investmentwatchblog--2020-12-14--Governor Cuomo monitors the first person in New York to be vaccinated

' V Day ' in the UK as grandmother , 90 , becomes first person in the WORLD to get @ @ @ @

WATCH LIVE – Governor Cuomo monitors the first person in New York to be vaccinated.t.co/e6wZ5c2lVw — Disclose.tv 🚨 (@disclosetv) December 14, 2020
🇺🇸 — BREAKING: A critical care nurse in New York, is first person to receive the newly approved Pfizer vaccine in the United States. pic.twitter.com/vd2qvlvQXh — Belaaz (@TheBelaaz) December 14, 2020
And so it begins…
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h/t LostRabbit


investmentwatchblog--2020-12-14--U.S. Govt Agencies Hit by ‘Russian Hackers’…  Worst attack in years…  Hunt for malware

Russian government hackers breached the Treasury and Commerce departments , along with other U.S. government agencies , as part of a global espionage campaign that stretches back months , according to people familiar with the matter .
Officials were scrambling over the weekend to assess the nature and extent of the intrusions and implement effective countermeasures , but initial signs suggested the breach was long-running and significant , the people familiar with the matter said .
The Russian hackers , known by the nicknames APT29 or Cozy Bear , are part of that nation ’ s foreign intelligence service , @ @ @ @ @ @ @ systems in some cases , said the people familiar with the intrusions , who spoke on the condition of anonymity because of the sensitivity of the matter .
The same Russian group hacked the State Department and the White House email servers during the Obama administration .
WASHINGTON—Multiple federal government agencies , including the U.S. Treasury and Commerce departments , have had some of their computer systems breached as part of a widespread global cyber espionage campaign believed to be the work of the Russian government , according to officials and people familiar @ @ @ @ @ @ @ foreign-intelligence service is suspected of being behind the hacks of the U.S. government networks—in which some internal communications are believed to have been stolen—and the operation is related to a cyber breach disclosed last week of U.S.-based cybersecurity firm FireEye , one of the people familiar with the matter said .
WASHINGTON ( AP ) — U.S. government agencies were ordered to scour their networks for malware and disconnect potentially compromised servers after authorities learned that the Treasury and Commerce departments were hacked in a monthslong global cyber-espionage campaign discovered when a prominent @ @ @ @ @ @ @ .
In a rare emergency directive issued late Sunday , the Department of Homeland Security ’ s cybersecurity arm warned of an “ unacceptable risk ” to the executive branch from a feared large-scale penetration of U.S. government agencies that could date back to mid-year or earlier .
“ This can turn into one of the most impactful espionage campaigns on record , ” said cybersecurity expert Dmitri Alperovitch .

U.S. Govt Agencies Hit by ‘Russian Hackers’…
Russian government hackers breached the Treasury and Commerce departments, along with other U.S. government agencies, as part of a global espionage campaign that stretches back months, according to people familiar with the matter.
Officials were scrambling over the weekend to assess the nature and extent of the intrusions and implement effective countermeasures, but initial signs suggested the breach was long-running and significant, the people familiar with the matter said.
The Russian hackers, known by the nicknames APT29 or Cozy Bear, are part of that nation’s foreign intelligence service, the SVR, and they breached email systems in some cases, said the people familiar with the intrusions, who spoke on the condition of anonymity because of the sensitivity of the matter. The same Russian group hacked the State Department and the White House email servers during the Obama administration.
Worst attack in years…
WASHINGTON—Multiple federal government agencies, including the U.S. Treasury and Commerce departments, have had some of their computer systems breached as part of a widespread global cyber espionage campaign believed to be the work of the Russian government, according to officials and people familiar with the matter.
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Russia’s foreign-intelligence service is suspected of being behind the hacks of the U.S. government networks—in which some internal communications are believed to have been stolen—and the operation is related to a cyber breach disclosed last week of U.S.-based cybersecurity firm FireEye, one of the people familiar with the matter said.
Hunt for malware
WASHINGTON (AP) — U.S. government agencies were ordered to scour their networks for malware and disconnect potentially compromised servers after authorities learned that the Treasury and Commerce departments were hacked in a monthslong global cyber-espionage campaign discovered when a prominent cybersecurity firm learned it had been breached.
In a rare emergency directive issued late Sunday, the Department of Homeland Security’s cybersecurity arm warned of an “unacceptable risk” to the executive branch from a feared large-scale penetration of U.S. government agencies that could date back to mid-year or earlier.
“This can turn into one of the most impactful espionage campaigns on record,” said cybersecurity expert Dmitri Alperovitch.


investmentwatchblog--2020-12-14--CEO,CFO & directors of Solarwind sold $15,000,000 worth of stock in November 2020

MORE – @ C_C_Krebs was fired on November 17 , 2020 .
JUST IN – According to the CEO of @ @ @ @ @ an update in March-June 2020 .
It provides hackers `` God-mode '' access .
Fired @ @ @ @ @ this major vulnerability during his time as director of @ CISAgov.t.co/MIUSWFpR1P pic.twitter.com/y2Kct8W8qy

MORE – @C_C_Krebs was fired on November 17, 2020.
JUST IN – According to the CEO of SolarWinds the vulnerability exists since an update in March-June 2020. It provides hackers "God-mode" access.
Fired @C_C_Krebs failed to detect this major vulnerability during his time as director of @CISAgov.t.co/MIUSWFpR1P pic.twitter.com/y2Kct8W8qy
— Disclose.tv 🚨 (@disclosetv) December 14, 2020


investmentwatchblog--2020-12-14--President Trump Quietly Issued Another Executive Order – This One Concerning the Military

SecState Pompeo : Thanks to Trump , Chinese Communist Party Has Now Shown Itself and Is Exposed , So Many @ @ @ @ @ by Beijing ... Ric Grenell BOMBSHELL JUST NOW : The Biden story is the tip @ @ @ @

We heard last week that the President issued an Executive Order concerning Christmas Eve but there was another Executive Order concerning the Military that he also sneaked through.
President Trump’s Executive Orders (EOs) have been in the news lately. One EO relates to foreign interference in the elections which was renewed in September after being first issued in September 2018. This EO mandates that the DNI – currently John Ratcliffe – produce a report on foreign intervention in the 2020 election within 45 days of the election. This equates to December 18.
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www.thegatewaypundit.com/2020/12/president-trump-quietly-issued-another-executive-order-one-concerning-military/?utm_source=Twitter&utm_medium=PostTopSharingButtons&utm_campaign=websitesharingbuttons


investmentwatchblog--2020-12-14--South Australia: Starting Monday you MUST use the Covid Safe Check In App to gain access to stores!

From Monday 14 December , retail stores will be required to keep a record of everyone who enters their stores @ @ @ @ @ This includes supermarkets , department stores , hardware stores and general retail stores .
Stores @ @ @ @ @ and people are required to check in upon entry .
COVID SAfe Check-In is quick @ @ @ @ @ Download the mySA GOV app Select the COVID Safe Check-In tile at the bottom of @ @ @ @ @ Follow the prompts to scan the QR code upon entry Check in There have been @ @ @ @ @ businesses , venues and events over the past two weeks .
Thank you SA for @ @ @ @ @ to keep our community COVID Safe !
👏

Important update to COVID-Safe Check-In:
From Monday 14 December, retail stores will be required to keep a record of everyone who enters their stores – staff and customers. This includes supermarkets, department stores, hardware stores and general retail stores.
Stores must display a QR code and people are required to check in upon entry.
COVID SAfe Check-In is quick and easy to use:
Download the mySA GOV app
Select the COVID Safe Check-In tile at the bottom of the app’s homepage
Follow the prompts to scan the QR code upon entry Check in
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There have been over 5 million check-ins to businesses, venues and events over the past two weeks.
Thank you SA for embracing COVID-SAfe Check-In and helping to keep our community COVID Safe! 👏
www.facebook.com/story.php?story_fbid=3739954036067131&id=205615536167683
h/t NadaConnor


investmentwatchblog--2020-12-14--First nurse in the USA gets the vaccine.

• New York ICU nurse Sandra Lindsay was the first to receive the COVID-19 vaccine in America this morning • The first of the vaccinations were administered on a day where the COVID-19 death toll was due to surpass 300,000 and cases and hospitalizations posted new record highs • Shipments of the frozen vaccine vials began arriving at hospitals around the country Monday so health care workers can receive the shots • The first 2.9 million doses began to be shipped to distribution centers around the country on Sunday from Pfizer ’ s manufacturing plant in Kalamazoo , Michigan • @ @ @ @ @ @ @ records for cases , hospitalizations and deaths over a seven-day period • More than 186,880 new cases were reported on Sunday as the seven-day rolling average hit 211,494 • 1,482 new deaths were reported Sunday , bringing the seven-day average to a record high of 2,427 • The US is now seeing 300 more fatalities every 24 hours than it was during the previous peak in April • The death toll across the country is now at 299,163 and infections are now at more than 16.25 million The largest vaccination campaign in US @ @ @ @ @ @ @ care nurse in New York becoming the first to receive a COVID-19 shot this morning as the death toll from the virus neared 300,000 .
Sandra Lindsay received the Pfizer shot at the Long Island Jewish Medical Center in Queens just before 9.30am this morning during a livestream with New York Gov Andrew Cuomo .
‘ It didn ’ t feel any different from taking any other vaccine , ’ Lindsay said .
‘ I feel hopeful today , relieved .
I feel like healing is coming .
I hope this marks the @ @ @ @ @ @ @ painful time in our history .
I want to instill public confidence that the vaccine is safe.
’ President Donald Trump tweeted just moments after the ICU nurse received her dose : ‘ First Vaccine Administered .
Congratulations USA !
Congratulations WORLD !
’ Vaccinations continued to roll out across the country with relieved healthcare workers rolling up their sleeves to get the shot that will protect them from COVID-19 .
Shipments of the frozen vaccine vials began arriving at hospitals around the country first thing this morning so health care workers , @ @ @ @ @ @ @ can be the first to receive the shots in a bid to beat the pandemic that has claimed 299,163 American lives and infected more than 16.25 million .
The first of the vaccinations were administered on a day where the COVID-19 death toll approached the harrowing 300,000 milestone and cases and hospitalizations posted new record highs over the past week .

