It’s always darkest before dawn. We can’t really see what we’re in until we’ve moved past it and that’s when all of the so-called experts suddenly show up everywhere. Today, we have watched the economic destruction that has taken place and the markets which have intentionally ignored it all. The head of the Fed, Jerome Powell has encouraged massive risk taking by the public and assured everyone that the Fed will always step in if markets start functioning correctly… As in going down when the economy is collapsing. It’s 1999 all over again, but way worse.
If the market’s ‘free pass’ is over, news must be more than just ‘less bad’ for rally to resume
The Economy Is Reeling. The Tech Giants Spy Opportunity. – DNyuz
dnyuz.com/2020/06/13/the-economy-is-reeling-the-tech-giants-spy-opportunity/
Fed says ‘full range of tools’ in play to counter pandemic
apnews.com/4a631dca191262072b79b7015d99a37f
Federal Reserve holds power beyond what we can imagine | TheHill
thehill.com/opinion/finance/502506-federal-reserve-holds-power-beyond-what-we-can-imagine
European Stock Market News and Analysis: Latest Updates – Bloomberg
What Is Robinhood Market?: Wall Street’s Obsession – Bloomberg
Bankrupt Hertz given approval for unprecedented share sale | Financial Times
www.ft.com/content/b5cd8a1d-7f76-4603-9310-b7b2a4a23cfb
What Is Robinhood Market?: Wall Street’s Obsession – Bloomberg
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www.zerohedge.com/s3/files/inline-images/goldman%20on%20retail%20trading_1.jpg?itok=sGgw6Nyw
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Speculators’ bearish bets on U.S. dollar rise: CFTC, Reuters data – Reuters
(2) Kevin Michaels on Twitter: “@lisaabramowicz1 Dont bail out pensions, Boomers riot. Do bail out pensions, Millenials and Genz riots. What do? t.co/jbKw43Uzk2” / Twitter
Pension Funds in Figures – 2020
www.oecd.org/pensions/private-pensions/Pension-Funds-in-Figures-2020.pdf
‘Ghost town’: As tourism plummets from coronavirus, Hawaii grapples with Great Depression-level unemployment – ABC News
abcnews.go.com/US/ghost-town-tourism-plummets-coronavirus-hawaii-grapples-great/story?id=70880589