New signs that coronavirus restrictions are here for the long haul in California

by

SACRAMENTO —  Even as officials laid out more tentative plans to reopen California’s battered economy, there were growing signs Tuesday that life would not be getting back to normal any time soon. The 23-campus California State University system plans to all but cancel in-person classes in the fall and instead will offer instruction primarily online, with some limited exceptions that … Read more

People need to be jailed for this kind of thing.

by

TARGETED: EXCLUSIVE: The Treasury Department Spied on Flynn, Manafort, and the Trump Family, Says Whistleblower. President Barack Obama’s Treasury Department regularly surveilled retired Army Lt. Gen. Michael T. Flynn’s financial records and transactions beginning in December 2015 and well into 2017, before, during and after when he served at the White House as President Donald Trump’s … Read more

The mask is for show?

by

HEY, JOURNALISTS: IF YOU DON’T WANT PEOPLE TO THINK OF YOU AS GARBAGE, TRY NOT BEING GARBAGE. Surprise: The Mask-Shamers in White House Press Corps Turn Out to Be Hypocrites. Plus, a Karen named Kaitlan. Reporters have focused like laser-beams on the Trump administration’s mask-wearing habits. Turns out some of those same reporters don’t practice what they … Read more

Trump: We have a lot of information on Wuhan lab and it’s not good

by

During an interview broadcast on Friday’s edition of the Fox Business Network’s “WSJ at Large,” White House Trade Adviser Peter Navarro stated that China deliberately allowed the coronavirus to spread to the rest of the world and that the virus https://www.breitbart.com/clips/2020/05/17/navarro-china-deliberately-allowed-coronavirus-to-spread-outside-its-borders/ YOU DON’T SAY: China’s aggressive approach to coronavirus criticism ‘not working.’ It was a huge … Read more

“When economy is strong, unemployment is low, when economic activity is high that’s when you deal with the debt problem” … WTF have u been doing for the past 5 years

by

Jerome Powell, Chairman of the Federal Reserve, says the trillions of dollars in additional federal debt to support the U.S. economy during coronavirus could be paid down over decades. https://t.co/sYXgPHmdSG pic.twitter.com/0ZIeJhXjDC — 60 Minutes (@60Minutes) May 17, 2020  

In MAR 2010, Ben Bernanke said the Fed would get its balance sheet back under $1-trillion. Jim Bullard said the Fed’s post-08 policies were temporary. Janet Yellen said the Fed reducing its balance sheet would be like watching pain dry. This will prove no different.

by

In MAR 2010, Ben Bernanke said the Fed would get its balance sheet back under $1-trillion. Jim Bullard said the Fed's post-08 policies were temporary. Janet Yellen said the Fed reducing its balance sheet would be like watching pain dry. This will prove no different. pic.twitter.com/jGuxa9oEcT — Peter Schmidt (The 92ers) (@The92ers) May 18, 2020

U.S. Shale Could Crush The Oil Market Recovery

by

By Haley Zaremba Oil markets have taken a beating around the globe, but nowhere has the pummeling been worse than in the United States shale patch, where the oil price crash plunged the West Texas Intermediate crude benchmark to nearly $40 below zero per barrel last month in a historic rock bottom moment. The oil … Read more

BOOM: President Trump UNLOADS on Obama

by

BOOM! President Trump UNLOADS on Obama: “These People Should Be Going to Jail… He Knew Everything… These People Are Corrupt!” President Trump sat down with FBN’s Maria Bartiromo last week. The explosive interview was aired on Sunday Morning Futures today. President Trump UNLOADED on President Obama and Vice President Biden for spying on his campaign … Read more

Why Assets Will Crash

by

by Charles Hugh Smith The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% can afford to buy assets, that unleashes an almost karmic payback for the narrowing of ownership, a.k.a. soaring wealth and income inequality: assets crash. Most of you are aware that the bottom … Read more