Is There an Inner Party?
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Accusations that U.S. Senators dumped stock after closed-door briefings on the pandemic are both revolting and reassuring that somebody in power made sensible decisions, even if just for their net worth.
There was a famous 2004 paper about the high returns Senators generate on their stock portfolios, with the implication of inside information, evidence for an intelligent Inner Party. But critics have since accused the paper of p-hacking, so who knows?
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Calling all peasants with pitchforks. The torches are over here.
But in the last few years, the thought of seeing these folks riding through the streets in tumbrils for a little shortening, is kind of heartwarming.
But ... they keep reminding me about nooses. Nooses, nooses, nooses everywhere. So hey, i say, let's not just do shortening, but stretching as well!Replies: @JMcG
Diane Feinstein was one of the cheaters, could this get her out?
Only the grim reaper is going to get that old bag out.Replies: @anon, @Anonymous
https://twitter.com/lachlan/status/1240992873891483650Replies: @JohnnyWalker123
I shed nary a tear for those states "uncompetitive" in the Electoral College. Why? Look at Di. She's been in there for close to thirty years. She and Barbara Boxer approached fifty total years together in the Senate.
The less competitive your state is in the presidential election, the more competitive it is within the walls of the US Senate.
If you or me did this we'd be about to go to federal prison....
Congressmen, and their immediate employees, were allowed to insider trade with impunity until Obama apparently legislated against the practice. One obvious problem with Congressmen being allowed to insider trade was it allowed major corporations to bypass campaign contribution limits.
That is, if I’m a the CEO of Boeing, and I meet with Congresswoman Feinstein on a golf course, and tell her during casual conversation that she would be well advised to go heavily long in Boeing stock by the end of the week, and she does so, the money she makes when the stock pops on my press release on Monday morning could be considered an extremely generous under-the-table campaign contribution. Owing to such a large “contribution,” I can later count on Feinstein to pay for my companies bailout, after I rape it, with no grease.
While inside trading was allowed, it was impossible for participating Congresswomen to vote in the interest of their constituency. Bills have been introduced for years, to stop this practice of legitimizing congresswomen from stealing from the public Scott free, and all of them died.
I wasn’t even aware Obama managed to get something passed against it. Bully for him.
I think all four congressmen and women (so far) should be prosecuted to the fullest extent the law allo2ws. We need to make examples of them to bring the rest of the Congress to Jesus.
That is fiction. Legislation to stop Congressional insider trader was proposed, but never enacted.
Diane Feinstein was one of the cheaters, could this get her out?
Only the grim reaper is going to get that old bag out.
Probably not. It’s Burr and Loeffler who are most suspicious.
https://twitter.com/lachlan/status/1240992873891483650
Dianne Feinstein sold the stock Allogene, which is down by ~5% since she sold it. So she saved between $50,000 and $250,000. Which is a lot.
However, there's a more important point. Biotech stocks have down since this crisis started, due to broader market volatility and recessionary risk. The largest biotech sector ETF (iShares Nasdaq Biotechnology ETF) has been down by roughly -16% YTD, compared to -20% YTD for the NASDAQ.
There are 2 points to take away.
1. The biotech sector has been hammered almost as hard as the general market, which indicates that it's fairly cyclical and dependent on the general economic cycle. Therefore, if you got inside information that the market was about to tank, you'd want to dump biotech stock almost as quickly as your non-biotech stock.
2. Feinstein had inside information that the market was likely to tank. After getting this information, she sold $1-$5 MILLION of a biotech sector stock.
Therefore, a plausible insider trading scenario can be made against Dianne Feinstein.
Lawyers help other lawyers. Trading on insider information is a crime. Restricted information shared in the public good is technically not insider. No surprise that DNC members, like Ms. Piggy Feinstein, were both front trotters in the trough.
PEACE 😷
Preet Bhara tweeted that Congress members should not be allowed to own individual stocks. I would add women married to men in the NYSE also should not.
This is like campaign finance reform or term limits. A great, popular, uniting, bipartisan issue that will therefor never see the light of day.
What famous 2004 paper, Mr. Sailer?
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.
