Personal and undiluted views
Wall Street

269 days ago

Video: Rate Hikes Will Kill Wall Street

Bullion manager Stephen Flood says his company is seeing a lot of demand due to inflation concerns. The broader consumer base is not interested in buying gold but he expects this will change. He claims that we’re seeing seven percent inflation and it’s likely much higher. It’s not going to take long for money to halve in buying power.

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621 days ago

Video: The Trillion-Dollar Debt Problem

Wall Street veteran Peter Grandich believes that the loose monetary policy day of reckoning must come. He says, “We just past another couple trillion in money printing. This debt isn’t something that will go away; someone will pay the price and pay dearly. Servicing this debt is an issue, and the average American has no understanding of what is occurring.”

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1433 days ago

Tom Winnifrith Bearcast: The Christmas Eve US markets bloodbath & my eight macro themes for 2019

In this Boxing Day bearcast I look at the bloodbath on Christmas Eve on Wall Street and what it means. I then go through my eight big macro themes ( in many ways it is more like twelve) for 2019. Enjoy.

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1451 days ago

The Mrs has to give a lecture on “Greed is Good” – will she do so as well as Gordon Gekko?

The Mrs has been to see her new colleagues in the Grim North and has been given her lecture schedule for next term. And on it is a talk called “Greed is Good”. Of course it damn well is.

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1697 days ago

Photo Article - Bears Party on in New York

A good day for the bears here in New York. First up I walked up from Battery Park to see where I used to work in the black and white era on Wall & Water. It is now being turned into luxury apartments. Anhow, I wandered on past the New York Stock Exchange and, as you can see, the tickers were all red. Then later on it was to meet the King of the fraudsters my pal Sam Antar who, as you can see below, is in relaxed mood. More on that in today's bearcast. 

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1697 days ago

Photo Article: paying Homage to Donald Trump in New York

This was not intentional but I just happened to be walking by and I thought the two photos below would annoy the Mrs, Godless liberal daughter Olaf and others so here goes.

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1830 days ago

It’s Time to Rotate Crypto Gains Into Forgotten Gold Stocks

Like the rest of us, Jeff Berwick has been surprised by just how good the crypto space has done this year. He was telling everyone to buy bitcoin back in 2011 and has continued to recommend it. Jeff compares cryptocurrencies to the beginning of the Internet. It feels like we are entering the Internet 3.0 and Wall Street seems to be finally catching on. The bitcoin market is still tiny, and if it ever gets valued anywhere near gold, it will still go up thousands of percent. The entire thing is bizarre and mind-blowing.

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2455 days ago

British Liberal media creams itself as proven Republican losers bash Trump but no-one else cares

You could sense how the BBC, Channel 4 News, The Guardian and the rest of the British liberal media creamed themselves last week as leading figures from the Republican establishment lined up to slam Donald Trump. For a moment the liberal media forgot that folks like Mitt Romney and John Mccain were evil right wingers, in their book anyway, and lauded them as great statesman.

As one, the only question the media pack lead by Emily Maitlis on Newsnight and the beltway liberal warrior Kylie Morris on C4, asked was "have the big beasts left it too late". That was, of course, the wrong question.

In case the liberal media had forgotten,

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2917 days ago

Audited Accounts Mean Nothing – The Great Sam Antar on twitter fire overnight

For some reason I could not sleep so at 3 AM I had a good chat with my good pal Sam Antar the mastermind of the biggest Wall Street accounting fraud of the 1980s ( Crazy Eddies) who is now a fraudbuster. Sam is a bit of a night owl but also a twitter fiend and overnight he laid into the idea that audited accounts mean anything. We also exchanged tweets on the BearCast earlier on TNAV (HERE). Time for bed Sam but this is a great volley at the accounting profession on the 13thanniversary of the demise of Enron.

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2948 days ago

Tom Winnifrith's BearCast 31st October

Equities are up. In this podcast, I discuss why but why this is not the start of a bull market. It is temporary coke and hookers time in the City and on Wall Street but only for a while. Next up I look at: Fitbug, ULS Technology & the failings of AIM, Arian Silver and other gold and silver producers, Coms and in detail following a chat with a former bull and insurance guru, Quindell.

