investmentwatchblog--2020-04-23--Worst Decline in Industrial Production Ever?

The map below shows jobless claims as a percentage of the workforce .
You can use this if a stock you ’ re investing in has a big presence in a specific region .
For example , you ’ d rather have a presence in the Southwest ; states like Texas and Arizona only have 6.4 % and 5.9 % of the labor force on unemployment insurance .
The Northeast and Midwest are in worse shape as New York and Michigan have 15.9 % and 19.5 % of the labor market filing for claims .
Michigan is being hurt by @ @ @ @ @ @ @ Nevada is being severely impacted by the decline in travel ( worst Southwest state by far ) .
Texas and North Dakota aren ’ t being impacted much by the decline in the energy industry probably because it doesn ’ t employ that many people .
Georgia has the 2nd worst labor market .
That might be motivating the governor to reopen the state later this month .
Gyms , salons , and bowling alleys are set to open on Friday and movie theaters and restaurants will be allowed to open on Monday @ @ @ @ @ @ @ are AMC and Cinemark , don ’ t plan to open until June and July which makes one wonder which theaters will actually be open .
Of even more importance is who will actually be going out .
We think demand will be weak in this uncertain environment .
However , just because Georgia ’ s early open might be a flop doesn ’ t mean when other states open in mid-May or later , there will also be a lack of demand .
When states show people the situation is under control @ @ @ @ @ @ @ new normal .
As of Tuesday , Georgia had 20,166 cases which put it in 12th place in America .
The data in Georgia in the next few weeks could impact stocks as we await to see if there is a spike in new cases .
According to the healthdata.org model , the peak in hospital resources was on April 21st .
It seems like Georgia is reopening a couple weeks too early .
New York will be closed until at least May 15th even though the hospital use peak was April 9th @ @ @ @ @ @ @ t the same as New York is very densely packed and had its hospitals overrun with people .
Thankfully , the situation is improving in New York as the number of new COVID-19 hospitalizations has fallen for 4 straight days .
As the COVID-19 situation improves enough to partially reopen the economy with social distancing in May and June , the focus will shift to the impact on the economy .
It ’ s like assessing the damage after a natural disaster .
The damage is wide and deep .
We will see @ @ @ @ @ @ @ .
So far , we only have the March labor report which was terrible .
As you can see from the chart below , of the decline in employed people at work , about 1/3rd are employed but not at work , 1/3rd are not in the labor force anymore , and 1/3rd are unemployed .
The longer the shutdown goes , the harder it will be for the economy to recover because ties between workers and employers will be severed and many businesses will be gone .
The 3 charts below show @ @ @ @ @ @ @ index and the projections it implies .
Yearly growth in the index is below -10 % which is more than 2 times worse than the bottom of the last recession .
It is increasingly likely than this recession will be deeper than the financial crisis .
The unemployment rate is already near 16 % if you use jobless claims to model the rate .
It might top out near 20 % .
It only peaked at 10 % in 2009 .
The macroeconomic equivalents are very intriguing .
They give us an educated @ @ @ @ @ @ @ .
As you can see from the middle chart above , yearly growth in industrial production is expected to plummet from -5.49 % to -36.95 % .
This growth rate bottomed at -15.3 % in the last recession .
That means this recession will be at least twice as bad .
The worst growth rate ever was in February 1946 which had a decline of 33.6 % .
Just by this implied metric , this recession is worse than the Great Depression ( for the manufacturing sector ) .
The good news is @ @ @ @ @ @ @ because of the fiscal and monetary policy stimulus coupled with the fact that the cause of the decline was an exogenous shock not an imbalance in the economy .
The third chart above shows there will be 1.49 million jobs lost in April .
The trough in March 2009 was -800,000 .
This will almost be twice as bad as the trough of the last recession .
The previous worst decline ever was in September 1945 when the economy lost 1.959 million jobs .
It ’ s entirely possible next Friday ’ s @ @ @ @ @ @ @ Fed ’ s implied guess .
The Philly Fed non-manufacturing index has only been around since 2011 , but if it was around for over 100 years , it wouldn ’ t have a worse reading than the one in April .
Only 1.8 % of firms saw an increase in business activity in the Philly area and 98.2 % saw a decrease .
The new orders index fell from 16.4 to -67.2 .
Only 0.3 % of firms saw an increase in new orders .
You can ’ t have an increase @ @ @ @ @ @ @ is shut down .
The sales index fell from -4.9 to -87.9 .
Literally , zero firms had an increase in sales .
Similarly , there were zero firms that increased the number of part time , temporary , and contract employees .
Georgia was one of the worst hit states economically by the shutdown .
Let ’ s see how its economy rebounds in May .
It seems likely to be a slow grind higher because the COVID-19 situation isn ’ t fully under control .
At least New York hospitals are @ @ @ @ @ @ @ days ago .
The earlier the economy reopens , the quicker the labor market will recover .
The NY Fed index projects the biggest decline in industrial production ever .
The Philly Fed index showed almost no firms saw an increase in new orders and none hired more part time workers .

by UPFINA
The map below shows jobless claims as a percentage of the workforce. You can use this if a stock you’re investing in has a big presence in a specific region. For example, you’d rather have a presence in the Southwest; states like Texas and Arizona only have 6.4% and 5.9% of the labor force on unemployment insurance. The Northeast and Midwest are in worse shape as New York and Michigan have 15.9% and 19.5% of the labor market filing for claims.
More than 15% of the civilian labor force in 7 states has applied for or is receiving unemployment benefits: Michigan (19.5%)
Georgia (17.6%)
Rhode Island (17.0%)
New York (15.9%)
Nevada (15.7%)
Oregon (15.3%)
Washington (15.1%) See more: t.co/mVo3DfxGMV pic.twitter.com/4gYLbGSmt5 — Tax Foundation (@TaxFoundation) April 21, 2020
Michigan is being hurt by the decline in the auto industry. Nevada is being severely impacted by the decline in travel (worst Southwest state by far). Texas and North Dakota aren’t being impacted much by the decline in the energy industry probably because it doesn’t employ that many people.
Georgia has the 2nd worst labor market. That might be motivating the governor to reopen the state later this month. Gyms, salons, and bowling alleys are set to open on Friday and movie theaters and restaurants will be allowed to open on Monday. The major movie chains, which are AMC and Cinemark, don’t plan to open until June and July which makes one wonder which theaters will actually be open. Of even more importance is who will actually be going out. We think demand will be weak in this uncertain environment. However, just because Georgia’s early open might be a flop doesn’t mean when other states open in mid-May or later, there will also be a lack of demand. When states show people the situation is under control, they will start returning to a new normal. As of Tuesday, Georgia had 20,166 cases which put it in 12th place in America. The data in Georgia in the next few weeks could impact stocks as we await to see if there is a spike in new cases.
According to the healthdata.org model, the peak in hospital resources was on April 21st. It seems like Georgia is reopening a couple weeks too early. New York will be closed until at least May 15th even though the hospital use peak was April 9th. Obviously, the situation isn’t the same as New York is very densely packed and had its hospitals overrun with people. Thankfully, the situation is improving in New York as the number of new COVID-19 hospitalizations has fallen for 4 straight days.
Labor Market In Deep Trouble
As the COVID-19 situation improves enough to partially reopen the economy with social distancing in May and June, the focus will shift to the impact on the economy. It’s like assessing the damage after a natural disaster. The damage is wide and deep. We will see it in the April hard data reports. So far, we only have the March labor report which was terrible. As you can see from the chart below, of the decline in employed people at work, about 1/3rd are employed but not at work, 1/3rd are not in the labor force anymore, and 1/3rd are unemployed. The longer the shutdown goes, the harder it will be for the economy to recover because ties between workers and employers will be severed and many businesses will be gone.
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Looks to be fairly even slices between those who are “unemployed,” “not in the labor force” & “employed but not at work” as per @jpmorgan’s analysis of March household survey @SoberLook @BLS_gov pic.twitter.com/kwBCawsTaZ — Liz Ann Sonders (@LizAnnSonders) April 21, 2020
Record Low Decline In Industrial Production Coming
The 3 charts below show the NY Fed’s weekly economic index and the projections it implies. Yearly growth in the index is below -10% which is more than 2 times worse than the bottom of the last recession. It is increasingly likely than this recession will be deeper than the financial crisis. The unemployment rate is already near 16% if you use jobless claims to model the rate. It might top out near 20%. It only peaked at 10% in 2009.
The macroeconomic equivalents are very intriguing. They give us an educated guess at what the data will show. As you can see from the middle chart above, yearly growth in industrial production is expected to plummet from -5.49% to -36.95%. This growth rate bottomed at -15.3% in the last recession. That means this recession will be at least twice as bad. The worst growth rate ever was in February 1946 which had a decline of 33.6%. Just by this implied metric, this recession is worse than the Great Depression (for the manufacturing sector). The good news is this might not even be a depression because of the fiscal and monetary policy stimulus coupled with the fact that the cause of the decline was an exogenous shock not an imbalance in the economy.
The third chart above shows there will be 1.49 million jobs lost in April. The trough in March 2009 was -800,000. This will almost be twice as bad as the trough of the last recession. The previous worst decline ever was in September 1945 when the economy lost 1.959 million jobs. It’s entirely possible next Friday’s BLS report is worse than the NY Fed’s implied guess.
Philly Fed Non-Manufacturing Index
The Philly Fed non-manufacturing index has only been around since 2011, but if it was around for over 100 years, it wouldn’t have a worse reading than the one in April. Only 1.8% of firms saw an increase in business activity in the Philly area and 98.2% saw a decrease. The new orders index fell from 16.4 to -67.2. Only 0.3% of firms saw an increase in new orders. You can’t have an increase in new orders if the entire economy is shut down. The sales index fell from -4.9 to -87.9. Literally, zero firms had an increase in sales. Similarly, there were zero firms that increased the number of part time, temporary, and contract employees.
While it hasn't been around long, the Philly Fed Non Manufacturing Index hit a record low this month. t.co/8YLCD27d4H pic.twitter.com/ke0KDxc6tt — Bespoke (@bespokeinvest) April 21, 2020
Conclusion
Georgia was one of the worst hit states economically by the shutdown. Let’s see how its economy rebounds in May. It seems likely to be a slow grind higher because the COVID-19 situation isn’t fully under control. At least New York hospitals are in better shape than they were 10 days ago. The earlier the economy reopens, the quicker the labor market will recover. The NY Fed index projects the biggest decline in industrial production ever. The Philly Fed index showed almost no firms saw an increase in new orders and none hired more part time workers.


