Major business group calls for ending $300 federal bonus in unemployment checks, blaming it for weak April job gains

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The disappointing April jobs report prompted the U.S. Chamber of Commerce on Friday to call for an end to the $300 federal bonus in weekly unemployment checks, suggesting it’s discouraging the unemployed from taking new jobs. The economy added just 266,000 jobs last month, well below the 995,000 economists had forecast, according to their median … Read more

Egon von Greyerz: This is the endgame for paper silver … Kevin O’Leary: There’s a big problem brewing in the cryptocurrency space …

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BY JOHN RUBINO Egon von Greyerz: This is the endgame for paper silver … Kevin O’Leary: There’s a big problem brewing in the cryptocurrency space … Nouriel Roubini: The Fed is ‘cornered’; will either lose control of inflation or crash markets … Michael Saylor: Bitcoin is not a currency, so it won’t be outlawed … Andrew … Read more

Hedge fund manager Kamensky goes full retard, gets caught in a massive fraud involving Nieman, gets whopping 6 month sentence and a $55,000 fine for perpetuating billion dollar scam

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Daniel Kamensky, founder and former manager of New York-based hedge fund Marble Ridge Capital, has been sentenced to six months in prison for bankruptcy fraud, according to a statement from the United States Attorney’s Office in the southern district of New York. The sentence, which came on Friday in a Manhattan federal court, comes after … Read more

BlackRock reports 71% decrease in ownership of PLTR

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Link – https://fintel.io/so/us/pltr/blackrock 2021-05-07 – BlackRock Inc. has filed a 13F-HR form disclosing ownership of 9,378,527 shares of Palantir Technologies Inc. Class A (US:PLTR) with total holdings valued at $218,425,000 USD as of 2021-03-31. BlackRock Inc. had filed a previous 13F-HR on 2021-02-05 disclosing 33,350,543 shares of Palantir Technologies Inc. Class A at a value of … Read more

Ice Age Farmer: BRACE FOR IMPACT: “About to get much worse.”

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We are staring down the barrel of a confluence of several scenarios–each of which individually is a significant, life-changing event–but which are together conspiring is a dangerous and incendiary situation: food shortages, inflation, and a breakdown of the supply chain. A new media narrative today acknowledges food shortages, and blames animal agriculture, indicating we are … Read more

Let’s be clear who they are really taking care of.

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https://twitter.com/NorthmanTrader/status/1390743210801176576 There's going to be a lot of inflationary soul searching this weekend. Monday is going to be interesting. — John Tuld (@BradHuston) May 7, 2021 still no senate hearing on hyperinflating lumber prices pic.twitter.com/zI0urtphOc — Alastair (@StockBoardAsset) May 7, 2021 A trend will continue until it forces a change of behavior. So, how high … Read more

More INSANE Policies From ECB & EU Banks: No More Cash Deposits & Higher Inflation Targets?

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Over the last few months private bankers in the EU in Germany at Deutsche Bank and Commerzbank are turning customers away who want to deposit cash? Banks in Germany Tell Customers to Take Deposits Elsewhere https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601 And then central bankers at the European Central Bank (ECB) want a higher inflation target with an increase in … Read more