investmentwatchblog--2020-06-11--Physicists set a new record by linking together a hot soup of 15 trillion atoms in a bizarre phenome

Physicists set a new record by linking together a hot soup of 15 trillion atoms in a bizarre phenomenon called quantum entanglement .
The finding could be a major breakthrough for creating more accurate sensors to detect ripples in space-time called gravitational waves or even the elusive dark matter thought to pervade the universe .
Entanglement , a quantum phenomena Albert Einstein famously described as “ spooky action at a distance , ” is a process in which two or more particles become linked and any action performed on one instantaneously affects the others regardless of how far apart they @ @ @ @ @ @ @ of many emerging technologies , such as quantum computing and cryptography .
Entangled states are infamous for being fragile ; their quantum links can be easily broken by the slightest internal vibration or interference from the outside world .
For this reason , scientists attempt to reach the coldest temperatures possible in experiments to entangle jittery atoms ; the lower the temperature , the less likely atoms are to bounce into each other and break their coherence .
For the new study , researchers at the Institute of Photonic Science ( ICFO ) @ @ @ @ @ @ @ opposite approach , heating atoms to millions of times hotter than a typical quantum experiment to see if entanglement could persist in a hot and chaotic environment .
“ Entanglement is one of the most remarkable quantum technologies , but it is famously fragile , ” said Jia Kong , a visiting scientist at ICFO and lead author of the study .
“ Most entanglement-related quantum technology has to be applied in a low-temperature environment , such as a cold atomic system .
This limits the application of entanglement states .
[ Whether @ @ @ @ @ @ @ a hot and messy environment is an interesting question.
” The researchers heated a small glass tube filled with vaporized rubidium and inert nitrogen gas to 350 degrees Fahrenheit ( 177 degrees Celsius ) , coincidentally the perfect temperature to bake cookies .
At this temperature , the hot cloud of rubidium atoms is in a state of chaos , with thousands of atomic collisions taking place every second .
Like billiard balls , the atoms bounce off each other , transferring their energy and spin .
But unlike classical billiards , this @ @ @ @ @ @ @ of the atoms .
In quantum mechanics , spin is a fundamental property of particles , just like mass or electric charge , that gives particles an intrinsic angular momentum .
In many ways , the spin of a particle is analogous to a spinning planet , having both angular momentum and creating a weak magnetic field , called a magnetic moment .
But in the wacky world of quantum mechanics , classical analogies fall apart .
The very notion that particles like protons or electrons are rotating solid objects of size and @ @ @ @ @ @ @ worldview .
And when scientists try to measure a particle ’ s spin , they get one of two answers : up or down .
There are no in-betweens in quantum mechanics .
Fortunately , the tiny magnetic fields created by a particle ’ s spin allow scientists to measure spin in a number of unique ways .
One of those involves polarized light , or electromagnetic waves that oscillate in a single direction .

Physicists set a new record by linking together a hot soup of 15 trillion atoms in a bizarre phenomenon called quantum entanglement. The finding could be a major breakthrough for creating more accurate sensors to detect ripples in space-time called gravitational waves or even the elusive dark matter thought to pervade the universe.
Entanglement, a quantum phenomena Albert Einstein famously described as “spooky action at a distance,” is a process in which two or more particles become linked and any action performed on one instantaneously affects the others regardless of how far apart they are. Entanglement lies at the heart of many emerging technologies, such as quantum computing and cryptography.
Entangled states are infamous for being fragile; their quantum links can be easily broken by the slightest internal vibration or interference from the outside world. For this reason, scientists attempt to reach the coldest temperatures possible in experiments to entangle jittery atoms; the lower the temperature, the less likely atoms are to bounce into each other and break their coherence. For the new study, researchers at the Institute of Photonic Science (ICFO) in Barcelona, Spain, took the opposite approach, heating atoms to millions of times hotter than a typical quantum experiment to see if entanglement could persist in a hot and chaotic environment.
“Entanglement is one of the most remarkable quantum technologies, but it is famously fragile,” said Jia Kong, a visiting scientist at ICFO and lead author of the study. “Most entanglement-related quantum technology has to be applied in a low-temperature environment, such as a cold atomic system. This limits the application of entanglement states. [Whether or not] entanglement can survive in a hot and messy environment is an interesting question.”
The researchers heated a small glass tube filled with vaporized rubidium and inert nitrogen gas to 350 degrees Fahrenheit (177 degrees Celsius), coincidentally the perfect temperature to bake cookies. At this temperature, the hot cloud of rubidium atoms is in a state of chaos, with thousands of atomic collisions taking place every second. Like billiard balls, the atoms bounce off each other, transferring their energy and spin. But unlike classical billiards, this spin does not represent the physical motion of the atoms.
We are primarily funded by readers. Please subscribe and donate to support us!
In quantum mechanics, spin is a fundamental property of particles, just like mass or electric charge, that gives particles an intrinsic angular momentum. In many ways, the spin of a particle is analogous to a spinning planet, having both angular momentum and creating a weak magnetic field, called a magnetic moment. But in the wacky world of quantum mechanics, classical analogies fall apart. The very notion that particles like protons or electrons are rotating solid objects of size and shape doesn’t fit the quantum worldview. And when scientists try to measure a particle’s spin, they get one of two answers: up or down. There are no in-betweens in quantum mechanics.
Fortunately, the tiny magnetic fields created by a particle’s spin allow scientists to measure spin in a number of unique ways. One of those involves polarized light, or electromagnetic waves that oscillate in a single direction.
MORE:
www.space.com/physicists-entangle-15-trillion-hot-atoms.html
h/t STAX


