The Ruling Class Has Its Favorites, Who Are Allowed To Operate Outside The Law Without Penalties

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NYC Black Lives Matter marches can continue despite large-event ban, de Blasio says. Mayor Bill de Blasio is permitting Black Lives Matter protesters to continue marching through city streets while the city is canceling all large events through September. Speaking on CNN Thursday night, de Blasio said the demonstrators’ calls for social justice were too important to … Read more

Fusion GPS Received Hundreds of Thousands of Dollars in PPP Loans

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It don’t get much swampier than this. _____ Fusion GPS received hundreds of thousands of dollars in small-business loans during pandemic By Jerry Dunleavy | July 08, 2020 (washingtonexaminer.com) – The group that hired British ex-spy Christopher Steele to put together his Trump-Russia dossier received hundreds of thousands of dollars under the Small Business Administration’s Paycheck … Read more

Goldman Sachs Is Loading Up On Gold

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Andrew Maguire interviewed by Chris Marcus on Arcadia Economics Just when you didn’t need another reason to think that gold and #silver were going to rise, Andrew Maguire reports that Goldman Sachs has started loading up on gold. Goldman appears on the recent COMEX delivery report, and in the interview Maguire talks about why they are buying. As well … Read more

Risk Seems to be Everywhere

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by Martin Armstrong QUESTION: Dear Martin, Thank you for your commitment to helping others through this unsettling time. Long before I found you, I was fascinated with the capital markets and historical financial crashes, in particular. I spent many years on Wall Street (and LaSalle ST) building and marketing trading systems for the listed options industry. … Read more

The 2020 Election & Supreme Court Ruling

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by Martin Armstrong QUESTION: What does the new Supreme Court decision on the electoral college really mean? Does this prevent Hillary from becoming the candidate? HF ANSWER: It means that the delegates must vote for the popular vote in their state, based only on the national election. Nevertheless, this does not address what if Joe Biden were … Read more

Virus, Or Politics? Mayor (Who Attended BLM Protest) Cancels Texas GOP Convention For Public Health

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by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Houston’s Democrat Mayor Sylvester Turner heaped praise on the recent George Floyd protests, which drew tens of thousands of people tightly packed into the city. He even addressed the crowd. Coronavirus was no problem, the protests were too important. Yesterday Mayor Turner cancelled the Texas state Republican Party convention, … Read more

Ebay Will no Longer Using Paypal For Transactions

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by wsb_roulette I own an eBay company so I know just how much this means for eBay. This is HUGE for them. What’s happening: So up until now, each and every transaction made on eBay was processed through Paypal. Ebay took 10% per transaction and Paypal took an additional 2.9% + $0.30 per transaction. However, eBay … Read more

[NYTimes] Sources describe horror stories of young and inexperienced investors on Robinhood, many engaging in riskier trades at far higher volumes than at other firms

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https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free. Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to … Read more

Tracking by JPMorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further

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Tracking by @jpmorgan of 30 million credit/debit cardholders shows spending has stalled since late June; with activity widespread across states, data suggest it may be difficult for risky assets to rise much further pic.twitter.com/8KO5yk2LPr — Liz Ann Sonders (@LizAnnSonders) July 10, 2020 Coronavirus will cost banks over $2 trillion in loan losses: S&P Global https://t.co/0MshA5cNbO … Read more

Nasdaq gets the kiss of death

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https://twitter.com/anilvohra69/status/1281427148297826305 This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 dma, less than 40% of S&P members are above their 200 dma. Tech is trying to lift up the index, other stocks aren't participating. This has pushed the gap in breadth to an all-time high. Worrisome? pic.twitter.com/tqMtoc4boA — SentimenTrader … Read more

Equity outflows continue, $248B of liquidity withdraw in the last 4 weeks, global industrial stocks are sprinting back to the lows in relative terms.

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equity outflows continue pic.twitter.com/QVOHjfHp80 — Alastair (@StockBoardAsset) July 10, 2020 Global industrial stocks are sprinting back to the lows in relative terms. At these lvls, industrials are telling you that ISM New Orders are way too high. This return to expansion should be a brief one. Bond yields are telling you exactly the same thing. … Read more

Plain and simple. What happens if the Fed keeps doing QE? Gold, silver & miners will explode to the upside. If they stop? Stocks will collapse.

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Plain and simple. What happens if the Fed keeps doing QE? ▪️Gold, silver & miners will explode to the upside. If they stop? ▪️Stocks will collapse. Buy gold & sell stocks. pic.twitter.com/QwEGGQpSt2 — Otavio (Tavi) Costa (@TaviCosta) July 8, 2020 Buy gold & sell stocks. H/T @Nysedaytraders pic.twitter.com/mhOueoBjQd — Otavio (Tavi) Costa (@TaviCosta) July 8, … Read more

You Are Now Leaving FantasyLand: The Losses Will Be Taken By Somebody

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by Charles Hugh-Smith As the inverted pyramid collapses, the effects will be non-linear. Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the entire U.S. economy is an inverted pyramid of balance-sheet “value” and debt resting on … Read more

Asset Class Risk and Return Over the Last Decade (2010-2019)

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by visualcapitalist The Importance of Asset Classes Asset allocation is one of the most important decisions an investor can make. In fact, studies have found that the percentage of each asset type held in a portfolio is a bigger contributor to returns than individual security selection. However, it’s important for investors to select asset classes that … Read more

Exhausted cities face another challenge: a surge in violence.

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via apnews: NEW YORK (AP) — Still reeling from the coronavirus pandemic and street protests over the police killing of George Floyd, exhausted cities around the nation are facing yet another challenge: a surge in shootings that has left dozens dead, including young children. The spike defies easy explanation, experts say, pointing to the toxic mix of issues … Read more