https://twitter.com/NorthmanTrader/status/1276435585658478592 Market has stalled since latest peak on June 8, just as @federalreserve’s balance sheet stopped expanding [Past performance is no guarantee of future results] pic.twitter.com/816mLGDTeV — Liz Ann Sonders (@LizAnnSonders) June 26, 2020 De-globalization in one chart: IMF expects global trade to collapse by 11.9% this year, the slump would be more than twice … Read more
by LeadingChallenge2 Global stock market rally is a gamble: IMF warns investors https://www.theguardian.com/business/2020/jun/25/global-stock-market-rally-is-a-gamble-imf-warns-investors?CMP=oth_b-aplnews_d-1 Fed Caps Bank Dividends, Bans Buybacks Through September https://www.bloomberg.com/news/articles/2020-06-25/fed-caps-bank-dividends-bans-share-buybacks-through-september? UCLA economist predicts U.S. economy won’t recover from coronavirus until 2023 https://www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25 Nike reported decline in sales and profits https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html Time to take profit off stocks because 90% of the companies would announce decline in revenues and … Read more
New York City shootings over the last seven days skyrocketed by more than 358 percent compared with the same time period in 2019, from just 12 last year to 55 in 2020, according to NYPD data News 4 reported Monday. A total of 74 people were wounded in the 55 shootings, at least 19 of … Read more
Alabama has become the latest US state to move to restrict abortions by passing a bill to outlaw the procedure in almost all cases. The law includes a ban on abortion in cases of rape or incest. Supporters say they expect the law to be blocked in court but hope that the appeals process will … Read more
New York State will make random checks on people to enforce a 14-day quarantine on travelers coming from states that are infection hot spots for the coronavirus, Gov. Andrew M. Cuomo said Thursday. Asked how New York would enforce the mandate, Cuomo said tracers will follow up randomly to ensure visitors are meeting requirements. “You fly into New … Read more
Joe Biden finally left the basement, and here is the "welcome" he received. Pennsylvania voters support @realDonaldTrump! pic.twitter.com/3S3py4uC20 — Ronna McDaniel (@RonnaMcDaniel) June 25, 2020
by Facts-Over-Opinion WaPo proves Trump is right about Democrat run cities having more violence. Oops! https://www.washingtonpost.com/politics/2020/06/25/trump-keeps-claiming-that-most-dangerous-cities-america-are-all-run-by-democrats-they-arent/ https://newspunch.com/snopes-caught-lying-for-hillary-again-questions-raised/ https://foodbabe.com/do-you-trust-snopes-you-wont-after-reading-how-they-work-with-monsanto-operatives/
https://www.youtube.com/watch?v=8h9pZr0pD9o You know a man is serious when he starts flipping tables. Seeya later #CHAZ or #CHOP or w/e. We’ve had enough of this #DumpsterFire. Our discord: https://discord.gg/uaKhbC
By Alex Kimani Singapore’s geographic location makes it a hot spot for physical oil trading. Hin Leong Trading was just named in a major $3 billion oil trading scandal The revelation of the extent of corporate malfeasance has rocked Singapore’s bustling the trading community. Back in April, Reuters reported that fabled Singapore oil trading firm, Hin Leong … Read more
Via International Man International Man: Recently, Fed Chairman Jerome Powell said the central bank’s money printing is designed to help average Americans, and not Wall Street. What’s your take on this? David Stockman: Yes, and if dogs could whistle, the world would be a chorus! The truth is, in an economy encumbered with nearly $78 … Read more
Fed test finds some banks could be stressed in pandemic… The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum capital levels in scenarios tied to the coronavirus pandemic. The Fed said in a release that big banks … Read more
The propaganda psyop has officially kicked into high gear with the latest New York Times poll saying Former Vice President Joe Biden is 14 points ahead of President Trump. This is a candidate hiding in his basement who cannot string two sentences together, and he’s beating President Trump? I am not falling for the phony … Read more
https://www.youtube.com/watch?v=rQHZgSpx-9Y Collin Rugg from Trending Politics reports, On Monday, President Donald Trump shockingly voiced his support for socialist Alexandria Ocasio-Cortez in a potential Senate run. The comment from the President came in a tweet while he was responding to a headline from the Washington Times which read: “Alexandria Ocasio-Cortez pushed to challenge Chuck Schumer in … Read more
https://www.youtube.com/watch?v=7rPHUnv-OeM Nicholas Fondacaro from News Busters reports, In heavily redacted notes released on Wednesday, anti-Trump FBI Agent Peter Strzok wrote down what Obama had told him and disgraced FBI Director James Comey to do. Read More/Source/Credit/FairUse: https://www.newsbusters.org/blogs/nb/…
These Charts Show What Mess Businesses Face Going Forward. By Wolf Richter for WOLF STREET. I’m going to show you a chart based on data that the Atlanta Fed released today. We’ll dissect it in a moment. The chart would be funny, if it weren’t so serious. At first, just look at the chart superficially. These results are based on … Read more
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims. By Wolf Richter for WOLF STREET. This unemployment crisis is shape-shifting, and some states are still trying to catch up with the torrent of unemployment claims, and some states still haven’t figured out how to process … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, Once you allow your economy to become dependent on extremes of debt, leverage, inequality, legalized looting, monopoly, pay-to-play politics and speculative asset bubbles, a depression is inevitable. The pandemic lockdown will be blamed for the Greater Depression, but the lockdown only toppled all the dominoes that were already … Read more
This is wild. A basket of 90 internet stocks now trading at 160x earnings! We all know how this ends…. pic.twitter.com/A8rTKpKzvs — Otavio (Tavi) Costa (@TaviCosta) June 26, 2020 What recovery? The next four quarters' earnings estimates are rebounding like a lead balloon. The stock market is running on fumes. pic.twitter.com/gBJRyf9QAV — Kevin C. Smith, … Read more
by Random_Dude_20 So im one of those guys, who invested in Wirecard and want to share some of my experience. Afterwards one is always smarter or what’s the word? With Wirecard, I was actually really wrong. I think that you have to stand up for it and you should check whether you made a mistake … Read more
https://www.bloomberg.com/opinion/articles/2020-06-23/robinhood-traders-will-have-fun-until-they-get-wiped-out One time when I was sitting in my college dormitory, I heard a whoop of joy from down the hall. My dormmate announced that he had just made $500,000 trading in the stock market, after having invested only a few thousand dollars. When I asked him how he did it, he grinned and simply … Read more