Probability of V-Shape Recovery Low, Depression High

by Michael Markowski For the second quarter of 2020, US GDP experienced its worst ever contraction of 32%.   The key question now is how fast will the economy recover? Morgan Stanley has emphatically stated that the economy would climb back to its pre pandemic February 2020 level by fourth quarter of 2020.  According to the Wall Street … Read more

Gasoline shortage imminent? This hurricane is heading towards to where most of the major gasoline refineries are

Just speechless right now……. pic.twitter.com/nFyLOrWxwu — IDTH (@IDTH11) August 26, 2020 Much of the country’s refinery capacity is concentrated along the Gulf Coast https://www.eia.gov/todayinenergy/detail.php?id=7170   Of the more than 17.3 million barrels per day (bbl/d) of refinery capacity located in the United States as of January 1, 2012, about 44% (or nearly 7.7 million bbl/d) … Read more

Papa John’s employee asks protesters, “Are they trying to get Trump re elected?” Business is destroyed.

https://twitter.com/TheSpeaker2018/status/1298635815178792961 THE JOURNOLIST IS HOPPING: “Liberals suddenly want the riots to stop because they realize it’s hurting their election chances. Conservatives have always wanted the riots to stop even though we know it’s helping our election chances. The former cares about votes, the latter about lives.” Related: The polling numbers showing violence helping Trump’s numbers. Why won’t … Read more

Lemon: “The Rioting Has Got to Stop… It’s Showing Up in the Polls.” SHOOTINGS IN KENOSHA: It’s easier to start the violence than to stop it… CHARLES LIPSON: Playing with Fire.

DON LEMON SAYS THE QUIET PART OUT LOUD: Lemon: “The Rioting Has Got to Stop… It’s Showing Up in the Polls.” https://twitter.com/jason_howerton/status/1298631075531554819?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1298631075531554819%7Ctwgr%5E&ref_url=https%3A%2F%2Flegalinsurrection.com%2F2020%2F08%2Fdon-lemon-the-rioting-has-got-to-stop-its-showing-up-in-the-polls%2F Related: Wisconsin Riots: At Least Two Killed, One Injured in Shooting on Third Night of Rioting in Kenosha. More: Daily Caller Reporter Takes Shirt Off His Own Back, Rushes To Save Life Of Man Who Was Shot … Read more

Sheriff believes social media is attracting ‘professional agitators’ to Kenosha.

KENOSHA, Wis. – The Kenosha County Sheriff’s Department is gearing up for another night of unrest with hundreds of law enforcement coming to help from around the state. Sheriff David Beth said he is grateful for the support from other law enforcement agencies because resources are thin and exhaustion is high. Demonstrators, on the other hand, believe more … Read more

Weak Economy Enables Strong Housing Market

by Peter Schiff of Peter Schiff Podcast Good news for Facebook stock is bad news for Main Street. Housing market booms – just like it did before the 2008 crash. Layoffs increasing. Many jobs permanently gone. The voting age should be raised. David Portnoy bails on Bitcoin and Chainlink. Paul Tudor Jones should be the next big name … Read more

Bear Capitulation

by northmantrader Relentless squeeze in $SPX and $NDX to ever higher highs and bears are capitulating left, right and center. Short interest at 15 year lows, asset manager index parked north of 100, the complete elimination of down days in August, in short: The perfect bear set up. Imbalances keep building and money relentlessly pushes into high … Read more

The VIX Is Raising A Red Flag For The Rally

by jessefelder One of the indicators I like to watch in regards to the stock market is the relationship between it and expected volatility as indicated by the VIX Index. Typically, these should move in opposite directions: When stocks rise, volatility should fall and vice versa. When there is a divergence it can be a … Read more

Fed Seen Holding Rates at Zero for Five Years in New Policy (“Jackalope Jay” Powell Will Comment Shortly)

by confoundedinterest17 Face it, one of the problems of near-zero interest rates is the if they ever start going up again, … watch out! (Bloomberg) — The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy. The new … Read more

DEFUND THE POLICE? Chicago residents demand more resources to combat violence.

CHICAGO (WLS) — Member of the Auburn Gresham neighborhood on Chicago’s South Side came together Thursday to demand more resources to combat violence following a mass shooting that injured 15 people outside a funeral home Tuesday. Residents of all ages gathered to demand elected officials provide more funding for affordable housing, jobs with fair wages, … Read more