investmentwatchblog--2020-08-28--Last time VIX and SPX were both green two days in a row was the peak of the dot com bubble.  They’ve

Last time VIX and SPX were both green two days in a row was the peak of the dot com bubble.  They’ve never been green together for three days ever.

Last time VIX and SPX were both green two days in a row was the peak of the dot com @ @ @ @ @ been green together for three days ever .
t.co/k7fkvmbCSB Correction Watch : Divergences Are Developing @ @ @ @ @ Everything Else t.co/7UisYBtwdA 2 weeks in a row of unemployment claims of 1 million .
@ @ @ @ @ of record market highs making the rich richer .
This is the Fed ’ s @ @

Last time VIX and SPX were both green two days in a row was the peak of the dot com bubble. They've never been green together for three days ever. t.co/k7fkvmbCSB
Correction Watch: Divergences Are Developing Between Large US Stocks & Everything Else t.co/7UisYBtwdA
2 weeks in a row of unemployment claims of 1 million.
2 weeks in a row of record market highs making the rich richer.
This is the Fed’s America.
— Sven Henrich (@NorthmanTrader) August 28, 2020


investmentwatchblog--2020-08-28--This is so far the best joke from FED heard this year.

We Need Someone At The Fed Who Understands Stable Money : Forbes “ Stable Money ” is the principle that @ @ @ @ @ in its monetary affairs , for nearly 200 years , before the floating currency era @ @ @ @ @ worked : the U.S. became , in that time , the wealthiest country in human @ @ @ @ @ and most prosperous middle class…

This is so far the best joke from FED heard this year. t.co/F0ff1MWtO9 — GregTheAnalyst (@Analyst_G) August 28, 2020
MESTER SAYS SHE UNDERSTANDS CONCERN THAT LIQUIDITY FROM FED IS FUELING STOCK MARKET GAINS BUT SHE DOESN'T FEEL FED IS CONTRIBUTING TO AN ASSET BUBBLE – Reuters News pic.twitter.com/a1VLgNuy3F — fiatcurrency (@fiatcurrency) August 28, 2020
The truth is if the Fed is aware its policies are blowing an asset bubble they could never admit it. — Sven Henrich (@NorthmanTrader) August 28, 2020
One more thing: When was the last time FED recognised there is a bubble? — Sunchartist (@sunchartist) August 28, 2020
In complete denial or outright lying.
You choose.
Thanks @MelissaLeeCNBC for asking the question and getting her on record. t.co/pc5HgCLOwn — Sven Henrich (@NorthmanTrader) August 28, 2020
In the USA, there are now more people in the top 1% — AND more people in the bottom 50% — than ever before. Distribution of Household Wealth in the U.S. since 1989 via @FederalReservet.co/I9AkuBoble pic.twitter.com/Er6YHX0Scq — Barry Ritholtz (@ritholtz) August 28, 2020
Imagine if a politician ran on the Fed's policies: a tax hike (inflation) of 2% / yr every single year. Endless asset bubbles for the Top 10% that it's own research shows never trickles down. Backdoor bailouts to Wall St + Congress. 0% rates = now need 5x more savings to retire pic.twitter.com/Zop6jWdF6E — M/I_Investments (@MI_Investments) August 28, 2020
Next crash and Powell will be begging Congress for the Fed to buy stocks directly.
And Congress will give the green light. — Sven Henrich (@NorthmanTrader) August 28, 2020
“Stable Money” is the principle that the United States used, in its monetary affairs, for nearly 200 years, before the floating currency era began in 1971. It worked: the U.S. became, in that time, the wealthiest country in human history, with the broadest and most prosperous middle class…
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investmentwatchblog--2020-08-28--Watch for an undercut and rally in $DXY.

Watch for an undercut and rally in $DXY. pic.twitter.com/BhnSYqqeiX — Hoz (@Hoz94s) August 28, 2020
The Federal Reserve's new plan to lift inflation faces skepticism t.co/KTSwkhWbi7 via @business @SteveMatthews12 — Chris Condon (@chrisjcondon) August 28, 2020
Fed’s Kaplan: For Him, Inflation A Little Bit Above 2%, Means Maybe 2.25% But Fed Seeks Flexibility — LiveSquawk (@LiveSquawk) August 28, 2020


investmentwatchblog--2020-08-28--Nobody is talking about the bogeyman of U.S. Federal debt headed to $27 trillion dollars, who on Ear

`` Nobody is talking about the bogeyman of U.S. Federal debt headed to $ 27 trillion dollars , who on @ @ @ @ @ of the tooth fairy ?
At some time adults have to rationally speak about the @ @ @ @ @ state or national level '' # Cavutot.co/JbruiDUYXR

"Nobody is talking about the bogeyman of U.S. Federal debt headed to $27 trillion dollars, who on Earth pay for that outside of the tooth fairy? At some time adults have to rationally speak about the bills racked up on the state or national level"#Cavutot.co/JbruiDUYXR
— Danielle DiMartino Booth (@DiMartinoBooth) August 28, 2020


investmentwatchblog--2020-08-28--Remy: Fed Asst’d Printing (WAP Parody)

Remy: Fed Asst’d Printing (WAP Parody)

Remy has thoughts about liquidity too .
Financial liquidity .
Parody of Cardi B ’ s “ WAP , ” @ @ @ @ @ written and performed by Remy ; music tracks and mastering by Ben Karlstrom ; video @ @ @ @ @ Bragg .

Remy has thoughts about liquidity too. Financial liquidity.
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Parody of Cardi B’s “WAP,” featuring Megan Thee Stallion, written and performed by Remy; music tracks and mastering by Ben Karlstrom; video produced by Meredith and Austin Bragg.


investmentwatchblog--2020-08-28--TSLA could have topped. I think big players will dump shares into the split on Monday..

I think big players will dump shares into the split on Monday..
If I were long I would take all @ @ @ @ @ am looking to short , I would go with a small position here at first @ @ @ @ @ around 2370 ) pic.twitter.com/msmVpxMhJd

$TSLA could have topped.
I think big players will dump shares into the split on Monday..
If I were long I would take all profits here.
If I am looking to short, I would go with a small position here at first(with a tight stop around 2370) pic.twitter.com/msmVpxMhJd
— Hoz (@Hoz94s) August 28, 2020


investmentwatchblog--2020-08-28--If the Fed can’t lift inflation, what does that say about its ability to ensure full employment?

If the Fed ca n't lift inflation , what does that say about its ability to ensure full employment ?
@ @ @ @ @ announced the Fed has found the much awaited cure for deflation Henceforth it will be @ @ @ @ @ growth Pressed for details , he said `` It 's a secret '' adding `` @ @ @ @ @ ''

If the Fed can't lift inflation, what does that say about its ability to ensure full employment? t.co/w71wRUdDT2
Breaking news-
Jerome Powell announced the Fed has found the much awaited cure for deflation
Henceforth it will be able to produce inflation & growth
Pressed for details, he said "It's a secret" adding "but it does involve magic"
Japanese economists could be heard sighing… pic.twitter.com/QJgfKIoGZb
— Paul Gambles (@PaulGambles2) August 28, 2020


investmentwatchblog--2020-08-28--Ultra-Wealthy Club Stockpiles Cash as Economy Fears Grow…  Bartering experiencing unprecedented rise

Ultra-Wealthy Club Stockpiles Cash as Economy Fears Grow…  Bartering experiencing unprecedented rise…

( Bloomberg ) — A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels .
Tiger 21 , a club of more than 800 investors , reported Thursday that its members have raised their cash holdings to 19 % of their total assets on concerns over the economic consequences of the covid pandemic in the U.S. That ’ s up from about 12 % since the start of the outbreak .
About a quarter now expect the crisis to continue until the end of next June , the group said .
“ This rise in cash @ @ @ @ @ @ @ this is the largest , fastest change in asset allocation Tiger 21 has seen , ” said Michael Sonnenfeldt , chairman of the club , whose participants typically have more than $ 100 million in assets .
“ In trying to build resources prudently , members have gained liquidity and will not immediately reinvest in those areas in order to keep and build cash to weather this storm.
” Amid economic uncertainty – and a desire to connect as we distance – bartering is experiencing an unprecedented rise .
Could it stick around @

Ultra-Wealthy Club Stockpiles Cash as Economy Fears Grow…
(Bloomberg) — A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels.
Tiger 21, a club of more than 800 investors, reported Thursday that its members have raised their cash holdings to 19% of their total assets on concerns over the economic consequences of the covid pandemic in the U.S. That’s up from about 12% since the start of the outbreak. About a quarter now expect the crisis to continue until the end of next June, the group said.
“This rise in cash is an extraordinary change — statistically, this is the largest, fastest change in asset allocation Tiger 21 has seen,” said Michael Sonnenfeldt, chairman of the club, whose participants typically have more than $100 million in assets. “In trying to build resources prudently, members have gained liquidity and will not immediately reinvest in those areas in order to keep and build cash to weather this storm.”
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Bartering experiencing unprecedented rise…
Amid economic uncertainty – and a desire to connect as we distance – bartering is experiencing an unprecedented rise. Could it stick around?
L London-based nurse Marjorie Dunne joined Barter United Kingdom after spending five days in hospital with coronavirus in April. The group, which she originally joined to get rid of a few unwanted items unearthed during spring cleaning, ended up helping Dunne through one of the toughest times of her life. “It really helped me out with meals for my family,” says Dunne. “I didn’t have the energy to cook, I was spending a fortune on online grocery shopping and having meals brought to the house was a tremendous help.” Members of Barter United Kingdom, which started on 23 April and had 1,300 members as of early August, swapped curries, roti and cakes for Dunne’s dresses and DVDs. Around the world, people have been turning to swapping, trading and bartering during the coronavirus pandemic, whether to do their bit for the local community, save money or simply source hard-to-find baking ingredients. With economic uncertainty looming and anxiety levels soaring, barter is becoming an emerging alternative solution to getting by – and staying busy – amid Covid-19.


investmentwatchblog--2020-08-28--Leftist trash spit on people as they enter the RNC

These were attendees of the RNC being spit on as they entered their hotel .
pic.twitter.com/XH0eiZf9Y1

These were attendees of the RNC being spit on as they entered their hotel. pic.twitter.com/XH0eiZf9Y1
— Chomp (@ChompSkis) August 28, 2020


investmentwatchblog--2020-08-28--Retiring Bullhead City Police Chief Brian Williamson’s daughter surprises him during his final call

Retiring Bullhead City Police Chief Brian Williamson ’ s daughter surprises him during his final call to dispatch .
💙 @

Retiring Bullhead City Police Chief Brian Williamson’s daughter surprises him during his final call to dispatch. 💙 pic.twitter.com/n7hYKmrl7I
— BHCPD (@BhcpdNews) August 27, 2020


investmentwatchblog--2020-08-28--The Media are downplaying the attack on Rand Paul – Surprise, Surprise

No @ politico , we were not “ confronted ” by protestors .
We were circled by a hateful mob @ @ @ @ @ us from moving .

