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These deficits assume no recessions other than the one we're in now. The red blocks are the ongoing impact of paying for Covid-19 + the green are the ongoing impact of tax extensions. We'll be at $30T in debt in early 2021. Then adding $1.5-$2T/yr thereafter (if we're lucky)🤔🤦♂️ pic.twitter.com/EN12oSLY5P — M/1_LP (@MI_Investments) August 10, … Read more
by JordanLeDoux It happens often, and it seems like common sense. But, how often have you been called by your loan company, or your phone company, or your insurance company, or internet company, and that call has started with something like: “Hello, this is Sandra from Comcast calling about your account. Before going any further, … Read more
Tech is eating the world: The recent surge in Apple shares is pushing the value of the world’s largest company toward that of the entire Russell 2000 Index. The iPhone maker is worth $1.93tn, almost 90% of combined mkt cap of 2,000 US small-cap stocks listed in Russell. (via BBG) pic.twitter.com/ifBI1lK6aP — Holger Zschaepitz (@Schuldensuehner) August … Read more
NY Fed on corporate leverage: "Looking ahead, we find that a sizable share of U.S. corporations have interest expense greater than cash flow, raising concerns about the ability of those corporations to endure further liquidity shocks."https://t.co/K9SqSCswwU — Brian Chappatta (@BChappatta) August 10, 2020 Zombie companies' YTD returns have essentially closed the gap to the S&P … Read more
Exactly – By design – Savings (and wages) are punished and debt and leverage is encouraged. Is it any wonder that over the same time period, global debt INCREASED by over $$185 Trillion? Look out below – it is going to be an ugly unwind! https://t.co/0TQiMnsF2F — Jeff Booth ⚡️ (@JeffBooth) August 10, 2020
JPM's Feroli: "If this is all we get for fiscal policy for the rest of the year, it would represent a significant downside risk to our growth outlook." — Nick Timiraos (@NickTimiraos) August 10, 2020
#recession … #GFC2 US edition August 2020? No, March 1930… 📉https://t.co/QbxPOGkNP5 pic.twitter.com/A2OdnLPuAi — Invariant Perspective (@InvariantPersp1) August 11, 2020 Global Coronavirus infections surpass 20million people, resulting in upwards of 700,000 deaths. While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Silver looking to outpace gold, why gold’s price gains might just be getting started, and gold is set to outperform U.S. stocks yet again. As gold searches for new records, silver … Read more
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) From The New York Sun Sunday, August 9, 2020 “It seems we’re all gold bugs now,’ announces the op-ed piece in The New York Times. It says that gold is “one of the best performing assets in the world this year.” Of gold, the Times writes: “Its price just … Read more
WATCH: Massive explosion rips through gas station in southwest Russia; at least 13 injured pic.twitter.com/6oA2vdYf42 — BNO News (@BNONews) August 10, 2020 В Волгограде произошел хлопок цистерны на газовой заправке. pic.twitter.com/rkecixEKCl — Голый Патриот (@GolyDovolen) August 10, 2020
Important from Lebanon: Propaganda 101: Never do live broadcast until the actors are ready! Media is one of the biggest causes of strife and division in the history of man. The propaganda here is being used to fuel civil war in Lebanon. Foreign influences, mainly US, France and Israel are spreading mass propaganda in Lebanon … Read more
The next level of total destruction. Mass looting is going on in Chicago. https://t.co/YyRR5fx7u3 — Ian Miles Cheong (@ianmiles) August 10, 2020 #CHICAGOScanner #ChicagoRiots TRIED TO RUN OVER POLICE pic.twitter.com/qnmXCCXFMi — Mr. Tek | NYC 🛬 Chicago 🛬 Miami 🏠| Girl Dad (@djtek) August 10, 2020 these looters are 40-50 cars deep riding around the … Read more
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by The Phoenix The sell-off in precious metals last week barely put a dent in their rally. As I keep emphasizing, Americans see gold and silver as measures of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.” It’s a different story … Read more
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CHICAGO https://twitter.com/Breaking911/status/1292926000855166977?s=20 BALTIMORE DEVELOPING: Multiple injuries and entrapments reported following explosion that leveled 3 homes in Baltimore, Maryland. pic.twitter.com/AF4iVz8dBt — UA News (@UrgentAlertNews) August 10, 2020 RUSSIA https://www.independent.co.uk/news/world/europe/russia-explosion-volgograd-today-blast-injuries-gas-station-a9663636.html https://twitter.com/stas_libre/status/1292835592875712512?s=20 В Волгограде произошел хлопок цистерны на газовой заправке. pic.twitter.com/rkecixEKCl — Голый Патриот (@GolyDovolen) August 10, 2020 UK https://twitter.com/BasedPoland/status/1292912879528742912?s=20 BERUIT Because the damn CoronaVirus isn’t enough…. Thoughts … Read more
https://www.youtube.com/watch?v=XYjwRTMjn2c Pres. Trump: “This is an urgent humanitarian issue. My administration is committed to leveraging every resource we have to confront this threat, to support the victims and survivors, and to hold traffickers accountable for their heinous crimes.”