Here is the 2004 paper:
Abnormal Returns from the Common Stock Investments of the U.S. Senate
https://www.researchgate.net/publication/46543239_Abnormal_Returns_from_the_Common_Stock_Investments_of_the_US_SenateAs a bonus, some related papers. First, a thesis from 2011:
Congressional Insider Trading: An Analysis of the Personal Common Stock Transactions of U.S. Senators
https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1110&context=cmc_thesesAnd a 2019 paper:
Trading on Private Information: Evidence from Members of Congress
https://onlinelibrary.wiley.com/doi/10.1111/fire.12180Replies: @Corvinus
Hey, my Corvums, have you NOTICED that the self-imploding states of California, Oregon, Washington, Nevada, Pennsylvania, Illinois, and New York all have one thing in common?
What are the moral implications of manufacturing an economic depression in response to a mild flu virus?
And I can't help but NOTICE that Democrat governors are colluding to interfere with the 2020 elections.Replies: @anonymous, @res
https://www.youtube.com/watch?v=jrXP5zoFxss
Trump easy plays:
1. Demand all the senators donate the money to relief efforts
2. Ask for the GOP senators to resign
3. File charges and prosecute the Dem senators for insider trading
Frame it as, the Dems don’t report to me, I’m not their boss, so they get a chance to prove innocence and keep their jobs (if they can win re-election) The GOP guys are part of my team, so I take responsibility and they have to go, period.
“Accusations that U.S. Senators dumped stock after closed-door briefings on the pandemic are both revolting and reassuring that somebody in power made sensible decisions, even if just for their net worth.”
Did these briefings convey knowledge not readily available via the hatestream media? If not, the charge is false.
No, Democratic governors openly wrecking their economies to spite our President is revolting. They deserve prosecution and lifetime sentences.
I sold all equity on January 3rd. I get all my news here.
But I did start buying back in late February. 5% equities. I decided to put 5% in every quarter for the next 8 quarters. I knew it was too soon but it’s impossible to guess the predilections of the other judges in the beauty pageant.
https://en.wikipedia.org/wiki/Keynesian_beauty_contest
https://twitter.com/lachlan/status/1240992873891483650Replies: @JohnnyWalker123
This is incorrect.
Dianne Feinstein sold the stock Allogene, which is down by ~5% since she sold it. So she saved between $50,000 and $250,000. Which is a lot.
However, there’s a more important point. Biotech stocks have down since this crisis started, due to broader market volatility and recessionary risk. The largest biotech sector ETF (iShares Nasdaq Biotechnology ETF) has been down by roughly -16% YTD, compared to -20% YTD for the NASDAQ.
There are 2 points to take away.
1. The biotech sector has been hammered almost as hard as the general market, which indicates that it’s fairly cyclical and dependent on the general economic cycle. Therefore, if you got inside information that the market was about to tank, you’d want to dump biotech stock almost as quickly as your non-biotech stock.
2. Feinstein had inside information that the market was likely to tank. After getting this information, she sold $1-$5 MILLION of a biotech sector stock.
Therefore, a plausible insider trading scenario can be made against Dianne Feinstein.
OT: Tonight Tucker Carlson show he did a monologue (@ approx 35 min past the hour) on the WuFlu …it being stronger in countries where malaria is eradicated and being stymied in countries where malaria is still present… so he’s an Steve reader amirite?
OT: Steve Bannon is making a big comeback. His podcast is getting very good. He is talented. Just heard he will be on Maria Bartiromo show Sunday morning. Hasn’t he been banned up until now from fox?
OT: Steve maybe consider azithromycin thread sometime in the future… part B of the Didier Raoult drug cocktail…. It’s an interesting drug that reduces key proteins employed by certain viruses…… such as the WuFlu. That medscape article I posted characterized it as having “known antiviral properties”…. interesting that wikipedia does not mention that. So it’s true to say that it doesn’t actually kill a virus. But it does deprive certain viruses of necessary protein which leads to virus weakness. Bottom line is the old saw about antibiotics being effective against bacterial infections exclusively —- that premise has some exceptions. I think 99% of educated people do not understand this dynamic. web search turns up some gov studies but mechanisms are poorly understood https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4923851/
But I did start buying back in late February. 5% equities. I decided to put 5% in every quarter for the next 8 quarters. I knew it was too soon but it’s impossible to guess the predilections of the other judges in the beauty pageant.Replies: @ziggurat, @Abe
That sounds like a good plan. Robert Prechter (of the Elliot Wave Theory) thinks it will be a 2-year bear market. Only then will the judges start to generally see the contestants as beauties.
https://en.wikipedia.org/wiki/Keynesian_beauty_contest
No Republican could defeat her in an election. Normally, with the elections system in California, she will run against another Democrat in the general election. The Inner Party would have to tell her that she should decide to retire after this term, and then they can select the next Democrat to be elected to her seat as they did when Harris replaced Boxer. Gavin Newsom probably believes he is her replacement but a straight White guy could be a problem so I wouldn’t start shopping for Washington condos if I were him. Unless Gavin also banged Willie Brown, then maybe he’s got it sewn up.
