Sunday, April 19, 2015

2 Modern-Day Goons Nudge Greece towards Collectivism and Collapse~

 
Luis de Guindos, Advisor for Lehman Brothers Europe and Director of the their banks in Spain and Portugal in 2006 -where he remained until the collapse and bankruptcy in 2008- is now pressuring the Greeks to go down Bailout Road with his Collectivist crony U.S. Treasury Secretary Jack Lew. Both are urging Greece to strike a deal with creditors ASAP warning that a default will 'create immediate hardship' and damage the world economy.
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Capitalist Pig Bob argues that this bailout circus of keeping Greece stuck in the failed European Union will merely be a short-term fix with long-term consequences that will cause the world's 1st Democracy to eternally lose its Sovereignty. Sad. 
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What do these modern-day Collectivists not understand, or perhaps they do understand and their Endgame is to eventually strip Greeks of their Flag and Country. Do you agree?
 
Spain's Economic Minister Luis de Guindos
 
 
 U.S. Treasury Secretary Jack Lew

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Capitalist Pig Bob adamantly disagrees with both of the above anti free-market Pushers and asks every person reading this to share it with as many friends and relatives as humanly possible. 
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Perhaps we only need former U.S. Treasury Secretary Paulson to join this twisted global propulsion in favor of Big Govt to forge a fast lane to extinct Darwinian Capitalism.
 

Sad days indeed as the most astute Risk-Taker/businessman has never been so frustrated, confused, and concerned about the current Monetary headlock Central Planners have placed us in.
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Pig Bob thinks the regimes today have strayed off-course and are too extreme. There stand to be far worse fallouts post-bailouts than if we allowed organic Economic forces to right themselves.

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Long live Wall Street, long live Winners and Losers, Economic  Peaks and Troughs, Booms and Busts, Fear and Greed, Capitalists over Collectivists, all necessary elements for a more organic free-market system to flourish.
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What caused the U.S. to become the envy of every country over the last 100-years and what enables healthy market-cycles are less government intrusion, not more.
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Though the 2008 Financial Crisis was more psychologically painful than any in the past, we realize that nearly every generation endures some Economic crisis that causes them to feel that things will never be as good as they were in the past.

Yet history has proven that thinking is wrong since today's average person has never been so productive or witnessed so many technological advancements, but especially in Biotech
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The horsepower of Darwinian Capitalism must be rooted in the ability of Individuals Pursuing their Self-Interests. No government should allow its citizenry to be gypped by burdensome Agencies and Central Planners who believe Political Self-Interest is somehow more Noble than Economic Self-Interest like Guindos and Lew.

https://www.youtube.com/watch?v=MQ0-cDKMS5M
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Strip the Risk-Taker's Trust of an Economic system -butt especially due to global Monetary manipulation we have today- and the chances of organic business cycles making a comeback are many times more difficult to envision.





 
 



=============================================================
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April, 19, 2015:
Greece is in negotiations with the International Monetary Fund and European authorities to receive the final 7.2 billion euro ($7.8 billion) installment of its financial bailout. Creditors are demanding that Greece produce credible reforms before releasing the money.
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The country has relied on loans from the international community since 2010. Without more bailout money, Greece could miss two debt payments due to the IMF in May and run out of cash to pay government salaries and pensions.
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“It’s something that the European and global economies don’t need — to have another crisis,” Lew told reporters Friday.
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Fears that Greece could default and abandon the euro currency group sent shockwaves through global markets Friday. After being down nearly 360 points, the Dow Jones industrial average recovered a bit to finish down 279.47, a drop of 1.5 per cent.
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Lew said he stressed in a series of one-on-one meetings, including discussions with Greek Finance Minister Yanis Varoufakis, that it was urgent that the debt negotiations be resolved quickly.

Greek Finance Minister Yanis Varoufakis

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The status of the Greek debt talks was a prime topic on the sidelines at the spring meetings of the 188-nation International Monetary Fund and its sister lending organisation, the World Bank. Those meetings were scheduled to conclude Saturday with financial officials addressing a variety of issues — from the weak global economy to a stalled effort to overhaul IMF voting procedures.
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The negotiations over Greece’s debt have proved contentious. Greek officials said they planned to meet with creditors Saturday in a search for “common ground.”
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Some finance officials expressed their frustration with Greece’s new left-wing government, elected in January. Luis de Guindos, Spain’s economy minister, said the Greek government had sent “contradictory” signals regarding the negotiations.
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“We have wasted very precious time over the last three or four weeks,” de Guindos said in an interview with The Associated Press. “The communication of the Greek government has not been great. They have not made a lot of friends,” he said, while adding, “I expect and I hope that the communication will improve.”


http://psychologyofthecall.blogspot.com

 

Thursday, April 2, 2015

May We Continue to Recognize and Support Good Technologies...

