Let’s see if we deteriorate more from here

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https://twitter.com/DereckCoatney/status/1277989558173536262 I expect USD to surpass 103 before falling. It's just a cycle. Let time verify. https://t.co/2rhiYbXUfe — As The Deer (@HJF_Corp) June 30, 2020 #recession … #EmergingMarkets $USD #Liquidity #Squeeze edition https://t.co/RybEEpwZn7 — Invariant Perspective (@InvariantPersp1) June 30, 2020

Buying corporate bonds while stocks are near all time highs just proves that the Fed is drunk with power and run by clueless socialists

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BUYING CORPORATE BONDS WHILE STOCKS ARE NEAR ALL TIME HIGHS JUST PROVES THAT THE FED IS DRUNK WITH POWER AND RUN BY CLUELESS SOCIALISTS 😉#fed #powell #bonds@DiMartinoBooth @GaryKaltbaum @TheDomino — Reminiscences of an American Capitalist (@4Awesometweet) June 15, 2020 The Federal Reserve is now:#3 holder of LQD#5 holder of JNK#2 holder of VCSH#5 holder of … Read more

Can you believe this has been the best quarter for US stocks since 1998?

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Can you believe this has been the best quarter for US stocks since 1998? pic.twitter.com/KMdJsME4w9 — Daniel Lacalle (@dlacalle_IA) June 30, 2020 Tech stocks are priced for perfection. Most have forgotten how cyclical this sector is. Highly doubt the macro environment is going to justify these valuations. pic.twitter.com/KpDH35zBVd — Otavio (Tavi) Costa (@TaviCosta) June 29, … Read more

Did anyone actually read the Dodd stress test on the banks?

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by TrumpHasASmallPnis Table 4.A. Capital ratios actual vs projected https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf Am i the only one thats noticing just how f*cked GS and HSBC are under severe conditions in supplementary leverage ratio? Supplementary leverage ratio = regulatory capital / average assets+off balance sheet exposures. Isnt this even more whack now, vs 7 days ago, with the … Read more

Tuesday is for the bulls

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by Yolo-Call-Options I recently read a DD where some dude wrote an essay on how you can play the SPY on FED repo days (Tuesdays) and make money almost every time… For the gamblers out there; a repo agreement is a short-term loan that the FED gives banks to create liquidity and support MM. The … Read more

Tesla joining the S&P 500

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by go872 ~@Truth_Tesla One of the biggest S&P 500 additions in history was when Berkshire Hathaway, with a $160b market cap, was added in early 2010. The inclusion was a surprise, and the headlines were bombastic. To put this in perspective: in 2010 about $3.5t in assets were benchmarked to the S&P 500. Today this … Read more

Gold & silver penny stocks are taking off! Robinhood traders… The party is just getting started.

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Stocks only go up? Then have a look at precious metals miners. Gold & silver penny stocks are taking off! Robinhood traders… The party is just getting started. pic.twitter.com/lOcC1Y8Kof — Otavio (Tavi) Costa (@TaviCosta) June 30, 2020 Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund — March 2019 It has … Read more

The New Normal: Extremes of Neofeudalism, Incompetence, Authoritarianism and Relocalization

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by Charles Hugh-Smith The pendulum swung to an extreme of globalization, financialization, centralization and monopoly, all of which created extreme systemic fragility. Here’s what to expect in the rapidly evolving New Normal: extremes become even more extreme as the status quo attempts to force compliance with its last-ditch schemes to preserve what was always unsustainable while … Read more

Central Banks DRIVING GOLD: They Would Prefer To Ignore It, Yet They’re NET BUYERS

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(Silver Doctors Editors) Many readers of Silver Doctors like to read the writing of Jim Rickards. He’s out with a new article about gold. Which can be found on the Daily Reckoning website. Jim begins: Gold as an asset class is confusing to most investors. Even sophisticated investors are accustomed to hearing gold ridiculed as a “shiny rock” … Read more

AOC says proposed $1B budget cut to NYPD isn’t enough: ‘Defunding police means defunding police’ (Some Democrats argue the phrase shouldn’t be taken literally and represents police reforms)

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Rep. Alexandria Ocasio-Cortez, D-N.Y., weighed in Tuesday on the proposed New York City budget cuts to the police department she said don’t go far enough, saying “defunding police means defunding police.” “Defunding police means defunding police. It does not mean budget tricks or funny math. It does not mean moving school police officers from the NYPD budget to … Read more

Planned Depopulation, Do YOU even Get a Say?

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https://www.who.int/immunization/immunization_agenda_2030/en/ Plan to vacinate world by 2030 I feel like cattle being herded. Corral, Control, Cancel. It seems to me pretty obvious that the powers of the princes of the air are indeed insane demon filled political hacks posing as benevolent wise leaders. You love the democrats? You love evil. You worship the Republicans? You … Read more

KENTUCKY: Murder Caught On Tape Inside Louisville Marxist Zone — SURPRISE — The Suspect Is A Protester Too

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https://twitter.com/JBernardBoyle/status/1277062739639316480 What we know about Steven Lopez, the suspect in the fatal Jefferson Square Park shooting LOUISVILLE, Ky. — A frequent participant in Louisville’s month of protests has been accused of fatally shooting a photographer in Jefferson Square Park after a dispute with another person. https://www.courier-journal.com/story/news/crime/2020/06/28/louisville-breonna-taylor-protest-shooting-suspect-identified/3274385001/ Gunman Opens Fire at Louisville Breonna Taylor Protest | NowThis Breonna … Read more

Roubini: ‘My prediction for a Great Depression is not about 2020, but the decade of the 2020s’

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Yahoo Finance, Released on 6/29/20 New York University’s Stern School of Business Professor of Economics & Roubini Macro Associates, LLC CEO Nouriel Roubini joins Yahoo Finance’s Julia La Roche to break down his economic outlook and recovery amid the coronavirus pandemic. Nouriel Roubini, a professor at NYU’s Stern School of Business and Chairman of Roubini … Read more

There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning

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No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers. By Wolf Richter for WOLF STREET: OK, dear reader, I feel like I’m fighting a one-man battle against media misinformation or something. I didn’t want to descend into housing-data purgatory with … Read more