No @politico, we were not “confronted” by protestors. We were circled by a hateful mob shouting vile expletives, preventing us from moving.
— Kelley Paul (@KelleyAshbyPaul) August 28, 2020


investmentwatchblog--2020-08-28--The Fed’s Big Lie – Ignore Powell’s happy talk. The Fed is desperate and merely playing for time.

Insanity is doing the same thing over and over again , but expecting different results .
Federal Reserve Chairman Jerome Powell announced on Thursday that the Fed will now shift its focus from hitting inflation targets and instead prioritize closing “ unemployment shortfalls ” .
This gives it the aircover to do “ whatever it takes ” until the unemployment rate is back down into the low single digits .
Inflation can now run hotter than 2 % , rates can stay at 0 % ( or go negative ) for the next decade+ , more QE… .
all is @ @ @ @ @ @ @ lower unemployment .
Essentially , the Fed is now tripling-down on the same failed policies that have created today ’ s zombie economy and the worst economic inequality in our nation ’ s history .
Perhaps the folks at the Fed are smarter than we think , and there ’ s actually a grand plan they ’ re pursuing that ’ s going to work out to society ’ s benefit ?
Sadly no , reveals this week ’ s expert guest , Danielle DiMartino-Booth .
Danielle knows the Fed inside and out @ @ @ @ @ @ @ for nearly a decade to Richard Fischer , President of the Federal Reserve Bank of Dallas , including helping deal with the Great Financial Crisis .
She knows how the organization runs , as well as the specific people running it .
And her assessment is that the Fed is trapped in a nightmare of its own making and is merely playing for time at this point .
Everything it throws at the situation is designed to hopefully get the system to limp through the next quarter or two without breaking , at @ @ @ @ @ @ @ come up with the next short-term “ solution ” .
In the video below , Danielle breaks down the important takeaways and repercussions of Chairman Powell ’ s Jackson Hole speech and vents her frustration at both his duplicity with the public and the media ’ s cowardly refusal to hold him to account .
As our other recent guest experts have warned , Danielle confirms this is an exceptionally treacherous time in the markets for investors , as the Fed ’ s intervention has and continues to deform and distort prices far @ @ @ @ @ @ @ a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here .
And if you ’ re one of the many readers brand new to Peak Prosperity over the past few months , we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations .
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website .
@ @ @ @ @ @ @ , great .
But if not , consider talking to the team at New Harbor .
We ’ ve set up this ‘ free consultation ’ relationship with them to help folks exactly like you .

by Adam Taggart
Insanity is doing the same thing over and over again, but expecting different results.
Federal Reserve Chairman Jerome Powell announced on Thursday that the Fed will now shift its focus from hitting inflation targets and instead prioritize closing “unemployment shortfalls”.
This gives it the aircover to do “whatever it takes” until the unemployment rate is back down into the low single digits. Inflation can now run hotter than 2%, rates can stay at 0% (or go negative) for the next decade+, more QE…. all is fair game now in the pursuit of lower unemployment.
Essentially, the Fed is now tripling-down on the same failed policies that have created today’s zombie economy and the worst economic inequality in our nation’s history.
Perhaps the folks at the Fed are smarter than we think, and there’s actually a grand plan they’re pursuing that’s going to work out to society’s benefit?
Sadly no, reveals this week’s expert guest, Danielle DiMartino-Booth. Danielle knows the Fed inside and out, as she worked as a consultant for nearly a decade to Richard Fischer, President of the Federal Reserve Bank of Dallas, including helping deal with the Great Financial Crisis. She knows how the organization runs, as well as the specific people running it.
And her assessment is that the Fed is trapped in a nightmare of its own making and is merely playing for time at this point. Everything it throws at the situation is designed to hopefully get the system to limp through the next quarter or two without breaking, at which point they’ll scramble to come up with the next short-term “solution”.
We are primarily funded by readers. Please subscribe and donate to support us!
In the video below, Danielle breaks down the important takeaways and repercussions of Chairman Powell’s Jackson Hole speech and vents her frustration at both his duplicity with the public and the media’s cowardly refusal to hold him to account.
As our other recent guest experts have warned, Danielle confirms this is an exceptionally treacherous time in the markets for investors, as the Fed’s intervention has and continues to deform and distort prices far beyond reason:
<
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical coronavirus preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.


investmentwatchblog--2020-08-28--Demorat-run Chiraq: As murders/crime soar, judges are freeing more violent-crime suspects on electro

Demorat-run Chiraq: As murders/crime soar, judges are freeing more violent-crime suspects on electronic monitoring

From MyFoxChicago : Judges in Chicago have increasingly ordered criminal defendants placed into an electronic-monitoring program in lieu of jail , a move police officials blame for the surge in gun violence plaguing the city .
On Aug. 9 , 43 people facing murder charges were enrolled in Cook County ’ s electronic-monitoring program , a 40 % increase from the same day last year .
In addition , 160 people charged with robbery and 1,000 people charged with illegal gun possession are enrolled as of Aug. 9 , the Chicago Sun-Times reported .
The Chicago Police Department has cited @ @ @ @ @ @ @ otherwise be granted high bail or remanded to police custody for the spike in gunplay .
“ My hope is that the deaths of these young people will not be in vain and will prick the hearts of the decision-makers who release violent offenders on electronic monitoring back into these very communities to mete out this kind of violence every weekend , ” police Superintendent David Brown said after a bloody Independence Day weekend during which two children , ages 7 and 14 , were killed .
None of the three of the @ @ @ @ @ @ @ 7-year-old Natalia Wallace over the holiday weekend was ordered into the monitoring program , according to the newspaper .
However , the department gave the Times several examples of defendants charged with violent crimes who committed more offenses while subject to electronic monitoring .
One is Chrishawn Thomas , 18 , who is accused of robbing a female driver in March at gunpoint .
He was granted $ 500 bail and placed on electronic monitoring .
Weeks later , the Cook County Sheriff ’ s Office received an “ unauthorized leave ” alert @ @ @ @ @ @ @ he allegedly shot an off-duty Chicago police officer during an attempted robbery .
The officer returned fire and hit Thomas in the legs .
Thomas was arrested and is being held without bail .
People typically placed on electronic monitoring are usually required to stay home with exceptions typically made for school or work .
Chief Cook County Judge Timothy Evans said judges “ must balance the right of the defendant to be presumed innocent with any evidence that the defendant would pose a real and present threat to the physical safety of @ @ @ @ @ @ @ released from detention and into monitoring has increased because of the coronavirus pandemic , the newspaper reported .
Correctional facilities throughout the country have similarly reduced their inmate populations in an effort to prevent infections .
Read the whole story here .

by DCG
From MyFoxChicago: Judges in Chicago have increasingly ordered criminal defendants placed into an electronic-monitoring program in lieu of jail, a move police officials blame for the surge in gun violence plaguing the city.
On Aug. 9, 43 people facing murder charges were enrolled in Cook County’s electronic-monitoring program, a 40% increase from the same day last year. In addition, 160 people charged with robbery and 1,000 people charged with illegal gun possession are enrolled as of Aug. 9, the Chicago Sun-Times reported.
The Chicago Police Department has cited the increase in program participants who would otherwise be granted high bail or remanded to police custody for the spike in gunplay.
“My hope is that the deaths of these young people will not be in vain and will prick the hearts of the decision-makers who release violent offenders on electronic monitoring back into these very communities to mete out this kind of violence every weekend,” police Superintendent David Brown said after a bloody Independence Day weekend during which two children, ages 7 and 14, were killed.
None of the three of the men charged in the shooting death of 7-year-old Natalia Wallace over the holiday weekend was ordered into the monitoring program, according to the newspaper. However, the department gave the Times several examples of defendants charged with violent crimes who committed more offenses while subject to electronic monitoring.
One is Chrishawn Thomas, 18, who is accused of robbing a female driver in March at gunpoint. He was granted $500 bail and placed on electronic monitoring. Weeks later, the Cook County Sheriff’s Office received an “unauthorized leave” alert related to Thomas.
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Hours later, he allegedly shot an off-duty Chicago police officer during an attempted robbery. The officer returned fire and hit Thomas in the legs. Thomas was arrested and is being held without bail.
People typically placed on electronic monitoring are usually required to stay home with exceptions typically made for school or work.
Chief Cook County Judge Timothy Evans said judges “must balance the right of the defendant to be presumed innocent with any evidence that the defendant would pose a real and present threat to the physical safety of any person.”
The number of people released from detention and into monitoring has increased because of the coronavirus pandemic, the newspaper reported. Correctional facilities throughout the country have similarly reduced their inmate populations in an effort to prevent infections.
Read the whole story here.
DCG


investmentwatchblog--2020-08-28--Supermajors Still Struggling Despite Oil Price Recovery

The global COVID-19 pandemic led to an abysmal second quarter for the earnings of U.S. oil companies , but oil prices themselves staged a recovery during the quarter .
The second quarter began with oil prices having fallen into the teens , and then West Texas Intermediate ( WTI ) went negative for the first time ever .
But by the end of the quarter , the price of WTI had recovered back to $ 40/bbl .
For the entire quarter , the daily closing price of WTI averaged $ 27.96/bbl .
Today the price of oil is just over @ @ @ @ @ @ @ percent lower than where it was at the beginning of the year .
But major oil producers like ConocoPhillips and EOG Resources are still respectively down 42 percent and 49 percent year-to-date , a significant under-performance when measured against the oil price decline .
But how much have the underlying fundamentals recovered since the widespread March and April business shutdowns crushed demand for oil ?
Because some of the following figures are influenced by the season , I will compare current numbers to those at the beginning of the year , as well @ @ @ @ @ @ @ most recent U.S. oil production numbers reported by the Energy Information Administration were 10.7 million barrels per day ( BPD ) for the week ending 8/14/20 .
That is down 1.6 million BPD , or 13 percent , from the 12.3 million BPD at that time last year .
At the beginning of 2020 , U.S. oil production was even higher at 12.9 million BPD , so oil production just this year is down by 2.2 million BPD ( 17 percent ) .
Likewise , demand still hasn ’ t recovered .
For @ @ @ @ @ @ @ four-week average ( because weekly numbers can swing a lot ) for U.S. demand for petroleum products was 18.4 million BPD .
That ’ s a decline of 14 percent from the 21.5 million BPD demand from the same period last year .
But it does mark a substantial recovery from early April when weekly demand dipped below 14 million BPD .
Rig count numbers tell an even more dramatic tale .
A year ago , there were 754 rigs drilling for oil in the U.S. By January 1 , 2020 , that @ @ @ @ @ @ @ COVID-19 brought on demand destruction and sent the rig count into free-fall .
Last week the rig count fell to 172 , a 77 percent decline from a year ago and the lowest level in more than a decade .
Finally , let ’ s look at inventories .
These really tell the tale of how things are balancing out between the production and demand sides .
A year ago , total stocks of crude oil and petroleum products in the U.S. stood at 1.956 billion barrels .
The most recent report shows @ @ @ @ @ @ @ a one-year increase of 7.1 percent .
However , this is down slightly from the 2.117 billion barrel peak level ( an all-time high ) reached in mid-July .
So where do we go from here ?
The inventory data suggests that the oil markets are still somewhat oversupplied , while the rig count data suggests further declines in oil production .
But it will likely take some real declines in inventories before oil prices recover much above current levels .

