Is This An L Shaped Recovery?

by UPFINA In a previous article, we mentioned the combined total of unemployment claims looked depressionary. That’s a big statement because there are some still calling for a V shaped recovery. There was a V shaped recovery in housing as new home …

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Quicken Loans Files IPO at over $3.8 Billion In Valuation

by B1naryBl00d UPDATE: Barrons reporting Rocket will go public on August 6th. https://www.barrons.com/articles/rocket-mortgages-ipo-is-next-week-what-to-know-51595980494?mod=hp_LATEST ——— https://www.wxyz.com/news/quicken-loans-to-offer-150m-shares-in-ipo-between-20-22-per-share 172.5 million shares expected between $20-$22/share 22.5 million shares for underwriters 150 million shares of Class A. Four classes will be issued.   Disclaimer: This …

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Are Markets Priced To Perfection?

by UPFINA It’s tough to explain how unusual this recent run in markets has been because everything has been unusual this year. If something normal happened, it would be a shocker. In fact, that’s why some casual observers are shocked by …

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The Pennsylvania Supreme Court has ruled that an Uber drivers are to be classified as employee under state law and is entitled to unemployment insurance benefits, because the company exercised “total control” over how he performed his job.

https://www.reuters.com/article/employment-uber/penn-supreme-court-says-uber-driver-is-employee-entitled-to-unemployment-benefits-idUSL2N2EY239 The Pennsylvania Supreme Court has ruled that an Uber Technologies Inc driver was the ride-hailing service’s employee under state law and is entitled to unemployment insurance benefits, because the company exercised “total control” over how he performed his job. …

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Dollar value in freefall after endless printing. Asset managers betting against Dollar.

Dollar value after endless printing pic.twitter.com/Knov4Ii2DL — Win Smart, CFA (@WinfieldSmart) July 27, 2020 Asset managers betting against Dollar pic.twitter.com/yn5JeK4XBF — Win Smart, CFA (@WinfieldSmart) July 27, 2020 #Gold adjusted for inflation pic.twitter.com/oMBipkUUaR — Win Smart, CFA (@WinfieldSmart) July 27, …

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MEANWHILE CHINA:“If USA dares to deploy THAAD systems or F-35 fighter jets in Taiwan, it will be the day China’s PLA liberates Taiwan”

https://twitter.com/ASB_Breaking/status/1288321137282289665 US-China Military Conflict “Highly Likely” To “Almost Certain” Over Next 3 Years A top independent Australia-based think tank which regularly advises the Canberra government has produced a “risk assessment” studying the likelihood of America and China going to war. …

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