His only competition is that there will be growing pressure for a Latino to hold the highest office in California but the obvious candidates Xavier Becerra and Ricardo Lara are so dumb that I cannot imagine what would happen if either of them had more power. Worse, I anticipate a strong lurch to the left as non-whites consolidate their grip on power in California. The only thing stopping it now is that the state does not have enough money to do single payer or some other mass transfer to our more vibrant fellow Californos.
Stock up and TP. It is going to get rough.
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.Replies: @res, @Je Suis Omar Mateen, @Mr. Anon, @Inquiring Mind, @Anonymous
If you spent as much time answering your own questions as you do asking them you might be useful.
Here is the 2004 paper:
Abnormal Returns from the Common Stock Investments of the U.S. Senate
https://www.researchgate.net/publication/46543239_Abnormal_Returns_from_the_Common_Stock_Investments_of_the_US_Senate
As a bonus, some related papers. First, a thesis from 2011:
Congressional Insider Trading: An Analysis of the Personal Common Stock Transactions of U.S. Senators
https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1110&context=cmc_theses
And a 2019 paper:
Trading on Private Information: Evidence from Members of Congress
https://onlinelibrary.wiley.com/doi/10.1111/fire.12180
If you do not think so, then you are going to have to offer particular examples how they feel otherwise.Besides, have you not made requests for links when you are curious and/or the person neglected to be specific? Why was this famous case not referred to directly by name?Replies: @res
Burr and Loeffler need to be put under the jail.
We need to make use of this moment of public outrage to set a real example.
I think our country is ruled by an inner party of financiers, war profiteers, and global hustlers.
DC is basically a giant global bazaar where wheeler-dealers from around the world show up to purchase politicians. Any “democracy” that takes place is totally coincidental.
If that weren’t frightening enough, most of our “leaders” tend to be totally incompetent and lethargic. The majority of them are nothing more than glib conmen who specialize in grifting.
Our rulers get an A+ in grifting – and an F in actual governance.
NPR was really trying to make hay out of a private speech Sen. Richard Burr gave a few weeks ago warning about what might happen.
To me it seems like much ado about nothing. He was just describing pandemic response plans and what tools are available. The reporter sounded shocked, but comes off as just not familiar with standard prepardness and emergency response stuff.
And looking back from now he kind of under-estimated the Dem. Governors’ actions.
So i don’t know about other accusations, but with this one there’s no “there” there, imo.
https://www.npr.org/2020/03/19/818192535/burr-recording-sparks-questions-about-private-comments-on-covid-19
edit: some links to Burrs’ response. Apparently it wasn’t even a private speech.
https://www.mediaite.com/news/sen-burr-hits-back-at-nprs-tabloid-style-hit-piece-knowingly-and-irresponsibly-misrepresented-my-speech/
Everybody just stayed in for a crazy long time (unfortunately myself included).
Such conspiracy theories would make Turkey proud. “See? The Americans aren’t so naive after all, about time they’re coming to their senses!”
Don’t forget the lengths of stout rope.
I’m definitely a peasants and pitchforks kind of guy. (My people.)
But in the last few years, the thought of seeing these folks riding through the streets in tumbrils for a little shortening, is kind of heartwarming.
But … they keep reminding me about nooses. Nooses, nooses, nooses everywhere. So hey, i say, let’s not just do shortening, but stretching as well!
Burr’s the only real scumbag, and I doubt we remember it. Why? Because Loeffler’s story, in which her investors heard of coronavirus and dumped her stock, makes it clear that any investor could have done the same thing. The only thing that makes Burr worse is that he really does appear to have said one thing in public and another in private.
I wrote this up for twitter:
1. Burr, etc, sold their stock, knowing that investors would panic.
2. Investors panicked.
3. Because investors panicked, pressure on fed/states grew even though public less than concerned.
4. Quarantine, creating real econ depression.
5. WSJ–hey, maybe panic was dumb. (retweet of wsjop ed saying hey, maybe panic was dumb.)
But panic is what the *investors* did, not the public. No matter how dire the politicians got, no matter how serious the warnings, there are *lots* of people who think this is nonsense.
