The Federal Reserve & It’s Ongoing Destruction Of The Bottom 90%

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by Lance Roberts The Federal Reserve seemingly is an ongoing mission to destroy the bottom 90%. The one lesson that we have clearly learned since the 2008 “Great Financial Crisis,” is that monetary and fiscal policy interventions do not lead to increased levels of economic wealth or prosperity. What these programs have done, is act as a wealth … Read more

The Car Is Staging a Comeback, Spurring Oil’s Recovery

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https://www.bloomberg.com/news/articles/2020-05-10/the-car-is-staging-a-comeback-spurring-oil-s-recovery Gasoline demand is rebounding, suggesting that the car — at least for now — is making a comeback. As lockdowns ease and parts of the world reopen for business, driving has emerged as the socially distant transportation mode of choice and is offering some near-term relief to an oil market fresh off its worst … Read more

MEXICO: Demands Apology from United States over “Fast and Furious” — UPDATE — video proves Barack Obama ordered “Fast and Furious.”

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Mexico’s president calls for investigation into Obama-era Fast and Furious Operation Mexico’s president asked the United States for answers and an apology for the Obama-era gun-running operation known as “Fast and Furious.” On Friday, Mexican President Andres Manuel Lopez Obrador called for an investigation into Operation Fast and Furious to prevent it from happening again. … Read more

NBC issues a tiny apology on twitter

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HEY JOURNALISTS: WANT PEOPLE TO STOP THINKING OF YOU AS GARBAGE? STOP BEING GARBAGE. You’re correct. Earlier today, we inadvertently and inaccurately cut short a video clip of an interview with AG Barr before offering commentary and analysis. The remaining clip included important remarks from the attorney general that we missed, and we regret the error. … Read more

Why should the federal government issue bailout money to California when California law makers are literally telling job creators to f**k off?

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by ItWouldMAGA   BLUE STATE BLUES: Elon Musk Moving Tesla Out Of California Over Shutdown? “Tesla and SpaceX founder Elon Musk is mad as hell and he’s not going to take it anymore. The ‘it’ in this case is the decision by the Interim Health Officer of Alameda County to take a more cautious approach to reopening … Read more

Great Interview with Flynn’s Attorney: Maria Bartiromo asks Sidney Powell, “So you think this goes all the way up to the top to President Obama? Powell responds, “Absolutely.”

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Flynn’s lawyer said it happened like this. Comey and McCabe find out about Flynn’s call to the Russian Ambassador Comey briefs Clapper Capper briefs Obama Flynn’s Lawyer Says Obama Was Part Of Conspiracy To Entrap Former National Security Advisor “These agents specifically schemed and planned with each other how to not tip him off, that he … Read more

Iranian Destroyer Accidently Sinks Iranian Navy Corvette with Missile, 20+ missing and Dead

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Iran today sank one of it’s own ships with a Noor (C-802) anti-ship cruise missile fired from an Iranian Moje Class destroyer (Jamaran) The Iranian Hendijan-class multi-purpose support vessel Konarak was sunk with 23 confirmed casualties (bodies found) of the 40 sailors onboard. https://twitter.com/WPCION/status/1259621886583062530 More: Sunk off of Bandaer-e-Jask https://twitchy.com/gregp-3534/2020/05/10/friendly-fire-naval-accident-reported-in-iran/ h/t FE

This trend outside NY continued today.

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This trend outside NY continued today. ⁦@SoberLook⁩ pic.twitter.com/3jna6JRUFA — Danielle DiMartino Booth (@DiMartinoBooth) May 9, 2020 Hey New York. Chart shows train turnstile entries for Manhattan. Pre-pandemic was ~3M per day. That's obviously dropped off substantially. Here's what's interesting: gradual increases week by week. Weekly averages:April 13: 165kApril 20: 174kApril 27: 186kMay 4: 202k pic.twitter.com/aKjztOm55S … Read more

Tech is about to get mauled by a giant grizzly bear

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pic.twitter.com/6ks3c6pxSJ — gmbluedestiny (@gmbluedestiny) May 11, 2020 If the states really open up it could be a sell the news event? Especially when 70% of the economy will decide not to open up or even go outside.. Tricky market! — Everything is a rich man’s trick (@MvEHAL) May 11, 2020

Global equities for the second time in a year price in a growth rebound that our Real Time PMI model does not confirm.

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Global equities for the second time in a year price in a growth rebound that our Real Time PMI model does not confirm. pic.twitter.com/QdylITZdPI — Teddy Vallee (@TeddyVallee) May 10, 2020 "The worst recession since the Great Depression is prompting indebted companies to default, and increasingly more will do so in a way that’s harder … Read more

It Gets Rough for US Airlines: Why Buffett Dumped His Airline Stocks Though There Was Blood on the Tarmac, Which Should Have Been a Buy Signal

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Just can’t catch a break: Friday after hours, United disclosed it abandoned its junk-bond offering after investors balked. Shares fell. By Wolf Richter for WOLF STREET. Here’s what US airlines are going through: The TSA has been reporting the number of daily checkpoint screenings. This is the number of people in the US who got on a plane for … Read more