California wildfire leaves two firefighters critically injured, forces 90,000 to evacuate

A fast-moving, wind-whipped wildfire left two firefighters critically injured and forced more than 90,000 residents in Southern California to evacuate Monday, while huge swaths of the Golden State went without power in an effort to prevent more flames, officials said. The firefighters, 26 and 31, were injured while battling the Silverado Fire, which had charred at least … Read more

JOURNALISM: ‘Economist’ Failed to Disclose Lucrative Beijing Ties. “UK mag cashed Huawei checks as it covered telecom giant.”

The Economist provided sympathetic coverage of a Chinese tech giant widely considered a national security risk without disclosing the publication’s lucrative business relationship with the firm that spanned nearly a decade. Huawei Technologies commissioned the Economist‘s business consulting division to advance its policy agendas and deflect cybersecurity concerns raised by Western governments. The influential British magazine produced reports … Read more

There is no doubt Joe Biden is in ‘cognitive decline’ – Sky News Australia

The Australian’s Foreign Editor Greg Sheridan says it is impossible to watch Joe Biden perform in a spontaneous setting and not conclude there has been some cognitive decline. It comes after a clip recently emerged showing Democratic presidential nominee Joe Biden mixing up President Donald Trump with former US President George W. Bush. “There is … Read more

University Endowment Sued for Underperforming S&P 500

The University of Colorado has thrown its weight into defending an unusual lawsuit against its foundation, which alleges mismanagement of the $2.4 billion portfolio for lagging the stock market — despite outperforming peers and its own benchmark. Rich and elderly donor Clarence Herbst sued in July after years of agitating against active management and alternative … Read more

Proof that buying gold miners and shorting overvalued stocks at large can work insanely well on both sides of the hedge even in a deflationary environment.

Proof that buying gold miners and shorting overvalued stocks at large can work insanely well on both sides of the hedge even in a deflationary environment. The macro set-up is a speculative debt bubble with record over-valued stocks. pic.twitter.com/f0Bmo0DZuN — Kevin C. Smith, CFA (@crescatkevin) October 27, 2020 QE Goes Global “In a fiat currency … Read more

If Biden wins, you bet your ass the markets will crater. Investors are sitting on trillions in unrealized capital gains.

If Biden wins, you bet your ass the markets will crater. Investors are sitting on trillions in unrealized capital gains. There would be a tsunami of selling pressure into year end, ahead of Biden’s massive capital gains tax increases in ‘21. A tsunami of an economic collapse — Kip Herriage (@KHerriage) October 24, 2020

Outstanding rent debt would reach $7.2 billion before the close of 2020. Moody’s Analytics estimates that it could reach nearly $70 billion by year-end if there is no additional stimulus spending.

outstanding #rent #debt would reach $7.2 billion before the close of 2020. Moody’s Analytics estimates that it could reach nearly $70 billion by year-end if there is no additional stimulus spending. pic.twitter.com/77LgMTTUqK — MasterFeeds (@MasterFeed) October 27, 2020

We have reached peak government debt on a global level, with a lot more to come within the next year. $15 trillion of negative yielding bonos and central bankers see no bubbles or risk.

https://twitter.com/adexo_consult/status/1319944543572316160 $15 trillion of negative yielding bonos and central bankers see no bubbles or risk. Watch: https://t.co/V4lgL51h3X pic.twitter.com/8eVC45B51L — Daniel Lacalle (@dlacalle_IA) October 27, 2020 BlackRock Downgrades U.S. Government #Debt on Blue-Sweep Outlook https://t.co/YM3jpGTAmT pic.twitter.com/ck8suEequ2 — GoldBroker (@Goldbroker_com) October 27, 2020 https://twitter.com/matthew_miskin/status/1321060352591859712 I believe we are looking at the prospect of rising #debt levels for … Read more