Futures Stage Another Overnight Rebound As Dollar Tumbles Ahead Of Powell NIRP Speech The pajama-traders were active again overnight, ramping US equity futures to overnight highs of 2,870 some 45 points above the late Tuesday lows when fresh fears about new China sanctions accelerated yesterday’s selloff. The rebound was facilitated by another sharp overnight […]
Second Wave? China Orders ‘Partial Lockdown’ Of Border City; Seoul’s Newest Cluster Explodes To 120 Cases: Live Updates As we reported last night, news that LA County suspects its reopening will take up to 3 months – a month longer than previously expected – sent markets lower into the close. That news, combined with Dr. […]
Can Easy Money Really Save The Stock Market? Or Will It Buy More Stagnation? Authored by Amanda Howard via The Mises Institute, After eleven years of nearly uninterrupted advancement, the record-long, QE-spawned bull market is on life support, facing the effects of pandemic lockdown and a massively leveraged global financial system. The sheer scale of […]
World’s Largest Sovereign Wealth Fund Is About To Dump $40 Billion In Bonds & Stocks One of the world’s biggest piles of oil money is taking some profits and planning to dump nearly $40 billion of assets on the market in the coming months in what Bloomberg described as a “historic” sale. As a uniquely […]
Is This The Beginning Of The End Of German Support For NATO? Authored by Mike Shedlock via MishTalk, Make way for the Greens and the Leftists. They do not want US nuclear weapons on German soil. Angela Merkel will soon be gone. The next German coalition already shares new ideas in many areas including NATO. […]
Spanish Beaches Completely Redesigned In Post-Corona World Leave it to the Spaniards to come up with “social ropes” as the country attempts to reopen financially battered resort towns this summer after months of closure due to coronavirus lockdowns. Some beaches in Spain are preparing to introduce specially designated areas that are roped off and will separate different ages and family groups […]
Europe’s COVID-19 Chaos: Lockdown For Locals, Amnesty For Illegals Authored by Soeren Kern via The Gatestone Institute, European governments are using the coronavirus pandemic to grant mass amnesties to hundreds of thousands of illegal immigrants from Africa, Asia and the Middle East. While Europe is experiencing an economic shock without precedent, and tens of millions […]
EU Threatens To Sue After Germany Questions Legality Of ECB Bond Buying Program Germany and the EU are in the midst of an escalating legal struggle that could wreak havoc for the Eurozone. The struggle came to a head on Sunday when the EU threatened to sue Germany after the country’s top court questioned the […]
Who Controls The British Government Response To COVID-19, Part 2 Authored by Vanessa Beeley via Off-Guardian.org, “To achieve world government, it is necessary to remove from the minds of men their individualism, loyalty to family tradition, national patriotism, and religious dogmas.” – Dr George Brock Chisholm, who served as the first Director-General of the World […]
Pentagon Has An Obsession With This Robot Minesweeping Stealth Boat The Pentagon has agreed to allocate an additional $20.7 million in funding to AAI Corp., a unit of Textron Systems, for engineering and technical services to develop more robot stealth boats that probe for underwater mines and can attack enemy forces with its machine gun. AAI’s stealth boat is badass, and made […]
On The Battleground Of The Virus, The Fox Laughs Last Authored by Alastair Crooke via The Strategic Culture Foundation, U.S. professor of history at John Hopkins University, Mike Vlahos, in a series of short interviews with John Batchelor, tells us how Coronavirus has become a fiery pivot, pushing different leaders in the U.S. to take existential stands […]
Arkansas Prof Arrested For Concealing ‘Close’ Ties To China; Accused Of ‘Scheme To Defraud’ While Receiving Millions In Grants A professor at the University of Arkansas who received millions of dollars in research grants, including $500,000 from NASA, was arrested on Friday and charged with one count of wire fraud, according to a criminal affidavit […]