So it’s hideous that Burr lied, but any non-Senator could have sold in January as well.
The media really doesn’t understand its role in this, which is pretty horrible. They CREATED the pressures. Along with lawyers. Because what any modern society needs is an activist media and eager lawyers.
The media never sold anything more than a chunk of the public on the need to freak out. But they convinced the politicians who still (stupidly) think the media has some sway on the people.
So Burr and co got some news about the corona virus that everyone else got, too.
The market tanked a week ago. the media has been going nuts about corona for at least two weeks, if not longer.
Does anyone *really* think that if Burr had come and said “Hey, this is serious” that people would have been convinced?
No. Here’s what *might* have happened:
1. Burr says “OH MY GOD! CORONAVIRUS!”
2. Market tanks. Unlikely. Bear with me.
3. Media BELIEVES BURR. Unlikely. Bear with me.
4. They say golly, all that shit we speak of “it’s just the flu” is wrong. They panic a whole month earlier.
5. Politicians, still idiotic enough to think public cares about media, shut down the economy.
6. Economy tanks.
In short. Burr’s actions affected the public and the market not at all. To the extent the media mocked coronavirus for 3 weeks before taking it seriously…
…we got three weeks of an untanked economy.
I think what Burr et all did was pretty scummy, but the fact is that they placed their bets knowing their people: investors, politicians, and the media.
Had little to do with the public.
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.Replies: @res, @Je Suis Omar Mateen, @Mr. Anon, @Inquiring Mind, @Anonymous
“So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.”
Hey, my Corvums, have you NOTICED that the self-imploding states of California, Oregon, Washington, Nevada, Pennsylvania, Illinois, and New York all have one thing in common?
What are the moral implications of manufacturing an economic depression in response to a mild flu virus?
And I can’t help but NOTICE that Democrat governors are colluding to interfere with the 2020 elections.
It’s pretty shameful that Congress allowed themselves that privilege up until 2012. Burr was one of only three Senators who voted against the STOCK act. It’s probably full of loopholes. Or they will find themselves some new racket to enrich themselves from high office. I don’t think we’ll be seeing them getting any poorer.
Feinstein (or her hubby) sold about six million dollars worth of one particular stock: Allogene Therapeutics. Looking at what the company does, it’s hard to see what particular financial misfortune she would avoid by selling it though. Maybe her sale was just a coincidence.
Tucker had Kelly Loeffler (R –
GeorgiaNYSE) on his show this evening. She sold a bunch of stock after the briefing she attended and bought stock in Citrix, which sells teleworking software. She claims her stock portfolio is in a blind-trust managed by financial advisors (which advisors she persistently refused to name, despite Tucker asking a couple of times). Of course, I suppose it’s possible that she might have mentioned something about her privileged information to these advisors. Hey, it’s a blind trust, not a deaf one.Carlson asked her: hadn’t she noticed the particular trades being made? She used to be an investment advisor. Didn’t those give her pause to wonder why they were being made?
Burning at the stake might be a tad retro, but I hear it’s making a comeback. Burning at the stake is the corduroy jeans of horrible, mob instigated deaths. Every couple decades it makes a brief but profound comeback.
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.Replies: @res, @Je Suis Omar Mateen, @Mr. Anon, @Inquiring Mind, @Anonymous
You might try noticing a few things, to wit: a.) you are an annoying bore, b.) nobody likes you, and c.) everyone here would prefer that you just f**k off.
Hey, my Corvums, have you NOTICED that the self-imploding states of California, Oregon, Washington, Nevada, Pennsylvania, Illinois, and New York all have one thing in common?
What are the moral implications of manufacturing an economic depression in response to a mild flu virus?
And I can't help but NOTICE that Democrat governors are colluding to interfere with the 2020 elections.Replies: @anonymous, @res
Mateen (may I call you “they?”), good comment. As a resident of the unfortunate Empire State (at least until retirement) I could not help but NOTICE the same things.
Insider trading is when someone who works for a company gives you secret info about that company that would affect the stock price. Covid-19 is not a company, and everybody freaking knew it was turning into a pandemic. You had to be an idiot not to realize it. It doesn’t take a genius to figure out there would be stock market panic about it. Secondly, the market was hitting 52-week highs in January and February anyway, and you’re supposed to sell the highs and buy the lows.
