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PERRIN LOVETT

~ Deo Vindice

PERRIN LOVETT

Tag Archives: Wall Street

Destroy the Economy to Save it

06 Tuesday Aug 2019

Posted by perrinlovett in News and Notes

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Tags

bubble, economics, Federal Reserve, Wall Street

Financial sorcery at work.

“The American lifestyle and economy depend on a vast number of implicit guarantees — systemic forms of entitlement that we implicitly feel are our birthright,” he wrote in a post on Monday. “Chief among these implicit entitlements is the Federal Reserve can always save the day.”

In either an inflationary spiral or deflationary collapse of self-reinforcing defaults, Smith warned that the Fed’s “save” would destroy the economy.

“Other than the phantom ‘wealth’ of real estate and stock bubbles, the vast majority of the ‘wealth’ generated by the Fed’s actions of the past 20 years has flowed to the top 0.1%,” he said. “This will become self-evident once the phantom gains of speculative bubbles vanish.”

Nah. Good times are here to stay – forever…

Utterly Confused

01 Thursday Aug 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

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Tags

confusion, depression, economics, Federal Reserve, sorcery, Wall Street

It’s so hard to predict where the sorcery will go next.

Major Wall Street economists were largely in agreement that the Federal Reserve would cut rates by a quarter point heading into the second day of its two-day meeting on Wednesday afternoon.

But after a confusing news conference by the Fed chief, their forecasts for future rate policy are now all over the place.

The Fed cut its key interest rate by a quarter-point for the first time since 2008. But then Powell said after that this was just a “midcycle adjustment,” causing the stock market to drop and rates to firm.

The middle of the greatest “bull market” in human history, when (fake) money is surely in high demand, is just the time to cut interest rates! Let me tell you… What will the Fed do next? Cut ’em again. Again, after that if necessary. They’ll take it as low as they can – and, there is no downward limit – in an attempt to keep the ride going just a little longer. I think they have one of those toy eight balls to help guide their deliberations. Voodoo is more science than art, you know.

On the Friday/Monday Market Correction

07 Wednesday Feb 2018

Posted by perrinlovett in News and Notes, The Perrin Lovett Show

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Economic collapse, economics, economy, money, Wall Street, Youtube

The first video interview for FP, with my old friend and investor Russell Wilder. Watch for insights on what moves the markets and how it affects your goals.

Perrin Lovett/FPTV/YouTube.

Remember to SUBSCRIBE on YT!

The whole article:

FP Exclusive Interview on the Stock Market Craziness

nimbus-image-1518021561267 - Edited.png

The Creature Speaks

05 Monday Feb 2018

Posted by perrinlovett in News and Notes

≈ 1 Comment

Tags

crazy, economics, economy, Federal Reserve, greedy banksters, Wall Street

Janet Yellen issued her final official interview as Fed Chairman: Lil High...

Janet Yellen ended her long career at the Federal Reserve with concerns over how high the stock market has surged under her watch.

The S&P 500 has soared 315 percent since the March 2009 bear market lows and about 53 percent since she took over as chair of the central bank in 2004.

Yellen said in an interview with CBS News that market valuations are the source of some concern as she headed into private life following a 14-year Fed career, the last four as the chair. She spoke as the market finally took a breather from what has been a breathtaking move higher, with the Dow industrials falling 666 points Friday.

“Well, I don’t want to say too high. But I do want to say high,” she said. “Price/earnings ratios are near the high end of their historical ranges.”

In addition to elevated equity prices, Yellen also said commercial real estate is “quite high” compared with rents.

Irrational exuberance is what it’s called. Hype and craziness not backed by reality. Stocks too damned high! 

Aunt Yellen speaks. 666. Not liking where this is going…

Wicked-Witch-of-the-FED-Janet-Yellen--112409

Says she’ll now devote more time to her monkeys… Freaking News.

But not to worry – another wise, Creature-approved acolyte of economic deception will be along Monday… The interests of the bankers are in good hands. And, it’s really them that matter the most, right?

Wall Street Warning

23 Wednesday Aug 2017

Posted by perrinlovett in News and Notes

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Tags

banksters, economy, recession, Wall Street

Enjoy the market highs while they last:

HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.

Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop.

Ron Paul says the drop could be up to 50%. He and Jim Rogers, etc. have been saying this for a while now. Even the Fed has begun issuing CYA statements. Nothing lasts forever and we’re overdue for a correction. Prepare now if you can.

800x-1

Morgan Stanley.