“Eat A Waffle, Go To Jail…” – Authoritarians Using COVID-19 Fear To Destroy America Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, A Fresno, California waffle restaurant dared to open its doors for business this weekend to the delight of a long line of customers, who waited up to two […]
“Shocking & Regretful”: UN Security Council Becomes US-China Battleground Over WHO At this point China is grasping at whatever it can to use as leverage to “embarrass” Washington — so to no one’s surprise Chinese officials are expressing outrage at the US blocking a draft United Nations Security Council resolution backing UN chief Antonio Guterres’ call for a global […]
Scarred & Scared: The Reshaping Of The American Consumer Begins Authored by Christopher Condon via BloombergQuint.com, David Wright, 62, stood at the door of his Replay Arcade last week, trying to look at the bright side of things. The sole owner, he’s a tenant at the Mall of Georgia, which shut for a month but […]
Florida Beach Steps Up Enforcement As Visitors Leave 13,000 Pounds Of Trash During Busy Weekend Amazingly, local officials in Florida decided to reopen a beach to the public, and the biggest scandal to arise from the occasion had less to do with the coronavirus, and more to do with more prosaic problems of selfish, sh*tty […]
Soros Has “Faith That Trump Will Destroy Himself”, Fears “Weakened” Xi, Sees “Existential Risk” For EU Gregor Peter Schmitz interviews George Soros for Project Syndicate, The Crisis Of A Lifetime Only one thing is certain about the post-pandemic world: there is no way back to the globalized economy that preceded it. Everything else is up […]
Twitter Takes Its COVID-19 Censorship Into Overdrive It feels like it was just yesterday we pointed out that the Twitter censor machine had gone into overdrive, concerning itself with policing mean comments and curse words. Now, the censorship machine is sliding even further down the slippery slope. In a blog post published yesterday, Twitter said it […]
Druckenmiller Turns Apocalyptic: “Risk-Reward For Equities Is As Bad As I’ve Seen It In My Career” Investing legend Stan Druckenmiller unleashed a firehose of cold water on market bulls today during an interview with the Economic Club of NY (the same venue that will interview Jerome Powell tomorrow on the topic of negative interest rates), […]
China Auto Sales Fall 5.6% YOY In April Despite Sizeable Bounce Back From March The auto market in China is a widely watched economic gauge and leading indicator for the rest of the world, not only because the country is the number one seller of vehicles worldwide, but now also as a litmus test as to […]
Indian Cops Use Metal Tool To Grab Social Distancing Dissidents Authored by Paul Joseph Watson via Summit News, A video out of India shows police officers using a bizarre metal contraption to grab dissidents who violate coronavirus social distancing rules. “Hands up!” barks a police officer at a man during a demonstration of the tool, […]
Futures Slide After Senators Propose Legislation To Sanction China If No “Full Accounting” For Coronavirus Outbreak Just hours after futures tumbled following a report that Republican Senator Graham and GOP Senators have introduced a bill sanctioning China for human rights abuses and over its treatment of Uighurs, moments ago futures took another leg lower on […]
In Unprecedented Move, Two Fund Giants Liquidate CLO Warehouses Yesterday we laid out how the magic of modern monetary alchemy (not to be confused with the blunt brain trauma that is the magic money tree of helicopter money) works, by showing how a CLO takes 96% junk rates loans and by repackaging this portfolio, or […]
The Billion-Dollar Buyer Of Cohiba, Romeo y Julieta, And Montecristo Cigar Brands Remains A Smoky Mystery The consortium of buyers of Imperial Brands’ cigar business, who will be acquiring the world renowned Cohiba brand, have mostly remained under the radar. The deal itself has also been “shrouded in a smoky veil of secrecy”, according to […]
China: Coexistence Or Cold War II? Authored by Patrick Buchanan via Buchanan.org, Under fire for his handling of the coronavirus pandemic, President Donald Trump, his campaign and his party are moving to lay blame for the 80,000 U.S. dead at the feet of the Communist Party of China and, by extension, its longtime General Secretary, […]
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