By Wolf Richter for WOLF STREET. Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the National Association of … Read more
by Michael Snyder It is heartbreaking to watch the violence that is taking place on the streets of Minneapolis. I have quite a few relatives that live in the Twin Cities area, and I have been there many times. In the old days it always felt so peaceful, but not anymore. The tragic death of … Read more
https://www.youtube.com/watch?v=7fDFQ7d4PUc The [DS]/MSM are using masks to keep the fear and chaos of the event, this is already failing. According the experts the masks do not really do anything. Trump signals that Huber is about to enter the ring, the [DS] is panicking, they are going to push multiple events to clog the news cycles … Read more
By Alex Kimani It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s negative trade zone visited on April 20. There’s real optimism in the air with the formidable headwinds of a massive supply glut … Read more
by Martin Armstrong China Proposes A Law Allowing Citizens To Sue US For Starting Coronavirus Pandemic which is entirely understandable after the US Congress proposed Americans can sue China in US courts for the same reason. So lawsuits will be filed, each country will decide against the other, and the people will be entitled to confiscate each … Read more
By Matt from Silver Fortune via Silver Fortune Thanks retail investors and the Fed…
By Jon LeSage Hydrogen might have a way to break through one of the barriers that keeps it from reaching mass-scale adoption for fuel cell electric cars and trucks. French fuel company Air Liquide just released a new product in the US that can make hydrogen competitive with the average gasoline and diesel fuel station. Its high capacity of … Read more
via rushlimbaugh RUSH: Mark Zuckerberg of Facebook was on Fox yesterday afternoon. He was on the Dana Perino show, and he said that he disagreed with Twitter fact-checking President Trump. He said, “We have a different policy, I think, than Twitter on this. So I just believe strongly Facebook should not be the arbiter of truth … Read more
WATCH: Armed citizens are attempting to stop looters in Minneapolis “Before there were cops, there were just Americans. So, here we are.” “Justice for Floyd but we don’t support looting…” https://twitter.com/Breaking911/status/1265839057994764288 AC
Police Chief Medaria Arradondo says many of the people who looted businesses and set fires amid the peaceful protests of George Floyd’s death Wednesday night are not believed to be from Minneapolis. https://www.fox9.com/video/688884
https://twitter.com/Techs_Global/status/1266048279315451905 BLACKROCK'S LARRY FINK SAYS MARKETS ARE ASSUMING A LOT OF GOOD NEWS AT THIS MOMENT — *Walter Bloomberg (@DeItaone) May 27, 2020 https://twitter.com/MacroTechnicals/status/1266049478076874753 #recession … US #Corporate #Earnings edition https://t.co/msy2bFPLoL — Invariant Perspective (@InvariantPersp1) May 28, 2020 Investors’ appetite for junk bonds is growing as retail funds are expected to add about $6 billion … Read more
by Shaun Richards Today I thought I would take a slightly different tack and look at a potential shift in world financial markets. It concerns a place that for many years has had an economic party based on “location, location, location” as Hong Kong has been a sort of add-on to China. We have previously … Read more
By Tsvetana Paraskova Russia’s government approved on Tuesday a plan to have new oil wells drilled this year and next for 2022 production, the office of First Deputy Prime Minister Andrey Belousov said in a statement. A Russian government commission backs the proposals of the energy and finance ministries to create a ‘fund of uncompleted wells’ with … Read more
Thank goodness for adult diapers Joe “rip it” Biden shat his pants. He’s OK as he was wearing depends. h/t QuantumLove
Krystal and Saagar discuss Tucker Carlson’s call to defeat nine GOP Senators who demand foreign labor amid jobs crisis.
Beijing has removed two keys words from an annual government report. And it could spell trouble for tens of millions of citizens. Beijing has removed references to “peaceful reunification” with Taiwan from its annual work report, signalling the country will take a stronger stance against the island territory. The past six work reports since President … Read more
Indian media says thousands of Chinese troops are believed to be inside the Indian territory along the de facto border. On May 5, a scuffle broke out between Indian and Chinese troops at the Pangong Tso lake, located 14,000 feet (4,270 metres) above the sea level in the Himalayan region of Ladakh. A video shot … Read more
Via International Man International Man: The government’s reaction to the global pandemic has led to an unprecedented economic, political, and social decline. Can you talk about the financial risks you see unfolding in the months ahead? Are we headed for a debt crisis? Doug Casey: It’s not just a crisis. It’s a depression, and it’s … Read more
