For most of us, activity in the markets is of great interest but it does not dominate our life. We watch it, debate it with friends and commentators, alter our portfolio based on news or interpretation, but on the whole, it’s our second or third job.
On the other hand, if you are running the function called “secondary trading” at a large mortgage producer like EverBank, it’s an all-day, all-night obsession.
I get several emails from Cameron Beane daily and I read them all, every word. Cameron is the Director of Secondary Trading for EverBank and a 20-year veteran of the capital markets. In this role, he is responsible for hedging EverBank’s considerable mortgage pipeline. Under his direction, this team trades around $50 billion a year in U.S. Treasury- and mortgage-backed securities. The bottom line is: Cameron is deeply involved in the markets, and I listen very closely to what he has to say.
Here at Peak Prosperity, we’re continuously on the hunt for new models that offer promise for a better future. These tend to be models of stewardship and sustainability, which contrast starkly with society’s current focus on resource consumption and exploitation.
The farming model being pioneered at Singing Frogs Farm, a small micro-farm in northern California is one such example of doing things “right”. Developed over years of combining bio-intensive land/forestry management theory with empirical trial & error, the farming practices at Singing Frogs have produced astounding results.
First off and most important, no tilling of any kind is done to the soil. No pesticide/herbicide/fungicide sprays (organic or otherwise) are used. And the only fertilizer used is natural compost.
These practices result in a build-up of nutrient-dense, highly bio-rich topsoil. Where most farms have less than 12 inches of ‘alive’ topsoil in which they can grow things, Singing Frogs’ extends to a depth over 4 feet(!).
Along with formidable future weapons, super soldiers, armed drones of every size and autonomous robots executing lethal missions, the battlefield of tomorrow will also be driven by target identity and biometric data – you know, to stop terrorists.
The United States’ most elite soldiers have been collecting DNA samples from suspected terrorists for years. But because analysis normally takes three weeks, it’s been a pretty useless chore. Now, however, U.S. Special Operations Command is testing a machine that can do it in 90 minutes. Get ready for advanced biometric warfare.
The basic idea is not dissimilar to the way that Osama bin Laden’s body was ultimately identified. […] nothing beats DNA in terms of accuracy. Terrorists also leave trails of it everywhere they go.
While many eagerly await the day when China will finally reveal its latest official gold holdings, a number which when made public will be orders of magnitude higher than its last 2009 disclosure of just over 1,000 tons, or less even than Russia, China continues to plough ahead with agreements and arrangements to obtain even more gold in the coming years.
Exhibit A: two weeks ago, Xinhua reported that China National Gold Group Corporation announced it has signed an agreement with Russian gold miner Polyus Gold to deepen ties in gold exploration. The companies will cooperate in mineral resource exploration, technical exchanges and materials supply, the largest gold producer of China said.
Are you sick of actually having to work for your money? Dreaming of a life of fortune, but dreading the effort of actually creating something useful for society? Looking to get an ROI orders of magnitude greater than any stock, bond or T-bill?Well don’t worry! The kind folks at Clinton, Inc. (that’s right, the same folks behind such modern classics as “I didn’t inhale,” “I did not have sexual relations with that woman” and “We came, we saw, he died”) have a solution for you: creating your own tax-exempt family foundation!
[...] It worked for the Rockefellers! It worked for the Carnegies! It worked for the Gates! It’s working for the Clintons! And now it can work for you.
Now ideally you’ll have the good sense to be born into a family of monopolistic robber barons who plundered their way to the top of the financial pyramid, or at the very least a good banking family that finds a way to join with the old money bloodlines. But if not, don’t despair. Here’s a step-by-step guide to getting into a position where you can create your very own tax-exempt foundation the Clinton way™!
Those living in or near Chicago have the opportunity to hear Senator Rand Paul in a discussion about how to transform Chicago, the state of Illinois and the U.S. with liberty-based public policy solutions.
Date: Wednesday, May 27, 2015 from 12:30 PM to 2:00 PM (CDT)
Location: The 1871 Center at the Merchandise Mart, 222 West Merchandise Mart Plaza Chicago, IL 60654.
The first rule of “Project Bookend” is that you don’t talk about “Project Bookend.”
In retrospect, maybe the first rule should have been “you don’t accidentally e-mail ‘Project Bookend’ to a news agency”, because as the Guardian reports, one of its editors opened his inbox and was surprised to find a message from the BOE’s Head of Press Jeremy Harrison outlining the UK financial market equivalent of the Manhattan project.
Project Bookend is a secret (or ‘was’ a secret) initiative undertaken by the BOE to study what the fallout might be from a potential ‘Brexit’, but if anyone asked what Sir Jon Cunliffe and a few senior staffers were up to, they were instructed to say that they were busy investigating “a broad range of European economic issues.”
The madness of the Fed’s pending 81 month run of zero interest rates comes down to an inflation subterfuge that has no logical or empirical grounding in real world economics. Essentially, the Keynesians who currently inhabit the Eccles Building have turned all of central banking’s anti-inflation history on its head, saying, instead, that there is not enough of it to create optimum economic growth and wealth; and, besides, the CPI is running below the 2% target—so prolonging the free money gravy train can’t do much harm.
Every part of that proposition is dead wrong. To wit, free money does immense harm by fueling rampant carry trade speculation; there is zero evidence that 2% inflation results in any more growth than 1% or even 0% inflation; and, as an empirical matter, there is plenty of inflation in the US economy and has been during the entire past 15 years of rampant money printing designed to stimulate more growth.
The cynical dictum, one sows, another reaps, is sometimes true in real life, but it has been burned into our history books. In some primary instances, usurpers have, famously, been given credit for what they did not create, but rather destroyed.
One final issue of importance was the language that the Greeks spoke. Their Indo-European grammar, with its categories of gender, its sharp distinction of person and number, and its great emphasis on chronological tense, instilled in them (as it does in most every Indo-European speaker) a certain level of logical attitude toward life.
This is not a minor point, and the Indo-European languages differ in this way from others, such as the languages of the Far East, which emphasize relative class levels. What people assume1 in their speech has a powerful effect upon them.
The gold price didn’t do much in Far East trading on their Friday—and was up a couple of bucks by the London open. Shortly after that, the gold price spiked about five dollars or so, but “da boyz” were there to make sure that things didn’t get too far out of hand. The price chopped sideways from there, but at precisely 8:30 a.m. EDT, the HFT boyz and their algorithms showed up—and thirty minutes later it was all over except for the crying. Any of the smallish rally attempts after the 9:00 a.m. low were capped.
The high and low ticks were reported by the CME Group as $1,214.60 and $1,201.00 in the June contract.
Gold closed in New York yesterday afternoon at $1,205.90 spot, down 90 cents from Thursday. Net volume was very much on the lighter side once again at 92,000 contracts. Gold did not make a new low for this move down, but the Managed Money probably had to puke up all the longs they put on just before the London open earlier in the day.
Fiona He gave birth to her second child, a boy, on Jan. 24, 2015, at Pomona Valley Hospital in Southern California. The staff was friendly, the delivery uncomplicated, and the baby healthy. He, a citizen of China, left the hospital confident she had made the right decision to come to America to have her baby.
She’d arrived in November as a customer of USA Happy Baby, one of an increasing number of agencies that bring pregnant Chinese women to the States. Like most of them, Happy Baby is a deluxe service that ushers the women through the visa process and cares for them before and after delivery.
Except that none of the “clients” clearly and truthfully disclose that the purpose of their “visit” is to come to the United States for the express purpose of having an “anchor baby.”
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