Uh Oh! The Goldman Sachs is not Happy

31 Tuesday Jan 2017

Posted by perrinlovett in Legal/Political Columns

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Tags

banksters, Goldman Sachs, immigration, terrorism, Wall Street

Goldman CEO Lloyd Blankfien (or is that Bank Fiend?) takes issue with President Trump’s ban on terrorist invasion.

In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman’s success, and if the temporary freeze became permanent, it could create “disruption” for the bank and its staff.

“This is not a policy we support, and I would note that it has already been challenged in federal court, and some of the order has been enjoined at least temporarily,” Blankfein said, according to a transcript seen by Reuters.

In Silicon Valley, the heads of companies such as Apple and Facebook swiftly denounced Trump’s immigration ban. But the rest of corporate America has been more circumspect in speaking out, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House.

Tepid responses from many of Blankfein’s peers made his comments all the more potent, especially because Goldman has gotten attention for the number of its alumni who have joined Trump’s administration.

I still question strongly the need for any Goldman alums in the administration, the fed, or, really, anywhere on Earth. These are among the most evil of the bankster clan. Their ties to Middle East turmoil and terror have been previously noted here and elsewhere.

That they are against this measure, by itself means the President is right.

He might also want to extend the ban to cover Wall Street.

Goldman-Sachs-moral-compass_Z9166M_m.jpg

Beattie / Zero Hedge.

A Seemingly Random Cartoon

29 Tuesday Nov 2016

Posted by perrinlovett in Legal/Political Columns

≈ 2 Comments

Tags

banksters, Donald Trump, Federal Reserve, politics, Wall Street, Washington

A little cartoon explains so much. Sunday I posted the day’s Pearls Before Swine cartoon. I said it “accurately and easily sums up your relationship with the criminal banking industry.”

nimbus-image-1480256424377

Pastis, 11/27/16.

That was Sunday. Today, just two days later, Donald Trump started to bring the cartoon to life. Maybe. Perhaps. Just replace “your congressman” with “your president-elect” and “C.E.O.” with “Gary Cohn”.

Trump is possibly considering Cohn, chief gangster President of Goldman Sachs, for an appointment to the Federal Reserve. News also comes that Trump will appoint former Sachs huckster employee Steven Mnuchin as Treasury Secretary.

Yes, that ringing is an alarm bell.

These are two of the “banksters” that I routinely call for driving into the sea. Will we see them instead driven into Washington?

Let me play devil’s advocate here for a second. (And I’m not sure which devil I’m advocating for…) Both Trump and Hillary were and are in DEEP with the banksters. Their relationships are, however, a little different.

Hillary works(ed) for Wall Street and in particular for Goldman. She was their go-to gal in D.C. (and Libya, etc.). They paid her and she did as they said. Trump is (or was) a borrower, a customer to the banks. His business strategy was such that by using insanely large debts he controlled the lenders. They did what he said or he would threaten default and bankruptcy. It actually worked out well for both parties.

Many who analyze these choices seriously may come to those same conclusions. They may say that Hillary, had she been elected, would have worked for her masters, whereas Trump will master them. He may view them as enemies and want them closer than his friends, where he can keep an eye on them. Knowing his unusual associations, this may be true. If so, it could be one of the greatest political power plays in American history. If not, then it could be one of the biggest blunders.

I’m honestly hoping for the former while fearing the latter. I certainly support the concept of “make America great again”. However, my American allegiance is to freedom, not to any candidate or politician. I do not support the money changers.

This will develop into the new year. Time will tell.

Getting The Business

20 Wednesday Jul 2016

Posted by perrinlovett in News and Notes

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Tags

America, banks, business, corporations, economy, government, Perrin Lovett, recession, small business, start-ups, Wall Street

Money reports there were fewer small business start-ups these days in America:

Bad news for aspiring entrepreneurs: Now might not be the best time to launch your own business.

Total entrepreneurial activity in the U.S.—measured by the number of people starting and operating new businesses—fell to 12% in 2015, from 14% in 2014, according to a report released Tuesday by Babson College. The drop reverses upward growth in small business activity during the previous four years.

The findings could indicate that employees are satisfied with their jobs and unwilling to strike out on their own. But the research could also show a lack of confidence in the small business environment in the wake of the recession, Babson professor Donna Kelley told CNBC. The Small Business Optimism Index, a metric from the National Federation of Independent Business, has remained below its 42-year average since the recession.

I find it interesting that commentators keep throwing around “since the last recession” and “the wake of the recession” so much. Are they talking about the 2008 financial crisis recession? You know, the one that will soon be a decade past. Or do they really mean the current or immediate future recession? We are historically overdue.

Ebay.

