Personal and undiluted views
Zero Hedge

1415 days ago

Exactly – why would anyone live in a town?

Okay, the post below from a reader of Zero Hedge is tongue in cheek but I share the sentiments completely

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1849 days ago

Tom Winnifrith Bearcast - the scariest graphic you will see this year + IQE: Buy sell or hold

The scariest graphic you will see this year is on Zero Hedge below and shows just how each country in Europe is ageing. I discuss what it says about the scorched earth policies the EU has imposed on the Southern Europeans, about Germany and about the UK and Eire. This is the old world. It is dying. We in the UK need to focus elsewhere as we approach Brexit. Then it is onto IQE (IQE) and its £95 million placing: buy, sell or hold.

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2153 days ago

British Press gagged on naming source of FakeNews Trump allegations - has the MoD not heard of the Internet? How to find the man

The source of the utterly unverified allegations against Donald Trump pumped out by CNN today and duly gobbled up by the liberal media elite is originally a former British spy. As it becomes increasingly clear to all - other than the BBC and C4 - that this really is fake news, the Ministry of Defence has issued a D Notice stopping the British Media from naming the ex spy. What a farce.

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2320 days ago

Are you a guilty white liberal who wants to self flagellate to atone for the sins of your ancestors?

Do you read the papers every day feeling guilty about your white privilege? Obviously that means that you are not a working class person living in a rust belt town with no job but a liberal with a good education living in metropolitan luxury. But you keep telling those unemployed folks that they enjoy privilege and need to pay up for it. Then go tweet about what a bigot Donald Trump is.

But you are worried that the Democrats are so beholden to Wall Street that they will not raise taxes for the really rich (like you). It is, after all , better to punish those privileged white folks in the rust belt again. But still you think the Government should take more money away from folks who have worked hard to earn it. That is because the Government spends it so wisely. Hey, more cash for Hillary to go send some poor kids off to have their legs blown off in the Middle East with a dumbass war. What a good idea.

So here's a way to get rid of that liberal guilt and make some reparations direct 

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2421 days ago

Gulf Keystone 0p by early May - I slash target price from 1p

I am beginning to think that my 1p target price for Gulf Keystone (GKP) is in fact far too generous. Having called this as a sell at 180p and all the way down to abuse from every moron in the land I think it is time to revise the target price. The shares are off another 9% today to just 4.675p. Okay I shall stop being a nice guy, I am cutting my target price from 1p to 0p.

I had thought shareholders might be left with a little something post a debt for equity swap. But I am struck by this piece on Zero Hedge:

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2442 days ago

Tom Winnifrith Bearcast 28 March: Paul Scott, Ascent loons, in fact everyone is in denial

Cripes the Mrs listened to me recording this and said that it was jolly interesting. I must have done something right today. On the agenda, I start with global denial, the fake econmic recovery since 2008 and how it will end in tears. I refer to a cracking Zero Hedge article here. Then it is Paul Scott in denial on how management change really changes so little so often. Finally it is Ascent (AST) loons in denial in equating sunk costs to fair value. Folks please if you wish to FYB tomorrow do not let me stop you as you will be able to buy shares we own and will happily let you have. But in all good conscience I must explain why you are bonkers.

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2527 days ago

You have been warned..ignore the mainstream press & Malcolm Stacey, I am not the only mega-bear

I see the Daily Telegraph is today still pushing the "we are in a bull market don't miss out" line so favoured by Malcolm Stacey. It is not a view I share. This article by Jim Quinn appeared on Zero Hedge yesterday and is superb. Just brilliant. Read it and be warned...

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2660 days ago

Tom Winnifrith Bearcast 23 August - Update on my 10 (14) stocks to sell for summer

The Bear shares portfolio I outlined for summer on 19 July HERE is doing pretty well i.e tanking.  Yesterday I outlined my reasons for continuing to remain bearish at a macro level HERE and I also refer to an excellent piece on Zero Hedge HERE. Then I return to the bear portfolio which is:

Avanti Communications, blinkx, Mosman Oil & Gas. LGO Energy, Jiasen, China Chaintek, JQW, Camkids, Rosslyn Data Technologies, blur, Outsourcery and Gulf Keystone.

