The 2000s dot com bubble is literally a picnic compared to today
The 2000s dot com bubble is literally a picnic compared to today https://t.co/eigPWoRG4o — Liberty Street News (@LbrtyStreetNews) June 2, 2021 Good day for memes…AMC $AMC: +102%Koss $KOSS: +71%Bed Bath $BBBY: +51%Express $EXPR: +33%Blackberry $BB: +32%GameStop $GME: +14%Sundial $SNDL: +13%Tilray $TLRY: +12%Clover Health $CLOV: +12%Dogecoin $DOGE: +12%Virgin Galactic $SPCE: +10%Beyond Beat $BYND: +10% — Charlie … Read more
Powell’s liquidity casino June 2021:
https://twitter.com/NorthmanTrader/status/1400129597853810688 Crude Oil closed at its highest level since October 2018, up 91% over the last year. pic.twitter.com/F5wUtYnj0E — Charlie Bilello (@charliebilello) June 2, 2021 M&A activity has already blown past the $2 trillion mark in a record-breaking 2021 So far in 2021, global mergers and acquisitions have totaled a record $2.4 trillion, up 158% … Read more
Ally Bank eliminates overdraft fees entirely
Just got this in an email and thought I’d share. They’d been waiving them automatically during the pandemic but have now made the change permanent. h/t cuhulainn
Chamber Of Commerce Confirms US Labor Shortage Is A “National Economic Crisis”… ISM Reports Longest Delivery Times on Record
Chamber Of Commerce Confirms US Labor Shortage Is A "National Economic Crisis" https://t.co/VKAVNQM4IP — zerohedge (@zerohedge) June 2, 2021 ISM reports longest delivery times on record pic.twitter.com/eZqaGtnUcZ — Not Jim Cramer (@Not_Jim_Cramer) June 1, 2021 https://twitter.com/QTRResearch/status/1400113361476542467
As Police Brace For A “Summer Of Violence”, Murder Rates Are Absolutely Exploding All Over America
by Michael Snyder It appears that the violence in major U.S. cities is about to escalate even further. Summer is usually the worst season for violent crime in America, and authorities are openly warning us that a “summer of violence” is approaching. But at this point it is difficult to imagine things getting worse because we are … Read more
The United Nations Is Sounding The Alarm About The Dramatic Increase In Global Food Prices
by Michael Snyder Conditions are heading in the direction that we have been anticipating, and that is not good news at all. Food prices are rising at a very alarming rate, and at this point even the United Nations is sounding the alarm. Most of my readers remember the global food riots that we witnessed … Read more
Barack’s Latest Revelation about Biden is Grounds for IMPEACHMENT
https://www.youtube.com/watch?v=xMIgP2_WESk Mike LaChance from American Lookout reports, Have you felt like you’re living through Obama’s third term as president? There may be some truth to that. During a recent interview, Obama said that Joe is working with his former staff to ‘finish’ the job. Doesn’t that sound like Biden is carrying on Obama’s vision? Read … Read more
Declining Buyers/Renters, Increasing Housing Supply = Soaring Home Valuations (WTF???)
by C Hamilton As the old adage goes, real estate is all about location, location, location. Given this, I wanted to offer a regional and state by state view of the situation, where declining total populations, large declines among those employed, and declining under 60 year old populations are taking place parallel to a resurgence … Read more
Jordan Roy-Byrne: some very encouraging signs for gold investors…
The Korelin Economics Report, Released on 6/2/21 Jordan Roy-Byrne, Founder of The Daily Gold joins me for a look at how gold has performed compared to gold stocks, bonds and the US markets. There are some very encouraging signs for gold investors. We then look at the types of gold stocks that Jordan thinks have … Read more
DiMartino Booth: Cryptocurrency Regulation Likely
Fox Business, Released on 6/2/21 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more
Doug Casey on the “Graveyard of Empires”
Via International Man International Man: After almost 20 years, the US government announced it is officially leaving Afghanistan and is pulling its troops out of the country soon. What’s your take on this? Did the US government accomplish anything? Doug Casey: The US presence in Afghanistan for 20 years is clinically insane. The place has … Read more
Preservation Of Wealth Versus ‘You Only Live Once’: Another Victory For Retail Traders
by Chris Vermeulen of The Technical Traders In a market flush with cash where traders are able to use social media to target heavily shorted symbols – incredible things can, and often do happen. AMC follows GME to the heavens as retail traders flex their muscles while pushing institutional-level players to the sidelines. It is a true David … Read more
Half of all Restaurants will close
Half of all the restaurants will close. Our economy is falling apart. Look at Day 2 in San Diego. We cover the downtown area and Business News you can use.
Food Prices To Soar Higher As California Farmers Destroy Crops Because Dust Bowl Condition Spreading
https://www.youtube.com/watch?v=DJt9LyJKyB4 Every single American is going to be deeply affected by the crisis that is unfolding in California right now. The state has almost 25 million acres of farmland, and it produces the vast majority of the fruits and vegetables we consume in the U.S. However, as a catastrophic megadrought has started to devastate millions … Read more
THERE’S DEFINITELY SHRINKAGE.
‘Shrinkflation:’ The Latest Consequence of Reckless Federal Spending, Explained. We already know that top inflation metrics have recently surged, and executives at companies like Costco are warning that price hikes are hurting their customers. Now, there’s a new inflation consequence hitting consumers: “Shrinkflation.” I’d never heard the term before today, but new reporting from the Washington Post explains how some companies are … Read more
Texas Governor Announces Plan To Arrest Illegal Aliens
Texas Republican Gov. Greg Abbott went scorched earth on Joe Biden over his failure at the U.S.-Mexico border. During an interview on Fox News, Abbott told host Sean Hannity that officials are going to start arresting and jailing border crossers in Texas. https://conservativebrief.com/gov-abbott-texas-41795/
Taper Talk Is A Total Misdirection? $6 Trillion In Spending Planned For 2022 Is The Main Problem
While the mainstream financial media talks about tapering QE because of the hundreds of billions in cash parked by US banks at the Fed’s reverse repo facility, this is a total misdirection from the real problem. How the Biden administration is proposing spending to increase to $6 trillion in 2022 (and growing more after that) … Read more