Greed is through the roof.

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by jbray1 19 stocks in the S&P 1500 were up over 30% TODAY. — Bespoke (@bespokeinvest) June 5, 2020 https://t.co/vGOYWEqN3I — M/1_LP (@MI_Investments) June 5, 2020 Hello rational traders let the Robinhood rub your nose into it https://t.co/9udoI8qeIv — Sunchartist (@sunchartist) June 5, 2020 This is funny. https://t.co/eNIfIyHKPg — Guy LeBas (@lebas_janney) June 5, 2020 … Read more

The Federal Reserve’s Balance Sheet changes as of June 3, 2020

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https://www.federalreserve.gov/releases/h41/current/ Scroll down to 4. Consolidated Statement of Condition of All Federal Reserve Banks The takeaways are the following: The fed bought $24B in US treasury securities over the last week. The total amount of treasuries in the balance sheet stands at $5.9T No change in the amount of commercial paper. The total amount of … Read more

The Economic Pain That the Unemployment Rate Leaves Out (27% Adjusted Unemployment Rate)… American Business bankruptcies Rose 48 Percent in May

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https://www.nytimes.com/interactive/2020/06/05/upshot/what-the-pandemic-unemployment-rate-leaves-out.html The Department of Labor announced Friday that with a “limited resumption of economic activity,” 13.3 percent of Americans were unemployed in May. Though still high by historical standards, that’s down from 14.7 percent in April, and a pleasant surprise to many economists, who were expecting a figure closer to 20 percent. But this statistic … Read more

“Pent-Up Demand” Won’t Save Us from Economic Destruction: Mises

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via mises In responding to the coronavirus threat, governments around the world have committed themselves to a series of harmful and largely unnecessary policies which are likely to plunge the world into a prolonged economic depression. In the UK, the effect of our lockdown has been severe, with thousands of businesses, millions of jobs, and billions in … Read more

American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression. There’s still one place to go — gold.

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BY JAMES RICKARDS American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression. Other than that, everything’s fine. People often ask me when things will “get back to normal.” Well, the answer could be never (or at least not for a long time). Germany was not “normal” from 1914–54, for example. … Read more

$100k in a month!

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by mingomangos 21 year old child that grew up with little monies. This money means nothing too me and i will be buying a house for my family. Plays have been on paypal, visa, mastercard, spy, airlines, box, and facebook. View post on imgur.com Getting a lot of comments about getting out now so heres … Read more

Boeing YOLO up 7.7x (60k -> 463k)

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by bmexgainporntaway View post on imgur.com It’s not like I’m smart enough to daytrade this so I’m here pumping my bags instead. 100% unrealised, I will post gain/loss porn in a few weeks time. edit: ok 635k NLV now, this is nuts even for bitcoin standards, taking a small chunk off. View post on imgur.com … Read more

CBOE Equity Put/Call Ratio is reaching an extreme. Bankrupt Hertz stock now trading above where it was prior to filing for bankruptcy…

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CBOE Equity Put/Call Ratio is reaching an extreme. pic.twitter.com/mb4LVSiX2K — Mike Shell | Asymmetry® (@MikeWShell) June 5, 2020 $HTZ now trading above where it was prior to filing for bankruptcy… pic.twitter.com/R1NY7bYB0h — TC (@TESLAcharts) June 5, 2020 Hertz bankruptcy is CANCELLED by robinhood “investors” Headline bullet points: Since filing for bankruptcy in late May, Hertz … Read more

How Many Rabbits Can The Fed Pull Out Of The Hat?

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The Federal Reserve has been increasing the supply of dollars at levels not seen in at least 40 years. Even the money pump during the 2008 financial crisis pales in comparison to today’s central bank counterfeiting. Just as the lockdowns will produce tremendous ongoing problems, the Fed’s reckless money-printing is setting in motion an economic … Read more

Today’s Job report is BS. Many unprocessed unemployment files not taken into account.

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$$ Market talk — BLS reported May 16th when survey was underway that 29,965,415 Americans were receiving unemployment insurance but the survey only counted 20,985,000 as unemployed leaving an unexplained gap of 8,980,415.Including those the unemployment rate stands at 19%. — Gregor Peter (@L0gg0l) June 5, 2020 always read the fine print https://t.co/dB8wgqOoEq — . … Read more

Civil Unrest Ignites on Schedule

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by Martin Armstrong (picture from Paris protest, credit Michel Euler/AP) George Floyd’s death has sparked civil unrest throughout the world. In Athens, Greece, protestors flung firebombs at the US embassy. In France, President Macron urged citizens not to compare France with the US as he does not feel police brutality, racism, or government control is … Read more

NYC Mayor de Blasio drowned out by boos, faces calls to resign, at George Floyd memorial

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New York City Mayor Bill de Blasio was drowned out by booing at a memorial for George Floyd in Brooklyn on Thursday, as the preacher who introduced him pleaded with attendees to show “respect.” “Let us welcome with respect the mayor of New York City, Mayor Bill de Blasio and first lady Chirlane McCray,” Rev. Kevin McCall said. Loud … Read more

Biden Echoes Mitt Romney with Claim that 10% to 15% of Americans are Not Good People

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https://www.youtube.com/watch?v=6QhjLGB47Qw Presumptive Democratic presidential nominee former Vice President Joe Biden said most Americans are good and want to improve the country but called 10 to 15 percent of citizens “not very good people.” In a virtual town hall event broadcasted Thursday night on “The Shade Room” and moderated by actor Don Cheadle, Biden spoke about race and … Read more

“If Chairman Powell does not set expectations and boundaries, the reckless risk taking is a financial stability threat that will amplify the damage to the economy. “

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"If Chairman Powell does not set expectations and boundaries, the reckless risk taking is a financial stability threat that will amplify the damage to the economy. " via Mike O'Rourke, Chief Market Strategist of JonesTradinghttps://t.co/mKK7wuZhmx — Hedgeye (@Hedgeye) June 5, 2020 #BrokenMarkets https://t.co/0LWKua75KF — Grant Williams (@ttmygh) June 5, 2020 'To get a sense of … Read more

CNN’s Anderson Cooper Has a New Nickname for Trump but Nobody is Laughing

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https://www.youtube.com/watch?v=UH8zvzOBxTs Beth Baumann from Townhall reports, CNN’s Anderson Cooper chided President Donald Trump for acting like a “wannabe wartime president” after announcing plans to mobilize all federal resources to reestablish law and order across the country. According to Cooper, Trump is “dominating black people” and “peaceful protestors” when he talks about restoring law and order. … Read more