from Financial Survival Network Darryl Schoon returns… It’s no secret that we’re going through an extraordinary economic collapse. Compounding all the previous financial problems, we have a shutdown that threatens to plunge the world into a massive depression. Is there a way out? Is there reason for hope. Darryl Schoon explains how we got where we are … Read more
By Tsvetana Paraskova Oil prices fell early on Friday amid surging new coronavirus infections in the United States, which had market participants worried about the U.S. oil demand recovery trend. As of 9:20 a.m. EDT on Friday, WTI Crude was down 1.28 percent at $40.13, and Brent Crude traded down 1.23 percent at $42.61. Prices recovered somewhat later in the … Read more
By Tsvetana Paraskova Elon Musk took his Twitter feud with Tesla’s short sellers and the Securities and Exchange Commission to a whole new level on Thursday evening, mocking the traders who had bet against the EV maker, as well as the U.S. market regulator, as Tesla’s stock hit a new record-high of $1,208, rallying 7.95 percent. In a … Read more
Leftists and #BlackLivesMatter freaks should close their eyes more often and listen!pic.twitter.com/QKh5WF6tyW — Wild Thoughts on Woke Stuff (@Nick_Clamorgan) July 3, 2020 h/t CrsCrpr
by Daisy Luther While most people are hoping for a peaceful and pleasant Fourth of July weekend, it’s not guaranteed this year. The United States has been ripped apart with racial unrest, a deadly pandemic, and peaceful protests that have been hijacked and turned into riots. It wouldn’t be surprising if things came to a … Read more
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy. 83 tons of gold bars … Read more
Elie Honig @eliehonig @CNN Legal Analyst, former federal and state prosecutor SDNY just announced the Ghislaine Maxwell case – like the original Epstein case – is staffed by the Public Corruption Unit. I worked at SDNY and did sex trafficking cases. They do NOT run out of Public Corruption – unless there is some potential … Read more
the best performing financial asset of 2020 — and turmoil on commodity and equity markets continues. On the Comex market in New York, gold for delivery in June, the most active contract, fell by as much as $49.20 an ounce, or nearly 3% to $1,662.00 an ounce in morning trade, before paring some of those … Read more
https://twitter.com/SoLaTiDoBlades/status/1279162085591535616 http://archive.is/UTuUi
Watch the latest video at foxnews.com EXCLUSIVE — A woman who claims Ghislaine Maxwell raped her dozens of times – beginning when she was just 14 years old – says she is willing to take the stand and testify against Jeffrey Epstein’s ex-girlfriend. In an exclusive interview with Fox News, Jane Doe, who wishes to protect her identity, said Maxwell sexually abused … Read more
All five of Canada’s biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC, CIBC, BMO and TD have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon Athletica and Mountain Equipment … Read more
By Wolf Richter for WOLF STREET. The Fed added some assets and shed other assets, and the net effect on the balance sheet for the week ended July 1, released Thursday afternoon, was that total assets dropped by $76 billion, after having dropped by $12 billion a week ago, and by $74 billion two weeks ago. That three-week drop of … Read more
Common Sense Is Hard People go to pubs without a mask, then shop without a mask, pump gas without a mask, get sick without a mask, infect others without a mask, then fill up hospitals at taxpayer expense https://t.co/tF3g5zds8a — Mike "Mish" Shedlock (@MishGEA) July 3, 2020 https://twitter.com/anilvohra69/status/1279131552002134016 #coronavirus #CoronavirusUSA #SARSCoV2 #COVID19 #COVID19USA Even the … Read more
“Modern monetary theory went from dream to reality in the space of 14-15 months.”@LeutholdGroup’s Doug Ramsey assesses whether the traditional warning sign valuation metrics still hold true in an economic setting where money printing has been crucial in holding off a recession: — Schwab Network (@SchwabNetwork) July 2, 2020 https://twitter.com/StockBoardAsset/status/1279159479653761024 Actions speak ! Yield curve … Read more
https://twitter.com/ThinkTankCharts/status/1279122036577767424 This marks the third straight week of contraction, this time around of around 1%. As of July 1, the Fed’s total balance sheet size declined by about $74 billion to $7.06 tn 2/ pic.twitter.com/Uq5bZ1waD2 — Jonathan Fortun (@econchart) July 2, 2020 VIX still high relative to rally pic.twitter.com/H3gjUNZ3uM — Win Smart, CFA (@WinfieldSmart) July … Read more
by Annapurna__ https://www.federalreserve.gov/releases/h41/current/ Scroll down to: 5. Consolidated Statement of Condition of All Federal Reserve Banks Key takeaways The new asset change was -$73B week over week. The balance sheet gets smaller for a fourth consecutive week. The Fed bought $15B in US Treasuries last week. The Fed sold $32B in MBS last week The … Read more
by Aegidius25 This Thursday the Bureau of Labor Statistics (BLS) released it’s monthly employment report. I’ve long had a problem with the numbers this government agency puts out. Over the years they have been brazenly manipulated and much of the data it purports to show isn’t much more than a glorified guess. The report is made up … Read more
https://www.benzinga.com/media/20/07/16472169/ubers-ex-chief-business-officer-isnt-a-fan-of-reported-postmates-deal is reportedly interested in acquiring rival Postmates for $2.4 billion. The company’s former Chief Business Officer Emil Michael was a guest on Fox Business to talk about the deal and the general state of the food delivery business. Michael On Uber Acquiring Postmates: Postmates is ranked fourth in the food delivery market, and an … Read more
by visvya Edit: I have become aware that Zillow has already launched paid listings in several markets. I guess it’s going well. 2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping. Record low mortgage rates and flexible remote work policies have led … Read more
https://twitter.com/HondoTomasz/status/1278678720543408129 Atlanta Fed GDPNow vs. U.S. GDP Growth: pic.twitter.com/OxnqE5fTWe — Michael McDonough (@M_McDonough) July 2, 2020 Initial jobless claims remain >1.4mn for yet another week. Continuing state level claims persist above 19mn again. Total claims move higher to 31.5mn. pic.twitter.com/xCa6HNcXCF — Joshua Steiner (@HedgeyeFIG) July 2, 2020 "I don't think I'm alone in expressing concern … Read more