The two largest institutions in the US have $53 trillion dollars of assets which are wielded with zero democratic oversight.

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by RebornAsBear Here is the approximate dollar power each of these largest institutions has: State Street ($28 trillion Assets under Administration): https://en.wikipedia.org/wiki/State_Street_Corporation JP Morgan Chase ($25 trillion AUA): https://en.wikipedia.org/wiki/JPMorgan_Chase Northern Trust ($11 trillion AUA): https://www.northerntrust.com/europe/pr/2019/northern-trust-appointed-by-introspect-for-custody-and-brokerage Blackrock ($7.4 trillion AUA): https://en.wikipedia.org/wiki/BlackRock Vanguard ($6 trillion AUA): https://about.vanguard.com/who-we-are/fast-facts/ Fidelity ($6.6 trillion AUA): https://www.pionline.com/article/20190221/ONLINE/190229952/fidelity-sees-record-revenue-operating-income-despite-dip-in-aum Charles Schwab ($4 trillion AUA): https://www.brokerage-review.com/investing-firm/assets-under-management/charles-schwab-aum.aspx Bank of America ($2.5 trillion AUA): http://investor.bankofamerica.com/news-releases/news-release-details/bank-america-shareholders-approve-merrill-lynch-purchase#fbid=J18oG-Gz92P … Read more

30-year treasury bond yields break to all-time low

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by essentialinvitation Just wanted to share the news that treasury bonds are hitting new lows. This and movements in gold may suggest that people are flocking to safety: https://www.marketwatch.com/story/30-year-treasury-bond-yield-breaks-to-all-time-low-as-coronavirus-fears-lift-havens-2020-02-21 Key takeaways: The 10-year Treasury note yield TMUBMUSD10Y, -2.34% was down 3 basis points to 1.495%, the lowest since last September, while the 2-year note rate … Read more

$AMRN earnings play – 67% upside to price target – MONDAY first profit report on new FDA approved drug

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by JRzhutou $AMRN ‘s medication Vascepa got FDA approved mid December last year and is the first FDA approved drug to reduce cardiovascular risk among patients with elevated bla bla suck suck. In other words, boomers will gobble on this pill like on their fucking 2% yearly gains all day long. AMRN main competitors have have … Read more

“The greatest economy ever seen. Nobody thought it was even possible. People can’t believe it.”

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https://twitter.com/anilvohra69/status/1230613315321090049 I used to think the most expensive words on Wall Street were “this time is different.” Now I’m thinking they might be “it’s contained.” Ben Bernanke lives on!! — Jim Bianco (@biancoresearch) February 20, 2020 could be important pic.twitter.com/E8NvCipw35 — 📈 Len Kiefer 📊 (@lenkiefer) February 20, 2020 Conference Board Leading Economic Index Picked … Read more

Bloomberg spent more of his own money in a month than the others (ex-Steyer) will make in their entire lives

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Bloomberg spent more of his own money in a month than the others (ex-Steyer) will make in their entire lives pic.twitter.com/6HQScWfEuz — The Long View (@HayekAndKeynes) February 20, 2020 Let's Get Mikey To Buy It! #Election2020 #democracy2020 or #Oligarchy 2020? #DNC to the highest bidder, Just Like In 2106 when #HillaryClinton bought the nomination. As … Read more

For all those who still believe markets are efficient and don’t run on 1. Emotion 2. Excess liquidity

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https://twitter.com/othersideam/status/1230294597181607937 Amazing stats on $SPCE:-134 million shares traded-$12 intraday swing -Selling at 1,600 times revenue Congratulations to Jay Clayton! This is your legacy. pic.twitter.com/HFgxuepuya — TC (@TESLAcharts) February 20, 2020 Virgin Galactic's stock is having a wild day: – up earlier nearly 14% to a record high of $42.49– down now over 17% to a … Read more

U.S. poised to celebrate its first Panama Papers tax conviction – ICIJ

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Remember the Panama papers? Well they are finally about to hold someone accountable.   A German businessman charged with tax evasion and money laundering offenses following the publication of the Panama Papers investigation will plead guilty in New York, federal prosecutors said. Harald Joachim von der Goltz, a former U.S. taxpayer, was indicted in December 2018 on charges that … Read more

You can’t make this shit up. Here is an example of what corporate mainstream media is pushing: “Iraq Needs Regime Change Again”

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by salvia_d Here is a perfect example of what’s wrong with our societies. One of the most influential – in Wall Street and the western political sphere – is calling for more “Regime” change in Iraq. Anyone want to guess who the real authors of this rag are? https://archive.is/nUBfq#selection-573.0-577.747 The United States faces an increasingly urgent … Read more

Economic Contagion Spreading Fast: Crisis On Main Street Imminent?

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Mike & Half Dollar are your hosts for Silver Doctors Live. We currently live-stream on Mondays, Wednesdays and Fridays at 11:00 a.m. EST. Watch the show live, or the replay of it, in its entirety below! Link to the Silver Doctors YouTube Channel if needed: https://www.youtube.com/silverdoctors Using an example out of New York City, we clearly see that even … Read more

Warren Buffett’s worst year since the stock market crashed…

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by Simon Black Warren Buffett’s holding company, Berkshire Hathaway, didn’t outperform the S&P 500 last year. Berkshire Hathaway grew slightly in 2019, but its performance lagged far behind the S&P 500 stock market index. That’s an anomaly for Buffett. He’s handily outperformed the S&P 500 for decades, endearing himself to millions of investors along the way. … Read more

China’s Car Sales Plunge 92% On Coronavirus Fears

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By Tsvetana Paraskova China’s passenger car sales tumbled by 92 percent year on year in the first two weeks of February, due to the coronavirus outbreak, which is also expected to result in a significant decline in Chinese trade growth and to reduce foreign investments into China this quarter. According to data from the China Passenger Car … Read more

LA finally going to solve homeless crisis with “Housing Central Command”

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by DCG The street of LA… Like many progressive-run, West coast cities, Los Angeles has had a homeless crisis for many years. In June 2019, it was announced that the number of homeless people in Los Angeles County jumped 12 percent over the previous year, despite $619 million in government tax spending tax payer dollars to help alleviate the problem. … Read more