Orange Duce

[Brooklyn]

Obama - that's the type of leadership the USA needs

[SMAIN]

It has been proven a hundred times that the surest way to the heart of any man, black or white, honest or dishonest, is through justice and fairness.

Nice one Brooksie.... try following your own words

[DMac]

An article from Vanity Fair that some of you money boys might be interested in:
(a provided link won't let you read it)

“There Is Definite Hanky-Panky Going On”: The Fantastically Profitable Mystery of the Trump Chaos Trades


In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got very lucky. That’s when he or she, or a group of people, sold short 120,000 “S&P e-minis”—electronically traded futures contracts linked to the Standard & Poor’s 500 stock index—when the index was trading around 3010. The time was 3:50 p.m. in New York; it was nearing midnight in Tehran. A few hours later, drones attacked a large swath of Saudi Arabia’s oil infrastructure, choking off production in the country and sending oil prices soaring. By the time the CME next opened, for pretrading on Sunday night, the S&P index had fallen 30 points, giving that very fortunate trader, or traders, a quick $180 million profit.





It was not an isolated occurrence. Three days earlier, in the last 10 minutes of trading, someone bought 82,000 S&P e-minis when the index was trading at 2969. That was nearly 4 a.m. on September 11 in Beijing, where a few hours later, the Chinese government announced that it would lift tariffs on a range of American-made products. As has been the typical reaction in the U.S. stock markets as the trade war with China chugs on without any perceptible logic, when the news about a potential resolution of it seems positive, stock markets go up, and when the news about the trade war appears negative, they go down.



The news was viewed positively. The S&P index moved swiftly on September 11 to 2996, up nearly 30 points. That same day, President Donald Trump said he would postpone tariffs on some Chinese goods, and the S&P index moved to 3016, or up 47 points since the fortunate person bought the 82,000 e-minis just before the market closed on September 10. Since a one-point movement, up or down, in an e-mini contract is worth $50, a 47-point movement up in a day was worth $2,350 per contract. If you were the lucky one who bought the 82,000 e-mini contracts, well, then you were sitting on a one-day profit of roughly $190 million.



A week earlier, three minutes before the CME closed on September 3, someone bought 55,000 e-mini contracts, with the index at about 2906. At around 9 p.m. in New York—9 a.m. in Hong Kong—the market started moving and kept rallying for the next six hours or so, reaching 2936. Around 2 p.m. in Hong Kong—2 a.m. in New York—Carrie Lam, the Hong Kong leader, announced that she would be withdrawing the controversial extradition bill that had been roiling the city in protest for months. Whoever bought those e-mini contracts a few hours earlier made a killing: a cool $82.5 million profit.



But these wins were peanuts compared to the money made by a trader, or group of traders, who bought 420,000 September e-minis in the last 30 minutes of trading on June 28. That was some 40% of the day’s trading volume in September e-minis—making it a trade that could not easily be ignored.



By then, President Trump was already in Osaka, Japan—14 hours ahead of Chicago—and on his way to a roughly hour-long meeting with China’s President Xi Jinping as part of the G20 summit. On Saturday in Osaka, after the market had closed in Chicago, Trump emerged from his meeting with Xi and announced that the intermittent trade talks were “back on track.” The following week was a good one in the stock market, thanks to the Trump announcement. On Thursday, June 27, the S&P 500 index stood at about 2915; a week or so later, it was just below 3000, a gain of 84 points, or $4,200 per e-mini contract. Whoever bought the 420,000 e-minis on June 28 had made a handsome profit of nearly $1.8 billion.

FEATURED VIDEO
Maggie Gyllenhaal Breaks Down Her Career, from Donnie Darko to The Dark Knight
More Vanity Fair Videos
Most Popular
Traders in the Chicago pits have been watching these kinds of wagers with an increasing mixture of shock and awe since the start of the Trump presidency. They are used to rapid fluctuations in the S&P 500 index; volatility is common, of course. But the precision and timing of these trades, and the vast amount of money being made as a result of them, make the traders wonder if all this is on the level. Are the people behind these trades incredibly lucky, or do they have access to information that other people don’t have about, say, Trump’s or Beijing’s latest thinking on the trade war or any other of a number of ways that Trump is able to move the markets through his tweeting or slips of the tongue? Essentially, do they have inside information?

Theoretically, market regulators are supposed to be keeping an eye on big trades such as these, to try to figure out whether they are just happy coincidences or whether there is something more nefarious afoot. And they say they do. But calls to the Chicago Mercantile Exchange, where the trades takes place, the Securities and Exchange Commission, which regulates the equity markets, and to the Commodity Futures Trading Commission, which regulates futures contracts, such as e-minis, were answered in different ways. Christopher Carofine, at the SEC, declined to comment. The CFTC did not respond to my inquiries, while a spokeswoman for the CME says the trades in question did not originate from a single source and they were of no concern.

