CHINA SAYS IT WILL START MILITARY EXERCISES AROUND THE PARACEL ISLANDS IN THE S. CHINA SEA FROM JULY 1

https://twitter.com/Fxhedgers/status/1277415597110779910?s=20 China's Maritime Safety Administration have announced plans to carry out military training around the Paracel Islands in the South China Sea – both Vietnam and China claim sovereignty over this area. The exercises will be held from July 1st to the 5th. — GMI (@Global_Mil_Info) June 29, 2020     h/t Builder

VIDEO: Black Lives Matter Invades Target: “We Will Shut Your Business Down”

https://twitter.com/livesmattershow/status/1277040059099820035 MOSTLY PEACEFUL: Black Lives Matter mob storms Target, threatens to ‘shut down’ business if they cooperate with police. “All black people, living around this neighborhood, living around in this neighborhood, because you prioritize money over people, so until you stop calling the police, we continue to shut your business down,” the crowd chanted. “Black Lives … Read more

Doug Noland…one of the smartest ‘big picture’ macro people around

Doug Noland…one of the smartest 'big picture' macro people around pic.twitter.com/3S0M3QHA5p — M/1_LP (@MI_Investments) June 29, 2020 Aug. looks really "interesting":Potential end of $600/wk in unemployment checks.Markets finally wake up to the coming blue wave with a President Joe.Hard look at Q2 economic numbers.Heck, 8/15 is 49 yrs since the gold standard was eliminated, the … Read more

Forget the V, W or L Recovery: Focus on N-P-B

by Charles Hugh-Smith The only realistic Plan B is a fundamental, permanent re-ordering of the cost structure of the entire U.S. economy. The fantasy of a V-shaped recovery has evaporated, and expectations for a W or L-shaped recovery are increasingly untenable. So forget V, W and L; the letters that will shape the future are N, … Read more

Fed Discloses it Bought Tiny Amounts of Corporate Bonds, Including a Whopping $15.5 Million (with an M) in Junk Bonds

Here are the 84 companies whose bonds the Fed bought, and the 16 bond ETFs it now holds. By Wolf Richter for WOLF STREET. The Federal Reserve disclosed Sunday afternoon the amounts and the company names of the corporate bonds that it started buying for the first time ever in the week ended Friday, June 19. They’re not … Read more