sell! sell! sell!

[tiznow]

Trump loves to wind up the Liberals with bs like that

Now every Lib MSM outlet will be running huge articles on his comment, twitter will be buzzing with indignation... and it was all sorted out by the supreme court decades ago lol

The libs are so easy to wind up he just can't help himself

I'm far from a "lib"

supporting Supreme Court decisions and the constitution is conservative in my mind.... what donnie said was very liberal in my mind..

conservatives continously bastardized and liberalized we've become a one party system of liberalism.. just look at his economic plans liberal as it gets spend and debt like crazy.. bush was a liberal too.. patriot act liberal.. no child left behind liberal... spending money on wars and other nonsense is liberal ..

 

[tiznow]

Saudis caved in and supposedly gonna cut output.. oil back to 50 up 7%

 

[tiznow]

Now American CEOs can threaten to move to Mexico and get a bailout! Liberalism at its best.. free markets are dead

---------

[h=2]Trump's Carrier deal draws hugely divided reactions[/h]By Heather Long November 30, 2016 00:21AM EST


It took just one tweet Tuesday for the deep divide over President-elect Donald Trump to flare again.
Carrier, a company that makes air conditioners, tweeted that it had reached a deal with Trump to save nearly 1,000 factory jobs in Indiana from going to Mexico.
Many conservatives erupted in praise for Trump the job saver who is already delivering on his promises. Many liberals erupted in skepticism. They demanded details of just how much Trump must have had to give away to save only half of the jobs Carrier intended to take to Mexico.

​

"If President Election Donald Trump keeps doing what he did for Carrier, he can tweet at 4:50am in the morning...we don't care. #WeWantJobs," tweeted conservative radio host Wayne Dupree.
Carrier says it has struck a deal with Trump to keep nearly 1,000 jobs in Indiana

Carrier poses an early critical test for Trump, who promised during the campaign to keep American jobs from fleeing to Mexico. It's also shaping up to be a test for the media: How big of a "win" will outlets call this for Trump.
Some Trump supporters made it clear where they stand -- and that they are scrutinizing media reaction.
"The elitist media snobs are already trash talking the #Carrier deal. They can't stand watching Trump fight & win for the working class," tweeted a Trump campaign volunteer in Arizona.
"This is fantastic news!! Win-win for all!!" wrote Indiana realtor Daniell Barton on Facebook.
Related: It's OPEC vs. Trump on oil
While Trump fans celebrated, many left-leaning personalities did not.
"It is impossible to assess the merits of the Carrier deal until we know why the company changed its mind -- and at what cost to taxpayers," tweeted New York Times correspondent Binyamin Appelbaum.

"Company says they'll leave, government comes up with a big bribe to pay them to stay," tweeted MSNBC host Chris Hayes.

Carrier, which is owned by defense contractor United Technologies (UTX), announced in February that it would close two Indiana plants, costing a total of 2,100 jobs. It's unclear what will happen to the other jobs. Trump scheduled a press conference at the Indiana Carrier plant Thursday to unveil more details.

 

[tiznow]

Also carrier previously announced they were moving 2000 jobs to mexico.. during the campaign Donnie was screaming tariffs..

now through pence he is using a taxpayer subsidized bailout to keep remaining 1000 in us for a photo op.. what a complete sham...

 

[tiznow]

Didn't know Bannon was GS alum as well.. makes sense.. every movement that begins with the right thought process of "changing Washington" gets co-opted by the establishment.. same ol shit.. also the election result is starting to make perfect sense now..