CHICAGO, April 2, 2015 PRNewswire -- One night, several months after a motorcycle crash paralyzed him from the chest down in 2012 and ended his U.S. Army special-ops career, Roosevelt "R.J." Anderson Jr. had a dream: he could walk again.
 
 
The very next day, he saw a paralyzed friend using an exoskeleton device to walk at the Rehabilitation Institute of Chicago (RIC), where Anderson also was receiving treatment. He decided then and there that he would one day walk again, too.
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Today, Anderson is the first person in Chicago to receive a ReWalk Robotics Personal exoskeleton device, which he can use at home and throughout the community.
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An anonymous benefactor donated the ReWalk Personal system to Anderson through RIC, citing the hospital's reputation as the national leader in physical medicine and rehabilitation. RIC operates the largest rehabilitation enterprise in the world; it receives the most National Institutes of Health award grants; and, it has been ranked as number one in rehabilitation by U.S. News & World Report for 24 straight years.
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Arun Jayaraman, research scientist at RIC, said that Anderson, from the beginning of his rehabilitation at RIC, has worked with therapists and doctors to push himself to reach his goals, including participating in the national Wounded Warrior Games and earning a medal at the international Invictus Games. Boosted by his participation in RIC's innovative physical medicine and rehabilitation research, Anderson now is eyeing a spot on the United States Paralympic team for 2016.
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"RIC worked with the benefactor to select R.J., a veteran patient who demonstrates the spirit and determination needed to successfully regain ability," said Jayaraman. "When R.J. sets his mind to something, he can't be stopped. It's our job to help him achieve his dreams, employing RIC's integrated approach to patient care along with cutting-edge research and technologies, including ReWalk."
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Taking the Next Step
ReWalk is a wearable robotic exoskeleton that provides powered hip and knee motion to enable individuals with Spinal Cord Injury (SCI) to stand upright and walk. The system provides user-initiated mobility through the integration of a wearable brace support, a computer-based control system and motion sensors. The system allows independent, controlled walking while mimicking the natural gait patterns of the legs. ReWalk is the only exoskeleton system cleared by the FDA for both personal use and use in a rehabilitation setting in the United States.  
"ReWalk is thrilled to be able to facilitate this donation for R.J. and to work with RIC in expanding data about everyday life using the ReWalk," said ReWalk Robotics CEO Larry Jasinski. "The grit and determination R.J. has demonstrated is inspiring, and we are proud to have him as our first ReWalker with a Personal system in Chicago."
RIC will study Anderson's ReWalk use for one year – with quarterly check-ins – to determine the long-term clinical health benefits of regularly using an exoskeleton at home. This device gives Anderson, and other patients with SCI, the ability to stand upright and walk, engage in eye-level conversations and gain increased independence and social connection.
"I've trained at RIC for nearly three years, using exoskeleton devices for a year and a half and this ReWalk device for several months," said Anderson. "Thanks to RIC and ReWalk, I'm ready to take the next step toward independence."
Additional findings from the new research could become the foundation for future, larger studies and may impact insurance reimbursement for exoskeleton devices.
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About The Rehabilitation Institute of Chicago
The Rehabilitation Institute of Chicago (RIC) is the nation's leading provider of comprehensive physical medicine and rehabilitation care to patients from around the world. Founded in 1954, RIC has been designated the "No. 1 Rehabilitation Hospital in America" by U.S. News & World Report every year since 1991. RIC sets the standard of care in the post-acute market through its innovative applied research and discovery programs, particularly in the areas of neuroscience, bionic medicine, musculoskeletal medicine and technology transfer. For more information, go to www.ric.org.
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About ReWalk
ReWalk Robotics (formerly Argo Medical Technologies) develops, manufactures and markets wearable robotic exoskeletons for people with lower limb disabilities, such as paraplegia. ReWalk's mission is to fundamentally change the health and life experiences of individuals with spinal cord injury.  ReWalk is proud to offer the only FDA cleared exoskeleton systems in the United States, for rehab and personal use respectively. Founded in 2001, ReWalk Robotics is a global company with headquarters in the US, Germany, and Israel. For more information on ReWalk Robotics and the ReWalk Systems, please visit http://www.rewalk.com.
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SOURCE Rehabilitation Institute of Chicago

