WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.”

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WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.” — Jim Acosta (@Acosta) April 30, 2020 Reality is gonna be a tough pill to swallow for a lot of people in the coming … Read more

KM: This is the most leveraged US economy in human history. DL: This crisis finds entire sectors of the economy completely unprepared for a slowdown.

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BOOM. The one-and-only Daniel Lacalle @dlacalle_IA joins @KeithMcCullough LIVE today one-on-one at 1:00pm ET You do not want to miss this in-depth investing conversation. Click for immediate free access.https://t.co/Ti6IOU7ZiU — Hedgeye (@Hedgeye) April 30, 2020 “It's getting more challenging as time passes to have an optimistic view of a V-shaped recovery. I think it’s going … Read more

Why the Economy is not the stock market

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by ChaosUnlimited3 Why the economy is not the stock market. Most of the time when I come on this sub I see people bitching about how the market isn’t reacting correctly to the fact that the coronavirus has single handily fucked the world, but there is one crucial thing they are missing the economy isn’t … Read more

The US employment system has left 32M workers vulnerable

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by this_week_in_stats Sector Vulnerable jobs Hospitality 6,754,665 Retail 5,621,828 Health Care 4,110,379 Administrative 2,839,520 Manufacturing 2,234,076 Public Administration 2,052,731 Logistics 1,534,419 Other Services 1,180,380 Wholesale 1,033,450 Construction 903,517 Arts/Entertainment 775,436 Agriculture 555,623 Professional 461,039 Finance 428,573 Real Estate 366,793 Education 232,730 Information 223,794 Headquarters 133,005 Mining 42,348 Utilities 26,745 If you would like the “clean … Read more

NEWSPEAK – DOUBLETHINK – Call it what it is! – It is NOT social distancing – It is ANTISOCIAL DISTANCING…

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New Oxford American Dictionary antisocial – 1. contrary to the laws and customs of society; devoid of or antagonistic to sociable instincts or practices 2. not sociable; not wanting the company of others The normal custom of society is to distance friendly but not in the face of others. Distancing like everyone around you continually … Read more

UK British Government waging war on its own citizens

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Authored by Mike Robinson via 21stCenturyWire.com, Last Wednesday, during the daily UK Government Coronavirus livestream, the head of the British Army, General Sir Nick Carter, bragged: We’ve been involved with the Cabinet Office Rapid Response Unit, with our 77th Brigade helping to quash rumours from misinformation, but also to counter disinformation. Between three and four thousand of … Read more

Rod Dreher On Grabby Joe Biden’s Achilles Hand

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via theamericanconservative: [Damon Linker of The Week] mentions Tara Reade’s mother calling Larry King, and he mentions her friend (a self-described “strong Democrat”) going public to say that Tara told her about Biden’s alleged sexual assault at the time. I had heard about those, but until seeing Linker’s column, I had not heard about the 2008 Alexander Cockburn column … Read more

The SCS is international waters, and if the mainland People’s Republic of China doesn’t support freedom of navigation, then they ought not to be allowed to engage in maritime trade.

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FREEDOM OF THE SEAS: China Says PLA Scrambled Aircraft, Ships to ‘Expel’ U.S. Warship from South China Sea Island Chain. Chinese authorities said they sortied ships and aircraft to “track, monitor, verify, identify and expel” a U.S. warship from the Paracel Island chain in the South China Sea on Tuesday, People’s Liberation Army (PLA) officials said … Read more

OAN’s Chanel Rion calls out fake news in front of their faces. POTUS’ response: They are siding with China. They’re siding with many others. China’s the least of it.

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Thats where it all began for that network of nerds. she pushed out CNN a little bit. Trump says China wants him to lose re-election US President Donald Trump has said China “will do anything they can” to make him lose his re-election bid, stepping up his criticism of Beijing amid the coronavirus pandemic. He … Read more

Lindsey Graham: “AG Barr has three goals I share: *Right wrongs like General Flynn *Hold people accountable who have engaged in misconduct.”

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Lindsey Graham Verified account @LindseyGrahamSC Attorney General Barr needs to be complimented. He’s doing the right thing. AG Barr has three goals I share: * Restore trust. * Hold people accountable who have engaged in misconduct. *Right wrongs like General Flynn, and I believe eventually, George Papadopolous. Attorney General Barr needs to be complimented. He’s … Read more