It was fun but we have morphed into another project of Hagan's:  Zermatt Data Corp. www.zermattresearch.com Until Then, Enjoy The La...

It was fun but we have morphed into another project of Hagan's:
 Zermatt Data Corp. www.zermattresearch.com

Until Then, Enjoy The Last...

Superfund Macro Report


Headlines
Restructuring Wall Street: The by-product of nearly 1200 mergers, JPMorgan Chase & Co. $JPM is in the business of expansion, while slashing jobs... -LINK

In Depth
IPO News: Spread your wings: Wingstop sets terms for $75 million IPO - LINK

Virtual Reality is coming to main street. Oddly enough, VR will first be used for taxes and other sensitive issues regarding personal information that often lead journalists and the masses to suspicion. Game on.

Why The TBAC Is Suddenly Very Worried About Market Liquidity - LINK

Onward Profits!

Chad


Chad Hagan
Founding Partner, Hagan Capital Group
Follow Chad on StockTwits
Trade Precious Metals at HC Precious Metals

For the sake of law- It has been 800 years since English barons negotiated a written peace agreement with King John. The original June 1215 ...

For the sake of law-

It has been 800 years since English barons negotiated a written peace agreement with King John. The original June 1215 agreement was revised and reissued numerous times, with the 1217 version gaining the title Magna Carta (“Great Charter”). Over the centuries, the document has had a powerful influence of the evolving British legal system and government.

The Great Charter will be explored at a Cato conference this week, and David Boaz recently blogged about the document’s importance to the American founding.

If you are interested in a very brief primer, I noticed this article (page 64) by British historian David Starkey in BBC History magazine. Starkey describes the 1215 charter as a radical break, and also the beginning of a long evolutionary process of building parliamentary government in Britain.

Brief Summary:

Magna Carta was initially drafted in 1215 in an attempt to broker peace between England’s barons and the unpopular King John. It failed, and the country was plunged into civil war. Following John’s death the charter then underwent a series of revisions over the next decade. An updated version was issued in 1216 by the government of his successor, the young Henry III, in an attempt to placate the rebels. Having won the war, the king issued a new edition in 1217 in order to cement peace. The final version was produced in 1225 in return for a grant of taxation.

And here are some of Starkey’s thoughts:

[Magna Carta] set out to do three things. Firstly, to bridle a king, John, who was dangerous and unpredictable  and made his whim the law, and secondly, to make it impossible for any other king to rule in the same way. It was successful in both of those things. The third thing was the great change, and something very different: it set out to create machinery that absolutely bound any king in iron to its measures.

… One of the things that we forget is that the Magna Carta of 1215 had 62 or 63 clauses, while the long-term one has in the region of 40. A third of it was struck out in 1216 …


… It had an immense and immediate impact on law and on the development of law. Individual clauses are very quickly pleaded. What’s striking is how many copies were circulated. It forced governments to behave differently, and set rules for good behaviour and, once the charter was reissued in 1225, it became impossible to impose general taxation without consent.


I think you are repeatedly struck by the ambition of 1215. Whatever you may think about the motives of the people like Robert Fitzwalter, clearly I rather respect ambition. I respect radicalism; I don’t necessarily like it, but I respect it. They are intellectually ambitious, which is impressive whatever one thinks. How do we go about setting an absolute monarch in chains?

http://www.cato.org/blog/magna-carta-800

There is an avalanche of high-level event risk due in the week ahead. Beware volatility and mark the key releases and trends for your trades...

There is an avalanche of high-level event risk due in the week ahead. Beware volatility and mark the key releases and trends for your trades.
  • US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs
  • EUR/USD Faces Week Flush with Event-Driven Volatility
  • GBP/USD Carves Bearish Pattern Ahead of BoE Interest Rate Decision
  • Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?
  • Australian Dollar Volatility Ahead on RBA, China PMI and US Jobs Data
  • Gold Range Carries Into June- Opening Range in Focus Ahead of NFP

Nobody Says No When was the last time someone gave you a clear and firm “no”? If you find yourself in fundraising mode (and the reality for ...

Nobody Says No

When was the last time someone gave you a clear and firm “no”? If you find yourself in fundraising mode (and the reality for most startups is that they are in perpetual fundraising mode) you will have experienced that very few people, if any, ever say no. They will say things like:

“It’s not the right stage for us but keep us in the loop”.
“We like what you’re doing but need to do a bit more due diligence.”
“We are currently not investing into your sector - but please keep us informed about your progress.”
The same is true for many other conversations such as business development, etc. Nobody likes to say no. And nobody wants to be that guy who said no to the next Steve Jobs, Mark Zuckerberg or Sophia Amoruso.

