Economists call for more direct cash payments tied to the health of the economy

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Surprised this story hasn’t gained more traction or discussion. Seems like leading economists are calling for direct and ongoing cash payments to U.S. citizens to help the economy. Sounds like UBI to me? “Reuters) – Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter … Read more

Housing Crisis? Nah, printer really does go brrrrrrrr

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by parktart TLDR: mortgage services with Fannie/Freddie-backed mortgages only have to front 4-months of missed mortgage payments on behalf of the homeowner in forbearance/default.. after that brrrrrrrrrrrrrrr ———————————————– This is meant to be a discussion – I’d love to hear both bear and bull cases on this ———————————————– I was convinced for a while that … Read more

Only 20% of traders actually make a profit (study)

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by TheCuriousBread Here’s the number from a UC Davis study that studied the profitability of day-traders Over the typical six month horizon, using lower range assumptions regarding transaction costs, less than 20 percent of day traders earn profits net of transaction costs. Now, who are those 20 percent that actually made a profit? We identify day traders who earn … Read more

WeWork’s June revenue is back up to February level; Company on track for profitability in 2021 after a wave of enterprise deals.

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by visvya article link While the shift to homeworking has seen a reduction in office space demand, some companies turned to WeWork to provide satellite offices closer to where their employees live and to spread out their staff beyond their main offices, said Mr Claure. Mastercard, TikTok-owner ByteDance, Microsoft and Citigroup are among the companies … Read more

China’s Kangmei Pharmaceutical Fined $84,600 for $12.6 Billion Accounting Fraud

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https://www.caixinglobal.com/2020-05-15/kangmei-pharmaceutical-fined-84600-for-126-billion-fraud-101554230.html Kangmei Pharmaceutical Co. Ltd., the Chinese drugmaker marred by a financial fraud scandal, was fined 600,000 yuan ($84,600) by top securities regulators for inflating revenues and fabricating bank deposits. Fines ranging from 100,000 yuan to 900,000 yuan were imposed on 21 Kangmei employees for their roles in the violation, the China Securities Regulatory Commission … Read more

Libya Is On The Brink Of A Major Military Conflict

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By Cyril Widdershoven Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya’s National Oil Corporation (NOC) stated lifted the force majeure on crude exports from its key terminals. The national oil company indicated that it expects a gradual revamp of production, but … Read more

CHART OF THE WEEK: Top U.S. Shale Gas Stocks Crushed Even With Double The Production

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BY SRSROCCO The top U.S. shale gas producers have seen their stock prices decimated from their highs reached in 2014.  What’s even worse is that the horrible stock performance occurs even with a nearly doubling of these shale companies’ gas production. While likely everyone heard the news that Chesapeake Energy, the United States’ second-largest shale gas … Read more

What could possibly go wrong? AOC says defunding police will call for “experimentation” with public safety

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by DCG These demorats are very, very dangerous. Seems that their agenda is more important than the safety of their citizens. https://twitter.com/TCPigott/status/1281377769495109633?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1281377769495109633%7Ctwgr%5E&ref_url=https%3A%2F%2Ffellowshipoftheminds.com%2Fwhat-could-possibly-go-wrong-aoc-says-defunding-police-will-call-for-experimentation-with-public-safety h/t Breitbart DCG    

Reduce your colorectal cancer risk by up to 39% with 60 minutes of daily physical exercise

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by: Virgilio Marin (Natural News) A recent study in the British Journal of Cancer revealed that people with at least 60 minutes of physical activity from adolescence could potentially reduce their risk for colorectal cancer by more than a third. The report, led by researchers from the University of Sao Paolo, is the first to analyze the direct link between … Read more

Undeniable Proof Everything Is Racist

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Tipping. Women. Chess. Crosswalk signs. Mayonnaise. Soap. Guess what all these things have in common? You guessed it: They’ve all been deemed racist by the wild, wild left. The beanie crew takes a walk down the lane of everything that the left has decided needs to be called out for racism, list curated by Titania … Read more

MSCI World Growth Index’s Fear/Greed indicator is at the highest level EVER, higher than in 2000. Junk bonds sending an important message of the underlying risks in the markets.

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A quick look at everything growth: MSCI World Growth Index's Fear/Greed indicator is at the highest level EVER, higher than in 2000. The world is all greed, no fear! pic.twitter.com/kVgphJG4Kg — SentimenTrader (@sentimentrader) July 13, 2020 Uncontrollable. This is largest divergence in junk vs. investment grade bond yields in history. Significantly higher than times during … Read more

Gun store offers free rifle to Missouri couple seen guarding their home from BLM protesters, after police confiscate theirs

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Mark and Patricia McCloskey, now infamous for a video in which they’re seen brandishing firearms at Black Lives Matter supporters, were offered a free AR-15 by a local gun store, after their own was confiscated by police. “This couple did what they needed to do to protect private property, as the property was being ambushed. … Read more

You are watched more than you know

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https://www.buzzfeednews.com/article/christianstork/spy-planes-over-american-cities Ex-NSA contractor Edward Snowden shared thousands of classified documents about US surveillance programs with journalist Barton Gellman in 2013 One of those documents revealed that the NSA was tracking phone calls made by Americans inside the US In an excerpt from his new book, Dark Mirror, Gellman lays out how the tool at the … Read more

Lawyer Working on the Big Lawsuit Against CPS (Child Protective Services) in California Was Just Murdered

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Patrick Howley @HowleyReporter The lawyer working on the big lawsuit against CPS in California that I just wrote about was murdered “Homicide Detectives are investigating the murder of Marc Angelucci in Cedar Pines Park” from SBSD http://mountainreporter.com/homicide-detectives-are-investigating-the-murder-of-marc-angelucci-in-cedar-pines-park-from-sbsd/ The lawyer working on the big lawsuit against CPS in California that I just wrote about was murderedhttps://t.co/brMxWDLJm7 … Read more

CALIFORNIA: San Diego Club Rebrands Performance Stage As “Protest Platform” To Justify Reopening

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San Diego comedy club rebrands to ‘protest’ to stay open during coronavirus pandemic “We no longer have a stage,” said Nathan Donovan of the typically-known-as American Comedy Co. “We have a protest platform.” https://www.cbs8.com/video/news/local/san-diego-comedy-club-rebrands-to-protest-to-stay-open-during-coronavirus-pandemic/509-01ae33b5-f752-4e91-8a9f-2d77464d3ecc