-------

Goldman Sachs poised for return to power in Trump White House

By Ben White
11/30/16 12:04 PM EST

Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. | Getty

NEW YORK — Government Sachs is returning to Washington.
After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers.
Story Continued Below
Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and Budget, people close to Cohn and the transition said. Cohn, a long-time commodities trader, is friendly with Trump’s powerful son-in-law, Jared Kushner.
It’s a stunning reversal of fortune for Goldman, a long-time Washington power that fell out of favor following the financial crisis. CEO Lloyd Blankfein got hauled before Congress along with other Wall Street executives to account for their behavior. And Trump, who ran as a populist and bashed Wall Street on the campaign trail, featured Blankfein as a shady and dangerous character in his final campaign ad.
Rolling Stone’s Matt Taibbi famously labeled Goldman the “great Vampire Squid” on the face of America.
Had Hillary Clinton won the White House, Goldman faced a virtual lock-out from Washington with Sens. Elizabeth Warrenand Bernie Sanders poised to block and major picks from the bank or any other firm on Wall Street.
Now Goldman, whose proximity to the levers of power dates to the early 20th Century and the creation of the Federal Reserve, stands to return to a level of influence unmatched by any other company in America. And Warren and her allies are left throwing darts from the sidelines.
“We are talking about a massive change in tone in literally just three weeks,” said William Cohan a former banker and author of “Money and Power: How Goldman Sachs Came to Run the World. “If this had gone as the cognoscenti thought it was going to go we would be hearing Elizabeth Warren with her megaphone saying no one with a Wall Street background is getting anywhere near a Washington job.”
The rise of Goldman is also filled with ironies for Trump, even beyond his recent bashing of Blankfein.
Like many Wall Street banks, Goldman stopped doing business with the real estate mogul years ago, scared off by his bankruptcy filings. Many of the firm’s top executives made it clear they preferred Clinton for president.
Now Mnuchin, whose father was also a powerful Goldman banker, will be Trump’s top economic adviser, and he is already promising an agenda that thrills Wall Street and terrifies many Democrats.
“Our number one priority will be tax reform. This will be the largest tax change since Reagan,” Mnuchin said on CNBC’s “Squawk Box” on Wednesday, flanked by Wilbur Ross, the billionaire investor tapped by Trump to serve as Commerce secretary. “We’re going to cut corporate taxes … we’re going to get to 15 percent,” said Mnuchin, who also argued for changing parts of the Dodd-Frank financial reform law that curtailed many of Wall Street’s swashbuckling ways.
“The number one problem with Dodd-Frank is it’s way too complicated and it cuts back on lending,” Mnuchin said. “So we want to strip back parts of Dodd-Frank that prevent banks from lending. And that will be the number one priority on the regulatory side.”
Those kinds of comments and the rise of Goldman and Wall Street influence in Trump’s Washington is sending progressive Democrats into a panic. Liberals fear an agenda that will slash tax rates for the wealthy and corporations and gut regulations while allowing Wall Street to go back to the kind of trading practices that helped fuel the financial crisis.
Even many reform-minded conservatives wanted Trump to pick a different Treasury Secretary, someone like House Financial Services Chairman Jeb Hensarling or former BB&T CEO John Allison for the job. Both have strong views on increasing bank capital requirements and fighting so-called “Too Big to Fail” institutions. It’s much less clear that Mnuchin will do anything to make life difficult for large banks.
Warren came out firing against Mnuchin on Tuesday night. And Democrats plan to hammer the Treasury nominee’s record as head of OneWest, a California bank derided as a “foreclosure machine” during the depths of the crisis.
“Steve Mnuchin is the Forrest Gump of the financial crisis — he managed to participate in all the worst practices on Wall Street,” Warren said in a statement on Tuesday night. “He spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money before he moved on to run a bank that was infamous for aggressively foreclosing on families.”
Sen. Ron Wyden (D-Ore.), ranking Democrat on the Senate Finance Committee, which will consider Mnuchin’s nomination, promised thorough hearings including a focus on Mnuchin’s time at OneWest. The attacks may not be enough to derail Mnuchin, but they will add to a developing Democratic strategy of undercutting Trump’s blue-collar credentials by portraying him as a billionaire plutocrat governing with the interests of his rich friends in mind.
“There are a number of serious problems raised by populating the most senior positions in government from a single bank and from a single industry,” said Dennis Kelleher, CEO of financial reform group Better Markets. “Whether it’s true or not, Goldman Sachs will be perceived as having privileged access and influence throughout the government. What we need most, and Candidate Trump seemed to understand this, is a view that prioritizes what’s good for Main Street and the real economy.”
Goldman defenders say a negative focus on Mnuchin’s time at the bank is unfair and that he has the economic and markets expertise to help create faster economic growth that lifts wages across the board.
“I commend President-elect Trump on his outstanding selection of Steven Mnuchin to be Secretary of the Treasury,” former Goldman CEO and George W. Bush Treasury Secretary Hank Paulson said in a statement on Wednesday. “Steven embodies the characteristics necessary to be a very good Treasury secretary. He is a doer with the analytic and political skills to get things done in a complex environment.”
Goldman supporters also note that had Clinton won, the left would have pushed for Gary Gensler, former head of the CFTC and himself a long-time Goldman banker, to be Treasury secretary or take some other high-profile post.
“Throughout its 147-year history, Goldman Sachs has encouraged its employees to give back to the community while they are working here and after they leave,” said Jake Siewert, communications director at Goldman. “We are proud that many have gone on to serve their country and their communities after they have left.”
The return of Goldman to prominence in Washington restores a tradition that waned in recent years. The relationship dates to back at least to 1913 when one of the firm’s founding partners, Henry Goldman, helped create the Federal Reserve.
The influence declined during the Depression only to rise again with Goldman head Sidney Weinberg’s close relationship with President Franklin Delano Roosevelt. More recently, Goldman held sway in President Bill Clinton’s White House with the elevation of former co-chairman Robert Rubin to Treasury secretary during a period that saw significant deregulation of the banking industry and the repeal of the Depression-era Glass-Steagall law separating the activities of retail and investment banking.
And when the financial crisis hit in 2008, then-president Bush turned to Paulson to help design a Wall Street bailout package that pumped hundreds of millions of taxpayer dollars into the financial industry.
Defenders of the bailout say it saved the economy from potential ruin and most banks including Goldman quickly paid back all federal funds. But Wall Street critics worry that the return of Goldman to such levels of power will ensure friendly treatment of the industry that could spark more crises in the future.
“My real issue with Mnuchin is that it really is a start the countdown clock moment to the next crash,” said Kelleher. “That is the inevitability if the Wall Street view of the world once again becomes policy.”

