Jerome Powell claiming Fed policy doesn’t cause inequality may be the biggest lie ever uttered to the American public.

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Jerome Powell claiming Fed policy doesn't cause inequality may be the biggest lie ever uttered to the American public. QE morphed into an asset bubble ponzi trap (predictable🤦‍♂️)@ericrosengren @RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon @steveliesman @michaelsderby pic.twitter.com/CoO8yNHrE1 — M/1_LP (@MI_Investments) June 11, 2020 This is just getting silly. Record levels of corporate leverage, the longest economic expansion … Read more

Jay Powell better not be printing “only” $120B per month… The government just borrowed $760B in May alone!

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Jay Powell better not be printing "only" $120B per month… The government just borrowed $760B in May alone! Second largest net issuance of Treasuries in history. It dwarfed the Fed's stimulus by over $300B. Let me spell it out for robinhood traders: Not bullish for stocks. pic.twitter.com/YiLy6Czax9 — Otavio (Tavi) Costa (@TaviCosta) June 11, 2020

Tech bust redux. Times when Nasdaq dropped as much as today with dismal breadth?

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Tech bust redux. Times when Nasdaq dropped as much as today with dismal breadth? – April of 2000.– March selloff of this year. Reminder: Stocks are falling from record leverage and valuations today. pic.twitter.com/VczwhwP8mp — Otavio (Tavi) Costa (@TaviCosta) June 11, 2020 Markets driven by euphoria never end well. Warren Buffett is not an idiot. … Read more

You know things are bad when the Nasdaq is at 10,000 and the Fed feels compelled to do more and has to indicate zero rates until 2022.

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https://twitter.com/NorthmanTrader/status/1271028738051002368 https://twitter.com/NorthmanTrader/status/1271172451897049089 A resurgence of the pandemic later this year would dampen the partial recovery that is expected to take place in 2021, says OECD https://t.co/MqPKHfDeaj — Real Time Economics (@WSJecon) June 11, 2020 Not just renters! https://t.co/MPiEnySBHM — Liquidity Trader (@Lee_Adler) June 11, 2020 The U.S. high yield default rate is poised to reach … Read more

It Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…

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by Michael Snyder Protesters in Seattle decided that they were going to give us a living, breathing example of how the world should really operate.  The police were completely kicked out of a six block area of downtown Seattle, and armed guards were posted at all the entrances to the “Capital Hill Autonomous Zone” in … Read more

Ocean City Police investigating after large brawl breaks out on boardwalk, beach. Racially motivated?

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Damn… OCEAN CITY, Md. (WJZ) — Recent violence in Ocean City, Maryland, is raising concerns from local officials who are just starting off the tourist season. Cellphone video taken Tuesday night captured a fight on the board walk. The video appears to show a large group of people on the boardwalk, and a brawl breaks. … Read more

Black Lives Matter isn’t interested in fighting actual racism. But it is interested in whether you support its agenda—and getting you fired if you don’t—-Thoughtcrime

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by Playaguy What is the purpose of controlling speech? Controlling thought. What’s the purpose of censorship? To make it seem that you are the only one with that viewpoint.   via thefederalist: There will be no opting out of the Black Lives Matter movement. You’re either for BLM or against it—and if you’re against it, you’re … Read more

Reliable sources according to Wikipedia, explains a lot of the bias

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by Wumbolo83 Source is Wikipedia’s (de facto official) main list of reliable, unreliable and banned sources: https://en.wikipedia.org/w/index.php?title=Wikipedia:Reliable_sources/Perennial_sources&oldid=962008454 Excellent in-depth article from yesterday: Wikipedia formally censors The Grayzone as regime-change advocates monopolize editing Whitney Webb’s great article from 2019: How a Small Group of Pro-Israel Activists Blacklisted MintPress on Wikipedia ss: Wikipedia maintains “a non-exhaustive list of sources whose reliability … Read more

In a Toronto suburb, police issued $880 social distancing fine to family backyard BBQ while thousands attended protests with impunity.

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by clemaneuverers in a Toronto suburb, police issued $880 social distancing fine to family backyard BBQ while thousands attended protests with impunity. https://t.co/vMN5efNCE3 — Stephen McIntyre (@ClimateAudit) June 10, 2020 By-law just marched on to my property and handed me a social distancing ticket. My family was having a backyard bbq. Super troopers couldn’t cite the … Read more

Here is the employee chart for ActBlue Charities— the company that receives every dollar raised via the Black Lives Matter website.

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Here is the employee chart for ActBlue Charities— the company that receives every dollar raised via the Black Lives Matter website. The entire company is comprised of white left-wing political activists who you can research. They also run the ACTBLUE superpac. pic.twitter.com/v2jbFj4Y51 — Candace Owens (@RealCandaceO) June 11, 2020 Wow this video is really important … Read more

[California Public Utilities Commission] Officially ruled Uber and Lyft drivers are classified as employees and must provide workers’ compensatio by July 1st. If they don’t comply, it could revoke their operating authority under state law.

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by jonbonejones Things just got very seriously bad for Uber and Lyft …. ​ https://finance.yahoo.com/news/california-regulator-uber-lyft-drivers-employees-044824014.html ​ Uber and Lyft drivers are classified as employees, the California Public Utilities Commission has officially ruled. The regulator, which oversees ride-hailing companies, declared its decision in an order published on Tuesday. It said “a person providing labor or services for remuneration shall be … Read more

[DD] PG&E Exiting Bankruptcy in Days

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by karmalizing Where am I putting my AVCT money from my last DD? PCG. Backstory PG&E went into bankruptcy in 2018 after being held liable for two massive wildfires in Northern California. They are coming out of Bankruptcy this week, after the deal has been signed-off on by the Governor, 5/5 Regulators, and 88% of … Read more

The unemployment rate has far to fall, while the stock market is near its February peak. Could we see the economy improve while stocks are weak?

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by UPFINA The level of speculation from retail traders has reached unreal levels. On Twitter we polled our followers asking if they know someone who just started trading this year and has done very well. 52.6% of the 76 respondents said they do know someone like that. Anecdotally, this expansive level of speculation seems to have … Read more