“We have borrowed so much that I’m skeptical that three to five years out that equities will give us any kind of return.” — Stanley Druckenmiller (yesterday)

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“We have borrowed so much that I’m skeptical that three to five years out that equities will give us any kind of return.” — Stanley Druckenmiller (yesterday) Many valuation metrics agree, with future expected 5-year & 10-year returns possibly flat to negative for $SPX. pic.twitter.com/wGQKUTlj7G — Tiho Brkan (@TihoBrkan) October 28, 2020 Negative equity: through … Read more

State Level Unemployment Benefits Are Rapidly Expiring

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via mishtalk: Unemployment insurance varies widely state by state. Those with expiring benefits are in serious trouble. Confusing Array of State and Federal ProgramsMy chart is modified from CBPP Center on Budget and Policy Priorities Policy Basics: How Many Weeks of Unemployment Compensation Are Available? Where I show two numbers, the first number is regular state unemployment … Read more

How Does the Pandemic Recession Stack Up against the Great Depression?

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STL Fed Group Vice President and Deputy Director of Research David Wheelock explained that the Great Depression was likely the largest and longest slump in economic activity in U.S. history, though records for the18th and 19th centuries are sketchy. “Comparing the 2020 recession with the Great Depression is also fraught with measurement difficulties, but some rough comparisons … Read more

Justice Thomas supports changes to section 230!

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The Department of Justice (DOJ) on Tuesday sent a letter to congressional leaders advocating for changes to Section 230 of the Communications Decency Act, a law passed about 25 years ago that prevents tech companies from being sued for user content posted on their platforms. As Internet companies have become larger and more powerful — and more central to American political … Read more

Something Wicked This Way Comes: Anarchy Is Being Loosed Upon the Nation

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by John Whitehead via The Rutherford Institute “Every day I ask myself the same question: How can this be happening in America? How can people like these be in charge of our country? If I didn’t see it with my own eyes, I’d think I was having a hallucination.”—Philip Roth, novelist Things are falling apart. How much longer we can … Read more

France’s Macron imposes nationwide lockdown starting Friday! Germany’s healthcare system about to collapse

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FRANCE BACK ON LOCKDOWN – People required to stay at home, except for school, work, and essential travel – Travel between regions prohibited – Macron: 2nd wave could be deadlier, ICU count expected to reach 9,000 – Lockdown will be eased when number of new cases falls to 5K a day #URGENT | #France's Macron … Read more

The best Nancy Pelosi Meltdown video I’ve ever seen and is destroyed by Democratic Progressive comedian Jimmy Dore

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Pelosi is going to be the GOP MVP again. I’m telling you that I believe Republicans will take over the House. Just watch this awesome video and how Progressive Democrat Jimmy Dore destroys Pelosi. Look at the comments on the video on youtube of all the life long Democrats who are now voting for Trump. … Read more

China’s 3 Gorges Dam has reached maximum capacity

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https://twitter.com/TruthAbtChina/status/1321337801435160576 Five minutes ago, the water level at the Three Gorges Dam officially reached the dam’s maximum capacity of 175 meters. As of 2:20 pm local time, October 28th, 2020, the water level is 175.00 meters and rising slowly.     h/t nonnomenes

If Biden Wins The Election, He Wants To Heavily Tax or Phase Out Fracking & Oil?

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by Jason Burack of Wall St For Main St In last Thursday’s debate, Joe Biden made comments about the oil industry and US shale oil fracking that may hurt his chances of getting elected. FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews … Read more

ZETA producing 50 FOOT WAVES

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Wow, Zeta bringing with it FIFTY FOOT waves just south of Louisiana now as the fast moving hurricane has likely created a "trapped fetch" where waves moving with storm and growing huge. pic.twitter.com/tSSNmCxepg — Craig Setzer, CCM (@CraigSetzer) October 28, 2020