The Next Economic Crisis: Empty Retail Space

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Commercial real estate is in trouble, and turbulence in the $15 trillion market is threatening to bleed over into the broader financial system just as the U.S. struggles to emerge from a recession. The longer the pandemic paralyzes hotels, retailers and office buildings, the more difficult it is for property owners to meet their mortgage … Read more

Now the left wants you to “reimagine” your Second Amendment rights in order to eliminate them

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by Ethan Huff of Natural News (Natural News) Because the Ivy League knows better than everyone else how to interpret the rights enshrined in our Constitution – this is sarcasm, just to be clear – there is a new effort afoot out of Harvard University to convince Americans that the time is now to “reimagine” the Second Amendment. A report by Harvard’s Kennedy School … Read more

Taiwan official ‘is beaten up by two Chinese diplomats who tried to gatecrash Taiwan holiday celebrations’ in Fiji

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A physical clash between the Chinese and Taiwanese diplomats broke out in Fiji It occurred at a hotel reception celebrating Taiwan’s National Day on October 8 Taipei claimed one of its employees sustained a head injury after the altercation Beijing said the Taiwanese were ‘acting provocatively’ and ‘injured its diplomat’ A Taiwanese official has allegedly … Read more

This is what they call a mic drop.

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This is what they call a mic drop. pic.twitter.com/xTgy8NQiin — Liz Harrington (@realLizUSA) October 19, 2020 MIT: Twitter Ban ‘Nearly Doubled’ The Visibility Of Hunter Biden Laptop Story https://t.co/e13i8IhbpF — Trumpster (@Gettingtrump) October 19, 2020 _Now you have the proof, perhaps like never was had before on a major politician. Laptop plus. This is the … Read more

Neel Kashkari Is The Definition Of “Moral Hazard”

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by Lance Roberts Neel Kashkari, in a recent CNBC interview, said, “I don’t see any moral hazard here“ when asked if the Fed’s massive liquidity injections have blown a bubble. What exactly is the definition of “moral hazard.”  Noun – ECONOMICS The lack of incentive to guard against risk where one is protected from its consequences, e.g., by insurance. … Read more

Danielle DiMartino Booth: “What’s Really Happening Inside The Fed” – Hedgeye Investing Summit

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Hedgeye, Released on 10/15/20 This is an exclusive “Hedgeye Investing Summit” interview between Danielle DiMartino Booth, CEO & Chief Strategist of Quill Intelligence and CEO Keith McCullough. Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found … Read more

China sanctioned over Iran arms sales

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The US has imposed Iran-related sanctions on five Hong-Kong shipping companies, one Australian entity and one Chinese investment group, the US Department of the Treasury said, Sputnik News reported. Delight Shipping Co Ltd, Gracious Shipping Co Ltd, Noble Shipping Co Ltd, Reach Holding Group, Reach Shipping Lines, Supreme Shipping Co Ltd were added to the … Read more

CCP Wolf Warrior threatens 300,000 Canadians living in Hong Kong

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by Dave https://www.theguardian.com/world/2020/oct/16/china-ambassador-makes-veiled-threat-to-hong-kong-based-canadians “We strongly urge the Canadian side not to grant so-called political asylum to those violent criminals in Hong Kong, because it is interference in China’s domestic affairs, and certainly it will embolden those violent criminals,” Cong said. “If the Canadian side really cares about the stability and prosperity in Hong Kong, and really cares about … Read more

Dump Dollars, Buy Silver And Gold! We Destroyed The World’s Greatest Economy For No Reason

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https://www.youtube.com/watch?v=mSHJt18K-j8 Experts have been alerting that the world’s greatest economy was destroyed for no reason. Today, we will discuss specialists’ insight about the US economic future and why market consultants are suggesting the economic collapse could have been avoided. Furthermore, we’re going to examine the prospects of a W-shaped recovery, which means another recession is … Read more

How Financially Fit Are American Retirees?

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STL Fed In their article Better than Ever? The Wealth of Retired Households, the authors examined the balance sheets of households headed by retirees in 2016 with those of households headed by retirees in 2001 and 1989. To gauge how retired households past and present have fared, Chien and Sun looked at the composition of their … Read more

Something is out of place. There is a massive divergence between retail sales vs. coincident indicators.

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Something is out of place. There is a massive divergence between retail sales vs. coincident indicators. If it's all driven by fiscal stimulus…. Why aren’t we seeing a major turn in economic activity? pic.twitter.com/s82oYIDGBf — Otavio (Tavi) Costa (@TaviCosta) October 17, 2020 While it's not a component of this retail sales index, the auto industry … Read more

September data adds to picture of mixed recovery

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Raymond James The mid-month economic reports added further to picture of a mixed recovery. Retail sales posted a stronger than expected gain in September, boosted partly by a seasonal quirk. Consumers didn’t exactly “flock to the mall.” August (not September) is the month for back-to-school sales. Reduced strength this August led to a smaller seasonal … Read more

Bank of Canada Starts to Unwind Crisis Measures

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BMO Benjamin Reitzes, Director, Canadian Rates & Macro Strategist October 16th, 2020 ​ On Thursday, the Bank of Canada announced it is terminating some of the market support programs put in place at the height of the crisis in March. The Bankers’ Acceptance Purchase Facility (BAPF) and Canada Mortgage Bond Purchase Program (CMBP) are both being discontinued with the … Read more

It seems everyone & their mother knows by now that central bank actions are juicing asset prices & wealth inequality.

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https://twitter.com/NorthmanTrader/status/1318205759847620609 #recession … US #inequality edition https://t.co/6Z8Gi7tRB4 — Invariant Perspective (@InvariantPersp1) October 19, 2020 https://twitter.com/rhjameson/status/1318001780849082368 Young adults living with parents pic.twitter.com/4YAUGah84c — Win Smart, CFA (@WinfieldSmart) October 19, 2020