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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 a $2 trillion market cap. Apple was also the first publicly traded U.S. company to reach a $1 trillion market cap. Apple hit a market cap of $2 trillion Wednesday, doubling in … Read more
TCNTV, Released on 8/19/20 Egon von Greyerz predicts an economic destruction of markets and asset values and a major wealth transfer and tell’s The Capital Network’s Executive Director Lelde Smits who stands to loose and gain the most. Egon von Greyerz specialises in wealth management and wealth preservation for high net worth individuals. He’s the … Read more
by Darren Brady Nelson via Mises Even those in the nonfinancial media have noticed the skyrocketing price of gold this year. Some partially identify, but don’t quite understand, some of the many (and more measurable) intermediary effects in the chain of causation such as a “weakened US dollar” and “low bond yields.” Those in the financial press add to these factors ones like “central bank … Read more
Fox Business, Released on 8/19/20 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 Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more
https://www.cnbc.com/2020/08/19/jpmorgan-chase-held-talks-with-us-postal-service-about-installing-atms-in-post-offices.html JPMorgan Chase, the biggest U.S. bank by assets, has held talks with the U.S. Postal Service about placing ATMs in post office branches. “We had very preliminary conversations with the U.S. Postal Service several months ago about what it might look like to lease a small number of spaces to place ATMs to better … Read more
Hey California! We can avoid a blackout, but you have to turn up your damn thermostat! https://t.co/UuH8Yr6VFH — Jerry Brown (@JerryBrownGov) August 19, 2020 If I were Mexico, I’d bring in American companies to build nuclear power plants to sell energy to California and use the profits to finance my own power grid. … Read more
by Ethan Huff of Natural News (Natural News) It has been nearly three full months of daily violence in the streets of Portland, with Antifa and Black Lives Matter (BLM) “protesters” continuing to ransack businesses, attack innocent bystanders, and even attempt to murder people whom they claim are “white supremacists.” Over the weekend, a mob of pasty white liberals and … Read more
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
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
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
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
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. 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 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
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 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
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
