COMPETITORS CONTEMPT – A CALCULATED TACTIC OF SCARE MONGERING
Monetary permahawkery, is what New York Times columnist Paul Krugman calls ZERO HEDGE. The fictitious author of Zero Hedge, Tyler Durden, is a pseudonym; used by Zero Hedge founder (2009) Daniel Ivandjiiski has provided permission to over 40 editorial financial news writers. The tactic of using Durden as a non-de plume provides a firewall for whistle blowing on mainstream financial media and moreover, protection from malicious hacking – a well-known tactic used to silence outspoken journalists.
Ivandjiiski is accused of being “anti-establishment” by CNNMoney, a televised program that have a $6 billion a year revenue and yet, I for one, have never seen the hosts interview a viewer who became a millionaire investor by watching their program. Accredited for being conspiratorial, Ivandjiiski did earn high-brow recognition for his successful exposure of “…persistent investigator report,” turned the infamously unregulated high-frequency trading “into a big political issue.” Even more so, a negative report regarding Bank of America’s business practices in December 2012, brought about threats of termination of BOA employees, or more simply just “blocked” the site on the bank’s computer system.
Zero Hedge is a globally read blog; depicting editorial opinions that confront the authenticity of mainstream financial reportage. “
Bloomberg Markets noted in 2016 that since its founding in the middle of the financial crisis, “Zero Hedge has grown from a blog to an Internet powerhouse.
It was noted that in less than a year, Quantcast reported that Zero Hedge had attracted over 333,000 visitors to the site.
Often distrustful of the ‘establishment’ and almost always bearish, it’s known for a pessimistic worldview. Posts entitled ‘Stocks Are In a Far More Precarious State Than Was Ever Truly Believed Possible’ and ‘America’s Entitled (And Doomed) Upper Middle Class’ are not uncommon.” (Wikipedia: Zero Hedge)
The protagonist author, Durden, could be defined as a disgruntled editor and adversary of the financial markets; yet his pessimistic view has accredited Ivandjiiski the Durden’s portrayal is highly controversial given that the creator and founder Daniel Ivandjiiski was accused of “insider trading” – the decisive conclusion of an investigation by FINRA in 2008, based on evidence of insider trading. In the vein of the fictitious character created by the author of Fight Club, the Zero Hedge character parallels a Wall Street hybrid. Ivandjiiski read Chuck Palahniuk’s Fight Club, where somewhere between the lines, he is determined to provide a false identity for other’s who have been put in similar situations – caught within the untrustworthy confines of the Wall Street fortress; then one day suddenly wakes up to find their true identity, labeled as an anarchist set out to bedeviled Wall Street’s dubious secrets of graff and blatant lying to client’s. An example is exploiting “active management fund” investments, by rebalancing the fund just to charge more fees to the client.
HALF-BAKED HOOEY FULL OF BULGARIA
Obviously Wall Street’s heavy weight, Krugman along with Calculated Risk’s Bill McBride venomously attack Zero Hedge with what they believe is “appropriate contempt”. You will not find benevolence in the financial industry. Nor should you expect loyalty among the ranks. Colin Lokey joined Zero Hedge in 2015. Lokey, interviewed by Bloomberg News, claimed that he felt disingenuous, and pressured to “frame” issues as political summations that were degrading. Lokey, upon leaving Zero Hedge said, “I can’t be a 24-hour cheerleader for Hezbollah, Moscow, Tehran, Beijing, and Trump anymore. It’s wrong. Period” (Sourced from Wikipedia, Zero Hedge).
Lokey made a hundred thousand salary in 2015, off of what he accuses Ivandjiiski of creating a “clickbait” advertising platform. To me, Lokey sounds a little naive regarding the whole spectrum of online reportage. And walking away with a six figure salary is rather hypocritical.
Paul Krugman, whether he had knowledge of or didn’t (hard to believe) or just wanted to protect his lush, plush lifestyle, didn’t blow the lid off the corruption within the banking industry, Matt Taibbi cites Zero Hedge as having scooped the culprits hard at work in the cover up of the housing market foreclosures.
ZERO HEDGE – “THE MO OF A SOVIET AGITPROP OPERATION”
Dr. Craig Pirrong, a Bauer College of Business professor, openly claims that Zero Hedge propagates its presence in the context of “agitation of propaganda” – citing credible parallels between Zero Hedge and the Russian news source, Russia Today. (RT) Pirrong condons an innuendo of literary vulgarity that is counterposed, depicting a pettiness to diminish the inherent worth of an out spoken consciousness regarding the over-all conception of Zero Hedge.
Dr. Pirrong’s depiction tainted with a wildly insidious criticism of the program, Russia Today, is exactly why Zero Hedge needs to exist. Pirrong is propagating a terrible and insidious dissent against free speech, for which he takes for granted.
More importantly Pirrong needs to make an apology for his shameless attack – publically posted on Internet – against RT as a Soviet propaganda platform. I personally know, first hand, that they, who have founded RT, have taken great risks for their own lives to bring a model of Western journalism to the reconstruction of Russia.