Sunday, March 22, 2015

U.S. FDA's Drug Approval Process is Long, Expensive, and often Political

  • Phase I
Patients: 20 - 100 healthy volunteers
Length of Study: On average 1 year.
Purpose: Safety and Dosage.
Percentage of Drugs that make it to Phase II: 70%

  • Phase II
Patients: Up to several hundred with the disease.
Length of Study: 1 - 2 years.
Purpose: Efficacy and Safety (monitoring side-effects).
Percentage of Drugs allowed to proceed to Phase III: 33%

  • Phase III
Patients: 300 - 3,000 volunteers with the disease.
Length of Study: 1 - 4 years.
Purpose: Efficacy and verifying any adverse reactions.
Percentage of Drugs that win FDA approval: 25% - 30%

The above 3 Phases do not include the Discovery and Pre-Clinical processes every co must complete before meeting with the FDA for a Phase I trial.

It requires a very long length of time to get 1 drug approved and the average cost from beginning to end is between $1.5B - $2.5B.



And then unethical examples of mega-cap Pharmaceutical cos stymieing more effective drugs to treat and even cure specific diseases by buying out a company and simply halting the trials or designing the studies to fail the FDA's approval vote.

 

Saturday, September 20, 2014

Did You Sell Research in Motion (RIMM) Short in 2010?

Selling a stock you do not own creates a 'short' position, allowing you to profit if the Price falls. Since stocks sway Up and Down, some more than others, shorting can result in some handsome gains if your Timing (Entry & Exit) are managed correctly. Yet attempting to short any stock is a Dangerous proposition as it exposes our portfolio to Unlimited Losses

POTC identified a very high-profile tech stock was in trouble back in 2010 before its fall began, it was Research in Motion (RIMM) known as BlackBerry (BBRY) today.

BBRY is trading at $10.89 and appears to have reached some point of stability. We have No Opinions on individual stocks for readers of the blog anymore, we are strictly an educational spot for interested minds to visit. 




RIMM was a perfect example of analysts "falling in love" with a heavyweight type of stock, the 5th Commandment teaches us to never behave that way. Then we witnessed their frustrations as they raised price targets after RIMM missed the quarter. The 6th Commandment states, "never accept excuses from management", except for Goldman's Ms. Simona Jankowski, most of the analysts stayed bullish on RIMM.

POTC predicts the stock begins closing below $70 shortly, and June expiration is many weeks away; hold the RIMM Puts and enjoy the technical control as share price erodes under the all important 200 day line. We are very satisfied shares broke our way, realizing the last 8 Wall Street firms either Upgraded or Initiated coverage with Buy ratings in the past several weeks:
Mar 26, '10 JP Morgan Upgraded to Overweight
Mar 25, '10 Rodman & Renshaw Initiated Mkt Perform
Mar 19, '10 Wunderlich Initiated Buy
Mar 8, '10 BMO Capital Markets Upgraded to Outperform
Feb 23, '10 Stifel Nicolaus Initiated Buy
Feb 12, '10, RBC Capital Mkts Upgraded to Outperform Top Pick
Feb 12, '10 Wedbush Morgan Initiated Outperform
Feb 1, '10 Standpoint Research Upgraded to Buy


*DJ (Dow Jones) Research In Motion Cut To Sell From Neutral By Goldman Sachs (GS)

Research In Motion Ltd. (RIMM, RIM.T) was cut to sell from neutral by Goldman's Ms. Jankowski cut her price target from $73 to $65:
"its products will increasingly lose differentiation as the focus shifts from email, where RIM leads all competitors, to applications, where RIM lags both the iPhone from Apple Inc. (AAPL) and Android, an operating system of Google Inc. (GOOG). With its North American business already in decline, the broker doesn't expect international strength to be enough of an offset."
-By Steve Goldstein, 415-439-6400;
AskNewswires@dowjones.com

In closing, a high short-interest in any stock must be treated with caution as our 1st paragraph explained. 