This story is a little personal for me as I launched (full-time) my small business this summer. I’ve had several in the past – all failures. This time will be different (as I’ve said before). A business idea, even if it’s the very best idea in the world, isn’t easy to get off the ground anymore. Big, existing, and stagnant business dinosaurs join with the government to make the start-up process as painful as possible.

Aside from the licenses, taxes, regulations, inspections, prohibitions, and general meddling, the corporatist/banking/state cabal has seen to it that your potential customers and investors are not in the best position to help you with your incredible idea launch – they too still recover from “the last recession”.

You’ve got the likes of Speaker Paul Ryan who promises to crack down on job-taking and nightclub-shooting immigrants just after he rubber-stamps another 300,000 of them coming in on visas.

It’s amazing that any small business starts today. I’m not so sure about that idea of employee satisfaction with existing work. CNBC reports on the woes of “regular” employment, the loss of jobs and pay, even on Wall Street. This story deals with Wall Street banks – those very entities that OWN America… If their employees are getting the short end of the stick, what does that suggest about the rest of the workforce?

Anyway, I’m plowing ahead with my new enterprise. Of late I have finally developed an email list of sorts. Someone important once said, “You’re an idiot if you don’t have a list.” I was an idiot up until last week… In my defense, I was still recovering “from the recession.”

Driven Off The Cliff

09 Thursday Jul 2015

Posted by perrinlovett in News and Notes

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Tags

China, economics, Eric Peters, freedom, government, greece, The People, Wall Street

This has turned into a very busy summer with a few Technical troubles. Please forgive all the re-posts and links, like those hereafter.

Eric Peters predicts that the imminent end of free driving in the United States. I think he is right:

Rise of the Google Car.

self-drive-lead-300x200

Eric Peters. I love his link to Red Barchetta, live in 1980. If you understand the inclusion, you see the problem.

The People will absolutely love the “freedom” gained by this loss of freedom. They will be free to get high, sleep, keep up with the Kartrashions, etc. while a computer decides their fate on the highways. Brilliant!

Lately, the folks have been busy waving flags, both of the rainbow and ancient martial varieties. The government rodents and their masters have been busy too. While the factions feuded Congress and Obama bowed lower to the New World Order, passing the latest nefarious trade act. Greece and Europe are falling into fiscal oblivion. China’s economy mirrors the West of 1929. The NYSE stopped trading due to a “glitch.” The sky hangs by a thread.

The good news, joining these stories together, is that the Collapse will necessarily hamper the drive to neuter drivers. There’s associated bad news but, hey, when the time comes the system will prepare a lovely diversion for that too.

 

 

They’ll Get It All From You Sooner or Later

17 Wednesday Jun 2015

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 1 Comment

Tags

America, banksters, Bush, Congress, crime, Democrats, Donald Trump, election, evil, George Carlin, GOP, government, H1-B, Hillary, law, Mitch McConnell, Obama, ObamaCare, Orin Hatch, Paul Ryan, politics, President, Republicans, Ron Paul, Social Security, the Big Club, The People, Tom Brady, Trade Act, voting, Wall Street, Washington, WWE

Have you ever been to the Yankee Capital on the Potomac?  I have.  The place stinks of corruption and swamp gas (mostly corruption).  The air is heavy with a dread sense of impending doom.  It is the opposite of Disney Land. It is the least happiest place on earth.

Washington is overrun with an odd assortment of con artists, criminals, psychopaths and their sycophants.  Worst of the worst are the elected trash under the Capital dome and at 1600 Pennsylvania Avenue.  These grafting lunatics continually foist scheme after scheme on the unenlightened American People.  They want everything: your money, your freedom, your property, your children, your obedience, and your very lives. These otherwise unemployable degenerates are the front men for what George Carlin used to call “The Big Club.” It’s an organization of wealthy pirates, money changers, politicians and other villains.

The Club gets what it wants – everything – all the time.  Watch and listen as George lays it all out (around 2:00 min. in he states my title):

gc truth

George on Youtube.  WARNING: Video contains strong TRUTH.

Lately, the Club has been pushing another criminal trade act.  I commented on the Act (H.R. 1314) last time I rambled.  Normally, I let these things go with one or two posts but this one is special, unusual.  The anomaly lies in the relentless bi-partisan way this Bill is being rammed through the legislative process.

The Act itself is the work of President Obama (a Democrat).  It has nominal Democratic support in Congress.  The fighting power behind this insane drive comes from the Republicans in Congress (Republicans are the opposite of Democrats, remember?).

The purpose of this satanic work of corporate lobbying and largess is to steal the last of your money and employment and deposit them into the greedy, dirty hands of foreigners and Wall Street banksters.