 

[PatsFan1283]

Saudis caved in and supposedly gonna cut output.. oil back to 50 up 7%

Not an expert but everything I read they should've just kept it going on the cheap.

Spiking the price will just lead to more production from US and then they lose market share and back to where they started.

Better off to control market how it is.

 

[tiznow]

They got backed into a corner they fiscally can't survive 30 dollar oil long term and inaction likely woulda sent it there.. will see how Long this OPEC spike lasts others faded...

they want 50-60 long term.. keeps decent market share and profits while they transition themselves off oil dependency... and still low enough candian tar sand stuff not feasible..

 

[RoofTop]

LVS has to be a buy here, no?

 

[CHOPTALK]

OPEC finally says uncle

 

[CHOPTALK]

Not an expert but everything I read they should've just kept it going on the cheap.

Spiking the price will just lead to more production from US and then they lose market share and back to where they started.

Better off to control market how it is.

They are pretty much maxed out as it is anyway .
Most of OPEC could not produce much more then they already are so you might as well make a big pronouncement that you are cutting back

 

[tiznow]

OPEC/Saudi Arabia was desperate enough to push all in with "official" agreement.. now they can no longer jawbone oil higher on every dip with threats of cuts...

 

[tiznow]

Good luck trump.. and heavy debtors all around..

5 year now 1.25 to 1.91% since election

housing market (back at previous bubble peak levels) likely will come to screeching halt in the coming months...

eventually equities will wake up to reality that its depended on all this cheap debt to stay afloat...

---------

Global Bonds Suffer Worst Monthly Meltdown as $1.7 Trillion Lost

More stories by Garfield Clinton Reynolds
The 30-year-old bull market in bonds looks to be ending with a bang.
The Bloomberg Barclays Global Aggregate Total Return Index lost 4 percent in November, the deepest slump since the gauge’s inception in 1990. Bonds in Europe extended declines with their U.S. peers as OPEC’s agreement on Wednesday to cut oil production added to prospects of higher inflation. The reflation trade has been driving markets since Donald Trump’s presidential election win due to promises of tax cuts and $1 trillion in infrastructure spending. All this has prompted investors to dump debt that was offering near-record-low yields and pile into stocks.

Calling an end to the three-decade bond bull market is no longer looking like a fool’s errand: the Federal Reserve is expected to start raising interest rates -- and do so more often than once a year, inflationary expectations are climbing and there are hints global central banks may be buying fewer sovereign securities going forward. Investors pulled $10.7 billion from U.S. bond funds in the two weeks after Trump’s victory, the biggest exodus since 2013’s “taper tantrum,” while American stock indexes jumped to record highs.
Apart from “OPEC’s intentions to support prices, the broader pressures as regards rising inflationary expectations and the impact this is having in terms of upward pressure on yields is notable,” said Matthew Cairns, a strategist at Rabobank International in London. “The market has moved with remarkable swiftness to price in the anticipated reflationary impact of a Trump administration.”
“This has, in turn, prompted a notable rotation out of fixed income and into equities,” Cairns said. Still, he cautioned that moves are “remarkable given the distinct lack of clarity as regards what policies the president elect will actually pursue.”
November’s rout wiped a record $1.7 trillion from the global index’s value in a month that saw world equity markets’ capitalization climb $635 billion.
The yield on 10-year U.S. notes rose 56 basis points in November, the biggest jump since 2009, and was at 2.41 percent as of 7:07 a.m. in New York. Yields on similar-maturity German bunds reached a two-week high of 0.32 percent, while those on U.K. gilts rose four basis points to 1.46 percent.