New York ICU nurse Sandra Lindsay was the first to receive the COVID-19 vaccine in America this morning
The first of the vaccinations were administered on a day where the COVID-19 death toll was due to surpass 300,000 and cases and hospitalizations posted new record highs
President Trump tweeted: ‘First Vaccine Administered. Congratulations USA! Congratulations WORLD!’
Shipments of the frozen vaccine vials began arriving at hospitals around the country Monday so health care workers can receive the shots
The first 2.9 million doses began to be shipped to distribution centers around the country on Sunday from Pfizer’s manufacturing plant in Kalamazoo, Michigan
It came as the US posted new records for cases, hospitalizations and deaths over a seven-day period
More than 186,880 new cases were reported on Sunday as the seven-day rolling average hit 211,494
Hospitalizations climbed to 109,331 – marking the eighth-consecutive daily increase
1,482 new deaths were reported Sunday, bringing the seven-day average to a record high of 2,427
The US is now seeing 300 more fatalities every 24 hours than it was during the previous peak in April
The death toll across the country is now at 299,163 and infections are now at more than 16.25 million
The largest vaccination campaign in US history is now underway with an intensive care nurse in New York becoming the first to receive a COVID-19 shot this morning as the death toll from the virus neared 300,000.
Sandra Lindsay received the Pfizer shot at the Long Island Jewish Medical Center in Queens just before 9.30am this morning during a livestream with New York Gov Andrew Cuomo.
‘It didn’t feel any different from taking any other vaccine,’ Lindsay said. ‘I feel hopeful today, relieved. I feel like healing is coming. I hope this marks the beginning of the end of a very painful time in our history. I want to instill public confidence that the vaccine is safe.’
President Donald Trump tweeted just moments after the ICU nurse received her dose: ‘First Vaccine Administered. Congratulations USA! Congratulations WORLD!’
We are primarily funded by readers. Please subscribe and donate to support us!
Vaccinations continued to roll out across the country with relieved healthcare workers rolling up their sleeves to get the shot that will protect them from COVID-19.
Shipments of the frozen vaccine vials began arriving at hospitals around the country first thing this morning so health care workers, as well as nursing home residents, can be the first to receive the shots in a bid to beat the pandemic that has claimed 299,163 American lives and infected more than 16.25 million.
The first of the vaccinations were administered on a day where the COVID-19 death toll approached the harrowing 300,000 milestone and cases and hospitalizations posted new record highs over the past week.
www.dailymail.co.uk/news/article-9051623/First-Americans-receive-COVID-19-vaccine.html


investmentwatchblog--2020-12-14--Lin Wood setting Twitter on FIRE – Reminds WORLD GOVERNMENTS all their transmissions collected by DN

Lin Wood setting Twitter on FIRE – Reminds WORLD GOVERNMENTS all their transmissions collected by DNI

Traitors & enemies of America forgot one simple fact .
Every transmission through the airways is picked up by DNI @ @ @ @ @ did they forget ?
I have said for months this was NOT about an election @ @ @ @ @ intended to overthrow our Constitution .

Traitors & enemies of America forgot one simple fact. Every transmission through the airways is picked up by DNI. Israel too.
Or did they forget?
I have said for months this was NOT about an election
This is a color revolution intended to overthrow our Constitution.
Steady.
— Lin Wood (@LLinWood) December 13, 2020


investmentwatchblog--2020-12-14--Who Controls the World? These Organizations, Institutions, and Families Run the Show

The economy is run by just a few organizations , institutions , and individuals .
There has never been much @ @ @ @ @ it ’ s not linear , it ’ s not laid out .
It ’ @ @ @ @ @ events and knowledge .
Everyone plays their role without the knowledge of the others .
@ @ @ @ @ .
You don ’ t question what others are up to .
You have to @ @ @ @ @ the ladder .

The economy is run by just a few organizations, institutions, and individuals. There has never been much discussion about their activities because it’s not linear, it’s not laid out. It’s a series of compartmentalized events and knowledge. Everyone plays their role without the knowledge of the others. Just like a corporate structure. You don’t question what others are up to. You have to play ball to move up the ladder.
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investmentwatchblog--2020-12-14--House GOP Leader Trolls Dems Over Stunning Loss of Seats with One Perfect Photo

Joe Saunders from The Western journal reports , As a joke , it was a riot .
But the image @ @ @ @ @ social media on Tuesday had a message for every supporter of President Donald Trump — @ @ @ @ @ think they ’ ve destroyed him — and it ’ s deadly serious .

Joe Saunders from The Western journal reports, As a joke, it was a riot. But the image Rep. Kevin McCarthy posted to social media on Tuesday had a message for every supporter of President Donald Trump — and for the Democrats who think they’ve destroyed him — and it’s deadly serious.
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Read More/Source/Credit/FairUse:
www.westernjournal.com/house-gop-leader-trolls-dems-stunning-loss-seats-one-perfect-photo/


investmentwatchblog--2020-12-14--John Ratcliffe Shares Some SCARY News about Chinese Military that Will Send Shivers Down your Spine

Rudy Giuliani : How many Chinese Communists spies have been close to Big Democrats ?
Senator Feinstein , Eric Swallwell @ @ @ @ @ many more ?

Michael Lee from the Daily Caller reports, Director of National Intelligence John Ratcliffe warned that the Chinese military is engaged in “gene editing” that would make their military personnel “stronger and more powerful.”
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Read More/Source/Credit/FairUse:
www.washingtonexaminer.com/news/john-ratcliffe-warns-china-is-experimenting-with-gene-editing-that-would-make-its-soldiers-stronger-and-more-powerful


investmentwatchblog--2020-12-14--Experts Warning Americans to Be Prepared For Economic Collapse-Prepare For The 2021 The Year of Tota

Experts Warning Americans to Be Prepared For Economic Collapse-Prepare For The 2021 The Year of Total Economic Collapse & A Permanent Great Depression !!