investmentwatchblog--2020-04-23--Rising risks to the stock market’s rally

The # of media articles mentioning `` FOMO '' is rising sharply , particularly when it comes to tech darlings @ @ @ @ @ rage these days .
Prior instances led to sharp pullbacks/corrections pic.twitter.com/vfdRYmuVSS

Rising risks to the stock market's rally: The # of media articles mentioning "FOMO" is rising sharply, particularly when it comes to tech darlings. Growth is all the rage these days. Prior instances led to sharp pullbacks/corrections pic.twitter.com/vfdRYmuVSS — Troy Bombardia (@bullmarketsco) April 23, 2020
When $8 trillion dollars in fiscal stimulus isn't enough, you gotta ask yourself: 1. Is the amount too small?
2. Is the amount too big but execution flawed?
3. Do we just need to wait a bit longer?t.co/vhjIK8PQuM pic.twitter.com/7bvfwsL05S — David Ingles (@DavidInglesTV) April 23, 2020
April loan defaults will likely top the 2009 record, with14 defaults already registered this month & Neiman Marcus and Akorn expected to default imminently: Fitcht.co/AhiHVjlbBI — Lisa Abramowicz (@lisaabramowicz1) April 23, 2020
buy stocks buy bonds. fed got us. t.co/o22XNK5jHh — hks55 (@hks55) April 23, 2020
all about banks here. $jpm will decide the markets fate. breakout reversal does not look good though. pic.twitter.com/hoJueZuFlx — hks55 (@hks55) April 23, 2020


investmentwatchblog--2020-04-23--YouTube Removes Older Documentaries Showing Corruption at WHO

The censorship bein imposed by Vimeo , Youtube , Facebook , and others trying to crush any resistance to being locked-down .
This documentary has been out for years .
They are now reviewing anything that exposures the truth of the World Health Organization and the corruption that is systemic .
We need to write to everyone in Congress and demand an investigation into WHO .
If we do not do this , we have lost all our freedoms .
Taking this documentary down which has been out for years is a major warning of how we are entering an @ @ @ @ @ @ @ and Pravda – the Truth .
Nobody removes conspiracy theories about aliens or alien abductions .
So why remove anything that calls into question vaccines and the World Health Organization .
I bet is anyone came out with a youtube post calling into question Bill Gates and his wife and what they are making from vaccines it would be removed .
The ONLY reason to remove anything that calls into question the WHO or vaccines and the truth of the coronavirus scam is that it is hitting too close to the real truth @ @ @ @ @ @ @ obedient to authority and willing to surrender all human rights because the mob acts like a herd of sheep waiting to be told what to do next .
I would love to see a REAL poll taken about who believes this virus on a week by week basis .

by Martin Armstrong
The censorship bein imposed by Vimeo, Youtube, Facebook, and others trying to crush any resistance to being locked-down. This documentary has been out for years. They are now reviewing anything that exposures the truth of the World Health Organization and the corruption that is systemic. We need to write to everyone in Congress and demand an investigation into WHO. If we do not do this, we have lost all our freedoms.
Taking this documentary down which has been out for years is a major warning of how we are entering an era indistinguishable from the old Soviet Union and Pravda – the Truth. Nobody removes conspiracy theories about aliens or alien abductions. So why remove anything that calls into question vaccines and the World Health Organization. I bet is anyone came out with a youtube post calling into question Bill Gates and his wife and what they are making from vaccines it would be removed.
We are primarily funded by readers. Please subscribe and donate to support us!
The ONLY reason to remove anything that calls into question the WHO or vaccines and the truth of the coronavirus scam is that it is hitting too close to the real truth. They are counting on people being obedient to authority and willing to surrender all human rights because the mob acts like a herd of sheep waiting to be told what to do next.
I would love to see a REAL poll taken about who believes this virus on a week by week basis.


investmentwatchblog--2020-04-23--In Bull markets, Stocks Don’t Sell Off on Bad News

There ’ s a saying that “ in bull markets , stocks don ’ t sell off on bad news.
” I mention this because the latest jobs data is out and it ’ s horrific .
Another 4.4. million Americans have filed for unemployment bringing the total the number of unemployed to 26 million .
These are DE-pression type numbers .
And yet stocks are holding up despite these numbers .
The S & P 500 last peaked on April 17th 2020 .
Despite a rash of horrific economic data , the index has barely fallen 6 % .
@ @ @ @ @ @ @ the markets as they are… not as we wish they were .
And the market is holding up shockingly well given what ’ s happening in the world .
What ’ s even more shocking is the fact that ENERGY stocks are UP more than the broader market this month .
That ’ s not a typo , the Energy ETF ( XLE ) is up 16 % while the S & P 500 is up 8 % in April .
And this is happening at a time when Oil prices dropped to @ @ @ @ @ @ @ we are entering a bull market .
In bull markets , stocks don ’ t sell off on bad news .
The news lately is horrific , and stocks aren ’ t selling off .

There’s a saying that “in bull markets, stocks don’t sell off on bad news.”
I mention this because the latest jobs data is out and it’s horrific.
Another 4.4. million Americans have filed for unemployment bringing the total the number of unemployed to 26 million.
These are DE-pression type numbers. And yet stocks are holding up despite these numbers.
The S&P 500 last peaked on April 17th 2020. Despite a rash of horrific economic data, the index has barely fallen 6%.
As investors, we have to trade the markets as they are… not as we wish they were. And the market is holding up shockingly well given what’s happening in the world.
Remember, “in bull markets, stocks don’t sell off on bad news.”
We are primarily funded by readers. Please subscribe and donate to support us!
What’s even more shocking is the fact that ENERGY stocks are UP more than the broader market this month.
That’s not a typo, the Energy ETF (XLE) is up 16% while the S&P 500 is up 8% in April. And this is happening at a time when Oil prices dropped to NEGATIVE $40!
This again suggests we are entering a bull market. In bull markets, stocks don’t sell off on bad news. The news lately is horrific, and stocks aren’t selling off.
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-04-23--How COVID-19 Consumer Spending is Impacting Industries

Consumer spending is one of the most important driving forces for global economic growth .
Beyond impacting some of the factors that determine consumer spend—such as consumer confidence , unemployment levels , or the cost of living—the COVID-19 pandemic has also drastically altered how and where consumers choose to spend their hard-earned cash .
Today ’ s graphic pulls data from a global survey by McKinsey & Company that analyzes how consumers are reining in their spending , causing upheaval across every industry imaginable .
While some industries are in a better position to weather the impact of this storm @ @ @ @ @ @ @ The Link Between Sentiment and Intent to Spend As consumers grapple with uncertainty , their buying behavior becomes more erratic .
What is clear however , is that they have reduced spending on all non-essential products and services .
But as each country moves along the COVID-19 curve , we can see a glimmer of increasing optimism levels , which in turn is linked to higher spending .
India ’ s consumers , for example , are displaying higher levels of optimism , with more households planning to increase spend—a trend that is @ @ @ @ @ @ @ and Nigeria .
Meanwhile , American consumers are still more optimistic about the future than Europeans .
37 % of Americans believe the country will recover in 2 or 3 months—albeit with optimism levels at the highest for people who earn over $ 100K .
Globally , consumers continue to spend—and in some cases , spend more compared to pre-pandemic levels—on some necessities such as groceries and household supplies .
Due to changes in media consumption habits , consumers in almost all countries surveyed say they will increase their spend on at-home entertainment @ @ @ @ @ @ @ , a country that already boasts a massive gaming culture .
As restrictions in China lift , many categories such as gasoline , wellness , and pet-care services appear to be bouncing back , which could be a positive sign for other countries following a similar trajectory .
But while consumers amp up their spending on the things they need , they also anticipate spending less in other categories .
The Industries in the Red However , there are two particularly hard-hit industries worth noting that are showing declines across every category and @ @ @ @ @ @ @ travel and transportation industry is a reflection of mass social isolation levels and tightening travel restrictions .
In fact , the U.S. travel industry can expect to see an average decline in revenue of 81 % for April and May .
Throughout 2020 , losses will equate to roughly $ 519 billion—translating to a broader $ 1.2 trillion contraction in total economic impact .
According to the World Travel and Tourism Council , a staggering 50 million jobs are at risk in the industry , with 30 million of those jobs belonging to @ @ @ @ @ @ @ and tourism industry accounts for 10.4 % of global GDP , a slow recovery could have serious ramifications .
Apparel is experiencing a similarly worrying slowdown , with consumption 40-50 % lower in China compared to pre-pandemic levels .
Both online and offline sales for businesses the world over are also taking a major hit .
As consumers hold back on their spending , clothing brands of all shapes and sizes are forced to scale back production , and reimagine how they position themselves .
Clearly the force majeure that is COVID-19 has @ @ @ @ @ @ @ some , rebuilding their customer experience by appealing to changing values could result in a profitable , and perhaps much-needed revival .
For other companies , there is no other choice but to play the waiting game .
Regardless , every industry faces one universal truth : life after the pandemic will look significantly different .

