CHINA will ACT AGAINST FOREIGN INTERFERENCE over Hong Kong security law – Foreign Ministry

by

China will take necessary countermeasures to combat foreign interference amid deliberations over the new Hong Kong security legislation, the Foreign Ministry in Beijing said on Wednesday. Ministry spokesman Zhao Lijian made the remarks in response to a question about US President Donald Trump’s comments on Tuesday that Washington is working on a strong response to … Read more

New Zealand Reserve Bank: Unemployment could rise to 18 per cent, house prices could HALVE, and the viability of the banks could be “called into question” if the coronavirus prompted a further period of economic lockdowns

by

Unemployment could rise to 18 per cent, house prices could halve, and the viability of the banks could be “called into question” if the coronavirus prompted a further period of economic lockdowns, the Reserve Bank has warned. The Reserve Bank said in the central bank’s annual report on financial stability published on Wednesday that banks … Read more

This is a fascinating read, and Communist China’s similar propaganda effort on the Wuhan Virus just goes to show that commies never change.

by

HISTORY: Lessons From Operation ‘Denver,’ the KGB’s Massive AIDS Disinformation Campaign. “Historian Douglas Selvage sheds light on a conspiracy theory that reverberates to this day.” In September 1985, the Soviet State Security Committee (KGB) informed other Warsaw Pact foreign intelligence agencies that it had launched a new, major disinformation campaign. “We are carrying out a complex of … Read more

California Democrats are poised to throw away a lot of Asian American votes.

by

MIKE GONZALEZ:  Why Fomenting Identity Politics Matters More to Democrats than Asian Americans. California’s legislature is trying, yet again, to bring back racial preferences in college admissions. Never mind that its residents overwhelmingly approved a ban against such discrimination in a referendum. If lawmakers succeed, they will penalize Chinese Americans, a growing force in the … Read more

As BofA Global Research put it this morning: “Hoping that either fundamentals will improve at record speed, or that they simply don’t matter is a real risk, given markets’ inability to decouple from recessions in the last 90 years.”

by

As BofA Global Research put it this morning: "Hoping that either fundamentals will improve at record speed, or that they simply don't matter is a real risk, given markets' inability to decouple from recessions in the last 90 years." — Lisa Abramowicz (@lisaabramowicz1) May 27, 2020 pic.twitter.com/KjmW8mQgSG — M/1_LP (@MI_Investments) May 27, 2020 S&P tested … Read more

Fed’s Bullard Warns Prolonged Coronavirus Lockdown Could Trigger a Depression

by

Watch the latest video at foxnews.com via foxbusiness: A prolonged shutdown of the U.S. economy could trigger a second Great Depression, according to St. Louis Federal Reserve Bank President James Bullard, who said the nation needs to adapt to the new risk in the era of the coronavirus pandemic. “What you’re risking here is that this morphs into … Read more

This is it. It’s happening. Yuan drop steepens amid speculation #China is allowing depreciation in new cold war between US and the middle kingdom.

by

This is it. It’s happening. https://t.co/pi1rsDiVF2 — Otavio (Tavi) Costa (@TaviCosta) May 27, 2020 Oops! Yuan drop steepens amid speculation #China is allowing depreciation in new cold war between US and the middle kingdom. https://t.co/bdmgUHvugC HT @OlafGersemann pic.twitter.com/e4INkVwGHA — Holger Zschaepitz (@Schuldensuehner) May 27, 2020 China industrial profits in April show that the recovery is … Read more

Boredom Markets Hypothesis – Idle Retail Investor Driving up Stock Price

by

by reddit_user456 Saw this article from Matt Levine’s newsletter today: https://www.bloomberg.com/news/articles/2020-05-22/options-are-now-all-the-rage-for-bored-day-traders-locked-inside?sref=1kJVNqnU Boredom Markets Hypothesis is this idea that: people will do more trading (1) if trading is entertaining and (2) if other things are less entertaining The article above discusses the phenomenon that, because of free time from self-isolation and limited form of alternative entertainment, retail … Read more

Fresh liquidity injection… Just crashing economy in a longer term but bought a moment. Nice one.

by

Fresh liquidity injection… Just crashing economy in a longer term but bought a moment. Nice one. https://t.co/KxF8oyd7Oh — GregTheAnalyst (@Analyst_G) May 27, 2020 A dead-end road. Since August 2019: – US public debt rose by $3.3T– Fed printed $3.3T– Government Debt to GDP surged to 120% Buy gold. pic.twitter.com/TgE5g6dcBB — Otavio (Tavi) Costa (@TaviCosta) May … Read more

Black Death 2.0? CDC warns about “aggressive” rats as coronavirus shuts down restaurants.

by

The city of New Orleans has seen a surge in coronavirus cases, quickly straining hospital staff and resources that were not ready for the spike. However, the precautions put in place to slow the virus’ spread have inadvertently led to a new problem: with no food littering alleyways from people visiting the city’s many restaurants, … Read more