Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital: “A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs”

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https://finance.yahoo.com/news/jeffrey-gundlach-sees-unemployment-wave-hitting-white-collar-jobs-224443437.html Gundlach, who runs the Los Angeles-based bond investment firm, explained that one of the outcomes of remote work is it reveals who produces and who doesn’t. “What people may have learned for white-collar services jobs, in particular, during the work-from-home lockdown situation, at least in my perspective — I’ve talked to a lot of … Read more

So we’ve seen the biggest monetary injection in US history and there will never be a need to tighten. Powell makes Yellen look like Volcker.

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https://twitter.com/jtepper2/status/1270782827760627714 The @federalreserve statement is out. Looks like the it just couldn’t resist doing more. The #Fed extended forward policy guidance (essentially zero rate) through 2022. Risk markets will like the hyper activism, serving to decouple them even more from the economy. More to follow. https://t.co/LEZIEtrICA — Mohamed A. El-Erian (@elerianm) June 10, 2020 Fed’s … Read more

BLM is a money laundering operation for the DNC

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by ratioetlogicae BLM is an international organization. They solicit tax free charitable donations via ActBlue. ActBlue then funnels billions of dollars to DNC campaigns. This is a violation of campaign finance law and allows foreign influence in American elections. When you click on the “Donate” button on blacklivesmatter.com you are sent to an “ActBlue” donations page. ActBlue claims … Read more

BIG TECH GETS BIGGER: NASDAQ NEW RECORD HIGH… AMAZONFACEBOOKGOOGLE Push Back Antitrust Regulators

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S&P 500 and Dow fall, but Nasdaq set to close above 10,000 for the first time The S&P 500 and Dow Jones Industrial Average fell for a second straight day on Wednesday as traders once again took profits out of names benefiting from the economy reopening and rotated into mega-cap tech stocks. The S&P 500 traded 0.4% lower while … Read more

Welcome to America’s Cultural Revolution. Even in the opinion section, only approved thought is permitted.

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via nationalreview The Times can claim that a harsh tone and a small factual error in Senator Tom Cotton’s recent op-ed was the reason the entire paper had a meltdown, but the staffers who revolted initially claimed that Cotton’s argument for bringing the National Guard into cities put black lives in “danger.” Cotton’s critics are correct … Read more

READY FOR PART 3? It’s the COLLAPSE Of the BANKING SECTOR

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by Head2Bunker They’re warning us. 1) Plandemic (won’t get into it, we all know…crippled the financial system among other things) 2) Riots- also ties in economically among other things 3) Bank Collapses- Bank Holiday-coming soon 4) Eventually dollar collapse but that comes later Here’s the article from The Atlantic: The Looming Bank Collapse The U.S. financial … Read more

Is this the fastest zero to starving speed record commies have ever achieved?

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HEH: Plus: Also heh. UPDATE: From the comments: “I’m liking our chances if this turns into civil war. We cut off their soy supply lines and force an early surrender.” Plus: “I knew there were riots, but I didn’t know they were LAUGH riots!” Area leftists declare themselves autonomous, immediately beg for international aid. pic.twitter.com/toxVnOdMP5 … Read more