By Robert Rapier
The global COVID-19 pandemic led to an abysmal second quarter for the earnings of U.S. oil companies, but oil prices themselves staged a recovery during the quarter.
The second quarter began with oil prices having fallen into the teens, and then West Texas Intermediate (WTI) went negative for the first time ever. But by the end of the quarter, the price of WTI had recovered back to $40/bbl. For the entire quarter, the daily closing price of WTI averaged $27.96/bbl.
Today the price of oil is just over $42/bbl, which is about 30 percent lower than where it was at the beginning of the year. But major oil producers like ConocoPhillips and EOG Resources are still respectively down 42 percent and 49 percent year-to-date, a significant under-performance when measured against the oil price decline.
But how much have the underlying fundamentals recovered since the widespread March and April business shutdowns crushed demand for oil? Because some of the following figures are influenced by the season, I will compare current numbers to those at the beginning of the year, as well as those a year ago.
The most recent U.S. oil production numbers reported by the Energy Information Administration were 10.7 million barrels per day (BPD) for the week ending 8/14/20. That is down 1.6 million BPD, or 13 percent, from the 12.3 million BPD at that time last year. At the beginning of 2020, U.S. oil production was even higher at 12.9 million BPD, so oil production just this year is down by 2.2 million BPD (17 percent).
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Likewise, demand still hasn’t recovered. For the same week ending 8/14/20, the four-week average (because weekly numbers can swing a lot) for U.S. demand for petroleum products was 18.4 million BPD. That’s a decline of 14 percent from the 21.5 million BPD demand from the same period last year. But it does mark a substantial recovery from early April when weekly demand dipped below 14 million BPD.
Rig count numbers tell an even more dramatic tale. A year ago, there were 754 rigs drilling for oil in the U.S. By January 1, 2020, that had fallen to 670 rigs. But COVID-19 brought on demand destruction and sent the rig count into free-fall. Last week the rig count fell to 172, a 77 percent decline from a year ago and the lowest level in more than a decade.
Finally, let’s look at inventories. These really tell the tale of how things are balancing out between the production and demand sides. A year ago, total stocks of crude oil and petroleum products in the U.S. stood at 1.956 billion barrels. The most recent report shows these stocks at 2.095 billion barrels, a one-year increase of 7.1 percent. However, this is down slightly from the 2.117 billion barrel peak level (an all-time high) reached in mid-July.
So where do we go from here? The inventory data suggests that the oil markets are still somewhat oversupplied, while the rig count data suggests further declines in oil production. But it will likely take some real declines in inventories before oil prices recover much above current levels.
By Robert Rapier


investmentwatchblog--2020-08-28--Mortgage Delinquencies Hit 10 Year High! Unprecedented Wave of Store Closures Confirmed!

The unbelievable rise of stocks has been unfazed throughout this period of trauma , of stress , and of ultimate chaos .
Look around and the stats have ranged from below normal to absolutely horrible .
What ’ s the solution ?
Growth .
Growth will fix it all .
And what we can ’ t grow out of , we ’ ll just add more taxation to fill those gaps .
What a load of garbage .
But I guess people are servants to their overlords anyway .
They ’ ll accept what they ’ re given , regardless @ @ @ @ @ @ @ give them their Panem et Circenses , their bread and circus .
Black Knight ’ s First Look at July 2020 Mortgage Data Mortgage delinquencies are on the rise – The Washington Post Bubble Watch : 5.5 % of mortgages in California are delinquent – Orange County Register American Airlines is cutting 19,000 jobs when federal aid expires in October More Than Half Of San Francisco Storefronts Closed Due To Pandemic – CBS San Francisco The Great Inflation Debate Is Heating Up With Trillions at Stake – Bloomberg Winter is coming — and @ @ @ @ @ @ @ become a serious headwind on a vaccine : Peter Boockvar

The unbelievable rise of stocks has been unfazed throughout this period of trauma, of stress, and of ultimate chaos. Look around and the stats have ranged from below normal to absolutely horrible. What’s the solution? Growth. Growth will fix it all. And what we can’t grow out of, we’ll just add more taxation to fill those gaps. What a load of garbage. But I guess people are servants to their overlords anyway. They’ll accept what they’re given, regardless of how bad it gets. Just give them their Panem et Circenses, their bread and circus.
Black Knight’s First Look at July 2020 Mortgage Data
www.blackknightinc.com/black-knights-first-look-at-july-2020-mortgage-data/
Mortgage delinquencies are on the rise – The Washington Post
www.washingtonpost.com/business/2020/08/21/serious-mortgage-delinquencies-soared-10-year-high-last-month/
Bubble Watch: 5.5% of mortgages in California are delinquent – Orange County Register
www.ocregister.com/2020/08/25/bubble-watch-5-5-of-mortgages-in-california-are-delinquent/
American Airlines is cutting 19,000 jobs when federal aid expires in October
www.cnbc.com/2020/08/25/american-airlines-is-cutting-19000-jobs-when-federal-aid-expires-in-october.html
More Than Half Of San Francisco Storefronts Closed Due To Pandemic – CBS San Francisco
sanfrancisco.cbslocal.com/2020/08/24/more-than-half-of-san-francisco-storefronts-closed-due-to-pandemic/
The Great Inflation Debate Is Heating Up With Trillions at Stake – Bloomberg
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www.bloomberg.com/news/articles/2020-08-25/the-great-inflation-debate-is-heating-up-with-trillions-at-stake
Winter is coming — and restaurants are scrambling – CNN
www.cnn.com/2020/08/25/business/restaurants-winter-outdoor-dining/index.html
Inflation will become a serious headwind on a vaccine: Peter Boockvar
www.cnbc.com/2020/08/25/inflation-will-become-a-serious-headwind-on-a-vaccine-peter-boockvar.html#:~:text=Trading%20Nation-,As%20U.S.%20makes%20progress%20on%20the%20virus%20front%2C%20Peter%20Boockvar,with%20or%20without%20Fed%20involvement&text=With%20or%20without%20the%20Federal,inflation%20is%20making%20a%20comeback.
22664.jpeg (1200×1629)
cdn.statcdn.com/Infographic/images/normal/22664.jpeg
Condo Supply Soars in Greater Downtown Miami
therealdeal.com/miami/2020/08/21/a-buyers-market-condo-supply-soars-in-downtown-miami/
N.J. Budget’s $1 Billion in New Taxes Targets Millionaires – Bloomberg
www.bloomberg.com/news/articles/2020-08-25/n-j-budget-eyes-1-billion-in-new-taxes-most-from-millionaires


investmentwatchblog--2020-08-28--China fires warning shots at US, Russian MV collides with US forces

China Fires Missiles Into South China Sea in ‘ Warning ’ to US Missiles fired after US spy plane interrupted drills China has fired missiles into disputed territory in the South China Sea today , which officials say are meant to be a “ warning ” to the US after a U-2 spy plane intruded on China ’ s naval drill in the area , entering a no-fly zone .
One of the missiles was a DF-26 missile , a nuclear-capable missile , and the other a DF-21D , an anti-ship ballistic missile .
China said the firing was meant @ @ @ @ @ @ @ the South China Sea militarily .
The US responded by blacklisting a number of Chinese officials accused of involvement in the South China Sea , as well as Chinese executives whose companies are active there .
Secretary of State Mike Pompeo says the blacklist included a travel ban .
This is just the latest sign of tensions between the US and China .
The US rejects all Chinese claims in the South China Sea , and regularly sends ships into the area to prove they can send ships there in violation of the @ @ @

China Fires Missiles Into South China Sea in ‘Warning’ to US
Missiles fired after US spy plane interrupted drills
China has fired missiles into disputed territory in the South China Sea today, which officials say are meant to be a “warning” to the US after a U-2 spy plane intruded on China’s naval drill in the area, entering a no-fly zone.
One of the missiles was a DF-26 missile, a nuclear-capable missile, and the other a DF-21D, an anti-ship ballistic missile. China said the firing was meant to show they can deny access to the South China Sea militarily.
The US responded by blacklisting a number of Chinese officials accused of involvement in the South China Sea, as well as Chinese executives whose companies are active there. Secretary of State Mike Pompeo says the blacklist included a travel ban.
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This is just the latest sign of tensions between the US and China. The US rejects all Chinese claims in the South China Sea, and regularly sends ships into the area to prove they can send ships there in violation of the maritime claims.
news.antiwar.com/2020/08/26/chin…ing-to-us/
www.scmp.com/news/china/military…ea-warning
h/t Treebeard


investmentwatchblog--2020-08-28--Locking Down the Global Gold and Silver Supply as the Economy Resets

The London Metals Exchange and COMEX out of New York added a staggering 200 % increase in the refiners and @ @ @ @ @ of futures contracts .
There is a run on metals and a cornering of gold/silver @ @ @ @ @ .
Turkish Lira begins Hyperinflation with bank runs to convert into gold .

The London Metals Exchange and COMEX out of New York added a staggering 200% increase in the refiners and mints qualified to supply delivery of futures contracts. There is a run on metals and a cornering of gold/silver as the economic reset begins. Turkish Lira begins Hyperinflation with bank runs to convert into gold.
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investmentwatchblog--2020-08-28--Pelosi’s Attacks EXPOSED by Kevin McCarthy – Her Words will Make you SICK!

