investmentwatchblog--2020-06-16--Fed Gold Buying May Soon Be the “Policy Option of Choice”

This week , Your News to Know rounds up the latest top stories involving gold and the overall economy .
Stories include : Guggenheim CIO thinks the greenback is facing multiple risks , private investors aren ’ t the only ones buying gold in fear of a crisis , and the bond market and U.S. dollar could be creating a perfect storm for gold .
The U.S. dollar is under the most pressure it has been in a while However tight of a grip the U.S. dollar has on the global economy , there are only so many accommodative measures @ @ @ @ @ @ @ before speculators begin to ask questions .
Addressing the state of the domestic economy in a recent note , chief investment officer of Guggenheim Investments Scott Minerd remarked that the Fed has opted to do whatever it takes to keep the economy afloat and avoid a downturn .
With a budget deficit set to exceed $ 3 trillion this year , Fed Chair Jerome Powell ’ s team certainly has their hands full .
Despite the massive amount of money printed over the past few months , Minerd sees a formal quantitative easing @ @ @ @ @ @ @ , one that will have the Fed purchasing assets in spades to keep up with bond issuance .
Minerd also expects this to be paired with a prolonged environment of zero interest rates , which could rightly raise inflation expectations .
And while a spike in inflation and low ( or negative ) interest rates are both major boons for gold – the latter exemplified by the yellow metal peaking in denominations whose nations adopted such policies – the real driver could be the Fed ’ s necessity to maintain its position on @ @ @ @ @ @ @ of bullion to guard against a potential weakening of its currency .
“ The accumulation of gold as a reserve asset historically has been seen as a responsible policy response in periods of crisis , ” explained Minerd .
“ This may very well become the policy option of choice in the future.
” Central banks are turning to gold to offset a potential crisis Over the past two years , central banks around the world stunned pundits by purchasing roughly 650 tons of bullion in both 2018 and 2019 .
Purchases such @ @ @ @ @ @ @ clearly has had worries over something , and the consensus appears to be that various central banks are shielding themselves from another crisis .
These purchases , however , came before the pandemic struck a massive blow to the global economy , one whose effects are yet to be fully determined .
While there were already expectations that central banks would continue to increase their holdings exponentially prior to the pandemic , a recent study by the World Gold Council showed that central banks are keener on bullion than ever .
Last year @ @ @ @ @ @ @ among the official sector , with 8 % of central banks stating that they plan to increase their holdings .
This year , 20 % of the respondents said that their central bank is likely to bolster its bullion reserves , with three quarters of all respondents expecting that global central bank holdings will increase .
Besides the greatly heightened risk of a financial crisis , 6 out of 10 respondents also listed low and negative bond yields in economies with massive debt as a key reason to purchase gold .
Another interesting @ @ @ @ @ @ @ favor buying gold during times of comparatively lower prices due to the strength of their purchases , as seen by their easing off this year when gold passed the $ 1,700 level .
This means that any dip below this level will likely signal an entry point for central bankers , providing major support for gold .
Pepperstone : Gold bulls could soon get what they ’ ve been waiting for In a note published by Pepperstone head of research Chris Weston , the analyst went over two main drivers that could help @ @ @ @ @ @ @ $ 1,750 range , one that nonetheless represents a roughly 20 % increase year-to-date .
Both of these have to do with the Federal Reserve ’ s policies moving forward , which have already pushed gold above $ 1,750 for the first time in seven years .
Last Wednesday ’ s announcement that the Fed ’ s primary interest rate will stay between zero and 0.25 % possibly until 2022 and beyond , along with a forecast that the U.S. GDP will contract by 6.5 % this year , pummeled the equity market @ @ @ @ @ @ @ , Weston views bonds and the U.S. dollar as the key ingredients that will inch gold towards $ 1,800 .
Weston said his firm expects an ongoing move lower in nominal yields and increasingly higher inflation expectations .
These expectations have already somewhat materialized , with the 5-year real Treasury yields plunging from 11bp to -70bp .
Pepperstone also expects the Fed ’ s policies to weigh heavily on the dollar and forecasts losses in the greenback down the way as the central bank moves towards more easing .
“ The U.S. is @ @ @ @ @ @ @ destination for global savings that it has been in recent years , and investors now have a choice and have redistributed capital accordingly , ” said Weston .

From Birch Gold Group
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Guggenheim CIO thinks the greenback is facing multiple risks, private investors aren’t the only ones buying gold in fear of a crisis, and the bond market and U.S. dollar could be creating a perfect storm for gold.
The U.S. dollar is under the most pressure it has been in a while
However tight of a grip the U.S. dollar has on the global economy, there are only so many accommodative measures that the Federal Reserve can turn to before speculators begin to ask questions. Addressing the state of the domestic economy in a recent note, chief investment officer of Guggenheim Investments Scott Minerd remarked that the Fed has opted to do whatever it takes to keep the economy afloat and avoid a downturn.
With a budget deficit set to exceed $3 trillion this year, Fed Chair Jerome Powell’s team certainly has their hands full. Despite the massive amount of money printed over the past few months, Minerd sees a formal quantitative easing (QE) program on the horizon, one that will have the Fed purchasing assets in spades to keep up with bond issuance.
Minerd also expects this to be paired with a prolonged environment of zero interest rates, which could rightly raise inflation expectations. And while a spike in inflation and low (or negative) interest rates are both major boons for gold – the latter exemplified by the yellow metal peaking in denominations whose nations adopted such policies – the real driver could be the Fed’s necessity to maintain its position on the global stage by purchasing massive amounts of bullion to guard against a potential weakening of its currency.
“The accumulation of gold as a reserve asset historically has been seen as a responsible policy response in periods of crisis,” explained Minerd. “This may very well become the policy option of choice in the future.”
Central banks are turning to gold to offset a potential crisis
Over the past two years, central banks around the world stunned pundits by purchasing roughly 650 tons of bullion in both 2018 and 2019. Purchases such as these show that the official sector clearly has had worries over something, and the consensus appears to be that various central banks are shielding themselves from another crisis.
We are primarily funded by readers. Please subscribe and donate to support us!
These purchases, however, came before the pandemic struck a massive blow to the global economy, one whose effects are yet to be fully determined. While there were already expectations that central banks would continue to increase their holdings exponentially prior to the pandemic, a recent study by the World Gold Council showed that central banks are keener on bullion than ever.
Last year, the WGC conducted a similar survey among the official sector, with 8% of central banks stating that they plan to increase their holdings. This year, 20% of the respondents said that their central bank is likely to bolster its bullion reserves, with three quarters of all respondents expecting that global central bank holdings will increase. Besides the greatly heightened risk of a financial crisis, 6 out of 10 respondents also listed low and negative bond yields in economies with massive debt as a key reason to purchase gold.
Another interesting take is that central banks appear to favor buying gold during times of comparatively lower prices due to the strength of their purchases, as seen by their easing off this year when gold passed the $1,700 level. This means that any dip below this level will likely signal an entry point for central bankers, providing major support for gold.
Pepperstone: Gold bulls could soon get what they’ve been waiting for
In a note published by Pepperstone head of research Chris Weston, the analyst went over two main drivers that could help gold push out of its $1,650-$1,750 range, one that nonetheless represents a roughly 20% increase year-to-date.
Both of these have to do with the Federal Reserve’s policies moving forward, which have already pushed gold above $1,750 for the first time in seven years. Last Wednesday’s announcement that the Fed’s primary interest rate will stay between zero and 0.25% possibly until 2022 and beyond, along with a forecast that the U.S. GDP will contract by 6.5% this year, pummeled the equity market and sent gold flying.
From here, Weston views bonds and the U.S. dollar as the key ingredients that will inch gold towards $1,800. Weston said his firm expects an ongoing move lower in nominal yields and increasingly higher inflation expectations. These expectations have already somewhat materialized, with the 5-year real Treasury yields plunging from 11bp to -70bp.
Pepperstone also expects the Fed’s policies to weigh heavily on the dollar and forecasts losses in the greenback down the way as the central bank moves towards more easing. “The U.S. is no longer the standout and almost isolated destination for global savings that it has been in recent years, and investors now have a choice and have redistributed capital accordingly,” said Weston.


investmentwatchblog--2020-06-16--German Debt Grows by €412 Billion Euros

German Debt Grows by €412 Billion Euros

Germany ’ s debts are growing by almost half a trillion euros this year due to the corona crisis — @ @ @ @ @ new historical high .
In 2019 , the Germany public debt was €2.053 trillion euros @ @ @ @ @ ) , which was decreasing marginally by about €145 billion since 2018 .
This amount @ @ @ @ @ % of Germany ’ s GDP .
However , this coronavirus has resulted in a @ @ @ @ @ dwarfs the previous €145 billion decline between 2018 and 2019 .
Germany ’ s economy @ @ @ @ @ the first quarter , its sharpest quarterly decline since the first three months of 2009 @ @ @ @ @ the global financial crisis .
On the year , Germany ’ s economy shrank by @ @ @ @ @ March compared to the same period in 2019 , having posted a 0.4 % annual @ @ @ @ @ .
This coordinated effort to redesign the world economy being called the Great Reset is @ @ @ @ @ to a serious halt .

by Martin Armstrong
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Germany’s debts are growing by almost half a trillion euros this year due to the corona crisis — and have thus reached a new historical high. In 2019, the Germany public debt was €2.053 trillion euros ($2.3 trillion dollars), which was decreasing marginally by about €145 billion since 2018. This amount worked out to be 59.8% of Germany’s GDP. However, this coronavirus has resulted in a €412 billion increase already which dwarfs the previous €145 billion decline between 2018 and 2019. Germany’s economy contracted by 2.2% in the first quarter, its sharpest quarterly decline since the first three months of 2009, in the throes of the global financial crisis. On the year, Germany’s economy shrank by 2.3% from January to March compared to the same period in 2019, having posted a 0.4% annual rise in the fourth quarter. This coordinated effort to redesign the world economy being called the Great Reset is all about bringing German auto-manufacturing to a serious halt.


investmentwatchblog--2020-06-16--The “SECOND WAVE” Lockdown Is Coming! – Despite Science, Governments Want To Lockdown AGAIN!

