SEC Expands Accredited Investor Definition

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https://www.sec.gov/news/press-release/2020-191 You can only make certain types of investments if you are an accredited investor (i.e buying private pre-IPO shares). The definition used to be $1m of investible assets or $200K in annual income. Now they have slightly widened the definition so that more people can be considered Accredited investors, which will allow more people … Read more

After crushing earnings, Salesforce announces layoffs of 1000

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Here’s how the company did: Earnings: $1.44 per share, adjusted, vs. 67 cents per share as expected by analysts, according to Refinitiv. Revenue: $5.15 billion, vs. $4.90 billion as expected by analysts, according to Refinitiv. Stock is up 25% and 60% YTD. https://seekingalpha.com/news/3609085-salesforce-begins-job-cuts-after-record-earnings-wsj

With no relief bill, 16% of homeowners and 33% of renters not making August payments- equities are likely to fall. Consumers in California are clearly not on board w/ a V-shape recovery.

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With no relief bill, 16% of homeowners and 33% of renters not making August payments- equities are likely to fall. @michaellebowitz @DiMartinoBooth @nomiprins @elerianm @ScottMinerd #economy #Economia #trading https://t.co/QNEQrFi8BU — Patrick Hill (@PatrickHill1677) August 26, 2020 Consumers in California are clearly not on board w/ a V-shape recovery. Looking at the details of yesterday’s Conference … Read more

“Full Beast Mode”: Hurricane Laura Has The Potential To Be One Of The Greatest Natural Disasters In All Of U.S. History

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by Michael Snyder Hurricane Laura has become one of the most powerful hurricanes that we have ever seen in the Gulf of Mexico.  When Hurricane Katrina hit New Orleans in 2005, it was a category 3 storm with maximum winds of 125 mph.  As I write this article, Hurricane Laura is a category 4 storm … Read more

This must have been what the South Sea bubble of 1720 felt like… or worse

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https://twitter.com/TacoNuclear/status/1298644477431762944 #recession … #Tech #Bubble 2.0 edition https://t.co/Wvw4hDUEJT — Invariant Perspective (@InvariantPersp1) August 26, 2020 It's the epitome of sloppy thinking to imagine that refraining from speculation at hypervalued, Fed-induced, yield-seeking extremes at the worst prospective returns in U.S. history is somehow "betting against America." It's exactly this sort of behavior that always injures it. … Read more

CNN & Fox cut Rand Paul’s anti-war speech at RNC

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Senator Rand Paul’s (R-Kentucky) speech at the Republican National Convention was butchered by major cable networks, with CNN cutting it completely and Fox replacing the anti-war part with an interview. Senator Paul, who frequently crossed swords with Donald Trump when both were vying to become the Republican presidential candidate in the 2016 race, admitted during … Read more

Probability of V-Shape Recovery Low, Depression High

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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

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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.

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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.

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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