All US jobs created since the Great Recession have been wiped out in just 4 weeks; It took one month of volatility to Annihilate any remaining semblance of Fed Credibility and independence.

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https://twitter.com/realwillmeade/status/1250573354727243778 It took one month of volatility to Annihilate any remaining semblance of Fed Credibility and independence. — Paranoid Bull (@paranoidbull) April 16, 2020 https://twitter.com/realwillmeade/status/1250466974435618816 Federal Reserve has encouraged moral hazard on a grand scale.Chair Powell has gone from preaching about credit risks to buying junk bond funds https://t.co/edwX1lhDYh via @financialtimes — Stare Decisis (@MsResJudicata) … Read more

Someone purchased 35K of 16 Oct’20 $255 puts on SPY paying a whopping $63.7m for these puts.

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https://twitter.com/yuriymatso/status/1250548778093776896 How much is this people going long specific names and hedging the beta? https://t.co/0PC0e8kYyl — Robin Wigglesworth (@RobinWigg) April 15, 2020 At today's high, the S&P 500 got within ~16% of the most extreme valuations in U.S. history. I know ya'll are looking "over the valley" because recession lows are followed by bull markets. … Read more

No, We Are Not “All In This Together”…

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by Brandon Smith A common phrase I have heard lately all around the internet as well as all around the area I live whenever the pandemic situation is broached is that “We are all in this together, and WE will get through this together….” The sentiment is repeated like a religious mantra and I believe it … Read more

No one seems to be noticing the massive uptick in global EQs

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Especially around the Yellowstone area. There has been a massive amount of activity and yet nearly every major source, including GLP, is either mute or barely acknowledging it. Source: https://www.oe-files.de/gmaps/eqmashup.html Source: https://www.nationalgeographic.com/science/2020/03/chunk-yellowstone-size-chicago-has-been-pulsing/   AC

So Basically The FBI Was A Russian Asset, Damaging The Us Political System At Putin’s Instigation:

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It looks like Putin conned the FBI into the ‘Russiagate’ probe. It is becoming increasingly clear that the Russia investigation launched and conducted by James Comey’s Federal Bureau of Investigation deserves to rank as one of the agency’s great blunders — at best. President Trump famously calls the probe a hoax, a label he uses … Read more

CHINA: Coronavirus runs roughshod over debt-laden belt and road projects.

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Developing countries’ ‘hidden debts’ to China totalled US$380 billion well before the global health and economic crisis, analysts estimate Montenegro, which has a US$750 million Chinese loan for highway construction, is among the borrowers seeing commodity prices plunge and exchange rates shift In 2014, the tiny Eastern European country of Montenegro saw an opportunity to … Read more

FOREIGN COLLUSION: US colleges received millions from China, Russia, Saudi Arabia…and didn’t report it.

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We need much stricter enforcement of the various foreign-influence laws. via campusreform Colleges and universities across America failed to report nearly $1 billion in foreign gifts between 2013 and 2018. The foreign gifts include money from China, Russia, and Saudi Arabia. Universities and colleges across the United States failed to report nearly $1 billion in foreign … Read more

Is the Buffett Indicator thru the roof?

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by onfallen Figured out something interesting; let’s discuss. Assumptions: US GDP will fall by X percentage this year GDP 2019 is $21.73 Trillion Total market cap is $28.48 Trillion Buffett indicator = market cap / gdp Scenarios: X – Buffett Indicator 5% – 138% 10% – 146% 15% – 154% 20% – 164% 25% – … Read more

The Path to Socialism is Paved in Bailouts

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by Michael Lebowitz and Jack Scott Prelude: This article was largely written before the emergence of the Coronavirus. Recent developments as a result of the pandemic only add emphasis and gravity to the points made here.  “…many people living in the West are dissatisfied with their own society. They despise it or accuse it of … Read more

Freddie Mac: The Housing Market Faces Challenges Amid Economic Uncertainty

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The fiscal stimulus provided by the CARES Act will mute the impact that the economic shock has on house prices. Additionally, forbearance and foreclosure mitigation programs will limit the fire sale contagion effect on house prices. We forecast house prices to fall 0.5 percentage points over the next four quarters. Two forces prevent a collapse … Read more

Woah. The company that Hunter Biden is still a board member of (BHR), is an investment fund created by the company he co founded (Rosemont Seneca) and the government owned Bank of China which funds the entire thing…..

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by PropagandaDebunker https://nypost.com/2018/03/15/inside-the-shady-private-equity-firm-run-by-kerry-and-bidens-kids/ Rosemont Seneca and the Bank of China created a $1 billion investment fund called Bohai Harvest RST (BHR), a name that reflected who was involved. Bohai (or Bo Hai), the innermost gulf of the Yellow Sea, was a reference to the Chinese stake in the company. The “RS” referred to Rosemont Seneca. … Read more

I just ran out to the Home Depot, haven’t been out in a month and here is what I saw

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This is SE Pa btw. Most people, I would say 60-70% were masked up, 15-20% were wearing gloves…no one wearing goggles… granted, construction/contractor types are more likely to be prepared and informed than your typical grocery store/walmart crowd. They had a queue with tape lines on the ground and they were only letting a few … Read more