What is an economic collapse ?
Simply put , an economic collapse , interchangeably used with the term financial collapse , is a series of very severe economic conditions .
Many survivalists and preppers say an economic collapse is the one thing that they are preparing for , as it includes a number of symptoms that place a risk on our necessary needs , such as food , water , power , and safety .
One of the worst factors about a financial collapse is the fact that it doesn ’ t abide by a timeline .
Natural disasters , @ @ @ @ @ @ @ are short , with their duration measuring only for days let alone weeks .
This allows recovery efforts to commence almost immediately .
Economic downturns , however , are unmeasurable in length and for most , will last a minimum of a year , with the aftereffects resonating for several years as a nation recovers .
During an economic collapse , there are symptoms that affect large companies and industries , with very visible signs felt in the family home .
For instance , common symptoms of a collapse are high bankruptcy rates @ @ @ @ @ @ @ spike in death rates ( attributable to depression or other financial causes ) , a social collapse and a high increase in crime .
What are the warning signs of an economic collapse ?
As we have seen above , a financial downturn can set in very rapidly , and before we know it we have lost our jobs , stores are shutting down , and we ’ re left high and dry .
But there are some warning signs to watch out for .
These are early indicators for a potential financial @ @ @ @ @ @ @ course , your first source is to stay up to date with the news .
All good survivalists are avid readers of politics , finance , and weather – the three things that can kick us out of our home or make us go hungry .
So inevitably , they are the go-to sections for survivalists , and anyone else that cares about what happens in the world , and indirectly themselves .
There are five signs that an economic collapse is about to happened : • Growing government debt : when an @ @ @ @ @ @ @ in to help stimulate spending again , but with a high debt , the government might not be able to make that injection .
• Stock markets trading at all-time highs : investors are taking more risk on the market , markets continue to trade higher meaning investments are bull-market driven and not research-based which could lead to a stock market bubble .
• Unemployment rate : eligible worker , retirement , and student rates all identify trends in people not contributing to the economy and could slow down economic growth • Unstable @ @ @ @ @ @ @ leader and government team in the decisions and actions that may affect the economy in various ways • Rising national debt : this means less consumer spending in the economy and more money spent on paying debt .
Robert Kiyosaki is an entrepreneur , educator , and investor , best known as the author of Rich Dad Poor Dad—the # 1 personal finance book of all time .
He has challenged and changed the way tens of millions of people around the world think about money .
And he has become a passionate @ @ @ @ @ @ @ The united states is on the brink of the first great depression since the 1920s .
It ’ ll be a total economic collapse next year .
It ’ s going to be the GREATEST Depression !
A Permanent Great Depression .
It ’ s wealth reset and middle-class destruction .
We are on the brink of a really serious financial and , to some degree , even social and environmental meltdown—increasing income and wealth inequality .
The pandemic was the tipping point that took us into an era of joblessness and poverty @ @ @ @ @ @ @ many businesses are bankrupt , and the only winners are the stock markets and the banks .
Global central banks are embarking on fresh waves of bond-buying .
Central Banks Step Up $ 5.6 Trillion Bond Binge .
This is the worst economic crisis in the US .
Yes , the central bankers are coming for what they left behind in 2008 .
We are spending trillions the way a drunkard spends his money in a rum shop .
Unemployment is at the highest level since the great depression .
The Fed will @ @ @ @ @ @ @ last drop of the blóod .
Wall Street and Main Street have different interests .
Wall Street represents the big corporations , big tech , and big banks , while Main Street is households , workers , and small businesses .
What is good for Wall Street is bad for Main Street .
The Pandemic to cover up their looting of our entire earth .
It is not the pandemic that will drag us to depression , but the political response will !
The way most big firms are going to survive and @ @ @ @ @ @ @ Wall Street or the city is by slashing the costs .
They will be slashing the labor costs but your labor costs initially .
But the labor costs for the corporations is the labor income and the consumption of the masses .
The S & P 500 is going to newer highs because the big corporations are going to become bigger , while millions of small businesses , retail shops , small enterprises are going to go bust .
The success of Wall Street is happening at the expense of Main Street .
@ @ @ @ @ @ @ , the consumers , the households , and small businesses .
While the big corporations are becoming even more powerful , even more of an oligopoly with even more concentration of economic , financial , and of political power .
There won ’ t be any small and medium businesses with sole ownership anymore from now on .
You need to work for multinational companies that run the government .
More like the Indian caste system , of which we have the company elites that rule over us ; secondly comes the security @ @ @ @ @ @ @ order ; Thirdly the workers to provide food for all , lastly the untouchables , who are the undocumented underground dwellers , a community of their own .
Digital currency with expiry dates will be the norm .
And unless we change our policies radically , we could end up in not just a greater recession like the one we had in 2020 , greater than the global financial crisis .
But we have the risk of greater depression , a depression worse than the one we had in the nineteen-thirties , and @ @ @ @ @ @ @ Report .
You are here for your daily dose of the truth , the whole truth , and nothing but the truth .
American cities are in a downward spiral financially as the economy feels the impact of the pandemic .
Even as some jobs return , each week , new jobless claims top 800,000 , a historically high number .
A stimulus bill that could help is held up in Congress and may not get through until after the election next month .
Greed continues to destroy our home , Mother Earth @ @ @ @ @ @ @ , and marine life destroyed , tech debris in our hemisphere , forests destroyed .
We ’ re moving towards a humanitarian phase , and those who resist it will find it difficult to continue in its path of destruction .
We ’ re in the midst of a staggering upheaval , a culling of the precariat , an investment class that prays to its self-sustaining algorithm , a discordant political cloud where ‘ isms ’ have lost meaning and where meaning searches for itself .
The Depression has been on for a @ @ @ @ @ @ @ Watching everything happening in the world is like watching an unstoppable train come off the rails towards you .
Everything slows down , and while you see it coming , there ’ s no stopping it .
It ’ s just a question if you can get out of the way .
The 1 % who own most of the world is ultimately those to blame .
They rigged the system to their own advantage .
Through bribes and lobbyism over the last 50-100 years .
The recession will continue for as long @ @ @ @ @ @ @ they won ’ t end it is that they don ’ t fix the problem in the long run and the stimulus checks end up in big companies like Amazon , Tesla , Apple , etc .
The money will not help the bankruptcies , people unable to pay their mortgage , and unemployment .
It ’ s will also cause inflation to the dollar , meaning everything from pensions to paychecks will be less worth .
Austerity measures are nothing but an excuse for the ultra-rich to steal everything that the middle @ @ @ @ @ @ @ It ’ s nothing but an excuse for the bank ’ s massive theft of All the assets of the middle class .
The capitalist system dreams of stimulus massive printing of paper money by giving massive free money to the richest people in the world will never achieve any real growth .
2008 tried that , and look what happened ; the government gave trillions of fiat money to the rich , expecting it to trickle down to the middle class .
Instead , what happened is they used that gift of @ @ @ @ @ @ @ , driving the stock market to boom and the middle class to become homeless .
Austerity is nothing but the theft of the assets of the middle class .
Any idiot that thinks stimulus or austerity will do anything but create a much larger wealth gap and bring on more draconian measures .
FEAR is how they control you .
Increase fear-mongering , increase the national debt , increase homelessness and job loss to all increase dependence on the government for money , food , and a roof over your head .
Think @ @ @ @ @ @ @ .
It is always a financial crisis .
Never trust the stock exchange .
It would be nice if for one day no one bought a thing .
It would be a great pleasure to see the stock exchange , central banks , federal reserve , and elitists suffer like us useless eaters/surfs .
Is the real economy still relevant ?
Look at the stock market .
It cheers and soars with every bad economic data ; the worse the data is , the higher the market goes !
Since the Fed is @ @ @ @ @ @ @ liquidity and buying junk bonds to continue to prop the bubbles of everything from the bond to equity markets , so what , even if bankruptcy and unemployment surpass the Great Depression ?
It looks like value investing is dead .
All those 401k steadily contributing , paycheck by paycheck , propping it all up .
Like fractional reserve banking , but the fractional reserve of human labor trickling into 401k purchases .
If most of those contributions are from Baby Boomers , then what happens when they leave the workforce and are @ @ @ @ @ @ @ mandatory distribution timeframes .
When we have net sellers of stock , down she goes .
A MONSTER FINANCIAL CRISIS is coming , but the plan is for The Fed and Central Banks to boost corporate/government partnership and then starve out the people , scare them into wearing a mandatory mask and receive a mandatory vaccine .
The Great rest is being pushed by the power in the US Government .
Owning a business , small business won ’ t be allowed .
People will be oppressed and starved .
Will have to @ @ @ @ @ @ @ as a slave .
People will be slaves .
According to The Great Reset , the government will forgive all your debt .
The catch is that you will forfeit your right to own anything in the future ( business , home , land , vehicles ) .
People will accept this deal by the hundreds of millions , if not billions .
Making themselves forever slaves with only the freedom their government chooses to allow them .
Central bank interest rates are all very low at the moment to try to stimulate @ @ @ @ @ @ @ seem to have forgotten that the other lever they have is taxes .
Governments could lower taxes to stimulate the economy .
At low borrowing rates , this isn ’ t as daft as it seems because repaying the current level of debt isn ’ t as urgent as it once was .
Because the cost of government borrowing is so low , the debts most countries are carrying will not cost them much ( or anything if the bank rates are less than inflation ) .
Currently , we live in a @ @ @ @ @ @ @ being successful is seen as a good and virtuous thing to do .
This is done by increasing taxes on everything that a few do-gooders can justify .
It is also fashionable to try to regulate companies more and more so that their behavior is controlled into a narrow path that fits what a very vocal ( but small ) section of the population thinks is ‘ right.
’ Again , more virtue signaling .
The truth is that companies can not operate in the highly regulated market and give good returns .
@ @ @ @ @ @ @ desire to hold companies to impossible standards has made it impossible for them to operate , grow earnings , and return profits to shareholders .
At the current tax levels and regulation standards , it has made it unattractive to run a company .
The ‘ virtue signallers ’ out there who believe that companies should be taxed heavily and only allowed to operate under very restrictive conditions are simply missing the effect they are promoting .
This constant corporate bashing and tax-raising make everyone poorer in the long run , not just @ @ @ @ @ @ @ to target .
The end result is that a country doesn ’ t have the money to do the virtuous things it wants to do , so they don ’ t happen anyway .
I have little confidence that the new administration will rush to lower taxes and stimulate commerce in the USA with lower regulation , quite the opposite , in fact !
They will probably strangle the US economy as he tries to signal to the world how the third-way socialism can save the world .
And even if you wanted @ @ @ @ @ @ @ negative interest on large cash holdings .
It ’ s actually not possible to do anything else than buy stocks .
And all the printed money has the same problem .
That ’ s why evaluations don ’ t seem to matter .
If just some analyst somewhere spits out a random price target , stock hits it the day after .
I actually thought price targets were a year out , not a day , but never mind as long as it all goes up .
I long stopped caring about being @ @ @ @ @ @ @ ’ s all a big joke , and it doesn ’ t matter if they make toilet paper or rockets .
Printing trillions and won ’ t give their citizens a crumb .
The Federal Reserve owns a massive amount of the housing market , something like 30 % at the moment .
And they have been pumping massive funds into Fortune 500 companies , mutual , and index to prop up this economy .
It is entirely fake .
According to the Department of Labor , we lost some millions of jobs @ @ @ @ @ @ @ September and December 1st this year , we have recouped a whopping 9 % of the jobs lost due to the shutdowns .
They can cheer all they want about having a 33 % GDP , which means absolutely nothing if you understand what numbers encompass GDP .
We are surfing on an entirely fake market as of right now , with only the Federal Government propping it up with newly inflated tax dollars .
America is more corrupt than Venezuela and Russia put together .
And you think the powers that be @ @ @ @ @ @ @ prop up their own assets no matter what ?
That was the entire point of the QE , i.e.
, massive ongoing asset inflation for the wealthy and economic and literal death for the middle class .
And now it will return , better than ever .
Stock and real estate prices are perpetually supported by zero interest rates , while wage earners become weaker and weaker .
Fentanyl and welfare for the middle class ; more money and power for the elites .
This dead GDP was always a feature , not @ @ @ @ @ @ @ and our politicians ’ Chinese patrons directly in economic terms while it economically , socially , and psychologically cripples potential ladder-climbers who might have the effrontery to oppose them .
You serfs are going to have to get vaccinated in order to receive a stimulus check .
If people don ’ t see the timing of the stimulus conversion as being convenient , they ’ re dumb .
They pretended to not be able to reach an agreement for months , but they appear willing to work together now that they are rolling @ @ @ @ @ @ @ this collection The Lost Book Of Remedies , taken word for word out of a circa 1845 manual .
What is The Lost Book of Remedies ?
The Lost Book of Remedies PDF contains a series of medicinal and herbal recipes to make home made remedies from medicinal plants and herbs .
Chromic diseases and maladies can be overcome by taking the remedies outlined in this book .
The writer claims that his grandfather was taught herbalism and healing whilst in active service during world war two and that he has treated many @ @ @ @ @ @ @ If a financial collapse does occur , you are going to want to start prepping so that , should an economic downturn occur , you have enough food saved up while you either grow your own food in the garden to supplement it , or find another source of free food .
Chances are you will need food more than water as water will still run , but stores may close down and shelves may empty out quite quickly .
Food Crisis queuing case of a food shortage you should be aware that @ @ @ @ @ @ @ of food in stock .
People will rush and buy as much as they can so probably the food will vanish in less than a day or hours .
So if anything was to disrupt the food supply chain for an extended period of time , there would be chaos in most communities .
It ’ s very important to start preparing NOW .
There are several ways to start .
The choice you make should depend on the event you are preparing for .
Of course the best way is to prepare @ @ @ @ @ @ @ Part of our guide to start prepping involves identifying a but out plan , location , a suitable bug out bag and bug out contents .
If a true economic collapse was to occur , there will be a high increase in crime rates , social disorder , looting and likely clashes with law enforcement and military .
It is a safe option to consider leaving busy urban areas as these are most likely the areas that will be prone to violence .
America is in trillions of dollars in debt this bubble @ @ @ @ @ @ @ understands that .