Short sellers are never perfect and have been proven wrong from time to time. Whitney Tilson's Netflix (NFLX) short and Bill Ackman's Herbalife (HLF) are 2 high-profile examples of how individual investors with limited capital could destroy their aggressive portfolios by attempting to sell short.

Thank You,
POTC~



 

Wednesday, September 10, 2014

Carson Block should be Investigated by the SEC for Criminal Behavior..

Carson Block of Muddy Waters on 500.com (WBAI): 
  • The company has a complex tax system, apparently 70% of last year’s income was attributable to a tax benefit.
 
Carson's wording is misleading and designed to excite bears and scare bulls. Why doesn't he explain why he believes 500.com's 2013 and 2014 *10% tax rate is a 'complex' tax 'system'

If you ran a completely Transparent firm you would have mentioned the reason why WBAI was awarded a favorable tax rate status by certain Chinese Ministries, you'd even address the Time element. 

It's possible that Carson did enough digging and chose his words carefully enough not to be caught in a blatant lie. We're fairly certain that Carson lined his pockets with easy loot on Tuesday, we'll explain below.  

The whole truth regarding the 'complex tax system' and why 70% of last year's income was attributable to a tax benefit awarded with the designation of 'Nation Key Software Enterprise', so the co received a preferential tax rate of 10% in 2014 and retroactive to 2013. So what could be so complex about the co's tax system now?

Carson hand gesturing half-truths to the masses that continue to get juked by his manipulative and sometimes self-serving strategies. 
 
 

 
Net income was RMB75.4 million (US$12.2 million), compared with a net income of RMB11.7 million during the second quarter of 2013 and RMB27.5 million during the first quarter of 2014. The increase in net income was in-line with the increase in total purchase amount and was also attributable to the Company's designation as a  *'Nation Key Software Enterprise' by several government ministries which reduces the Company's applicable tax rate to 10%.

Non-GAAP net income attributable to ordinary shareholders excluding share-based compensation expenses was RMB83.2 million or U.S. $13.4 million, an increase of 156.8% sequentially.

But Carson Muddied the Waters and presented half-truths about WBAI in a closed door private investor meeting last Monday in New York. He said WBAI is a candidate to sell short. 

The issue we have is that Carson made these bearish comments very late in the day on a September Monday as organic volume at that point was nonexistent. His masses reacted instantly by taking to their dumbphones, shorting WBAI, and Tweeting their friends caused shares to collapse, suspicious?


 




An underhanded short-seller can do it behind closed doors and simply has to hoodwink a wealthy group of Traders to rake in a lot of cash overnight:

  • he establishes a position ahead of a wealthy investor meeting,
  • schedules the meeting 30-minutes or less before Market Close and or during a low volume summer day,  
  • throws the word fraud around often with no proof, then he reveals his new short candidate,
  • tells half-truths and uses code words to instill fear and phrases that hint at trouble, like 'complex tax system'.
  • mainly targets Chinese cos where the time difference is 12-hours and Executives are asleep,
  • schedules an investor meeting during a Chinese holiday when no Executives are around to defend their co 
 
On a very bearish Tuesday for stocks, September 9, 2014, and 1-day after his New York meeting where he bashed WBAI, shares actually closed up $1.00.  
 
We're confident that at least a single 4%+ late-day stock drop on very high volume and then next day rally of 2%+ has left enough rat droppings to vindicate our feelings about highly suspicious actions taken by Carson Block on Monday, September 8, and if correct then the following day would be that much easier to verify.
 
It's obviously possible for short-sellers to Game the system but it requires a multi-pronged approach and a heartless individual to carry it out. 
 
When we called Carson at 'Muddy Waters' it was exactly what we expected, his name wasn't even on the phone list. Carson works so hard that he needs a PR firm to answer his calls. As soon as we asked a question about Carson's accusations against WBAI some 20-something hung up the phone on us twice, pathetic that you can't even ask questions and challenge Carson's bogus research regarding 500.com.  
 
500.com trades under the NASDAQ ticker symbol WBAI, it is an online and mobile Internet Sportsbook and Lottery business that's never been found guilty of wrongdoing. But since it operates in China we believe it is misunderstood and it's future Sales and Earnings growth is being underestimated.
 
