Month: July 2020

TEXAS Offers To Pay Moving Cost Of Companies Fleeing California

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After ‘horrifying’ defund police efforts, investors will pay moving costs for California companies to relocate to Texas Location advisory firm Spectrum Location Solutions’ motto, “helping businesses grow in great locations,” doesn’t include California. But it does include Texas. In fact, that’s its top choice. The Pittsburgh-based company, which moved out of California in 2018, is teaming up with three … Read more

Man having a hard time understanding how earning over $200,000 a year is too much to qualify for a decent stimulus check

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Seriously? “I’m having a hard time understanding how earning over $200,000 a year is too much to qualify for a decent stimulus check when you’re paying someone else’s income in federal taxes, and most people pay nothing after getting theirs back in earned-income tax credit, child-tax credits, etc. We have to pay for everything! I … Read more

The Ruling Class Has Its Favorites, Who Are Allowed To Operate Outside The Law Without Penalties

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NYC Black Lives Matter marches can continue despite large-event ban, de Blasio says. Mayor Bill de Blasio is permitting Black Lives Matter protesters to continue marching through city streets while the city is canceling all large events through September. Speaking on CNN Thursday night, de Blasio said the demonstrators’ calls for social justice were too important to … Read more

Fusion GPS Received Hundreds of Thousands of Dollars in PPP Loans

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It don’t get much swampier than this. _____ Fusion GPS received hundreds of thousands of dollars in small-business loans during pandemic By Jerry Dunleavy | July 08, 2020 (washingtonexaminer.com) – The group that hired British ex-spy Christopher Steele to put together his Trump-Russia dossier received hundreds of thousands of dollars under the Small Business Administration’s Paycheck … Read more

Goldman Sachs Is Loading Up On Gold

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Andrew Maguire interviewed by Chris Marcus on Arcadia Economics Just when you didn’t need another reason to think that gold and #silver were going to rise, Andrew Maguire reports that Goldman Sachs has started loading up on gold. Goldman appears on the recent COMEX delivery report, and in the interview Maguire talks about why they are buying. As well … Read more

Risk Seems to be Everywhere

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by Martin Armstrong QUESTION: Dear Martin, Thank you for your commitment to helping others through this unsettling time. Long before I found you, I was fascinated with the capital markets and historical financial crashes, in particular. I spent many years on Wall Street (and LaSalle ST) building and marketing trading systems for the listed options industry. … Read more

The 2020 Election & Supreme Court Ruling

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by Martin Armstrong QUESTION: What does the new Supreme Court decision on the electoral college really mean? Does this prevent Hillary from becoming the candidate? HF ANSWER: It means that the delegates must vote for the popular vote in their state, based only on the national election. Nevertheless, this does not address what if Joe Biden were … Read more

Virus, Or Politics? Mayor (Who Attended BLM Protest) Cancels Texas GOP Convention For Public Health

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by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Houston’s Democrat Mayor Sylvester Turner heaped praise on the recent George Floyd protests, which drew tens of thousands of people tightly packed into the city. He even addressed the crowd. Coronavirus was no problem, the protests were too important. Yesterday Mayor Turner cancelled the Texas state Republican Party convention, … Read more

[NYTimes] Sources describe horror stories of young and inexperienced investors on Robinhood, many engaging in riskier trades at far higher volumes than at other firms

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https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free. Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to … Read more

Tracking by JPMorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further

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Tracking by @jpmorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further pic.twitter.com/8KO5yk2LPr — Liz Ann Sonders (@LizAnnSonders) July 10, 2020 Coronavirus will cost banks over $2 trillion in loan losses: S&P Global https://t.co/0MshA5cNbO … Read more

Nasdaq gets the kiss of death

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https://twitter.com/anilvohra69/status/1281427148297826305 This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 dma, less than 40% of S&P members are above their 200 dma. Tech is trying to lift up the index, other stocks aren't participating. This has pushed the gap in breadth to an all-time high. Worrisome? pic.twitter.com/tqMtoc4boA — SentimenTrader … Read more

Equity outflows continue, $248B of liquidity withdraw in the last 4 weeks, global industrial stocks are sprinting back to the lows in relative terms.

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equity outflows continue pic.twitter.com/QVOHjfHp80 — Alastair (@StockBoardAsset) July 10, 2020 Global industrial stocks are sprinting back to the lows in relative terms. At these lvls, industrials are telling you that ISM New Orders are way too high. This return to expansion should be a brief one. Bond yields are telling you exactly the same thing. … Read more

Plain and simple. What happens if the Fed keeps doing QE? Gold, silver & miners will explode to the upside. If they stop? Stocks will collapse.

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Plain and simple. What happens if the Fed keeps doing QE? ▪️Gold, silver & miners will explode to the upside. If they stop? ▪️Stocks will collapse. Buy gold & sell stocks. pic.twitter.com/QwEGGQpSt2 — Otavio (Tavi) Costa (@TaviCosta) July 8, 2020 Buy gold & sell stocks. H/T @Nysedaytraders pic.twitter.com/mhOueoBjQd — Otavio (Tavi) Costa (@TaviCosta) July 8, … Read more

You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody

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by Charles Hugh-Smith As the inverted pyramid collapses, the effects will be non-linear. Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the entire U.S. economy is an inverted pyramid of balance-sheet “value” and debt resting on … Read more

Texas’ Lt.Gov Dan Patrick Says BLM Is A Communist Organization taking over the education system to indoctrinate kids and turn them against their parents

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https://youtu.be/ycTmLSbTIdA Tucker Carlson rips the mask off the Democrat party: He’s gone full constitutional warrior, tackling the Democrat’s cynicism, and calling out the dual leftist practices of violence and censorship. Every day, Carlson is better than the day before CLOWN WORLD: Study Finds 92% Of Leftist Are Actually Basement Dwelling Adult Children A Study Found … Read more