The Crash Has Only Just Begun

by Charles Hugh-Smith Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any time soon. While the stock market euphorically front-runs the Fed and a V-shaped recovery, the reality is the crash has only just begun. To understand why, look at income and debt. Income–earned and unearned–is in free-fall, while … Read more

“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.”

“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.” https://t.co/KTsHgIMFuZ — Lisa Abramowicz (@lisaabramowicz1) April 27, 2020 #recession … US #Manufacturing edition#GFC2 has had no problems surpassing the record low points of the original #GFC in 2008-09… 📉 https://t.co/TdzMk9HNL8 — Invariant Perspective … Read more

Buying a house responsibly is really hard.

by redoran I make $130k – After taxes, mandatory retirement contributions, and health insurance, I take home about $7,050/mo. My household expenses (2 adults, 2 young children) including $1,300/mo in rent amounts to $4,300/mo. We’ve been saving for a house, and have about $34k so far for downpayment + emergency fund. My income will likely … Read more

FED’s term sheet: infinite QE is FED’s lie and bubble

by onfallen Fed’s SMCCF balance: 0 (look under secondary credit) https://www.federalreserve.gov/releases/h41/20200416/ Asset backed security loan facilities: 0 (look under Credit extended thru FED.., look at that blue term line) https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm Basically, what FED’s doing is giving the market false hope that it will actually do infinite QE, guess what, they’re not actually doing it. It’s almost like … Read more

The Tokyo Whale is hungry again!

by Shaun Richards A new week has started with something which we will find awfully familiar although not everyone will as I will explain. But first let me give you something of a counterpoint and indeed irony to the news. SINGAPORE (Reuters) – Oil prices fell on Monday on signs that worldwide oil storage is … Read more

Watch Jeff Session’s interview: “It is not in the interest of America to bring in 1.4 million people just to take jobs.”

The Center for Immigration Studies will stream an Immigration Newsmaker conversation on Monday, April 27, at 11:30 a.m. EDT featuring former U.S. Attorney General Jeff Sessions, who is campaigning to take back the Alabama U.S. Senate seat that he held for 20 years. This timely conversation with one of the nation’s top immigration experts takes … Read more

Nancy Pelosi Spreads DANGEROUS Misinformation Amid Health Crisis

https://www.youtube.com/watch?v=XljhZ_wQym4 Cristina Laila from The Gateway Pundit reports, The liberal Trump-hating media, including the Drudge Report, is pushing the nonsense that President Trump proposed injecting Americans with disinfectant. And House Speaker Nancy Pelosi on Friday continued to spread the lie about President Trump amid the Coronavirus pandemic. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020…

CNN removed the August 11th, 1993 Larry King Episode from Google Play, the episode featuring a call from Tara Reade’s mother. CNN is actively colluding with the Biden campaign to cover up evidence of Biden’s sexual assault

by neoconbob These are reasons why printed media like books and newspapers should always stay in existence and the reason why I hoard books. It’s because no one can change those once printed and circulated. With all information being digitized and major corporations controlling the majority of it we stand to have history altered in … Read more

The US is now just a more dignified form of USSR-style central planning, one where asset prices are set by decree and a decline in asset levels is prohibited as any crash in markets would result in a depression that would promptly spiral into a social collapse.

by mark000 https://www.zerohedge.com/markets/us-will-never-return-free-market-capitalism-guggenheims-minerd-warns-current-crisis-lead Eventually, a populist revolt to address the current massive inequality of income and wealth, will happen. Soon pressure will mount on policymakers to bolster the social safety net and increase things like healthcare and job security and maybe even institute a guaranteed living wage. My only concern is that it will be … Read more

The Plan to Completely Destroy Nevada’s Economy

Nevada, like no other state, is totally dependent on tourism. If tourism dies, the state will die. The Democrat governor, Steve (‘Sissy’) Sisolak, is doing his best to kill Nevada. Sisolak seems to be driven more by a lack of clear thinking rather than malicious intent. Sisolak’s plan is to place most state residents under … Read more

Second Corona Wave China

Another Big Wave in Guangzhou! At “Villages in Town” area, Tianhe District, in Guangzhou City, Guangdong Province. It seems the situation is very serious there, with hundreds of people in PPE arriving. Another Big Wave in #Guangzhou At "Villages in Town" area, Tianhe District, in Guangzhou City, #Guangdong Province. It seems the situation is very … Read more