Why the stock market is going up… and it’s not because the Coronavirus is going away

by FiscalFrontier I think I know why the stock market is up… and it’s not because the Coronavirus is going away. It requires some macroeconomic and finance knowledge, but maybe, just maybe: Fed actions (buying assets) are lowering risk premiums Fed actions (lowering rates) are lowering asset yields overall Both of these actions lower stock … Read more

USAA to Refund Partial Premium to Members

by cjw_5110 Relevant for USAA auto insurance members: https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150 Relevant passage: USAA, the country’s fifth largest property-casualty insurer, will be returning $520 million to its members. This payment is a result of data showing members are driving less due to stay-at-home and shelter-in-place guidance across the country. Every member with an auto insurance policy in … Read more

National Press Secretary for Bernie Sanders 2020 Briahna Joy Gray: At Least Now I Can Stop Lying About that “Democratic” Socialist BS

Briahna Joy Gray Verified account @briebriejoy On the plus side, I can drop the “Democratic” from my tweets about why Socialism is good. View post on imgur.com On the plus side, I can drop the “Democratic” from my tweets about why Socialism is good. 😉 — Briahna Joy Gray (@briebriejoy) April 8, 2020 There you … Read more

Gold contracts default, deliveries rationed in London, Andrew Maguire says

by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: In extended comments given this week for a weekly promotional video for Kinesis Money, London metals trader Andrew Maguire reviews in detail the ongoing collapse of the fractional-reserve gold banking system based in London. While Maguire’s topic is complicated, this seems to be … Read more

Laura Ingraham-Bill Barr Interview – Durham is not writing a report, he is building multiple criminal cases.

First good news I’ve heard in 3 years. Did you hear what he said? Democrats were doing so many illegal things it was mind blowing to him! I have a feeling that Brennan is going to prison. Barr says evidence from Durham investigation is ‘far more troubling’ than mistakes or sloppiness Attorney General William Barr … Read more

Chicago’s top cop calls spike in shootings a ‘pandemic’ that is draining resources from fighting coronavirus outbreak

Mayor Lori Lightfoot and interim police Superintendent Charlie Beck decried Tuesday’s spike in gun violence in Chicago, saying the shootings strain the city’s health services at a time when hospitals need to focus on the coronavirus pandemic. “Violence of any kind is never acceptable,” Lightfoot said. “But the fact that this is especially urgent now … Read more