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
by kaxo123 Where to begin… Well, let’s get to the lie: The Federal Reserve Chairman, and more importantly the United States Federal Reserve, has control over the U.S. Dollar. Before I get started with this (hopefully not lengthy) write-up, we need to get some things straight. This blatant stupidity that I mentioned is referring to … Read more
https://twitter.com/Hoz94s/status/1276248369141342208
by DavidianTheLesser Someone woke up today and decided to put on their big boy pants and blow just under $8.5 million on SPY PUTS! Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.
GLOBAL DEPRESSION WORSE THAN 1930 via @WinfieldSmart pic.twitter.com/yjx3vkj6us — Steve Burns (@SJosephBurns) June 25, 2020 Here Are The States Goldman Thinks Will Be Forced To Reverse Opening Plans https://t.co/yqbfmu80MH — zerohedge (@zerohedge) June 25, 2020 Boj Gov Kuroda: Japan’s Economy Is Likely To Remain In Severe Situation For The Time Being — LiveSquawk (@LiveSquawk) June … Read more
US capitalism has been shattered The coronavirus response is paving a path to government control of the economyhttps://t.co/MzsvmjKkNR @FT #Stimulus #credit #coronavirus #fed #centralbanks #investor ht @GregDaco @SoberLook https://t.co/tdOFSIsQpp pic.twitter.com/3kepS26DIV — Mo Hossain (@MoHossain) June 25, 2020 Not all signs bullish for the US Dollar… or are they? Speculators are eyeing potential downsides in the … Read more
The Chinese Communist Party is silencing free expression in Hong Kong. Today, the US Senate affirmed the #CCP’s HK national security law would violate Beijing’s commitment to grant HK autonomy. All free nations must stand with the people of Hong Kong. pic.twitter.com/sIaPXSR5SK — Sen. Marsha Blackburn (@MarshaBlackburn) June 25, 2020 SENATE PASSES BILL TO SANCTION … Read more
https://ir.wirecard.com/websites/wirecard/English/5110/news-detail.html?newsID=1988247&fromID=1000 Wirecard AG: Application for opening of insolvency proceedings 25-Jun-2020 / 10:27 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Aschheim, June 25, 2020: The … Read more
78% of fund managers say the market is overvalued via @WinfieldSmart pic.twitter.com/q9C5psf5Ev — Steve Burns (@SJosephBurns) June 25, 2020 Hedge funds & investors don’t trust the Ponzi scheme Smart money is now considered as dumb money pic.twitter.com/p1EzxVrsz9 — Alessio (@AlessioTMAD) June 25, 2020 Investors are demanding the least extra yield to own energy junk bonds … Read more
#VoteDemocrat https://t.co/YiWvhY7nIu — James Woods (@RealJamesWoods) June 25, 2020
by Raúl Ilargi Meijer Paul Gauguin Tahitian scene 1892 This is another piece I received today from Bruce Wilds, a US Midwest business owner I earlier featured an article from two months ago. There are plenty issues I have issues with here, but I’m not going to stand in the way of the US midwest … Read more
from Financial Survival Network George Gammon is back… There’s an old saying that when you’ve dug yourself a hole, stop digging. George explains why we’ll probably get more inflation and why the dollar could go down on the DXY index. George also explained the GTA (General Treasury Account) and why there’s $1.6 trillion dollars sitting there. Eventually, we’re … Read more
Leech swims up man’s penis, drinks pint of blood before docs pull it out Doctors in Cambodia recently removed a leech that, in wince-worthy fashion, had entered an elderly man’s penis while he was swimming and drank a full pint of blood. The unnamed patient first knew something was awry after experiencing severe pain while … Read more
Before 2020, we were watching massive monetary intervention for what they told us was no reason really, just a technical adjustment. The Repo Crisis is still going on today but it’s old news so nobody dares to cover it for lack of clicks and views. Fast forward to 2020 and we have witnessed a huge … Read more