by Amy S.
What is an economic collapse?
Simply put, an economic collapse, interchangeably used with the term financial collapse, is a series of very severe economic conditions. Many survivalists and preppers say an economic collapse is the one thing that they are preparing for, as it includes a number of symptoms that place a risk on our necessary needs, such as food, water, power, and safety.
One of the worst factors about a financial collapse is the fact that it doesn’t abide by a timeline. Natural disasters, for instance, while very destructive, are short, with their duration measuring only for days let alone weeks. This allows recovery efforts to commence almost immediately. Economic downturns, however, are unmeasurable in length and for most, will last a minimum of a year, with the aftereffects resonating for several years as a nation recovers.
During an economic collapse, there are symptoms that affect large companies and industries, with very visible signs felt in the family home. For instance, common symptoms of a collapse are high bankruptcy rates, widespread unemployment, hyperinflation, a spike in death rates (attributable to depression or other financial causes), a social collapse and a high increase in crime.
What are the warning signs of an economic collapse?
As we have seen above, a financial downturn can set in very rapidly, and before we know it we have lost our jobs, stores are shutting down, and we’re left high and dry. But there are some warning signs to watch out for. These are early indicators for a potential financial downturn and possible economic collapse.
Of course, your first source is to stay up to date with the news. All good survivalists are avid readers of politics, finance, and weather – the three things that can kick us out of our home or make us go hungry. So inevitably, they are the go-to sections for survivalists, and anyone else that cares about what happens in the world, and indirectly themselves.
There are five signs that an economic collapse is about to happened:
Growing government debt: when an economy slows, the government usually steps in to help stimulate spending again, but with a high debt, the government might not be able to make that injection. Stock markets trading at all-time highs: investors are taking more risk on the market, markets continue to trade higher meaning investments are bull-market driven and not research-based which could lead to a stock market bubble. Unemployment rate: eligible worker, retirement, and student rates all identify trends in people not contributing to the economy and could slow down economic growth Unstable government: this boils down to the leader and government team in the decisions and actions that may affect the economy in various ways Rising national debt: this means less consumer spending in the economy and more money spent on paying debt.
Robert Kiyosaki is an entrepreneur, educator, and investor, best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time. He has challenged and changed the way tens of millions of people around the world think about money. And he has become a passionate and outspoken advocate for financial education.
The united states is on the brink of the first great depression since the 1920s. It’ll be a total economic collapse next year. It’s going to be the GREATEST Depression! A Permanent Great Depression. It’s wealth reset and middle-class destruction. We are on the brink of a really serious financial and, to some degree, even social and environmental meltdown—increasing income and wealth inequality. The pandemic was the tipping point that took us into an era of joblessness and poverty. Millions of people are jobless, many businesses are bankrupt, and the only winners are the stock markets and the banks. Global central banks are embarking on fresh waves of bond-buying. Central Banks Step Up $5.6 Trillion Bond Binge.
This is the worst economic crisis in the US. Yes, the central bankers are coming for what they left behind in 2008. We are spending trillions the way a drunkard spends his money in a rum shop. Unemployment is at the highest level since the great depression. The Fed will prop up the Stock Exchange with the last drop of the blóod. Wall Street and Main Street have different interests. Wall Street represents the big corporations, big tech, and big banks, while Main Street is households, workers, and small businesses. What is good for Wall Street is bad for Main Street. The Pandemic to cover up their looting of our entire earth. It is not the pandemic that will drag us to depression, but the political response will! The way most big firms are going to survive and thrive and achieve the earnings target of Wall Street or the city is by slashing the costs.
They will be slashing the labor costs but your labor costs initially. But the labor costs for the corporations is the labor income and the consumption of the masses. The S&P 500 is going to newer highs because the big corporations are going to become bigger, while millions of small businesses, retail shops, small enterprises are going to go bust.
The success of Wall Street is happening at the expense of Main Street. Those who are suffering are the workers, the consumers, the households, and small businesses. While the big corporations are becoming even more powerful, even more of an oligopoly with even more concentration of economic, financial, and of political power. There won’t be any small and medium businesses with sole ownership anymore from now on .
You need to work for multinational companies that run the government. More like the Indian caste system, of which we have the company elites that rule over us; secondly comes the security (enforcer-judge-jury-executioner) to keep things in order; Thirdly the workers to provide food for all, lastly the untouchables, who are the undocumented underground dwellers, a community of their own. Digital currency with expiry dates will be the norm. And unless we change our policies radically, we could end up in not just a greater recession like the one we had in 2020, greater than the global financial crisis. But we have the risk of greater depression, a depression worse than the one we had in the nineteen-thirties ,and slavery. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth.
American cities are in a downward spiral financially as the economy feels the impact of the pandemic. Even as some jobs return, each week, new jobless claims top 800,000, a historically high number. A stimulus bill that could help is held up in Congress and may not get through until after the election next month. Greed continues to destroy our home, Mother Earth. Wars/bombs, toxic rivers, oceans, and marine life destroyed, tech debris in our hemisphere, forests destroyed. We’re moving towards a humanitarian phase, and those who resist it will find it difficult to continue in its path of destruction. We’re in the midst of a staggering upheaval, a culling of the precariat, an investment class that prays to its self-sustaining algorithm, a discordant political cloud where ‘isms’ have lost meaning and where meaning searches for itself.
The Depression has been on for a long time, at its most. Watching everything happening in the world is like watching an unstoppable train come off the rails towards you. Everything slows down, and while you see it coming, there’s no stopping it. It’s just a question if you can get out of the way. The 1% who own most of the world is ultimately those to blame. They rigged the system to their own advantage. Through bribes and lobbyism over the last 50-100 years. The recession will continue for as long as the lockdowns continue. The reason they won’t end it is that they don’t fix the problem in the long run and the stimulus checks end up in big companies like Amazon, Tesla, Apple, etc.
The money will not help the bankruptcies, people unable to pay their mortgage, and unemployment. It’s will also cause inflation to the dollar, meaning everything from pensions to paychecks will be less worth. Austerity measures are nothing but an excuse for the ultra-rich to steal everything that the middle class had worked hard to gain. It’s nothing but an excuse for the bank’s massive theft of All the assets of the middle class. The capitalist system dreams of stimulus massive printing of paper money by giving massive free money to the richest people in the world will never achieve any real growth. 2008 tried that, and look what happened; the government gave trillions of fiat money to the rich, expecting it to trickle down to the middle class. Instead, what happened is they used that gift of that money to buy back their shares, driving the stock market to boom and the middle class to become homeless. Austerity is nothing but the theft of the assets of the middle class. Any idiot that thinks stimulus or austerity will do anything but create a much larger wealth gap and bring on more draconian measures. FEAR is how they control you. Increase fear-mongering, increase the national debt, increase homelessness and job loss to all increase dependence on the government for money, food, and a roof over your head.
Think sheep, think hard about these things. It is always a financial crisis. Never trust the stock exchange. It would be nice if for one day no one bought a thing. It would be a great pleasure to see the stock exchange, central banks, federal reserve, and elitists suffer like us useless eaters/surfs. Is the real economy still relevant? Look at the stock market. It cheers and soars with every bad economic data; the worse the data is, the higher the market goes! Since the Fed is willing to go low by unleashing unlimited liquidity and buying junk bonds to continue to prop the bubbles of everything from the bond to equity markets, so what, even if bankruptcy and unemployment surpass the Great Depression?
It looks like value investing is dead. All those 401k steadily contributing, paycheck by paycheck, propping it all up. Like fractional reserve banking, but the fractional reserve of human labor trickling into 401k purchases. If most of those contributions are from Baby Boomers, then what happens when they leave the workforce and are not still net purchasers. Think towards mandatory distribution timeframes. When we have net sellers of stock, down she goes.
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A MONSTER FINANCIAL CRISIS is coming, but the plan is for The Fed and Central Banks to boost corporate/government partnership and then starve out the people, scare them into wearing a mandatory mask and receive a mandatory vaccine. The Great rest is being pushed by the power in the US Government. Owning a business, small business won’t be allowed. People will be oppressed and starved. Will have to sell the property then self to survive as a slave. People will be slaves.
According to The Great Reset, the government will forgive all your debt. The catch is that you will forfeit your right to own anything in the future (business, home, land, vehicles).
People will accept this deal by the hundreds of millions, if not billions. Making themselves forever slaves with only the freedom their government chooses to allow them. Central bank interest rates are all very low at the moment to try to stimulate the economies of the world. Governments seem to have forgotten that the other lever they have is taxes. Governments could lower taxes to stimulate the economy. At low borrowing rates, this isn’t as daft as it seems because repaying the current level of debt isn’t as urgent as it once was. Because the cost of government borrowing is so low, the debts most countries are carrying will not cost them much (or anything if the bank rates are less than inflation). Currently, we live in a world where punishing people and companies for being successful is seen as a good and virtuous thing to do .
This is done by increasing taxes on everything that a few do-gooders can justify. It is also fashionable to try to regulate companies more and more so that their behavior is controlled into a narrow path that fits what a very vocal (but small) section of the population thinks is ‘right.’ Again, more virtue signaling.
The truth is that companies cannot operate in the highly regulated market and give good returns. Why? Because increasing regulation and the desire to hold companies to impossible standards has made it impossible for them to operate, grow earnings, and return profits to shareholders. At the current tax levels and regulation standards, it has made it unattractive to run a company. The ‘virtue signallers’ out there who believe that companies should be taxed heavily and only allowed to operate under very restrictive conditions are simply missing the effect they are promoting.
This constant corporate bashing and tax-raising make everyone poorer in the long run, not just the wealthy that the virtue signallers hope to target. The end result is that a country doesn’t have the money to do the virtuous things it wants to do, so they don’t happen anyway. I have little confidence that the new administration will rush to lower taxes and stimulate commerce in the USA with lower regulation, quite the opposite, in fact! They will probably strangle the US economy as he tries to signal to the world how the third-way socialism can save the world. And even if you wanted to go cash, there’s negative interest on large cash holdings. It’s actually not possible to do anything else than buy stocks. And all the printed money has the same problem.
That’s why evaluations don’t seem to matter. If just some analyst somewhere spits out a random price target, stock hits it the day after. I actually thought price targets were a year out, not a day, but never mind as long as it all goes up. I long stopped caring about being an owner of a company. It’s all a big joke, and it doesn’t matter if they make toilet paper or rockets. Printing trillions and won’t give their citizens a crumb.
The Federal Reserve owns a massive amount of the housing market, something like 30% at the moment. And they have been pumping massive funds into Fortune 500 companies, mutual, and index to prop up this economy. It is entirely fake. According to the Department of Labor, we lost some millions of jobs permanently in the year 2020. Since September and December 1st this year, we have recouped a whopping 9% of the jobs lost due to the shutdowns.
They can cheer all they want about having a 33% GDP, which means absolutely nothing if you understand what numbers encompass GDP. We are surfing on an entirely fake market as of right now, with only the Federal Government propping it up with newly inflated tax dollars. America is more corrupt than Venezuela and Russia put together. And you think the powers that be can’t and won’t prop up their own assets no matter what? That was the entire point of the QE, i.e., massive ongoing asset inflation for the wealthy and economic and literal death for the middle class. And now it will return, better than ever. Stock and real estate prices are perpetually supported by zero interest rates, while wage earners become weaker and weaker. Fentanyl and welfare for the middle class; more money and power for the elites.
This dead GDP was always a feature, not a bug. It helps the globalists and our politicians’ Chinese patrons directly in economic terms while it economically, socially, and psychologically cripples potential ladder-climbers who might have the effrontery to oppose them. You serfs are going to have to get vaccinated in order to receive a stimulus check. If people don’t see the timing of the stimulus conversion as being convenient, they’re dumb. They pretended to not be able to reach an agreement for months, but they appear willing to work together now that they are rolling out vaccines?
Take a look at this collection The Lost Book Of Remedies, taken word for word out of a circa 1845 manual.
What is The Lost Book of Remedies? The Lost Book of Remedies PDF contains a series of medicinal and herbal recipes to make home made remedies from medicinal plants and herbs. Chromic diseases and maladies can be overcome by taking the remedies outlined in this book. The writer claims that his grandfather was taught herbalism and healing whilst in active service during world war two and that he has treated many soldiers with his home made cures.
People need to start preparing.
If a financial collapse does occur, you are going to want to start prepping so that, should an economic downturn occur, you have enough food saved up while you either grow your own food in the garden to supplement it, or find another source of free food. Chances are you will need food more than water as water will still run, but stores may close down and shelves may empty out quite quickly.
Food Crisis queuing case of a food shortage you should be aware that grocery stores only have about 3 days of food in stock. People will rush and buy as much as they can so probably the food will vanish in less than a day or hours. So if anything was to disrupt the food supply chain for an extended period of time, there would be chaos in most communities. It’s very important to start preparing NOW. There are several ways to start. The choice you make should depend on the event you are preparing for. Of course the best way is to prepare for all scenarios including long periods.
Part of our guide to start prepping involves identifying a but out plan, location, a suitable bug out bag and bug out contents. If a true economic collapse was to occur, there will be a high increase in crime rates, social disorder, looting and likely clashes with law enforcement and military. It is a safe option to consider leaving busy urban areas as these are most likely the areas that will be prone to violence.
America is in trillions of dollars in debt this bubble is gonna collapse and no one understands that.