As usual, the MSM is depending upon--and leveraging--the ignorance of the masses and making political hay out of it. This, essentially, is how we're governed. The people who own the MSM own most everything.
Our local talk station investment guy put his clients in cash in January. He thought the market would go down, at least from election uncertainty and profit taking.
He’s looking like a genius because he also said we could have a black swan.
She brandished a loaded military assault rifle before a crowd of reporters. That should have cost her her pistol license, if not much more. She still has her seat, and likely her license.
I shed nary a tear for those states “uncompetitive” in the Electoral College. Why? Look at Di. She’s been in there for close to thirty years. She and Barbara Boxer approached fifty total years together in the Senate.
The less competitive your state is in the presidential election, the more competitive it is within the walls of the US Senate.
Only the grim reaper is going to get that old bag out.Replies: @anon, @Anonymous
Don’t sell Corona virus short, it can do wonders in term limiting. Two Congress critters are infected. When the forest fire is over, the ecosystem will look much different.
This is an opportunity to purge (or scare) the Chamber of Commerce Republicans. Are you experiencing a failure of revolutionary consciousness, anonymous seven five zero?
Thank you–apparently the obvious needs re-stating. What’s more, even a casual reader of this blog (and many others) would have seen several of the more responsible contributors saying these very things–in January and February.
As usual, the MSM is depending upon–and leveraging–the ignorance of the masses and making political hay out of it. This, essentially, is how we’re governed. The people who own the MSM own most everything.
edit: some links to Burrs' response. Apparently it wasn't even a private speech.https://www.mediaite.com/news/sen-burr-hits-back-at-nprs-tabloid-style-hit-piece-knowingly-and-irresponsibly-misrepresented-my-speech/Replies: @anon
Yeah, it looks bad and it should probably be disallowed for most Congresspeople to own stocks (especially the head of Senate Intelligence), the fact is the guy sold way late, Feb. 13, later than anyone should have (whether privy to special Intelligence committee info or just the regular MSM variety).
Everybody just stayed in for a crazy long time (unfortunately myself included).
Looks like they were too obvious about profiting from the hoax.
DC is basically a giant global bazaar where wheeler-dealers from around the world show up to purchase politicians. Any "democracy" that takes place is totally coincidental.
If that weren't frightening enough, most of our "leaders" tend to be totally incompetent and lethargic. The majority of them are nothing more than glib conmen who specialize in grifting.
Our rulers get an A+ in grifting - and an F in actual governance.Replies: @JackOH
Yep, agree, more or less. I’ve been on the planet 60-some years, and maybe I’m missing something, but I mostly can’t make a connection between “merit” and “goodness”–use your own criteria–and “reward”. I’d like to, but I can’t. As you say of democracy, the meritorious may sometimes get some visibly appropriate reward, but that’s “totally coincidental”.
If only. I read a post on 4chan that seemed to imply the chloroquine treatment was being commandeered by our betters.
I know someone who takes it for arthritis. Even 200 mg has really nasty side effects at first. My friend got used to it.
French doctors gave out about 600 mg per day
Chinese doctors gave out about 1000 mg (500 mg twice a day).
2000 mg kills a lot of the patients.
If you take it, don’t take more than 500 mg at a time or 1000 mg per day. Just don’t.Replies: @AnonAnon
All politicians are lying, scumbag, corrupt, assholes.
Karlin was posting dire warnings about a forthcoming pandemic in February back when Trump and Fox were writing this off as either a hoax or a mild case of the flu depending on the day.
https://www.unz.com/akarlin/corona-will-kill-millions-crater-the-world-economy/
Everyone knew it was a big issue in China and assumed it would not cause appreciable damage to Europe and the US like SARS and bird flu. That was until it hit northern Italy hard.
They weren't.
This seems like a nothingburger. There is no indication that these two politicians received any any inside or confidential information that was not out there in the media to anyone interested. The New York Times hilariously sidesteps this fact by saying that they received information that was unknown to Republicans because (to paraphrase) Republicans generally get their news from Fox news and have undeveloped amygdala so they were not fully in touch with reality at the time.
I’m more of a “completely uncivilized forest militia that thinks toilet is for drinking water” like a certain southeast Asian maths teacher type of guy
The Lügenpresse is conveniently leaving Feinstein out of the narrative.