What this means for you is that you need to become very good at reading people and understanding their answers in the context of what they are doing. All too often I have seen entrepreneurs who are chasing dead opportunities as they believe that the lack of a clear no means yes.

Always Run. Never Walk.
Pascal Finette

Nobody Says No - http://theheretic.org/2015/05/23/nobody-says-no/ via @pfinette

Thx Pascal - Chad

The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges and clearing houses, today annou...

The New York Stock Exchange, part of the Intercontinental Exchange (NYSE: ICE) global network of exchanges and clearing houses, today announced the NYSE Bitcoin Index (NYXBT), the first exchange-calculated and disseminated bitcoin index. Launching today, the NYXBT Index will represent the U.S. dollar value of one bitcoin unit based upon actual transactions occurring on select bitcoin exchanges which have been evaluated and meet NYSE’s quality standards. “Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley. “As a global index leader and administrator of ICE LIBOR, ICE Futures U.S. Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market. By combining our technology infrastructure with our expertise in index calculation and data management, we will continue to launch complimentary products based on our rigorous standards and proprietary index methodology.”

- http://www.streetinsider.com/Corporate+News/NYSE+Announces+Bitcoin+Index/10576502.html?si_email_click=2015051908

No longer a safe haven for the average investor? Never really was. By all means common investors should stay clear of ETNs, and perhaps now ...

No longer a safe haven for the average investor? Never really was. By all means common investors should stay clear of ETNs, and perhaps now ETFs. 

'Since 2008, trading volumes of the five-largest credit ETFs have grown 75-fold, according to a Greenwich Associates study released Monday. About 12 percent of institutions surveyed by the Connecticut-based research firm reported having traded ETFs in increments of more than $100 million, according to the report' -  From Bloomberg -http://www.bloomberg.com/news/articles/2015-05-18/a-200-million-hedge-fund-trade-in-your-bond-etf-is-normal-now

From Platts: Shell plans to use the drillship M/V Noble Discover and the drilling unit Transocean Polar Pioneer for its planned Arctic dr...

From Platts:

Shell plans to use the drillship M/V Noble Discover and the drilling unit Transocean Polar Pioneer for its planned Arctic drilling this summer. The two vessels will provide relief-well capabilities for each other, BOEM said in a statement. The conditional approval was lambasted by environmentalists Monday, claiming the administration has unnecessarily exposed the Arctic to an oil spill. "Any major Arctic Ocean spill would be impossible to clean up," Franz Matzner, director of the Natural Resources Defense Council's Beyond Oil Initiative, said in a statement. Such a spill would be "catastrophic" since Shell's proposed drilling takes place more than 1,000 miles from a Coast Guard base and other cleanup infrastructure, Matzner said. "Accidents can and do happen; and there is no proven way to respond to an oil spill in icy Arctic waters," Susan Murray, a deputy vice president with Oceana, said in a statement. In March, Interior upheld its 2008 Arctic lease sale, which had been suspended by a federal court ruling. Under that ruling, BOEM updated an estimate of recoverable oil in the Arctic area it had leased the rights to, boosting the estimate from 1 billion barrels to 4.3 billion barrels. Shell has requested a five-year extension on its Arctic leases, which the company said it needs before it invests hundreds of millions of dollars more in the Arctic. Federal officials have not ruled on this request. Shell has already spent about $6 billion on its Arctic drilling efforts.

Savannah has an Aa2 rating - New York, April 28, 2015 --  Large shifts in cargo from the West Coast to the East Coast resulting from the com...

NYMEX-U.S. crude holds near 2015-high as stockpiles grow less than expected SEOUL, April 30 (Reuters) - U.S. crude futures held around $58...

NYMEX-U.S. crude holds near 2015-high as stockpiles grow less than expected

SEOUL, April 30 (Reuters) - U.S. crude futures held around $58.50 a barrel on Thursday, near their highest this year as U.S. crude stockpiles grew less than expected after the first decline since November in stocks at the main U.S. delivery hub. FUNDAMENTALS * U.S. crude futures CLc1 had edged down 15 cents to $58.43 a barrel by 0013 GMT. They closed up $1.52 at $58.58 a barrel on Wednesday, after hitting a 2015-high of $59.33.

