You are living in the greatest con of all time. An explanation of how this market is rigged and tied to Corona

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by kafkagoeswest TLDR: we’re all sheep heading to the slaughter. What do you remember about March 23rd, 2020? If you’re on this sub, you remember the sky was falling, we were facing systemic collapse, and we were trading around 18,000 on the Dow Jones, under 2200 on the S&P. The chart looked like this: End … Read more

Waterfall of payments in CLOs, via Morgan Stanley, which estimates that 85% of outstanding CLOs in the U.S. may fail their junior over-collateralization (OC) tests as leveraged loans default.

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Waterfall of payments in CLOs, via Morgan Stanley, which estimates that 85% of outstanding CLOs in the U.S. may fail their junior over-collateralization (OC) tests as leveraged loans default. pic.twitter.com/cx2GFlAXL5 — Tracy Alloway (@tracyalloway) May 7, 2020 The CLO market is currently pricing just a fraction of the defaults expected in the underlying loans, say … Read more

NYC police union warns the ‘city will fall apart’ if cops are made to enforce social distancing

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A New York City police union has had enough of the coronavirus social distancing enforcement, and warned city leaders that continued efforts to enforce social distancing could cause the city to “fall apart.” The statement from Police Benevolent Association President Patrick Lynch issued Monday accused Mayor Bill de Blasio of putting officers in a bad … Read more

Alabama Cattlemen’s Association, there is no nationwide beef shortage.

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HUNTSVILLE, Ala. (WAFF) – Does Alabama have a meat shortage? Meat industry leaders say no. Last week, the Alabama Cattlemen’s Association said meat-packing plants have had slowdowns and closures, which has impacted the beef supply chain. However, they say there is no nationwide beef shortage. On Wednesday, a spokesperson said that statement still stands. [ READ … Read more

Kayleigh McEnany destorys the entire MSM!

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It has yet to load to Youtube. Watch the last two minutes or so! UPDATE: Kayleigh McEnany rips media for downplaying coronavirus when pressed on her past rhetoric. My god, I do so love this new approach to dealing with the partisan coastal media elite.   AC

Dem Congresswoman: Biden Allegation ‘Put To Rest’ Because He ‘Went on TV’ And Denied It…

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Democrat Rep. Dina Titus says that the allegations against 2020 Democrat presidential candidate Joe Biden are “put to rest” because he “went on TV” and denied them. From an interview with MSNBC’s Ayman Mohyeldin on 5/6/2020. https://www.breitbart.com/clips/2020/05/06/dem-rep-titus-biden-sexual-assault-allegation-put-to-rest-after-tv-appearance/   AC

Hardly any sympathy cards left.

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by glasstomouth45 I guess when you can’t pay your respects in person since we can’t have funerals, the next best option is to send a card. I couldn’t even find one to send to a friend whose mom passed.    

Closest black hole to Earth discovered just 1,000 light years away, ‘VISIBLE’ to the naked eye

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Closest black hole to Earth discovered just 1,000 light years away, ‘VISIBLE’ to the naked eye Astronomers at the European Southern Observatory have identified the closest black hole to our solar system yet discovered and, as it turns out, it’s been hiding in plain sight and is actually visible to the naked eye (kind of). … Read more

How can any American afford to retire going forward in the Debt drowning world the Fed enabled for decades?

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BULLARD: "INTEREST RATES WILL REMAIN LOW LIKELY FOR YEARS" How can any American afford to retire going forward in the Debt drowning world the Fed enabled for decades?🤔 $1M x 5% (5,000 yrs)vs $____ x 0%? 🤦‍♀️#RetireeMath@ericrosengren @RobSKaplan @marydalyecon @neelkashkari pic.twitter.com/IywCy96PKJ — M/1_LP (@MI_Investments) May 6, 2020   NY Fed to buy corporate bonds in … Read more

Double top. Growth to value ratio surging again. Only 1.3% away from the level reached at very peak of the tech bubble.

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Double top. Growth to value ratio surging again. Only 1.3% away from the level reached at very peak of the tech bubble. This is not market bottom behavior.Quite the opposite. pic.twitter.com/5lSSCEA7f2 — Otavio (Tavi) Costa (@TaviCosta) May 6, 2020 No bounces whatsoever. Venture capital barometer continues to drag lower. The VC bubble already burst way … Read more

Indian Casinos Reopen Today And Gov Can’t Stop Them!

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(WWJ) Because of a nearly $350 million budget shortage, Detroit Mayor Mike Duggan suspended anti-blight programs across the city, and delivered the grim news that entertainment — including Detroit’s cash cow casinos — may not fully reopen for months. “It costs us $600,000 a day, I haven’t complained about it a single time because the health … Read more

BANG: Making FANG Look Tame

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by jessefelder It was almost exactly 2 years ago that I wrote, “BANG: Why The Gold Miners Could Soon Make FANG Look Tame.” At the time, I argued that the major gold mining stocks (Barrick, Agnico Eagle, Newmont and Goldcorp) were undervalued and poised for a strong rally, especially compared to the FANGs (Facebook, Amazon, … Read more