All This Talk Of Recovery And The Economy Hasn’t Even Finished Collapsing (Or, Retail Sales Crash By Most Ever, Again)

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(by Half Dollar) Another day, and it’s another day for the record books. Of course, all of the record breaking of late has been bad news, but they are records none the less. Today’s record comes in the form of Retail Sales, which broke the previous record that was set just last month! Here’s a look … Read more

Now China Wants to Buy Greenland?

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We have entered into some trippy timeline… QUOTE China’s envoy to Denmark has penned a harsh rebuttal to his American counterpart, who accused Beijing of seeking to impose “authoritarian values” on Greenland – in stark contrast to an honest US offer to outright buy the island. The envoy, Feng Tie, hit out at Washington’s Ambassador … Read more

Equities will be in true rally/recovery mode when financials begin to outperform the broad market. Still seeing lower lows. We’re not there yet.

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Equities will be in true rally/recovery mode when financials begin to outperform the broad market. Still seeing lower lows. We're not there yet. pic.twitter.com/xbhFvu98xU — IceCap (@IceCapGlobal) May 15, 2020 The #Fed's #BalanceSheet hit another record high, but the pace of expansion has sharply slowed pic.twitter.com/4ahWc8y5Kw — Kathy Jones (@KathyJones) May 15, 2020 This is … Read more

Fed Forced Into Record Spending by the Threat of Another Great Depression… Rickards: Don’t Believe the Happy Talk

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Pandemic Bills Are So Big That Only Money-Printing Can Pay Them (Bloomberg) — Forced into record spending by the threat of another Great Depression, policy makers are blurring the lines between borrowing the money they need and simply creating it.Most modern economies have tried to keep the two activities as separate as possible. The typical … Read more

The sun has entered a ‘lockdown’ period, which could cause freezing weather, famine

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Our sun has gone into lockdown, which could cause freezing weather, earthquakes and famine, scientists say. The sun is currently in a period of “solar minimum,” meaning activity on its surface has fallen dramatically. Experts believe we are about to enter the deepest period of sunshine “recession” ever recorded as sunspots have virtually disappeared. “Sunspot … Read more

MASSACHUSETTS: “Of the 5,141 virus deaths in Massachusetts, 3,095 have occurred in the state’s nursing homes — more than 60%, double the percentage even in New York.”

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Yet Gov. Charlie Baker, the scold and scourge of all golf carts, gun shops, nail salons and churches, none of which have recorded any fatalities, seems strangely oblivious to the ever-escalating toll in the state’s “long-term care facilities,” which are both heavily regulated and subsidized by the commonwealth. Ditto, the Legislature, where no one seems … Read more

TO BE FAIR, THIS WAS ALWAYS THE PLAN: Baltimore Restaurant Owner Can’t Get Employees to Return Because They Make More in Unemployment.

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A restaurant owner said Tuesday that she can’t get employees to return to work because they make more in unemployment benefits than in working for her business. Melony Wagner, who owns Charles Village Pub in Towson, said her employees would prefer to continue collecting unemployment than come to work as they make more money staying … Read more

ALL THEIR ATTITUDES ARE SITUATIONAL:

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RealClearInvestigations: Investigative Issues: Situational Media Attitudes Toward ‘Unmaskings.’ This week’s news that at least 39 Obama officials had unmasked Lt. Gen. Michael Flynn’s private conversations during the last month of their administration seemed a little shocking. Today, major media outlets are telling  readers and viewers that the practice is “routine.” A CNN headline told readers, “Trump pushes ‘Obamagate’ … Read more

Mark Cuban discusses his concerns for the economy, the ‘overvalued’ stock market and the future of the NBA

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CNBC, Released on 5/14/20 Mark Cuban, Dallas Mavericks Owner, joins “Closing Bell” to discuss the state of the markets/economy and when the NBA might resume play. Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association’s Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman … Read more

IT’S EASY TO TELL WHO’S ON CHINA’S PAYROLL, OR AT LEAST ON CHINA’S TEAM.

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https://twitter.com/JerryDunleavy/status/1260702550761844743 CHINA IS ASSHOLE: Chinese State Media Warn Country Will Interfere in U.S. Election. China is threatening to meddle in the upcoming U.S. presidential election as retribution for a flurry of American lawsuits seeking to hold Beijing accountable for the spread of the coronavirus. The Communist Party “won’t just strike back symbolically, but will impose countermeasures … Read more