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!      

HUGE WIN! – US Supreme Court Rules with President Trump – Reinstates Law Making It a Felony to Encourage or Help People Come or Stay in US Illegally

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US Supreme Court Rules with President Trump – Reinstates Law Making It a Felony to Encourage or Help People Come or Stay in US Illegally @JoeHoft https://t.co/cUYsPpNavY via @gatewaypundit — The Gateway Pundit (@gatewaypundit) May 13, 2020 US Supreme Court Rules with President Trump – Reinstates Law Making It a Felony to Encourage or Help … Read more

RUSH: I guarantee you the Democrats cannot permit this to go on, and they won’t, and I think it’s gonna be the Cuomo brothers.

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via rushlimbaugh RUSH: CNN is beside themselves. Donald Trump has tied his highest approval rating yet in the CNN poll, tied with his record high. Here’s John King this morning on CNN announcing it. KING: Brand new CNN poll numbers. They show Joe Biden with a national lead in the race for president. But there are … Read more

DNI Grenell Releases Names of Flynn Unmaskers – BIDEN ON LIST! DC IN PANIC

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39 Names – Biden on List https://www.washingtonexaminer.com/news/biden-and-other-obama-officials-received-unmasking-information-on-michael-flynn-declassified-records-show This list PROVES that Flynn was unmasked prior to his late 2016/early 2017 calls with Russian Amb Kislyak and further compounds the likelihood that Obama’s DOJ had a FISA on Flynn going back to 2015! HO LEE FUK! ODNI Response 2 by Washington Examiner on Scribd SAMANTHA POWER JAMES CLAPPER … Read more

President Trump: “The whole thing was corrupt and we caught them…” #OBAMAGATE

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https://youtu.be/hFJdcT0S3Dg Rand Paul: Biden Caught Red-Handed Using Spying Powers of The U.S. To Go After a Political Opponent https://twitter.com/atensnut/status/1260349476411256837 Grenell releases list of officials who sought to ‘unmask’ Flynn: Biden, Comey, Obama intel chiefs among them | Fox News Top Obama administration officials purportedly requested to “unmask” the identity of former national security adviser Michael Flynn during … Read more

Total Catastrophe Of The Currency System

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by Egon von Greyerz As the Nasdaq makes a new high for the year, the world outside the stock market timebomb is falling apart. For example the UN agency, The International Labour Organisation (ILO) reports that 1.6 billion jobs are at risk in the global economy. That is half of the global workforce of 3.3 … Read more

Central Banks Printed $20 Trillion and Now Own the Markets! Can They Prevent A Collapse?

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Do you think that the markets are under siege by the central banks? Or are central banks trying to prevent a collapse? There’s a strange situation today, particularly evident in 2020. Central banks are buying everything. Different central banks are doing things at a different speed, with different nuances. But let’s face it, they print … Read more

WOW! Top Obama Official CONFESSES What She Did on MSNBC – GAME OVER!

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https://www.youtube.com/watch?v=b5X56cVorpk Tim Graham from NewsBusters reports, Sean Davis at The Federalist reports a newly declassified transcript of congressional testimony shows former Obama administration defense official Evelyn Farkas testified under oath that she lied during an MSNBC Morning Joe interview when she claimed to have evidence of alleged Trump collusion with the Russians. Read More/Source/Credit/FairUse: https://www.newsbusters.org/blogs/nb/…