What Carson Block did on Monday, September 8, just minutes before close cannot go unnoticed and undocumented by the Securities and Exchange Commission (SEC).

We think Carson Block is an Underhanded short-seller flying under the SEC's radar. Hopefully more wise people will take note of his dirty actions on September 8, 2014, as well as his bad track record over the last several months. 

Thanks for Reading, Communicating, and Educating,
POTC~
 

Saturday, August 30, 2014

'I knew it all along ... didn't I ?' -- Understanding Hindsight Bias

Psychology of the CallThe situation may be different each time, but we hear ourselves say it over and over again: "I knew it all along." The problem is that too often we actually didn't know it all along, we only feel as though we did. In a new article, psychological scientists explore existing research on "hindsight bias," identifying the factors that make us susceptible to the phenomenon and identifying some ways we might be able to combat it.
Source: Association for Psychological Science
The fourth-quarter comeback to win the game. The tumor that appeared on a second scan. The guy in accounting who was secretly embezzling company funds. The situation may be different each time, but we hear ourselves say it over and over again: "I knew it all along."

The problem is that too often we actually didn't know it all along, we only feel as though we did. The phenomenon, which researchers refer to as "hindsight bias," is one of the most widely studied decision traps and has been documented in various domains, including medical diagnoses, accounting and auditing decisions, athletic competition, and political strategy.

In a new article in the September 2012 issue of Perspectives on Psychological Science, a journal of the Association for Psychological Science, psychological scientists Neal Roese of the Kellogg School of Management at Northwestern University and Kathleen Vohs of the Carlson School of Management at the University of Minnesota review the existing research on hindsight bias, exploring the various factors that make us so susceptible to the phenomenon and identifying a few ways we might be able to combat it. This article is the first overview to draw insights together from across different disciplines.

Roese and Vohs propose that there are three levels of hindsight bias that stack on top of each other, from basic memory processes up to higher-level inference and belief.
  1. The first level of hindsight bias, memory distortion, involves misremembering an earlier opinion or judgment ("I said it would happen").
  2. The second level, inevitability, centers on our belief that the event was inevitable ("It had to happen").
  3. And the third level, foreseeability, involves the belief that we personally could have foreseen the event ("I knew it would happen").

The researchers argue that certain factors fuel our tendency toward hindsight bias. Research shows that we selectively recall information that confirms what we know to be true and we try to create a narrative that makes sense out of the information we have. When this narrative is easy to generate, we interpret that to mean that the outcome must have been foreseeable. Furthermore, research suggests that we have a need for closure that motivates us to see the world as orderly and predictable and to do whatever we can to promote a positive view of ourselves.

Ultimately, hindsight bias matters because it gets in the way of learning from our experiences.

"If you feel like you knew it all along, it means you won't stop to examine why something really happened," observes Roese. "It's often hard to convince seasoned decision makers that they might fall prey to hindsight bias."

Hindsight bias can also make us overconfident in how certain we are about our own judgments. Research has shown, for example, that overconfident entrepreneurs are more likely to take on risky, ill-informed ventures that fail to produce a significant return on investment.

While our inclination to believe that we "knew it all along" is often harmless, it can have important consequences for the legal system, especially in cases of negligence, product liability, and medical malpractice. Studies have shown, for example, that hindsight bias routinely afflicts judgments about a defendant's past conduct.
And technology may make matters worse.

"Paradoxically, the technology that provides us with simplified ways of understanding complex patterns -- from financial modeling of mortgage foreclosures to tracking the flow of communications among terrorist networks -- may actually increase hindsight bias," says Roese.

So what, if anything, can we do about it?

Roese and Vohs suggest that considering the opposite may be an effective way to get around our cognitive fault, at least in some cases. When we are encouraged to consider and explain how outcomes that didn't happen could have happened, we counteract our usual inclination to throw out information that doesn't fit with our narrative. As a result, we may be able to reach a more nuanced perspective of the causal chain of events.

The above story is based on materials provided by Association for Psychological Science.
Note: Materials may be edited for content and length.

Thursday, July 17, 2014

Paradox of Bullet-Proof Banks in the Eurozone is Anti Free-Market since many Individual Risk-Takers will be Denied Credit while Large Cos will be Favored and continue to get Larger

Capitalist Pig Bob: When will the Germans say 'enough is enough' and rebel against the ECB? 