Heads on poles - all of them. The old mockie along with the three GOP Swampers. Fancy Nancy herelf shouldn't escape:
https://www.investors.com/politics/editorials/pelosi-corzine-visa-scandal/
And don't forget Wall Street's favorite bagman:
https://www.jacobinmag.com/2016/11/chuck-schumer-bernie-sanders-financial-industry-fundraising/
But what are the media doing? Well, David Frum is using the scandal to accuse Trump of leading all the insider trading. Sigh. Don'tcha just love the Swamp?
Are you sure they haven’t outsourced torch and pitchfork manufacturing to China?
2. Ask for the GOP senators to resign
3. File charges and prosecute the Dem senators for insider tradingFrame it as, the Dems don't report to me, I'm not their boss, so they get a chance to prove innocence and keep their jobs (if they can win re-election) The GOP guys are part of my team, so I take responsibility and they have to go, period.Replies: @Hibernian
#s 2 & 3 should be bipartisan.
Here is the 2004 paper:
Abnormal Returns from the Common Stock Investments of the U.S. Senate
https://www.researchgate.net/publication/46543239_Abnormal_Returns_from_the_Common_Stock_Investments_of_the_US_SenateAs a bonus, some related papers. First, a thesis from 2011:
Congressional Insider Trading: An Analysis of the Personal Common Stock Transactions of U.S. Senators
https://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1110&context=cmc_thesesAnd a 2019 paper:
Trading on Private Information: Evidence from Members of Congress
https://onlinelibrary.wiley.com/doi/10.1111/fire.12180Replies: @Corvinus
Thanks for the links.
“If you spent as much time answering your own questions as you do asking them you might be useful.”
That would be ad hominem and a hasty generalization. I may not be useful to you–although you never firmly established your case–but would I not be useful to my family, friends, and colleagues?
If you do not think so, then you are going to have to offer particular examples how they feel otherwise.
Besides, have you not made requests for links when you are curious and/or the person neglected to be specific? Why was this famous case not referred to directly by name?
But I did start buying back in late February. 5% equities. I decided to put 5% in every quarter for the next 8 quarters. I knew it was too soon but it’s impossible to guess the predilections of the other judges in the beauty pageant.Replies: @ziggurat, @Abe
What drove you to sell when you did, just a hunch? I was jettisoning equity all through 2019 and into 2020, but got it down to only ~45% of my position before the current crash – ce la vie. I had started to want to hedge as early as 2018, but remember the market slumped 10% that year before gaining a delicious 25% the next so I could have done worse.
My general investment philosophy is that it’s impossible to perfectly time these things, but everyone knows when we’re in a recession/bear market, and that is an unambiguous time to buy, buy, buy. Put off any big purchases until later and invest in a S&P index fund now. To tell you the truth my wife and I refinanced our house last year to take out 6 figures of equity. The ostensible reason was to build a swimming pool, but the real reason in my mind, after we worried over and dropped the pool idea as I sort of knew we would, was to have a large cash reserve to buy-in for a moment just such as this.
Based solely on what I’d read here and in some European newspapers.
It was very difficult to pull the trigger on getting out of the equity market, but I did it.
Sometimes the evidence is clear. It’ll be interesting to see if there’s any real fallout from this. I’d like to think there will be, but I really doubt it.
You can use statistics to prove anything, forfty percent of people know that
I’ve said it before and I’ll say it again, it’s only insider trading if you get caught
But in the last few years, the thought of seeing these folks riding through the streets in tumbrils for a little shortening, is kind of heartwarming.
But ... they keep reminding me about nooses. Nooses, nooses, nooses everywhere. So hey, i say, let's not just do shortening, but stretching as well!Replies: @JMcG
Hear, hear!!
I sold everything the last week of January based solely on what I’d been reading here and other like minded places. I also bought 250 masks and bottles of hand sanitizer. I made a number of other purchases of that kind as well.
Based solely on what I’d read here and in some European newspapers.
It was very difficult to pull the trigger on getting out of the equity market, but I did it.
Sometimes the evidence is clear. It’ll be interesting to see if there’s any real fallout from this. I’d like to think there will be, but I really doubt it.
Hey, my Corvums, have you NOTICED that the self-imploding states of California, Oregon, Washington, Nevada, Pennsylvania, Illinois, and New York all have one thing in common?
What are the moral implications of manufacturing an economic depression in response to a mild flu virus?
And I can't help but NOTICE that Democrat governors are colluding to interfere with the 2020 elections.Replies: @anonymous, @res
LOL! Corvinus is just mad because he was out trolled.
DF will be there for life.