Hannah Bleau from Breitbart reports , House Minority Leader Kevin McCarthy ( R-CA ) reacted to Speaker Nancy Pelosi ( @ @ @ @ @ “ domestic enemies , ” harkening to Hillary Clinton ’ s ( D ) infamous @ @ @ @ @ reminding Republicans that progressives “ despise ” them openly .

Hannah Bleau from Breitbart reports, House Minority Leader Kevin McCarthy (R-CA) reacted to Speaker Nancy Pelosi (D-CA) calling Trump allies “domestic enemies,” harkening to Hillary Clinton’s (D) infamous “deplorables” moment and reminding Republicans that progressives “despise” them openly.
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Read More/Source/Credit/FairUse:
www.breitbart.com/politics/20…


investmentwatchblog--2020-08-28--Why the gold price drop was just more positive news for precious metals – Peter Hug

Despite Thursday ’ s precious metal sell-off , conditions have not changed for gold and silver , said Peter Hug , division head for precious metals at Kitco .
Speaking to Kitco News on Thursday , Hug said conditions are positive for gold due to the amount of fiscal support provided by banks .
“ The macro picture has not changed .
[ Every ] central bank in the world has got their foot on the pedal , and I don ’ t think they ’ re going to take their foot off the pedal probably until the end of @ @ @ @ @ @ @ Hug has been involved in precious metals since 1974 .
He began gaining first-hand investment industry experience at Deak-Perera .
He served as SVP at Guardian Trust Company , which became one of the largest international trading houses for precious metals .
He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market .
Peter has acquired extensive experience in the wholesale markets and international asset diversification .
A frequent speaker at precious metals conferences and in the financial media , he is one @ @ @ @ @ @ @ succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s .
As the Director of Kitco ’ s Precious Metals Division , Peter develops newer and better investment options for Kitco customers .

Kitco News, Released on 8/28/20 (Recorded on 8/27/20)
Despite Thursday’s precious metal sell-off, conditions have not changed for gold and silver, said Peter Hug, division head for precious metals at Kitco.
Speaking to Kitco News on Thursday, Hug said conditions are positive for gold due to the amount of fiscal support provided by banks.
We are primarily funded by readers. Please subscribe and donate to support us!
“The macro picture has not changed. [Every] central bank in the world has got their foot on the pedal, and I don’t think they’re going to take their foot off the pedal probably until the end of 2021,” said Hug.
Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco’s Precious Metals Division, Peter develops newer and better investment options for Kitco customers.


investmentwatchblog--2020-08-28--Q3 US Real GDP Forecast Rises To 28.9% On Personal Income And Outlays Data

The GDPNow model estimate for real GDP growth ( seasonally adjusted annual rate ) in the third quarter of 2020 @ @ @ @ @ 28 , up from 25.6 percent on August 26 .
After recent data releases from @ @ @ @ @ the U.S. Bureau of Economic Analysis , the nowcasts of third-quarter real personal consumption expenditures @ @ @ @ @ private domestic investment growth increased from 28.1 percent and 15.1 percent , respectively , to @ @ @ @ @ , respectively , while the nowcast of the contribution of the change in net exports @ @ @ @ @ decreased from 1.52 percentage points to -0.04 percentage points .
Today ’ s Personal Income @ @ @ @ @ Real GDP to surge to 28.9 % .

by confoundedinterest17
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 28.9 percent on August 28, up from 25.6 percent on August 26. After recent data releases from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross private domestic investment growth increased from 28.1 percent and 15.1 percent, respectively, to 33.8 percent and 22.4 percent, respectively, while the nowcast of the contribution of the change in net exports to third-quarter real GDP growth decreased from 1.52 percentage points to -0.04 percentage points.
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Today’s Personal Income and Outlays data helped Q3 Real GDP to surge to 28.9%.


investmentwatchblog--2020-08-28--[CB]s Are Robbing The People, Revaluation Gold On The Horizon:Craig Hemke

Todays Interview : Craig talks about how gold is going to continue to move up in value , or another @ @ @ @ @ is that the dollar is losing value everyday .
Craig then talks about the Central @ @ @ @ @ robbing the people as the currency devalues .
There will be a time where gold @ @ @ @ @ .

Todays Interview:
Craig talks about how gold is going to continue to move up in value, or another way to say it, is that the dollar is losing value everyday. Craig then talks about the Central Bank on how they are robbing the people as the currency devalues. There will be a time where gold is going to be revalued.
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investmentwatchblog--2020-08-28--THE WAR ON LAW ENFORCEMENT: Virginia Senate passes bill allowing assaulting a police officer to be a

THE WAR ON LAW ENFORCEMENT: Virginia Senate passes bill allowing assaulting a police officer to be a misdemeanor.

On Wednesday , the Virginia Senate voted 21-15 , completely along party lines , to pass Senate Bill 5032 , @ @ @ @ @ against a law enforcement officer to a misdemeanor if the person attacked is not hurt @ @ @ @ @ summary of the bill : Eliminates the mandatory minimum term of confinement for an assault @ @ @ @ @ judge ; magistrate ; law-enforcement officer ; correctional officer ; person directly involved in the @ @ @ @ @ supervision of inmates ; firefighter ; or volunteer firefighter or any emergency medical services personnel @ @ @ @ @ can no longer be committed as a simple assault and must result in a bodily @ @

On Wednesday, the Virginia Senate voted 21-15, completely along party lines, to pass Senate Bill 5032, which would allow an assault against a law enforcement officer to a misdemeanor if the person attacked is not hurt.
Here’s the summary of the bill:
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Eliminates the mandatory minimum term of confinement for an assault and battery committed against a judge; magistrate; law-enforcement officer; correctional officer; person directly involved in the care, treatment, or supervision of inmates; firefighter; or volunteer firefighter or any emergency medical services personnel and provides that such crime can no longer be committed as a simple assault and must result in a bodily injury. Summary of Senate Bill 5032
www.wsls.com/news/virginia/2020/08/26/virginia-senate-passes-bill-allowing-assaulting-a-police-officer-to-be-a-misdemeanor/


investmentwatchblog--2020-08-28--Jim Willie: The US Was Infiltrated From Within

Jim Willie : The US Was Infiltrated From Within , This Is a Battle Between Good & Evil Using bs paper ( fiat currency ) to manipulate real money/assets .
The cheating scumbags should be in prison .
The Covid-19 fraud for declaring “ death by Covid-19″ is World-wide !
Unfortunately Ob*ma ensured that his army was in place for when he needed them after leaving the WH .
Many of us know BLM and Antifa are his army , paid for by Soros .
They ensured they got the meanest and worst of society to try to bring us @ @ @ @ @ @ @ .
Everything that is currently going on , is all under the orders of the Satanic deepstate .
Paper U.S. currency is fiat and worthless .
A 95 % copper penny is worth more in copper weight than a $ 1 bill.The Federal reserve note has lost more than 99 % of it ’ s value.The game is over for the ‘ FED ’ .
Get out of paper currency and into physical precious metals before it ’ s too late .
The digital is here soon .
Sept 1st ?
Sept 10 @ @ @ @ @ @ @ day and age , is a prescription for the exploitation of the working class .
The big banks can break up the block chain .
They ’ ve had test runs already .
They ’ re moving the middle and working class into an financial abattoir where the meager wealth of the common folk will be butchered by faux crisis after faux crisis .
It ’ s the same old $ h1t .
The only way for the common folk to come out of this planned collapse is to invest in property , @ @ @ @ @ @ @ precious things like gems , platinum , palladium , etc . )
.

Jim Willie: The US Was Infiltrated From Within,
This Is a Battle Between Good & Evil
Using bs paper (fiat currency) to manipulate real money/assets. The cheating scumbags should be in prison.
The Covid-19 fraud for declaring “death by Covid-19″ is World-wide!
Unfortunately Ob*ma ensured that his army was in place for when he needed them after leaving the WH. Many of us know BLM and Antifa are his army, paid for by Soros. They ensured they got the meanest and worst of society to try to bring us down, as they are currently doing. Everything that is currently going on, is all under the orders of the Satanic deepstate.
We are primarily funded by readers. Please subscribe and donate to support us!
Paper U.S. currency is fiat and worthless. A 95% copper penny is worth more in copper weight than a $1 bill.The Federal reserve note has lost more than 99% of it’s value.The game is over for the ‘FED’. Get out of paper currency and into physical precious metals before it’s too late.
The digital is here soon. Sept 1st? Sept 10 – 12m
Digital Currency, in this day and age, is a prescription for the exploitation of the working class. The big banks can break up the block chain. They’ve had test runs already. They’re moving the middle and working class into an financial abattoir where the meager wealth of the common folk will be butchered by faux crisis after faux crisis. It’s the same old $h1t. The only way for the common folk to come out of this planned collapse is to invest in property, gold, and silver (and other precious things like gems, platinum, palladium, etc.).


investmentwatchblog--2020-08-28--Food Prices and Cargo Theft Skyrocket

Food Prices and Cargo Theft Skyrocket

There is a direct relationship between high food prices and cargo theft .
With the UK having its lowest crop @ @ @ @ @ summer snowdrifts in Russia , the global food landscape looks well under the rosy forecasts @ @ @ @ @ .
Are you ready for trucks to stop arriving at your supermarkets ?

There is a direct relationship between high food prices and cargo theft. With the UK having its lowest crop yields in 40 years, summer snowdrifts in Russia, the global food landscape looks well under the rosy forecasts in the beginning of 2020. Are you ready for trucks to stop arriving at your supermarkets?
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investmentwatchblog--2020-08-28--Coronavirus Mandatory Testing At Your Home Starts

researchers at the Texas A & M College of Veterinary Medicine & Biomedical Science started working with the County Health Departments to start conducting a study on cats and dogs that live in homes with confirmed human COVID-19 cases Dr. Sarah Hamer , an epidemiologist , told KBTX-TV Friday that her team was testing dogs and cats who live in homes where the coronavirus has infected at least one person .
scientists have reported finding two pet cats with coronavirus — the first in the state .
The cats were swabbed as part of a study being conducted at Texas @ @ @ @ @ @ @ pets living in “ high-risk ” households may be impacted by COVID-19 .
The cats were in separate homes — and asymptomatic .
Dr. Sarah Hamer , an epidemiologist , told KBTX-TV Friday that her team was testing dogs and cats who live in homes where the coronavirus has infected at least one person .
A team of researchers at the Texas A & M College of Veterinary Medicine & Biomedical Science has confirmed the first cats in Brazos County have tested positive for SARS-CoV-2 , the virus that causes COVID-19 .
The @ @ @ @ @ @ @ Health Departments to start conducting a study on cats and dogs that live in homes in Texas with confirmed human COVID-19 cases She said now that they know there ’ s a chance for pets to become infected in COVID-positive homes , pet owners should be cautious if they become infected , but that they should not worry .
when will your dogs and cats be scheduled to be tested at your house ?

