Tax Hikes No Matter Who Wins in November?

by

(Bloomberg) — It’s a line you don’t hear every day from Wall Street titans: Maybe we really should pay higher taxes. The pandemic has bold-face names like Larry Fink and Lloyd Blankfein thinking out loud that it might be necessary as the coronavirus pandemic derails the economy. A few are even calling for the wealthy … Read more

What A Sociopath! Crooked Ilhan Omar Just Got Caught Raising Money for a Minnesota Food Store and Pocketing the Cash

by

Ilhan Omar asked for donations this week to help feed Minnesota Food Store. But Ilhan’s tweet was removed after the Director of the organization that runs the Minnesota Food Store tweeted out a reply — Adrienne: “I am the Executive Director of GMCC – Minnesota FoodShare is our program. Ilhan Omar had nothing to do … Read more

Top Obama Admin Officials Testify Under Oath There Was NEVER ANY EVIDENCE of Russia Collusion by the Trump Campaign – SILENCE?

by

Watch the latest video at foxnews.com https://www.foxnews.com/politics/trump-says-more-to-come-on-russia-probe-documents-in-fox-friends-interview President Trump, in a Friday morning interview on “Fox & Friends,” said there would be “more to come” after the release of a trove of House Intelligence Committee transcripts — which showed Obama-era officials saying they had no “empirical evidence” of the Trump campaign conspiring with Russia to gain an edge in the … Read more

RNC Chairwoman Drops BOMB on Media Outlets who Did Not Cover Allegation Against Joe Biden

by

https://www.youtube.com/watch?v=i6ksIbx_zXc Mike Breast from Washington Examiner reports, Republican National Committee Chairwoman Ronna McDaniel is calling for the networks that ignored the sexual assault allegation against former Vice President Joe Biden to be barred from hosting any 2020 presidential debate. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…

Ohio Governor Reveals Why He Walked Back on Social Distancing Orders

by

https://www.youtube.com/watch?v=Ld4Jb4SO5iQ James Barett from The Daily Wire reports, In an interview with ABC’s “This Week” Sunday, Republican Ohio Gov. Mike DeWine admitted that his statewide mandate that Ohio residents wear face masks while in stores was “a bridge too far” because people are simply “not going to accept the government telling them what to do.” … Read more

Virus is old news IMO, next we deal with the recession & bankruptcies

by

https://twitter.com/dynamicvol/status/1259085718611255296 Markets bottom on the worst of bad “economic” news. So far only worst of health news has hit. Bankruptcies, mortgage defaults, declining GDP, lowered corporate earnings guidance, record unemployment rate hasn’t happened — GabrielD (@gdavidov) May 8, 2020 Was expecting 31.3%!!! BULLISH! https://t.co/vAVynqOmOG — Live Monitor (@amlivemon) May 9, 2020 Btw, the amount of … Read more

Given the massive size of QE and all the bailout facilities one cant be too certain about the path of equities…but this rally could easily be like the 1930 headfake,before stocks really got destroyed.

by

given the massive size of qe and all the bailout facilities one cant be too certain about the path of equities…but this rally could easily be like the 1930 headfake,before stocks really got destroyed. — bill fleckenstein (@fleckcap) May 8, 2020 https://twitter.com/GreekFire23/status/1258903592687329280 In 2008 we saw the same “non sense” rally before the huge dump … Read more

Fed’s New QE Operations Could Be “Last Stop” Before a Deep Recession

by

From Birch Gold Group Last September, the Fed’s emergency liquidity operation in the repo markets signaled serious distress in the economy. The topic deserved the attention that we gave it at the time, but looking back on it now, those actions are dwarfed by those that the Fed has taken in recent months. In March, in order to stave off … Read more

The retail apocalypse continues: More than 2 million jobs disappeared in April, the latest in a series of bad news for the industry

by

According to the US Bureau of Labor Statistics, 2.1 million jobs were lost in retail for the month of April. Clothing and clothing accessories retailers saw the heaviest losses, with jobs declining by 740,000. An additional 5.5 million jobs were shed in food services and drinking establishments. Retailers from JCPenney and Macy’s to Gap and … Read more