There is no way for another trader, let alone an outsider such as me, to know who is making these trades. But regulators know or can find out. One longtime CME trader who has been watching with disgust says he’s never seen anything quite like these trades, not at least since al-Qaida cashed in before initiating the September 11 attacks. “There is definite hanky-panky going on, to the world’s financial markets’ detriment,” he says. “This is abysmal.”



n the case of Trump, market manipulation also yields political dividends. Perhaps the most obvious example dates to late August, when Trump, desperate to reignite trade talks with China, boasted during the G7 summit that his counterparts in Beijing had come back to the table. “We’ve gotten two calls—very, very good calls,” he told reporters. “They mean business.” The market rose more than 900 points over the next few days. But a spokesperson for the Chinese foreign ministry said he was not aware of any such calls. An editor at the Global Times, the state-controlled newspaper, tweeted that he knew of no calls made in the days leading up to the G7 meeting and that “China won’t cave to US pressure.” Two U.S government officials later told CNN that Trump misspoke and “conflated” comments from China’s Vice Premier Liu He with direct communication from the Chinese. According to CNN, the officials said Trump was “eager to project optimism that might boost markets.”

Indeed, this single Trump lie briefly inflated domestic markets by hundreds of billions of dollars. “What this describes is, quite literally, market manipulation that constitutes criminal violations of the Securities Exchange Act of 1934,” commented George Conway, the conservative attorney and Trump critic.

Whether Conway is right or wrong is a matter of legal opinion, but given how fishy and coincidental the trading in e-minis seems to be these days, the SEC or CFTC would be doing a great service (and their job) for the American people by investigating who is behind these lucrative trades, and what they knew before they placed them. At the moment, what we’re getting from them is an indifferent shrug.



Federal regulators might start here: In the last 10 minutes of trading on Friday, August 23, as the markets were roiling in the face of more bad trade news, someone bought 386,000 September e-minis. Three days later, Trump lied about getting a call from China to restart the trade talks, and the S&P 500 index shot up nearly 80 points. The potential profit on the trade was more than $1.5 billion.

Have at it.

[Farfromgeneva]

My sister sent that immediately, loves Cohen (a former Lazard banker who seems to hate himself, worth pointing out is an investment banker provides advisory services and is different from a capital markets banker so his work experience isn’t in the markets per se, but advising businesses).p

Already been more or less dismissed. There are tons of govt employees looking at all trade data so the supposition no one has noticed is not based on any fact. Likely has been flagged like any pattern, they look at the data like the guys in the matrix at the screen.

It’s possible some hanger on/sycophant is running his mouth and a trader is paying attention and front running, but equally likely that people are anticipating given how predictable most of trumps actions are. The volume is not that big of a deal either.

[wahoomurf]

McCraven, Mattis the American free press, certain Republican Senators, the Pelosi Posse, the CIA, the FBI, the SDNY, the Kurds, "CIVILIZATION" itself and Santa Claus are WRONG AND CORRUPT.

TRUMP and those brilliant, stalwart patriots that attended HIS enormous, boisterous,uber-successful pep-rally in Dallas are among the folks that have it right! So do Representatives McCarthy and Jordan-Hastert.

https://www.newyorker.com/news/daily-co ... =TNY_Daily

[MDlaxfan76]

Pulled protection like Fat Tony. You just need to know Fat Tony ain't showin' up to bust heads.
Top

Thanks dad that explains eveything....

Actually, I thought it was a great analogy.

Not sure where folks miss the point that had Erdogan ordered the invasion, attacking Americans, the retribution would have been swift and lethal, likely massively so...that sure as heck is what Erdogan needed to consider. But, nah, Trump cut and run disgracefully.

[Farfromgeneva]

This is old but pretty interesting. If you click on a name you can read vetting dossiers on a bunch of trump appointees. Better than the letters to penthouse IMO.

http://cinematreasures.org/theaters/6979

[Brooklyn]

It has been proven a hundred times that the surest way to the heart of any man, black or white, honest or dishonest, is through justice and fairness.

Nice one Brooksie.... try following your own words

LOL. Next time we make a contract of any kind, I'll remember your bits of wisdom.

[Brooklyn]

woody guthrie lived in a Brooklyn building managed by fred trump and wrote a song about how much he hated it:


https://twitter.com/sarahsholder/status ... 80/photo/1



https://www.newyorker.com/culture/cultu ... -elections


A Story About Fred Trump and Woody Guthrie for the Midterm Elections

In 1950, Woody Guthrie moved into an apartment at Beach Haven, a cluster of sixteen residential buildings in Gravesend, Brooklyn, just a few minutes from the creaky boardwalk and frankfurter stands at Coney Island Beach. The complex was owned and operated by Fred Trump, which means that, for the two years Guthrie lived and wrote there, Trump was his landlord. It remains unsettling to accept that their signatures co-exist on the same lease agreement.