investmentwatchblog--2020-12-14--The US Treasury Market Is Facing A Train Wreck (will T-bill rates will be negative for a significant

The US Treasury Market Is Facing A Train Wreck (will T-bill rates will be negative for a significant period?)

It is possible , even likely , that T-bill rates will be negative for a significant period The US Treasury market , supposed to be the supplier of the world ’ s risk-free assets , is facing a very educational 2021 .
As Mark Cabana , head of US rates strategy for BofA Securities , says : “ There is going to be a train wreck at the front end of the [ Treasury ] curve next year .
There is way too much cash chasing too little paper.
” Given what we know today about the US government ’ @ @ @ @ @ @ @ months and its cash on hand , it is possible , even likely , that Treasury bill rates will be negative for a significant period of time .
Other key interest rates , such as SOFR , the new lending benchmark , could well follow T-bills into negative territory .
Managing the effects of negative bill rates on banks and other market participants will require the ingenuity of the Federal Reserve and the new Treasury staff in applying their policy “ toolbox ” .
All while avoiding any unforeseen consequences , such as @ @ @ @ @ @ @ It would help everyone concerned if there were anything close to a political consensus on the path of federal spending and borrowing over the near future , never mind major policy changes .
At the moment , the Treasury dealers and market participants are like an engine-room gang in a nuclear aircraft carrier , fighting over who occupies the bridge while there ’ s a slow-burning fire ( the pandemic ) in the crew ’ s quarters .
Overstatement ?
Consider this : under one of the laws governing Treasury issuance , the @ @ @ @ @ @ @ ’ s current account ) has a present balance of a bit more than $ 1.5tn .
That is historically high .
Under the budget law adopted in August 2019 , which includes a debt ceiling limit , the TGA should be reduced to $ 133bn by August of next year .
Assuming , generously , that something like the current stimulus bill outline turns into executable law , that leaves the Treasury needing to allow somewhere between $ 500bn and $ 900bn of T-bills to mature in the first half of the @ @ @ @ @ @ @ .
Depending on the breaks .
That is a lot of cash that money market funds and others would need to redeploy .
Oh , and Treasury securities provide another essential function , in that they can be pledged as collateral for variation margin calls at dealers or clearing houses if there ’ s any market volatility next year .
Volatility in Treasury markets would be a nice change .
Yes , 3m Treasury bill yields have plunged since September as The Fed has continued increasing the size of their balance sheet … @ @ @ @ @ @ @ quote Martha and the Vandellas , no where to run , no where to hide .

by confoundedinterest17
It is possible, even likely, that T-bill rates will be negative for a significant period
The US Treasury market, supposed to be the supplier of the world’s risk-free assets, is facing a very educational 2021. As Mark Cabana, head of US rates strategy for BofA Securities, says: “There is going to be a train wreck at the front end of the [Treasury] curve next year. There is way too much cash chasing too little paper.”
Given what we know today about the US government’s likely spending over the next several months and its cash on hand, it is possible, even likely, that Treasury bill rates will be negative for a significant period of time. Other key interest rates, such as SOFR, the new lending benchmark, could well follow T-bills into negative territory.
Managing the effects of negative bill rates on banks and other market participants will require the ingenuity of the Federal Reserve and the new Treasury staff in applying their policy “toolbox”. All while avoiding any unforeseen consequences, such as we saw in March this year.
It would help everyone concerned if there were anything close to a political consensus on the path of federal spending and borrowing over the near future, never mind major policy changes. At the moment, the Treasury dealers and market participants are like an engine-room gang in a nuclear aircraft carrier, fighting over who occupies the bridge while there’s a slow-burning fire (the pandemic) in the crew’s quarters.
Overstatement? Consider this: under one of the laws governing Treasury issuance, the Treasury General Account (the US government’s current account) has a present balance of a bit more than $1.5tn. That is historically high. Under the budget law adopted in August 2019, which includes a debt ceiling limit, the TGA should be reduced to $133bn by August of next year.
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Assuming, generously, that something like the current stimulus bill outline turns into executable law, that leaves the Treasury needing to allow somewhere between $500bn and $900bn of T-bills to mature in the first half of the year without being replaced by new issuance. Depending on the breaks.
That is a lot of cash that money market funds and others would need to redeploy. Oh, and Treasury securities provide another essential function, in that they can be pledged as collateral for variation margin calls at dealers or clearing houses if there’s any market volatility next year.
Volatility in Treasury markets would be a nice change.
Yes, 3m Treasury bill yields have plunged since September as The Fed has continued increasing the size of their balance sheet … with no end in sight.
To quote Martha and the Vandellas, no where to run, no where to hide.


investmentwatchblog--2020-12-15--DoorDash: The Most Ridiculous IPO Of 2020

Is it a coincidence that DoorDash ( DASH ) filed for its IPO so soon after vaccines for COVID-19 were announced ?
I think DoorDash ’ s current investors and bankers recognize that the window of opportunity to IPO this terrible business closes quickly when the threat of COVID-driven lockdowns no longer drives growth in food delivery demand .
With the latest S-1 filed , DoorDash is aiming for a price range of $ 75- $ 85 , which could give the firm a valuation of $ 23.8 billion to $ 27.0 billion ( $ 25.4 billion midpoint ) .
@ @ @ @ @ @ @ the firm ’ s last private valuation of $ 16 billion .
At a valuation of $ 25.4 billion , DoorDash earns an unattractive rating and would be the most ridiculous IPO of 2020 .
I think this proposed public equity offering holds no value , $ 0 , beyond bailing out private investors before unsuspecting public investors realize the business is not viable in its current form .
This IPO reminds me of WeWork ’ s attempted IPO , which I called The Most Ridiculous IPO of 2019 , because DoorDash ’ @ @ @ @ @ @ @ fact that this company made it to the pre-IPO stage reflects the overblown fervor of the work-from-home theme .
It is not a good idea to invest in businesses that have :

Is it a coincidence that DoorDash (DASH) filed for its IPO so soon after vaccines for COVID-19 were announced? I think DoorDash’s current investors and bankers recognize that the window of opportunity to IPO this terrible business closes quickly when the threat of COVID-driven lockdowns no longer drives growth in food delivery demand.
With the latest S-1 filed, DoorDash is aiming for a price range of $75-$85, which could give the firm a valuation of $23.8 billion to $27.0 billion ($25.4 billion midpoint). Such a valuation would be well above the firm’s last private valuation of $16 billion. At a valuation of $25.4 billion, DoorDash earns an unattractive rating and would be the most ridiculous IPO of 2020. I think this proposed public equity offering holds no value, $0, beyond bailing out private investors before unsuspecting public investors realize the business is not viable in its current form.
This IPO reminds me of WeWork’s attempted IPO, which I called The Most Ridiculous IPO of 2019, because DoorDash’s business is similarly disadvantaged. The fact that this company made it to the pre-IPO stage reflects the overblown fervor of the work-from-home theme. It is not a good idea to invest in businesses that have:


investmentwatchblog--2020-12-15--JP Morgan taking a page out of Goldman’s book

Well , it looks like JPM is taking a page out of the Goldman Sachs book , and are currently @ @ @ @ @ structured product .
It ’ s essentially a CDO made up of 3 ARK funds @ @ @ @ @ is a note , but yet there is no dividend , or coupon payment .
@ @ @ @ @ plus the risk-adjusted return of the lowest performing ARK fund in the set of the @ @ @ @ @ only offering about $ 500,000 in total , which makes me wonder what ’ s @ @ @ @ @ s probably some CPS ( Cross Product Sales ) asshole trying to get a Christmas @ @ @ @ @ JPM was the moral , sophisticated older brother of the big banks .
Anyway , @ @ @ @ @ below .
Let me know what you think .

by GammaRisk
Well, it looks like JPM is taking a page out of the Goldman Sachs book, and are currently pushing an absolute dog shit structured product. It’s essentially a CDO made up of 3 ARK funds, leveraged 1.5x. It is a note, but yet there is no dividend, or coupon payment. Your only payout is principal plus the risk-adjusted return of the lowest performing ARK fund in the set of the 3. They’re only offering about $500,000 in total, which makes me wonder what’s the point? It’s probably some CPS (Cross Product Sales) asshole trying to get a Christmas bonus.
I always thought JPM was the moral, sophisticated older brother of the big banks. Anyway, the full prospectus is down below.
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www.sec.gov/Archives/edgar/data/0001665650/000121390020041505/s129095_424b2.htm
Let me know what you think.


investmentwatchblog--2020-12-15--Retail traders are speculating in stocks in the largest numbers since the 1990s because it’s so easy

Retail traders are speculating in stocks in the largest numbers since the 1990s because it’s so easy to trade on your phone.   Don’t worry! The bubble will end.

