WSJ Discovers How Algos Broke The Market | Zero Hedge

December 26, 2018 by · Leave a Comment 

For years, as the market rose in seemingly uninterrupted fashion buoyed by trillions in excess central bank liquidity and algos programmed to buy any dip while frontrunning each and every buy order, virtually nobody – except for a few “fringe”, “fake news” blogs – complained about the threat posed by algo trading and the quiet but dire deterioration in market liquidity.

Now that the S&P has finally suffered its first bear market in a decade, the mass media is out in full force looking for scapegoats and, predictably, in an attempt to deflect attention from the biggest, and only, culprit behind each and every bull-bust cycle namely the US central bank, has focused on “computerized trading.”

In a front page article, the WSJ is out today with “Behind the Market Swoon: The Herdlike Behavior of Computerized Trading“, in which a bevy of WSJ authors, among which the paper’s new ‘Fed whisperer‘ Nick Timiraos (who may or may not have been tasked with delivering a piece drawing attention from the inhabitants of the Marriner Eccles building), write that “behind the broad, swift market slide of 2018 is an underlying new reality: Roughly 85% of all trading is on autopilot—controlled by machines, models, or passive investing formulas, creating an unprecedented trading herd that moves in unison and is blazingly fast.”

Source: WSJ Discovers How Algos Broke The Market | Zero Hedge

Will “No Deal” Brexit Cause “Horrible Chaos” as Globalist Elites Claim? – William F. Jasper

December 26, 2018 by · Leave a Comment 

British Prime Minister Theresa May has wasted the better part of two years in pointless “negotiations” with EU officials who let it be known from the start that they were unwilling to yield on any of the important points that May claimed to be negotiating. Now, with less than 100 days left until the March 29 deadline that May imposed, she insists that she will still be negotiating for better terms during the Christmas break. She also is, she says, cranking up emergency preparations for a “no deal exit,” in case she fails to win the concessions from the EU that will help her win approval from Parliament for her fake Brexit deal in January. Miracles do happen, but it is highly unlikely that the Almighty will bless her with one for her deceptive and ill-conceived agreement.

Thus, the Project Fear II propaganda campaign is in full swing, as globalists try to scare British voters into reversing Brexit, the 2016 referendum decision to exit the European Union. It is a replay of Project Fear, the fright-peddling scheme of then-Prime Minister David Cameron and a vast array of the great and the good (President Obama, Angela Merkel, George Soros, Michael Bloomberg, the New York TimesFinancial TimesWall Street Journal, BBC, CNN, Bank of England, IMF, World Bank, Federal Reserve, etc.,) that warned if British voters approved the Brexit, the results would nothing less than apocalyptic. The sky would fall, markets would crash, currencies would collapse, the Great Depression would return, riots would ensue — and on and on. (For our coverage of Project Fear see hereherehere, and here.)

Source: Will “No Deal” Brexit Cause “Horrible Chaos” as Globalist Elites Claim?

The Greatest Gift For All – PaulCraigRoberts.org

December 26, 2018 by · Leave a Comment 

Christmas is a time of traditions. If you have found time in the rush before Christmas to decorate a tree, you are sharing in a relatively new tradition. Although the Christmas tree has ancient roots, at the beginning of the 20th century only 1 in 5 American families put up a tree. It was 1920 before the Christmas tree became the hallmark of the season. Calvin Coolidge was the first President to light a national Christmas tree on the White House lawn.

Gifts are another shared custom. This tradition comes from the wise men or three kings who brought gifts to baby Jesus. When I was a kid, gifts were more modest than they are now, but even then people were complaining about the commercialization of Christmas. We have grown accustomed to the commercialization. Christmas sales are the backbone of many businesses. Gift giving causes us to remember others and to take time from our harried lives to give them thought.

The decorations and gifts of Christmas are one of our connections to a Christian culture that has held Western civilization together for 2,000 years.

Source: The Greatest Gift For All – PaulCraigRoberts.org

Keep the Government Closed Until Hell Freezes Over – Dave Hodges – The Common Sense Show

December 26, 2018 by · Leave a Comment 

America needs a wall. We don’t need a wall to protect us from people who would hold 2 to 3 jobs and wait on us in restaurants and to take care of our lawns. We need a wall to protect us from unsavory elements that are entering our country in order to overthrow the Constitutional authority that keeps us free. What is going on is unquestionably a Deep State/NWO invasion of the United States.

The Democrats will absolutely run the country by 2020. Can you imagine the kind of America we will live in? IF not, tune in tomorrow, I will be writing about life under the new Democratic Party in 2020 if the wall is not built and conservatives are in charge of our government. Warning, this article will not be for the faint of heart.

Source: Keep the Government Closed Until Hell Freezes Over – Dave Hodges – The Common Sense Show

Good Riddance to General Mattis and the Rest of Washington’s Mad Dogs of War – Antiwar.com Original – David Stockman

December 26, 2018 by · Leave a Comment 

From the wailing and gnashing of teeth among the mainstream media and officialdom over General Mattis’ (welcome) departure, you would think that the Rapture had come and Washington’s ruling class was being unjustly left behind to eternal perdition. And if not that, then the Mattis Affair is alleged to be at least its secular equivalent – an unwarranted and unforgivable affront to the good and the brave of the Imperial City.

Then again, exactly what was so existentially harmful to America’s security about Trump’s decision to get out of Syria – the apparent reason for Mattis’ ballyhooed resignation?

The fact is, you can’t find a trace of threat to America on the map. Syria is now a tiny, broken country of ruin and rubble with a vastly diminished religiously and ethnically fractured population of 18 million; GDP of barely $60 billion; per capita income of only $3,000; a trickle of oil production (25k barrel/day); and a depleted and battle-ravaged military that cannot possibly operate outside of its own borders and barely controls the lands inside them.

Source: Good Riddance to General Mattis and the Rest of Washington’s Mad Dogs of War – Antiwar.com Original


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