From Forbes: The Treasury Inspector General for Tax Administration is an official Treasury Department watchdog that reports on the IRS. In...

From Forbes:

The Treasury Inspector General for Tax Administration is an official Treasury Department watchdog that reports on the IRS. In the last few years, that is a big job. There has been no shortage of scandals, from targeting to lavish spending, to bonuses, and more. This time, the Inspector General has issued a new report revealing some big errors involving tax credits. The report reveals that the IRS doled out $3 billion in erroneous business tax credits to corporations that did not qualify. The tax credits are for business taxpayers, and covered such varied activities as providing childcare for their employees’ children. In 2013, corporations claimed more than $93 billion worth of tax credits, the report reveals. But it turns out many of those credits were wrong. In over 3,000 electronically filed corporate tax returns, there were potentially erroneous credits.

(Reuters) - Oil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the cro...


(Reuters) - Oil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco. In a surprise move, Saudi King Salman bin Abdulaziz on Wednesday sacked his younger half brother as crown prince and appointed his nephew, Deputy Crown Prince Mohammed bin Nayef, as the new heir apparent, state television said.


Oil Markets Complete Article

NEW YORK/LONDON, April 28 (Reuters) - Gold rose 1 percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations ...


NEW YORK/LONDON, April 28 (Reuters) - Gold rose 1 percent on Tuesday after disappointing U.S. data hit the dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months. Spot gold climbed 1.1 percent to a three-week high of $1,215 after the data showed U.S. consumer confidence dropped in April to its lowest since December. It was up 0.9 percent at $1,212.13 an ounce at 2:42 p.m. EDT (1842 GMT) after a 2 percent rise on Monday, while U.S. gold futures for June delivery settled up $10.70 an ounce at $1,213.90.

Complete Article

Trade Precious Metals at HC Precious Metals www.hagan.trade


Total swivel folks, new products...Just read the press release. Regardless, it is worth the read - LightSquared said its emergence from b...

Total swivel folks, new products...Just read the press release.
Regardless, it is worth the read -

LightSquared said its emergence from bankruptcy will let it bring the company's "valuable spectrum resources and existing satellite and terrestrial networks to the marketplace. Post-consummation, LightSquared will be better equipped to continue to provide services to a wide range of private and public users--including the transport and energy industries, as well as first responders and federal government agencies--who depend on those services every day for safe, secure communication."

Complete Article

Japan Times: Oil traded near the highest price since December on concern that Middle East supplies may be disrupted as Saudi Arabia expanded...

Japan Times:

Oil traded near the highest price since December on concern that Middle East supplies may be disrupted as Saudi Arabia expanded its military campaign against Yemen. Futures were little changed in London after capping a third weekly gain. Saudi Arabia deployed National Guard troops to its southern borders, state-run Saudi Press Agency reported, a month after launching airstrikes against Houthi rebels in Yemen. In Libya, members of the Petroleum Facilities Guard shut the Elephant oil field Saturday over unpaid salaries, said Mohamed Elharari, a spokesman at National Oil Corp.

Complete Article

Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, Goldman Sachs chairperson and CEO Lloyd Blankfein said in respo...

Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, Goldman Sachs chairperson and CEO Lloyd Blankfein said in response to Creamer Media’s Mining Weekly Online that he would give the exact same answer if asked about investment in China. He said he was generally bullish about South Africa as a favourable investment destination, but that it would be appropriate to scale the investment to this country’s risky.

Complete Article 

THAT America’s stockmarkets dropped by 10% in a few minutes on May 6th 2010 was worrying enough, even if they did bounce back quickly. Worse...


THAT America’s stockmarkets dropped by 10% in a few minutes on May 6th 2010 was worrying enough, even if they did bounce back quickly. Worse still was the realisation that nobody understood why or how it had happened. After pointing the finger in various directions, American authorities have settled on an unlikely culprit: Navinder Singh Sarao, a 36-year-old British day-trader they now want to extradite to face an assortment of criminal and civil charges.

Market watchdogs would not have expected the source of the "flash crash", as it came to be known, to be a lone trader based in a nondescript semi-detached house in Hounslow, an unfashionable suburb nestled between central London and Heathrow airport. But they would be less surprised by the methods he is accused of using, most notably "spoofing", a common form of market manipulation.

