Thursday, March 16, 2017
Here’s How Pharma Is Using AI Deep Learning To Cure Aging / Companies / AI
BY PATRICK COX : In 2011, scientists made one of the most important discoveries in the history of AI development. They found that graphics processing units (GPUs) are far better at simulating biological learning than central processing units (CPUs).
In retrospect, it seems obvious. Human brains are much more like GPUs than CPUs. Both brains and GPUs rely on parallel processing that simulates and predicts real world physics.
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Thursday, March 16, 2017
China’s Economic Miracle Is Over / Economics / China Economy
BY GEORGE FRIEDMAN : Chinese Premier Li Keqiang told the National People’s Congress that China’s GDP growth rate would drop from 7% in 2016 to 6.5% this year. In 2016, the country’s growth rate was the lowest it has been since 1990.
The precision with which any country’s economic growth is measured is dubious, since it’s hard to measure the economic activity of hundreds of millions of people and businesses. But the reliability of China’s economic numbers has always been taken with a larger grain of salt than in most countries. We suspect that China’s economy is growing less than 6.5%, if at all.
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Thursday, March 16, 2017
US Interest Rates Up Quarter Percent, Stock Market Loved It / Stock-Markets / Stock Market 2017
Fed Yellen raised interest rates a quarter percent today and the stock market loved it. The Nasdaq 100 popped early, and then pulled back, but the S&P 500 kept going up all morning. By midday, just before the FOMC, they pulled back just a little going into that meeting, and then exploded. They pulled back again and rallied sharply. Only at the end of the day did they pull back a little to pare back the profits.
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Wednesday, March 15, 2017
Stock Market Chaos in the Chicken Coop / Stock-Markets / Stock Market 2017
SPX has exceeded its 61.8% Fib retracement and may be headed for the hourly Cycle Top at 2391.50. It is overbought to an extreme and may reverse at any time.
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Wednesday, March 15, 2017
Gold and Silver Price Manipulation: The Biggest Financial Crime In History / Commodities / Gold and Silver 2017
According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft.
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Wednesday, March 15, 2017
“Ryancare” Dead on Arrival: Can We Please Now Try Single Payer? / Politics / Healthcare Sector
The Canadian plan also helps Canadians live longer and healthier than Americans. . . . We need, as a nation, to reexamine the single-payer plan, as many individual states are doing. — Donald Trump, The America We Deserve (2000)
The new American Health Care Act has been unveiled, and it has been pronounced an even greater disaster than Obamacare. Dubbed “Ryancare” or “Trumpcare” (over the objection of White House staff), the Republican health care bill is under attack from all sides, with even conservative leaders calling it “Obamacare Lite”, “bad policy”, a “warmed-over substitute,” and “dead on arrival.”
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Wednesday, March 15, 2017
Fanaticism, Stock Market Crash 2017 or Continuation of Bull Market / Stock-Markets / Stock Market 2017
"A fanatic is a man that does what he thinks the Lord would do if He knew the facts of the case." ~ Finley Peter Dunne
Not too long ago this bull market was one of the most hated in history; that no longer appears to be the case. Throughout the unpopular phase of this bull market, we consistently and much to the dismay of many penguins, oops we mean experts, stated that every pullback should have been treated as a buying opportunity. There were two reasons for this; market sentiment was consistently negative, and the trend was up.
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Wednesday, March 15, 2017
Stock Market Most Overvalued On Record — Worse Than 1929? / Stock-Markets / Stock Market 2017
The US stock market today has never been more dangerous and overvalued, according to respected Wall Street market analyst John Hussman.
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Wednesday, March 15, 2017
A Response to “Bitcoin Won’t Work When SHTF” / Currencies / Bitcoin
I’ve been commenting a lot on bitcoin lately as it has had an amazing and volatile week.
One thing that I keep noticing in the comments, though, is at least one or two people always chime in and say, “Bitcoin is screwed when SHTF”.
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Wednesday, March 15, 2017
Forget 3% Growth with This Deficit, US Approaching 150% Debt-to-GDP Ratio / Interest-Rates / US Debt
Studies have shown that when government debt rises above 90% it begins to have an effect on the growth of GDP. That conclusion is a bit controversial in economic circles, as some say the critical level is higher or lower.
Understand, those studies are not examining some theoretical proposition; they are looking at actual debt and growth levels in countries over a long period of history. And the data show that excess debt inhibits growth.