================================================================
FRANKFURT—Banks in the euro zone will have little advance notice concerning the results of the European Central Bank's review of their balance sheets before the results are publicly communicated in late October, the ECB said on Thursday.

"Banks will be informed of the full and final results only shortly before they are communicated to the markets," the ECB said, although the ECB and national regulators will discuss partial findings with banks ahead of time.
The asset review, and separate stress test on how balance sheets of 128 banks in the euro zone respond to different economic scenarios, are central planks of the ECB's preparations to become the single supervisor of the region's banks in November.
ECB officials hope the reviews will provide more clarity on the state of European banks and address shortfalls where they occur. If the results are deemed credible by financial markets, then banks may be more willing to extend new credit to households and businesses.
"As we finalize this tough and rigorous exercise, we are doing our utmost to prepare for a smooth disclosure process," said Daniele Nouy, chair of the supervisory board, said in a statement.
Previous stress tests by European regulators failed to restore confidence in the banking sector. The ECB has added a new wrinkle to beef up its review: the results of the balance sheet review will be incorporated into stress tests.
"When assessing banks' own data and the outcomes of their internal models, the ECB-led teams will challenge them with calculations of their own," the ECB said.
"This is to ensure the credibility of the comprehensive assessment and will apply to both the (asset quality review) and the stress test," it said.
Once results of the tests are known, banks must submit their capital plans to the ECB bank supervisory body in November.
Write to Brian Blackstone at brian.blackstone@wsj.com and Todd Buell at todd.buell@wsj.com

Tuesday, July 15, 2014

Chipotle Mexican Grill (CMG) Q2, 2014, Earnings Coming..

Monday, July 21, After Market Close.

CMG has 31M shares outstanding and a market capitalization of $18.8B at its current price of $605.00/share





Chart forChipotle Mexican Grill, Inc. (CMG)


Two of us tried Chipotle once and we both dumped our plates in the garbage, we thought the food was horrible. Maybe since we were raised on high-end European cooking we are spoiled. 

CMG is proof that there are plenty of Americans who'll continue to spend money on fast food that's marketed to be organic. 


CMG has created some fat Capitalist Pigs as stock price has not disappointed. Congratulations must go out to Steve Ells as his Mexican themed organic concept has worked. 

SalaryOptions
M. Steven Ells , 49
Founder, Chairman and Co-Chief Exec. Officer
$4.85M$41.72M
Montgomery F. Moran , 47
Co-Chief Exec. Officer, Pres, Sec. and Director
$4.13M$1.70M
John R. Hartung , 57
Chief Fin. Officer and Principal Accounting Officer
$1.80M$9.42M
Mark Crumpacker , 51
Chief Marketing & Devel. Officer
$1.02M$5.82M


We're studying all potential trading angles ahead of CMG's report.

POTC-

IT'S TIME for Q3's Post Earnings Educational Alerts (PEETA)


Wednesday, June 11, 2014

POTC's Pork Reveals its World Cup Final: Brazil vs Portugal

Capitalist Pig Bob sees the political winds blowing favorably at this FIFA event for Brazil butt against Argentina. Though I agree with the brass at GS that Brazil will make it to the Final I smell Argentina being booted-out within the 1st 2-rounds, then
great debate over the 'bad' calls on the field by the referees.


As the main Political and now World Cup Correspondent for POTC here's my Final:
Brazil vs Portugal. Game could end in a tie and then exhaust OT play and go into penalty kicks.
  • If game ends in normal or OT play the winner will be Portugal 3 - 2.
  • If game goes to penalty kicks the winner will be Brazil.
This is different than GS's Final of Brazil 3 - 1 over Argentina, as I see Argentina being sent to an early political exit.


Here's some quick thoughts from Capitalist Piglet Alice (CPA), rooted more in piglet vanity yet potentially more powerful than GS's Final call nonetheless:


"I was a Commercial Art major before switching to Business, so I will defer to Capitalist Pig Bob's sports expertise in predicting the Winner, and instead will pick the Best Use of Color & Style in the kits (uniforms).  My choice is Spain ~ muy sexy!"