investmentwatchblog--2020-06-11--U.S. Military Occupying America’s Streets In Pictures

Military police in front of the old State House Crispus Attucks killed in front of the old State House “ @ @ @ @ @ I am not , nor ever have been , in favor of bringing about in @ @ @ @ @ political equality of the white and black races , ” Abraham Lincoln began , going @ @ @ @ @ opposed blacks having the right to vote , to serve on juries , to hold @ @ @ @ @ whites .
”

by mapi
Military police in front of the old State House
Crispus Attucks killed in front of the old State House
Cristopher Columbus statue protected by White Minnesota cops
Beheaded Cristopher Columbus statue investigated by Boston cops
White cops protecting Abraham Lincoln statue
“I will say then that I am not, nor ever have been, in favor of bringing about in any way the social and political equality of the white and black races,” Abraham Lincoln began, going on to say that he opposed blacks having the right to vote, to serve on juries, to hold office and to intermarry with whites.”


investmentwatchblog--2020-06-11--Cyber Fraud Lawsuit Reveals Increasing Danger for Most IRAs and 401(k)s

One look on the FBI website reveals many different ways that a criminal could try to access assets in most 401 ( k ) plans , IRAs and pensions .
Data breaches , compromised email accounts , ransomware , and phishing are a few of the many ways you could have part or all of your retirement disappear in the blink of an eye .
According to the FBI , “ Internet crime schemes steal millions of dollars each year from victims and continue to plague the Internet through various methods.
” Obviously , not all of those “ millions @ @ @ @ @ @ @ .
But according to a MarketWatch article from earlier this year , they are quickly becoming a “ hot ” target : A recent “ breach of contract ” filed lawsuit against MandMarblestone Group ( MMG ) and Nationwide revealed some startling security problems .
According to a report on the lawsuit , unknown criminals were able to empty $ 400,000 from the retirement account of Jess Leventhal using what could be a form of “ man in the middle ” attack : The case remains to be finalized as further arguments are @ @ @ @ @ @ @ is certain , digital assets that are in so many IRAs , 401 ( k ) s and pensions can be easily wiped out once full access is granted to a cyber attacker .
And according to another article published in the Milwaukee Sentinel Journal ( MSJ ) earlier this year , it might be tough to get your money back : Not something you would want to hear if your retirement account balance was suddenly reduced by any amount without your knowledge .
And even if your plan administrator offers some form @ @ @ @ @ @ @ , investigations take time .
What Can You Do to Protect Your Account Now ?
The same MSJ article provided some basic advice that everyone should follow to secure their retirement accounts : • Make sure any computer or device used to access accounts is protected by a firewall and has current antivirus and antispyware software .
• Be wary of responding to , opening attachments in or clicking on links in emails that ask for your financial information .
• Open and read any letters or paper statements from your mutual fund @ @ @ @ @ @ @ looks accurate .
You can follow-up this advice by also making sure you check on your accounts often , using strong passwords , and watching what type of information you put on social media .
All good advice to follow , but one nagging problem remains , your assets are still digital 1 ’ s and 0 ’ s on a computer screen .
Add Security to Your Retirement Portfolio by Considering This You can ’ t hold the assets in your retirement plan , but if any of those that are in @ @ @ @ @ @ @ can certainly transfer them fast .
That ’ s not the case with precious metals like gold and silver .
Unlike digital assets or ETFs , they can not be hacked – you can even choose where to store your holdings .
So as part of your retirement security plan , consider tangible assets like precious metals to help bring you peace of mind .

