US v. Flynn — DC Court of Appeals orders Judge Sullivan to respond to Flynn’s Petition for Writ of Mandamus

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by ratioetlogicae   On May 21, 2020, the Court of Appeals for the DC Circuit Court of Appeals issued an extraordinary order — on its own motion — directing Judge Sullivan himself to file a response to the Petition for Writ of Mandamus filed by Gen. Flynn earlier this week. In Flynn’s Petition for Writ of Mandamus, he is … Read more

WORSE THAN THEY’RE LETTING ON, WHICH MEANS PRETTY BAD IN LIGHT OF THIS: How Bad Are China’s Economic Woes?

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While economists say China’s economic data can’t always be trusted, they now have a new dilemma – there is no data. On Friday, China said it wouldn’t be setting a target for economic growth for this year. That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990. Abandoning … Read more

Billy Chemirmir: Lawsuit Could Free Illegal Alien Accused of Murdering 22 Elderly Americans Who is Suspected in 1000 more

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An American Civil Liberties Union (ACLU) lawsuit is seeking the release of inmates in the Dallas County, Texas Jail considered “vulnerable” to contracting the Chinese coronavirus — a suit that could result in the release of a high-profile accused illegal alien serial killer from Kenya. Billy Chemirmir, 47-years-old, is facing the death penalty for two … Read more

Central Banks & Govts Have Injected $20 Trillion Into Markets & Economies In Last Few Months?

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by Jason Burack of Wall St For Main St Jason talks about how despite the headline numbers improving the last few weeks in jobless claims the amount of Americans on continuing jobless claim unemployment is still increasing by over 2.5 million Americans per week. The Fed’s official balance sheet is also over $7 trillion dollars now. That’s an … Read more

Just What Is Warren Buffet and the Fed Seeing To Make Them Do This?

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by The Phoenix The US is lurching towards an economic catastrophe. If you’ve been paying attention, over the last few weeks there have been several LARGE “tells.” Those tells were two of the BIGGEST cheerleaders for stocks in history, Warren Buffett and the Fed, getting EXTREMELY bearish. First and foremost, Warren Buffett, the man who famously … Read more

Youth Chase Police off Beach

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by Martin Armstrong https://d33wjekvz3zs1a.cloudfront.net/wp-content/uploads/2020/05/Dutch-Police.mp4 We are getting reports from around the globe and it appears that this lockdown is unleashing civil unrest that is not going to be contained. Here is a video from Holland. The youth chase the police off the beach at IJmuiden. I went to get my hair cut today so I … Read more

Hong Kong Peg to Crack in June?

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by Martin Armstrong China’s Communist Party will impose a sweeping national security law in Hong Kong during the annual meeting of its top political body, criminalizing “foreign interference” along with secessionist activities and subversion of state power. This is directed at the protests for independence. It is a very dramatic and bold move that unquestionably … Read more

Hong Kong activists called for a protest march on Friday against Beijing’s plans to impose national security legislation in the city

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HONG KONG, May 22 (Reuters) – Hong Kong activists called for a protest march on Friday against Beijing's plans to impose national security legislation in the semiautonomous city, raising concerns over its freedoms and its status as a global financial hub.https://t.co/CclqX9SXhz — Vincent Lee (@Rover829) May 22, 2020   h/t Builder

Perfect SPY Elliott Wave setup

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by AvailableLight3 SPY just completed a textbook perfect Elliott Wave impulse and is starting a nice looking correction as well. Yes, this is chart crayon drawing and I usually don’t pay attention to this stuff, but this market is so insane right now that I actually think this is going to work. EDIT: Adding text … Read more

Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….!

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Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….! https://t.co/NYZkvXlLxG — Henrik Zeberg (@HenrikZeberg) May 21, 2020 Again. The Fed just bought another $80b in mortgage backed securities. It accounted for 77% of their stimulus this week. Something is clearly going on in the real estate … Read more

According to the Fed model for evaluating equities, the S&P 500 is fairly valued at 7500 (conservatively).

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by trollhard9000 According to the Wikipedia entry for the Fed model for evaluating equities: In its strongest form the Fed model states that bond and stock market are in equilibrium, and fairly valued, when the one-year forward-looking earnings yield equals the 10-year Treasury note yield The 10 yr is currently trading at 0.67%, which translates to … Read more