UNTIMELY THOUGHTS – MAXIM GORKY’S DEMISE
One of the editors and hosts of RT, has a resume that outstrips Pirrong’s credentials. His academic and literary accomplishments include a Fulbright Research Fellowship. His name is Peter Lavelle, one of the founders and program hosts for Russia Today.
Of the several publications he’s founded in Russia and Eastern Europe over the last few decades, as an advocate for journalistic transparency, to which he has been undaunted in propagating on his own behalf, has never been invited to any of America’s prominent financial news programs, though his prestige of economic realism could teach the Western world more about the inadequacies of their own “free market”. His homeland, the United States, does not recognize the proletariat of truth, just as Gorky, who associated with Leo Tolstoy and Anton Chekhov, validated his place among the intellectual elite of his day.
When I was a resident in the Baltics I wrote a political commentary for Lavelle’s Moscow based eMagazine “Untimely Thoughts”, Lavelle told me that out or respect for Gorky’s literary reputation, one who rose up from the poverty of a peasant to the intellectual elite, this publication would pay homage to Gorky’s illustrious life.
Gorky, one of Russia’s most beloved literary writers, was put under house arrest in 1934, after the sudden death of his son. Gordy’s life ended shortly after, speculated that Stalin had ordered Yagoda’s NKVD (secret police) to carry out the clandestine termination. During Gorky’s career as a writer, he changed his name several times, struggling to survive the contradictory conditions of cultural beliefs.
THE GOLDEN RULE – A FIDUCIARY DUTY
‘IF THOU ART NOT FOR THYSELF, WHO WILL BE FOR THEE? BUT IF THOU ART FOR THYSELF ALONE, WHEREFORE ART THOU’?
HILLEL THE ELDER, A JEWISH SAGE
COMPETITORS CONTEMPT – A CALCULATED TACTIC OF SCARE MONGERING
Monetary permahawkery, is what New York Times columnist Paul Krugman calls ZERO HEDGE. The fictitious author of Zero Hedge, Tyler Durden, is a pseudonym, used by Zero Hedge founder (2009) Daniel Ivandjiiski has provided permission to over 40 editorial financial news writers. The tactic of using Durden as a non de plume provides a fire wall for whistleblowing on mainstream financial media and moreover, protection from malicious hacking – a well known tactic used to silence outspoken journalists.
Ivandjiiski is accused of being “anti-establishment” by CNNMoney, a televised program that have a $6 billion a year revenue and yet, I for one, have never seen the hosts interview a viewer who became a millionaire investor by watching their program. Accredited for being conspiratorial, Ivandjiiski did earn high-brow recognition for his successful exposure of “…persistent investigator report” turned the infamously unregulated high-frequency trading “into a big political issue.” Even more so, a negative report regarding Bank of America’s business practices in December 2012, brought about threats of termination of BOA employees, or more simply just “blocked” the site on the bank’s computer system.
Zero Hedge is a globally read blog; depicting editorial opinions that confront the authenticity of mainstream financial reportage. “
Bloomberg Markets noted in 2016 that since its founding in the middle of the financial crisis, “Zero Hedge has grown from a blog to an Internet powerhouse.
It was noted that in less than a year , Quantcast reported that Zero Hedge had attracted over 333,000 visitors to the site.
Often distrustful of the ‘establishment’ and almost always bearish, it’s known for a pessimistic world view. Posts entitled ‘Stocks Are In a Far More Precarious State Than Was Ever Truly Believed Possible’ and ‘America’s Entitled (And Doomed) Upper Middle Class’ are not uncommon.” (Wikipedia: Zero Hedge)
The protagonist author, Durden, could be defined as a disgruntled editor and adversary of the financial markets; yet his pessimistic view has accredited Ivandjiiski the Durden’s portrayal is highly controversial given that the creator and founder Daniel Ivandjiiski was accused of “insider trading” – the decisive conclusion of an investigation by FINRA in 2008, based on evidence of insider trading .
In the vein of the fictitious character created by the author of Fight Club, the Zero Hedge character parallels a Wall Street hybrid. Ivandjiiski read Chuck Palahniuk’s Fight Club, where somewhere between the lines, he is determined to provide a false identity for other’s who have been put in similar situations – caught within the untrustworthy confines of the Wall Street fortress; then one day suddenly wakes up to find their true identity, labeled as an anarchist set out to bedeviled Wall Street’s dubious secrets of graff and blatant lying to client’s. An example is exploiting “active management fund” investments, by rebalancing the fund just to charge more fees to the client.