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Wednesday, March 15, 2017
Desperate Saudi Arabia Turns to Asia for Investment / Economics / Saudi Arabia
BY XANDER SNYDER : King Salman of Saudi Arabia visited Malaysia on February 26. It was the first trip to the country for a Saudi monarch in over a decade. In his tour through Asia, visits also included Brunei, Japan, China, and Indonesia. Jakarta has not received a formal Saudi visitation in nearly five decades.
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Wednesday, March 15, 2017
Startups Will Define the Future of US Employment / Economics / Employment
Research shows that technology has net-net created far more jobs than it has destroyed. A recent study by Deloitte drew on data going back to 1871 in England and Wales and found that technology has been a job-creating machine.
Part of that is because technology increases people’s spending power, which creates a surge in the demand for hairdressers, bar staff, etc.
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Wednesday, March 15, 2017
Inflation + Populism = Soaring Gold / Commodities / Gold and Silver 2017
Inflation is back, thanks to the past few years’ exuberant borrowing and currency creation. Meanwhile, populist politicians are gaining traction in Europe, threatening both the European Union and the eurozone.
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Wednesday, March 15, 2017
What's Preventing the Dow from Exploding? / Stock-Markets / Stock Market 2017
The stock market has once again entered a period of consolidation as investors wait for the results of the most important legislative decision of the year. The fight to repeal and replace Obamacare has taken the spotlight as Congress debates the passage of legislation that would eliminate its most burdensome aspects for businesses and individual taxpayers alike.
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Wednesday, March 15, 2017
Fed Rate Hikes, Fiscal vs. Monetary Policy and Why Again the Case for Gold? / Interest-Rates / US Interest Rates
I’ve been thinking about the current Fed Funds rate hike cycle, which is logically gaining forward momentum now that the Fed can stand down from its 8-year, ultra-lenient monetary policy cycle. That is because the Obama administration’s goals required a compliant Federal Reserve to continually re-liquefy the economy as its fiscal policies drained it.
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Wednesday, March 15, 2017
Energy Stocks Preparing a Bounce / Commodities / Oil Companies
2016 was a good year for Energy Stocks as Oil & GAS price rose significantly helping the Energy sector to recover from the drop that started since 2014 . However since the recent peak early this year , Oil price stabilised in a tight range and failed to move higher before the recent 9% drop last week in both Brent Crude and West Texas Intermediate .
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Tuesday, March 14, 2017
SNP Declare Scotland to Commit Economic Suicide Early 2019, 2nd Independence Referendum / Politics / UK Politics
The cult like SNP that sees Independence as the answer to EVERY question and so IS are once more demanding another once in a generation Independence referendum, barely 2 years since the last one. This despite current opinion polls stating that 55% of Scots want to remain within the United Kingdom. Though facts on the ground barely register with Scotland's IS fundamentalists who could be seen as being just as dangerously determined to destroy the United Kingdom as are their Levant namesakes. Permanently deaf, dumb and blind to the real world consequences of that which they zealously seek, an outcome that would amount to Scotland committing economic, social and territorial suicide, for that is what happens when nations tear themselves apart and this whilst Britain is attempting to pull itself away from the European Union is clearly meant to do maximum damage to England and Scotland, in their never ending quest for suicide as is the ultimate goal of all cults.
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Tuesday, March 14, 2017
SPX Futures are Down this Morning / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are down this morning, but haven’t yet crossed either Short-term support at 2359.10 or the Head & Shoulders neckline at 2355.00. There is still a considerable distance to go. From a timing perspective, the time elapsed between that March 1 high at 2400.98 and the March 10 high at 2376.86 was approximately 45 hours. That is one-half the 12.9-day (90 hour) Cycle that we saw in last January’s decline. Should that observation be correct, it suggests the decline may extend to the close on Monday, March 20.
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Tuesday, March 14, 2017
Gold, Oil, CRB, Bonds - Beware The Bearish Rising Wedge / Commodities / Commodities Trading
In this report I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The chart pattern I’m referring to is the bearish rising wedge.
Some of the bearish rising wedges have a common theme which is the late 2015 low, when commodities and the PM complex finally bottomed out after that massive impulse move down. At a minimum the price objective for a rising or falling wedge is the first reversal point in which the wedge began to build out. Prices can go much lower, but the first reversal point is a good first price objective.
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Tuesday, March 14, 2017
Strong Stock Market Still, Won’t Give Way / Stock-Markets / Stock Market 2017
The stock market indices had an interesting day today, and a lot of our stocks did very well. The indices, however, were mixed.
Net on the day, the Dow was down 21.50 at 20,881.48. The S&P 500 was up .87 at 2373.47. The Nasdaq 100 was up 8.67 at 5394.57.
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