by visualcapitalist
Consumer spending is one of the most important driving forces for global economic growth.
Beyond impacting some of the factors that determine consumer spend—such as consumer confidence, unemployment levels, or the cost of living—the COVID-19 pandemic has also drastically altered how and where consumers choose to spend their hard-earned cash.
Today’s graphic pulls data from a global survey by McKinsey & Company that analyzes how consumers are reining in their spending, causing upheaval across every industry imaginable.
While some industries are in a better position to weather the impact of this storm, others could struggle to survive.
The Link Between Sentiment and Intent to Spend
As consumers grapple with uncertainty, their buying behavior becomes more erratic. What is clear however, is that they have reduced spending on all non-essential products and services.
But as each country moves along the COVID-19 curve, we can see a glimmer of increasing optimism levels, which in turn is linked to higher spending.
India’s consumers, for example, are displaying higher levels of optimism, with more households planning to increase spend—a trend that is also evident in China, Indonesia, and Nigeria.
Meanwhile, American consumers are still more optimistic about the future than Europeans. 37% of Americans believe the country will recover in 2 or 3 months—albeit with optimism levels at the highest for people who earn over $100K.
Strategic Consumer Spending
Globally, consumers continue to spend—and in some cases, spend more compared to pre-pandemic levels—on some necessities such as groceries and household supplies.
Due to changes in media consumption habits, consumers in almost all countries surveyed say they will increase their spend on at-home entertainment. This is especially true for Korea, a country that already boasts a massive gaming culture.
As restrictions in China lift, many categories such as gasoline, wellness, and pet-care services appear to be bouncing back, which could be a positive sign for other countries following a similar trajectory. But while consumers amp up their spending on the things they need, they also anticipate spending less in other categories.
We are primarily funded by readers. Please subscribe and donate to support us!
The Industries in the Red
Categories showing an alarming decline include restaurants and out-of-home entertainment.
However, there are two particularly hard-hit industries worth noting that are showing declines across every category and country:
Travel and Transport
The inevitable decline in the travel and transportation industry is a reflection of mass social isolation levels and tightening travel restrictions.
In fact, the U.S. travel industry can expect to see an average decline in revenue of 81% for April and May. Throughout 2020, losses will equate to roughly $519 billion—translating to a broader $1.2 trillion contraction in total economic impact.
According to the World Travel and Tourism Council, a staggering 50 million jobs are at risk in the industry, with 30 million of those jobs belonging to employees in Asia.
Considering the travel and tourism industry accounts for 10.4% of global GDP, a slow recovery could have serious ramifications.
Apparel
Apparel is experiencing a similarly worrying slowdown, with consumption 40-50% lower in China compared to pre-pandemic levels. Both online and offline sales for businesses the world over are also taking a major hit.
As consumers hold back on their spending, clothing brands of all shapes and sizes are forced to scale back production, and reimagine how they position themselves.
“It’s an unprecedented interruption of an industry that has relied on speeding from one season’s sales to the next. And it is bringing with it a new sense of connectedness, responsibility and empathy.”
—Tamsin Blanchard, The Guardian
Towards an Uncertain Future
Clearly the force majeure that is COVID-19 has not impacted every industry equally.
For some, rebuilding their customer experience by appealing to changing values could result in a profitable, and perhaps much-needed revival. For other companies, there is no other choice but to play the waiting game.
Regardless, every industry faces one universal truth: life after the pandemic will look significantly different.


investmentwatchblog--2020-04-23--Does the CARES Act Actually Care for Your 401(k)?

Lawmakers packaged , sold , and passed the CARES Act as a way to help retirement savers mitigate the COVID-19 crisis .
Buried in 880 pages worth of legislation , one section is intended to provide benefits for those retirement savers with a 401 ( k ) plan .
According to a piece on CNBC , one of those benefits allows you to withdraw cash without the normal penalties : But if you need to withdraw some emergency cash from your 401 ( k ) to help manage your finances during this crisis , you may run into challenges .
@ @ @ @ @ @ @ plan sponsors aren ’ t implementing the changes yet .
In fact , according to the same CNBC piece , “ Fewer than half are doing so — although many are still deciding.
” Additionally , if you take out a 401 ( k ) loan ( instead of simply withdrawing funds ) and you are unexpectedly laid off from your job , the CARES Act could hurt more than it helps .
A piece on the Motley Fool explains why : Simply put , if you are considering taking out a loan @ @ @ @ @ @ @ ’ re prepared for any challenges that may present themselves .
According to a 2018 survey from TD Ameritrade , only 27 % of respondents knew how much they were paying in 401 ( k ) fees and an astonishing 37 % didn ’ t realize they were paying fees at all .
That means there are millions of Americans that aren ’ t aware their plan administrator is “ taking a cut ” from their retirement savings at all .
In some cases , this “ cut ” means sacrificing 1.5 % @ @ @ @ @ @ @ can do their job .
This “ cut ” also adds up , and has the potential to reduce your 401 ( k ) savings by 17 % over time , according to Consumer Reports .
To mitigate the damage if you have a “ bad ” plan , you can try talking to your employer .
However , most employers don ’ t provide many options , assuming they offer a 401 ( k ) at all .
Whether it ’ s lawmakers passing bills like the CARES Act , or plan @ @ @ @ @ @ @ “ take their cut ” in the form of hidden fees , there are many ways in which your 401 ( k ) can be held hostage .
But the good news is , you have options .
For example , you can consider rolling some of your 401 ( k ) into a “ self-directed IRA , ” which is a type of retirement account that allows the account holder to make the investment decisions , specifically where to invest and how much .
Given all of the hurdles that 401 ( @ @ @ @ @ @ @ this may be the right time for you to look into making such a move .

Photo by Wikimedia.org | CC BY | Photoshopped
From Birch Gold Group
Lawmakers packaged, sold, and passed the CARES Act as a way to help retirement savers mitigate the COVID-19 crisis.
Buried in 880 pages worth of legislation, one section is intended to provide benefits for those retirement savers with a 401(k) plan. According to a piece on CNBC, one of those benefits allows you to withdraw cash without the normal penalties:
The first option lets you take up to $100,000 or 100% of your balance (whichever is less) without the typical early withdrawal penalty for participants under age 59½. You get three years to either pay the taxes due on the distribution or to replace the money and not owe taxes on it.
But if you need to withdraw some emergency cash from your 401(k) to help manage your finances during this crisis, you may run into challenges.
One of the main challenges is some plan sponsors aren’t implementing the changes yet. In fact, according to the same CNBC piece, “Fewer than half are doing so — although many are still deciding.”
We are primarily funded by readers. Please subscribe and donate to support us!
Additionally, if you take out a 401(k) loan (instead of simply withdrawing funds) and you are unexpectedly laid off from your job, the CARES Act could hurt more than it helps. A piece on the Motley Fool explains why:
If you do end up losing your job down the road, you’ll still need to either repay the loan in full or consider it a withdrawal. So if you’re worried your job is on shaky ground, just be prepared for what that might mean for your 401(k) loan.
Simply put, if you are considering taking out a loan, you need to ensure that you’re prepared for any challenges that may present themselves.
“Hidden” 401(k) Fees Compound the Problem
According to a 2018 survey from TD Ameritrade, only 27% of respondents knew how much they were paying in 401(k) fees and an astonishing 37% didn’t realize they were paying fees at all.
That means there are millions of Americans that aren’t aware their plan administrator is “taking a cut” from their retirement savings at all. In some cases, this “cut” means sacrificing 1.5% of your savings so a plan administrator can do their job.
This “cut” also adds up, and has the potential to reduce your 401(k) savings by 17% over time, according to Consumer Reports.
To mitigate the damage if you have a “bad” plan, you can try talking to your employer. However, most employers don’t provide many options, assuming they offer a 401(k) at all.
Don’t Let “Them” Hold Your 401(k) Funds Hostage
Whether it’s lawmakers passing bills like the CARES Act, or plan administrators that refuse to make changes or “take their cut” in the form of hidden fees, there are many ways in which your 401(k) can be held hostage. But the good news is, you have options.
For example, you can consider rolling some of your 401(k) into a “self-directed IRA,” which is a type of retirement account that allows the account holder to make the investment decisions, specifically where to invest and how much.
Given all of the hurdles that 401(k) plan participants can face, this may be the right time for you to look into making such a move.


investmentwatchblog--2020-04-23--Maybe the NYT is hoping for a bailout from Xi. But honestly, I think a lot of people are being bribe

Maybe the NYT is hoping for a bailout from Xi. But honestly, I think a lot of people are being bribed. And telling themselves it’s okay because Orange Man Bad.

STOP FLACKING FOR CHINA : It ’ s Time for the Press to Play by the Rules Too .
In the midst of the greatest test of their mettle in a generation , the New York Times devoted a Sunday front-page article to the absurd claim that criticizing China ’ s role in this catastrophe amounts to “ scapegoating ” that is motivated by bigoted “ xenophobia.
” The piece is an example of the axe-grinding ideology pretending to be news that has become commonplace when our country can least afford it .
It ’ s a stone-cold fact that @ @ @ @ @ @ @ about the origin and nature of the virus .
Their deceit is entirely consistent with how the Chinese Communist Party has mangled the truth about public-health calamities in the past , including prior outbreaks , and as far back as the state-induced famines of Chairman Mao , which killed millions of China ’ s own citizens .
But according to the Times , Americans are being manipulated into considering those realities , all part of a cynical strategy to “ divert attention ” from domestic politics .
For proof , the Times showed @ @ @ @ @ @ @ Americans fault the Chinese government for dishonesty and negligence in handling the crisis .
How did people get that idea ?
From “ attack ads , ” the Times says , that “ rely heavily on images of people of Asian descent.
” Yet the only such depiction they cite was of the former U.S. ambassador to China , who was shown meeting with their leadership , the same image the Times itself published when it happened .
And how should an issue ad address China without using any photos of leaders from @ @ @ @ @ @ @ .
.
.
Americans would also be right to wonder why more journalists aren ’ t pursuing a story about China that appears to tick every box in an investigative reporter ’ s dream assignment .
Here we have an ultra-secretive police state that won ’ t even let its own citizens use Facebook .
They put ethnic minorities in concentration camps .
The first doctors who sounded the alarm about the virus were forced to recant at gunpoint .
Gee , do you think maybe all that is worth a closer look @