Coronavirus Testing Your Dogs and Cats health teams will be ringing your door bell to test your dog and cat for coronavirus#Coronavirust.co/RfctxnvB03 — Coronavirus Outbreak Map . Com (@Coronaoutbreak) August 25, 2020
researchers at the Texas A&M College of Veterinary Medicine & Biomedical Science started working with the County Health Departments to start conducting a study on cats and dogs that live in homes with confirmed human COVID-19 cases Dr. Sarah Hamer, an epidemiologist, told KBTX-TV Friday that her team was testing dogs and cats who live in homes where the coronavirus has infected at least one person.
scientists have reported finding two pet cats with coronavirus — the first in the state.
The cats were swabbed as part of a study being conducted at Texas A&M University to understand how pets living in “high-risk” households may be impacted by COVID-19.
The cats were in separate homes — and asymptomatic.
Dr. Sarah Hamer, an epidemiologist, told KBTX-TV Friday that her team was testing dogs and cats who live in homes where the coronavirus has infected at least one person.
A team of researchers at the Texas A&M College of Veterinary Medicine & Biomedical Science has confirmed the first cats in Brazos County have tested positive for SARS-CoV-2, the virus that causes COVID-19.
We are primarily funded by readers. Please subscribe and donate to support us!
The Covid-19 & Pets research project started in June.
The veterinary researchers started working with Texas County Health Departments to start conducting a study on cats and dogs that live in homes in Texas with confirmed human COVID-19 cases
She said now that they know there’s a chance for pets to become infected in COVID-positive homes, pet owners should be cautious if they become infected, but that they should not worry.
when will your dogs and cats be scheduled to be tested at your house ?
Coronavirus Testing Your Dogs and Cats health teams will be ringing your door bell to test your dog and cat for coronavirus#Coronavirust.co/RfctxnvB03 — Coronavirus Outbreak Map . Com (@Coronaoutbreak) August 25, 2020
AC


investmentwatchblog--2020-08-28--FEDS nabbing “Riot Kitchen” out-of-towners from Oregon! Great footage. FEDS Break car windows!

Looks like the feds are stopping them before shit gets rolling .
Supposedly , the Riot Kitchen feeds rioters .
@ @ @ @ @ You crossed state line to partake in riots .
Federal offense .
Don ’ t @ @ @ @ @ this one on tweeter

Looks like the feds are stopping them before shit gets rolling. Supposedly, the Riot Kitchen feeds rioters. Too bad, bitches. You crossed state line to partake in riots. Federal offense.
Don’t have the video, but this one on tweeter
We are primarily funded by readers. Please subscribe and donate to support us!
Riot Kitchen HQ just learned that our bus crew was arrested in broad daylight in #Kenosha today – kidnapped by feds in unmarked vans. We are currently trying to find our friends who were just there to feed people. Please share and donate for bail via Venmo riotkitchen206 pic.twitter.com/o2TDbohvFl — riotkitchen206 (@riotkitchen206) August 27, 2020
AC


investmentwatchblog--2020-08-28--Germany will pay you to do nothing, but force you to walk your dog

The old joke about the 1990s TV show Seinfeld was that it was a show about nothing .
Now it looks like Germany wants to be an economy about nothing .
German University paying scholarships to do nothing A German university is looking for people it can pay to do nothing .
Literally .
They want to pay people to refrain from activities .
Anyone can submit proposals on what they pledge to stop doing , for how long , and why .
The idea is to explore how NOT doing certain activities impacts your life , and the lives @ @ @ @ @ @ @ if you pledge to stop shopping for three weeks , they would study how NOT shopping would cut fuel consumption , plastic waste , etc .
Right now it ’ s just a pilot program that will only select a handful of people .
But if the results prove that doing nothing promotes environmental and social justice , we ’ re already expecting some much bigger funding for the next round .
Just imagine how much better the world would be if we valued laziness and sloth !
And this trend won ’ @ @ @ @ @ @ @ that sitting at home and doing nothing is brave and heroic .
Click here to read the full article .
Speaking of doing nothing , “ Universal Basic Income ” is an idea that has caught fire with the Bolsheviks .
The idea is that people should be paid just for existing .
We all just get to collect money that the central bank conjures out of thin air .
Obviously some people think this will cause laziness , and rob people of achieving their full potential .
But others insist it is @ @ @ @ @ @ @ inspire creativity .
So to test the idea , Germany will pay 120 ‘ volunteers ’ €1,200 ( $ 1,400 ) a month for three years to see what happens .
It ’ s almost like Western civilization is rejecting the idea that actual work has to be done to produce the food , clothing , and shelter humans need to survive .
Click here to read the full article .
Germans must walk dogs twice a day under new law Well , here ’ s at least one thing that Germany wants @ @ @ @ @ @ @ !
Under a newly introduced plan , all Germans will be required to take their dogs for a walk twice a day , totalling an hour of walking time .
An earlier version of the law required two one-hour walks per day , but that was changed after a backlash .
Still– a little chihuahua needs the same amount of exercise as a Golden Retriever ?
And now Germans will be legally liable if they have a busy day , and don ’ t have a full hour to spare ?
Maybe next @ @ @ @ @ @ @ of pats and belly rubs .
WHO ’ S A GOOD BOY ?
?
Ironically , when it comes to absurd nanny states , there seems to be no consensus : while Germany is forcing people to walk their dogs , other governments have forced people to NOT walk their dogs during the pandemic .
Click here to read the full article .
Teachers are worried you ’ ll hear what they teach your kids A Tennessee school district asked parents to sign a form agreeing not to listen in or “ eavesdrop @ @ @ @ @ @ @ not a big fan of this idea , and after a backlash the district backed down .
But this wasn ’ t the first time schools worried about parents hearing what they are drilling into students ’ brains .
One teacher complained on Twitter that virtual classrooms will have “ potential spectators… overhearing the discourse.
” Several teachers expressed concern about parents overhearing “ honest conversations about gender/ sexuality ” in his classroom which usually has a “ what happens here stays here ” policy .
Apparently these gender and sexuality-obsessed public school @ @ @ @ @ @ @ your children behind your back .
Click here to read about the waivers , and here for the Tweets .
Punctuation is now triggering to Millennials We all know that text messages lack the nuance of face to face conversations .
Without emotion , things like sarcasm and passive aggression are harder to detect .
But did you know that something as simple as a period at the end of the sentence could trigger anxiety in Millennials and Generation Z ?
The author of a new book on digital etiquette claims that youngsters @ @ @ @ @ @ @ with a period at the end .
According to the author , the period is perceived as abrupt , unfriendly , and even insincere .
You already ended the text , you don ’ t have to be a big jerk about it and add a period !
WE CAN ONLY IMAGINE HOW MUCH ANXIETY AN ALL-CAPS MESSAGE WOULD CAUSE .
Click here to read the full article .
Coronavirus is not the only public health emergency that allows authoritarian control of society ; obesity is another excuse for power hungry politicians .
@ @ @ @ @ @ @ daytime TV advertising of foods with more than 1.5g of salt , 20g fat or 22.5g of sugars per 100g .
This includes stuff like ketchup , bacon , and cheese .
This tramples free speech , but also will take a bite out of advertising and sales revenue , when companies are already struggling .
And this is coming from a ‘ moderate ’ party… not even the most radical politicians in Britain .
Click here to read the full article .
Massachusetts now requires flu shot for all students The Massachusetts @ @ @ @ @ @ @ all students in K-12 schools , and college undergraduates to take a yearly flu shot .
Curiously , students who are staying at home and engaged in their public school system ’ s remote learning are NOT exempt .
There ’ s no corona vaccine yet , but we imagine this is a way to get everyone used to the idea of the government mandating what goes in your body .
It is no longer for individuals or parents to weigh the benefits and drawbacks for their family .
Homeschoolers , however , @ @ @ @ @ @ @ here to read the full article .