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2704 days ago

Chinese stockmarket still crashing – so now they want to arrest pandas

China is opening down another 2% today. Almost half the stocks out East are still halted or suspended so what is today’s (failing) panic reaction from the Authorities? Yes – arrest the bears, putt the pandas in cuffs because as we all know, the only reason shares fall is because of evil bears. Rob Terry really should list his latest fraud Quob Park in China.

According to translations on Zero Hedge :

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2730 days ago

Tom Winnifrith BearCast Special - looking back to 2001 & the 2015 New Media Bubble

In this podcast I look back to my own experiences of the dotcom bubble of 2000-2001 you see I remember it well, the lunacy, the excess and how it all ended in 2001-2002. It ended in tears. My mind is drawn to this as I contemplate the New Media bubble of 2015 and signs that it too will end in tears. I refer to two excellent articles, one on Zero Hedge HERE and the other on this website by Matty Earl, the Dark Destroyer (HERE). Both offer real insight. And I then speculate on why New Media will blow up and on the wider ramifications.

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2732 days ago

Tom Winnifrith BearCast 12 June

A pot pouri of a podcast today starting with the pronounciation pedant, the great Paul Scott. Then onto a cracking Zero Hedge article on how we should have treated the banksters in 2008 - we should have followed Iceland. Then on to Greece, Octagonal, Trap Oil, Nyota, Sefton, Afren, Alba Minerals, Monitise, Power Capital Global and Windar Photonics.

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2744 days ago

First day of sabbatical - Zero Hedge flattery & asked to speak at top fraud conference

So how is the sabbatical going? Hmmmm. Not quite so restful. when at the Greek hovel I live on English time so I work late and get up not quite at the crack of dawn. Other than today when my nearest neighbour - he lives a mile and a half away - Charon knocked on my door at 6 am GMT. I answered in my underpants in a rather sleepy fashion but that did not phase him.

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2749 days ago

Tom Winnifrith Bearcast Special - Its China fraud day

Naibu, Jiasen and over in Germany Joyou, it is all happening on the China fraud front. The London Stock Exchange's attitude and inaction is a disgrace. If you still own shares in JQW, Camkids, Jiasen, Chaintek or Asian Citrus you are bonkers. A short bearcast covering the day's events and a meeting with a feral cat.

The link to Zero Hedge is HERE

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3534 days ago

The Daily Telegraph tries to charge me and loses (another) reader

If I wish to read more than 20 articles a month on the Telegraph website I now have to pay £1.99 a month. And so the Telegraph loses another reader and an active one. I am not sure how much it makes in online revenue but if we say that it is £4 per 1000 Page impressions I think that the paper is now about £1 a month worse off.

I read that paper out of habit not because it offers that much. My most visited page was the Premiership table which I seem to check far too often. But I can get that data elsewhere for free as I can also get for free West Ham team news and forthcoming fixtures. I read the odd news story but it is a commodity so I can get that elsewhere.

I do like reading Christopher Booker’s column but Richard North always reprints that on his blog. And so I am left with Jeremy Warner (who is occasionally good), Ambrose E-P and Tom Stevenson. And that probably comes to about 15 columns a month which I may bother to read. Because I was drawn in by the columnists and the league table I inevitably ended up reading a few more articles but I did not need to. They were junk food. So I was responsible for a good slug of Page Impressions.

This is the problem that newspapers have. They have high fixed costs (staff, printing presses, lavish offices) and 98% of their content is commodity content. Why should anyone pay a fee to cover all those fixed costs when all they want is the odd bit of unique content? Start charging me 2p a go to read a given column and I might well play ball and then read all that junk food material and give the paper advertising income as well. As things stand I, will like many others, just turn away.

I used to read the Times online. I thought I’d miss Matthew Parris

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3574 days ago

Is Spain about to go bust triggering a Lehman x 10 crisis?

In a sense this a daft question. Spain IS bust. We are just not admitting it yet. The Euro fanatics at the EU will not admit it until it has happened. But the day of truth is almost upon us. Spain will go bust and we will see a Sovereign default this year, taking the Euro down with it -or at least forcing a two speed Euro upon the Evil Empire.

Greece was small fry. Spain matters.

I suggest that you read this brief note from Phoenix Capital on the Zero Hedge website and think very carefully about what happens next. You can read that note HERE.

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