In the nineteen-seventies, Fred Trump was accused by the Civil Rights Division of the U.S. Justice Department of creating a “substantial impediment to the full enjoyment of equal opportunity” at Beach Haven; it appeared that he didn’t like to rent apartments to black people. (The case was eventually settled.) The complex’s reputation hasn’t improved much in the intervening decades. In 2016, Beach Haven, which is now operated by Beach Haven Apartments Associates, was fined for dumping two hundred thousand gallons of untreated sewage into Coney Island Creek each day. It is the largest fine that the New York State Department of Environmental Conservation has ever levied against an apartment building for the mishandling of human waste.

Guthrie didn’t much like the place—he took to calling it “complain Havens” in his correspondence—and, in 1954, he wrote a delightfully scornful song about Trump’s discriminatory rental policies. Several handwritten drafts of the lyrics—sometimes titled “Beach Haven Race Hate,” “Beach Haven Ain’t My Home,” and “Old Man Trump”—are presently on display at the Woody Guthrie Center, in Tulsa, Oklahoma. Will Kaufman, a professor of American literature and culture at the University of Central Lancashire, in Britain, was the first researcher to discover the lyrics in Guthrie’s considerable archive. (Guthrie never recorded or published the song.) Earlier this week, I went to see them in person. The first verse is explicit in its indictments:

I suppose
Old Man Trump knows
Just how much
Racial Hate
He stirred up
In the bloodpot of human hearts
When he drawed
That color line

In his best songs, Guthrie is equally seized by feelings of outrage and hope. Listening to his records is still my favorite way to remember that those feelings can productively and even beneficially co-exist—that the former doesn’t necessarily have to eradicate the latter. Guthrie clung to an optimistic belief in the generosity and decency of all human beings. In the end, he believed, we would surely do right by one another. In 2013, Jay Farrar, Jim James, Will Johnson, and Anders Parker recorded a version of an unfinished Guthrie song called “Hoping Machine,” for a tribute record called “New Multitudes”





Very interesting story though in truth, it sounds like something from Borowitz Report or the Onion.

[ardilla secreta]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

[foreverlax]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

[youthathletics]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

[seacoaster]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

I think Eric can, in fact, be that stupid.

[Typical Lax Dad]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

[MDlaxfan76]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

I'm thinking that youth was winking because he doesn't actually believe that baloney for a moment.
Just tweaking.

[MDlaxfan76]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

I think Eric can, in fact, be that stupid.

True; it's indeed possible.

[Typical Lax Dad]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

I'm thinking that youth was winking because he doesn't actually believe that baloney for a moment.
Just tweaking.

You are kind.

[MDlaxfan76]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

I'm thinking that youth was winking because he doesn't actually believe that baloney for a moment.
Just tweaking.

You are kind.

Trying.
It's early in the week.

Wonderful afternoon at my alma mater Gilman on Saturday, honoring the memory and celebrating the life of Redmond C.S. Finney. I had the benefit of having Reddy as my headmaster, mentor, hero. Perhaps his spirit may be reminding me to be 'kind'.

https://www.baltimoresun.com/obituaries ... story.html

https://baltimorefishbowl.com/stories/r ... -has-died/

[Typical Lax Dad]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

I'm thinking that youth was winking because he doesn't actually believe that baloney for a moment.
Just tweaking.

You are kind.

Trying.
It's early in the week.

Wonderful afternoon at my alma mater Gilman on Saturday, honoring the memory and celebrating the life of Redmond C.S. Finney. I had the benefit of having Reddy as my headmaster, mentor, hero. Perhaps his spirit may be reminding me to be 'kind'.

https://www.baltimoresun.com/obituaries ... story.html

https://baltimorefishbowl.com/stories/r ... -has-died/

I have heard many Reddy Finney stories. I wish I had the good fortune to be in his orbit. Really a first class individual.

[CU88]

You’d think this came from the Onion, but it didn’t.

“Why is it that every family goes into politics and enriches themselves?” Eric Trump asked, referring to the Bidens, during his Fox News appearance.

https://thehill.com/blogs/blog-briefing ... amily-goes

He can't be that stupid....those that slurp it up are a different story.

The Trumps are doing it for the good of our country.....they were already rich before the entered the Millionaire Club of insider White Collar Crime Politics.

You love you some false idols.

I'm thinking that youth was winking because he doesn't actually believe that baloney for a moment.
Just tweaking.

You are kind.

Trying.
It's early in the week.

Wonderful afternoon at my alma mater Gilman on Saturday, honoring the memory and celebrating the life of Redmond C.S. Finney. I had the benefit of having Reddy as my headmaster, mentor, hero. Perhaps his spirit may be reminding me to be 'kind'.

https://www.baltimoresun.com/obituaries ... story.html

https://baltimorefishbowl.com/stories/r ... -has-died/

Wow, we all could us a few more people like him in the world.

Thanks for sharing.