SHANGHAI, April 28 – The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Concern has …
By Tsvetana Paraskova Canada is likely going through its worst-ever recession, with more pain to come in May when the statistics authorities and analysts will have a fuller picture of the economic disaster brought about by the coronavirus pandemic and …
by Scott Minerd To think that the economy is going to reaccelerate in the third quarter in a V-shaped recovery to the level where gross domestic product (GDP) was prior to the pandemic is unrealistic. Four years from now the …
by Kujo17 Image source: https://westriketogether.org/
by SpontaneousDisorder via epi.org Millions of the newly jobless are going without benefits as the unemployment system buckles under the weight of new claims, according to our new national survey, conducted in mid-April. For every 10 people who said they successfully …
Dr. Tom Inglesby of the Center for Health Security at Johns Hopkins says “it is good to think about the fall especially with the overlap of COVID and influenza,” but there will be “rolling waves” between now and the fall. …
Meet the team who will help Joe Biden pick his vice presidential running mate Biden’s vice presidential selection committee, announced Thursday morning, will include four co-chairs: Former U.S. Sen. Christopher Dodd; U.S. Rep. Lisa Blunt Rochester; Los Angeles Mayor Eric Garcetti; …
by HarbingersRefuge Background There’s a 2007 study on the economy during, and the economic recovery following, the 1918 Spanish Influenza Pandemic (sourced below). The study concluded that employment increased in the US during the pandemic due to a plethora of new jobs …
by mrcet007 Warren Buffett’s annual letter to Berkshire Hathaway shareholders https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf Charlie and I urge you to focus on operating earnings – which were little changed in 2019 – and to ignoreboth quarterly and annual gains or losses from investments, …
They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters. By Nick Corbishley, for WOLF STREET: The biggest European banks have started to …
Initiative seeks to challenge Trump’s online megaphone A new Democratic-aligned political action committee advised by retired Army Gen. Stanley McChrystal, the former head of U.S. forces in Afghanistan, is planning to deploy technology originally developed to counter Islamic State propaganda in …
U.S. Secretary of State Michael Pompeo said “enormous evidence” shows the novel coronavirus began in a laboratory in Wuhan, China, and that Beijing has refused to give international scientists access to learn what happened. “I can tell you that there …
‘Freedom’ protest against coronavirus orders leads to arrests at California Capitol The demonstration was unauthorized and not permitted by the California Highway Patrol, but CHP officers did not disperse protesters until late in the afternoon when tense moments led to a …
Bill Nye is not a scientist. Greta Thunberg is not a climate expert. Hillary Clinton is not a President. AOC is not an economist. CNN is not a news network. Joe Biden is not winning in 2020. Michael Obama is …
by AryaRemembers So Colorado, Nevada, California, Washington, and Oregon are in something called “the Western States Pact” and have agreed to synchronize their reopenings. https://www.usnews.com/news/best-states/articles/2020-04-27/colorado-nevada-join-western-states-pact-to-fight-covid-19 Yesterday Washington decided to push back their reopening until June. https://www.seattletimes.com/seattle-news/politics/inslee-announces-extended-stay-home-order-outlines-plan-to-reopen-washington-in-phases/ In theory this seems …
It started in mid-February for jet fuel and in mid-March for gasoline. By Wolf Richter for WOLF STREET. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. …
https://twitter.com/RemiGMI/status/1256883933687558144 Doing some quick checking on valuations (using #Fridays close) versus S&P's 4/30/20 estimates. Two conclusions:1) Estimates have not been revised down nearly enough2) Market remains exceptionally overvalued considering what's coming on the data front. pic.twitter.com/vTEoeNgZw6 — Lance Roberts (@LanceRoberts) …
by Sten_Duncan2 Now, there is a reason that commercial advertisements for gold target demographics that we will generously call “unsophisticated”. Gold is perfect for short term thinkers/investors because doesn’t actually grow in the long term the way equities or bonds …
Riyadh’s Tadawul All Share Index ends the day down 7.4% Equity gauges in the U.A.E, Kuwait, Qatar and Egypt also drop Saudi Arabian stocks dropped the most in almost eight weeks after the kingdom’s finance minister said “painful” measures — …
Robots and cameras: China’s sci-fi quarantine watch Robots delivering meals, ghostly figures in hazmat suits and cameras pointed at front doors: China’s methods to enforce coronavirus quarantines have looked like a sci-fi dystopia for legions of people. Authorities have taken …
#Russia- Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly in the capital Moscow. 🔴 #Russia– Russia reported 9,623 new coronavirus cases – its highest …
Tim gives his take on the news Are we in a cold war with China yet? The executive order in full https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-power-system/ AO
Tara Reade’s cancellation of her interview on Fox News follows a troubling 24 hours. -MSNBC confirms they invited Reade for an interview after Reade claims they did not -Neighbor no longer sure about what Reade told her years ago -Reade …
China is buying up land and recently took over Australia’s dairy production China is buying land and building farmland, solar farms etc. China is buying up property in WA/Sidney and now Chinese investors own a large portion of property and …
https://www.youtube.com/watch?v=QHYeNBzcm4s As many different sectors in the economy are facing massive output cuts in production, the food supply chain is also dealing with hardships, especially in a number of meat processing facilities around the globe. In most states of the …
By now most of us here know that BILL GATES backed EVENT 201 which was held in Oct 2019, 6 weeks before Covid-19 went live, and almost perfectly laid out everything we are experiencing now with CoronaVirus. So since Bill seems to have such …
I’m sure by now everyone has noticed that TPTB are pushing the narrative that there will be a food shortage. For those of us that are certain the “COVID-19 Crisis” is by design, we should already understand that there is …
It’s over, folks. For better, or for worse, it’s over. May come back to bite us in the ass, but the gate is open. Rural bars, people hanging out in front, food being served. Private campgrounds absolutely packed, people towing …
Sis has been working at whole foods extra hours since lockdown three of her five team members got the virus looking at the illinois has been steadily increasing for the last month https://www.worldometers.info/coronavirus/country/us/ USA………….Case…………New State………..Total………..Cases ______________________________________ New York……..319,213………+3,991 New Jersey……123,717………+2,527 …
Drowning in a sea of liquidity. “In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.”—Greg Ip, @WSJ https://t.co/QehaXr9wdC — Daniel Lacalle (@dlacalle_IA) May 2, 2020 Is …