Month: May 2020

VIDEO: USS Portland Fires Laser Weapon, Downs Drone in First At-Sea Test

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VIDEO: USS Portland Fires Laser Weapon, Downs Drone in First At-Sea Test https://t.co/BsDPNsEqjC — EndGameWW3 🇺🇸 (@EndGameWW3) May 22, 2020 Amphibious ship USS Portland (LPD-27) shot down a drone with a laser weapon during a first-of-its-kind at-sea test of the Navy’s high-energy laser weapon system. The Navy is currently developing and testing a portfolio of … Read more

Jobless claims are simply too high. They have been falling for 7 weeks, but they didn’t fall enough this past week. The unemployment rate is well over 20%.

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by UPFINA As we mentioned last week, Connecticut put that they had 10 times the number of initial jobless claims that they actually had. That was a huge mistake which made the results look worse than they were. That was resolved this week as the number of initial claims was revised down from 2.981 million to 2.687 … Read more

Who isn’t cutting jobs? You know what first thing a broke middle class employee with two kids does when they lose their job and can’t make the mortgage. Take the penalty and cash in the 401k. Companies need to sell stock, boomers, and now working class. Market on borrowed time

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https://twitter.com/hks55/status/1263914696513650693 Dell Halts 401(k) Matching, Pay Raises, Hiring to Preserve Cash JP Morgan: "We raise our forecast of the unemployment rate and expect it to stay above 10% through year-end" "We are less confident in 2021 growth prospects and see GDP in 4Q21 5% lower than the pre-pandemic path" — Nick Timiraos (@NickTimiraos) May 22, … Read more

Rent to salary ratio by U.S. metro

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by brixu   I’m a data scientist at LinkedIn and created with ggplot2 in R. Data source is LinkedIn Salary and Zillow Rentals data. My post source on LinkedIn: https://www.linkedin.com/posts/brixu_workforcereport-activity-6669273938411044864-DIZA    

Just IMAGINE the media reaction if @realDonaldTrump said this to a black person that asked questions about his policies?

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REMINDER BLACK PEOPLE: If you don’t do the bidding for wealthy white Democrats “YOU AIN’T BLACK”. Just IMAGINE the media reaction if @realDonaldTrump said this to a black person that asked questions about his policies? Or if Trump said “ain’t” when speaking to black people? pic.twitter.com/ipKNPUVhC9 — Candace Owens (@RealCandaceO) May 22, 2020

Fed’s Money Printing & Bail-Out Policies Are Driving Investors Out Of US Assets?

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Dan Becker interviewed by Chris Marcus on Arcadia Economics With the world increasingly realizing that the Federal Reserve’s plan is apparently to print and assume any and every obligation in the financial system, not surprisingly, the smart investors are already diversifying away the central bank risk. Fortunately, internationalization expert and author Dan Becker joined me on the show … Read more

GEORGE SOROS SAYS SURVIVAL OF EU IS CHALLENGED: “THIS IS NOT A THEORETICAL POSSIBILITY; IT MAY BE THE TRAGIC REALITY”

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GEORGE SOROS SAYS SURVIVAL OF EU IS CHALLENGED: "THIS IS NOT A THEORETICAL POSSIBILITY; IT MAY BE THE TRAGIC REALITY" — lemasabachthani (@lemasabachthani) May 22, 2020 George Soros says EU may not survive coronavirus crisis … RTRS Soros said the European Union could break apart in the wake of the new coronavirus pandemic unless the … Read more

BoA: Central Banks Are Creating ‘Fake Markets’…. Buying $2.4 Billion In Financial Assets Every Hour To Support Markets

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Central Banks Are Creating ‘Fake Markets’: Bank of America Stocks have become detached from reality due to recent interventions from central banks into the bond markets, according to analysts at Bank of America. Stocks have become detached from reality due to recent interventions from central banks into the bond markets, according to analysts at Bank of … Read more

Marc Lasry says the market will eventually realize the U.S. will be in a recession ‘for a while’… Banks will struggle to generate profits even as the global economy recovers

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Marc Lasry says the market will eventually realize the U.S. will be in a recession 'for a while' https://t.co/zGwTEIB74C — CNBC (@CNBC) May 21, 2020 Banks will struggle to generate profits even as the global economy recovers, IMF says https://t.co/L2cYMF9xcY — CNBC (@CNBC) May 22, 2020 Talk about a head fake. My SPX bear sentiment … Read more

David Stockman: There will be a massive stampede into real money … Rick Rule: How not to lose money in gold and silver stocks …

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BY JOHN RUBINO David Stockman: There will be a massive stampede into real money … Rick Rule: How not to lose money in gold and silver stocks … Mike Maloney: How deflation turns into hyperinflation … Daniel Lacalle: How gold performs in times of crisis … Joe Rogan and Matt Taibbi: Epstein was clearly murdered …