Protesters Showed Up In Coeur d’Alene, Idaho But The Locals Made Sure That There Would Be No Riots…

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by Michael Snyder When word started spreading that the same protesters that had just broken windows and looted stores in Spokane were going to come to Coeur d’Alene, hundreds of citizens mobilized to protect their community.  So when the protesters did show up on Monday night, they quickly discovered that a very heavily armed “welcoming … Read more

CMBS Delinquency Rate Spikes by Most on Record

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Commercial Mortgage Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make a bond interest payment today. By Wolf Richter for WOLF STREET. The delinquency rate for commercial mortgage-backed securities (CMBS) spiked from 2.29% in April to 7.15% in May by loan balance, according to Trepp today, which tracks securitized mortgages for institutional … Read more

IT’S A SET UP: POLICE ALLOW LOOTING, ARREST STORE OWNERS FOR PROTECTING THEIR PROPERTY

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by Mac Slavo of SHTFplan The United States has descended further into tyranny and the police are strengthening the ruling class’ power by using force against the wrong people.  It’s all a set up to divide and conquer. The police are allowing property destruction, but arresting store owners for protecting their own property. Donald Trump isn’t helping either. … Read more

Social Unrest Rises as Confidence Falls

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by: Clint Siegner Protests egged on by the legacy media quickly devolved into large-scale riots and looting over the weekend in more than a dozen U.S. cities. Some important institutions have betrayed the public trust, and Americans facing quarantine and staggering unemployment have arrived at the boiling point. Meanwhile, the ranks of people buying gold … Read more

Shorting Uber

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by chancellor-sutler Uber IPO’d 1 year ago for $42 a share raising $8.1bn with an initial market cap of $70bn. Today the stock trades at $34 and has a market cap of $62bn. It is trading at a 72x it’s 2-year forward P/E ratio. The notion that Uber will be profitable in 2022 at $.48 … Read more

Remember the pandemic?! Yeah. Neither do they.

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Remember the pandemic?! Yeah. Neither do they. https://t.co/NgXUWCis3n — IV (@iv_technicals) June 2, 2020 Hundreds of thousands take the streets in France in support of Black Lives Matter. They demand an end to racism, impunity, human rights abuses, and U.S. street executions of civilians. #ICantBreathe #GeorgeFloyd #BlackLivesMatter pic.twitter.com/ExVOsf2gYH — Anonymous (@YourAnonCentral) June 2, 2020 REPORTS … Read more

The Fed is creating the largest asset bubble ever.

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https://twitter.com/NorthmanTrader/status/1267835888781930498 Zombie world pic.twitter.com/yzrAZ5ytTP — Win Smart, CFA (@WinfieldSmart) June 2, 2020 HALF OF SMALL BUSINESSES CAN'T COVER EXPENSES pic.twitter.com/cfuI4yyoIJ — Win Smart, CFA (@WinfieldSmart) June 2, 2020 2020 is a weird and ugly mix of 1918, 1932, 1967, and 1999. — Morgan Housel (@morganhousel) June 2, 2020 https://twitter.com/CapitalPrivate1/status/1267819392173105153 SMDH https://t.co/5wPeAtT5SL — Dow (@mark_dow) June … Read more

Holy cow! The S&P downgrade/upgrade ratio on levered loans hit 43.2! GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge

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Holy cow ! The S&P downgrade/upgrade ratio on levered loans hit 43.2 ! That's not a %, btw. That's 43.2 downgrades for 1 upgrade 😱. The peak in the GFC was 8.4. — JohannesBorgen (@jeuasommenulle) June 2, 2020 GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge … Read more