We were surprised to see that consumer sentiment rose in December despite the spike in COVID-19 cases and economic restrictions .
In NYC , indoor dining was closed starting Monday .
There are tough restrictions in California as well .
Despite this , the December University of Michigan consumer sentiment index rose from 76.9 to 81.4 which beat estimates for 76 and the highest estimate which was 78 .
Current conditions rose from 87 to 91.8 despite the recent spike in initial jobless claims and the coming expiration of pandemic benefits on December 26th if Congress doesn ’ t pass @ @ @ @ @ @ @ to 74.7 which makes more sense because the vaccines are coming soon .
2.9 million Pfizer vaccine doses are being sent to America this week following the approval by the FDA .
Next up is the Moderna vaccine .
Consumer sentiment increased because politics was a bigger deal than the virus .
From August to December , consumer expectations among Democrats rose 39.5 points and it fell 34.9 points among Republicans .
Democrats are more likely to worry about the virus .
They probably think because a Democrat is president , the virus @ @ @ @ @ @ @ for Republicans .
The January 5th Georgia Senate elections will determine the balance of the upper chamber .
The Dems need to win both seats to split the Senate in half .
The tie vote goes to the VP which is a Democrat .
The BAC card spending data has been better than the JP Morgan card spending data recently .
On a cumulative basis , from November 1st to December 5th holiday sales were up 19 % .
Goods spending dominated .
As you can see from the chart above , core @ @ @ @ @ @ @ in the week leading up to Black Friday than last year .
Remember , sales outperformed in October because of Prime Day and the subsequent discounts from competitors with Amazon .
Sales weren ’ t as strong as last year after Black Friday .
Spending will probably peak earlier ( before Christmas ) than last year because people can ’ t buy goods at the last minute online like they can in stores .
Spending at stores won ’ t be prominent because of the virus .
People are discovering stock trading on @ @ @ @ @ @ @ the hot new trend like how a consumer good/service becomes popular and fades .
The brokerage apps are the Pokémon Go of 2020 .
Scarily , new traders have discovered weekly call options and triple leveraged ETFs .
This isn ’ t a game .
We think because it is easier than ever to invest and because people are stuck at home , they are trading themselves .
It also helps that stocks have done well .
Retail traders have gotten so large , they move stocks themselves .
Robinhood is a relatively @ @ @ @ @ @ @ long term data from E*TRADE and TD Ameritrade .
As you can see from the chart above , the daily average revenue trades ( DARTs ) have gone parabolic this year .
Frenzies like this never end well .
Generally , these investors are bad stock pickers as they all pile into the same names .
They are buying airline and cruise stocks which have diluted shareholders all year .
This brings us to the screengrab below .
Stock bubbles always end because of added supply .
Investment bankers see the areas of @ @ @ @ @ @ @ attention and they coordinate capital raises .
It ’ s a natural balancing act .
It ’ s not that difficult to start a company with high sales growth that has no profits or has no sales at all and is just an idea .
When companies go public with just concepts , you know the bankers are really scraping the bottom of the barrel to add supply .
This is ironically what speculators want even though they are bad businesses .
Speculators don ’ t want to hold the shares long term @ @ @ @ @ @ @ the rise and get out before the bust .
It ’ s easier if a company doesn ’ t have sales because they can make projections without worrying about reality .
The area where this is the most common is self-driving cars .
The key here is to make projections for software-like margins and then worry about if it ’ s actually coming later on .
This is just like the 1990s tech bubble .
The problem for frantic speculators was the popular stocks mostly weren ’ t the new technology winners .
@ @ @ @ @ @ @ vaccine was approved by the FDA .
This was expected .
At this point , if there are any hiccups in the distribution , it ’ s very bearish for reopening stocks because traders have front run the recovery .
The earlier you are in buying the stocks , the most risk you are taking but the more rewards are earned if it goes well .
The chart above shows the timing of the doses given out in America and the percentage of the population that will be vaccinated in a bull , @ @ @ @ @ @ @ half of the country should be vaccinated by April .
Experts believe 80 % to 90 % of the population needs to be immune from COVID-19 because of the vaccine or a prior infection to reach herd immunity .
According to a Deutsche Bank poll of investors which asked about the biggest risks facing global markets in 2021 , the top 3 responses were about COVID-19 .
The top was the virus mutates and dodges the vaccine .
The 2nd was the vaccine causes serious side effects .
The third was enough people @ @ @ @ @ @ @ slows the reopening process .
Consumer sentiment rose in December for political reasons .
BAC card data suggests this has been a good holiday shopping season .
Retail traders are speculating in stocks in the largest numbers since the 1990s tech boom because it ’ s so easy to trade on your phone .
If you are worried the bubble won ’ t end , don ’ t !
Investment banks will add supply in these speculative areas until the bubble ends .
The Pfizer vaccine was approved by the FDA .
The @ @ @ @ @ @ @ about getting everyone vaccinated so the country can reopen .

by UPFINA
We were surprised to see that consumer sentiment rose in December despite the spike in COVID-19 cases and economic restrictions. In NYC, indoor dining was closed starting Monday. There are tough restrictions in California as well. Despite this, the December University of Michigan consumer sentiment index rose from 76.9 to 81.4 which beat estimates for 76 and the highest estimate which was 78.
Current conditions rose from 87 to 91.8 despite the recent spike in initial jobless claims and the coming expiration of pandemic benefits on December 26th if Congress doesn’t pass an extension. Expectations rose from 70.5 to 74.7 which makes more sense because the vaccines are coming soon. 2.9 million Pfizer vaccine doses are being sent to America this week following the approval by the FDA. Next up is the Moderna vaccine.
Consumer sentiment increased because politics was a bigger deal than the virus. From August to December, consumer expectations among Democrats rose 39.5 points and it fell 34.9 points among Republicans. Democrats are more likely to worry about the virus. They probably think because a Democrat is president, the virus will be handled better and vice versa for Republicans. The January 5th Georgia Senate elections will determine the balance of the upper chamber. The Dems need to win both seats to split the Senate in half. The tie vote goes to the VP which is a Democrat.
Good Holiday Shopping Season
The BAC card spending data has been better than the JP Morgan card spending data recently. On a cumulative basis, from November 1st to December 5th holiday sales were up 19%. Goods spending dominated.
As you can see from the chart above, core control group ex grocery sales were stronger in the week leading up to Black Friday than last year. Remember, sales outperformed in October because of Prime Day and the subsequent discounts from competitors with Amazon. Sales weren’t as strong as last year after Black Friday. Spending will probably peak earlier (before Christmas) than last year because people can’t buy goods at the last minute online like they can in stores. Spending at stores won’t be prominent because of the virus.
Retail Traders Lead The Charge
People are discovering stock trading on a mass scale. It’s the hot new trend like how a consumer good/service becomes popular and fades. The brokerage apps are the Pokémon Go of 2020. Scarily, new traders have discovered weekly call options and triple leveraged ETFs. This isn’t a game. We think because it is easier than ever to invest and because people are stuck at home, they are trading themselves. It also helps that stocks have done well. Retail traders have gotten so large, they move stocks themselves.
FOMO on a digital level never seen before 😵 pic.twitter.com/a1ds6X8NrY — Genevieve Roch-Decter, CFA (@GRDecter) December 11, 2020
Robinhood is a relatively new trading app, but we have long term data from E*TRADE and TD Ameritrade. As you can see from the chart above, the daily average revenue trades (DARTs) have gone parabolic this year. Frenzies like this never end well. Generally, these investors are bad stock pickers as they all pile into the same names. They are buying airline and cruise stocks which have diluted shareholders all year.
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This brings us to the screengrab below.
Stock bubbles always end because of added supply. Investment bankers see the areas of the market that are getting the most attention and they coordinate capital raises. It’s a natural balancing act. It’s not that difficult to start a company with high sales growth that has no profits or has no sales at all and is just an idea. When companies go public with just concepts, you know the bankers are really scraping the bottom of the barrel to add supply. This is ironically what speculators want even though they are bad businesses. Speculators don’t want to hold the shares long term. They try to get in for the rise and get out before the bust.
It’s easier if a company doesn’t have sales because they can make projections without worrying about reality. The area where this is the most common is self-driving cars. The key here is to make projections for software-like margins and then worry about if it’s actually coming later on. This is just like the 1990s tech bubble. The problem for frantic speculators was the popular stocks mostly weren’t the new technology winners.
Vaccine Coming Soon
As we mentioned, Pfizer’s vaccine was approved by the FDA. This was expected. At this point, if there are any hiccups in the distribution, it’s very bearish for reopening stocks because traders have front run the recovery. The earlier you are in buying the stocks, the most risk you are taking but the more rewards are earned if it goes well.
The light at the end of #COVID19 tunnel is coming into view as vaccinations look set to start imminently
But let’s not get blinded by the light
The #vaccine rollout will take months & herd immunity is still a long way off
We need an attentive eye toward the health situation today pic.twitter.com/TRaRd2KLdq — Gregory Daco (@GregDaco) December 11, 2020
The chart above shows the timing of the doses given out in America and the percentage of the population that will be vaccinated in a bull, bear, and base case. About half of the country should be vaccinated by April. Experts believe 80% to 90% of the population needs to be immune from COVID-19 because of the vaccine or a prior infection to reach herd immunity.
According to a Deutsche Bank poll of investors which asked about the biggest risks facing global markets in 2021, the top 3 responses were about COVID-19. The top was the virus mutates and dodges the vaccine. The 2nd was the vaccine causes serious side effects. The third was enough people refuse to take the vaccine that it slows the reopening process.
Conclusion
Consumer sentiment rose in December for political reasons. BAC card data suggests this has been a good holiday shopping season. Retail traders are speculating in stocks in the largest numbers since the 1990s tech boom because it’s so easy to trade on your phone. If you are worried the bubble won’t end, don’t! Investment banks will add supply in these speculative areas until the bubble ends. The Pfizer vaccine was approved by the FDA. The first half of 2021 will be all about getting everyone vaccinated so the country can reopen.