by Simon Black
The old joke about the 1990s TV show Seinfeld was that it was a show about nothing. Now it looks like Germany wants to be an economy about nothing.
German University paying scholarships to do nothing
A German university is looking for people it can pay to do nothing. Literally. They want to pay people to refrain from activities.
Anyone can submit proposals on what they pledge to stop doing, for how long, and why.
The idea is to explore how NOT doing certain activities impacts your life, and the lives of others. So for example, if you pledge to stop shopping for three weeks, they would study how NOT shopping would cut fuel consumption, plastic waste, etc.
Right now it’s just a pilot program that will only select a handful of people. But if the results prove that doing nothing promotes environmental and social justice, we’re already expecting some much bigger funding for the next round.
Just imagine how much better the world would be if we valued laziness and sloth! And this trend won’t end with Covid until we recognize that sitting at home and doing nothing is brave and heroic.
Click here to read the full article.
Germany to test universal basic income
Speaking of doing nothing, “Universal Basic Income” is an idea that has caught fire with the Bolsheviks.
The idea is that people should be paid just for existing. We all just get to collect money that the central bank conjures out of thin air.
Obviously some people think this will cause laziness, and rob people of achieving their full potential. But others insist it is the best way to relieve poverty and inspire creativity.
So to test the idea, Germany will pay 120 ‘volunteers’ €1,200 ($1,400) a month for three years to see what happens.
It’s almost like Western civilization is rejecting the idea that actual work has to be done to produce the food, clothing, and shelter humans need to survive.
Click here to read the full article.
Germans must walk dogs twice a day under new law
Well, here’s at least one thing that Germany wants you to do: WALK YOUR DOG!
Under a newly introduced plan, all Germans will be required to take their dogs for a walk twice a day, totalling an hour of walking time.
An earlier version of the law required two one-hour walks per day, but that was changed after a backlash.
Still– a little chihuahua needs the same amount of exercise as a Golden Retriever? And now Germans will be legally liable if they have a busy day, and don’t have a full hour to spare?
Maybe next the state can micromanage the proper number of pats and belly rubs. WHO’S A GOOD BOY??
Ironically, when it comes to absurd nanny states, there seems to be no consensus: while Germany is forcing people to walk their dogs, other governments have forced people to NOT walk their dogs during the pandemic.
Click here to read the full article.
Teachers are worried you’ll hear what they teach your kids
A Tennessee school district asked parents to sign a form agreeing not to listen in or “eavesdrop” on online classes.
Parents were not a big fan of this idea, and after a backlash the district backed down.
But this wasn’t the first time schools worried about parents hearing what they are drilling into students’ brains.
We are primarily funded by readers. Please subscribe and donate to support us!
One teacher complained on Twitter that virtual classrooms will have “potential spectators… overhearing the discourse.”
Several teachers expressed concern about parents overhearing “honest conversations about gender/ sexuality” in his classroom which usually has a “what happens here stays here” policy.
Apparently these gender and sexuality-obsessed public school teachers want to have sensitive conversations with your children behind your back.
Click here to read about the waivers, and here for the Tweets.
Punctuation is now triggering to Millennials
We all know that text messages lack the nuance of face to face conversations. Without emotion, things like sarcasm and passive aggression are harder to detect.
But did you know that something as simple as a period at the end of the sentence could trigger anxiety in Millennials and Generation Z?
The author of a new book on digital etiquette claims that youngsters find it stressful to read text messages with a period at the end.
According to the author, the period is perceived as abrupt, unfriendly, and even insincere.
You already ended the text, you don’t have to be a big jerk about it and add a period! WE CAN ONLY IMAGINE HOW MUCH ANXIETY AN ALL-CAPS MESSAGE WOULD CAUSE.
Click here to read the full article.
Great Britain bans advertising “unhealthy” foods on daytime TV
Coronavirus is not the only public health emergency that allows authoritarian control of society; obesity is another excuse for power hungry politicians.
Great Britain announced it will ban the daytime TV advertising of foods with more than 1.5g of salt, 20g fat or 22.5g of sugars per 100g.
This includes stuff like ketchup, bacon, and cheese.
This tramples free speech, but also will take a bite out of advertising and sales revenue, when companies are already struggling.
And this is coming from a ‘moderate’ party… not even the most radical politicians in Britain.
Click here to read the full article.
Massachusetts now requires flu shot for all students
The Massachusetts Department of Health announced it will require all students in K-12 schools, and college undergraduates to take a yearly flu shot.
Curiously, students who are staying at home and engaged in their public school system’s remote learning are NOT exempt.
There’s no corona vaccine yet, but we imagine this is a way to get everyone used to the idea of the government mandating what goes in your body.
It is no longer for individuals or parents to weigh the benefits and drawbacks for their family.
Homeschoolers, however, are exempt from the law.
Click here to read the full article.


investmentwatchblog--2020-08-28--1 of every 4 TikTok videos are pro Trump

The red wave is gon na be yuge Lots of the vids use this song

The red wave is gonna be yuge
Lots of the vids use this song
We are primarily funded by readers. Please subscribe and donate to support us!
h/t QuantumLove


investmentwatchblog--2020-08-28--Dave Kranzler: Federal Reserve Confirms Official Hyperinflation Policy

Wall Street was predicting an historic announcement out of Jerome Powell and the Federal Reserve on Thursday morning .
And @ @ @ @ @ , as it essentially made an official promise to hyperinflate the world ’ s reserve @ @ @ @ @ were a lot of statements mixed in which were designed to mislead investors , and @ @ @ @ @ Research Dynamics joined me on the show to separate fact from fiction .
Dave Kranzler @ @ @ @ @ various Wall Street jobs .
After business school , he primarily traded junk bonds for @ @ @ @ @ graduated from Oberlin College with majors in Economics and English and he also has an @ @ @ @ @ Chicago , with a concentration in accounting and finance .
Currently , he co-manages a @ @ @ @ @ investment fund in Denver .
He has nearly thirty years of experience in studying , @ @ @ @ @ in the financial markets .
His daily articles can be found at his site , @ @ @ @

Arcadia Economics, Released on 8/27/20
Wall Street was predicting an historic announcement out of Jerome Powell and the Federal Reserve on Thursday morning. And the Fed once again delivered, as it essentially made an official promise to hyperinflate the world’s reserve currency.
We are primarily funded by readers. Please subscribe and donate to support us!
Of course there were a lot of statements mixed in which were designed to mislead investors, and fortunately Dave Kranzler of Investment Research Dynamics joined me on the show to separate fact from fiction.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.


investmentwatchblog--2020-08-28--HISTORIC Housing CRASH! – MASS Evictions! – What You Need To Know!

by Josh Sigurdson with Tim Picciott via World Alternative Media Josh Sigurdson talks with Tim Picciott , The Liberty Advisor @ @ @ @ @ delinquencies hitting decade highs as people defer on their mortgages and moratoriums save people from @ @ @ @ @ pay… Temporarily .
Once the moratoriums end , 28 million people ( or 9 out @ @ @ @ @ become homeless .
The banks will likely take the homes and then the government will @ @ @ @ @ and do a relief program .
The government will come in as the solution to @ @ @ @ @ in the first place .
Meanwhile in Miami , the housing bubble has met its @ @ @ @ @ unsold condos sit vacant .
We have been warning of this inevitable scenario for years @ @ @ @ @ now have the catalyst for this collapse .
Tim breaks down what you need to @ @ @ @ @ and how it affects the average person .
Stay tuned for more from WAM !

by Josh Sigurdson with Tim Picciott via World Alternative Media
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the record breaking mortgage delinquencies hitting decade highs as people defer on their mortgages and moratoriums save people from rents they can’t pay… Temporarily.
Once the moratoriums end, 28 million people (or 9 out of 100 people) will become homeless. The banks will likely take the homes and then the government will buy up all the homes and do a relief program. The government will come in as the solution to the very issue they created in the first place.
Meanwhile in Miami, the housing bubble has met its match as 30 months of unsold condos sit vacant.
We are primarily funded by readers. Please subscribe and donate to support us!
We have been warning of this inevitable scenario for years here at WAM and we now have the catalyst for this collapse.
Tim breaks down what you need to know about this cratering market and how it affects the average person.
Stay tuned for more from WAM!


investmentwatchblog--2020-08-28--CHANGE: Software company Okta will let most of its 2,600 employees work remotely permanently.

( CNN Business ) Workplace software company Okta said Thursday it plans to let most of its employees work remotely @ @ @ @ @ becoming the latest Silicon Valley company to adopt sweeping office policy changes amid the pandemic @ @ @ @ @ of shifting US immigration policy .
Okta , which provides worker-login software to nearly 9,000 @ @ @ @ @ and Slack , said as much as 85 % of its workforce is expected to @ @ @ @ @ policy , up from 30 % before the coronavirus crisis .
The company has roughly @ @ @ @ @ highlights how US businesses are increasingly bracing for a long pandemic .
Google has extended @ @ @ @ @ at least July 2021 .
Earlier this week , Airbnb said it will allow its @ @ @ @ @ next August , even if their local offices have reopened .
Okta ’ s move @ @ @ @ @ toward permanently supporting work-from-anywhere , which began during the pandemic with Twitter and Facebook , @ @ @

(CNN Business)Workplace software company Okta said Thursday it plans to let most of its employees work remotely on a permanent basis, becoming the latest Silicon Valley company to adopt sweeping office policy changes amid the pandemic — and in the face of shifting US immigration policy.
Okta, which provides worker-login software to nearly 9,000 organizations including JetBlue, Nordstrom and Slack, said as much as 85% of its workforce is expected to work remotely under the new policy, up from 30% before the coronavirus crisis. The company has roughly 2,600 employees.
The decision highlights how US businesses are increasingly bracing for a long pandemic. Google has extended its remote work policies until at least July 2021. Earlier this week, Airbnb said it will allow its employees to work remotely through next August, even if their local offices have reopened.
Okta’s move shows how a workplace trend toward permanently supporting work-from-anywhere, which began during the pandemic with Twitter and Facebook, is accelerating.
We are primarily funded by readers. Please subscribe and donate to support us!
www.cnn.com/2020/08/27/tech/okta-permanent-remote/


investmentwatchblog--2020-08-28--CHINA IS ASSHOLE: National security law: arrested Hong Kong activist among group caught by China’s c

CHINA IS ASSHOLE: National security law: arrested Hong Kong activist among group caught by China’s coastguard while fleeing to Taiwan, sources confirm.

was among a group of about 10 Hongkongers caught by the China Coast Guard while fleeing to Taiwan , sources @ @ @ @ @ , who was arrested for alleged collusion with foreign forces and money laundering in a @ @ @ @ @ , was detained in mainland China on suspicion of “ unlawfully crossing the border ” @ @ @ @ @ on the boat .

was among a group of about 10 Hongkongers caught by the China Coast Guard while fleeing to Taiwan, sources have confirmed.
Andy Li, who was arrested for alleged collusion with foreign forces and money laundering in a police swoop on August 10, was detained in mainland China on suspicion of “unlawfully crossing the border”, along with others caught on the boat.


investmentwatchblog--2020-08-28--KAMALA HARRIS Concealed Documents Of Catholic Church Child Abusers!

I CAN ` T IMAGINE why any person would want this horrible woman in power .

I CAN`T IMAGINE why any person would want this horrible woman in power.
We are primarily funded by readers. Please subscribe and donate to support us!
LP


investmentwatchblog--2020-08-28--Japanese PM Abe says he’s resigning over resurfacing of chronic illness

Japanese Prime Minister Shinzo Abe announced his plans to resign in a news conference Friday due to a chronic illness @ @ @ @ @ about Abe ’ s health have swirled since early summer and grew in the last @ @ @ @ @ two visits to a Tokyo hospital .

