Chinese stocks have gained pretty much every single day in the last four weeks. Insane

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Chinese stocks have gained pretty much every single day in the last four weeks. Insane pic.twitter.com/FywY5erjxj — David Ingles (@DavidInglesTV) July 8, 2020 #China's #MarginTrading picks up as stocks crack into a bull market.The top securities regulator CSRC published a list of 258 illegal margin financing platforms on Wednesday and warned investors of risks.https://t.co/VGuFgMazhg — … Read more

Looks like Texas deaths are now catching up with the rising cases/hospitalizations

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Looks like Texas deaths are now catching up with the rising cases/hospitalizations https://t.co/Skv41z8pq8 — Gregor Peter (@L0gg0l) July 8, 2020 There has been a theory that even if the June outbreak acceleration (2nd wave if you will) skewed younger, it would reach older cohorts over time. This theory now seems to to be supported by … Read more

This is by far the Most Mispriced Market in History.

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This is by far the Most Mispriced Market in History. — Paranoid Bull (@paranoidbull) July 8, 2020 How to spot a bubble: I believe there are roughly 6 stages of a market’s valuation. People use different methods to justify buying stocks in each phase: 1. Multiple of FCF2. Multiple of EBITDA3. Multiple of Revenue4. Multiple … Read more

Progress being undone. Homebase data is not looking too good. The bankruptcies are coming hard and fast.

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Progress being undone. Homebase data is not looking too good. Hourly employees down across the board. We're using a 7-day average here to smooth out some seasonal volatility. Data goes through July 7. pic.twitter.com/XEZgTgBNge — RenMac: Renaissance Macro Research (@RenMacLLC) July 8, 2020 https://twitter.com/silviakillings/status/1281181676203319297 32% OF AMERICANS HAVE NOT MADE THEIR FULL HOUSING PAYMENTS FOR … Read more

A must watch: Biden on his crime bill that helped give us mass incarceration. How do people not know he said these things? You think it would be headline news for a candidate

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Biden is massively responsible for a lot of the system we have today. It’s crazy to me people don’t know this, even a couple years ago when asked if he regretted it? He said absoultley not. Here he brags about being known as the man responsible for giving everyone the death penelty except jaywalkers, says … Read more

BIAS BY OMISSION: Selective Media Reporting Further Fuels Our Racial Divide.

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via realclearpolitics: On Saturday, a man drove his car onto a Seattle freeway that had been closed by a Black Lives Matter crowd. The driver killed one person and seriously injured another after going the wrong way up a ramp and then around a barricade. Reports noted that police “don’t believe impairment was a factor.” Over the weekend, news … Read more

CLOWN WORLD: Addition Is Racist

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BLM Teacher Says 2+2 Only Equals 4 Because Of “Western Imperialism” Brittany Marshall’s tweet went viral after she claimed during the course of a discussion about racism, “Nope the idea of 2 + 2 equaling 4 is cultural and because of western imperialism/colonization, we think of it as the only way of knowing.” Marshall, who … Read more

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis

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https://www.cnbc.com/2020/07/08/dividend-payments-plunge-by-42point5-billion-in-worst-quarter-since-financial-crisis.html Dividends on net fell $42.5 billion in the second quarter from a year earlier. That was the largest decline since the first quarter of 2009 during the Great Recession, according to S&P Dow Jones Indices. For the S&P 500, dividends totaled $119 billion, a sharp drop from the record $127 billion in first quarter.

Supreme Court ruling on Trump’s tax returns, financial records to come Thursday

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The Supreme Court will announce Thursday whether congressional committees and a New York prosecutor are entitled to see President Trump’s personal financial records, after the president has waged an intense legal battle to keep the material secret. The court said Wednesday that opinions in all remaining cases would be issued Thursday. The court in May … Read more

Harvard, MIT sue to block Trump administration from stripping student visas amid pandemic

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Northeastern University announced Wednesday afternoon that it would join Harvard University and the Massachusetts Institute of Technology in filing a federal lawsuit against the Department of Homeland Security and U.S. Immigration and Customs Enforcement over new rules barring international students from living in the country while taking online courses. The suit, filed in U.S. District … Read more