Or How The Fed’s Foolish Rate Pegging Fuels Massive Hedge Fund Speculation

The BIS’s finding is novel, and surprising, as they highlight the “growing clout of hedge funds in the repo market” according to the FT, which notes something we pointed out one year ago: hedge funds such as Millennium, Citadel and Point 72 are not only active in the repo market, they are also the most …

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Genug! Europe’s Done With Washington’s Feckless Wars On Russian Pipelines

This game is a microcosm of the way the US foreign policy establishment uses Europe as the battleground in the war against Russia. And given the way the political winds are shifting, Europeans are getting very tired of it.           https://www.strategic-culture.org/news/2019/12/08/as-winter-comes-pipeline-wars-heat-up/