Josh Sigurdson reports on the insanity of another potential lockdown and how the global establishment is attempting to present the @ @ @ @ @ wave ” despite the latest scientific studies out of the CDC itself showing that the @ @ @ @ @ The numbers show a rate of 0.04 % for those with the illness including the @ @ @ @ @ is insanely low , yet we see stories out of Beijing of a reinstated lockdown @ @ @ @ @ world that are extending their lockdown as well .
In the United States there is @ @ @ @ @ in many places .
But why ?
The numbers paint a different picture .
The @ @ @ @ @ on Earth would they relinquish control once they already have it ?
Despite the science @ @ @ @ @ , countless people chomp at the bit to support the establishment point of view under @ @ @ @ @ ” It ’ s perfect doublespeak and it ’ s rather scary .

Josh Sigurdson reports on the insanity of another potential lockdown and how the global establishment is attempting to present the cast for a “second wave” despite the latest scientific studies out of the CDC itself showing that the numbers are incredibly minimal. The numbers show a rate of 0.04% for those with the illness including the undercounted asymptomatic rate. This is insanely low, yet we see stories out of Beijing of a reinstated lockdown alongside countless countries throughout the world that are extending their lockdown as well. In the United States there is a push to reinstate lockdowns in many places. But why? The numbers paint a different picture. The answer is control. Why on Earth would they relinquish control once they already have it? Despite the science proving the issue is minimal, countless people chomp at the bit to support the establishment point of view under the guise of “science.” It’s perfect doublespeak and it’s rather scary.
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investmentwatchblog--2020-06-16--Police reform may quell some of the distress. But there’s about to be a massive drop-off in help for

Police reform may quell some of the distress. But there’s about to be a massive drop-off in help for the unemployed. And that’s when things may explode.

In a June 2 statement before the Senate Banking Committee , on which he is the top Democrat , Sen. @ @ @ @ @ sought to connect the issues gripping the country : “ Our job is to show @ @ @ @ @ the hands of their own government that the same government will protect them from this @ @ @ @ @ that we see them , that we are fighting for them , ” said Brown @ @ @ @ @ lives matter.
” Asked in an interview if a failure to further extend economic relief @ @ @ @ @ said he didn ’ t want to predict anything .
“ What I will predict @ @ @ @ @ ’ t move until July , the economic damage is going to broaden and deepen @ @ @ @ @ climb out of will be much harder to ascend , ” he told The Daily @ @ @ @ @ ’ s happening now makes it more urgent .
”

by mark000
www.thedailybeast.com/americas-social-unrest-is-about-to-get-much-worse-congress-fears
&
In a June 2 statement before the Senate Banking Committee, on which he is the top Democrat, Sen. Sherrod Brown (D-OH) sought to connect the issues gripping the country: “Our job is to show victims of systemic racism at the hands of their own government that the same government will protect them from this pandemic—that we hear them, that we see them, that we are fighting for them,” said Brown. “And that their lives matter.” Asked in an interview if a failure to further extend economic relief could impact protests, Brown said he didn’t want to predict anything. “What I will predict is, if we don’t move until July, the economic damage is going to broaden and deepen, and the hole to climb out of will be much harder to ascend,” he told The Daily Beast. “Everything that’s happening now makes it more urgent.”


investmentwatchblog--2020-06-16--Asymptomatic patients may still get lung damage

“ The authors also conclude that the absence of symptoms may not imply an absence of harm .
CT scans @ @ @ @ @ 76 asymptomatic individuals on the Diamond Princess cruise ship , appear to show significant subclinical @ @ @ @ @ of SARS-CoV-2 infection impacting lung function that might not be immediately apparent .
The scientists @ @ @ @ @ to confirm the potential significance of this finding .
”

“The authors also conclude that the absence of symptoms may not imply an absence of harm. CT scans conducted on 54 percent of 76 asymptomatic individuals on the Diamond Princess cruise ship, appear to show significant subclinical lung abnormalities raising the possibility of SARS-CoV-2 infection impacting lung function that might not be immediately apparent. The scientists say further research is needed to confirm the potential significance of this finding.”
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fox5sandiego.com/news/coronavirus/study-finds-covid-19-can-damage-lungs-without-showing-symptoms/


investmentwatchblog--2020-06-16--Warning: The Fed Will Soon Be Buying Stocks… Here’s How to Play This.

The Fed stepped in to save stocks yesterday .
At the time , the market was experiencing its first significant decline since the March 23rd bottom , falling ~10 % from peak to trough .
From a technical analysis perspective , stocks were on the verge of losing the all-important 200-day moving average ( DMA ) .
It is not coincidence that the Fed used this opportunity to announce a new twist to one of its bond buying programs , specifically , that for the first time in history the Fed would buy individual corporate bonds .
The Fed was @ @ @ @ @ @ @ exchange traded funds and indexes .
Thanks to the new program , the Fed will continue doing this while also buying corporate debt from individual companies .
The implications of this are tremendous .
The Fed can now “ prop up ” a failing company by buying the company ’ s debt .
And unlike real investors , the Fed isn ’ t interested in turning a profit .
This only further signals that the Fed is moving to corner all risk in the financial system .
The Fed is now involved in @ @ @ @ @ @ @ debt issued by states and cities ) • The corporate bond markets by index ( debt issued by corporations ) • And the asset-backed security markets ( everything from student loans to certificates of deposit and more ) .
Seeing this , it ’ s clear the Fed will soon be buying stocks most likely by first buying ETFs eventually buying individual stocks themselves .
We are now entering the greatest bubble of all time : a situation in which the Fed will spend trillions and trillions of dollars to corner all risk @ @ @ @ @ @ @ system .
As I write this , the Fed has already spent over $ 3 trillion in the last three months .
I expect this will soon be $ 5 trillion or even $ 6 trillion before the end of 2021 .
This is going to unleash an inflationary storm .
Already gold and other assets have begun to discount this .
And smart investors are preparing their portfolios to profit from it .
On that note , we just published a Special Investment Report concerning FIVE contrarian investments you can use to @ @ @ @ @ @ @ through the financial system in the months ahead .
The report is titled Survive the Inflationary Storm .
And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining .
We are making just 100 copies available to the public .
There are just 9 left .
To pick up yours , swing by :

The Fed stepped in to save stocks yesterday.
At the time, the market was experiencing its first significant decline since the March 23rd bottom, falling ~10% from peak to trough. From a technical analysis perspective, stocks were on the verge of losing the all-important 200-day moving average (DMA).
It is not coincidence that the Fed used this opportunity to announce a new twist to one of its bond buying programs, specifically, that for the first time in history the Fed would buy individual corporate bonds.
The Fed was already buying corporate bonds in bundles via exchange traded funds and indexes. Thanks to the new program, the Fed will continue doing this while also buying corporate debt from individual companies.
The implications of this are tremendous. The Fed can now “prop up” a failing company by buying the company’s debt. And unlike real investors, the Fed isn’t interested in turning a profit.
This only further signals that the Fed is moving to corner all risk in the financial system. The Fed is now involved in:
The Treasury markets (US sovereign debt)
The municipal bond markets (debt issued by states and cities)
The corporate bond markets by index (debt issued by corporations)
Individual corporate bonds.
The commercial paper markets (short-term corporate debt market)
And the asset-backed security markets (everything from student loans to certificates of deposit and more).
Seeing this, it’s clear the Fed will soon be buying stocks most likely by first buying ETFs eventually buying individual stocks themselves.
Put another way…
We are now entering the greatest bubble of all time: a situation in which the Fed will spend trillions and trillions of dollars to corner all risk in an effort to reflate the financial system.
As I write this, the Fed has already spent over $3 trillion in the last three months. I expect this will soon be $5 trillion or even $6 trillion before the end of 2021.
This is going to unleash an inflationary storm. Already gold and other assets have begun to discount this. And smart investors are preparing their portfolios to profit from it.
We are primarily funded by readers. Please subscribe and donate to support us!
On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make inflation pay you as it rips through the financial system in the months ahead.
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.
We are making just 100 copies available to the public.
There are just 9 left.
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-06-16--If I was handing out AR-15s on the street, I’d have ATF kicking down my door the next day… But when

If I was handing out AR-15s on the street, I’d have ATF kicking down my door the next day… But when CHAZ Commies do it, it’s a “block party”… People aren’t going to take this hypocrisy much longer

If I was handing out AR-15s on the street , I ’ d have ATF kicking down my door the @ @ @ @ @ Commies do it , it ’ s a “ block party ” People aren ’ @ @ @ @ @ hypocrisy much longer

If I was handing out AR-15s on the street, I’d have ATF kicking down my door the next day
But when CHAZ Commies do it, it’s a “block party”
People aren’t going to take this hypocrisy much longer
— Rogan O’Handley 🇺🇸 (@DC_Draino) June 16, 2020


investmentwatchblog--2020-06-16--Tuesday Trump Pump (No Dump?): “Looks like a BIG DAY FOR THE STOCK MARKET”