STOP FLACKING FOR CHINA: It’s Time for the Press to Play by the Rules Too.
In the midst of the greatest test of their mettle in a generation, the New York Times devoted a Sunday front-page article to the absurd claim that criticizing China’s role in this catastrophe amounts to “scapegoating” that is motivated by bigoted “xenophobia.” The piece is an example of the axe-grinding ideology pretending to be news that has become commonplace when our country can least afford it.
It’s a stone-cold fact that the Chinese government repeatedly misled the world about the origin and nature of the virus. Their deceit is entirely consistent with how the Chinese Communist Party has mangled the truth about public-health calamities in the past, including prior outbreaks, and as far back as the state-induced famines of Chairman Mao, which killed millions of China’s own citizens.
But according to the Times, Americans are being manipulated into considering those realities, all part of a cynical strategy to “divert attention” from domestic politics. For proof, the Times showed poll results that nearly 80 percent of Americans fault the Chinese government for dishonesty and negligence in handling the crisis.
How did people get that idea? From “attack ads,” the Times says, that “rely heavily on images of people of Asian descent.” Yet the only such depiction they cite was of the former U.S. ambassador to China, who was shown meeting with their leadership, the same image the Times itself published when it happened. And how should an issue ad address China without using any photos of leaders from China? With mannequins, perhaps? . . . Americans would also be right to wonder why more journalists aren’t pursuing a story about China that appears to tick every box in an investigative reporter’s dream assignment. Here we have an ultra-secretive police state that won’t even let its own citizens use Facebook. They put ethnic minorities in concentration camps. The first doctors who sounded the alarm about the virus were forced to recant at gunpoint. Gee, do you think maybe all that is worth a closer look?


investmentwatchblog--2020-04-23--Tucker Carlson: Governors all over the country are taking advantage of this Pandemic because they wa

We found out how quickly our rights are infringed by state and local governments .

Tucker Carlson: Governors all over the country are taking advantage of this Pandemic because they want Total Control, not because of Science pic.twitter.com/VqMKjjD3oe — Benny (@bennyjohnson) April 23, 2020
We found out how quickly our rights are infringed by state and local governments.
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AC


investmentwatchblog--2020-04-23--Washington State Governor Wants Manditory Vacine and Microchip BEFORE Opening!

Wa Governor Only after the constituents in Wa state are tested THEN given vaccination that comes with a biometric device @ @ @ @ @ those who have complied To get back on track to the path of normalcy Inslee @ @ @

Wa Governor Only after the constituents in Wa state are tested THEN given vaccination that comes with a biometric device similar to microchip to identify those who have complied To get back on track to the path of normalcy Inslee outlines plan.
Wa Governor Only after the constituents in Wa state are tested THEN given vaccination that comes with a biometric device similar to microchip to identify those who have complied To get back on track to the path of normalcy Inslee outlines plan. #ID2020
t.co/XvlUzrg7LM — Doll Arntzen (@DollArntzen) April 22, 2020
SEATTLE — The sheriff of Snohomish County says he won’t enforce Gov. Jay Inslee’s stay-at-home order to slow the spread of the coronavirus, saying it violates people’s constitutional rights.
Snohomish County Sheriff Adam Fortney announced his position on Facebook Tuesday night, following a statewide address by Inslee in which the governor said the state will not be able to lift many of the stay-at-home restrictions implemented to fight the coronavirus by May 4. That’s the date through which the current directive is currently in place — but Inslee hopes health modeling in the coming days will allow resumption of some activities. We are primarily funded by readers. Please subscribe and donate to support us! In the post, Fortney said COVID-19 is “very real” and said the appropriate measures need to be taken to protect vulnerable populations. However, he added, “I can no longer stay silent as I’m not even sure he knows what he is doing or knows what struggles Washingtonian’s face right now.” Fortney said he believes small businesses and independent contractors are able to operate with the same safety measures in place that essential business have implemented.
Fortney’s post came a day after Franklin County Sheriff J.D. Raymond sent a letter to county residents saying he also wouldn’t enforce the stay at home order.


investmentwatchblog--2020-04-23--Communist China ‘lies like we breathe’ – Sky News Australia

Ms Panahi told Sky News host Paul Murray the Chinese communist regime “ lie like you and I breathe , @ @ @ @ @ ineptitude and recklessness ” in handling the virus .

Ms Panahi told Sky News host Paul Murray the Chinese communist regime “lie like you and I breathe,” evidenced by its “ineptitude and recklessness” in handling the virus.


investmentwatchblog--2020-04-23--“No other business segment within the economy is as exposed to the population as the retail food bus

“No other business segment within the economy is as exposed to the population as the retail food business; and yet supermarkets operated without issue. So why shouldn’t all businesses immediately get back to work?”

During his opening monologue today Fox News host Tucker Carlson outlines how the Wuhan Virus has led to an authoritarian police state without any real basis in science .
“ It is easier to be fooled , than to convince people they have been fooled.
” Mark Twain .
What Carlson alludes to , though he didn ’ t specifically connect-the-dot , is the reality of how some sectors of the U.S. economy ( the supermarket industry ) have continued without issue .
That factual reality doesn ’ t reconcile with the doomsday claims .
No other business segment within @ @ @ @ @ @ @ population as the retail food business ; and yet supermarkets operated without issue .
There are few high-traffic businesses more densely populated than grocery stores .
In fact , within the U.S. economy retail supermarkets have the highest foot traffic of any business sector in the entire economy ; that ’ s just an empirical fact… .
and the coronavirus impact increased that foot traffic by an average of 40 percent .
Now , stop and think about this logically & apply a large dose of common sense .
Think about human-to-human interface @ @ @ @ @ @ @ of the total U.S. population penetrating through grocery outlets ; and with 100 % of that massive number of consumers going through checkout lanes ; if the COVID-19 viral strain was as significant as claimed by the worst-case data , then supermarket cashiers would have been the highest exposed profession of U.S. workers in the entire nation .
There wouldn ’ t even be a close second place .
Considering that metric ; and considering the overall population penetration & density within the business operation ; there has not been an employee-based business @ @ @ @ @ @ @ another way : the coronavirus has not stopped the function of the highest human interface occupation in the entire U.S. economy .
♦Secondly , think about the businesses that are closed ; perhaps think about your job that may have been shut down… .
now frame your risk based on the supermarket example as highest human interface and highest population penetration in any business field .
If the # 1 at risk industry has operated , essentially without disruption and with almost zero substantive mitigation , while carrying the largest population exposure rate @ @ @ @ @ @ @ would have significantly less operational risk .
Why would anyone be concerned about opening their business ?
If you take the factual outcome of the retail food industry as a measure , it would follow that other than a few proximity businesses which may need prudent modifications or remain temporarily closed ( ex .
modified airplane seating , concerts , stadiums or capacity seating venues etc ) , then all other businesses should immediately resume operations .
No other business segment within the economy is as exposed to the population as the retail @ @ @ @ @ @ @ without issue .
So why shouldn ’ t all businesses immediately get back to work ?
Perhaps a few initial modifications might be needed ; but not much , and not for long .

During his opening monologue today Fox News host Tucker Carlson outlines how the Wuhan Virus has led to an authoritarian police state without any real basis in science.
“It is easier to be fooled, than to convince people they have been fooled.” Mark Twain.
.
What Carlson alludes to, though he didn’t specifically connect-the-dot, is the reality of how some sectors of the U.S. economy (the supermarket industry) have continued without issue. That factual reality doesn’t reconcile with the doomsday claims.
No other business segment within the economy is as exposed to the population as the retail food business; and yet supermarkets operated without issue.
There are few high-traffic businesses more densely populated than grocery stores. In fact, within the U.S. economy retail supermarkets have the highest foot traffic of any business sector in the entire economy; that’s just an empirical fact…. and the coronavirus impact increased that foot traffic by an average of 40 percent. Now, stop and think about this logically & apply a large dose of common sense. Think about human-to-human interface.
♦First, with approximately 90 percent of the total U.S. population penetrating through grocery outlets; and with 100% of that massive number of consumers going through checkout lanes; if the COVID-19 viral strain was as significant as claimed by the worst-case data, then supermarket cashiers would have been the highest exposed profession of U.S. workers in the entire nation. There wouldn’t even be a close second place.
Considering that metric; and considering the overall population penetration & density within the business operation; there has not been an employee-based business disruption due to the coronavirus. Put another way: the coronavirus has not stopped the function of the highest human interface occupation in the entire U.S. economy.
We are primarily funded by readers. Please subscribe and donate to support us!
♦Secondly, think about the businesses that are closed; perhaps think about your job that may have been shut down…. now frame your risk based on the supermarket example as highest human interface and highest population penetration in any business field.
If the #1 at risk industry has operated, essentially without disruption and with almost zero substantive mitigation, while carrying the largest population exposure rate, then all other less-exposed business operations would have significantly less operational risk.
Why would anyone be concerned about opening their business?
If you take the factual outcome of the retail food industry as a measure, it would follow that other than a few proximity businesses which may need prudent modifications or remain temporarily closed (ex. modified airplane seating, concerts, stadiums or capacity seating venues etc), then all other businesses should immediately resume operations.
No other business segment within the economy is as exposed to the population as the retail food business; and yet supermarkets operated without issue.
So why shouldn’t all businesses immediately get back to work?
Perhaps a few initial modifications might be needed; but not much, and not for long.
Think about it….


investmentwatchblog--2020-04-23--Business owner obtains payroll loan to keep paying 35 employees — they respond with a ‘firestorm of

Business owner obtains payroll loan to keep paying 35 employees — they respond with a ‘firestorm of hatred’

The experience of a small business owner in Washington state is highlighting the unintended consequences of the massive coronavirus relief @ @ @ @ @ receiving a paycheck .
Jamie Black-Lewis told CNBC that she was able to obtain loans @ @ @ @ @ 43,800 , and thought that her 35 spa employees would be happy that they weren @ @ @ @ @ .
Instead , she was met with a “ firestorm of hatred.
” Black-Lewis said @ @ @ @ @ of which were paid hourly , were angry because they were preparing to obtain more @ @ @ @ @ would by staying at employed .

