Month: August 2020

by JimmyBones Employed by Major Home Improvement retailer. Been informed that we are going to have way worse shortages than we already have or had anticipated. The company is scrambling to conduct sweeping remodels of the “floor” to help offset the look of empty shelves and drop zones. We received reporting that showed us our “get … Read more

WASHINGTON (Reuters) – The U.S. economy could benefit if the nation were to “lock down really hard” for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts. The economy, which in the second quarter suffered its biggest blow since the … Read more

by Lionhearted09 Serious question: how is this any different than church services or other events https://ibb.co/YbvypdJ    

by GloBoy54 The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades https://t.co/809L8FYeXI — Nick Timiraos (@NickTimiraos) August 2, 2020 https://www.wsj.com/articles/fed-weighs-abandoning-pre-emptive-rate-moves-to-curb-inflation-11596360600 The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest … Read more

From August 11, the devices will be given to incoming travellers, including citizens and residents, from a select group of countries who will be allowed to isolate at home rather than at a state-appointed facility. Similar measures using electronic wristbands to track peoples’ movements during quarantine have been used in Hong Kong and South Korea. … Read more

CNBC: We hired pollsters to see if free money was popular 😂😂 — Reminiscences of an American Capitalist (@4Awesometweet) August 3, 2020  

You can say there is NO bubble in technology, but that still doesn't resolve the valuation issues. pic.twitter.com/XfWkBdJamO — Lance Roberts (@LanceRoberts) August 3, 2020 The new listing of Lordstown Motors continues to trend of more and more EV equity supply coming to the market, which historically has been one characteristic of bubbles. https://t.co/xLAKZUQpJH — … Read more

Retail Rent Drops 15.3% in NYC: Madison Avenue corridor from 57th to 72nd Street, which holds a number of luxury retailers including Celine and Hermes, saw rents drop 15.3% from a year ago to $882 per square foot. Wow 🤔@OpenOutcrier @DiMartinoBooth #nyc — Reminiscences of an American Capitalist (@4Awesometweet) August 3, 2020 WAGES OF BLUE-ZONE … Read more

One of the telling signs of a #liquidity #trap is when you lower #rates and increase #money #supply and don't get much economic activity from it. Welcome to the #USofJapan pic.twitter.com/pW2vFWA3on — Lance Roberts (@LanceRoberts) August 3, 2020 Consumers Use Free Money to Pay Down Debt Stimulus money is in play but psychology may be … Read more

by nongaap TLDR: Insiders gave themselves YOLO OTM options in May, signaling something “big” was on the table, and you could have traded alongside if you were paying attention. Edit: You don’t have to believe me, but go read the New York Times Kodak article and see who they credit for scooping the story (this is me respecting … Read more

Removals in response to crackdown on unlicensed games by Beijing Apple pulled 29,800 apps from its China app store on Saturday, including more than 26,000 games, according to Qimai Research Institute. The removals are in response to Beijing’s crackdown on unlicensed games, which started in June and intensified in July, Bloomberg reported. This brings an … Read more

I recently watched a documentary about how the U.S. government finally took down the mob (aka the Mafia). For decades, the U.S. government failed miserably. Why? Because it could only catch low-level “soldiers” in the act of a crime but never the mob boss (aka The Don). But something changed in the late 1980s. The … Read more

She wins the internet today pic.twitter.com/sih4OWYnjt — Jordan Sather (@Jordan_Sather_) August 3, 2020

Treasury Secretary Mnuchin on unemployment benefits: "We absolutely support a $600 — one week extension." pic.twitter.com/rshIoF4rgB — The Hill (@thehill) August 2, 2020 Mnuchin on $600 benefit — We can’t be ‘paying people more to stay home’ Treasury Secretary Mnuchin tells @MarthaRaddatz “there’s no question” that $600 unemployment insurance is a disincentive to find a … Read more

Unfuckingbelievable. Except, of course, that it’s completely believable. https://t.co/dbeMYdqQz1 — Ben Hunt (@EpsilonTheory) August 2, 2020