The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It’s free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way.

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The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It's free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way. — Peter Schiff (@PeterSchiff) April 29, 2020 https://twitter.com/NorthmanTrader/status/1255570641962569729 Confidence … Read more

“It’s almost set up to fail. It was made complicated so people would get discouraged and give up,”

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“It’s almost set up to fail. It was made complicated so people would get discouraged and give up,” https://t.co/tti8GFEYaF — Nomi Prins (@nomiprins) April 29, 2020 https://twitter.com/GregMannarino/status/1255551644248543232 More than 1bn informal workers face poverty as job losses soar https://t.co/oHBImnC5E8 — Financial Times (@FT) April 29, 2020 The record-long U.S. economic expansion is over after almost … Read more

This market feels like a game of Russian roulette where everyone is hoping the reality bullet isn’t in the chamber.

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This market feels like a game of Russian roulette where everyone is hoping the reality bullet isn't in the chamber. @EconguyRosie — Adam Thurgood (@AT_AdamThurgood) April 29, 2020 Fed pledges to keep rates near zero until full employment, inflation come back So forever 😘 — Reminiscences of an American Capitalist (@4Awesometweet) April 29, 2020 https://twitter.com/realJosephRich/status/1255547079042228224 … Read more

Reuters: Boeing eyes major bond issue to raise funds

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https://www.reuters.com/article/us-boeing-debt-exclusive/exclusive-boeing-eyes-major-bond-issue-to-raise-funds-sources-idUSKCN22B094 Boeing has lined up investment banks to potentially market an offering to bond investors in the coming days, provided that market conditions are favorable, the sources said, cautioning that the exact timing and size of the offering had not been decided. The proceeds could amount to $10 billion or more, depending on investor demand, … Read more

Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak

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Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak @bloomberg [Past performance is no guarantee of future results] pic.twitter.com/34FsXGxYwM — Liz Ann Sonders (@LizAnnSonders) April 29, 2020 The Q1 GDP data show that the initial hole from … Read more

Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009… Goldmans Still Committed to the Strength in Equities Being a Bear Market Rally

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Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009https://t.co/Tp8TInAXfg — Taps Coogan (@TapsCoogan) April 29, 2020 Chris Whalen, Whalen Global Advisors Chairman and author of The Institutional Risk Analyst, recently spoke with Mortgage Media about the CARES Act stipulation that permits mortgage borrowers who’s mortgage is backed by the Fannie Mae, Freddie Mac, or Ginnie Mae to postpone mortgage payments … Read more

Amazon, Walmart, FedEx workers plan walkout on Friday.

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Workers from corporations are planning a walkout Friday, including employees from Amazon, Walmart and FedEx. The workers are seeking better health and safety standards as well as hazard pay while working during the coronavirus pandemic.  Former Amazon employee Christian Smalls, shared a flyer on Twitter last week that included other prominent company names participating in the demonstration on May 1, such as … Read more

“95% of companies who have applied for PPP funding are still waiting…as a result 58% of small businesses have pushed through with layoffs. I think the best case scenario is a ‘U'”

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"95% of companies who have applied for PPP funding are still waiting…as a result 58% of small businesses have pushed through with layoffs. I think the best case scenario is a 'U'"@DiMartinoBooth with #StuartVarney — https://t.co/OJINiAWgMY https://t.co/J0dVfZuCk8 — Danielle DiMartino Booth (@DiMartinoBooth) April 28, 2020

The recent rally in precious metals is only the beginning.

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Gold price adjusted for inflation since the 70s. The largest and longest cup & handle I have ever seen. The recent rally in precious metals is only the beginning. pic.twitter.com/C7eQnnsORO — Otavio (Tavi) Costa (@TaviCosta) April 26, 2020 Buy gold & sell stocks. Thanks for having me again @PalisadeRadio https://t.co/5B0D8CT6EJ — Otavio (Tavi) Costa (@TaviCosta) … Read more

Present situation had its largest decline ever, but future expectations actually improved. Long-term confidence hasn’t cracked yet.

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Mind the gap. Present situation had its largest decline ever, but future expectations actually improved. Long-term confidence hasn't cracked yet. Barrons big money poll looks the same: Only 4% of investors are bearish for 2021. The "In Fed We Trust" mentality remains strong. pic.twitter.com/gGJdLeo3cc — Otavio (Tavi) Costa (@TaviCosta) April 28, 2020 https://twitter.com/i/status/1255232958497161217 Supercharged. Fed’s … Read more

Tucker goes on an absolute tear about how the U.S. has quickly devolved into a Chinese-style dystopian nightmare.

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“We have big companies partnering with the government to spy on you without your knowledge. Americans locked in their homes banned from going to church, placated with sedatives like beer and weed. Anyone who speaks up is silenced and political demonstrations are illegal and organizers arrested. Only opinions approved by leaders are allowed on information … Read more

Ted Cruz: “ YouTube & Google should NOT have the power to censor speech—partularly on critical issues of concern. The doctors’ views here aren’t fraud. If YouTube disagrees, argue ON THE MERITS. Don’t abuse monopoly power…

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YouTube & Google should NOT have the power to censor speech—partularly on critical issues of concern. The doctors’ views here aren’t fraud. If YouTube disagrees, argue ON THE MERITS. Don’t abuse monopoly power—and special congressional liability immunity—to become speech police. https://t.co/AIVaSn5K4z — Ted Cruz (@tedcruz) April 29, 2020 They shouldn’t have immunity. They’re not a … Read more

USS Bunker Hill Conducts 2nd South China Sea Freedom of Navigation Operation This Week, Australia has enraged China after backing Trump…

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Guided-missile cruiser USS Bunker Hill (CG-52) conducted a freedom of navigation operation through the Spratly Island chain in the South China Sea, U.S. 7th Fleet announced on Wednesday. According to a statement from the Navy, the cruiser tested excessive maritime claims of China, Vietnam and Taiwan. All three countries have overlapping claims in the contested … Read more

Well, this is what you get when you hire from Buzzfeed. Still this is potentially criminal.

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#JOURNALISM: FT suspends journalist accused of listening to rival outlets’ Zoom calls. A Financial Times reporter has been suspended after the Independent accused him of listening in on sensitive Zoom meetings held by its senior managers telling staff about salary cuts and furloughs. Mark Di Stefano, who joined the FT from BuzzFeed in January, has been … Read more

The Birth of Fake News was 1/3/2013 when Obama signed HR 4310 / Sec. 1078 authorizing the use of propaganda INSIDE the USA. It had been illegal since 1948

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https://twitter.com/RickHackerGhost/status/1254815811396460545?s=20 THE FOLLOWING IS THE ORIGINAL THAT WAS REPLACED: Except as provided in section 1461 of this title and this section, no funds authorized to be appropriated to the United States Information Agency shall be used to influence public opinion in the United States, and no program material prepared by the United States Information Agency … Read more