The experience of a small business owner in Washington state is highlighting the unintended consequences of the massive coronavirus relief bill passed to keep employees receiving a paycheck.
Jamie Black-Lewis told CNBC that she was able to obtain loans for $177,000 and $43,800, and thought that her 35 spa employees would be happy that they weren’t losing their jobs.
Instead, she was met with a “firestorm of hatred.”
We are primarily funded by readers. Please subscribe and donate to support us!
Black-Lewis said that the employees, many of which were paid hourly, were angry because they were preparing to obtain more money through unemployment than they would by staying at employed.
www.cnbc.com/2020/04/22/she-got-a-paycheck-protection-loan-her-employees-hate-her-for-it.html


investmentwatchblog--2020-04-23--Renter Sues Landlord for Tracking Coronavirus Bailout Check

A Forest Grove renter filed a federal lawsuit Wednesday against his landlord for allegedly using the Internal Revenue Service website to determine whether he had received his federal stimulus check .
Austin Goodrich , 22 , is accusing his property manager , TLC Bookkeeping and Tax Prep Inc. , and property owner , 2275 W Burnside LLC , of invading his privacy by illegally using the IRS website to track the status of his stimulus check in an attempt to collect unpaid rent .
Goodrich confirmed that TLC Bookkeeping and Tax Prep is run by his grandmother , but said @ @ @ @ @ @ @ of their tenant-landlord relationship .
Goodrich , who lost his job as a security guard due to the COVID-19 crisis , is one of nearly 300,000 Oregonians who were laid off or furloughed in the first weeks of the coronavirus outbreak .
Oregon Gov .
Kate Brown issued a temporary eviction moratorium on March 22 to protect renters dealing with the fallout from the crisis .
Hours after receiving his stimulus check from the federal government on April 15 , Goodrich received a text from his landlord and grandmother asking whether he planned @ @ @ @ @ @ @ April rent .
She explained she had used his Social Security number and the numbers of several other tenants to see whether their stimulus checks had arrived , according to a text message thread that Goodrich posted on social media .
The IRS “ Get My Payment ” website allows users to track the status of stimulus checks by entering a Social Security number , date of birth and address .
A message on the website says “ unauthorized use of this system is prohibited and subject to criminal and civil penalties.
” @ @ @ @ @ @ @ issue for awhile but decided to use this opportunity to speak out on behalf of tenants that suffer abuses from their landlords/property managers that this is the time to put your foot down and demand fair treatment of your rights , ” said Goodrich in an email exchange with The Oregonian/OregonLive earlier this week .
“ I also wanted to bring attention to the IRS ’ vulnerabilities that would allow anyone with access to Social Security numbers to gain illegal access to their computer systems.
” Goodrich is being represented by Portland lawyers @ @ @ @ @ @ @ Kelly Jones .
“ One of the reasons we filed this is to send a message that tenants and vulnerable people are not going to be bullied during this crisis , ” Fuller said .
“ That appears to be what happened here .
Not only do I hope that the jury allows fair compensation for my client , but I hope that sends a strong message to other landlords and debt collectors that tenants are not going to be bullied.
” A representative for 2275 W Burnside LLC did not immediately respond @ @ @ @ @ @ @ afternoon .
The owner of TLC Bookkeeping and Tax Prep Inc. said she would not be commenting , based on advice from her lawyer .
She declined to give her name , but referred to herself as Goodrich ’ s grandmother , tax preparer and property manager .
The lawsuit does not name her as an individual defendant .

A Forest Grove renter filed a federal lawsuit Wednesday against his landlord for allegedly using the Internal Revenue Service website to determine whether he had received his federal stimulus check.
Austin Goodrich, 22, is accusing his property manager, TLC Bookkeeping and Tax Prep Inc., and property owner, 2275 W Burnside LLC, of invading his privacy by illegally using the IRS website to track the status of his stimulus check in an attempt to collect unpaid rent.
Goodrich confirmed that TLC Bookkeeping and Tax Prep is run by his grandmother, but said he does not associate with her outside of their tenant-landlord relationship.
Goodrich, who lost his job as a security guard due to the COVID-19 crisis, is one of nearly 300,000 Oregonians who were laid off or furloughed in the first weeks of the coronavirus outbreak. Oregon Gov. Kate Brown issued a temporary eviction moratorium on March 22 to protect renters dealing with the fallout from the crisis.
Hours after receiving his stimulus check from the federal government on April 15, Goodrich received a text from his landlord and grandmother asking whether he planned to use the money to pay his April rent. She explained she had used his Social Security number and the numbers of several other tenants to see whether their stimulus checks had arrived, according to a text message thread that Goodrich posted on social media.
The IRS “Get My Payment” website allows users to track the status of stimulus checks by entering a Social Security number, date of birth and address. A message on the website says “unauthorized use of this system is prohibited and subject to criminal and civil penalties.”
We are primarily funded by readers. Please subscribe and donate to support us!
“I initially remained anonymous on the issue for awhile but decided to use this opportunity to speak out on behalf of tenants that suffer abuses from their landlords/property managers that this is the time to put your foot down and demand fair treatment of your rights,” said Goodrich in an email exchange with The Oregonian/OregonLive earlier this week. “I also wanted to bring attention to the IRS’ vulnerabilities that would allow anyone with access to Social Security numbers to gain illegal access to their computer systems.”
Goodrich is being represented by Portland lawyers Michael Fuller, Alan Kessler, and Kelly Jones.
“One of the reasons we filed this is to send a message that tenants and vulnerable people are not going to be bullied during this crisis,” Fuller said. “That appears to be what happened here. Not only do I hope that the jury allows fair compensation for my client, but I hope that sends a strong message to other landlords and debt collectors that tenants are not going to be bullied.”
A representative for 2275 W Burnside LLC did not immediately respond to a call from The Oregonian/OregonLive Wednesday afternoon. The owner of TLC Bookkeeping and Tax Prep Inc. said she would not be commenting, based on advice from her lawyer. She declined to give her name, but referred to herself as Goodrich’s grandmother, tax preparer and property manager. The lawsuit does not name her as an individual defendant.
www.kgw.com/article/news/local/renter-sues-landlord-tracking-coronavirus-stimulus-check/283-59a9f288-be79-480e-a028-1d87dba6f19b


investmentwatchblog--2020-04-23--Sloppy MSM conspiracy to usher in the Gates vaccine

Notice how they didn ’ t give those patients Zinc alongside the hydroxychloroquine .
Hydroxychloroquine simply opens the gateway for @ @ @ @ @ cells .
If you don ’ t also give patients Zinc , the hydroxychloroquine won @ @ @ @ @ It ’ s like trying to shoot a gun without bullets .
And will probably @ @ @ @ @ things will be pushed into the cells .
But they conveniently leave those facts out @ @ @ @ @ the vaccine will be discredited .
Even if they have to blatantly lie like they @ @ @ @ @

Notice how they didn’t give those patients Zinc alongside the hydroxychloroquine.
Hydroxychloroquine simply opens the gateway for Zinc to be pushed into cells. If you don’t also give patients Zinc, the hydroxychloroquine won’t do anything. It’s like trying to shoot a gun without bullets. And will probably cause adverse effects since other things will be pushed into the cells.
But they conveniently leave those facts out. Because every treatment besides the vaccine will be discredited. Even if they have to blatantly lie like they are doing with hydroxychloroquine.
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h/t jkkill
Disclaimer: This is a guest post


investmentwatchblog--2020-04-23--CA Govorner sigs a $1 billion contract to buy masks for more than $5ea, while any shmuck with an int

CA Govorner sigs a $1 billion contract to buy masks for more than $5ea, while any shmuck with an internet connection can buy them for $2ea

California Gov .
Gavin Newsom is facing pushback as state lawmakers have begun demanding details of his nearly $ 1 @ @ @ @ @ million masks per month from a Chinese manufacturer .
Just two weeks after announcing the @ @ @ @ @ largely mum on the specifics .
Advisers to the California Democrat have declined requests for @ @ @ @ @ Times about the agreement , which was inked with Chinese electric car manufacturer BYD — @ @ @ @ @ Dreams — earlier this month .
BYD was formed in 1995 as a battery manufacturer @ @ @ @ @ Buffett ’ s Berkshire Hathaway purchased a 24.8 % stake in the company .

via foxnews:
California Gov. Gavin Newsom is facing pushback as state lawmakers have begun demanding details of his nearly $1 billion deal to receive 200 million masks per month from a Chinese manufacturer.
Just two weeks after announcing the deal, Newsom has remained largely mum on the specifics.
Advisers to the California Democrat have declined requests for comment from the Los Angeles Times about the agreement, which was inked with Chinese electric car manufacturer BYD — which stands for Build Your Dreams — earlier this month.
BYD was formed in 1995 as a battery manufacturer. In 2008, Warren Buffett’s Berkshire Hathaway purchased a 24.8% stake in the company.


investmentwatchblog--2020-04-23--Watch NY Gov Cuomo say his life is more important than yours, running out of money is no big deal, a

Watch NY Gov Cuomo say his life is more important than yours, running out of money is no big deal, and you go get an “essential job” if you are suffering so bad!

