Month: May 2020

RNC Chairwoman Drops BOMB on Media Outlets who Did Not Cover Allegation Against Joe Biden

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https://www.youtube.com/watch?v=i6ksIbx_zXc Mike Breast from Washington Examiner reports, Republican National Committee Chairwoman Ronna McDaniel is calling for the networks that ignored the sexual assault allegation against former Vice President Joe Biden to be barred from hosting any 2020 presidential debate. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…

Ohio Governor Reveals Why He Walked Back on Social Distancing Orders

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https://www.youtube.com/watch?v=Ld4Jb4SO5iQ James Barett from The Daily Wire reports, In an interview with ABC’s “This Week” Sunday, Republican Ohio Gov. Mike DeWine admitted that his statewide mandate that Ohio residents wear face masks while in stores was “a bridge too far” because people are simply “not going to accept the government telling them what to do.” … Read more

Virus is old news IMO, next we deal with the recession & bankruptcies

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https://twitter.com/dynamicvol/status/1259085718611255296 Markets bottom on the worst of bad “economic” news. So far only worst of health news has hit. Bankruptcies, mortgage defaults, declining GDP, lowered corporate earnings guidance, record unemployment rate hasn’t happened — GabrielD (@gdavidov) May 8, 2020 Was expecting 31.3%!!! BULLISH! https://t.co/vAVynqOmOG — Live Monitor (@amlivemon) May 9, 2020 Btw, the amount of … Read more

Given the massive size of QE and all the bailout facilities one cant be too certain about the path of equities…but this rally could easily be like the 1930 headfake,before stocks really got destroyed.

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given the massive size of qe and all the bailout facilities one cant be too certain about the path of equities…but this rally could easily be like the 1930 headfake,before stocks really got destroyed. — bill fleckenstein (@fleckcap) May 8, 2020 https://twitter.com/GreekFire23/status/1258903592687329280 In 2008 we saw the same “non sense” rally before the huge dump … Read more

The retail apocalypse continues: More than 2 million jobs disappeared in April, the latest in a series of bad news for the industry

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According to the US Bureau of Labor Statistics, 2.1 million jobs were lost in retail for the month of April. Clothing and clothing accessories retailers saw the heaviest losses, with jobs declining by 740,000. An additional 5.5 million jobs were shed in food services and drinking establishments. Retailers from JCPenney and Macy’s to Gap and … Read more

Unemployment Is Really 35.7%

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by Jim Quinn HEADLINES: PANDEMIC-DEEPENED RECESSION HAS HAD ITS EMPLOYMENT COLLAPSE AND INITIAL GDP CONTRACTION – April 2020 U.3 Unemployment Rate Really Was 19.5% per Bureau of Labor Statistics, Where the Reported “Headline” 14.7% U.3. Reflected Survey and Classification Errors That Were Disclosed but Not Corrected, for a Second Month / Headline 14.7% Was the … Read more

You Ain’t Seen Nothing Yet

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Guest Post by Realestatepup The fall out from this will take 24+ months to rear it’s ugly head fully. By that I mean the wave of first commercial foreclosures, then residential. Commercial was already hanging by a thread, with brick-and-mortar stores shuttering and the bankruptcy filings of JC Penney, Forever 21, and J.Crew looming. Macy’s … Read more

UCNBT: “U CAN NEVER BEAT TRUMP”

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by Wayne Allyn Root Dear President Trump, here’s an important message from your supporters. First it was “Stormy Daniels.” Then, “Russian Collusion.” Followed by “the Ukrainian Hoax.” Now, it’s “Coronavirus pandemic” and the resulting economic catastophe. “THEY” never give up. But who is “THEY?” “THEY” can’t possibly be Pelosi, Schumer, Schiff, Nadler, Maxine Waters, AOC, et al. … Read more

Why This Oil Rally Won’t Last

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By Nick Cunningham Oil prices have rallied as traders believe the depths of demand destruction may be coming to an end with economies beginning to reopen. But some analysts are warning that the oil price rally may be premature. WTI prices have doubled from $12 to $24 in a little over a week. There is evidence … Read more

Wealth Taxes, Cash Grabs, and Other Schemes

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 by The Phoenix They are coming for your money. Let’s cut through all of the day to day developments in the financial system and look at things in the BIG picture. The BIG picture is the global economy has screeched to a halt as governments around the world enforced “stay at home” or “shutdown” orders. This … Read more

Mark Cuban Hires Secret Shoppers To Monitor Dallas Businesses Reopening… 96% Of Stores ‘Non-Compliant’ With Mandatory Protocols

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DALLAS (CBSDFW.COM) – Dallas Mavericks owner Mark Cuban, who’s made national headlines for his charitable work and his opinions during the coronavirus pandemic, says he wanted to see just how Dallas was reopening its economy after retail stores and restaurants were given the go-ahead from Gov. Greg Abbott last week. Those types of businesses, which also … Read more