by Ed Driscoll via thedispatch I love CHAZ. That’s the Capitol Hill Autonomous Zone, a six-square block Wokeistan in the middle of Seattle, though I fear that they’ll change the name to something more euphoniously transgressive any minute now. And, while I feel bad for the businesses and homeowners in the area who are watching their … Read more
Chinese military officer arrested after trying to leave US Washington Examiner | June 12, 2020 12:52 PM A Chinese military officer is accused of trying to leave the United States with a cache of scientific research conducted at a California university. Xin Wang, a high-ranking member of the People’s Liberation Army, was arrested Monday and … Read more
NOTE: Report begins at 1:04. WOW- Racist Biden Videos from the 90’s h/t DS
TradersChoice.net, Released on 6/12/20 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more
Can Disney go bankrupt with its huge debt? Well lets lay about it.
by elag20 Bear season isn’t over, and the market is about to get shafted. Here’s why: JPOW The fed talks recently confirmed the suspicion that the “V-shaped recovery” is a myth, and it’ll take years for the economy to fully recover from this crisis. The feds could never outright say “the market is cucked”, but … Read more
by LouisDesyjr As unbelievable as it seems, and almost sounds like an Onion story, the Federal Reserve has ‘reduced’ reserve requirements to zero as of March 26, 2020. So, why care? Because if we can ‘take over’ any depository institution, we can lend unlimited amounts of money, the sell the loans off in the secondary … Read more
by Kimble Charting Are Banks going to end the month with a large bearish pattern just below dual resistance? Possible, yet the month is far from over! This chart looks at the Bank Index (BKX) on a monthly basis. The rally this month took it up to test its 61% retracement level and old support as new resistance … Read more
The Nasdaq Composite just hit an all-time high, yet the DJIA remains below its peak. Here’s a perspective on financial tops and the technology sector.
by akwilliamson I opened a high interest savings account last year with Ally and have seen it do nothing but drop with reserve rates decreasing. I tracked all my rate change emails over the last year or so and documented the following: 05/21/19 – 2.20% 06/26/19 – 2.10% 08/05/19 – 1.90% 10/10/19 – 1.80% 11/13/19 … Read more
Amazon to Face Antitrust Charges From EU Over Treatment of Third-Party Sellers (WSJ): The European Union is planning formal antitrust charges against Amazon. AMZN -3.38% com Inc. over its treatment of third-party sellers, according to people familiar with the matter, expanding the bloc’s efforts to rein in the alleged abuses of power by a handful of … Read more
https://www.bbc.co.uk/news/business-53019360 The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas of activity. The contraction is three times greater than the decline seen during the whole … Read more
by robel619 10/16/1987
Let's put the good people behind the wheels… https://t.co/CaIro6wMPv — Michael K. Reynolds (@M_K_Reynolds) June 12, 2020
Join Mike Maloney in this week’s wrap up of current events and discover why he believes we are headed towards a depression, and not just a recession.
Texas hospitalizations are up 27% in the last three weeks. That is not because of more tests but because more people are sick. pic.twitter.com/riZ04weNi0 — Patrick W. Watson (@PatrickW) June 12, 2020 ⚠️AIRBORNE is the “dominant” route for the coronavirus transmission! New PNAS paper by a Nobel laureate’s group concludes this based on study of … Read more
FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES — *Walter Bloomberg (@DeItaone) June 12, 2020 The Fed said more businesses could fail if economic activity remained weak due to coronavirus-related disruptions, leading more temporary layoffs to become permanent https://t.co/myPIRo9vRN — Real Time Economics (@WSJecon) June 12, 2020 US BANKRUPTCIES pic.twitter.com/WpS80mBzWu — Win Smart, … Read more
European economies will be the worst hit in this crisis and the ones to see a weaker recovery. The Eurozone was in a slowdown in 2019. Elevated government spending has proven to be ineffective in the worst-hit countries.https://t.co/qDqoiZVu1f pic.twitter.com/xt0ExCLDPq — Daniel Lacalle (@dlacalle_IA) June 13, 2020
https://www.youtube.com/watch?v=W-Y-_gsSDsQ Protesters in the newly formed autonomous zone in Seattle are considering their next move, having seized control of the area after it was abandoned by police.
By Tsvetana Paraskova Oil shipments from Venezuela to China continued even after the United States tightened the screws on Venezuelan oil exports last August, threatening sanctions on all companies doing business with Nicolas Maduro’s government, Reuters says in a special report, quoting ship-tracking data, PDVSA documents, and oil analysts. According to Reuters’ findings, even after the … Read more