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2991 days ago

The big daddy of fraud busting Sam Antar sends tweet to Quindell

Sam Antar was at the heart of the biggest fraud on Wall Street of the 1980s – he was FD of Crazy Eddies. But he plea bargained, escaped jail and has endeavoured to set amends ever since by expositing corporate fraud, accounting wrongdoing and by assisting the SEC in fraud busting. He is THE big daddy of fraud exposure, if he goes after someone it makes my efforts or those of Gotham City seem like those of kids in the park. And yesterday he tweeted to a certain well known AIM listed British company.

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3581 days ago

I am in the top 1 Per Cent of LinkedIn which means er...nothing

LinkedIn has emailed me to say thanks. Aaah how touchingly American. And …I mean that most sincerely. Facebook for grownups is celebrating having 200 million users and apparently I have played my part as my profile was among the top 1% most hit upon in 2012. I am so touched. Grabs Onion. Weeps. I’d like to thank various of my stalkers, notably Mark & Sarah and those folks at legal firms Pinsent Masons and Kermans for crawling all over my activity log almost every day and making this possible. And so what does this all mean? Absolutely nothing.

While Facebook is inane, LinkedIn is just rather boring. Other than alerting me to the networking activities of Alecto Resources boss Damian Conboy ( liaising with the playboy PR bird Lucy HERE) I cannot say that it has really brought me much in the way of laughs over the past year. For what it is worth I am now on Facebook. I use it as I use LinkedIn to churn out links to my articles and so to attract readers to TomWinnifrith.com. And for what it is worth, over the past month LinkedIn has brought in about 3% of my traffic and Facebook 1.3%.

Natch I ‘d like to thank the two firms concerned but not by giving them any money. I am a customer in that I add to their metrics they boast about to hoodwink Wall Street. But the cash I generate for both firms is exactly £0.00. I have never clicked on an advert & will not do so. I use them for free marketing and that is it. I will link in or whatever the term is on Facebook with anyone (even one of those aforementioned stalkers) as it means they get alerted to my articles and might just be read them.

I am also sure that the 1% is misleading. In the same way that I think I am around the 2 millions most followed person ( of 500 million) on twitter ( @tomwinnifrith in case you want to push me over 3,000 today), the scales are logarithmic. So the top 2000 twitter people in terms of followers are followed by 1 million + or whatever and hen it tails off quite dramatically. And of course most of the twitter followers of those with a million + followers are paid for robots, exercises in vanity ( as I explained here) I am pretty sure LinkedIn traffic patterns are pretty similar. So being on the edge of the top 1% is a lot closer to being in the bottom 1% than it is to being in the top 0.1%. And on twitter I am closer in absolute terms to being the least followed person on this planet than I am to being the 1 millionth most followed.

Alerts on this article will naturally whizz off into the ether by twitter, Facebook and LinkedIn – I still fail to grasp why I add anything at all to your bottom lines, but thanks for having me none the less.

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3674 days ago

Obama Wins: Great for Gold, US Long Term Economic Train Crash Thesis Unchanged

Well I told you so. My heart in the end went, marginally, for Romney and as I see deluded lefties across the media world delighting in another four years of hopey change I feel Romney’s pain. But my head told me Obama would win and so I have called it as an Obama victory from the moment it became clear he was going to face Mitt. I never flinched in that – whilst other conservative writers claimed Mitt had momentum and would inch it, this pundit got it 100% right. I shall cover the political and coverage aspects later but starting with the economy. Obama’s victory is not very good news for the USA.

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3676 days ago

How to Get Fired so that you can get Benefits – Blood Boiling Moment

Just a brief insight into the mindset of those who will ultimately destroy the West: the publication of a new book “How to Get Fired So You Can Collect Benefits.” This book is published by Revolutionary Books the firm that brought you such winners as A Pig Named Wall Street, and Confessions of an alcoholic who put down the bottle for revolution – a book that apparently contains the confessions of a citizen who overcame their alcoholism for the sake of the community, the people, the Revolution. If you are looking for further reading…

How about, The Anti Upper Class Fact Book. Apparently this book features 500 facts about the upper class. These facts will show the moral and psychological corruption of the wealthy.

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