( by Half Dollar ) The May Retail Sales report hit the tape a while ago , and if you @ @ @ @ @ May was a month for the history books : Following the release of the report @ @ @ @ @ gold & silver today as is typical of Tuesdays ?
Or is the main focus @ @ @ @ @ ’ s the question : With unlimited “ money ” creation , and with the @ @ @ @ @ the unaudited and unaccountable Fed via the Exchange Stabilization and other mechanisms , can ’ @ @ @ @ @ any kind of day one so desires ?
Regardless , we ’ ll see what @ @ @ @ @ .
Here ’ s the stock market at the open : Quite the gap-up indeed @

(by Half Dollar) The May Retail Sales report hit the tape a while ago, and if you believe the Census Bureau, May was a month for the history books:
President Trump is elated!
Following the release of the report:
Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS! — Donald J. Trump (@realDonaldTrump) June 16, 2020
A look at gold & silver’s 3-minute chart:
Will the cartel smash gold & silver today as is typical of Tuesdays?
Or is the main focus the stock market?
Here’s the question: With unlimited “money” creation, and with the US Treasury in bed with the unaudited and unaccountable Fed via the Exchange Stabilization and other mechanisms, can’t the stock market have any kind of day one so desires?
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It’s not magic.
It’s manipulation.
Regardless, we’ll see what happens in the markets today.
Here’s the stock market at the open:
Quite the gap-up indeed!
Developing…


investmentwatchblog--2020-06-16--Olympia mayor who supported Black Lives Matter calls protest vandalism at her home ‘domestic terrori

Olympia mayor who supported Black Lives Matter calls protest vandalism at her home ‘domestic terrorism’

The mayor of Olympia , Washington , expressed support for the Black Lives Matter cause , but when her own home was vandalized , she called it similar to “ domestic terrorism.
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Mayor Cheryl Selby made the comments after her home was vandalized on Friday with Black Lives Matter graffiti though she already displayed support for the movement .
“ I ’ m really trying to process this , ” the mayor said Saturday @ @ @ @ @ @ @ s like domestic terrorism .
It ’ s unfair.
” The vandalism was a part of a protest that turned to rioting in downtown Olympia .
Businesses were vandalized with spray paint , flags were burned , and windows were smashed .
Then they marched into Selby ’ s neighborhood .
Surveillance video shows one black-clad rioter , who appears to be white , spray-painting “ BLM , ” “ racist , ” and “ abolish ” on her home .
“ It hurts when you ’ re giving so much to your @ @ @ @ @ @ @ and her family were not home , but her neighbors began texting her when the protesters arrived at her house .

The mayor of Olympia, Washington, expressed support for the Black Lives Matter cause, but when her own home was vandalized, she called it similar to “domestic terrorism.”
Ditch the fake news ==> Click here to get news you can trust sent right to your inbox. It’s free!
Mayor Cheryl Selby made the comments after her home was vandalized on Friday with Black Lives Matter graffiti though she already displayed support for the movement.
“I’m really trying to process this,” the mayor said Saturday to the Olympian. “It’s like domestic terrorism. It’s unfair.”
The vandalism was a part of a protest that turned to rioting in downtown Olympia. Businesses were vandalized with spray paint, flags were burned, and windows were smashed. Then they marched into Selby’s neighborhood.
Surveillance video shows one black-clad rioter, who appears to be white, spray-painting “BLM,” “racist,” and “abolish” on her home.
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“It hurts when you’re giving so much to your community,” she said.
Selby and her family were not home, but her neighbors began texting her when the protesters arrived at her house.
www.theblaze.com/news/olympia-mayor-blm-vandalism-terrorism


investmentwatchblog--2020-06-16--How the CDC and the FDA wrecked the American economy

Public officials across the United States are flying blind against the COVID-19 epidemic .
Because of a government-engineered testing fiasco , they do not know how fast the virus is spreading , how many people have been infected by it , how many will die as a result or how many have developed immunity to it .
The failure to implement early and wide testing , which was caused by a combination of short-sightedness , ineptitude and bureaucratic intransigence , left politicians scrambling to avoid a hospital crisis by imposing broad business closures and stay-at-home orders .
It foreclosed the @ @ @ @ @ @ @ approach , focused on identifying carriers , tracing their contacts and protecting the public through isolation and quarantines .
The initial outbreak of COVID-19 in Wuhan , China , was reported at the end of December .
The first confirmed case in the United States was reported on Jan. 20 , by which time it seems likely that many other Americans were already infected .
At first , the U.S. Centers for Disease Control and Prevention monopolized COVID-19 tests .
When the CDC began shipping test kits to state laboratories in early February @ @ @ @ @ @ @ .
The CDC and the Food and Drug Administration initially blocked efforts by universities and businesses to develop and conduct tests before relaxing the restrictions that made it impossible to assess the progress of the epidemic .
Making a false virtue of necessity , the CDC set irrationally narrow criteria for testing , which meant that carriers without severe symptoms or obvious risk factors escaped detection .

Public officials across the United States are flying blind against the COVID-19 epidemic.
Because of a government-engineered testing fiasco, they do not know how fast the virus is spreading, how many people have been infected by it, how many will die as a result or how many have developed immunity to it.
The failure to implement early and wide testing, which was caused by a combination of short-sightedness, ineptitude and bureaucratic intransigence, left politicians scrambling to avoid a hospital crisis by imposing broad business closures and stay-at-home orders. It foreclosed the possibility of a more proactive and targeted approach, focused on identifying carriers, tracing their contacts and protecting the public through isolation and quarantines.
The initial outbreak of COVID-19 in Wuhan, China, was reported at the end of December. The first confirmed case in the United States was reported on Jan. 20, by which time it seems likely that many other Americans were already infected.
We are primarily funded by readers. Please subscribe and donate to support us!
At first, the U.S. Centers for Disease Control and Prevention monopolized COVID-19 tests. When the CDC began shipping test kits to state laboratories in early February, they turned out to be defective.
The CDC and the Food and Drug Administration initially blocked efforts by universities and businesses to develop and conduct tests before relaxing the restrictions that made it impossible to assess the progress of the epidemic. Making a false virtue of necessity, the CDC set irrationally narrow criteria for testing, which meant that carriers without severe symptoms or obvious risk factors escaped detection.
chicago.suntimes.com/columnists/2020/4/7/21212901/cdc-fda-covid-19-coronavirus-epidemic


investmentwatchblog--2020-06-16--Liberal insanity: Frankenstein looking Lightfoot telling us to not practice our 2A right but to call

Liberal insanity: Frankenstein looking Lightfoot telling us to not practice our 2A right but to call the police. . The same police she and her liberal friends state are evil. Hypocrisy knows no end with these Democratic demons.

You know what ?
I ’ m tired of caring .
These people keep getting elected .
The people who @ @ @ @ @ ’ t vote made their bed and they can lay in it .

You know what? I’m tired of caring. These people keep getting elected. The people who voted for this or didn’t vote made their bed and they can lay in it.
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AC


investmentwatchblog--2020-06-16--Joe Biden: “We gotta, it’s just, but, you gotta, I mean, the, we gotta reassure, look, here, my, my

Joe Biden: “We gotta, it’s just, but, you gotta, I mean, the, we gotta reassure, look, here, my, my message to everybody I talk to”

Joe Biden on Morning Joe had this to say : “ We got ta , it ’ s just , @ @ @ @ @ , I mean , the , we got ta reassure , look , here , @ @ @ @ @ everybody I talk to ” There are plenty more where this clip came from .
@ @ @ @ @ ’ s important for Americans to understand that this man can not be president .
@ @ @ @ @ see below ) with Biden are embarrassing and sad .
It ’ s really hard @ @ @ @ @ the nominee for the Democrats .
They just keep pushing him out there to make @ @ @ @ @ ’ d think his wife would put an end to this trainwreck .
Watch Jill @ @ @ @ @ ’ t remember what he was saying in the video below .
She is really @ @ @ @ @ push her husband to be POTUS .

Joe Biden on Morning Joe had this to say:
“We gotta, it’s just, but, you gotta, I mean, the, we gotta reassure, look, here, my, my message to everybody I talk to”
There are plenty more where this clip came from. This is sad but it’s important for Americans to understand that this man cannot be president.
Clips from the interviews (see below) with Biden are embarrassing and sad. It’s really hard to believe this man is the nominee for the Democrats. They just keep pushing him out there to make gaffe after gaffe.
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You’d think his wife would put an end to this trainwreck.
Watch Jill Biden when Joe Biden can’t remember what he was saying in the video below. She is really shameless in her effort to push her husband to be POTUS.
WATCH: Joe Biden can't remember what he was saying. pic.twitter.com/kGiDhKtMpA — Trump War Room – Text TRUMP to 88022 & get the APP (@TrumpWarRoom) April 16, 2020
100percentfedup.com/joe-biden-we-gotta-its-just-but-you-gotta-i-mean-the-we-gotta-reassure-look-here-my-my-message-to-everybody-i-talk-to/


investmentwatchblog--2020-06-16--Black Lives Matter is a farce. It’s a far left organization pretending to defend black lives while a

Black Lives Matter is a farce .
It ’ s a far left organization pretending to defend black lives while @ @ @ @ @ that only endangers those very lives .
The idea that BLM is untouchable because of @ @ @ @ @ the extreme .
Farce , yes .
And worse t.co/9vhSMs934T

by tokenninja
Black Lives Matter is a farce. It’s a far left organization pretending to defend black lives while advancing policies and fomenting unrest that only endangers those very lives. The idea that BLM is untouchable because of its name is stupidity in the extreme. Farce, yes. And worse t.co/9vhSMs934T
— Matt Walsh (@MattWalshBlog) June 16, 2020


investmentwatchblog--2020-06-16--Wow, Shake Shack, you weren’t kidding!

Wow, Shake Shack, you weren’t kidding!

