MIC DROP: McEnany DUNKS on Liberal Hacks, Slams Obama Regime, Then Closes Her Book and Leaves the Room

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ZING! WH Spokeswoman Kayleigh McEnany DUNKS on Liberal Hacks, Slams Obama Regime, Then Closes Her Book and Leaves the Room Tuesday’s presser was like a feel-good movie ending. Some liberal hack asked Kayleigh if President Trump’s DOJ is investigating any Obama officials caught up in Obamagate scandal. Kayleigh responded to the question, dunked on the … Read more

CNN Turns to Greta as a Virus Expert?

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by Martin Armstrong It is beyond comprehension that now a 16-year-old climate activist is suddenly also a health expert. CNN cares nothing about the country, the people it continues to advocate should lose their jobs or their futures. They want to push a political agenda that will only lead to civil war. The outright civil … Read more

Job Losses Continue To Mount: Another 3 Million File INITIAL Claims for Unemployment Insurance

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(Silver Doctors Editors) Millions more have just filed for unemployment claims for the first time over the last week. Here’s the latest release, from the Department of Labor: In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week’s revised level. The previous … Read more

Buffett, Sam Zell, Druckenmiller, Chamath. None of them coming in. A liquidity trap near record valuations.

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Buffett, Sam Zell, Druckenmiller, Chamath. None of them coming in. A liquidity trap near record valuations. pic.twitter.com/WftOBPu4Yr — Otavio (Tavi) Costa (@TaviCosta) May 13, 2020 World’s Biggest Wealth Fund Faces Record $37 Billion Withdrawal – Bloomberg pic.twitter.com/CgSU6wZUgZ — Otavio (Tavi) Costa (@TaviCosta) May 12, 2020 Goldman Sachs Now Sees U.S. Jobless Rate Peaking at 25%, … Read more

Government is now directly propping up oil prices

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by imunfair I know marketwatch are permabears, but I thought this article had some interesting info I hadn’t seen before. It’s just a small buy for now, but I could see this alleviating some of the pressure on the front-month contract:   The U.S. Energy Department said Wednesday that it has released a “Request for Proposals” to … Read more

The Collapse of Main Street and Local Tax Revenues Cannot Be Reversed

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by Charles Hugh-Smith The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable. To understand the long-term consequences of the pandemic on Main Street and local tax revenues, we need to consider first and second order effects. The immediate consequences of lockdowns and changes in consumer behavior are first-order effects: closures … Read more

What Powell said About Negative Interest Rates, Their Effect on Banks, Jawboning, and Why the Fed Might Not Buy a Lot of Junk Bonds

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The reasons behind the Fed’s No-NIRP stance: It doesn’t work and kills bank stocks. One of the most revealing statements. By Wolf Richter for WOLF STREET. Over the years, the Fed has waffled on all kinds of things, from what represents “price stability” to what it will do with regards to asset purchases. But there’s one theme that … Read more

You can’t fix stupid

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by floatonadoor Only an idiot would ALWAYS back Trump, or ALWAYS disagree with Trump. This country needs free thinkers. Don’t get trapped into being worried someone will call you a hypocrite. People even change their views over time: You don’t even have to be consistent with your previous views. No be free!