LET THEM EAT ESSENTIAL JOBS : New York Gov .
Cuomo to protesters wanting economy reopened : ‘ Get a @ @ @ @ @ ’ This is not a good look for the Governor .
Also , Cuomo ’ @ @ @ @ @ given that I hear the lines for soup kitchens and food pantries in NYC are @ @ @

A reporter asked Gov. Cuomo what he’d say to New Yorkers who want to go back to work because they’re running out of money, to which he replied, “economic hardship doesn’t equal death” “You want to go to work? Go take a job as an essential worker” he added t.co/BgwoOZsQRy pic.twitter.com/WxGQxtg49p — CBS News (@CBSNews) April 22, 2020
LET THEM EAT ESSENTIAL JOBS: New York Gov. Cuomo to protesters wanting economy reopened: ‘Get a job as an essential worker.’ This is not a good look for the Governor.
UPDATE: Andrew Cuomo’s coronavirus nursing home policy proves tragic.
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Also, Cuomo’s remark is particularly ghastly given that I hear the lines for soup kitchens and food pantries in NYC are mind-bogglingly long.
h/t GR


investmentwatchblog--2020-04-23--The US dollar doesn’t have ‘too much to offer anymore,’ and looks set to plummet against other major

The US dollar doesn’t have ‘too much to offer anymore,’ and looks set to plummet against other major currencies, UBS warns

The dollar could plunge against the yuan , yen , and pound in the next few months , warns UBS .
UBS Global Wealth Management ’ s Hartmut Issel told CNBC Thursday in a phone interview : “ Since the last month or two , the dollar does not have too much to offer anymore.
” Issel also thinks yield differentials will become more attractive of an investment than equities .
The dollar could weaken against other currencies making credit spreads more attractive than equities during the coronavirus economic meltdown , according to UBS Global Wealth Management .
Hartmut Issel @ @ @ @ @ @ @ investment office at UBS Global Wealth Management , told CNBC on Thursday in a phone interview : “ Since the last month or two , the dollar does not have too much to offer anymore .
Across the board we should see strengthening of the yuan and the yen in the second half of the year at the expense of the dollar.
” Issel added : “ We think there will [ first be a setback ] in areas like investment grade in the US and in APAC ( Asia-Pacific ) , emerging @ @ @ @ @ @ @ a risk-reward point of view they will probably have more upside when things go well .
”

The dollar could plunge against the yuan, yen, and pound in the next few months, warns UBS.
UBS Global Wealth Management’s Hartmut Issel told CNBC Thursday in a phone interview: “Since the last month or two, the dollar does not have too much to offer anymore.”
Issel also thinks yield differentials will become more attractive of an investment than equities.
The dollar could weaken against other currencies making credit spreads more attractive than equities during the coronavirus economic meltdown, according to UBS Global Wealth Management.
Hartmut Issel, head of Asia-Pacific equities, chief investment office at UBS Global Wealth Management, told CNBC on Thursday in a phone interview: “Since the last month or two, the dollar does not have too much to offer anymore. Across the board we should see strengthening of the yuan and the yen in the second half of the year at the expense of the dollar.”
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Issel added: “We think there will [first be a setback] in areas like investment grade in the US and in APAC (Asia-Pacific), emerging markets and high-yield bonds, but from a risk-reward point of view they will probably have more upside when things go well.”
www.businessinsider.com/us-dollar-will-weaken-against-other-major-currencies-ubs-says-2020-4


investmentwatchblog--2020-04-23--CNN interview: Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won’

CNN interview: Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won’t provide social distancing guidelines

Las Vegas Mayor Carolyn Goodman calls for businesses to reopen , while saying she won ’ t provide social distancing @ @ @ @ @ so safely .
“ They better figure it out .
That ’ s their job @ @ @ @ @ the mayor ’ s job Las Vegas Mayor Carolyn Goodman called the statewide shutdown one @ @ @ @ @ during a city council meeting Wednesday morning , and she urged the governor to allow @ @ @ @ @ All Press is good Press for # LasVegas .
Ever think this controversy is exactly @ @ @ @ @ ?
FYI – The mayor ’ s not opening anything since it ’ s up @ @ @ @ @ top of that , the majority of the Las Vegas strip isn ’ t even @ @ @ @

Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won't provide social distancing guidelines on how to do so safely. "They better figure it out. That's their job. That's not the mayor's job" t.co/warrOSZtrK pic.twitter.com/R6RCCu2Wzh — CNN Politics (@CNNPolitics) April 22, 2020
Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won’t provide social distancing guidelines on how to do so safely.
“They better figure it out. That’s their job. That’s not the mayor’s job
Las Vegas Mayor Carolyn Goodman called the statewide shutdown one of “total insanity” during a city council meeting Wednesday morning, and she urged the governor to allow the state to reopen.
We are primarily funded by readers. Please subscribe and donate to support us!
All Press is good Press for #LasVegas . Ever think this controversy is exactly the marketing boost Vegas needed? FYI – The mayor's not opening anything since it's up to the governor. On top of that, the majority of the Las Vegas strip isn't even under her jurisdiction! t.co/wYFySbDjNS — BannerView.com (@BannerView) April 22, 2020
All Press is good Press for #LasVegas . Ever think this controversy is exactly the marketing boost Vegas needed? FYI – The mayor’s not opening anything since it’s up to the governor. On top of that, the majority of the Las Vegas strip isn’t even under her jurisdiction!
h/t AH


investmentwatchblog--2020-04-23--Report: Obama Admin Funded China’s Coronavirus Research, Gave Millions in Taxpayer Money to Wuhan La

Report: Obama Admin Funded China’s Coronavirus Research, Gave Millions in Taxpayer Money to Wuhan Lab

By C. Douglas Golden Published April 22 , 2020 at 1:00pm The Wuhan Institute of Virology isn ’ t a particularly popular popular research institution at present , as you may have heard .
So , in case you aren ’ t up to speed yet , here ’ s a TL ; DR version : The WIV is an institute in the city where the novel coronavirus began that was doing research on bats and coronaviruses .
The current theory is that , instead of coming from edible bats sold at the Wuhan wet market , the virus somehow @ @ @ @ @ @ @ close to the wet market in question .
More specifically , the theory goes as such : The wet market didn ’ t sell bats , according to sources , and the bats from which the virus might have come were native to provinces more than 500 miles away from the market .
In addition , the WIV had posted several job listings around the time the virus was first spreading that had to do with novel coronaviruses being studied at the lab .
Furthermore , American diplomats claimed the lab “ operates @ @ @ @ @ @ @ significantly less secure than the level-4 standard claimed by the Wuhan Insititute of Virology lab.
” Notice I said “ theory ” and not “ conspiracy theory.
” That last part is not information from Infowars or even from a conservative media source , mind you .
That ’ s from The Washington Post .
“ Two years before the novel coronavirus pandemic upended the world , U.S. Embassy officials visited a Chinese research facility in the city of Wuhan several times and sent two official warnings back to Washington about inadequate safety @ @ @ @ @ @ @ risky studies on coronaviruses from bats , ” The Post reported last week .
“ The cables have fueled discussions inside the U.S. government about whether this or another Wuhan lab was the source of the virus — even though conclusive proof has yet to emerge .
“ In January 2018 , the U.S. Embassy in Beijing took the unusual step of repeatedly sending U.S. science diplomats to the Wuhan Institute of Virology ( WIV ) , which had in 2015 become China ’ s first laboratory to achieve the highest level of @ @ @ @ @ @ @ ) .
WIV issued a news release in English about the last of these visits , which occurred on March 27 , 2018 .
The U.S. delegation was led by Jamison Fouss , the consul general in Wuhan , and Rick Switzer , the embassy ’ s counselor of environment , science , technology and health .
Last week , WIV erased that statement from its website , though it remains archived on the Internet.
” It ’ s not just the one article .
From a Washington Post editorial , again from @ @ @ @ @ @ @ explanation is that the coronavirus was inadvertently spread from the Wuhan Institute of Virology , which had carried out research on bat coronaviruses and possessed a biosafety level 4 facility , the most secure for handling highly pathogenic and infectious diseases .
It is not beyond possibility that an accident or spill occurred.
” It gets worse .
Reports indicate a grant from the American government — courtesy of the Obama administration — may have helped fund this research .

By C. Douglas Golden
Published April 22, 2020 at 1:00pm
The Wuhan Institute of Virology isn’t a particularly popular popular research institution at present, as you may have heard.
So, in case you aren’t up to speed yet, here’s a TL;DR version: The WIV is an institute in the city where the novel coronavirus began that was doing research on bats and coronaviruses. The current theory is that, instead of coming from edible bats sold at the Wuhan wet market, the virus somehow came from the WIV, which was close to the wet market in question.
More specifically, the theory goes as such: The wet market didn’t sell bats, according to sources, and the bats from which the virus might have come were native to provinces more than 500 miles away from the market. In addition, the WIV had posted several job listings around the time the virus was first spreading that had to do with novel coronaviruses being studied at the lab.
Furthermore, American diplomats claimed the lab “operates at biosecurity level 2, a level significantly less secure than the level-4 standard claimed by the Wuhan Insititute of Virology lab.”
Notice I said “theory” and not “conspiracy theory.” That last part is not information from Infowars or even from a conservative media source, mind you. That’s from The Washington Post.
“Two years before the novel coronavirus pandemic upended the world, U.S. Embassy officials visited a Chinese research facility in the city of Wuhan several times and sent two official warnings back to Washington about inadequate safety at the lab, which was conducting risky studies on coronaviruses from bats,” The Post reported last week.
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“The cables have fueled discussions inside the U.S. government about whether this or another Wuhan lab was the source of the virus — even though conclusive proof has yet to emerge.
“In January 2018, the U.S. Embassy in Beijing took the unusual step of repeatedly sending U.S. science diplomats to the Wuhan Institute of Virology (WIV), which had in 2015 become China’s first laboratory to achieve the highest level of international bioresearch safety (known as BSL-4). WIV issued a news release in English about the last of these visits, which occurred on March 27, 2018. The U.S. delegation was led by Jamison Fouss, the consul general in Wuhan, and Rick Switzer, the embassy’s counselor of environment, science, technology and health. Last week, WIV erased that statement from its website, though it remains archived on the Internet.”
It’s not just the one article. From a Washington Post editorial, again from last week: “A more troubling explanation is that the coronavirus was inadvertently spread from the Wuhan Institute of Virology, which had carried out research on bat coronaviruses and possessed a biosafety level 4 facility, the most secure for handling highly pathogenic and infectious diseases. It is not beyond possibility that an accident or spill occurred.”
It gets worse. Reports indicate a grant from the American government — courtesy of the Obama administration — may have helped fund this research.
Read more below:
www.westernjournal.com/report-obama-admin-funded-chinas-coronavirus-research-gave-millions-taxpayer-money-wuhan-lab/?utm_source=Email&utm_medium=WJBreaking&utm_campaign=ct-breaking&utm_content=western-journal


investmentwatchblog--2020-04-23--NO FEDERAL BAILOUT FOR STATES! Mitch McConnell Floats Creating Bankruptcy Process for U.S. States ~

NO FEDERAL BAILOUT FOR STATES! Mitch McConnell Floats Creating Bankruptcy Process for U.S. States ~ Why should Montana & Arizona bail out New York & California?

