Subject: Halloween Markets: Putin terrifies Christine LeGarde

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Tavakoli Structured Finance LLC
Allow me to issue and control a nation’s money, and I care not who makes the laws.”
Mayer Amschel Rothschild
Halloween Markets: Putin Terrifies Christine LeGarde
Not a fan of facile body language explanations. But in this interview, President of the EU Central Bank Christine LaGarde hoists herself by her own petard with her own words.
 
This video of the interview is an example of what not to do whether 1) you ever have to push out a bunch of PR hokum, or since it’s you, 2) you have to communicate an honest message.
 
Now back to LaGarde’s shameless lies told to Ryan Tubridy on the Late Late Show:
 
“Inflation has come about pretty much from nowhere.”
 
Then she blames the energy crisis and tells an evil man story about Putin and his scary eyes: “flashing, freezing, eyes.”
 
Okay, Christine.
 
Christine is not a rookie. But she’s a bad liar.
 
Milton Friedman: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
Stephen Miller: Democrat or Republican?

“If you like crime, illegal immigration, inflation, gender indoctrination and child castration — vote Democrat.
 
If you are a normal, well-adjusted person who does not like any of these things — vote Republican.”
Conspiracies Are More Than Just Theories
Note the ages of Jay Gould and Henry Fisk, Jr. at the time and how easily they got away with it.
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"Tavakoli's research work has been endorsed by, for example, the late Nobel prize winner, Merton Miller, and the "Big Short" hedge fund manager, Michael Burry."

Intelligent Commodity Investing

Via Reddit: Reconstructing Burry's Research Process

Michael Burry, Interview by the Financial Crisis Inquiry Commission, May 18, 2010/

From FCIC staff audiotape of interview with Michael Burry, Cornwall Capital[between timestamps 1:36:20 and 1:38:40]:

" ... It was a dark market. I was onto WorldCom pretty early and they went from investment grade to bankrupt overnight ... I wondered why I didn't make more money on this ... it hit me that's the way to short companies ... and I noted there was a lot of these highly rated super leveraged companies where you could buy credit default swaps ... and so I bought books ... Janet Tavakoli's 1998 book, and that was the first book I read ... I didn't take all those equations and apply them ... but I got the basics of the market from that."
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