BREAKING : NYPD Officers Hospitalized After Consuming Drinks With ‘ Toxic Substance ’ At A Shake Shack , Reports Say @ @ @ @ @ , PBA President Pat Lynch said : ‘ I am writing to alert you to @ @ @ @ @ .
This evening , several MOS [ member of service ] assigned to a protest @ @ @ @ @ a meal at the Shake Shack location on Broadway and Fulton Street .
At some @ @ @ @ @ , the MOS discovered that a toxic substance , believed to be bleach , had @ @ @ @ @ .
The contamination was not discovered until the MOS had already ingested a portion of @ @ @ @ @ currently at the hospital receiving treatment and are expected to recover .
All PBA members @ @ @ @ @ any prepared food item they purchase while on duty for possible contamination .
Whenever possible @ @ @ @ @ of two or more , and remain vigilant for the duration of the meal period.
@ @ @ @ @ police officers were “ intentionally poisoned ” by Shake Shack employees – BLM

by NeilNewsNetwork
BREAKING: NYPD Officers Hospitalized After Consuming Drinks With ‘Toxic Substance’ At A Shake Shack, Reports Say. “In a statement, PBA President Pat Lynch said: ‘I am writing to alert you to yet another serious safety issue. This evening, several MOS [member of service] assigned to a protest detail in lower Manhattan took a meal at the Shake Shack location on Broadway and Fulton Street. At some point during their meal period, the MOS discovered that a toxic substance, believed to be bleach, had been placed in their beverages. The contamination was not discovered until the MOS had already ingested a portion of their beverages. They are currently at the hospital receiving treatment and are expected to recover. All PBA members are advised to carefully inspect any prepared food item they purchase while on duty for possible contamination. Whenever possible, take meal in groups of two or more, and remain vigilant for the duration of the meal period.”
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Domestic Terrorists – Three police officers were “intentionally poisoned” by Shake Shack employees – BLM


investmentwatchblog--2020-06-16--CORRECTION — OR ADDENDUM — THE LEFT IS DESPERATE AND RAVING OUT OF THEIR MINDS INSANE:

De Blasio Instructs Tracers Not to Ask New Coronavirus Patients if They Attended Protests .
“ We ask them questions about where they ’ ve been so that we can gauge who may be at risk .
It may come out as part of the interview , but we ask more open-ended questions.
” The City reported that New York City Mayor Bill de Blasio instructed “ test and tracers ” not to ask anyone who tests positive for the Wuhan coronavirus if they attended any of the protests or riots in response to the death of George Floyd .
@ @ @ @ @ @ @ concerns the protests and riots could spark another wave and his city being the epicenter of America ’ s outbreak .
The hundreds of contact tracing workers hired by the city under de Blasio ’ s new “ test and trace ” campaign have been instructed not to ask anyone who ’ s tested positive for COVID-19 whether they recently attended a demonstration , City Hall confirmed to THE CITY .
“ No person will be asked proactively if they attended a protest , ” Avery Cohen , a spokesperson for de Blasio @ @ @ @ @ @ @ questions by THE CITY .
Instead , test-and-trace workers ask COVID-positive individuals general questions to help them “ recall ‘ contacts ’ and individuals they may have exposed , ” Cohen said .
Among the initial questions : “ Do you live with anyone in your home ?
” Tracers then ask about “ close contacts ” — defined as being within six feet of another person for at least 10 minutes .
It ’ s up to tested individuals to volunteer whether any of those close contacts occurred during protests .
“ @ @ @ @ @ @ @ that information , there is an opportunity for them to do so , ” Cohen wrote .
De Blasio announced the “ test and trace ” campaign on May 8 .
NYC officials said most people have cooperated with the tracers , but others “ have refused to volunteer any information about their close contacts.
” NEW YORK IS A CLOWN SHOW ( CONT ’ D ) : Governor Andrew Cuomo Is Talking , No One Is Listening , and de Blasio Is Not Helping .
THE NEW YORK POST FRONT PAGE NAILS @ @ @ @ @ @ @ : Trump ’ s Upcoming Post-COVID Rally Is Just What the Reelection Doctor Ordered .
“ The overwrought reaction from the media is proof positive that getting back on the campaign trail is the right thing to do .
At bare minimum , it ’ s exposing their hypocrisy .
After weeks of seeing thousands of people flood the streets for riots and protests that have been championed by the media , the prospect of a Trump rally has suddenly made the brave journalist class oh-so-concerned about COVID-19 again.
” YOU CAN ’ @ @ @ @ @ @ @ The staggering hypocrisy of the Democrats over COVID-19 .
In the middle of May , DC Mayor Muriel Bowser extended her lockdown order through to the June 8 .
Two days prior to her own lockdown order was to be reviewed , on June 6 , she encouraged mass gatherings of protests , in a tweet saying ‘ Let ’ s all meet here soon # BlackLivesMatter ’ , with a photo showing off her big block yellow letters painted down a DC street .
In a press release about a possible spike @ @ @ @ @ @ @ after two weeks of protests she encouraged herself , Bowser announced that ‘ DC Health has confirmed that a new peak was detected in the data , resetting the Districts Phase One count to nine days of sustained decrease.
’ Florida congressswoman Val Demings , who features on the shortlist to be Joe Biden ’ s VP nominee , tweeted on June 8 that she had joined a ‘ Healing and Hope Rally last night to speak with our community as America grieves.
’ Two days later she scolded the President : planning @ @ @ @ @ @ @ and elsewhere as we experience a resurgence in COVID cases is irresponsible and selfish ’ .
If there ’ s a gaping lack of curiosity about this blatantly hypocritical behavior from Democratic officials , it ’ s because members of the media are not only purposely ignoring it , but partaking in the same double-standard .

De Blasio Instructs Tracers Not to Ask New Coronavirus Patients if They Attended Protests.
“We ask them questions about where they’ve been so that we can gauge who may be at risk. It may come out as part of the interview, but we ask more open-ended questions.”
The City reported that New York City Mayor Bill de Blasio instructed “test and tracers” not to ask anyone who tests positive for the Wuhan coronavirus if they attended any of the protests or riots in response to the death of George Floyd.
De Blasio made this decision despite having concerns the protests and riots could spark another wave and his city being the epicenter of America’s outbreak.
From The City:
The hundreds of contact tracing workers hired by the city under de Blasio’s new “test and trace” campaign have been instructed not to ask anyone who’s tested positive for COVID-19 whether they recently attended a demonstration, City Hall confirmed to THE CITY. “No person will be asked proactively if they attended a protest,” Avery Cohen, a spokesperson for de Blasio, wrote in an emailed response to questions by THE CITY. Instead, test-and-trace workers ask COVID-positive individuals general questions to help them “recall ‘contacts’ and individuals they may have exposed,” Cohen said. Among the initial questions: “Do you live with anyone in your home?” Tracers then ask about “close contacts” — defined as being within six feet of another person for at least 10 minutes. It’s up to tested individuals to volunteer whether any of those close contacts occurred during protests. “If a person wants to proactively offer that information, there is an opportunity for them to do so,” Cohen wrote.
De Blasio announced the “test and trace” campaign on May 8. NYC officials said most people have cooperated with the tracers, but others “have refused to volunteer any information about their close contacts.”
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investmentwatchblog--2020-06-16--Minnesota Freedom Fund, a not-for-profit organization that posts bail for protesters, prioritizing B

Minnesota Freedom Fund, a not-for-profit organization that posts bail for protesters, prioritizing Black, Indigenous and Peoples of Color, has raised more than $25,000,000 since George Floyd’s death, but has only paid out $200,000 to post bail. Why?

Minnesota Freedom Fund is an organization that pays bail for protesters .
It has , since George Floyd ’ s @ @ @ @ @ of $ 25 million , but has only paid out $ 200 thousand for bail @ @ @ @ @ heavily criticized over a tweet stating that it has only paid out $ 200 thousand @ @ @ @ @ the organization has taken down the “ Team ” page from its website .
Where @ @ @ @ @ ?

by ratioetlogicae
minnesotafreedomfund.org/
Minnesota Freedom Fund is an organization that pays bail for protesters. It has, since George Floyd’s death, raise in excess of $25 million, but has only paid out $200 thousand for bail.
We are primarily funded by readers. Please subscribe and donate to support us!
The organization is being heavily criticized over a tweet stating that it has only paid out $200 thousand. Since that time, the organization has taken down the “Team” page from its website.
Luckily, someone archived it: archive.is/aF45V
Where is all the money going?
Appreciate all those calling for transparency. We see y’all. Our values and mission have not changed since 2016. Be on the lookout for things coming on our end. Be well. t.co/ocWVGrYzcj — Minnesota Freedom Fund (@MNFreedomFund) June 16, 2020


investmentwatchblog--2020-06-16--NEW OUTBREAK AT CHINA MARKET; BEIJING EXPANDS LOCKDOWNS; RESIDENTS ROUNDED-UP; ‘WARTIME’ MODE; HERE

NEW OUTBREAK AT CHINA MARKET; BEIJING EXPANDS LOCKDOWNS; RESIDENTS ROUNDED-UP; ‘WARTIME’ MODE; HERE WE GO AGAIN?

