Contrarian Reads

Advice For RussiaGaters: You Best Slither Quietly Into The Night—It Really Was A Hoax!

So that’s it then. An obscene amount of noise and focus, a few indictments and process crime convictions which have nothing to do with Russian collusion, and this three-ring circus of propaganda and delusion is ready to call it a day.     https://consortiumnews.com/2018/10/20/report-says-russia-gaters-should-go-quietly-in-the-night/  

Savings—Not Tariffs Will Make America Great Again

Instead of trying to strong-arm trading partners into better “deals,” the Trump Administration should be creating an environment for the re-industrialization of the American economy. The first step in such a policy must start with savings which is the key to economic growth. Before production takes place, savings must be accumulated. The creation of goods …

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Putin’s Valdai Speech Exposes Insanity Of Washington Neocons

All of this highlights the major theme that came out of Putin’s comments.Strength through resolve.  Resolve comes as a consequence of defending culture. Putin wasn’t boasting or grandstanding about Russia’s hypersonic weapons capability.  He told everyone they are deployed.  He did this to shut up the U.S. neoconservative chattering class who he rightly says whisper …

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Implosion of Stock Market Double-Bubble in China Hits New Lows

The chart of the Shanghai Stock Exchange Composite Index (SSE) shows the 2015-bubble and its implosion, followed by a rise from the January-2016 low, which had been endlessly touted in the US as the next big buying opportunity to lure US investors into the China miracle. Investors who swallowed this hype got crushed again:   …

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Why The Botched Saudi Assassination Will Win Erdogan A Kings Ransom

The Turks had the Saudi consulate bugged. Every country in the world tries to plant listening devices into foreign embassies and consulates. It is no surprise then that the Turks know what happened within the consulate and use the evidence to squeeze the Saudis. Erdogan knows how to play the media and does his very …

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Now We Know Who Is Really The Largest State Sponsor Of Terrorism—-Saudi Barbaria

Saudi Arabia—not Iran—is the biggest state sponsor of terrorism in the world today and Wahhabism remains the source of most radical Islamic extremism. For years Iran has borne the unenviable title of “world’s biggest state sponsor of terrorism.” However, out of the 61 groups that are designated as terrorist organizations by the U.S. State Department, …

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Red Ponzi Wobbling—-Shanghai Index Plunges To 4-Year Low

Two days after we reported that concerns about pledged shares, in which major investors put up stock as collateral for personal loans – a disastrous practice when stock prices are dropping, emerged as a key pressure point for China’s market, overnight Bloomberg reported that “rising fears of widespread margin calls fueled a 3 percent tumble …

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Netflix—-A Fiscal Trainwreck That Would Even Embarrass The US Congress

But let’s not forget the price Netflix is currently paying for that growth…The company has burned $1.7 billion in cash this year through the third quarter.  So every new subscriber comes at a giant loss. And Netflix is making up for those losses with debt.The company has $8.3 billion in long-term debt, up from $6.5 …

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Risk-Off’s Here, 40% Crash Coming

In an extensive interview with Goldman’s Marina Grushin (republished below), the Guggenheim Investments Chairman once again lays out his bearish case, starting with what he believes is the most mispriced asset, i.e., credit, stating that credit spreads are too tight right now, and noting that “after adjusting for expected credit losses, HY bonds offer minimal …

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With MBS In Washington’s Saddam Hussein Chair–Maybe The House Of Saud’s Days Are Finally Numbered

If Khashoggi was, in fact, whacked out by a Saudi hit squad—complete with torture and Goodfellas-style dismemberment—as the Turks maintain he was, then Crown Prince Mohammed bin Salman is even crazier than we thought. Since being named heir apparent by his senile father, King Salman, the crown prince has been on a mission to establish …

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