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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
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
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
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
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
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
Did you catch that at 1:07? “He can undermine what people think and control them, that is our job”… AC
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
No Voter Fraud! https://t.co/1hyr8jehFm — Donald J. Trump (@realDonaldTrump) May 22, 2020
by Chris Vermeulen of The Technical Traders As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally. The SPY has traded near this level for the past three weeks … Read more
https://www.youtube.com/watch?v=Argk05L_gJI The [DS]/MSM are now doing everything and anything but at each turn the people are finding out that they have been lying. Treason runs deep with the [DS]. Ratcliffe was just confirmed as the next DNI, the [DS] are now blocked, they are exposed, there is no place to hide, the patriots are coming … Read more
https://www.youtube.com/watch?v=ZEPagS0mADc Recently Chris Cuomo interviewed his brother Andrew Cuomo where they proceeded to do a “prop comedy” routine with his brother.
Many professional financial observers have opined that the stock market bottom is in. Yes, stocks have rallied since March 23, however, the return of this sentiment should give investors pause.
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
See this clip, 1:04 mark. Ben Bernanke tells @RonPaul that his plan is to get the balance sheet to 'something under $1-trillion.' (March 2010)There is no chance the Fed will unwind any of this post-crisis balance sheet expansion.https://t.co/yVHlMyp7xj — Peter Schmidt (The 92ers) (@The92ers) May 21, 2020
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 $80b in mortgage backed securities. It accounted for 77% of their stimulus this week. Something is clearly going on in the real estate … Read more
by trollhard9000 According to the Wikipedia entry for the Fed model for evaluating equities: In its strongest form the Fed model states that bond and stock market are in equilibrium, and fairly valued, when the one-year forward-looking earnings yield equals the 10-year Treasury note yield The 10 yr is currently trading at 0.67%, which translates to … Read more
by MakeTotalDestr0i
Just the brrr-ginning$ pic.twitter.com/N3mJlezh8f — James Henry Anderson (@jameshenryand) May 21, 2020 78 Central Banks around the world have cut interest rates in 2020… pic.twitter.com/b3RSx9hiLY — Charlie Bilello (@charliebilello) May 21, 2020
Earnings expectations have completely collapsed globally, but is that a good thing or a bad thing from a market cycle perspective? Here's the historical take + context: https://t.co/A7iWhi96pC pic.twitter.com/BMg7YezDW5 — Topdown Charts (@topdowncharts) May 21, 2020 #recession … #GFC2 edition It's not just the #coronavirus… 📉 https://t.co/DpuxDVXtx7 — Invariant Perspective (@InvariantPersp1) May 21, 2020