“Everything Has Been Cancelled”: Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April The misery in Class 8 heavy duty truck orders continues. Still struggling with the remnants of an order backlog that started almost two years ago with record orders in August 2018, the industry was unable to find an […]
“There’s No Question It’s A Fraud”: Fmr Trump Attorney Says Mueller “Badly Misled” White House, Schiff Is “Nancy’s Liar” Former Trump attorney John Dowd says it’s “staggering” that former Special Counsel Robert Mueller’s “so-called Dream Team would put on such a fraud,” after the Wednesday release of the investigation’s “scope memo” revealed that Mueller was […]
White House Shelves Detailed CDC Guide To Reopening Country: “Will Never See Light Of Day” Weeks after President Trump tweeted messages to “Liberate” various states like Michigan, whose governor has come under fire for imposing some of the most draconian ‘stay at home’ and lockdown measures nationwide, the White House has shelved a detailed Centers for […]
The Science Of Fear: How The Elites Use It To Control Us & How To Break Free Authored by Mac Slavo via SHTFplan.com, Fear is one of the most powerful tools the elites have at their disposal. Using the mainstream media, politicians and others who want world domination can inject fear into the public at […]
Desperate Auto Dealers Betting Big On Discounts To Help Move Inventory We have been extensively documenting the growing auto industry glut that literally has ports so full that they are keeping ships at sea because they can’t accept any more inventory. But now, the auto industry looks as though it has a plan to move […]
Governor Pritzker’s Plan To Reopen Illinois Makes No Sense Authored by Mark Glennon via wirepoints.org, Governor JB Pritzker earlier made the extraordinary request for courts to rule that he may extend his sweeping emergency powers as long as he chooses, which would set a horrible precedent. This week he released his plan for reopening the state, called Restore Illinois, […]
‘Blame China, Save The Economy’ – Trump Campaign Embraces New 2020 Messaging Looking ahead to November, President Trump now finds himself in an unenviable position for an incumbent. The clock has struck midnight, and Trump’s heavily-stimulated growth-oriented economy has turned into a pumpkin, so to speak. Looking back over the last half-century, two one-term presidents […]
Here’s Where Friday’s Employment Report Could Really Disappoint Authored by Bryce Coward via Knowledge Leaders Capital blog, Given the surge in unemployment claims over the last month the US unemployment rate is expected to rise to 16% in April from just 4.4% in March. Shocking as that number is, we have no problem with that […]
Texas’ Anti-Climactic Reopening: Malls & Restaurants Empty, Beaches & Parks Packed As predicted, even when the economy finally opens back up across the US, the severe hit which has already seen a number of major retailers file for bankruptcy – with Nieman Marcus being the latest Thursday, it won’t mark the end of the financial pain. […]
Schiff Folds: Publishes Russiagate Transcripts After Showdown With DNI Following the standoff between Rep. Adam Schiff (D-CA) and Acting DNI Richard Grenell, the House Intelligence Committee published all of the Russia investigation transcripts Thursday evening. Interview Transcripts: Interview Transcript of Rinat Akhmetshin (November 13, 2017) Interview Transcript of Stephen Bannon (January 16, 2018) Interview Transcript […]
Powell Needs To Immediately Address Negative Rates Or He Will Lose Control Today was a historic day, not for the latest algo-driven meltup in stocks, but because for the first time ever, fed fund futures priced in negative rates, first in January 2021 and shortly after, as recently as November 2020. In response to the […]
San Antonio City Council Passes Resolution Declaring “Chinese Virus, Kung Flu” To Be “Hate Speech” Authored by Paul Joseph Watson via Summit News, San Antonio City Council has unanimously passed a resolution that declares the terms “Chinese Virus” and “Kung Flu Virus” to be hate speech. President Trump and many of his supporters have used […]
Kansas Officials Signal Readiness For 2nd Lockdown Ahead Of November Election As states reopen their economies this spring and likely into summer, new threats are emerging that another round of shutdowns could be seen in the second half of the year, which would coincide with the upcoming presidential election. This time, the closures will not be about “flattening the […]
