El-Erian Says Talk of Yield-Curve Control, Negative Rates Is ‘Sobering’

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Bloomberg, Released on 5/29/20 Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, says talk of more unconventional monetary policies makes central banks feel forced to do more. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of … Read more

“DC is starved for cash and figures drivers are an easy target. You have to try hard to keep your car from going over 20 miles an hour.”

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NEW SPEED LIMIT TURNS DC INTO GIANT SCHOOL ZONE: Cash-starved DC has come up with another boneheaded revenue scheme — set the city speed limit to 20 miles per hour. Which is practically cruising speed. The new law takes effect June 1. 7/ The new speed limit will go into effect this Monday, June 1st. … Read more

The “made in China 2025” initiative is dead in the water

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by NineteenEighty9 For those unaware, the made in China 2025 initiative was initially designed to facilitate china’s rapid rise through the value chain and away from low cost manufacturing toward more high tech industries of the future. China aims to move away from being the “world’s factory” (producing cheap, low-quality goods due to lower labour costs and … Read more

Powell says Fed policies ‘absolutely’ don’t add to inequality… Food prices see historic jump; Likely to stay high

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(Bloomberg) — Federal Reserve Chairman Jerome Powell cast the central bank’s actions during the coronavirus crisis as aimed squarely at helping U.S. workers, a tactic to head off criticism which has dogged it since the last recession: that its policies primarily serve Wall Street and wealthier Americans. The Fed’s flurry of emergency lending since mid-March … Read more

The US/China conflict is likely to escalate in the future. This is not a fight between equals as is often portrayed in the media.

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by NineteenEighty9 I want to preface this by saying: I support free markets, free speech and democracy. The PRC/CCP lacks the legitimacy of its people and represents the greatest threat to personal freedoms and individual liberties around the world since the USSR. As with all totalitarian regimes it is deeply insecure, vindictive, coercive, and values … Read more

DOG WHISTLES THAT DIDN’T BARK:

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● Biden fails to condemn rioting in remarks on Minneapolis. ● Missed it by This Much: Obama’s statement on death of George Floyd leaves out something pretty freakin’ important. ● Minneapolis mayor urges protesters to wear masks and practice social distancing. ● Trevor Noah Defends Looting: ‘Police in America Are Looting Black Bodies.’ In sharp contrast: Atlanta Mayor Keisha … Read more

“WE CANNOT ARREST PEOPLE WHEN WE’RE TRYING TO HOLD GROUND BECAUSE OF THE SHEER SIZE, THE DYNAMICS AND THE WANTON VIOLENCE THAT’S COMING OUT THERE.”

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via althouse “There’s simply more of them than us,” said Minnesota Governor Tim Walz, quoted in “George Floyd Updates: ‘Absolute Chaos’ in Minneapolis as Protests Grow Across U.S.” (NYT). Gunshots rang out near a different police precinct and flames streamed from businesses over several city blocks — a gas station, a post office, a bank, a restaurant — … Read more

Over 9 MILLION US Families Fear They Can’t Afford Food Next Month: Census Survey

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Authored by Julia Conley via CommonDreams.org, A poll released by the U.S. Census Bureau this week revealed that at least nine million American households that include children are unsure whether they’ll be able to access enough food in the next four weeks and millions more are experiencing housing insecurity during the coronavirus pandemic. The bureau’s weekly Household Pulse Survey, taken between … Read more

Just like that, social distancing is over

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by DCG Back in March our country and economy was shut down due to China’s Wuhan virus. We were told to stay at home – unless you were deemed essential – and practice social distancing in order to save lives. Because of this, unemployment rose dramatically as did crime and suicides. Millions of people isolated and … Read more

These are “Organized Groups” that have nothing to do with George Floyd. Sad!

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https://twitter.com/realDonaldTrump/status/1266731291917062145 The professionally managed so-called “protesters” at the White House had little to do with the memory of George Floyd. They were just there to cause trouble. The @SecretService handled them easily. Tonight, I understand, is MAGA NIGHT AT THE WHITE HOUSE??? — Donald J. Trump (@realDonaldTrump) May 30, 2020

VIDEO: Looter Dies Trying to Rob FedEx Semi Truck

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VIDEO: Looter Dies Trying to Rob FedEx Semi Truck https://twitter.com/Stavillion/status/1266666255924125696 https://twitter.com/clarkmcgwire/status/1266642543128666112 NOTE: Not my claim. ***UPDATE #1*** Happened in St. Louis. The video captured protesters banging on the FedEx truck, urging the driver to back up. A man, who was seen standing between the truck’s two trailers, was dragged by the semi truck just moments … Read more