Japanese Prime Minister Shinzo Abe announced his plans to resign in a news conference Friday due to a chronic illness that has resurfaced.
He called the decision “gut-wrenching.”
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Concerns about Abe’s health have swirled since early summer and grew in the last two weeks when he made two visits to a Tokyo hospital.
www.foxnews.com/world/japanese-prime-minister-to-resign-over-health-issues-report


investmentwatchblog--2020-08-28--DC is heating up: Biden supporters harass RNC guests as they leave White House

The # BidenBros got violent as Rand Paul was leaving the RNC .
pic.twitter.com/TQ4lyBGfft

Biden supporters harass RNC guests as they leave White House pic.twitter.com/y07prfn8he
The #BidenBros got violent as Rand Paul was leaving the RNC. pic.twitter.com/TQ4lyBGfft
— Mark Dice (@MarkDice) August 28, 2020


investmentwatchblog--2020-08-28--Martial Law Becoming Increasingly Acceptable As Cities Fall Under Social Unrest

Martial law is becoming a reality for many Americans .
As we continue to be bombarded by psychological operations and inorganic scenarios designed to divide us further , people are playing into the hands of the elites and increasingly accepting martial law .
This is not a good sign for the United States going forward .
The Minnesota governor has called in the National Guard now , as looters and rioters continue to destroy Minneapolis in response to the police shooting of Jacob Blake .
Now , before everyone gets triggered , as they always do and put themselves on @ @ @ @ @ @ @ division necessary by the elites to divide and conquer us , just remember : You Can Be Against Police Brutality & Looting and Rioting At The Same Time Police violence against innocents is wrong .
Looting and rioting are wrong .
If we ever hope to get our freedom back and have a life that ’ s not lived in a mental prison , we need to wake up and stop taking sides when both are wrong .
Most people are unable to look beyond their own indoctrination into the left/right paradigm illusion @ @ @ @ @ @ @ other humans is wrong no matter who does it .
This entire psychological operation is designed to get people to only accept martial law but demand it .
Martial law is not a solution unless you advocate slavery .
The looting and rioting are absolutely absurd and should not be tolerated , nor should police shootings .
Living under a police state is not living freely , and that ’ s not an opinion .
We have got to stop acting on violence and destruction and start living peacefully in unity .
The @ @ @ @ @ @ @ because they can swoop in and make more heavy-handed tyrannical changes that will be permanent chains around our necks .
This is NOT to say that looting and rioting are acceptable , and although I ’ ve said that before , people are going to accuse me of taking the side against them when I have no side other than humanity ’ s .
Looting and rioting most absolutely are NOT acceptable .
All violations of another human beings ’ fundamental human rights given by the creator are unacceptable .
That includes the @ @ @ @ @ @ @ the killer is wearing a badge .
The end result is the same .
A fellow human being was killed .
Wake up .
This division is exactly what the ruling class and elites want in order to shove the New World Order down our throats and most Americans are playing their roles as pawns in the game epically well .
I already know this will ignite cognitive dissonance in the comments with people making assumptions about which side I am promoting ; which is no side because neither is moral .
We @ @ @ @ @ @ @ the New World Order while playing its game .
Choose to not play the game already rigged against you .
This is a war for your mind , a spiritual war if you will .
If you ’ ve chosen either side of the left/right paradigm , you ’ ve already lost to the divide and conquer tactics .

by Mac Slavo of SHTFplan
Martial law is becoming a reality for many Americans. As we continue to be bombarded by psychological operations and inorganic scenarios designed to divide us further, people are playing into the hands of the elites and increasingly accepting martial law.
This is not a good sign for the United States going forward. The Minnesota governor has called in the National Guard now, as looters and rioters continue to destroy Minneapolis in response to the police shooting of Jacob Blake. Now, before everyone gets triggered, as they always do and put themselves on one side or the other completing the division necessary by the elites to divide and conquer us, just remember:
You Can Be Against Police Brutality & Looting and Rioting At The Same Time
Police violence against innocents is wrong. Looting and rioting are wrong. If we ever hope to get our freedom back and have a life that’s not lived in a mental prison, we need to wake up and stop taking sides when both are wrong. Most people are unable to look beyond their own indoctrination into the left/right paradigm illusion to wake up and realize violence against other humans is wrong no matter who does it. This entire psychological operation is designed to get people to only accept martial law but demand it.
We are primarily funded by readers. Please subscribe and donate to support us!
Martial law is not a solution unless you advocate slavery. The looting and rioting are absolutely absurd and should not be tolerated, nor should police shootings. Living under a police state is not living freely, and that’s not an opinion. We have got to stop acting on violence and destruction and start living peacefully in unity. The elites absolutely love police brutality and riots because they can swoop in and make more heavy-handed tyrannical changes that will be permanent chains around our necks.
This is NOT to say that looting and rioting are acceptable, and although I’ve said that before, people are going to accuse me of taking the side against them when I have no side other than humanity’s. Looting and rioting most absolutely are NOT acceptable. All violations of another human beings’ fundamental human rights given by the creator are unacceptable. That includes the execution of other people, even if the killer is wearing a badge. The end result is the same. A fellow human being was killed.
Wake up. This division is exactly what the ruling class and elites want in order to shove the New World Order down our throats and most Americans are playing their roles as pawns in the game epically well. I already know this will ignite cognitive dissonance in the comments with people making assumptions about which side I am promoting; which is no side because neither is moral.
We cannot drive out the evil of the New World Order while playing its game. Choose to not play the game already rigged against you. This is a war for your mind, a spiritual war if you will. If you’ve chosen either side of the left/right paradigm, you’ve already lost to the divide and conquer tactics.


investmentwatchblog--2020-08-28--Meet the new Inflation era same as the old inflation era….

Yesterday brought news about inflation targeting but before we get to what you might think is the headline act , it has been trumped by Prime Minister Abe of Japan .
Before I get to that let me wish him well with his health issues .
But he also said this in his resignation speech .
You might think that this is almost at a comical Ali level of denial at this point .
For those unaware this was the Iraqi information minister who denied Amercan soldiers were in Baghdad when well I think you have figured the rest .
@ @ @ @ @ @ @ view to that of Abe san .
The current situation is bad enough but even if we give him a pass on that there is that rather damning last sentence .
Let me give you some context on that .
You could argue the 0.6 % contraction in the Japanese economy was also Covid related but you can not argue that the 1.8 % contraction at the end of last year was .
Indeed the quarter before that was 0 % .
So Japan had not escaped deflation and in fact the problems @ @ @ @ @ @ @ created by an Abenomics arrow missing the target .
People forget now but the economic growth that Abenomics was supposedly going to create was badged as a cure for the chronic fiscal problem faced by Japan .
In fact the lack of growth and hence revenue was a factor in the Consumption Tax being raised to 10 % .
Which of course gave growth another knock .
Another arrow was supposed to lead to inflation magically rising to 2 % per annum .
How is that going ?
From the Statistics Bureau this @ @ @ @ @ @ @ years and not one to hit 2 % .
For newer readers that was also the pre pandemic picture in Japan and it has mostly been possible to argue that there is effectively no inflation because the low levels are within any margin for error .
Also as a point of detail there is even more bad news for inflationistas which is that something which they clain can not happen with zero inflation has .
If you look in the detail food prices have risen by 7 % and the cost of education @ @ @ @ @ @ @ you can have relative price changes .
Looking at the national numbers it has been a rough run for fans of Salmon and carrots as prices have risen by more than 50 % over the past 5 years .
The speech by Chair Powell opened with what may turn out to be an unfortunate historical reference .
It is hard to know where to start with this bit .
I will simply point out that I am pleased to see a recognition that what are usually described by central bankers as “ non-core @ @ @ @ @ @ @ suddenly essential .
Perhaps the threats ( from The Donald ) about him losing his job have focused his mind , although he would remain an extremely wealthy man .
He then got himself into quite a mess .
This really does come from the highest of Ivory Towers where the air is thinnest .
Many households and businesses will not even know who he and his colleagues are !
Let alone plan ahead on the basis of what they might do especially after the flip-flopping of the last couple of years .
@ @ @ @ @ @ @ target which was pretty much pulled out of thin air has become a Holy Grail .
This next bit was frankly not a little embarrassing .
So it is an average but without the average bit ?
This week the Bank of Canada inadvertently highlighted a major problem .
It starts with this .
You see we are back to you ( and I mean us by this ) do not know what you are paying and we ( central bankers know better ) .
Except it all went wrong in a predictable @ @ @ @ @ @ @ a nutshell .
Your average Canadian has to shell out an extra 6 % each year for a house but according to Lawrence and his calculations it is only 2.5 % .
Someone should give him a pot of money based on his calculations and tell him to go and buy one .
We looked at variations in the price of Nutella recently well according to The Economist there are other issues .
This happens even inside the Euro area .
I point this out because official inflation measurement relies on “ substitution @ @ @ @ @ @ @ switch to something similar which is cheaper .
But if people do not do this for the same thing inn the real world we are back in our Ivory Towers again .
Firstly we can award ourselves a small slap on the back as we were expecting this .
From the movements in the Gold price ( down ) and bond yields ( up ) far from everybody was .
If we note the latter there are two serious problems for Chair Powell .
The first is that if there is a body @ @ @ @ @ @ @ his every word it is bond traders and they were to some extent off the pace .
Thus all exposition about expectations above is exposed as this .
Next is that if you take the policy at face value bond yields should have risen by far more than the 0.1 % the long bond did .
They did not rise by the 0.5 % to 1 % you might expect for two possible reasons .
• Nobody expected the Fed to raise interest-rates for years anyway so what is the difference ?
• @ @ @ @ @ @ @ is mostly likely to be more QE treasury bond purchases which will depress bond yields .
So back to the expectations we see that the Fed is responding to expectations it has created .
What could go wrong ?
Putting it another way it is living a combination of Goodhart ’ s Law and the Lucas Critique .
I brought in the Japanese experience because it has made an extraordinary effort in monetary policy terms but the economy was shrinking before Covid-19 and there was essentially no inflation .
However the stock market @ @ @ @ @ @ @ since Abenomics was seen as likely .
Oh and the Bank of Japan has essentially financed the government borrowing .