A second more deadly strain of corona virus hits Beijing !
China claims virus brought in from Europe !
Authorities in Beijing have described the city ’ s coronavirus outbreak as “ extremely severe ” as dozens more cases emerged and travel from the city was curtailed .
Additional neighbourhoods were fenced off on Tuesday , with security checkpoints set up at residential compounds , and high-risk people – such as close contacts of people who test positive – prevented from leaving the city .
“ The epidemic situation in the capital is extremely severe , ” Beijing city spokesman @ @ @ @ @ @ @ .
“ Right now we have to take strict measures to stop the spread of Covid-19.
” More than 20 neighbourhoods in the Chinese capital have now been designated medium risk , which means authorities can impose stricter restrictions on the movement of people and cars and can carry out temperature checks .
Health authorities said sealed-off residences and people in quarantine would have food and medicine delivered to them .
* Coronavirus outbreak in Beijing rises to 106 cases over 5 days * Neighbourhood restrictions , checks ramped up ( Adds cuts @ @ @ @ @ @ @ restaurant workers in Beijing ) HERE WE GO AGAIN ?
BEIJING , June 16 ( Reuters ) – Beijing ’ s scramble to contain a coronavirus outbreak , just over a week after containment measures had been eased and life had returned to near-normal , is disrupting activity for many residents and fueling concerns of further tightening .
Many expressed faith in the city ’ s ability to control the latest outbreak , but others expressed renewed anxiety .
Measures have been strictest in the southwestern district of Fengtai , home to the @ @ @ @ @ @ @ be the origin of the latest outbreak that emerged late last week , which has infected 106 people .
VIRUS HOTSPOT : WEST VIRGINIA CHURCHES… Cases surging in Alabama , South Carolina and Oklahoma… Health workers feel toll… AMAZON deploys AI-based tech to maintain social distancing at warehouses… Casinos to say good-bye to cash ?
Rush to disinfect offices a chemical concern… Businesses ask patrons to waive right to sue if they get ill… Texas Gov .
Abbott scolds 20-somethings for not wearing masks…

A second more deadly strain of corona virus hits Beijing! China claims virus brought in from Europe!
NEW OUTBREAK AT CHINA MARKET
Authorities in Beijing have described the city’s coronavirus outbreak as “extremely severe” as dozens more cases emerged and travel from the city was curtailed.
Additional neighbourhoods were fenced off on Tuesday, with security checkpoints set up at residential compounds, and high-risk people – such as close contacts of people who test positive – prevented from leaving the city.
“The epidemic situation in the capital is extremely severe,” Beijing city spokesman Xu Hejian warned at a press conference. “Right now we have to take strict measures to stop the spread of Covid-19.”
More than 20 neighbourhoods in the Chinese capital have now been designated medium risk, which means authorities can impose stricter restrictions on the movement of people and cars and can carry out temperature checks. Health authorities said sealed-off residences and people in quarantine would have food and medicine delivered to them.
BEIJING EXPANDS LOCKDOWNS
RESIDENTS ROUNDED-UP
‘WARTIME’ MODE
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* Coronavirus outbreak in Beijing rises to 106 cases over 5 days
* Authorities impose curbs on travel from Chinese capital
* Neighbourhood restrictions, checks ramped up (Adds cuts in bus services, mass testing for restaurant workers in Beijing)
HERE WE GO AGAIN?
BEIJING, June 16 (Reuters) – Beijing’s scramble to contain a coronavirus outbreak, just over a week after containment measures had been eased and life had returned to near-normal, is disrupting activity for many residents and fueling concerns of further tightening.
Many expressed faith in the city’s ability to control the latest outbreak, but others expressed renewed anxiety.
Measures have been strictest in the southwestern district of Fengtai, home to the sprawling Xinfadi wholesale market, thought to be the origin of the latest outbreak that emerged late last week, which has infected 106 people.
VIRUS HOTSPOT: WEST VIRGINIA CHURCHES…
Cases surging in Alabama, South Carolina and Oklahoma…
Health workers feel toll…
AMAZON deploys AI-based tech to maintain social distancing at warehouses…
Casinos to say good-bye to cash?
Rush to disinfect offices a chemical concern…
Businesses ask patrons to waive right to sue if they get ill…
Texas Gov. Abbott scolds 20-somethings for not wearing masks…


investmentwatchblog--2020-06-16--AMERICA’S SADDEST REALITY SHOW CONTINUES:

Property owners in CHAZ are under constant siege .
An auto shop was broken into , items stolen and a fire started .
The suspect was caught and some items were retrieved I was streaming when the incident happened at CHAZ last night in Seattle .
An auto shop near the zone was broken into ( Car Tender ) , property stolen , and a fire started .
The owners called the police and fire dept but they were told they would not show up .
Full THREAD with clips ↓ pic.twitter.com/zmPS3EBmxm The State of CHAZ : Seattle ’ s @ @ @ @ @ @ @ in social justice as governance .
I told my older son when he was studying slavery and the Civil War last year that there are two things he must understand about the awful institution .
The first is that slavery is one of mankind ’ s great evils .
The second is just how depressingly common it is .
People will put “ lesser ” people into bondage pretty much any time they think they can get away with it .
BLM , antifa , whatever banner flown by the various riot groups @ @ @ @ @ @ @ and it is not merely the destruction or defacement of monuments .
Their goal is to tear down society and civil governance .
Look no further than the two most recent examples : CHAZ and # DefundThePolice .

Property owners in CHAZ are under constant siege. An auto shop was broken into, items stolen and a fire started. The suspect was caught and some items were retrieved
I was streaming when the incident happened at CHAZ last night in Seattle. An auto shop near the zone was broken into (Car Tender), property stolen, and a fire started. The owners called the police and fire dept but they were told they would not show up. Full THREAD with clips ↓ pic.twitter.com/zmPS3EBmxm
The State of CHAZ: Seattle’s autonomous zone has become a laboratory experiment in social justice as governance.
Deface, Defund, Destroy: The Left’s Nihilism on Full Display.
I told my older son when he was studying slavery and the Civil War last year that there are two things he must understand about the awful institution.
The first is that slavery is one of mankind’s great evils. The second is just how depressingly common it is. People will put “lesser” people into bondage pretty much any time they think they can get away with it.
BLM, antifa, whatever banner flown by the various riot groups, their motive remains the same — and it is not merely the destruction or defacement of monuments.
Their goal is to tear down society and civil governance.
Look no further than the two most recent examples: CHAZ and #DefundThePolice.


investmentwatchblog--2020-06-16--Farage to Breitbart: ‘I have never seen so many people scared to say what they think’

Brexit leader Nigel Farage has spoken to Breitbart about the “ Marxist , Anarchic ” threat to free speech and free thought in the United Kingdom , saying that fear is “ dominating absolutely everything ” .
Mr Farage made the remarks to Alex Marlow on the Breitbart News Daily Show on Sirius XM Patriot on Monday , when he was asked about his recent break with Global Radio ’ s LBC , where until last week he had a daily political talk show .
While Mr Farage declined to comment on the specifics of the change , a position @ @ @ @ @ @ @ surprise announcement on Thursday , he did offer his thoughts on the broader move to suppress freedom of thought and speech in the United Kingdom , implying those developments may have had something to do with his ouster .
Making clear present developments were historic in scale , the Brexit leader told Marlow and the Breitbart News Daily audience that : “ It seems that the real threat we face now is a genuine threat to free speech .
I have never known a time when , in the United Kingdom — which @ @ @ @ @ @ @ media commentary and views — I have never seen so many people so scared to write and say and speak and broadcast what they think .
It really is very disturbing .
”

via breitbart
Brexit leader Nigel Farage has spoken to Breitbart about the “Marxist, Anarchic” threat to free speech and free thought in the United Kingdom, saying that fear is “dominating absolutely everything”.
Mr Farage made the remarks to Alex Marlow on the Breitbart News Daily Show on Sirius XM Patriot on Monday, when he was asked about his recent break with Global Radio’s LBC, where until last week he had a daily political talk show.
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While Mr Farage declined to comment on the specifics of the change, a position of silence has has taken since the surprise announcement on Thursday, he did offer his thoughts on the broader move to suppress freedom of thought and speech in the United Kingdom, implying those developments may have had something to do with his ouster.
Making clear present developments were historic in scale, the Brexit leader told Marlow and the Breitbart News Daily audience that: “It seems that the real threat we face now is a genuine threat to free speech. I have never known a time when, in the United Kingdom — which is famed for its huge breadth of media commentary and views — I have never seen so many people so scared to write and say and speak and broadcast what they think. It really is very disturbing.”


investmentwatchblog--2020-06-16--Stacey Abrams Just Told the Biggest Lie about Trump Supporters

Chris Donaldson from Trending Politics reports , The poisonous state of race relations in America today is almost entirely attributable @ @ @ @ @ corrupt media as well as the brazen racism of the Democratic party .
One of @ @ @ @ @ is former Georgia state legislator Stacey Abrams who has become an outsized presence in American @ @ @ @ @ media ’ s choice for Joe Biden ’ s running mate and president in waiting @

Chris Donaldson from Trending Politics reports, The poisonous state of race relations in America today is almost entirely attributable to the lies of a corrupt media as well as the brazen racism of the Democratic party. One of the worst purveyors of hate is former Georgia state legislator Stacey Abrams who has become an outsized presence in American politics and has been the media’s choice for Joe Biden’s running mate and president in waiting.
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Read More/Source/Credit/FairUse:
trendingpolitics.com/stacey-a…


investmentwatchblog--2020-06-16--“Reversions Happen Fast” – Bulls & Bears Square-Off At This Line

