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

Obama Legacy Unraveling – Worse than Watergate

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by Martin Armstrong Richard Nixon had to resign over the famous scandal of the June 17, 1972 failed break-in of the Democratic National Committee headquarters at the Washington, D.C. Watergate Office Building. After the five perpetrators were arrested, the press and the U.S. Justice Department connected the cash found on them at the time to … Read more

Unprecedented Risks, Heightened Uncertainty, And Expecting A Second Wave

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by Claudio Grass via Claudiograss.ch “We are expecting a new wave and we’re prepared for it.” Interview with Robert Hartmann, Co-Owner ProAurum Over the last couple of months, we’ve witnessed unprecedented changes in the global economy, in the markets and in our societies. The corona crisis and the governmental measures that were introduced had a dramatic and direct … Read more

Jim Sinclair: Debt jubilees everywhere … Nouriel Roubini: The debt crisis will become explosive … Marin Katusa: Dollar shortage is the big story going forward … Mike Maloney: The biggest event in world history …

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BY JOHN RUBINO  Jim Sinclair: Debt jubilees everywhere … Nouriel Roubini: The debt crisis will become explosive … Marin Katusa: Dollar shortage is the big story going forward … Mike Maloney: The biggest event in world history …

Wait a minute… I thought the housing market wasn’t the problem this time.

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Wait a minute… I thought the housing market wasn’t the problem this time. The Fed just bought a record amount of mortgage backed securities this last week. It accounted for 84% of its most recent stimulus. Looks like another part of the economy could be swimming naked. pic.twitter.com/J0DzekWJ4x — Otavio (Tavi) Costa (@TaviCosta) May 14, … Read more

House Democrats unveil new $3 trillion coronavirus relief bill!

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More money!! https://www.cnbc.com/2020/05/12/coronavirus-updates-house-democrats-unveil-3-trillion-relief-bill.html It includes, according to a summary: Nearly $1 trillion in relief for state and local governments A second round of direct payments of $1,200 per person, and up to $6,000 for a household About $200 billion for hazard pay for essential workers who face heightened health risks during the crisis $75 billion … Read more

Buying and selling of stock by U.S. senators alongside the S&P 500. Analysis of individual senators’ trading in comments.

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by pdwp90 U.S. Senate Financial Disclosures Their database is pretty painful to navigate (it’s just a bunch of individual filings), and I’d encourage anyone looking for a tidier representation of the periodic transactions to check out the dashboard I’ve been working on. I’ve built a whole dashboard on insider trading by U.S. Senators at https://www.quiverquant.com/sources/senatetrading. I’d strongly encourage … Read more

Globalization and Financialization Are Dead, and so Is Everything That Depended on Them

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by Charles Hugh-Smith Financialization was never sustainable, and neither was the destructive globalization it enabled. All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed millions but no biggie, the Roaring 20s started the following year. It’s onward and upward, … Read more