investmentwatchblog--2020-12-15--30-40 Million Americans May Be Evicted

30-40 Million Americans May Be Evicted

In today ’ s show , you will learn why all this pent-up demand as many see in the M2 @ @ @ @ @ be from the 30-40 million Americans who are facing eviction and how this compares to @ @ @ @ @ .
Plus we ’ ll also look at how hedge-fund managers are positioned in the @ @ @ @ @ on the long-bond , along with a look at a few charts .

In today’s show, you will learn why all this pent-up demand as many see in the M2 money stock data might just be from the 30-40 million Americans who are facing eviction and how this compares to the Roaring 20’s. Plus we’ll also look at how hedge-fund managers are positioned in the futures market with a focus on the long-bond, along with a look at a few charts.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-12-15--What quant funds actually do

What quant funds actually do

This is the bread-and-butter for quant funds .
AQR has pioneered this space the most .
Multifactor models are models designed to extract cross-sectional risk premia in markets .
Put simply you look at all the stocks in a market .
Rank them based on some metric ( s ) .
Long the top decile .
Short the bottom decile .
If that market-neutral portfolio outperforms on a consistent basis then well done !
You have found a risk premium .
Classical and well known risk premia include : • Mean Reversion – some securities are stationary e.g .
volatility @ @ @ @ @ @ @ work but no longer do because the mere fact that so many quant funds discovered them caused the alpha in them to decay .
Most quants I know are looking into more alternative factors using machine learning based on sentiment , web-traffic , social media mentions , etc .
I ’ ll elaborate further down .
This is another bread-and-butter for quant funds .
It used to be a lot bigger before 2008 when the street had more appetite for exotics .
But it ’ s still good business .
It was pioneered @ @ @ @ @ @ @ should definitely read his book the man was friends with Claude Shannon ffs – A Man For All Markets by Edward O. Thorp .
• Create a model that can output synthetic prices and has parameters you can tune .
• Fit the model to a stock or portfolio such that it produces synthetic prices that have the same statistical characteristics of the underlying stock or portfolio .
• Sample tens of thousands of possible future market scenarios in a Monte Carlo simulation .
• Compute the payoff of the derivative in each @ @ @ @ @ @ @ to determine the expected value of the option .
• Pad the price to take into account counterparty , model , and specification risks .
Now for vanilla options you can do this on a calculator using analytical methods .
But for portfolios of assets or complex derivatives with nonlinear payoff structures you often need to build a pricing model yourself .
This is what I used to get paid to do for big corporates looking to hedge things like generators for power plants .
What kinds of models are used here ?
@ @ @ @ @ @ @ machine learning models .
Book Recommendation # 1 : Options , Futures , and Other Derivatives by John C. Hull Book Recommendation # 2 : Monte Carlo Methods in Financial Engineering by Paul Glasserman This is what the big funds like Citadel , Jane Street , Two Sigma , etc .
are doing .
Full disclaimer I ’ ve never worked on the HFT side of things but I ’ ll explain it the way I understand it .
Comment if you want to add or correct .
High Frequency Trading firms like @ @ @ @ @ @ @ Sigma get paid by exchanges by provide market liquidity .
They are market makers always ready to buy or sell whatever share you or a large institutional fund needs to trade .
They make money by placing a limit order to sell or a buy limit order in order to earn the bid-ask spread .
Latency arbitrage is when HFT firms buy and sell the same security at the same time in different markets because two or more exchanges are displaying a different price for that security .
For example , if a @ @ @ @ @ @ @ high on the New York Stock Exchange then an HFT firm might sell the security on the NYSE at the same time as they buy it on the Chicago Stock Exchange and profit the spread between the two exchanges .
Book Recommendation # 3 : Flash Boys by Michael Lewis – this one has pretty mixed reviews amongst the quants I know ( some of whom do this stuff for a living ) .
Ken Griffin even called it a “ work of fiction ” .
But it is a great story and @ @ @ @ @ @ @ infrastructure used for HFT is accurately portrayed .
This has gone pretty mainstream .
I ’ m sure most of you have heard of pairs trading but it is certainly another staple for quant funds .
And if you read The Man Who Solved The Market about RenTech ( the most famous quant fund in the world ) they allude to doing something similar with basket options .
Nobody knows how true that is .
Statistical arbitrage involves identifying securities that should behave similarly and going long the one which is relatively undervalued @ @ @ @ @ @ @ overvalued .
In the simplest case you might say that Coca-Cola and Pepsi are a pair and go long/short them when depending on how they are priced relative to one another .
In a more complex trade you might go long off-the-run treasuries and short on-the-run treasuries because older identical treasuries sell at a discount to those hot off of the money printer .
This is the trade that caused the famous LTCM crash .
What happened is Russia defaulted on its debt and the demand for on-the-run treasuries skyrocketed .
LTCM was @ @ @ @ @ @ @ Their models told them to double down multiple times ( martingale ) but the distortion continued beyond the point where they could borrow money to finance the trade .
So they went insolvent and the Federal Reserve stepped in to do a bail out .
This all happened in 1998 !
The LTCM example might not qualify as “ statistical ” arbitrage since the securities are identical so it is literally arbitrage … but the risk models are statistical and use the same techniques as we use when writing and pricing derivatives .
@ @ @ @ @ @ @ : Winning Strategies and Their Rationale by Ernie Chan The most modern reincarnation of quantitative finance involves identifying information arbitrage opportunities with alternative data .
Alternative data is any data that is not price data or fundamental data .
Large audio , text , document , video , click stream , etc .
datasets are all examples of alternative datasets that could power information arbitrage .
Here are some strategies I have seen or heard of being used , • Using natural language processing algorithms to read tens of thousands of news articles @ @ @ @ @ @ @ entities mentioned , events , etc .
This is pretty well known .
• Using high resolution satellite data to ( 1 ) track ships coming in and out of ports , ( 2 ) count cars in Walmart / Target parking lots to estimate revenues , ( 3 ) estimating the amount of oil in middle eastern oil reserves based on the shadow cast on the structure .
This is the kind of analysis built by Orbital Insights .
• Using meteorological models to predict when the monsoon season will hit and @ @ @ @ @ @ @ the impact will be on certain crops like sugar which are very sensitive to it .
• Using temperature monitors in European rivers to predict demand for natural gas and heating oil .
I heard from a quant that at a certain °F nuclear power plants can ’ t use river water for cooling so they slow down causing a spike in demand for gas … not sure how true that is but it ’ s an example of information arbitrage .
• Using flight path information to predict mergers and acquisitions between @ @ @ @ @ @ @ from SimilarWeb to predict which online retailers or hotel chains are most likely to have the best earnings this quarter .
• Using click stream data from Robinhood to predict what meme stock is going to be the next pump and dump on r/wallstreetbets .
You all know that this is a thing right haha ; - ) .
Not a lot of good books on this topic yet but I ’ ve heard that The Book of Alternative Data by Alexander Denev does a half decent job .
You ’ ll probably @ @ @ @ @ @ @ though like /r/datasets .
So that ’ s what quant funds do .
We build multifactor models based on ( mostly ) fundamental data .
Write and price derivatives .
Make markets at high frequencies .
Buy and sell securities and portfolios that are stationary relative to one another .
And beg , borrow , buy , or steal your data in order to predict what you or funds are going to do .
Quant funds look more like the NSA today than any Wolf of Wall Street type boiler room .
It @ @ @ @ @ @ @ 1000 ’ s of nerds geeking out over maths , stats , and code .
And very very few of us use technical analysis .
Technical analysis involves prediction based on price and volume data .
Most quants strongly believe that predicting the market based on price and volume data is impossible .
None of the business models I mentioned above involve any prediction of future prices .
The only claims we make about the future are about probability distributions .
I don ’ t hate technical analysis .
I personally don ’ @ @ @ @ @ @ @ could be wrong .
But the claim that quant funds are based on technical analysis hasn ’ t been even close to true since around the 1970 ’ s .
P.S .
About me – I ’ m a quant .
I ’ ve been doing this shit for 10+ years .
4+ in the back-office pricing exotic options for big corporates and helping them hedge complex transactions .
6+ in the front-office mostly building strategies based on multifactor models and information arbitrage principles .
It ’ s a tough industry these days @ @ @ @ @ @ @ the markets just like the rest of you .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence or consult your financial professional before making any investment decision .