Last week , we discussed investors throwing caution to the wind and the need to take on defensive positioning .
One week later , the bulls and bears are squaring off at the 200-dma line to see who will gain control .
Over the last several weeks , we have repeated one simple phrase : In last Tuesday ’ s “ Technical Update ” , we specifically noted the rather extreme overbought condition of the market .
To wit : Just like the last time , it didn ’ t take long for the “ correction ” to surface .
@ @ @ @ @ @ @ newsletter , the correction quickly reduced the previous negative risk-reward parameters .
When the market had reached its peak two weeks ago , we penned a 70 % probability that the market would correct the 200-dma .
Last Thursday , that level was achieved .
Currently , risk/reward parameters have improved somewhat due to the correction , but remain negative overall .
• -6.6 % to the 200-dma vs. +5 % to all-time highs .
Negative ( 70 % – Target achieved ) • -11.2 % to the 50-dma vs. +5 % to @ @ @ @ @ @ @ ) • -14.4 % to previous consolidation lows vs. +5 % to all-time highs .
Negative ( 5 % ) • -18.3 % to March bounce peak vs. +5 % to all-time highs .
Negative ( 5 % ) Importantly , the sell-off last Thursday was a good reminder of just how brutal markets can be when there is a complete lack of liquidity .
It was also a good reminder of why we hedge our portfolios against just such an event .
On Monday , the bulls and bears fought over the @ @ @ @ @ @ @ as if the bears were close to taking control of the market .
However , the tide quickly turned .
With markets plunging again at the open , and with Jerome Powell ’ s personal fortune on the line at Blackrock , the Fed took quick action : Here is the aptly timed press release putting causing bulls to “ rush back in : ” The Federal Reserve Board on Monday announced updates to the Secondary Market Corporate Credit Facility ( SMCCF ) , which will begin buying a broad and diversified portfolio @ @ @ @ @ @ @ and credit availability for large employers .
As detailed in a revised term sheet and updated FAQs , the SMCCF will purchase corporate bonds to create a corporate bond portfolio based on a broad , diversified market index of U.S. corporate bonds .
This index is made up of all the bonds in the secondary market that U.S. companies have issued to satisfy the facility ’ s minimum rating , maximum maturity , and other criteria .
This indexing approach will complement the facility ’ s current purchases of exchange-traded funds .
The @ @ @ @ @ @ @ Facilities were established with the Treasury Secretary ’ s approval and $ 75 billion in equity provided by the Treasury Department from the CARES Act.
” The Fed ’ s announcement was unnecessary as it only repeated the original mission of the SMCCF .
The made made no changes to the program , but with prices off steeply Monday morning , it seems as if the Fed needed a “ quick fix ” to prevent a larger downdraft .
The good news is the bulls were able to defend the 200-dma once again @ @ @ @ @ @ @ ’ t quite ready to give up just yet .
The bullish case for the market is pretty thin .
• Hopes are high for a full reopening of the economy • 2022 earnings will be sufficiently high enough to justify “ current ” prices .
( Let that sink in – that ’ s two years of ZERO price growth . )
In actuality , the first four points are rationalizations .
It is the Fed ’ s liquidity driving the market .
The bear ’ s built their case on more @ @ @ @ @ @ @ for a second wave of the virus • A second wave of the virus erodes consumer confidence slowing employment • Debt defaults and bankruptcies rise more sharply than expected .
• All of which translates into the sharply reduced earnings and corporate profitability .
Ultimately , corporate profits and earnings always matter , as discussed previously .
( Historically , earnings never catch up with price . )
As we noted then , while “ don ’ t fight the Fed ” seems to be a simple formula for the bullish case , @ @ @ @ @ @ @ “ fantasy ” will eventually matter .
What COVID-19 started , and has yet to complete , is the historical “ mean reversion ” process which has always followed bull markets .
Such should not be a surprise as asset prices eventually reflect the underlying reality of corporate profitability and earnings .
From a purely technical perspective , the bulls remain in control for now .
As shown below , the market was able to work off some of the short-term overbought condition without a confirmed break below the 200-dma .
Importantly , @ @ @ @ @ @ @ that has been running since the initial gap-up off the March 23rd low .
However , the lower MACD and Price Momentum Oscillator are on clear “ sell signals , ” which suggests risk to the bulls in the short-term .
With resistance at Thursday ’ s “ gap down ” open just slightly above Monday ’ s close , the risk/reward for markets very short-term is poor .
If the market breaks the uptrend line , the 50-dma and the May consolidation range lows will be the next lines in the sand @ @ @ @ @ @ @ of the primary “ sell signals ” remain intact on a WEEKLY basis .
Such suggests we may not be through the “ bear market ” phase just yet .
While such doesn ’ t necessarily mean the market will crash , historically returns have been lower with much higher volatility .
Fundamentally speaking , we remain “ bears.
” However , we also realize that with the Federal Reserve intravenously feeding liquidity into the markets , we need to participate .
As we stated last week : As noted , fundamentals will @ @ @ @ @ @ @ t know when that will ultimately be the case .
However , there are more than enough signs to know we are likely close to a peak : • Wall Street firms using 2-year forward “ operating ( or B.S . )
” earnings to justify valuations .
You get the idea .
What investor ’ s don ’ t realize is that they could be walking into a “ trap.
” As Carl Swenlin noted this past weekend : Whether or not you think such could be the case is irrelevant .
@ @ @ @ @ @ @ “ possibility ” into your process .
Here was Carl ’ s conclusion : Regardless of the Fed ’ s monetary policy , the markets will eventually have to deal with “ What Is.
” For investors , this leaves a very high potential for disappointment in the coming months as the realities of the worst recession in decades begins to unfold .
As noted last week , sometimes playing a bit of “ defense ” is the best “ offense .
”

Authored by Lance Roberts via RealInvestmentAdvice.com,
Last week, we discussed investors throwing caution to the wind and the need to take on defensive positioning. One week later, the bulls and bears are squaring off at the 200-dma line to see who will gain control.
Over the last several weeks, we have repeated one simple phrase:
“Reversions happen fast.”
In last Tuesday’s “Technical Update”, we specifically noted the rather extreme overbought condition of the market. To wit:
“The number of sectors and markets which are trading at extreme overbought levels confirms this extension. The chart below, available to our RIAPro.Net Subscribers (30-day Risk-Free Trial), shows a market rarity. Every sector and market, except for bonds, is extremely overbought.”
“The last time this happened was in the second week of April, which preceded a 4% correction, and then resolved itself in a month-long consolidation. The next good entry point came in mid-May. The price level was relatively unchanged, and the risk/reward for adding risk exposure was much improved.”
Risk vs. Reward
Just like the last time, it didn’t take long for the “correction” to surface. As noted in this weekend’s newsletter, the correction quickly reduced the previous negative risk-reward parameters.
“That correction came swiftly on Thursday. The surge in COVID-19 cases in the U.S. undermined the “V-Shaped” economic recovery meme. As we noted, the market had rallied into overhead resistance, and the correction found support at the 200-dma.”
When the market had reached its peak two weeks ago, we penned a 70% probability that the market would correct the 200-dma. Last Thursday, that level was achieved. Currently, risk/reward parameters have improved somewhat due to the correction, but remain negative overall.
-6.6% to the 200-dma vs. +5% to all-time highs. Negative (70% – Target achieved)
-11.2% to the 50-dma vs. +5% to all-time highs. Negative (20%)
-14.4% to previous consolidation lows vs. +5% to all-time highs. Negative (5%)
-18.3% to March bounce peak vs. +5% to all-time highs. Negative (5%)
Importantly, the sell-off last Thursday was a good reminder of just how brutal markets can be when there is a complete lack of liquidity. It was also a good reminder of why we hedge our portfolios against just such an event.
Bulls & Bears Clash At The Line
On Monday, the bulls and bears fought over the 200-dma. It seemed at the open as if the bears were close to taking control of the market. However, the tide quickly turned. With markets plunging again at the open, and with Jerome Powell’s personal fortune on the line at Blackrock, the Fed took quick action:
Here is the aptly timed press release putting causing bulls to “rush back in:”
The Federal Reserve Board on Monday announced updates to the Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and credit availability for large employers. As detailed in a revised term sheet and updated FAQs, the SMCCF will purchase corporate bonds to create a corporate bond portfolio based on a broad, diversified market index of U.S. corporate bonds. This index is made up of all the bonds in the secondary market that U.S. companies have issued to satisfy the facility’s minimum rating, maximum maturity, and other criteria. This indexing approach will complement the facility’s current purchases of exchange-traded funds. The Primary Market and Secondary Market Corporate Credit Facilities were established with the Treasury Secretary’s approval and $75 billion in equity provided by the Treasury Department from the CARES Act.”
The Fed’s announcement was unnecessary as it only repeated the original mission of the SMCCF. The made made no changes to the program, but with prices off steeply Monday morning, it seems as if the Fed needed a “quick fix” to prevent a larger downdraft.
The good news is the bulls were able to defend the 200-dma once again successfully. However, the bears aren’t quite ready to give up just yet.
The Bull’s Case
The bullish case for the market is pretty thin.
Hopes are high for a full reopening of the economy A vaccine A rapid return to economic normalcy. 2022 earnings will be sufficiently high enough to justify “current” prices. (Let that sink in – that’s two years of ZERO price growth.) The Fed.
In actuality, the first four points are rationalizations. It is the Fed’s liquidity driving the market.
The Bear’s Case
The bear’s built their case on more solid fundamental views.
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The potential for a second wave of the virus A slower than expected economic recovery A second wave of the virus erodes consumer confidence slowing employment High unemployment weighs on personal consumption Debt defaults and bankruptcies rise more sharply than expected. All of which translates into the sharply reduced earnings and corporate profitability.
Ultimately, corporate profits and earnings always matter, as discussed previously. (Historically, earnings never catch up with price.)
“Throughout history, earnings are very predictable. Using the analysis above, we can “guesstimate” the decline in earnings, and the potential decline in stock prices to align valuations. The chart below is the long-term log trend of earnings versus its exponential growth trend.”
As we noted then, while “don’t fight the Fed” seems to be a simple formula for the bullish case, the deviation between “fundamentals” and “fantasy” will eventually matter.
What COVID-19 started, and has yet to complete, is the historical “mean reversion” process which has always followed bull markets. Such should not be a surprise as asset prices eventually reflect the underlying reality of corporate profitability and earnings.
Short-Term Bulls, Longer-Term Bears
From a purely technical perspective, the bulls remain in control for now. As shown below, the market was able to work off some of the short-term overbought condition without a confirmed break below the 200-dma. Importantly, the correction also held the uptrend line that has been running since the initial gap-up off the March 23rd low.
However, the lower MACD and Price Momentum Oscillator are on clear “sell signals,” which suggests risk to the bulls in the short-term. With resistance at Thursday’s “gap down” open just slightly above Monday’s close, the risk/reward for markets very short-term is poor.
If the market breaks the uptrend line, the 50-dma and the May consolidation range lows will be the next lines in the sand.
It is worth noting that both of the primary “sell signals” remain intact on a WEEKLY basis. Such suggests we may not be through the “bear market” phase just yet. While such doesn’t necessarily mean the market will crash, historically returns have been lower with much higher volatility.
Cautiously Bullish
Fundamentally speaking, we remain “bears.” However, we also realize that with the Federal Reserve intravenously feeding liquidity into the markets, we need to participate. As we stated last week:
“As a portfolio manager, we buy ‘opportunity’ because we have to. If we don’t, we suffer career risk, plain and simple. However, you don’t have to. If you are indeed a long-term investor, you have to question the risk undertaken to achieve further returns in the market currently.”
As noted, fundamentals will eventually matter. We just don’t know when that will ultimately be the case. However, there are more than enough signs to know we are likely close to a peak:
Wall Street firms using 2-year forward “operating (or B.S.)” earnings to justify valuations. Investors are chasing bankrupt companies. Companies rampantly issuing debt to shore up liquidity A complete lack of market liquidity. Investor over-confidence Retail investor exuberance. Overly estimated future earnings growth.
You get the idea.
Playing Defense
What investor’s don’t realize is that they could be walking into a “trap.” As Carl Swenlin noted this past weekend:
On Wednesday, we pointed out the similarities between this year’s price action and the price action during the 1929 crash and the rally that followed. Whether or not we have just seen the top of the rally, I believe there will be a top soon and that it will look like this.”
Whether or not you think such could be the case is irrelevant. What is important is to factor the “possibility” into your process. Here was Carl’s conclusion:
“Investors are ‘looking across the valley’ to the good times that await us there. They seem to believe that we will just levitate across the valley. But we can’t levitate. We have to go down into the valley and confront the many difficulties that await us there. People haven’t begun to imagine the storm we are walking into.”
Regardless of the Fed’s monetary policy, the markets will eventually have to deal with “What Is.” For investors, this leaves a very high potential for disappointment in the coming months as the realities of the worst recession in decades begins to unfold.
As noted last week, sometimes playing a bit of “defense” is the best “offense.”