Wednesday during Hugh Hewitt ’ s nationally syndicated radio show , Senate Majority Leader Mitch McConnell ( R-KY ) said @ @ @ @ @ to meet their financial obligations due to the Chinese coronavirus pandemic to declare bankruptcy instead @ @ @ @ @ .

Wednesday during Hugh Hewitt’s nationally syndicated radio show, Senate Majority Leader Mitch McConnell (R-KY) said he favors allowing states struggling to meet their financial obligations due to the Chinese coronavirus pandemic to declare bankruptcy instead of providing a federal bailout.
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www.breitbart.com/politics/2020/04/22/mitch-mcconnell-floats-creating-bankruptcy-process-for-u-s-states/


investmentwatchblog--2020-04-23--Coronavirus hit Britain’s economy with a historic collapse in demand during April the Services PMI s

Coronavirus hit Britain’s economy with a historic collapse in demand during April the Services PMI shows.

LONDON ( Reuters ) – Britain may be in the grip of its worst economic slump in centuries , a @ @ @ @ @ , as the coronavirus lockdown pounded businesses this month with more force than even the @ @ @ @ @ .
Interest-rate setter Jan Vlieghe said on Thursday the economy should recover its pre-coronavirus growth @ @ @ @ @ over , but it could take time .
Earlier , surveys showed a historic contraction @ @ @ @ @ but guaranteed as the government grapples with its biggest public health crisis in more than @ @ @ @ @ Britons have died from the novel coronavirus so far .

LONDON (Reuters) – Britain may be in the grip of its worst economic slump in centuries, a Bank of England official warned, as the coronavirus lockdown pounded businesses this month with more force than even the most pessimistic forecasters had feared.
Interest-rate setter Jan Vlieghe said on Thursday the economy should recover its pre-coronavirus growth pattern once the pandemic is over, but it could take time.
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Earlier, surveys showed a historic contraction in the economy is all but guaranteed as the government grapples with its biggest public health crisis in more than 100 years. Over 17,000 Britons have died from the novel coronavirus so far.
uk.reuters.com/article/uk-britain-economy-pmi/coronavirus-brings-uk-economy-to-its-knees-in-april-pmi-idUKKCN22512S


investmentwatchblog--2020-04-23--Nearly 9 in 10 Covid-19 patients on ventilators don’t make it… It causes sudden strokes in young adu

Nearly 9 in 10 Covid-19 patients on ventilators don’t make it… It causes sudden strokes in young adults. ‘We will not have a vaccine by next winter.’

New Study Shows Nearly 9 in 10 Covid-19 Patients on Ventilators Don ’ t Make It A giant study that examined outcomes for more than 2,600 patients found an extraordinarily high 88 % death rate among Covid-19 patients in the New York City area who had to be placed on mechanical devices to help them breathe .
The study , published in the Journal of the American Medical Association , is one of the largest reviews published to date of Covid-19 patients hospitalized in the U.S .
The researchers examined outcomes for coronavirus patients who were admitted between March 1 @ @ @ @ @ @ @ New York City and Long Island that are part of the Northwell Health system .
Overall , the researchers reported that 553 patients died , or 21 % .
But among the 12 % of very sick patients that needed ventilators to breathe , the death rate rose to 88 % .
The rate was particularly awful for patients over 65 who were placed on a machine , with just 3 % of those patients surviving , according to the results .
Men had a higher mortality rate than women .
Covid-19 causes @ @ @ @ @ @ @ say ( CNN ) The new coronavirus appears to be causing sudden strokes in adults in their 30s and 40s who are not otherwise terribly ill , doctors reported Wednesday .
They said patients may be unwilling to call 911 because they have heard hospitals are overwhelmed by coronavirus cases .
There ’ s growing evidence that Covid-19 infection can cause the blood to clot in unusual ways , and stroke would be an expected consequence of that .
Dr. Thomas Oxley , a neurosurgeon at Mount Sinai Health System in New York @ @ @ @ @ @ @ people they treated .
All were under the age of 50 , and all had either mild symptoms of Covid-19 infection or no symptoms at all .
“ The virus seems to be causing increased clotting in the large arteries , leading to severe stroke , ” Oxley told CNN .
“ Our report shows a seven-fold increase in incidence of sudden stroke in young patients during the past two weeks .
Most of these patients have no past medical history and were at home with either mild symptoms ( or in two @ @ @ @ @ @ @ , ” he added .
States shouldn ’ t reopen before May 1 , and most should wait several more weeks , coronavirus model shows ( CNN ) President Donald Trump says he strongly disagrees with Georgia Gov .
Brian Kemp ’ s plan to reopen part of that state ’ s economy , especially by putting beauty salons and other establishments that require close personal contact back in business .
Georgia ’ s move to reopen its economy is the most aggressive in the US , but many other states are also @ @ @ @ @ @ @ to work , even while the coronavirus still remains a public health threat .
And a coronavirus model routinely cited by the White House warns that no state should be opening before May 1 , and that Georgia shouldn ’ t reopen until June 19 — almost eight weeks from now .
“ It ’ s just too soon , ” Trump said Wednesday at the daily White House news briefing on coronavirus when asked about Kemp ’ s timetable .
“ The spas and the beauty parlors and the barber shops … @ @ @ @ @ @ @ a little bit longer , just a little bit , not much , because safety has to predominate.
” ‘ We will not have a vaccine by next winter.
’ CDC says second wave of coronavirus could be worse .
Why the second wave of 1918 Spanish flu was so devastating : ‘ The four seasonal coronaviruses do not seem to induce long-term immunity , ’

New Study Shows Nearly 9 in 10 Covid-19 Patients on Ventilators Don’t Make It
A giant study that examined outcomes for more than 2,600 patients found an extraordinarily high 88% death rate among Covid-19 patients in the New York City area who had to be placed on mechanical devices to help them breathe.
The study, published in the Journal of the American Medical Association, is one of the largest reviews published to date of Covid-19 patients hospitalized in the U.S. The researchers examined outcomes for coronavirus patients who were admitted between March 1 and April 4 to 12 hospitals in New York City and Long Island that are part of the Northwell Health system.
Overall, the researchers reported that 553 patients died, or 21%. But among the 12% of very sick patients that needed ventilators to breathe, the death rate rose to 88%. The rate was particularly awful for patients over 65 who were placed on a machine, with just 3% of those patients surviving, according to the results. Men had a higher mortality rate than women.
Covid-19 causes sudden strokes in young adults, doctors say
(CNN)The new coronavirus appears to be causing sudden strokes in adults in their 30s and 40s who are not otherwise terribly ill, doctors reported Wednesday.
We are primarily funded by readers. Please subscribe and donate to support us!
They said patients may be unwilling to call 911 because they have heard hospitals are overwhelmed by coronavirus cases.
There’s growing evidence that Covid-19 infection can cause the blood to clot in unusual ways, and stroke would be an expected consequence of that.
Dr. Thomas Oxley, a neurosurgeon at Mount Sinai Health System in New York, and colleagues gave details of five people they treated. All were under the age of 50, and all had either mild symptoms of Covid-19 infection or no symptoms at all.
“The virus seems to be causing increased clotting in the large arteries, leading to severe stroke,” Oxley told CNN.
“Our report shows a seven-fold increase in incidence of sudden stroke in young patients during the past two weeks. Most of these patients have no past medical history and were at home with either mild symptoms (or in two cases, no symptoms) of Covid,” he added.
States shouldn’t reopen before May 1, and most should wait several more weeks, coronavirus model shows
(CNN)President Donald Trump says he strongly disagrees with Georgia Gov. Brian Kemp’s plan to reopen part of that state’s economy, especially by putting beauty salons and other establishments that require close personal contact back in business.
Georgia’s move to reopen its economy is the most aggressive in the US, but many other states are also looking for ways to put people back to work, even while the coronavirus still remains a public health threat.
And a coronavirus model routinely cited by the White House warns that no state should be opening before May 1, and that Georgia shouldn’t reopen until June 19 — almost eight weeks from now.
“It’s just too soon,” Trump said Wednesday at the daily White House news briefing on coronavirus when asked about Kemp’s timetable. “The spas and the beauty parlors and the barber shops … I love them but they can want a little bit longer, just a little bit, not much, because safety has to predominate.”
‘We will not have a vaccine by next winter.’ CDC says second wave of coronavirus could be worse. Why the second wave of 1918 Spanish flu was so devastating: ‘The four seasonal coronaviruses do not seem to induce long-term immunity,’


investmentwatchblog--2020-04-23--CNN caught again… FAKE NEWS EXPOSED yet again! Using footage from 2017 for Coronavirus hype piece.

The same woman in 2012…

Pause that at 26 seconds.
The same woman in 2012…
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Dr. Elissa Epel : The Science of Stress
AC


investmentwatchblog--2020-04-23--CNN SCARE TACTICS: Las Vegas Mayor WRECKS Anderson Cooper LIVE on CNN!

Anderson Vanderbilt has been rich his whole life and has never known what these people are going through
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AC


investmentwatchblog--2020-04-23--Congress is being ran by secret caucus. No open debates, no televised committee hearings, no minorit

Congress is being ran by secret caucus. No open debates, no televised committee hearings, no minority rights. “The People’s House” is not open to the people. SCOTUS and Senate are publicly open.