HALF-BAKED HOOEY FULL OF BULGARIA
Obviously Wall Street’s heavy weight, Krugman along with Calculated Risk’s Bill McBride venomously attack Zero Hedge with what they believe is “appropriate contempt”. You will not find benevolence in the financial industry. Nor should you expect loyalty among the ranks. Colin Lokey joined Zero Hedge in 2015. Lokey, interviewed by Bloomberg News, claimed that he felt disingenuous, and pressured to “frame” issues as political summations that were degrading. Lokey, upon leaving Zero Hedge said, “I can’t be a 24-hour cheerleader for Hezbollah, Moscow, Tehran, Beijing, and Trump anymore. It’s wrong. Period” (Sourced from Wikipedia, Zero Hedge).
Lokey made a hundred thousand dollar salary in 2015, off of what he accuses Ivandjiiski of creating a “clickbait” advertising platform. To me, Lokey sounds a little naive regarding the whole spectrum of online reportage. And walking away with a six figure salary is rather hypocritical.
Paul Krugman, whether he had knowledge of or didn’t (hard to believe) or just wanted to protect his lush, plush lifestyle, didn’t blow the lid off the corruption within the banking industry, Matt Taibbi cites Zero Hedge as having scooped the culprits hard at work in the cover up of the housing market foreclosures.
ZERO HEDGE – “THE MO OF A SOVIET AGITPROP OPERATION”
Dr. Craig Pirrong, a Bauer College of Business professor, openly claims that Zero Hedge propagates its presence in the context of “agitation of propaganda” – citing credible parallels between Zero Hedge and the Russian news source, Russia Today. (RT) Pirrong condons an innuendo of literary vulgarity that is counterposed, depicting a pettiness to diminish the inherent worth of an out spoken consciousness regarding the over-all conception of Zero Hedge.
Dr. Pirrong’s depiction tainted with a wildly insidious criticism of the program, Russia Today, is exactly why Zero Hedge needs to exist. Pirrong is propagating a terrible and insidious dissent against free speech, for which he takes for granted.
More importantly Pirrong needs to make an apology for his shameless attack – publically posted on Internet – against RT as a Soviet propaganda platform. I personally know, first hand, that they, who have founded RT, have taken great risks for their own lives to bring a model of Western journalism to the reconstruction of Russia.
UNTIMELY THOUGHTS – MAXIM GORKY’S DEMISE
One of the editors and hosts of RT, has a resume that outstrips Pirrong’s credentials. His academic and literary accomplishments include a Fulbright Research Fellowship. His name is Peter Lavelle, one of the founders and program hosts for Russia Today.
Of the several publications he’s founded in Russia and Eastern Europe over the last few decades, as an advocate for journalistic transparency, to which he has been undaunted in propagating on his own behalf, has never been invited to any of America’s prominent financial news programs, though his prestige of economic realism could teach the Western world more about the inadequacies of their own “free market”. His homeland, the United States, does not recognize the proletariat of truth, just as Gorky, who associated with Leo Tolstoy and Anton Chekhov, validated his place among the intellectual elite of his day.
When I was a resident in the Baltics I wrote a political commentary for Lavelle’s Moscow based eMagazine “Untimely Thoughts”, Lavelle told me that out or respect for Gorky’s literary reputation, one who rose up from the poverty of a peasant to the intellectual elite, this publication would pay homage to Gorky’s illustrious life.
Gorky, one of Russia’s most beloved literary writers, was put under house arrest in 1934, after the sudden death of his son. Gordy’s life ended shortly after, speculated that Stalin had ordered Yagoda’s NKVD (secret police) to carry out the clandestine termination. During Gorky’s career as a writer, he changed his name several times, struggling to survive the contradictory conditions of cultural beliefs.
THE GOLDEN RULE – A FIDUCIARY DUTY
‘If thou art not for thyself, who will be for thee? But if thou art for thyself alone, wherefore art thou’?
hILLEL THE ELDER, A JEWISH SAGE
NORSE – 80,000,000 SENSORS TRACKING HACKERS
Since the time I submitted articles to Untimely Thoughts several years ago, my computer was hacked on several occasions. The reality of computer hacking globally is explicitly shown on Norse. Google “Norse”. You’ll be shocked.
Now think of the multitude of traders in the world using computers to execute their trades. Take into account the influence of High Frequency Trading and what it is doing to our global markets.
I received a Tweet today asking how could the DOW break a new high, yet the volatility in price moves with market driving assets aren’t showing a relative correlation of movement. You’d think a majority of assets would be make new highs, yet what I see are aberrations of “spikes” that reflect Bid/Ask spread manipulations by electronic “machine to machine” algorithm trade executions from high frequency executions that are non-transparent.
We need to track net orders and net shares to price ranges. The means of which can be built by Excel spreadsheets, and plugged into real time day trading. Well, that’s another topic for another day.
Just keep in mind that for every second the market is open, the HFTs are transacting 2.5 trades in one second. This is enough to push the spread apart by one “unseen” penny wise pairing; enough for a $10 million dollar trade to cash in your holdings.
And that brings us to a ZERO HEDGED market.
Caveat: The comments expressed in this article are solely those of the author.
GRTS PORTFOLIO ANALYSIS 