CHANGE: Never Trumper Rino Gov. Charlie Baker says Massachusetts will accept Trump plan to extend unemployment benefits.
Unemployment benefit checks for the more than 500,000 left jobless in Massachusetts amid the coronavirus pandemic could soon be growing $400 fatter. Gov. Charlie Baker on Tuesday signaled he intends to accept President Trump’s plan to boost unemployment benefits. “If this program is there and it turns out to be the only thing that’s there, … Read more
Jim Bianco: Is “meaningful” inflation coming?
Bloomberg, Released on 8/19/20 Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. … Read more
David Rosenberg: Crashing Real Interest Rates Creating the Best Tailwind for $3500 Gold
Palisade Radio, Released on 8/19/20 Time Stamp References: 1:05 – Comparing liquidity events. 3:55 – Money velocity and the economy. 7:00 – Assessing the stock market. 11:15 – Custom indexes they use. 16:30 – Interest rates and NIRP/ZIRP. 19:00 – Fed to peg at Zero and getting yield. 21:05 – Timing and price targets. David … Read more
Democrats push bizarre new conspiracy theory that claims the USPS is removing mailboxes across the country to prevent people from mailing in ballots
by: Ethan Huff (Natural News) By now, you have probably heard the disturbing news about how President Donald Trump is trying to steal the election by having tractor-trailers remove all U.S. Postal Service mailboxes from every town and city across America. Well, the truth is that this is not actually happening, and is just another Democrat-manufactured conspiracy … Read more
Giuliani: Tomorrow we will expose information that is vital to protect the proper functioning of our Republic.
Tomorrow we will expose information that is vital to protect the proper functioning of our Republic. — Rudy W. Giuliani (@RudyGiuliani) August 19, 2020
The S&P 500 made new all time highs yesterday with just 6% of stocks making new 52 week highs.
The S&P 500 made new all time highs yesterday with just 6% of stocks making new 52 week highs. pic.twitter.com/78HomhFQyy — Julien Bittel, CFA (@BittelJulien) August 19, 2020 New records in #SP500 and Nasdaq. What could possibly go wrong? pic.twitter.com/iLx6StPPik — Morten Lund (@meremortenlund) August 19, 2020 Breadth is awful today. pic.twitter.com/2sYN9BC0bb — CoiledSpringCapital, CMT … Read more
East beat West
East beat West pic.twitter.com/JlqMWkAW0h — Win Smart, CFA (@WinfieldSmart) August 19, 2020 CHINA ALREADY WINNING (Fortune Global 500 components) pic.twitter.com/6TnGBi1Wcw — Win Smart, CFA (@WinfieldSmart) August 19, 2020 China & World Trade pic.twitter.com/UaieRZ5MxY — Win Smart, CFA (@WinfieldSmart) August 19, 2020
Can The Economy Improve Before Consumers Run Out Of Money?
by UPFINA Even though the labor market was tight at the end of the last expansion and credit card debt wasn’t nearly as big of an issue as it was in the previous cycle, the percentage of American Express loans 30 days past due creeped up from 0.9% in 2015 to 1.7% in 2019. This could … Read more
CENTRAL BANKS GOLD ACTIVITY
CENTRAL BANKS GOLD ACTIVITY pic.twitter.com/xjRC3OYapo — Win Smart, CFA (@WinfieldSmart) August 19, 2020 The $20 trillion U.S. Treasury market is giving the Fed a thumbs-up for its efforts to revive inflation from the coronavirus pandemic https://t.co/PH91BagjEN — Win Smart, CFA (@WinfieldSmart) August 19, 2020 METALS INDEX pic.twitter.com/8HtzM1W4ub — Win Smart, CFA (@WinfieldSmart) August 19, 2020 … Read more
Retail earnings reports are sending a message: The US economic recovery may be faltering… and the stock market is way too expensive now
https://twitter.com/FlitterOnFraud/status/1296063155416829958 The stock market is way too expensive now, which is another way to say that I didn't see this record coming. And watch out for the housing market to help the economy recover, and deepen inequality yet further. https://t.co/IsKC9l3o1J via @bopinion pic.twitter.com/330sYAWyo2 — John Authers (@johnauthers) August 19, 2020 In this cycle, the Fed's … Read more
Apple becomes first U.S. company to reach a $2 trillion market cap
Apple hit a market cap of $2 trillion, doubling in valuation in just over two years. It’s the first publicly traded U.S. company to reach the $2 trillion milestone. Apple first reached a $1 trillion market cap on Aug. 2, 2018. Wall Street has largely expected Apple to be the first to surpass the $2 … Read more
Apple iPhone 12 To Be Manufactured In Bengaluru; Likely To Cost Less Than iPhone 11
Good news for iPhone enthusiasts. As a part of the Make In India initiative, Apple recently started to manufacture iPhone 11 in India, at a plant located in Tamil Nadu. Now, according to a report from Business Standard, Apple will start manufacturing the upcoming iPhone 12 in Bengaluru and the company is investing huge sums, … Read more
Baltimore GOP candidate whose campaign ad stunned the internet joins Ingraham
Kimberly Klacik, Republican running for Elijah Cummings’ seat, joins Laura Ingraham on ‘The Ingraham Angle.’ #Foxnews #IngrahamAngle
Warren Buffett Shorts The Economy, Runs Away From U.S. Financial Sector
by Keith Weiner of Monetary-Metals It must be Monday, because the price of silver skyrocketed. From $26.10, it shot up to $27.50, or +5.4%. The last time we wrote about silver was after its crash to $25. Silver is now priced 10% above that low point. But First: The Sage Does a 180 The big news in the … Read more
Marianne Williamson on the DNC convention: “too many rainbows & unicorns for me”
Broadcast Networks suffer YUGE drops: NBC, ABC, CBS shaft themselves
The “Speculative Bubble” in Gold and Silver
by Craig Hemke via Sprott Money News Just because prices have been rallying, the market generalists and their sycophant media have been pushing the idea that gold and silver are somehow in a “speculative bubble”. However, even just a quick, basic review of the COMEX market internals reveals that this is nothing but lazy misinformation. Since we’re going … Read more
SHOCKING: Chicago looters were college students, convicted felons, unemployed parents.
A group of looters busted for ransacking high-end stores in Chicago were mostly college students, unemployed parents and convicted felons, according to a report. The night of mayhem came around an hour after police shot and injured a 20-year-old man who they claim fired at them first near his home in Englewood on Aug. 10, the Chicago Tribune … Read more
THE MEDIA GASLIGHTING ISN’T WORKING: Most say ‘protests’ have become ‘riots,’ new high in support for police.
via washingtonexaminer: Support for police has surged past 4-1 in key battleground 2020 states, likely driven by concerns that “peaceful” Black Lives Matter protests have become more violent. A new survey for Heritage Action For America found that opposition to defunding the police, part of the Black Lives Matter movement, has jumped to 79%, with just … Read more