I hope but don’t expect much. Anyway,
If you or me did this we’d be about to go to federal prison….
Beware the Deep State Department.
Warning : It is toxic.
I know someone who takes it for arthritis. Even 200 mg has really nasty side effects at first. My friend got used to it.
French doctors gave out about 600 mg per day
Chinese doctors gave out about 1000 mg (500 mg twice a day).
2000 mg kills a lot of the patients.
If you take it, don’t take more than 500 mg at a time or 1000 mg per day. Just don’t.
I recently declared to a sociopathic liberal friend of mine that Globalism is the greenest strategy the world has ever attempted. The potential for widescale death, and therefore, reduction in the plundering of earth’s resources, is likely to beat communism without all the destruction to infrastructure communism tends to impart. It’s also classless. It kills off rich and poor alike.
A neutron bomb is to a nuclear bomb what Globalism is to Communism. A relatively safe and sane strategy to kill fuckloads of surplus folk.
I told him, “if this virus plays out as expected, you’re going to get to experience California as it was in the late 50’s! Open freeways, affordable housing, easy surfing, great fishing, no long lines at the ski slope, reasonable golf course fees. All the things you’ve heard about California before the liberals arrived, but never believed possible! Tonight, every time you hear a Coronavirus-ridden globalist’s scream, an angel gets his wings.”
My friend grew angry, but silent. Soon enough, despite being a hard-left liberal, he’ll learn gratitude.
I regularly see similar comments here:
• "A friend of mine who is a conniving asshole once..."
• "I have a female friend at work who hates men..."
Find better people to befriend.
I know someone who takes it for arthritis. Even 200 mg has really nasty side effects at first. My friend got used to it.
French doctors gave out about 600 mg per day
Chinese doctors gave out about 1000 mg (500 mg twice a day).
2000 mg kills a lot of the patients.
If you take it, don’t take more than 500 mg at a time or 1000 mg per day. Just don’t.Replies: @AnonAnon
If I was on my deathbed from coronavirus it probably wouldn’t hurt to try it if they don’t find something else, but right now I’m counting on embracing the quarantine lifestyle, hand washing, and my O blood type (suck it, Sailer blog Irish-bashers).
But,
I know where a stash is for a day or two supply until I could convince a doctor to prescribe me some.
Only the grim reaper is going to get that old bag out.Replies: @anon, @Anonymous
The Grim Reaper doesn’t have that kind of power.
I am living a similar lifestyle and O blood type.
But,
I know where a stash is for a day or two supply until I could convince a doctor to prescribe me some.
https://www.unz.com/akarlin/corona-will-kill-millions-crater-the-world-economy/
Everyone knew it was a big issue in China and assumed it would not cause appreciable damage to Europe and the US like SARS and bird flu. That was until it hit northern Italy hard.Replies: @Art Deco, @Johann Ricke
Trump and Fox were writing this off as either a hoax or a mild case of the flu depending on the day.
They weren’t.
California is so averse to having straight white men as politicians that, of the 40 governors we’ve had since statehood, only 40 of them have been straight while males. 40 for 40! Clearly a white man has no chance in California politics.
https://www.unz.com/akarlin/corona-will-kill-millions-crater-the-world-economy/
Everyone knew it was a big issue in China and assumed it would not cause appreciable damage to Europe and the US like SARS and bird flu. That was until it hit northern Italy hard.Replies: @Art Deco, @Johann Ricke
Nobody knows what the heck is happening in China at any given time of the day because it’s a totalitarian state where sub rosa factional conflicts are raging all the time at the leadership level. Did the Cultural Revolution mean that there was a cultural problem in China? Or did it mean that China was going through one of its interminable power struggles, as Mao fought being gradually pushed off the stage?
Basically, events in China can only be guessed at. It’s like the Cold War all over again, except China is, in some ways, less open than Russia was.
Aren’t the pitchfork-handling peasants outsourced too in our days of the – anywheres’ (David Goodhart) – miracles and wonders?
If you do not think so, then you are going to have to offer particular examples how they feel otherwise.Besides, have you not made requests for links when you are curious and/or the person neglected to be specific? Why was this famous case not referred to directly by name?Replies: @res
I typically ask for links after I have made a reasonable effort to search for myself. This search was easy enough that it was clear you did not make much of an effort (if any). And you will more often see me post the results of my searches rather than asking. As in this case.