investmentwatchblog--2020-06-16--Ranked: Average Workers’ Compensation Costs for Each State

Workers ’ compensation is a basic part of social insurance .
If you get injured while on the job and can no longer work , you might qualify for a steady income stream thanks to workers ’ comp .
But since it isn ’ t a federal program , the costs for workers ’ compensation insurance depend on the state .
• Alaska is the most expensive state in the country for workers ’ compensation , costing companies as much as $ 2.27 per $ 100 of payroll .
• California is the third most expensive in the country at @ @ @ @ @ @ @ generous provisions around parental leave .
• Texas is the cheapest costs for workers ’ comp at only $ 0.54 , but that ’ s because companies aren ’ t required to participate in the program unless they want to .
• The average cost for workers ’ compensation programs across all 50 states and Washington , DC is $ 1.21 .
We got the data for our visual from the National Academy of Social Insurance ( NASI ) for 2017 , the latest year where complete figures were available .
Proper credit @ @ @ @ @ @ @ original article bringing it to our attention .
We broke the numbers down into a spiraling bar chart with a color-coded breakdown , highlighting each 50-cent increment of cost per $ 100 of payroll .
This lets you easily see which states carry the heaviest and lightest burdens in paying workers ’ compensation .
Read the full report from NASI for a detailed description of the research methodology , but there are a couple things to call out in our visual before diving into the details .
Workers ’ compensation is for people @ @ @ @ @ @ @ It ’ s an insurance program run by individual states covering specific types of workers .
The figures from NASI take into account only employers who are legally required to offer workers ’ compensation benefits .
Some companies may offer benefits even without a legal requirement , but a lot of workers don ’ t have coverage .
The researchers were also only focused on workers ’ compensation through official reporting channels , meaning they don ’ t take into account all the ways a company might support an injured employee .
And @ @ @ @ @ @ @ on a state-by-state basis .
There is no uniform federal requirement across the country .
Alaska clearly stands out head-and-shoulders above the rest of the states as the most expensive .
It costs companies a whopping $ 2.27 per $ 100 of payroll just to cover the premiums for insurance in case someone gets injured .
That ’ s likely thanks in large part to the predominance of heavy extraction industries in Alaska and how far away many people are from major hospitals .
The only other state to cost more than two @ @ @ @ @ @ @ employers $ 2.01 , likely for the same reasons as Alaska .
But why is California so expensive ?
Part of the reason has to do with California ’ s laws on short-term disability due to non-work related injuries as well as leaves due to pregnancy .
According to NASI , other states high in the rankings also have similar programs , including Hawaii , New York , New Jersey and Rhode Island .
At the other end of the spectrum , Texas is the second cheapest in the country at $ 0.54 @ @ @ @ @ @ @ .
That ’ s because companies aren ’ t required to offer it unless they want to , which means companies offer workers ’ comp as a fringe benefit especially when such insurance plans are cheap .
Wyoming likewise restricts workers ’ compensation only for employees who are in “ extra-hazardous ” occupations , likely driving up the cost of insurance and placing the state fifth on the list of most expensive at $ 1.70 .
Protecting your ability to earn an income is a key part of financial security .
Consider purchasing @ @ @ @ @ @ @ aren ’ t covered by workers ’ compensation .
Check out our disability insurance cost guide for more information , or if you ’ re an employer , see our workers ’ compensation cost guide .

by howmuch
Workers’ compensation is a basic part of social insurance. If you get injured while on the job and can no longer work, you might qualify for a steady income stream thanks to workers’ comp. But since it isn’t a federal program, the costs for workers’ compensation insurance depend on the state.
Buy this visualization
Alaska is the most expensive state in the country for workers’ compensation, costing companies as much as $2.27 per $100 of payroll.
California is the third most expensive in the country at $1.83 thanks in part to its generous provisions around parental leave.
Texas is the cheapest costs for workers’ comp at only $0.54, but that’s because companies aren’t required to participate in the program unless they want to.
The average cost for workers’ compensation programs across all 50 states and Washington, DC is $1.21.
We got the data for our visual from the National Academy of Social Insurance (NASI) for 2017, the latest year where complete figures were available. Proper credit to Fit Small Business for writing an original article bringing it to our attention. We broke the numbers down into a spiraling bar chart with a color-coded breakdown, highlighting each 50-cent increment of cost per $100 of payroll. This lets you easily see which states carry the heaviest and lightest burdens in paying workers’ compensation.
Top 5 Most Expensive States for Workers’ Compensation
1. Alaska: $2.27
2. Montana: $2.01
3. California: $1.83
4. South Carolina: $1.71
5. Wyoming: $1.70
Top 5 Least Expensive States for Workers’ Compensation
1. Washington, DC: $0.51
2. Texas: $0.54
3. Ohio: $0.67
4. Massachusetts: $0.73
5. Arkansas and Michigan: $0.74
We are primarily funded by readers. Please subscribe and donate to support us!
Read the full report from NASI for a detailed description of the research methodology, but there are a couple things to call out in our visual before diving into the details. Workers’ compensation is for people who are injured on the job. It’s an insurance program run by individual states covering specific types of workers. The figures from NASI take into account only employers who are legally required to offer workers’ compensation benefits. Some companies may offer benefits even without a legal requirement, but a lot of workers don’t have coverage. The researchers were also only focused on workers’ compensation through official reporting channels, meaning they don’t take into account all the ways a company might support an injured employee. And finally, workers’ compensation is organized on a state-by-state basis. There is no uniform federal requirement across the country.
Alaska clearly stands out head-and-shoulders above the rest of the states as the most expensive. It costs companies a whopping $2.27 per $100 of payroll just to cover the premiums for insurance in case someone gets injured. That’s likely thanks in large part to the predominance of heavy extraction industries in Alaska and how far away many people are from major hospitals. The only other state to cost more than two bucks is Montana, where it runs employers $2.01, likely for the same reasons as Alaska. But why is California so expensive? Part of the reason has to do with California’s laws on short-term disability due to non-work related injuries as well as leaves due to pregnancy. According to NASI, other states high in the rankings also have similar programs, including Hawaii, New York, New Jersey and Rhode Island.
At the other end of the spectrum, Texas is the second cheapest in the country at $0.54 after Washington, DC at $0.51. That’s because companies aren’t required to offer it unless they want to, which means companies offer workers’ comp as a fringe benefit especially when such insurance plans are cheap. Wyoming likewise restricts workers’ compensation only for employees who are in “extra-hazardous” occupations, likely driving up the cost of insurance and placing the state fifth on the list of most expensive at $1.70.
Protecting your ability to earn an income is a key part of financial security. Consider purchasing a disability income insurance policy if you aren’t covered by workers’ compensation. Check out our disability insurance cost guide for more information, or if you’re an employer, see our workers’ compensation cost guide.


