IMF warns investors that global stock market rally is a gamble

by

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

NY Governor Cuomo – CDC contact tracers can force quarentine anyone,$10,000 fine if you get sick and cause harm, plus cost of your confinement

by

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

WaPo accidentally admits that Trump is right about Democrat run cities having high crime

by

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/    

Black Man Destroys CHAZ/CHOP

by

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

Inside Singapore’s $3 Billion Oil Trading Scandal

by

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

Fed test finds some banks could be stressed in pandemic… Bleak reality gripping economy… New taxes coming

by

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

WHOA! Trump Tweets Support For AOC in a Senate Run – Here’s Why!

by

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

Business Uncertainty About Sales Goes Haywire

by

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

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

by

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

The Depression Dominoes Are Toppling

by

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….

by

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

[Bloomberg] Day Traders Will Have Fun Until They Get Wiped Out

by

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

The Most Important Lie of the Last 50 Years

by

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