The average yield on the Bloomberg Barclays Global gauge climbed to 1.61 percent on Nov. 23, after touching a record low of 1.07 percent on July 5.
“A lot of people are beginning to think that it is the end of the bull rally,” said Roger Bridges, the chief global strategist for interest rates and currencies in Sydney at Nikko Asset Management’s Australia unit, which oversees $14 billion. U.S. 10-year yields may rise to 2.7 percent in January, Bridges said.
Read More: Few bond investors are seeing an end to the rout
The rise in yields shows the limitations of the quantitative easing policies at the biggest central banks, Bridges said. Bonds will be especially vulnerable if the European Central Bank discusses reducing its debt-purchase program at its Dec. 8 meeting, he said.

 

[tiznow]

Goldman stock 175 to 223 since trump elected..

 

[tiznow]

GS/JPM/banksters in bed with trump we gonna bankster party like it's mid 200?s like we did under dubya/GOP control rally keeping dow green again.. everything else been diverging for days now...

 

[tiznow]

Same guy who to get elected talked smack about banksters and their close ties to Hillary etc.. all one big ruse.. even I didn't see this coming so blatantly and quickly.. boggles my mind how shameless and blatant "they" have become..

should be quite the shitshow once it gets to point of him actually being in office getting all these guys confirmed etc.. till than party on like it's mid 200?s where banksters run free to do as they please..

 

[PatsFan1283]

I dunno, not really surprised at all.

Everything from the deficit spending to make Wall St happy to the appointments I pretty much expected.

 

[tiznow]

I dunno, not really surprised at all.

Everything from the deficit spending to make Wall St happy to the appointments I pretty much expected.

Just mainly find it hilarious he's giving a huge finger to who voted him in.. and so blatantly and quickly.. like you said he coulda went with say an Allison for treasury but instead went Goldman alum..

pretty big contingent of the Zerohedge crowd was pro trump and now they gone silent that reality of him being a Wall Street friedly whore has set in.. and we are worse off in that respect than we would be hillary.. now that only the bond market can stop them.. not congress..

hes just another puppet and "they" will do what they have done for decades upon decades now.. support their pockets/globalism and give the finger to the middle class..

 

[tiznow]

That said don't think it will be as easy to pull off as has been Wall streets reaction to date.. fiscal situation gonna make it tough to slash taxes and spend like crazy no infrastructure as hoped.. guess we'all see what happens.. if they pull it off the bubble created will be hilarious.. as we already at overvaluation/bubble levels..

 

[PatsFan1283]

Just mainly find it hilarious he's giving a huge finger to who voted him in.. and so blatantly and quickly.. like you said he coulda went with say an Allison for treasury but instead went Goldman alum..

pretty big contingent of the Zerohedge crowd was pro trump and now they gone silent that reality of him being a Wall Street friedly whore has set in.. and we are worse off in that respect than we would be hillary.. now that only the bond market can stop them.. not congress..

hes just another puppet and "they" will do what they have done for decades upon decades now.. support their pockets/globalism and give the finger to the middle class..

Most people aren't thinking that hard about it. I'd guess most that voted for him don't really care what he has done so far as far as appointments or what he has said. Maybe 10% of the voters could even tell you what Goldman Sachs does? It isn't many.

It's America, your average voter doesn't really know anything. If you speak with confidence and conviction then they will go along with it for a little bit (see Obama)

Not sure on the ZH/infowars/breitbart crowd or anything, my guess is those people will lie to themselves until they can't anymore. This stuff mostly just rooting for sports teams to people, until SHTF and it effects their actual lives.

 

[PatsFan1283]

Tiz, I will just say I saw the press conf today and Trump did double down on the "Companies won't leave" rhetoric. So it isn't like he is just pussyfooting and folding. He reiterated in strong terms what he said on the campaign trail.

Regardless of what we think about that, I don't think you can just say he totally did an about face on that issue. Not yet anyway.

http://www.cnbc.com/2016/12/01/afte...s-others-cant-leave-without-consequences.html