China’s COVID Cover-Up, Economic War, & The Elites Who Benefit Authored by Brandon Smith via Alt-Market.com, “Actually, as Winston well knew, it was only four years since Oceania had been at war with Eastasia and in alliance with Eurasia. But that was merely a piece of furtive knowledge, which he happened to possess because his […]
Here Are The Answers To The Two Questions Most Frequently Asked By Bond Investors With bond yields trapped in an painfully narrow – almost Yield Curve Control-ish – range in the past month, rates investors have been torn between two extremes: does the ongoing economic recession assure disinflation for the next decade, something which 10Y […]
Uber Slides As Company Continues To Burn Cash, “Eats” EBITDA Drops Despite Soaring Revenue While Lyft impressed investors with its Q1 earnings beat, which however barely accounted for a dramatic slowdown in the company’s business in the second half of March which forced the company to fire thousands and suspend guidance, moments ago Uber also […]
Yale Prof Promotes “Trump Death Clock”, Says COVID-19 Response “Awfully Close To Genocide” Authored by Jon Street via CampusReform.org, Yale epidemiologist says the “mass death” that has occurred in the U.S. amid the coronavirus pandemic is “awfully close to genocide.” Yale University Assistant Professor of Epidemiology Gregg Gonsalves tweeted Wednesday, “So, what does it mean to let […]
As Nasdaq Erases 2020 Losses, Negative Rate Forecasts Send Yields To Record Lows What’s wrong with this picture… 33 million Americans have gone on the dole in the last seven weeks… 2Y Treasury yields broke down to record lows (as did 5Y)… Source: Bloomberg Negative rates are now being priced in for Q4 2020… Source: […]
Record Plunge In Service Sector “Business Activity” Points To Profits Crash Submitted by Joseph Carson, former chief economist of Allianz, The Institute of Supply Management’s April Survey of the non-manufacturing sector (i.e., service industries) showed a record plunge in “business activity”. The scale of the decline is far bigger than anything seen during the Great […]
Jailed Salon Owner Freed By TX Supreme Court; Rakes In $500K From GoFundMe Donations Texas salon owner Shelley Luther has been ordered to be released by the state Supreme Court after a she stood up to a judge who called her “selfish” for keeping her business open during the statewide coronavirus lockdown, before sentencing her […]
US Consumer Credit Unexpectedly Crashes As Americans Repay A Record Amount Of Credit Card Debt Heading into today’s consumer credit print we already learned last week that in March, with US consumer spending crashing the most on record as a result of complete economic halt due to the coronavirus pandemic… … the US savings rate […]
Tesla Has Shut Down Production In Shanghai Double whammy for Elon Musk. The embattled CEO, who has mostly been focused on his recent $700 million payday, the bizarre naming of his newborn child and an upcoming second appearance on the Joe Rogan podcast (because the first one went so well) now officially has zero vehicle production lines up […]
Inside The “Mind-Blowing,” “Crazy,” “Insane,” “Ridiculous” Tanker Sell-Off Authored by Greg Miller at FreightWaves, On Wednesday, U.S.-listed tanker owners reported record-high results, executives confirmed strengthening rates on conference calls, the broader stock market was relatively stable (at least until the last hour), the price of crude oil declined … and yet, tanker stocks fell sharply […]
He Is “An Innocent Man” – Trump Happy After DoJ Drops All Charges Against General Flynn Shortly after Brandon Van Grack, the chief of the Justice Department’s Foreign Agents Registration Act division, filed a notice of his withdrawal in federal court in Washington, The Justice Department has this morning said it is dropping the criminal […]
When Governments Switched Their Story From “Flatten The Curve” To “Lockdown Until Vaccine” Authored by Ryan McMaken via The Mises Institute,m In the early days of the COVID-19 panic – back in mid-March – articles began to appear pushing the idea of “flattening the curve” (the Washington Post ran an article called “Flatten the Curve” on March […]
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