“The stars have aligned for the dollar to weaken more. The US simply faces more risks than other major economies at this point.”

"The stars have aligned for the dollar to weaken more. The US simply faces more risks than other major economies at this point." t.co/JY6smuFeTo

— Jesse Felder (@jessefelder) July 14, 2020

Corporate tax receipts for Q2 just collapsed by over 90% YoY!

The government can’t afford to give low tax rates & other breaks for too long.

Stocks are clearly ignoring this risk at record valuations today. pic.twitter.com/MTDVjb4Tmc

— Otavio (Tavi) Costa (@TaviCosta) July 14, 2020

pic.twitter.com/cI3zuuZtAw

— M/I_Investments (@MI_Investments) July 13, 2020

State sales tax revenue falling 20% on average in April-May from a year earlier. Sales tax averages about 25% of state revenues but ranges from 15-60% of revenues. FL and TX are both slightly above 60% t.co/dLqLp8E9eH pic.twitter.com/zng3f7fK6f

— John Eckstein 🤦‍♀️ (@jfeckstein) July 14, 2020

Treasury issuance exceeded Fed QE in Q2 (lhs), even as yields stayed anchored. Looking at monthly flows, issuance was $1,287 bn in April vs $993 bn Fed QE. In May issuance was $772 bn vs Fed QE in $138 bn. June issuance was $731 bn vs Fed QE of $88 bn. Big gap opening up (rhs)… pic.twitter.com/r8d6u2VlrE

— Robin Brooks (@RobinBrooksIIF) July 14, 2020

Medical CPI pic.twitter.com/2wCOe4wlAR

— Win Smart, CFA (@WinfieldSmart) July 15, 2020

Alasdair Macleod – Price of Gold & Silver Is Infinity. Dollar Destroyed by Year End.

Rabobank: “We Now Have A US Dollar Weapon Countdown Underway”

Central Banks Buy Another 40 Tons Of Gold In May