The market has been on such an insane run that even after losing over 1500 points in the recent sessions, the DOW is only back down to about where it was in mid-November 2019.

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Chart here: https://www.cnbc.com/quotes/?symbol=.DJI Obviously, it can keep falling if coronavirus continues to spread, I get that. But I wonder if part of this isn’t JUST the virus, although that was the major causative factor. I think people were generally thinking this market needed a bit of a correction, and the virus, while a major danger to … Read more

Exercise DEFENDER-Europe 20 is a U.S.-led multinational exercise, including NATO’s largest deployment in 25 years

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Exercise DEFENDER-Europe 20 is a U.S.-led multinational exercise, including NATO’s participation. It is the largest deployment of U.S.-based forces to Europe in more than 25 years with 20,000 soldiers deployed directly from the U.S. to Europe. https://thewatchtowers.org/exercise-defender-europe-20-is-a-u-s-led-multinational-exercise-including-natos-participation-it-is-the-largest-deployment-of-u-s-based-forces-to-europe-in-more-than-25-years-with-20000-soldier/ Some Chinese and Russians are speculating this is a pretext for an actual engagement…     h/t Google_It

US troops in Korea are on high alert, condition Charlie!

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US troops in Korea are on high alert for coronavirus after widow of retired soldier tests positive USFK is now at health protection condition Charlie, the second-highest level behind Delta. The alert comes as the number of confirmed cases in South Korea rose over 800, with seven deaths https://www.businessinsider.com/us-forces-korea-high-alert-for-coronavirus-after-positive-test-2020-2 South Korea places more than 7,000 … Read more

NYC ‘Serial Robber’ Praises Elimination Of Bail For Most Misdemeanors & Some Non-violent Felonies

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by Simon Black of Sovereign Man Are you ready for some absurdity? Here’s our roll-up of the most ridiculous stories from around the world that are threats to your liberty, your finances, and your prosperity. UK urges parents to report their kids to police for using normal technology Police in the UK are distributing a flyer to teachers … Read more

BEYOND PARODY: CA Governor Gavin Newsom Says Doctors Should Be Able To Write Prescriptions For Housing

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Newsom, getting deep: “Doctors should be able to write prescriptions for housing the same way they do for insulin and antibiotics. Why not?” pic.twitter.com/8BD7eSkla8 — Tom Elliott (@tomselliott) February 19, 2020 California has a serious homeless problem. The governor, Gavin Newsom, recently proved he has absolutely no idea how to solve it. During his state … Read more

Fake Markets Are on Collision Course with Reality

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by Money Metals  Keeping up appearances is about to get a lot harder for the central planners trying to manage perceptions of the U.S. (and global) economy. The coronavirus is going to have a meaningful impact on global supply chains, even if stock market cheerleaders haven’t fully realized it yet. This might be because the corporate … Read more

Earnings Lies & Why Munger Says “EBITDA is Bull S***”

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by Lance Roberts Earnings Worse Than You Think Just like the hit series “House Of Cards,” Wall Street earnings season has become rife with manipulation, deceit and obfuscation that could rival the dark corners of Washington, D.C. What is most fascinating is that so many individuals invest hard earned capital based on these manipulated numbers. The failure to … Read more

China is a giant with a (debt) clay feet

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And, lacking most of the shadow banking sector.#China is a giant with a (debt) clay feet.👉https://t.co/k7YMLCEPMT#coronavirus #debt #economy https://t.co/gXwVgZnQby — Tuomas Malinen (@mtmalinen) February 24, 2020 Reminder largest expansion of credit in history greater than entire US banking system, in a decade If you believe their economic data, and their censored 'local' news, you'll love … Read more

Fed fund futures prob of a cut

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Fed fund futures prob of a cut* March 18 (blue) = 14%* April 29 (orange) = 52%* June 10 (red) = 92%* July 29 (green) = 126% April 29 now at 52%! is the Fed "ready" to cut rates this spring? Think of this as "market forward guidance."@DavidBeckworth @GeorgeSelgin pic.twitter.com/Za8Lcy0Mhr — Jim Bianco (@biancoresearch) February … Read more