Spain

Tradition be damned. The defending champions celebrate that distinction by using gold stripes and a golden crest on their head-to-toe red home look. But the away has none of that. Spain will feature an all-black kit with neon green—known as “electricity”—accents throughout. There’s no tradition there.
(Description courtesy Sports Illustrated)

Kit trivia:  Out of the 32 teams, Nike sponsors 10, Adidas 9, Puma 8, and 5 lesser known companies sponsor the remaining 5.

Best of luck to all nations and let's see whether the pork at POTC or brass at GS is better at picking World Cup winners, Bring It On !




Friday, June 6, 2014

Goldman Sachs (GS) vs Psychology of the Call's (POTC) Pigs; Which Team will Prevail?

"Goldman rates host nation Brazil as the heavy favorite with a 48.5 percent chance. It says it will beat Argentina 3 to 1 in the final on July 13".

http://www.businessweek.com/articles/2014-06-05/goldman-sachs-economists-predict-the-world-cup?campaign_id=yhoo  
(see GS's entire piece below).

POTC's Capitalist Piglet Alice (CPA) and Capitalist Pig Bob (CPB) will offer a direct response to the brass as GS regarding their World Cup winner before the June 11th. games begin.

Thanks for your greedy  and Capitalistic Attention!
CPA and CPB



​As chief global equity strategist at Goldman Sachs (GS), Peter Oppenheimer typically meets with central bankers, government officials, and other financial luminaries. A May 8 sitdown was considerably more enjoyable: Oppenheimer interviewed four Brazilian soccer stars for a special Goldman report on the World Cup, a quadrennial publication eagerly anticipated by clients and bank employees alike as a break from the usual econometric fare.

“I explained to them that I wasn’t from a normal press outlet. I work for a bank, doing research, looking at the connectivity between markets and football,” Oppenheimer says of his chat with the athletes known as Ramires, Oscar, Willian, and David Luiz. A snapshot in the report shows David Luiz, the Brazilian vice captain, with his arm around the suited, beaming banker.

The 2014 report, the fifth Goldman has released, weighs in at a substantial 67 pages. Published on May 27, The World Cup and Economics 2014 is partly tongue-in-cheek, partly rigorous, and entirely entertaining to Goldman’s international clientele. There’s a “stochastic model” that predicts the final score of all 64 World Cup matches, based on a data set of all international play since 1960, as well as analyses of the athletic and economic strength of each country—mixing observations about Croatia’s hard currency debt liabilities and superstar Italian goalkeeper Gianluigi Buffon. 

Goldman rates host nation Brazil as the heavy favorite with a 48.5 percent chance. It says it will beat Argentina 3 to 1 in the final on July 13.
.
“It’s a lighthearted way to use some of our tools on something that’s quite different from predicting nonfarm payroll numbers and interpreting central bank moves,” says Jan Hatzius, Goldman’s chief economist, who organized the report with chief markets economist Dominic Wilson and others. “People take it very seriously,” Hatzius says. “We basically ask for volunteers, and the sign-ups are very rapid.” More than three dozen Goldman employees contributed. “Clients love it,” says Oppenheimer. “Also, it’s been a difficult year for lots of people in the financial markets. Industry performance has been tough, and it’s a nice sort of diversion, really.”
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Most Goldman research publications are available only to paying clients. The World Cup report is posted as a free download online. “I can tell you that nothing, absolutely nothing that we write over four years gets as much attention and exposure as this publication,” says Alberto Ramos, the bank’s head of Latin American economic research, who wrote profiles of Mexico and Brazil.

“I started receiving e-mails from clients about three months ago—‘When are you guys doing this? I want to receive a copy,’ ” Ramos says. The first report came out in 1998 under the direction of Jim O’Neill, famous for being a soccer obsessive and for coining the acronym BRIC, for the emerging-market economies of Brazil, Russia, India, and China. He retired as chairman of Goldman Sachs Asset Management in 2013.
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The treatise is especially popular abroad, Hatzius says. “In Latin America, of course, it’s huge,” he says. “The main Brazilian evening news had a two-minute segment, which is a little scary, frankly, because now we feel like we’re on the hook if Brazil ends up not winning this thing. I worry about my next trip down there.” Some concern is warranted—Goldman has so far gone 0 for 4 predicting the champion.

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CPA and CPB to the GS brass: Cheers, and bring on the matches!