investmentwatchblog--2020-06-16--Why Economic Collapse Always Lead To War

History has taught us that economic collapse always results to a societal collapse as people become desperate .
As people lose their incomes and livelihood , they become desperate and this is what creates mayhem in the society .
In recent months , the global economy has been collapsing as a result of the outbreak and in the process ; millions of people have lost their jobs .
At the moment we have unemployment rates that are similar to what we had during the great depression in the 1930s .
The current real unemployment rate in the United States is @ @ @ @ @ @ @ economists are estimating that the Gross Domestic Product ( GDP ) will shrink by more than 38 percent in the second quarter of the year .
These numbers signify that the current economic condition is worse than the great depression where the GDP numbers had shrunk by 30 percent and the unemployment rate had hit 20 percent .
This is an indicator showing how bad the economic situation is in the United States .
Even if the stock market is rallying , this is not an indicator of the real economic situation in @ @ @ @ @ @ @ and the wild swing being experienced in the Dow indicates how unstable the economic numbers are at the moment .
The stock market is inflated and still very far from the previous highs we had at the beginning of the year .
We have a very confusing situation because the market is rising while the real economy is shrinking but ultimately time will tell whether this stock market rally is real or fake .
But we have high chances that this is an inflated market rally because the economic numbers being released are @ @ @ @ @ @ @ a surprise if we see the stock market crash again in the coming weeks .
In the US , the economy is shrinking and a failing economy means that there are very desperate times ahead and probably this economic collapse will result to a war just like it has happened in the past where tough economic situations preceded a war .
The current outbreak is accelerating everything not only in the US but all over the world .
The stock market is trying to rebound and this is raising hopes that we might @ @ @ @ @ @ @ that the collapsing economy will recover very fast and economic indicators will rise back to normal in a quick pace just like they have plummeted quickly in the past few months .
In reality , these are just projections by the so called experts and they do not take into consideration the real situation on the ground .
We have very many unknown facts about this outbreak ; we might have the second , third or even fourth waves of this outbreak and maybe these subsequent waves will have a bigger impact than @ @ @ @ @ @ @ we have very low chances that the economy will recover very fast and instead of having a V-shaped recovery , we might see a L-like economic progression in the near future maybe until there is a proven medicine .
At the moment , there are many predictions that look pessimistic but they are more realistic when it comes to predicting what will happen with the economy in the coming months .
Most experts are predicting that we will end up having a slow , U-shaped recovery and in this case we will have @ @ @ @ @ @ @ ; this will end up being a long economic downturn that will take a lot of time to recover .
For instance , when we look back at historical data , after the 1929 stock market collapse , it took many years for everything to recover and the market was able to go past the 1929 peak many years later in 1954 .
It took many years for the economy to recover after the great depression and this time , we have high chances that this slow recovery trend will repeat itself .
@ @ @ @ @ @ @ most wars , it is very clear that economic factors were the primary causes of those conflicts .
Many revolutions have always been as a result of people being motivated by suffering , poverty an even starvation in some cases .
The United States also has many enemies like North Korea , Iran , Russia and even China .
As the world teeters between a depression and a total economic collapse , some desperate regimes may end up resorting to desperate measures like war .
On top of the pandemic , this is @ @ @ @ @ @ @ global economic fallout and trade wars are just accelerating the pace at which everything else is happening .
The world is in a very tricky place and the economic situation may not get back to normal any time soon and even if economies were to recover , trade wars will continue haunting the global system and maybe this will lead the world to a war .

History has taught us that economic collapse always results to a societal collapse as people become desperate. As people lose their incomes and livelihood, they become desperate and this is what creates mayhem in the society. In recent months, the global economy has been collapsing as a result of the outbreak and in the process; millions of people have lost their jobs. At the moment we have unemployment rates that are similar to what we had during the great depression in the 1930s.
The current real unemployment rate in the United States is already past the 20 percent level and economists are estimating that the Gross Domestic Product (GDP) will shrink by more than 38 percent in the second quarter of the year. These numbers signify that the current economic condition is worse than the great depression where the GDP numbers had shrunk by 30 percent and the unemployment rate had hit 20 percent. This is an indicator showing how bad the economic situation is in the United States. Even if the stock market is rallying, this is not an indicator of the real economic situation in the US. The economy looks bad and the wild swing being experienced in the Dow indicates how unstable the economic numbers are at the moment. The stock market is inflated and still very far from the previous highs we had at the beginning of the year. We have a very confusing situation because the market is rising while the real economy is shrinking but ultimately time will tell whether this stock market rally is real or fake. But we have high chances that this is an inflated market rally because the economic numbers being released are still ugly. It will not be a surprise if we see the stock market crash again in the coming weeks.
In the US, the economy is shrinking and a failing economy means that there are very desperate times ahead and probably this economic collapse will result to a war just like it has happened in the past where tough economic situations preceded a war. The current outbreak is accelerating everything not only in the US but all over the world.
We are primarily funded by readers. Please subscribe and donate to support us!
The stock market is trying to rebound and this is raising hopes that we might see a V-shaped recovery. This means that the collapsing economy will recover very fast and economic indicators will rise back to normal in a quick pace just like they have plummeted quickly in the past few months. In reality, these are just projections by the so called experts and they do not take into consideration the real situation on the ground. We have very many unknown facts about this outbreak; we might have the second, third or even fourth waves of this outbreak and maybe these subsequent waves will have a bigger impact than the first wave. This means that we have very low chances that the economy will recover very fast and instead of having a V-shaped recovery, we might see a L-like economic progression in the near future maybe until there is a proven medicine.
At the moment, there are many predictions that look pessimistic but they are more realistic when it comes to predicting what will happen with the economy in the coming months. Most experts are predicting that we will end up having a slow, U-shaped recovery and in this case we will have no real economic pick any time soon; this will end up being a long economic downturn that will take a lot of time to recover. For instance, when we look back at historical data, after the 1929 stock market collapse, it took many years for everything to recover and the market was able to go past the 1929 peak many years later in 1954. It took many years for the economy to recover after the great depression and this time, we have high chances that this slow recovery trend will repeat itself.
When we look at the history of most wars, it is very clear that economic factors were the primary causes of those conflicts. Many revolutions have always been as a result of people being motivated by suffering, poverty an even starvation in some cases.
The United States also has many enemies like North Korea, Iran, Russia and even China. As the world teeters between a depression and a total economic collapse, some desperate regimes may end up resorting to desperate measures like war. On top of the pandemic, this is the biggest threat we have and this global economic fallout and trade wars are just accelerating the pace at which everything else is happening. The world is in a very tricky place and the economic situation may not get back to normal any time soon and even if economies were to recover, trade wars will continue haunting the global system and maybe this will lead the world to a war.


investmentwatchblog--2020-06-16--Federal Reserve Powell to testify to congress today starting 10am. And why today is so important

Intro to why today is important : -During times of crisis and specifically high unemployment , congress tends to make the biggest changes to the federal reserve ’ s power .
-Congress will either clip the wings of the fed or empower the fed .
But it appears in a typical cycle they clip the wings of the fed first – Fed ’ s job is to take the blame livestream link starts at 10am the link .
note that this is a 2-day event it runs tomorrow too .
He ’ s going to say the following : • @ @ @ @ @ @ @ they are prepared to print money forever to make more jobs • he will dodge any questions relating how exactly money was spent in their SPVs , and which companies got loans ( he ’ ll say he doesn ’ t know , or some BS about privacy or being unable to disclose for some reason ) • he will say that he does not expect to use negative interest rates , because he ’ s not convinced they even work • he will say there ’ s no “ moral hazard ” @ @ @ @ @ @ @ swan ” event , so it ’ s okay to print money and give free money to bond holders and big companies • he will be grilled on why main street is not getting any help from the Fed , and he ’ ll provide a bunch of nothing burgers that essentially amount to saying “ idk , don ’ t care tbh ” You heard it here first .

by dancingbearstonks
Intro to why today is important:
-During times of crisis and specifically high unemployment, congress tends to make the biggest changes to the federal reserve’s power.
-Congress will either clip the wings of the fed or empower the fed. But it appears in a typical cycle they clip the wings of the fed first
– Fed’s job is to take the blame
We are primarily funded by readers. Please subscribe and donate to support us!

livestream link starts at 10am the link. note that this is a 2-day event it runs tomorrow too.
He’s going to say the following:
the Fed has lots of ammunition
they are prepared to print money forever to make more jobs
he will dodge any questions relating how exactly money was spent in their SPVs, and which companies got loans (he’ll say he doesn’t know, or some BS about privacy or being unable to disclose for some reason)
he will say that he does not expect to use negative interest rates, because he’s not convinced they even work
he will say there’s no “moral hazard” because the virus was a “black swan” event, so it’s okay to print money and give free money to bond holders and big companies
he will be grilled on why main street is not getting any help from the Fed, and he’ll provide a bunch of nothing burgers that essentially amount to saying “idk, don’t care tbh”
You heard it here first.


investmentwatchblog--2020-06-16--V-shaped recovery? TOST restaurant data collapsed… Delinquencies & retail sales…. everything is boom

V-shaped recovery? TOST restaurant data collapsed… Delinquencies & retail sales…. everything is booming

TOST restaurant data collapsed on Sunday , but you cant get the data today.. pic.twitter.com/LWv4sctcxS Cass Freight Index Has Little @ @ @ @ @ do not believe we will reach 2019 freight activity levels until 2021 ( at the @ @ @ @ @ David Ross , author of the report.t.co/njOUrbbo8K

TOST restaurant data collapsed on Sunday, but you cant get the data today.. pic.twitter.com/LWv4sctcxS
Cass Freight Index Has Little Improvement in May
"We do not believe we will reach 2019 freight activity levels until 2021 (at the earliest)," says David Ross, author of the report.t.co/njOUrbbo8K
— Mike "Mish" Shedlock (@MishGEA) June 16, 2020