Breaking news, updates, and reports on current events.
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
Should all jobs be essential…. AC
by Playaguy CNN and MSNBC, globalist mouthpieces, refused to broadcast this.
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
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
by Liberal_cesspool 0’s administration spied, lied and now it’s been declassified. Get ready for the BOOM because the implications have been made and the whirlwind is about to reap.
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
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
VIDEO: “Tucker: The unraveling of the Michael Flynn case”
“When somebody screws you, screw em back a lot harder, folks.” NOTHING CAN STOP WHAT’S COMING!#DrainTheDeepStateSwamp #DrainTheSwamp https://t.co/YEWpRcqQzb — 🇺🇸 Pismo 🇺🇸 (@Pismo_B) May 8, 2020
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
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
One of the creepiest and most dystopian things I've seen since the pandemic began: a terrifying camera-equipped remote-controlled robot patrols Bishan-Ang Mo Kio Park in Singapore to — for now — warn about social distancing. Look at the fear. Story: https://t.co/12QfT1mcyZ pic.twitter.com/hBGUhmC7N7 — Glenn Greenwald (@ggreenwald) May 8, 2020
by aMereMortalxxx The virus is now literally a bullish catalyst.
by abhspire According to the SBA as of April 24, per Biz Journals (link below) “The SBA has provided 38,984 loans nationally for a total of $7,967,174,888”. This is an average loan value of $204,370 per loan approved; assuming they are truly processing applications in the order received, then this average amount should be the … Read more
I've repeatedly advised you shouldn't reference 2008, 2000, 1998, 1994 or 1982 if you want to understand what's going on. You need to go back at least to 1929. The Bank of England just said 1706 is a better frame of reference. I have to agree. pic.twitter.com/DQE2gScywy — Jim Rickards (@JamesGRickards) May 8, 2020 https://twitter.com/russian_market/status/1258791467067363330 … Read more
https://twitter.com/GreekFire23/status/1258837351259930626 HASSETT: ALL UNEMPLOYED EXPECT TO BE REHIRED BY EMPLOYER that is the stupidest fuking thing i have heard this month. — Heisenberg Report (@heisenbergrpt) May 8, 2020 This chart from @calculatedrisk is, in one word, breathtaking. pic.twitter.com/C8BatIEwti — Invictus (@TBPInvictus) May 8, 2020 hmm…something to keep an eye on Weekly East to West of … Read more
by politiksnubben Many people seem perplexed about this fact. Bad news should mean that the market should go down. Problem is, bad news means more action from the state/fed. One action is as we all know 0% interest rates. What return do you need to make a profit with 0% interest rates? Anything above 0. … Read more
The first significant rally in a bear market usually convinces most investors that the prior bull market will resume. As a result, many investors remain invested through the worst part of the downturn. Get insights into the most wicked wave in a bear market for those who continue to embrace equities.
If you are not buying stocks after 20 million Americans lost their jobs in April, you are doing it wrong. — Liberty Street News (@LbrtyStreetNews) May 8, 2020 https://twitter.com/FerroTV/status/1258770159591882761 https://twitter.com/dynamicvol/status/1258747992972103680 https://twitter.com/hks55/status/1258758307428421632 As the world economy is about to implode, very few investors realise what will hit them. The dip buyers of stocks don’t understand that … Read more