Tucker had Kelly Loeffler (R -
GeorgiaNYSE) on his show this evening. She sold a bunch of stock after the briefing she attended and bought stock in Citrix, which sells teleworking software. She claims her stock portfolio is in a blind-trust managed by financial advisors (which advisors she persistently refused to name, despite Tucker asking a couple of times). Of course, I suppose it's possible that she might have mentioned something about her privileged information to these advisors. Hey, it's a blind trust, not a deaf one.Carlson asked her: hadn't she noticed the particular trades being made? She used to be an investment advisor. Didn't those give her pause to wonder why they were being made?Replies: @Autochthon, @El Dato
And her life shall be endless, for her soul is in a phylactery,
Congressmen, and their immediate employees, were allowed to insider trade with impunity until Obama apparently legislated against the practice
That is fiction. Legislation to stop Congressional insider trader was proposed, but never enacted.
Why do you maintain friendships with sociopaths?
I regularly see similar comments here:
• “A friend of mine who is a conniving asshole once…”
• “I have a female friend at work who hates men…”
Find better people to befriend.
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.Replies: @res, @Je Suis Omar Mateen, @Mr. Anon, @Inquiring Mind, @Anonymous
You mean, like, investments in cattle futures?
You should hear the bullshit story they’re allowing her to get away with. First it was that her husband makes all the financial decisions in her household (see, cos she’s just a gurl, who’s only good at baking and darning socks), before they segued to the “blind trust” whopper (that just happened to dump a $6 million portfolio right after the Dow hit an all-time high. You know; a computer algorithm dunnit.)
Heads on poles – all of them. The old mockie along with the three GOP Swampers. Fancy Nancy herelf shouldn’t escape:
https://www.investors.com/politics/editorials/pelosi-corzine-visa-scandal/
And don’t forget Wall Street’s favorite bagman:
https://www.jacobinmag.com/2016/11/chuck-schumer-bernie-sanders-financial-industry-fundraising/
But what are the media doing? Well, David Frum is using the scandal to accuse Trump of leading all the insider trading. Sigh. Don’tcha just love the Swamp?
And, yes, it is revolting. All four should be investigated. Makes no difference their political party. So, Mr. Sailer, what is the moral implication here? Maybe use your clout to NOTICE these things for your audience.Replies: @res, @Je Suis Omar Mateen, @Mr. Anon, @Inquiring Mind, @Anonymous
A message for the crow:
We used to say they were inscruitable. But that’s considered racist now. It’s a pity how so many true things have become racist.
Tucker had Kelly Loeffler (R -
GeorgiaNYSE) on his show this evening. She sold a bunch of stock after the briefing she attended and bought stock in Citrix, which sells teleworking software. She claims her stock portfolio is in a blind-trust managed by financial advisors (which advisors she persistently refused to name, despite Tucker asking a couple of times). Of course, I suppose it's possible that she might have mentioned something about her privileged information to these advisors. Hey, it's a blind trust, not a deaf one.Carlson asked her: hadn't she noticed the particular trades being made? She used to be an investment advisor. Didn't those give her pause to wonder why they were being made?Replies: @Autochthon, @El Dato
That’s pure voodoo investing though.
If I really wanted to get teleworking done in a hurry, I would not consider Citrix as a solution to anything. In 2020, one works via the browser, remotely mounted filesystems, wikis and Zoom, Slack or whatever the name is this month. But the keyhole passage is in getting everything installed, the users trained, the servers set up, valid login credentials issued and the IT support team expanded, with a new shelf for Red Bull canisters added too. Good luck!
Actually, “investing” (i.e putting money on the stock roulette table) in AT&T, Comcast or Google Fiber (do these still exist?) would make more sense.
I know a guy who got into trouble unawares because his financial advisor did the wrong move at about the same time a certain boardroom meeting was being held. Correlation does not necessarily imply causation.
My guess is that Adam Schiff will be the one to try and take her place. He is not exactly a white guy and neither are his (((donors))) who will go from being 2/2 Senators to 0/2 once Feinstein is gone.
His only competition is that there will be growing pressure for a Latino to hold the highest office in California but the obvious candidates Xavier Becerra and Ricardo Lara are so dumb that I cannot imagine what would happen if either of them had more power. Worse, I anticipate a strong lurch to the left as non-whites consolidate their grip on power in California. The only thing stopping it now is that the state does not have enough money to do single payer or some other mass transfer to our more vibrant fellow Californos.
Stock up and TP. It is going to get rough.
She drops epic loot.