It is being run by a Secret club , but not called the house .
They ’ re called kikes and they are in every branch of gov Our Constitution set up three branches of government .
And yet , in this crisis , only two branches are fully operational .
In particular , the House of Representatives is no longer functioning as a legislative body at all but as an executive committee run by just one representative : the Speaker of the House .
There are no open debates , no televised committee hearings , no minority rights .
@ @ @ @ @ @ @ is not open to the people .
Somehow , the executive branch managed to keep the White House open — from the Office of the President to the Situation Room , from the Department of Justice to the Joint Chiefs of Staff , they are all fully operational ; some people even complain they see too much of the president with his coronavirus task force daily briefings for hours on end .
There is no doubt , however , that the executive branch is open for business 24/7 .
It has put in @ @ @ @ @ @ @ operate safely and to keep the country safe at the same time from others who would seek to take advantage of a vulnerable nation going through a pandemic .
Over at the Supreme Court , the justices were faced with some tough choices , and they decided that they would continue to carry out their full responsibilities .
Until further notice , oral arguments are being conducted by phone so that the cases before the court will continue to move forward .
For the first time in history , the public will be @ @ @ @ @ @ @ live , without any delay .
Despite the advanced age of some of the justices , they have figured out how to adapt and to stay open for business .
Just yesterday , they issued a major ruling not related to the virus but about whether criminal jury verdicts must be by a unanimous vote .
It was a complex ruling with an unusual pairing of justices — one judge is not operating for the rest , they are all operating together .
In this crisis they have become more , not less @ @ @ @ @ @ @ House of Representatives has stood empty since the beginning of this crisis .

It is being run by a Secret club, but not called the house. They’re called kikes and they are in every branch of gov
via thehill:
Our Constitution set up three branches of government. And yet, in this crisis, only two branches are fully operational. In particular, the House of Representatives is no longer functioning as a legislative body at all but as an executive committee run by just one representative: the Speaker of the House. There are no open debates, no televised committee hearings, no minority rights. “The People’s House” is not open to the people.
Somehow, the executive branch managed to keep the White House open — from the Office of the President to the Situation Room, from the Department of Justice to the Joint Chiefs of Staff, they are all fully operational; some people even complain they see too much of the president with his coronavirus task force daily briefings for hours on end. There is no doubt, however, that the executive branch is open for business 24/7. It has put in place all the protocols and procedures to operate safely and to keep the country safe at the same time from others who would seek to take advantage of a vulnerable nation going through a pandemic.
Over at the Supreme Court, the justices were faced with some tough choices, and they decided that they would continue to carry out their full responsibilities. Until further notice, oral arguments are being conducted by phone so that the cases before the court will continue to move forward. For the first time in history, the public will be able to listen to Supreme Court arguments live, without any delay. Despite the advanced age of some of the justices, they have figured out how to adapt and to stay open for business.
Just yesterday, they issued a major ruling not related to the virus but about whether criminal jury verdicts must be by a unanimous vote. It was a complex ruling with an unusual pairing of justices — one judge is not operating for the rest, they are all operating together. In this crisis they have become more, not less, transparent.
In contrast, the House of Representatives has stood empty since the beginning of this crisis.


investmentwatchblog--2020-04-23--Eurozone economy suffers ‘unprecedented’ collapse… German shoppers NOT rushing back in

Brussels ( AFP ) – The eurozone economy is suffering an “ unprecedented ” collapse according to a PMI index released Thursday by analysis firm IHS Markit .
“ The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken to contain the coronavirus outbreak , ” it said .
The company ’ s purchasing manager ’ s index ( PMI ) dived to a record low of 13.5 in April , from the previous all-time low of 29.7 in March , confirming private sector gloom that is savaging @ @ @ @ @ @ @ 22 ( Reuters ) – German consumers are counting their pennies rather than returning to shop in large numbers as stores gradually reopen after being locked down during the coronavirus crisis , the national retailers association said on Wednesday .
Stores of up to 800 square metres ( 8,600 square feet ) were allowed to open again from Monday , along with car and bicycle dealers and bookstores , provided they adhere to strict social distancing and hygiene rules .
But the HDE association said the mood among shoppers remained very subdued due @ @ @ @ @ @ @ “ Consumers are in a crisis mode , consumer sentiment is in the doldrums , ” a spokesman said .
In some parts of Europe ’ s biggest economy , larger stores have also been allowed to open , such as furniture and homeware chain Ikea in the western state of North Rhine Westphalia .

Brussels (AFP) – The eurozone economy is suffering an “unprecedented” collapse according to a PMI index released Thursday by analysis firm IHS Markit.
“The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken to contain the coronavirus outbreak,” it said.
The company’s purchasing manager’s index (PMI) dived to a record low of 13.5 in April, from the previous all-time low of 29.7 in March, confirming private sector gloom that is savaging the 19-nation eurozone.
A reading below 50 signals a contraction.
news.yahoo.com/eurozone-economy-suffers-unprecedented-collapse-093032734–finance.html
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BERLIN, April 22 (Reuters) – German consumers are counting their pennies rather than returning to shop in large numbers as stores gradually reopen after being locked down during the coronavirus crisis, the national retailers association said on Wednesday.
Stores of up to 800 square metres (8,600 square feet) were allowed to open again from Monday, along with car and bicycle dealers and bookstores, provided they adhere to strict social distancing and hygiene rules.
But the HDE association said the mood among shoppers remained very subdued due to concerns about jobs and finances. “Consumers are in a crisis mode, consumer sentiment is in the doldrums,” a spokesman said.
In some parts of Europe’s biggest economy, larger stores have also been allowed to open, such as furniture and homeware chain Ikea in the western state of North Rhine Westphalia.
news.trust.org/item/20200422135508-j6g0r


investmentwatchblog--2020-04-23--AOC says workers should boycott the reopening of the economy… Dem in Congress admits blocking money

AOC says workers should boycott the reopening of the economy… Dem in Congress admits blocking money for workers to gain political ‘leverage’

The stupid just keeps getting deeper with this IDIOT !
Dem in Congress admits blocking money for workers to gain @ @ @ @ @ House Democrat admitted she and her progressive colleagues are blocking relief to small businesses to @ @ @ @ @ far-left agenda .
In a virtual news conference Monday with progressive lawmakers and activists , @ @ @ @ @ D-Wash. , insisted illegal immigrants should receive coronavirus relief , The Blaze reported .
“ @ @ @ @ @ what ’ s in the package yet , we only know what ’ s been @ @ @ @ @ during the # PutPeopleFirst conference .
“ But I think what you ’ re hearing @ @ @ @ @ the call is that we have real concerns about giving away leverage now without getting @ @ @ @ @ need .
”

The stupid just keeps getting deeper with this IDIOT!
Dem in Congress admits blocking money for workers to gain political ‘leverage’
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A House Democrat admitted she and her progressive colleagues are blocking relief to small businesses to gain leverage to advance their far-left agenda.
In a virtual news conference Monday with progressive lawmakers and activists, U.S. Rep. Pramila Jayapal, D-Wash., insisted illegal immigrants should receive coronavirus relief, The Blaze reported.
“We don’t know what’s in the package yet, we only know what’s been reported,” Jayapal said during the #PutPeopleFirst conference.
“But I think what you’re hearing from all of us on the call is that we have real concerns about giving away leverage now without getting some of the priorities we need.”
AC


investmentwatchblog--2020-04-23--The Deep State Globalist Establishment and The Democrat Media Complex remain set on destroying Trump

The Deep State Globalist Establishment and The Democrat Media Complex remain set on destroying Trump by any means necessary.

Nancy Still Pushing the Russian Collusion Narrative in the MSM ( Sigh ) Tom Fitton : It ’ s time @ @ @ @ @ , called SPYGATE , that fraudulently prosecuted candidate/president Trump Trump explodes on media : ‘ @ @ @ @ @ news accurately ’

Nancy Still Pushing the Russian Collusion Narrative in the MSM (Sigh)
Tom Fitton: It’s time to prosecute the FBI SEDITION, called SPYGATE, that fraudulently prosecuted candidate/president Trump
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Trump explodes on media: ‘You ought to share the news accurately’
AC


investmentwatchblog--2020-04-23--U.S. Media Fall For Kim Jong Un Rumor From U.S. Government Financed Propaganda Outlet

New on MoA : U.S. Media Fall For Kim Jong Un Rumor From U.S. Government Financed Propaganda Outlett.co/1swG157JpA pic.twitter.com/lFLYXKFd9Y

New on MoA:
U.S. Media Fall For Kim Jong Un Rumor From U.S. Government Financed Propaganda Outlett.co/1swG157JpA pic.twitter.com/lFLYXKFd9Y
— Moon of Alabama (@MoonofA) April 21, 2020


investmentwatchblog--2020-04-23--Employees to Begin Living at Workplaces to Keep Water, Electric Operations Running for Riverside-Imp

Employees to Begin Living at Workplaces to Keep Water, Electric Operations Running for Riverside-Imperial Counties

I ’ m right next door in San Bernadino county .
Wonder how much longer we have water and electricity @ @ @ @ @ Irrigation District employees will live at their workplaces in Riverside and Imperial counties beginning Saturday @ @ @ @ @ the district ’ s water and electrical operations up and running amid the coronavirus pandemic @ @ @ @ @ at keeping employees safe from COVID-19 , and to insure the utility ’ s services @ @ @ @ @ , officials announced on Wednesday .
Thirty-two employees have volunteered to work 12-hour shifts every @ @ @ @ @ Robert Schettler , the district ’ s public information officer , told City News Service @

Not good.
I’m right next door in San Bernadino county.
Wonder how much longer we have water and electricity.
Nearly three dozen Imperial Irrigation District employees will live at their workplaces in Riverside and Imperial counties beginning Saturday in an attempt to keep the district’s water and electrical operations up and running amid the coronavirus pandemic.
The program is aimed at keeping employees safe from COVID-19, and to insure the utility’s services remain operational during the pandemic, officials announced on Wednesday.
Thirty-two employees have volunteered to work 12-hour shifts every day for 21 days, Robert Schettler, the district’s public information officer, told City News Service.