by Egon von Greyerz “Extraordinary Popular Delusions and the Madness of Crowds” happen with regular intervals as Charles Mackay wrote about. It seems that the world experiences more delusions and madness than truth and sanity. The pattern is always the same. The economy is never in equilibrium but moves in cycles of boom and bust. … Read more
Police, Fire Reportedly Refused to Respond to Crime in Progress in Seattle’s Breakaway CHOP. Seattle Mayor Jenny Durkan’s “summer of love” turned into a summer of crime earlier today, and the NY Post reports that the police and fire department did not respond effectively. Not sure why they would. CHOP may have changed its name but it’s still … Read more
by chadlad101 Hey everyone, here is my take on SNAP (NYSE). Pls let me know your thoughts (supporting/ conflicting) etc. or if there’s anything else I need to cover. This is just my opinion of the stock and I could definitely go into way more detail… 🔥 Investment Thesis Snapchat has the potential to become … Read more
by Thereian PPP is basically acting as a medium for unemployment. People are paid to do nothing right now, since the government is footing the bill. PPP requires employees to be paid through June 30th (among other conditions). To be clear – small businesses have had a reason to not lay anybody off yet. July 1st is … Read more
Important to monitor: 30-day delinquencies on credit card debt — especially retail store cards via @MoodysAnalytics @SoberLook pic.twitter.com/kXsxRvXxgN — Gregory Daco (@GregDaco) June 17, 2020 👀 pic.twitter.com/isEwRYKDn2 — IZ (@siddiqui71) June 16, 2020
https://twitter.com/EM_KA_17/status/1272911431860736002
The Fed bond purchasing has little restrictions on executive compensation, buybacks, layoffs, offshoring, or paying out private equity. All factors in inequality. Again, the Fed is not an innocent party here. — Nomi Prins (@nomiprins) June 17, 2020 Not as old as Rudy, but old enough to remember when they called this front running.Now its … Read more
The main reason Japan survived so long w/ so much Debt is b/c for 20 of their 30 post-crash yrs, the rest of the world was healthy. Japanese retirees could find higher int rates abroad. Not the case today. Both US/Japan on accelerating path where ~ nobody can afford to retire~ 🤔 pic.twitter.com/vQrR9Yn82j — M/1_LP … Read more
US blacklists 'China's MIT' as tech war enters new phase The 100-year-old Harbin Institute of Technology has had its access to critical engineering software cut off, no postgraduate students received offers…from American universitieshttps://t.co/shf1wQAtwR pic.twitter.com/7TzI0oaI08 — E-san-E (@nikkeix225) June 17, 2020
https://twitter.com/ThinkTankCharts/status/1273162813972848640 If you close your eyes, you can pretend we're still in 2019…. much like the companies that are using last year's figures to avoid defaulting. Story with @kayewiggins https://t.co/KsubxRXQjK — Nikou Asgari (@nikasgari) June 17, 2020 EQUITY SENTIMENT INDICATORS LOOK INSANE pic.twitter.com/ud07859Abb — Win Smart, CFA (@WinfieldSmart) June 17, 2020
Fed’s own economic activity index just declined again. Stocks don’t belong at these valuations. Gravity still works. pic.twitter.com/jjAU7iGUsE — Otavio (Tavi) Costa (@TaviCosta) June 17, 2020 Here’s your recovery. Enjoy! pic.twitter.com/X6od2Qerle — David Rosenberg (@EconguyRosie) June 16, 2020 VULNERABLE RETAILERS pic.twitter.com/NJJA13G941 — Win Smart, CFA (@WinfieldSmart) June 17, 2020 "The chart below shows the five-year … Read more
Hong Kong office properties are plunging by 24% YoY! Almost as bad as it did in the depth of the Global Financial Crisis. One major difference? HK banking system wasn’t 9 times the size of its economy back then. Credit bubbles burst. Hong Kong office properties are plunging by 24% YoY! Almost as bad as … Read more
by Aegidius25 The government’s monthly report on retail sales recorded a 17.7% increase in May 2020 as compared to April. I find these number doubtful. With so many stores and other businesses shut and unable to provide sales data they are making these assessments based on incomplete data sets that are likely schewing the results. … Read more
by Sevro_andthe_howlers Below is section 4003 of the CARES act. It very clearly requires “for the avoidance of doubt” that any use of CARES funds must adhere to 13(3), “including requirements relating to loan collateralization, taxpayer protection, and borrower solvency”. To be very clear – using leverage to purchase commercial bonds is wholly illegal, as … Read more
https://www.youtube.com/watch?v=tPHvazVMKx0 What Is This FILTH Taking Over USA Streets? CHOP CHAZ CLOWN SHOW EMERALD CITY TURNS TO DIRT They Are Using Americans To OVERTHROW GOVERNMENT! BEWARE
https://www.youtube.com/watch?v=OS8v3QBUalg Manila is home to a gigantic shadow industry of digital cleaning. It employs tens of thousands of people working 10-hour shifts for the big Silicon Valley corporations, deleting offensive photos and videos from social media sites. Manila is a global content moderation hub for social media providers. This two-part documentary reveals how an army … Read more
This is the NSA whistleblower that no one talks about. Snowden revealed a lot but before him Tice exposed the scope of NSA surveillance. He exposed surveillance on all citizens and the collecting of metadata.
Tucker! The Best in honest journalism in the business! AC
https://youtu.be/j_Q4KlZkcZU This is what happens when the Silent Majority stays silent, and lets the crazies run everything. AC
Where do all the riots, looting and arson happening around the country end? Former CIA Officer and counter-terrorism expert Kevin Shipp says, “They are pushing for a civil war, and we are in a soft civil war right now. It just hasn’t broken out into the streets. This will result in a civil war, and … Read more