by dropprod
Multifactor models
This is the bread-and-butter for quant funds. AQR has pioneered this space the most.
Multifactor models are models designed to extract cross-sectional risk premia in markets. Put simply you look at all the stocks in a market. Rank them based on some metric(s). Long the top decile. Short the bottom decile. If that market-neutral portfolio outperforms on a consistent basis then well done! You have found a risk premium.
Classical and well known risk premia include:
Momentum – stocks that moon continue to moon.
Size – small caps tend to outperform large caps.
Value – high-value stocks tend to outperform low-value stocks.
Mean Reversion – some securities are stationary e.g. volatility.
Quality – quality stocks tend to outperform low quality stocks.
Low Volatility – low vol stocks tend to outperform on a risk-adjusted basis.
Aggressiveness – conservative companies tend to outperform aggressive companies.
Some of these factors used to work but no longer do because the mere fact that so many quant funds discovered them caused the alpha in them to decay. Most quants I know are looking into more alternative factors using machine learning based on sentiment, web-traffic, social media mentions, etc. I’ll elaborate further down.
Book Recommendation: Quantitative Equity Portfolio Management by Ludwig B Chincarini
Writing and Pricing Derivatives
This is another bread-and-butter for quant funds. It used to be a lot bigger before 2008 when the street had more appetite for exotics. But it’s still good business. It was pioneered by quants like Ed Thorpe. You should definitely read his book the man was friends with Claude Shannon ffs – A Man For All Markets by Edward O. Thorp.
Writing and pricing derivatives involves six easy steps.
Create a model that can output synthetic prices and has parameters you can tune. Fit the model to a stock or portfolio such that it produces synthetic prices that have the same statistical characteristics of the underlying stock or portfolio. Sample tens of thousands of possible future market scenarios in a Monte Carlo simulation. Compute the payoff of the derivative in each scenario. Discount the future values to determine the expected value of the option. Pad the price to take into account counterparty, model, and specification risks.
Now for vanilla options you can do this on a calculator using analytical methods. But for portfolios of assets or complex derivatives with nonlinear payoff structures you often need to build a pricing model yourself. This is what I used to get paid to do for big corporates looking to hedge things like generators for power plants.
What kinds of models are used here? Stochastic processes or (maybe) generative machine learning models.
Book Recommendation #1: Options, Futures, and Other Derivatives by John C. Hull
Book Recommendation #2: Monte Carlo Methods in Financial Engineering by Paul Glasserman
Market Making and Latency Arbitrage
This is what the big funds like Citadel, Jane Street, Two Sigma, etc. are doing. Full disclaimer I’ve never worked on the HFT side of things but I’ll explain it the way I understand it. Comment if you want to add or correct.
High Frequency Trading firms like Citadel, Jane Street, and Two Sigma get paid by exchanges by provide market liquidity. They are market makers always ready to buy or sell whatever share you or a large institutional fund needs to trade. They make money by placing a limit order to sell or a buy limit order in order to earn the bid-ask spread.
Latency arbitrage is when HFT firms buy and sell the same security at the same time in different markets because two or more exchanges are displaying a different price for that security. For example, if a whale pushes the price of a security high on the New York Stock Exchange then an HFT firm might sell the security on the NYSE at the same time as they buy it on the Chicago Stock Exchange and profit the spread between the two exchanges.
Book Recommendation #1: Trading and Exchanges by Larry Harris
Book Recommendation #2: High Frequency Trading by Irene Aldridge
We are primarily funded by readers. Please subscribe and donate to support us!
Book Recommendation #3: Flash Boys by Michael Lewis – this one has pretty mixed reviews amongst the quants I know (some of whom do this stuff for a living). Ken Griffin even called it a “work of fiction”. But it is a great story and regardless of the plot the technology and infrastructure used for HFT is accurately portrayed.
Statistical Arbitrage
This has gone pretty mainstream. I’m sure most of you have heard of pairs trading but it is certainly another staple for quant funds. And if you read The Man Who Solved The Market about RenTech (the most famous quant fund in the world) they allude to doing something similar with basket options. Nobody knows how true that is.
Statistical arbitrage involves identifying securities that should behave similarly and going long the one which is relatively undervalued and short the one which is relatively overvalued. In the simplest case you might say that Coca-Cola and Pepsi are a pair and go long/short them when depending on how they are priced relative to one another.
In a more complex trade you might go long off-the-run treasuries and short on-the-run treasuries because older identical treasuries sell at a discount to those hot off of the money printer. This is the trade that caused the famous LTCM crash. What happened is Russia defaulted on its debt and the demand for on-the-run treasuries skyrocketed. LTCM was short on-the-run treasuries and got squeezed. Their models told them to double down multiple times (martingale) but the distortion continued beyond the point where they could borrow money to finance the trade. So they went insolvent and the Federal Reserve stepped in to do a bail out. This all happened in 1998!
The LTCM example might not qualify as “statistical” arbitrage since the securities are identical so it is literally arbitrage … but the risk models are statistical and use the same techniques as we use when writing and pricing derivatives.
Book Recommendation #1: Algorithmic Trading: Winning Strategies and Their Rationale by Ernie Chan
Book Recommendation #2: When Genius Failed by Roger Lowenstein
Information Arbitrage
The most modern reincarnation of quantitative finance involves identifying information arbitrage opportunities with alternative data. Alternative data is any data that is not price data or fundamental data. Large audio, text, document, video, click stream, etc. datasets are all examples of alternative datasets that could power information arbitrage.
Here are some strategies I have seen or heard of being used,
Using natural language processing algorithms to read tens of thousands of news articles a day to track sentiment, named entities mentioned, events, etc. This is pretty well known.
Using high resolution satellite data to (1) track ships coming in and out of ports, (2) count cars in Walmart / Target parking lots to estimate revenues, (3) estimating the amount of oil in middle eastern oil reserves based on the shadow cast on the structure. This is the kind of analysis built by Orbital Insights.
Using meteorological models to predict when the monsoon season will hit and how extreme it will be and what the impact will be on certain crops like sugar which are very sensitive to it.
Using temperature monitors in European rivers to predict demand for natural gas and heating oil. I heard from a quant that at a certain °F nuclear power plants can’t use river water for cooling so they slow down causing a spike in demand for gas … not sure how true that is but it’s an example of information arbitrage.
Using flight path information to predict mergers and acquisitions between major companies.
Using web-traffic data from SimilarWeb to predict which online retailers or hotel chains are most likely to have the best earnings this quarter.
Using click stream data from Robinhood to predict what meme stock is going to be the next pump and dump on r/wallstreetbets. You all know that this is a thing right haha ;-).
Not a lot of good books on this topic yet but I’ve heard that The Book of Alternative Data by Alexander Denev does a half decent job. You’ll probably find more ideas browsing parts of Reddit though like /r/datasets.
So that’s what quant funds do. We build multifactor models based on (mostly) fundamental data. Write and price derivatives. Make markets at high frequencies. Buy and sell securities and portfolios that are stationary relative to one another. And beg, borrow, buy, or steal your data in order to predict what you or funds are going to do.
Quant funds look more like the NSA today than any Wolf of Wall Street type boiler room. It’s just racks of computers and 1000’s of nerds geeking out over maths, stats, and code. And very very few of us use technical analysis.
Technical analysis involves prediction based on price and volume data. Most quants strongly believe that predicting the market based on price and volume data is impossible. None of the business models I mentioned above involve any prediction of future prices. The only claims we make about the future are about probability distributions.
I don’t hate technical analysis. I personally don’t think it works, but I could be wrong. But the claim that quant funds are based on technical analysis hasn’t been even close to true since around the 1970’s.
P.S. About me – I’m a quant. I’ve been doing this shit for 10+ years. 4+ in the back-office pricing exotic options for big corporates and helping them hedge complex transactions. 6+ in the front-office mostly building strategies based on multifactor models and information arbitrage principles. It’s a tough industry these days but I do it because I love the markets just like the rest of you.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


investmentwatchblog--2020-12-15--[Bloomberg] Amazon’s Zoox Unveils Robotaxi for Future Ride-Hailing Service. Vehicle seats four and c

[Bloomberg] Amazon’s Zoox Unveils Robotaxi for Future Ride-Hailing Service. Vehicle seats four and can run for 16 hours before recharging. CEO says Zoox may eventually build package delivery vehicles

Zoox Inc. , the self-driving startup owned by Amazon.com Inc. , unveiled a fully autonomous electric vehicle with no steering wheel that can drive day and night on a single charge .
The vehicle , which Zoox describes as a driverless carriage or robotaxi , can carry as many as four passengers .
With a motor at each end , it travels in either direction and maxes out at 75 miles per hour .
Two battery packs , one under each row of seats , generate enough juice for 16 hours of run time before recharging , the company said @ @ @ @ @ @ @ plans to launch an app-based ride-hailing service in cities like San Francisco and Las Vegas .
“ This is really about re-imagining transportation , ” Zoox Chief Executive Officer Aicha Evans said in an interview with Bloomberg Television .
“ Not only do we have the capital required , we have the long-term vision.
” The company also plans to launch ride-hailing services in other countries , Evans said .
Executives didn ’ t say how much rides would cost but that they would be “ affordable ” and competitive with services operated @ @ @ @ @ @ @ .
Nor did they say when the service would launch but confirmed it wouldn ’ t happen in 2021 .
In a video released Monday , Evans used Zoox ’ s app to hail the vehicle outside San Francisco ’ s Fairmont hotel and took a spin around the block .

www.bloomberg.com/news/articles/2020-12-14/amazon-s-zoox-unveils-robotaxi-for-future-ride-hailing-service
Zoox Inc., the self-driving startup owned by Amazon.com Inc., unveiled a fully autonomous electric vehicle with no steering wheel that can drive day and night on a single charge.
The vehicle, which Zoox describes as a driverless carriage or robotaxi, can carry as many as four passengers. With a motor at each end, it travels in either direction and maxes out at 75 miles per hour. Two battery packs, one under each row of seats, generate enough juice for 16 hours of run time before recharging, the company said. To commercialize the technology, Zoox plans to launch an app-based ride-hailing service in cities like San Francisco and Las Vegas.
We are primarily funded by readers. Please subscribe and donate to support us!
“This is really about re-imagining transportation,” Zoox Chief Executive Officer Aicha Evans said in an interview with Bloomberg Television. “Not only do we have the capital required, we have the long-term vision.”
The company also plans to launch ride-hailing services in other countries, Evans said. Executives didn’t say how much rides would cost but that they would be “affordable” and competitive with services operated by Uber Technologies Inc. and Lyft Inc. Nor did they say when the service would launch but confirmed it wouldn’t happen in 2021. In a video released Monday, Evans used Zoox’s app to hail the vehicle outside San Francisco’s Fairmont hotel and took a spin around the block.