by Shaun Richards
Yesterday brought news about inflation targeting but before we get to what you might think is the headline act, it has been trumped by Prime Minister Abe of Japan. Before I get to that let me wish him well with his health issues. But he also said this in his resignation speech.
JAPAN PM ABE ON ECONOMIC POLICY: WE HAVE SUCCEEDED IN BOOSTING JOBS, ENDING 20 YEARS OF DEFLATION WITH THREE ARROWS OF ABENOMICS. ( @FinancialJuice)
You might think that this is almost at a comical Ali level of denial at this point. For those unaware this was the Iraqi information minister who denied Amercan soldiers were in Baghdad when well I think you have figured the rest. Even the BBC is providing an opposite view to that of Abe san.
The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic. The world’s third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annualised basis. Japan was already struggling with low economic growth before the crisis.
The current situation is bad enough but even if we give him a pass on that there is that rather damning last sentence. Let me give you some context on that. You could argue the 0.6% contraction in the Japanese economy was also Covid related but you cannot argue that the 1.8% contraction at the end of last year was. Indeed the quarter before that was 0%.
So Japan had not escaped deflation and in fact the problems at the end of last year were created by an Abenomics arrow missing the target. People forget now but the economic growth that Abenomics was supposedly going to create was badged as a cure for the chronic fiscal problem faced by Japan. In fact the lack of growth and hence revenue was a factor in the Consumption Tax being raised to 10%. Which of course gave growth another knock.
Inflation
Another arrow was supposed to lead to inflation magically rising to 2% per annum. How is that going? From the Statistics Bureau this morning.
The consumer price index for Ku-area of Tokyo in August 2020 (preliminary) was 102.1 (2015=100), up 0.3% over the year before seasonal adjustment, and down 0.4% from the previous month on a seasonally adjusted basis.
So it has taken five years and not one to hit 2%. For newer readers that was also the pre pandemic picture in Japan and it has mostly been possible to argue that there is effectively no inflation because the low levels are within any margin for error.
Also as a point of detail there is even more bad news for inflationistas which is that something which they clain cannot happen with zero inflation has. If you look in the detail food prices have risen by 7% and the cost of education has fallen by 7%, so you can have relative price changes. Looking at the national numbers it has been a rough run for fans of Salmon and carrots as prices have risen by more than 50% over the past 5 years.
The US Federal Reserve
The speech by Chair Powell opened with what may turn out to be an unfortunate historical reference.
Forty years ago, the biggest problem our economy faced was high and rising inflation. The Great Inflation demanded a clear focus on restoring the credibility of the FOMC’s commitment to price stability.
It is hard to know where to start with this bit.
Many find it counterintuitive that the Fed would want to push up inflation. After all, low and stable inflation is essential for a well-functioning economy. And we are certainly mindful that higher prices for essential items, such as food, gasoline, and shelter, add to the burdens faced by many families, especially those struggling with lost jobs and incomes.
I will simply point out that I am pleased to see a recognition that what are usually described by central bankers as “non-core” such as food and energy are suddenly essential. Perhaps the threats ( from The Donald) about him losing his job have focused his mind, although he would remain an extremely wealthy man.
He then got himself into quite a mess.
Our statement emphasizes that our actions to achieve both sides of our dual mandate will be most effective if longer-term inflation expectations remain well anchored at 2 percent. However, if inflation runs below 2 percent following economic downturns but never moves above 2 percent even when the economy is strong, then, over time, inflation will average less than 2 percent. Households and businesses will come to expect this result, meaning that inflation expectations would tend to move below our inflation goal and pull realized inflation down.
This really does come from the highest of Ivory Towers where the air is thinnest. Many households and businesses will not even know who he and his colleagues are! Let alone plan ahead on the basis of what they might do especially after the flip-flopping of the last couple of years. Even worse the 2% per annum target which was pretty much pulled out of thin air has become a Holy Grail.
This next bit was frankly not a little embarrassing.
We are primarily funded by readers. Please subscribe and donate to support us!
In seeking to achieve inflation that averages 2 percent over time, we are not tying ourselves to a particular mathematical formula that defines the average. Thus, our approach could be viewed as a flexible form of average inflation targeting.
So it is an average but without the average bit?
Canada
This week the Bank of Canada inadvertently highlighted a major problem. It starts with this.
Deputy Governor Lawrence Schembri discusses the difference between how Canadians perceive inflation and the actual measured rate.
You see we are back to you ( and I mean us by this) do not know what you are paying and we ( central bankers know better). Except it all went wrong in a predictable area.
Over the last two decades, the price of houses has risen on average more than twice as fast as the price of housing, at a rate of 6 percent versus 2.5 percent.
There is the issue in a nutshell. Your average Canadian has to shell out an extra 6% each year for a house but according to Lawrence and his calculations it is only 2.5%. Someone should give him a pot of money based on his calculations and tell him to go and buy one.
The Euro area
We looked at variations in the price of Nutella recently well according to The Economist there are other issues.
Three enormous boxes of Pampers come to €168 ($198) on Amazon’s Spanish website. By contrast, the same order from Amazon’s British website costs only €74. (Even after an exorbitant delivery fee is added, the saving is still €42.)
This happens even inside the Euro area.
The swankiest Nespresso model will set them back €460 on Amazon’s French website, but can be snapped up for €301 on the German version. They could then boast about their canny shopping on Samsung’s newest phone, which varies in price by up to €300 depending on which domain is used.
I point this out because official inflation measurement relies on “substitution” where if the price rises you switch to something similar which is cheaper. But if people do not do this for the same thing inn the real world we are back in our Ivory Towers again.
Comment
Firstly we can award ourselves a small slap on the back as we were expecting this. From the movements in the Gold price ( down) and bond yields (up) far from everybody was. If we note the latter there are two serious problems for Chair Powell. The first is that if there is a body of people on this earth who follow his every word it is bond traders and they were to some extent off the pace. Thus all exposition about expectations above is exposed as this.
Every man has a place, in his heart there’s a space,
And the world can’t erase his fantasies
Take a ride in the sky, on our ship fantasii
All your dreams will come true, right away ( Earth,Wind & Fire )
Next is that if you take the policy at face value bond yields should have risen by far more than the 0.1% the long bond did. They did not rise by the 0.5% to 1% you might expect for two possible reasons.
Nobody expected the Fed to raise interest-rates for years anyway so what is the difference? If there is a policy change it is mostly likely to be more QE treasury bond purchases which will depress bond yields.
So back to the expectations we see that the Fed is responding to expectations it has created. What could go wrong? Putting it another way it is living a combination of Goodhart’s Law and the Lucas Critique.
I brought in the Japanese experience because it has made an extraordinary effort in monetary policy terms but the economy was shrinking before Covid-19 and there was essentially no inflation.
However the stock market ( Nikkei 225) has nearly trebled since Abenomics was seen as likely. Oh and the Bank of Japan has essentially financed the government borrowing.


investmentwatchblog--2020-08-28--Kamala Harris saying riots wont stop before and AFTER the election and that rioters should not stop.

Kamala Harris saying riots wont stop before and AFTER the election and that rioters should not stop. These people want BLOOD.

SHOT : How Chaos in Kenosha Is Already Swaying Some Voters in Wisconsin : As residents see fires and looting , some worry that local Democratic leaders are failing to keep control of the situation .
John Geraghty , a 41-year-old worker in a tractor factory , has barely paid attention to the presidential race or the conventions .
Every day he focuses on survival : getting his son to sports practice , working at his job where he now wears a mask , and getting home to sleep , only to start over again the next day .
But @ @ @ @ @ @ @ to images of his hometown , Kenosha , Wis. , in flames , he could not stop watching .
The unrest in faraway places like Portland , Ore. , and Minneapolis had arrived at his doorstep , after a white police officer on Sunday shot a Black man in the back multiple times .
And after feeling “ 100 percent on the fence ” about which candidates he will vote for in November , he is increasingly nervous that Democratic state leaders seem unable to contain the spiraling crisis .
“ It ’ @ @ @ @ @ @ @ happening in my home city , ” he said .
“ We have to have a serious conversation about what are we going to do about it .
It doesn ’ t seem like the powers that be want to do much.
” .
.
.
Don Biehn , 62 , owner of a flooring company , was standing in line at a gun store on Tuesday afternoon .
He said that he had never bought a pistol before , but that he had a business to protect .
A former county board @ @ @ @ @ @ @ been calling county and state officials for days , trying to explain how grave the situation was .
Neither John Antaramian , the mayor of Kenosha , nor Jim Kreuser , the county executive , responded to requests for comment .
( The positions are nonpartisan , but both men previously served in the State Assembly as Democrats . )
“ There ’ s people running all over with guns — it ’ s like some Wild West town , ” Mr. Biehn said .
“ We are just waiting here like sitting @ @ @ @ @ @ @ He added : “ It ’ s chaos — everybody is afraid.
” Mr. Trump , he said , “ was not my man , ” but now he is grateful he is president .
He said he seemed to understand in a way that other politicians did not .
.
.
.
Mr. Haight , 59 , said he was a “ lifelong Democrat ” but had decided not to vote this year .
“ It ’ s not worth it , ” he said .
“ One ’ s as bad @ @ @ @ @ @ @ a waitress at a pizza restaurant in Kenosha , was having the opposite reaction .
She said she had voted only once in her life — for Mr. Obama in 2008 .
Her son has Type 1 diabetes and was hoping for health insurance .
“ I ’ m not the one who would ever vote , ” she said .
But after the chaos in her town , this year is different .
“ I am going to vote for Trump , ” she said .
“ He seems to be more @ @ @ @ @ @ @ need .
”

SHOT: How Chaos in Kenosha Is Already Swaying Some Voters in Wisconsin: As residents see fires and looting, some worry that local Democratic leaders are failing to keep control of the situation.
John Geraghty, a 41-year-old worker in a tractor factory, has barely paid attention to the presidential race or the conventions. Every day he focuses on survival: getting his son to sports practice, working at his job where he now wears a mask, and getting home to sleep, only to start over again the next day.
But when he woke up on Monday morning to images of his hometown, Kenosha, Wis., in flames, he could not stop watching. The unrest in faraway places like Portland, Ore., and Minneapolis had arrived at his doorstep, after a white police officer on Sunday shot a Black man in the back multiple times. And after feeling “100 percent on the fence” about which candidates he will vote for in November, he is increasingly nervous that Democratic state leaders seem unable to contain the spiraling crisis.
“It’s crazy that it’s now happening in my home city,” he said. “We have to have a serious conversation about what are we going to do about it. It doesn’t seem like the powers that be want to do much.” . . .
Don Biehn, 62, owner of a flooring company, was standing in line at a gun store on Tuesday afternoon. He said that he had never bought a pistol before, but that he had a business to protect. A former county board supervisor, Mr. Biehn said he had been calling county and state officials for days, trying to explain how grave the situation was.
Neither John Antaramian, the mayor of Kenosha, nor Jim Kreuser, the county executive, responded to requests for comment. (The positions are nonpartisan, but both men previously served in the State Assembly as Democrats.)
“There’s people running all over with guns — it’s like some Wild West town,” Mr. Biehn said. “We are just waiting here like sitting ducks waiting to get picked off.”
He added: “It’s chaos — everybody is afraid.”
Mr. Trump, he said, “was not my man,” but now he is grateful he is president.
He said he seemed to understand in a way that other politicians did not. . . .
Mr. Haight, 59, said he was a “lifelong Democrat” but had decided not to vote this year.
“It’s not worth it,” he said. “One’s as bad as the other.”
Priscella Gazda, a waitress at a pizza restaurant in Kenosha, was having the opposite reaction. She said she had voted only once in her life — for Mr. Obama in 2008. Her son has Type 1 diabetes and was hoping for health insurance.
“I’m not the one who would ever vote,” she said.
But after the chaos in her town, this year is different.
“I am going to vote for Trump,” she said. “He seems to be more about the American people and what we need.”