Minneapolis Mayor Jacob Frey: “This is about violence, and we need to make sure that it stops. We’re in the middle of a pandemic right now. We have two crises that are sandwiched on top of one another.”

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Minneapolis Mayor Jacob Frey: “This is about violence, and we need to make sure that it stops. We're in the middle of a pandemic right now. We have two crises that are sandwiched on top of one another.” https://t.co/E7wxiopvRT pic.twitter.com/RVQ4lTZoYj — CNN (@CNN) May 30, 2020 Coronavirus latest: Pandemic not a time for protests, says NYC mayor https://t.co/XSFYjUycNu — Financial Times … Read more

Living in the USA is “life threatening” if you become ill and have to pay the fake bills presented to you.

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Living in the USA is "life threatening" if you become ill and have to pay the fake bills presented to you. https://t.co/FbX9dWtZ1P — Stare Decisis (@MsResJudicata) May 30, 2020 He's a school teacher in Colorado. You know he barely gets by.Both he and his wife survived #COVID19.Then the bills came. You won't believe what it … Read more

My heart breaks for the city I love so much.

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https://twitter.com/QTRResearch/status/1266855464341393408 https://twitter.com/GrantB911/status/1266855348520058883 An ARMY of volunteers in Minneapolis helping neighbors clean up business damage. “Bring a broom” they were told. What a sight. pic.twitter.com/OjzXpEXCLk — Matt Finn (@MattFinnFNC) May 30, 2020 Could be another ugly night 🙏 https://t.co/h6m7UMBA4z — Reminiscences of an American Capitalist (@4Awesometweet) May 30, 2020 “We support the right of peaceful protestors, … Read more

Bear Calendar Spread Puts, long-term

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by herk_destro Date/Strike Value Days to Expire price/days to expiry 6/19 @ 2800 15.60 20 0.78 7/17 @ 2800 41.50 48 0.86 8/21 @ 2800 72.20 83 0.87 9/18 @ 2800 93.50 111 0.84 10/16 @ 2800 112.10 139 0.81 11/20 @ 2800 138 174 0.79 12/18 @ 2800 153.1 202 0.76 1/15 @ 2800 … Read more

Peter Boockvar: The Future Is Stagflation!

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George Gammon, Released on 5/30/20 Peter and George take a deep dive into stagflation, inflation, deflation and what that means for the US dollar, commodities and gold. How will the lockdowns and the reopening affect the economy long term? Will YOUR LIFE ever be the same? Peter Boockvar is the Chief Investment Officer of Bleakley … Read more

El-Erian Says Talk of Yield-Curve Control, Negative Rates Is ‘Sobering’

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Bloomberg, Released on 5/29/20 Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, says talk of more unconventional monetary policies makes central banks feel forced to do more. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of … Read more

“DC is starved for cash and figures drivers are an easy target. You have to try hard to keep your car from going over 20 miles an hour.”

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NEW SPEED LIMIT TURNS DC INTO GIANT SCHOOL ZONE: Cash-starved DC has come up with another boneheaded revenue scheme — set the city speed limit to 20 miles per hour. Which is practically cruising speed. The new law takes effect June 1. 7/ The new speed limit will go into effect this Monday, June 1st. … Read more

The “made in China 2025” initiative is dead in the water

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by NineteenEighty9 For those unaware, the made in China 2025 initiative was initially designed to facilitate china’s rapid rise through the value chain and away from low cost manufacturing toward more high tech industries of the future. China aims to move away from being the “world’s factory” (producing cheap, low-quality goods due to lower labour costs and … Read more

Powell says Fed policies ‘absolutely’ don’t add to inequality… Food prices see historic jump; Likely to stay high

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(Bloomberg) — Federal Reserve Chairman Jerome Powell cast the central bank’s actions during the coronavirus crisis as aimed squarely at helping U.S. workers, a tactic to head off criticism which has dogged it since the last recession: that its policies primarily serve Wall Street and wealthier Americans. The Fed’s flurry of emergency lending since mid-March … Read more

The US/China conflict is likely to escalate in the future. This is not a fight between equals as is often portrayed in the media.

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by NineteenEighty9 I want to preface this by saying: I support free markets, free speech and democracy. The PRC/CCP lacks the legitimacy of its people and represents the greatest threat to personal freedoms and individual liberties around the world since the USSR. As with all totalitarian regimes it is deeply insecure, vindictive, coercive, and values … Read more

DOG WHISTLES THAT DIDN’T BARK:

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● Biden fails to condemn rioting in remarks on Minneapolis. ● Missed it by This Much: Obama’s statement on death of George Floyd leaves out something pretty freakin’ important. ● Minneapolis mayor urges protesters to wear masks and practice social distancing. ● Trevor Noah Defends Looting: ‘Police in America Are Looting Black Bodies.’ In sharp contrast: Atlanta Mayor Keisha … Read more

“WE CANNOT ARREST PEOPLE WHEN WE’RE TRYING TO HOLD GROUND BECAUSE OF THE SHEER SIZE, THE DYNAMICS AND THE WANTON VIOLENCE THAT’S COMING OUT THERE.”

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via althouse “There’s simply more of them than us,” said Minnesota Governor Tim Walz, quoted in “George Floyd Updates: ‘Absolute Chaos’ in Minneapolis as Protests Grow Across U.S.” (NYT). Gunshots rang out near a different police precinct and flames streamed from businesses over several city blocks — a gas station, a post office, a bank, a restaurant — … Read more