BIDEN: Chris Dodd, VP Search Chief, Linked To Sexual Assault — Weinstein — China

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Meet the team who will help Joe Biden pick his vice presidential running mate Biden’s vice presidential selection committee, announced Thursday morning, will include four co-chairs: Former U.S. Sen. Christopher Dodd; U.S. Rep. Lisa Blunt Rochester; Los Angeles Mayor Eric Garcetti; and Cynthia Hogan, former White House and Senate counsel to Biden. https://www.usatoday.com/story/news/politics/elections/2020/04/30/joe-biden-vice-presidential-selection-committee-announced/5156761002/ Ted Kennedy on … Read more

Why does Buffet urge investors to use EBIT and not Net Income as metric for valuating companies?

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by mrcet007 Warren Buffett’s annual letter to Berkshire Hathaway shareholders https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf Charlie and I urge you to focus on operating earnings – which were little changed in 2019 – and to ignoreboth quarterly and annual gains or losses from investments, whether these are realized or unrealized. My assumption operating earnings = EBIT quarterly gains/losses = … Read more

DEFEAT DISINFO: Democrat Initiative Formed To COMBAT Digital Patriots

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Initiative seeks to challenge Trump’s online megaphone A new Democratic-aligned political action committee advised by retired Army Gen. Stanley McChrystal, the former head of U.S. forces in Afghanistan, is planning to deploy technology originally developed to counter Islamic State propaganda in service of a domestic political goal – to combat online efforts to promote President Donald … Read more

CALIFORNIA: 33 People Arrested During Sacramento Freedom Rally

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‘Freedom’ protest against coronavirus orders leads to arrests at California Capitol The demonstration was unauthorized and not permitted by the California Highway Patrol, but CHP officers did not disperse protesters until late in the afternoon when tense moments led to a handful of arrests. A woman who identified herself only as Michelle expressed outrage as multiple … Read more

For the #TrumpIsNotADoctor Crowd…

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Bill Nye is not a scientist. Greta Thunberg is not a climate expert. Hillary Clinton is not a President. AOC is not an economist. CNN is not a news network. Joe Biden is not winning in 2020. Michael Obama is not a woman …and Jeffrey Epstein didn’t kill himself. For the #TrumpIsNotADoctor crowd… Bill Nye … Read more

Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel

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It started in mid-February for jet fuel and in mid-March for gasoline. By Wolf Richter for WOLF STREET. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen anything like what the world is facing today,” CEO Darren Woods said. … Read more

First wave: Job losses… Second wave: Bankruptcies

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https://twitter.com/RemiGMI/status/1256883933687558144 Doing some quick checking on valuations (using #Fridays close) versus S&P's 4/30/20 estimates. Two conclusions:1) Estimates have not been revised down nearly enough2) Market remains exceptionally overvalued considering what's coming on the data front. pic.twitter.com/vTEoeNgZw6 — Lance Roberts (@LanceRoberts) May 3, 2020 $VIX futures forward curve went back into a strong backwardation configuration last … Read more

GLD, Stagflation, and You

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by Sten_Duncan2 Now, there is a reason that commercial advertisements for gold target demographics that we will generously call “unsophisticated”. Gold is perfect for short term thinkers/investors because doesn’t actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I’m talking about, we need to … Read more

Saudi stock market has crashed

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Riyadh’s Tadawul All Share Index ends the day down 7.4% Equity gauges in the U.A.E, Kuwait, Qatar and Egypt also drop Saudi Arabian stocks dropped the most in almost eight weeks after the kingdom’s finance minister said “painful” measures — including deep spending cuts — were needed to respond to the coronavirus crisis and crash … Read more

Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic

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#Russia- Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly in the capital Moscow. 🔴 #Russia– Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly … Read more

Tara Reade canceled her interview scheduled with Chris Wallace that was set to air on Fox News Sunday morning.

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Tara Reade’s cancellation of her interview on Fox News follows a troubling 24 hours. -MSNBC confirms they invited Reade for an interview after Reade claims they did not -Neighbor no longer sure about what Reade told her years ago -Reade now says she never filed a formal complaint https://twitter.com/travisakers/status/1256634251845435397?s=20   FA

The Horror Of Meat Shortages Are Going To Be Much Worse! Be Ready For Economic Collapse

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https://www.youtube.com/watch?v=QHYeNBzcm4s As many different sectors in the economy are facing massive output cuts in production, the food supply chain is also dealing with hardships, especially in a number of meat processing facilities around the globe. In most states of the US, meat has become already rare to find in groceries and supermarkets, and when people … Read more

Sis intel – Illinois is the new NYC as hotzone explodes with new cases

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Sis has been working at whole foods extra hours since lockdown three of her five team members got the virus looking at the illinois has been steadily increasing for the last month https://www.worldometers.info/coronavirus/country/us/ USA………….Case…………New State………..Total………..Cases ______________________________________ New York……..319,213………+3,991 New Jersey……123,717………+2,527 Massachusetts…66,263……….+1,952 Illinois……..58,505……….+2,450 That is all i got not much but real info   AC

“In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.” —Greg Ip, @WSJ

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Drowning in a sea of liquidity. “In a solvency crisis, companies can’t survive no matter how much they can borrow: they need more revenue. The Fed can’t solve that.”—Greg Ip, @WSJ https://t.co/QehaXr9wdC — Daniel Lacalle (@dlacalle_IA) May 2, 2020 Is the economy facing a liquidity crisis, or a solvency crisis? The distinction will determine how … Read more

It’s happening slowly, but more investors are starting to figure out what lies ahead. It’s just going to be much worse than most expect.

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It's happening slowly, but more investors are starting to figure out what lies ahead. It's just going to be much worse than most expect.https://t.co/E2ugJPlb6c — Peter Schiff (@PeterSchiff) May 2, 2020 Down >-90% if #depression take place pic.twitter.com/fePFLgk9Nh — Antonio Pérez-Algás (@apanalis) May 2, 2020 SAUDI FINANCE MINISTER SAYS THE ECONOMIC SHOCK RESULTING FROM LOW … Read more

Warren Buffett “We don’t see anything attractive”

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Warren Buffett "We don't see anything attractive" — Win Smart, CFA (@WinfieldSmart) May 2, 2020 Berkshire Hathaway has been selling stocks & stockpiling even more cash. “If Buffett himself isn’t seeing opportunities, even in his own stock, what are we to think about the recent market selloff? Is it not a buying opportunity for long-term … Read more