[DS] Event Has Failed, People See The Truth, The People Are Ready

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https://www.youtube.com/watch?v=f_0o40NNNMI The [DS]/MSM event has now failed, more states, businesses are opening up, the cases are declining, deaths are declining, the experts were wrong. The people see the truth now, people are realizing that there is nothing to be afraid of, the see who is responsible, they see the tyrants/dictators.  The [DS]/MSM are now pushing … Read more

Why Stocks Are Up But The Economy’s Down

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by ConfidenceFairy Compare these two indexes that track the same index. One uses market cap, the other is equally weighted. S&P 500 -8.52% YTD S&P 500 Equal Weight Index (EWI) -16.68% YTD Summary: Composition of stocks market changed after initial market drop. Those companies that do well in pandemic are already large and move the whole (market … Read more

This is Swiss National Bank holdings. What’s not to like? Print and buy! Stock Market bubble? You bet!!

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If you got a Central Bank and can print your own money – you simply print fiat currencies, and buy shares in real companies. This is Swiss National Bank holdings. What's not to like? Print and buy! Stock Market bubble? You bet!! pic.twitter.com/0lC4wiCDRG — Henrik Zeberg (@HenrikZeberg) May 24, 2020 #Winning https://t.co/P2y6O1IiQX — Danielle DiMartino … Read more

Central Banks Are Destroying What Was Left Of Free Markets

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Authored by Alasdair Macleod via The Mises Institute, President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government, and I’m here to help.” Governments in all the major jurisdictions are now making good on that unwanted promise and are taking responsibility for everything from our shoulders. Those receiving … Read more

5,000 Chinese troops now occupy Indian territory

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“For the first time since the Kargil intrusions of 1999, Indian territory is in the hands of foreign soldiers. Starting in the third week of April, more than 5,000 Chinese soldiers of the People’s Liberation Army (PLA) have intruded into five points in Ladakh” https://twitter.com/shashj/status/1264161428455514112   AC

Americans households are about to get hit by a devastating wave of bankruptcies

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Unemployment is soaring due to the coronavirus pandemic and a wave of consumer bankruptcies is almost guaranteed to follow. But there are ways that lenders and Congress can help lessen the pain from this bankruptcy wave. Sushrut Jain is an economist at Edgeworth Analytics. Dr. George Korenko is an economic expert witness at Edgeworth Analytics. … Read more

Commercial Tenant Defaults start Rolling In — Structured Products and Collateral Pain To Follow

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(bloomberg) Retail landlords are sending out thousands of default notices to tenants, a situation that could tip already-ailing retailers into bankruptcy or total collapse. Department stores, restaurants, apparel merchants and specialty chains have been getting the notices as property owners who’ve gone unpaid for as long as three months lose patience, according to people with … Read more

There’s going to be a massive default of CLOs over the summer.

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by CPAyeLmao I think there’s a solid chance that many collateralized loan obligations (CLOs) will default in the coming months. If you don’t know what CLOs are, here’s a good article describing them and why they’re a problem; but essentially they’re a pool of corporate loans, usually of low quality – think Hertz who, by the way, issued $900m worth of … Read more

Next Week’s Financial Calendar

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by UAoverAU Eastern times. TUESDAY, MAY 26 8:30 am Chicago Fed national activity index for April (March -4.19) 9 am Case-Shiller home price index for March (Feb. 4.2%) 9 am FHFA home price index for March (Feb. 5.8%) 10 am Consumer confidence index for May (April 86.9) 10 am New home sales for April (March 627,000) WEDNESDAY, MAY 27 … Read more

Coming very soon: a major European banking crisis.

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by mark000 Few mainstream commentators understand the seriousness of the economic and monetary situation, from a V-shaped rapid return to normality towards a more prolonged recovery phase. The fact that a liquidity crisis developed in US money markets five months before the virus hit America has been forgotten. Only a rising gold price stands testament to … Read more

Amazon is pissed at Joe Biden: “We pay every cent owed. You spent 3 decades in the Senate & know that Congress wrote these tax laws to encourage companies to invest in the US economy. We have. 500k jobs w/ a min wage of $15/hr across 40 states. Assume your complaint is w/ the tax code, not Amazon.”

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Most leftists don’t understand economics. Even smart ones will pretend not to understand. They act like there is a magical source of money and goods that always produces regardless of human input, and the people that are rich and successful have simply blocked the rest of us from getting our share from the magical source. … Read more

The reason why Judge Emmet Sullivan Hires “High-Powered” DC Lawyer to Represent His Interests in Flynn Case…

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by sundance The Washington Post headline reads (emphasis mine): “Federal judge hires high-powered D.C. attorney to defend his actions in Flynn case.” Which gives some insight into the framework and purpose of this event, and how it reached the WaPo narrative engineers. The Washington Post is, as an institution, adverse to the interests of Michael Flynn.  So this story, specifically … Read more