BUENOS AIRES, April 20 (Reuters) - Argentina will reopen the  sale of local law Bonar24 bonds on Tuesday in order to fund  infrastructure pr...

BUENOS AIRES, April 20 (Reuters) - Argentina will reopen the 
sale of local law Bonar24 bonds on Tuesday in order to fund 
infrastructure projects, Argentine Economy Minister Axel 
Kicillof told a state broadcaster on Monday. 

Lawyers representing Dish Network Corp. Chairman Charlie Ergen reached an agreement with LightSquared Inc. on Tuesday to postpone his demand...

Lawyers representing Dish Network Corp. Chairman Charlie Ergen reached an agreement with LightSquared Inc. on Tuesday to postpone his demand for $6.3 million in monthly payments as protection against a downturn in the wireless venture’s prospects.

http://www.law360.com/bankruptcy/articles/640142?nl_pk=a66b0360-bcac-491a-8f9f-2949cd74c2c1&utm_source=newsletter&utm_medium=email&utm_campaign=bankruptcy

More LightSquared News With $1.25 Billion LightSquared Asks U.S. for Mobile Licenses - BLOOMBERG- Wireless venture LightSquared Inc., emergi...

More LightSquared News
With $1.25 Billion LightSquared Asks U.S. for Mobile Licenses
- BLOOMBERG-
Wireless venture LightSquared Inc., emerging from bankruptcy, asked U.S. regulators to clear the way for its renewed quest to set up a mobile broadband service covering the U.S.

Regulators should transfer airwaves licenses to the entity to be known as New LightSquared, a company subsidiary said in an April 6 filing posted Tuesday on the website of the Federal Communications Commission.

http://www.bloomberg.com/news/articles/2015-04-07/lightsquared-with-1-25-billion-asks-u-s-for-mobile-licenses

Single Family Securitization (Groundbreaking) Blackstone Unit Strikes Landmark $230M Loan Securitization:  Law360, New York (March 27...

Single Family Securitization (Groundbreaking)

Blackstone Unit Strikes Landmark $230M Loan Securitization: 
Law360, New York (March 27, 2015, 3:05 PM ET) --
A Blackstone Group LP fund affiliate announced Friday that it will soon break new ground with the first multi-borrower loan securitization deal for the emerging single-family rental sector, as it is the final leg of crafting a $230 million transaction. In the deal, which is expected to close in April, B2R Finance is putting together pass-through certificates backed by 144 mortgage loans tied to single-family rental properties, including condominiums, townhomes and more. The certificates will be rated by at least two rating agencies, the company said. “B2R is pioneering the first securitization of residential investor mortgages in the U.S. to grow its platform, increase the amount of capital available to our clients, and enable us to continue our leadership position in growing the asset class,” Jason Hogg, CEO of B2R Finance, said in a statement. A representative for B2R declined to comment further on the deal. The company, which was launched in late 2013 by funds managed by Blackstone Tactical Opportunities, provides residential buy-to-rent mortgages for single-family rental investors. The growing SFR market has been buzzing about this coming deal for months. Single-borrower SFR securitizations are relatively new themselves, with only a handful having hit the market so far, according to ratings agencies. Blackstone portfolio company Invitation Homes launched the first single-borrower SFR securitization in 2013 with a $480 million deal, where it pooled 3,200 homes and used them to secure a single loan that it then securitized. Several other opportunistic real estate investment companies, including American Homes 4 Rent and Colony Capital LLC, soon followed suit with their own deals. It was less than three months ago in January that Moody’s Investors Service finalized its methodology for rating single-family rental securitization. While it noted multi-borrower SFR securitizations had yet to be marketed, it noted what factors it would look to address in rating such deals. These included, for example, more extensive representations and warranties, similar to those in commercial mortgage-backed securities conduit or large loan deals. And “for multi-borrower SFR transactions, we will analyze performance information in a similar manner to single-borrower SFR transactions. However, in multi-borrower SFR transactions, credit quality will depend heavily on the quality and consistency of the transaction sponsor’s operations and flow of performance information,” Moody’s said. "A sponsor, working with other parties, can help ensure that the performance information the borrowers supply is timely and consistent in content and format," the ratings agency added. "We would expect to see such information both at closing and throughout the term of the transaction to monitor such transactions."

http://www.law360.com/articles/636525/blackstone-unit-strikes-landmark-230m-loan-securitization

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