Wall Street firms are entering the world of exchange-traded funds like never before … We have a Price/Sales ratio equal to the Dot Com Bubble period

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Wall Street firms are entering the world of exchange-traded funds like never before https://t.co/WBoC5Oxl9l via @markets — Sam Potter (@SamJPotter) December 2, 2020 We have a Price/Sales ratio equal to the Dot Com Bubble period, except back then US debt to GDP was 40% (now 120%), total nat'l debt $5T vs $30T (+6x) in '21, 2% rates … Read more

Nonfarm Private Jobs in November: the pace continues to slow dangerously. Philly Fed ADS Business Conditions Index sinks.

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Nonfarm Private Jobs in November: the pace continues to slow dangerously.Huge recovery🤨 pic.twitter.com/6837WaQBby — Antonio Pérez-Algás (@apanalis) December 2, 2020 Is the shake really finished?🤔No, in my opinion, waiting for the next whiplash pic.twitter.com/zHXcN1A5Cl — Antonio Pérez-Algás (@apanalis) December 2, 2020 #recession … #GFC2 US #bankruptcy & #unemployment edition https://t.co/SFGIZhLKGR — Invariant Perspective (@InvariantPersp1) December … Read more

Bulls significantly outnumbering bears in #InvestorsIntelligence Advisors’ Sentiment survey… Euphoria flashing in @Citi Panic/Euphoria model

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Bulls significantly outnumbering bears in #InvestorsIntelligence Advisors’ Sentiment survey; nearly 2/3 bullish, which is highest since January 2018 @Refinitiv @WSJ pic.twitter.com/AK4COpVY0Y — Liz Ann Sonders (@LizAnnSonders) December 1, 2020 Euphoria flashing in @Citi Panic/Euphoria model (rose from 0.87 to 1.1 recently); level last reached in August before stocks’ -9.4% slump pic.twitter.com/7VnGAR3VPf — Liz Ann Sonders … Read more

OH: California’s Highest-Paid Govt Employee Worked for Org Tied to Chinese Espionage. “Taxpayers paid $1.7 million to ex-pension fund manager Meng.”

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California taxpayers shelled out more than $1 million to a man linked to a Chinese espionage program, making him the state government’s highest-paid worker. Meng Yu, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), received more than $1.7 million in total pay and benefits in 2019, according to the latest financial disclosures obtained … Read more

The Next Gold Rush Is Here

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by Egon von Greyerz You have been warned. The Biden – Yellen (BY) nightmare dream team will fulfil our worst fears of deficit spending, debt explosion and dollar collapse. Not that a Trump win would have been that much different since the die had already been cast long ago for the final decline of the current financial … Read more

Mannarino: Into The Abyss – The US Economy Is In Economic Freefall!

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TradersChoice.net, Released on 12/2/20 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

Carjackings up over 500% in minneapolis

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A housekeeper arriving early to her shift in south Minneapolis was confronted by two hooded teenagers outside her driver’s side window. One pointed a gun at her head, demanding that she get out, before firing three shots: two ricocheted off the window and a third struck her side-view mirror. The woman threw her car into … Read more

A government watchdog says the Labor Department has been releasing flawed data — and finds that most states underpaid jobless Americans

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The Labor Department reported false counts of week-to-week jobless-benefits claims, and several states underpaid unemployed Americans through a key economic relief program, the Government Accountability Office said Monday. Inconsistent state data, claims backlogs, and potential fraud in the benefits system resulted in “flawed week-to-week comparisons” of jobless-claims data, the government watchdog said. Average weekly payments through the … Read more

Canadian electric truck and bus manufacturer to “IPO” on NYSE via a merger with $NGA

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https://tcrn.ch/33yjZxh Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The companies raised $200 million … Read more

Exxon cuts capex and will write off up to $20bn in assets

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https://reuters.com/article/exxon-mobil-outlook/update-3-exxon-tries-to-put-the-worst-behind-it-with-20-bln-writedown-idINL4N2IG4LY Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest level in 15 years. New cost cuts aim to protect a $15 billion a year shareholder payout that many … Read more

Donald Trump says he will veto the ENTIRE national defense funding bill unless Section 230 is terminated

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WASHINGTON (AP) — President Donald Trump is threatening to veto a defense policy bill unless it ends protections for internet companies that shield them from being held liable for material posted by their users. On Twitter Tuesday night, Trump took aim at Section 230 of the 1996 Communications Decency Act, which protects companies that can … Read more