There are a number of uncomfortable truths associated with American politics.  One is that Republicans, supposedly the though, all-American, good old boys, are some of the most spineless wimps every embodied.  They roll over for anything and everything. Obamacare: they let it ride.  Crushing debt: they fight it until they don’t.  Babies being murdered by the millions: they are “outraged” if impotent.  These losers normally provide a little surface friction for the cameras and then let anything go.  It’s their role under our ONE PARTY SYSTEM.  Imagine professional wrestling with a all “heels” cast.

This time around the GOP is fighting like wild banshees, fighting like nothing I’ve ever seen in my lifetime.  Paul Ryan, Mitch McConnell, and company are risking everything on this one.  They have taken Obama’s pass and are headed to the end zone come hell or high water.  Like Tom Brady they may have to take a short suspension for cheating but they will win this one – for the Club.

WASHINGTON, DC - APRIL 16:  (L-R) Senate Majority Leader Mitch McConnell (R-KY), House Speaker John Boehner (R-OH) and House Minority Leader Nancy Pelosi (D-CA) attend the bipartisan signing of the Medicare Access CHIP Reauthorization Act 2015, H.R. 2, press event at the Capitol on April 16, 2015 in Washington, D.C. H.R. 2, commonly known as "Doc Fix", is  a bipartisan bill to strengthen Medicare and fix its payment formula for doctors. CHIP refers to the Children's Health Insurance Program. (Photo by Gabriella Demczuk/Getty Images)

Meet the Real terrorists. Politico.com/Gabriella Demczuk/Getty Images.

In a separate but related story Sen. Orin Hatch (R, Utah) has introduced a Bill to help more foreigners take jobs from you via the H1-B visa program.  He will get his way on this.  The Salt Lake Tribune opines he should seek to fix the program instead of expanding it.  Why not just end it and let Americans make a living in America? Oh yeah, that doesn’t benefit the Club.

The Club, like the WWE, knows it has a PR problem.  After decades of being screwed over, even the dumbest, slowest American sap begins to suspect something is amiss. Enter a “face” character, a hero for the common man – cut from uncommon cloth.  Last night on CSPAN I watched Donald Trump lay out his bombastic, non-specific plan to save the Nation.  The Donald is running for President.

640x0

No donors required!  Forbes/Getty.

Trump is the “outsider” in a field of some 6,000 or so Republicans seeking the most dishonest job under the sun.  I heard him say things that made him stand out.  I liked a lot of it.  Most of it sounded like a sales pitch.  That’s the beauty and wonder of Donald Trump – he is the best salesman in the world.  He said many of the right things.  He cursed and called our current crop of idiot “leaders” out as just that – stupid people unqualified for their positions.  I liked that part.  He also told the cheering crowd (watch for yourself) he would make America great again.  I really liked that.  He stated some plain and uncomfortable truths; he said what few others dare.  I loved it.  Can he deliver?

Many slick salesmen don’t deliver the goods they promise.  Trump usually does.  When he boasts about a new skyscraper with the best of everything under its roof, a magnificent structure will surely follow.  Can he deliver in the political field? Real estate development is a noble endeavor.  Trump excells at it.  He builds real things that benefit real people.  That’s what development is all about.  Politics is about lies, deception, illusions and anything but useful creation.

I don’t think The Donald will fit in.  I don’t think he can be the change needed.  I think Ron Paul was the last hope for that – back in 2008.  Now, it would seem a little to late to retool and rebuild.  The hope now is in mitigating the damages and preparing for a new future.  Part of me hopes I’m wrong and that we are not past the point of no return. Part of me hopes to get to the future (hopefully one without the Club) as fast as possible – a little pain for a while then a fresh start. Time will tell.

Beyond Trump’s pomp and sales pitch I heard several nuggets which plainly proclaimed Trump to be a $9 Billion business as usual candidate.  Trump is opposed to the afore-mentioned Trade Act.  He also says he will “repeal and REPLACE” Obamacare.  I’ll bet he has plans to replace the Trade legislation too.  That will not cut it.  Abstinence is the only deal with the devil which ever pays off.  One cannot tune the forces of darkness to one’s whims and expect peace.

Similarly, Trump says he will “save” Social Security.  This echoes the age-old Republican mantra of shoring up, replacing, privatizing, or re-working that failed communist program.  Abolishing it is never an option.  No mind that we did just fine as a country for 159 years without such welfare confiscation.  Re-imagined evil is still evil.

Remember all of this should you shuffle into a voting booth next fall.  Your vote, be it for the billionaire, the old hag, ANOTHER BUSH, the shirtless cool dude, etc., will be in vain. The spirit of Carlin and I will waiting on you down the street at the cigar club or the gun range.

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