Beijing squeezes, and HSBC knows where it makes most of its money. Standard Chartered, another UK bank, did the same.

by

By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC threw its full weight behind China’s imposition of security legislation on Hong Kong, arguing that the new law will help bring much-needed political stability and economic growth and development to the city. The bank’s kowtowing to Beijing is the inevitable culmination of the UK-based lender’s multiyear Asian … Read more

Italian trader loses his ‘entire life savings’ on one insanely risky position

by

https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03 This year’s been a real grind for Luckin Coffee LK, investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. So … Read more

RUSH: The best way to understand what’s happening in America today is to go out and learn about the Chinese Cultural Revolution.

by

via rushlimbaugh RUSH: I’ve got a piece I just want to give you a heads-up on at The Federalist. It’s by John Daniel Davidson. “The Struggle Sessions Are Here, And They’re Not Going Away.” And the best way to understand what’s happening in America today is to go out and learn about the Chinese Cultural Revolution. That … Read more

Almost 2 Million File INITIAL Unemployment Claims This Week While MILLIONS Still Wait To Receive Their Very First Check

by

(by Half Dollar) The Weekly Unemployment Insurance Claims Report has just been released from the Department of Labor. Almost 2 million more people filed initial unemployment claims over the last week: In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week’s revised level. … Read more

We COMPARED Barack Obama vs. Trump Response on George Floyd Protesters and Found the TRUE Leader

by

https://www.youtube.com/watch?v=p0LqsxFiA_I Bryan Robinson from FOX News reports, Former President Barack Obama, in a virtual town hall hosted by his foundation Wednesday, called on demonstrators to channel their anger over George Floyd’s death into an opportunity to make leaders “uncomfortable” and pressure them into making real policy changes. Read More/Source/Credit/FairUse: https://www.foxnews.com/politics/obam…

WP just got caught…These are two screenshots taken two days apart. They’ve added 5 ‘black‘ to the total unarmed shot by police in 2019 data. This is MSM manipulation.

by

by TiredOfThis This is a link to their database query tool. They changed this in two days and added 5 more. I’m sure they were upset by the optics of their only being 9 unarmed black men killed by police in 2019. https://www.washingtonpost.com/graphics/2019/national/police-shootings-2019/    

Plain and Simple: THIS IS A COUP ATTEMPT

by

Coup Phases: 1- Attack & Weaken Economy; 2- Create riots, chaos; 3- Neutralize local Sheriff & Police Forces; 4-Recruit Military Generals; 5- Bring back old faces & prop them up as coup leaders; 6- Takeover   Coup Phases: 1- Attack & Weaken Economy; 2- Create riots, chaos; 3- Neutralize local Sheriff & Police Forces; 4-Recruit … Read more

BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses; It’s Also the Sole Manager for $335 Billion of Federal Employees’ Retirement Funds

by

by accountaccumulator Tucker Carlson correctly described what we’re seeing as a class war disguised as a race war. The latest example of this comes courtesy of BlackRock, which has been selected in several no-bid contracts to be the sole buyer of corporate bonds and corporate bond ETFs for the Fed’s $750 billion corporate bond buying program. … Read more

Outlook For Oil Remains Grim Despite 90% Rally

by

By Irina Slav WTI rose almost 90 percent last month, which is the strongest monthly increase in the U.S. benchmark price ever recorded. Naturally, the news has been cause for joy among those rooting for higher oil prices. But should it? It is true that demand for oil is improving, slowly, but improving after lockdowns started being … Read more