Will Worsening Shortage Trigger Next Economic Crisis?

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Most people do not understand the broad reach of this supply chain shortage. There are now huge markets being impacted across the globe. Recovery is not expected for over a year! | Chip Crisis in ‘Danger Zone’ as Wait Times Reach New Record – Bloomberg https://t.co/1otOYAbmaR — Scott C. Lemon (@humancell) May 21, 2021 Pres. … Read more

Investing Feels The Easiest At Exactly The Wrong Time

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by UPFINA Jobless clams are once again suggesting that the labor market improved in the month. This time claims weren’t impacted by Ohio’s normalization. In the week of May 15th, initial jobless claims fell from 478,000 to 444,000 which was 16,000 below the consensus and 6,000 below the lowest estimate. It was a great reading. We … Read more

Bitcoin is experiencing another collapse after the cryptocurrency bounced off 200d MA. Now $36.5k.

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#Bitcoin is experiencing another collapse after the cryptocurrency bounced off 200d MA. Now $36.5k. pic.twitter.com/w2QbXGUxmW — Holger Zschaepitz (@Schuldensuehner) May 21, 2021 CHINA'S VICE PREMIER LIU HE SAYS TO CRACK DOWN ON BITCOIN MINING AND TRADING ACTIVITIES — First Squawk (@FirstSquawk) May 21, 2021 China is the bitcoin bears biggest friend: as long as bitcoin … Read more

1/3 of household income came from Uncle Sam last year… Amazing how fast demand start to drop off without stimulus checks.

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Some people inherit their money, others live off of their extended family. 1/3 of household income came from Uncle Sam last year pic.twitter.com/0m3tGakik0 — The Long View (@HayekAndKeynes) May 21, 2021 Amazing how fast demand start to drop off without stimulus checks. — Steven Van Metre – AI 👑 (@MetreSteven) May 21, 2021  

FOMO Is Loco

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by Charles Hugh-Smith We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth. Judging by the panic buying of everything from homes … Read more

Google MUM Search Engine – Is it Dangerous?

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by Martin Armstrong https://www.armstrongeconomics.com/wp-content/uploads/2021/05/Transcendance.mp4 QUESTION: What is your opinion of this new Google MUM AI search engine? HU ANSWER: It is for complex searches, and it is using a neural net. What you must understand is that a neural net is capable of finding things within a database. It is not capable of original analysis. IBM’s Watson was touted … Read more

Mannarino: Economic Crash Worsens, Food Supply Disruptions, Surging Prices, Epic Debt

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TradersChoice.net, Released on 5/21/21 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more

New CLASHES between Israeli forces and Palestinians inside Al Aqsa compound

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https://twitter.com/disclosetv/status/1395698140158824454 #VIDEO: Riots on the Temple Mount pic.twitter.com/eTWHAKIP1d — The Israel Link (@TheIsraelink) May 21, 2021 https://twitter.com/disclosetv/status/1395695649270771712 It’s starting all over again! Israeli security enter #AlAqsa again.Flash grenades, tear gas and rubber coated steel bullets are being fired at worshippers gathered for #Friday prayers pic.twitter.com/yl81J2VDrB https://t.co/9fSNwe6kih — Osama Bin Javaid (@osamabinjavaid) May 21, 2021   … Read more

Heads up Texas. Tropical storm brewing in the gulf.

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The gulf are of texas and louisiana have been inundated with rain this month. Now a tropical storm? Gonna be a mess. Stay safe. https://www.accuweather.com/en/hurricane/gulf-tropical-threat-to-douse-flood-weary-texas-louisiana/949919?traffic_source=Connatix https://www.nhc.noaa.gov/gtwo.php?basin=atlc&fdays=2 Looks like all of texas in the croasshair https://www.force-13.com/2021/05/17/widespread-severe-weather-and-flash-flooding-likely-over-texas-today-and-tonight/   h/t Woogy  

George Gammon – Repo Market Rates Turn Negative!! Is It Signaling The Next Financial Crisis?

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George Gammon, Released on 3/19/21 George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 … Read more

Amazon is shutting down its Prime Now fast delivery app

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https://www.cnbc.com/2021/05/21/amazon-is-shutting-down-its-prime-now-fast-delivery-app.html Amazon said it’s discontinue its stand-alone Prime Now app and website this year. The service launched in 2014 as a way for Prime members to get one- or two-hour delivery on a range of goods, from household essentials and books to toys or groceries. Shoppers will still be able to get fast delivery on … Read more

New type of corona originating in dogs…

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KUALA LUMPUR, May 21 (Reuters) — A new type of coronavirus believed to have originated in dogs was detected among patients hospitalised with pneumonia in 2017–2018, and may be the eighth unique coronavirus known to cause disease in humans if it is confirmed as a pathogen, a study said. Researchers in the study, published in … Read more

Study: Tech Companies That Made Black Lives Matter Pledges Had 20% Fewer Black Employees Than Companies Who Didn’t

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(Bloomberg) — After the murder of George Floyd last year prompted widespread protests, dozens of companies released public pledges to promote racial justice. However, their support of the Black community wasn’t reflected in the demographics of their workforces. A new study of diversity in the technology industry found companies that made statements of solidarity had … Read more