From Birch Gold Group
One look on the FBI website reveals many different ways that a criminal could try to access assets in most 401(k) plans, IRAs and pensions.
Data breaches, compromised email accounts, ransomware, and phishing are a few of the many ways you could have part or all of your retirement disappear in the blink of an eye.
According to the FBI, “Internet crime schemes steal millions of dollars each year from victims and continue to plague the Internet through various methods.”
Obviously, not all of those “millions of dollars” come from retirement accounts. But according to a MarketWatch article from earlier this year, they are quickly becoming a “hot” target:
Bank accounts are a top target for hackers, and retirement accounts may not be far behind. Cybercriminals are moving toward retirement and loan accounts.
A recent “breach of contract” filed lawsuit against MandMarblestone Group (MMG) and Nationwide revealed some startling security problems.
According to a report on the lawsuit, unknown criminals were able to empty $400,000 from the retirement account of Jess Leventhal using what could be a form of “man in the middle” attack:
The criminals “posed electronically” as Leventhal’s office administrator and sent fraudulent withdrawal forms to MMG, which appeared to originate from Leventhal’s office email account. These fraudulent withdrawal forms requested that funds be sent to a bank account that did not belong to Leventhal and had not been previously used by him.
The case remains to be finalized as further arguments are still being made. But one thing is certain, digital assets that are in so many IRAs, 401(k)s and pensions can be easily wiped out once full access is granted to a cyber attacker.
And according to another article published in the Milwaukee Sentinel Journal (MSJ) earlier this year, it might be tough to get your money back:
We are primarily funded by readers. Please subscribe and donate to support us!
Unlike with stolen credit cards, a saver’s losses to fraud in retirement investment accounts aren’t limited by federal law, although mutual fund companies typically say they’ll reimburse funds lost to fraudulent activity.
Not something you would want to hear if your retirement account balance was suddenly reduced by any amount without your knowledge.
And even if your plan administrator offers some form of guarantee that eventually makes you whole, investigations take time.
Which begs the obvious question…
What Can You Do to Protect Your Account Now?
The same MSJ article provided some basic advice that everyone should follow to secure their retirement accounts:
Make sure any computer or device used to access accounts is protected by a firewall and has current antivirus and antispyware software.
Be wary of responding to, opening attachments in or clicking on links in emails that ask for your financial information.
Open and read any letters or paper statements from your mutual fund or money manager to see if everything looks accurate.
You can follow-up this advice by also making sure you check on your accounts often, using strong passwords, and watching what type of information you put on social media.
All good advice to follow, but one nagging problem remains, your assets are still digital 1’s and 0’s on a computer screen.
Add Security to Your Retirement Portfolio by Considering This
You can’t hold the assets in your retirement plan, but if any of those that are in digital form are hacked, a thief can certainly transfer them fast.
That’s not the case with precious metals like gold and silver. Unlike digital assets or ETFs, they cannot be hacked – you can even choose where to store your holdings.
So as part of your retirement security plan, consider tangible assets like precious metals to help bring you peace of mind.


investmentwatchblog--2020-06-11--Crisis “Incubation Phase” – John Hussman Warns It’s Coming “Gradually, & Then Suddenly

1 ) The May jobs “ shocker ” was largely a reflection of CARES coverage of corporate payrolls .
2 ) The gap between Wall Street and Main Street appears similar to the “ incubation phase ” of other major downturns .
3 ) Federal support remains essential , but is best targeted toward preserving the “ circular flow ” of the economy by supporting the basic incomes of families and incentives for productive investment , limited to those actually experiencing economic damage .
4 ) After years of overborrowing to finance stock repurchases ( partly to offset dilution from @ @ @ @ @ @ @ overleveraged coming into this crisis .
Bankruptcies are likely to increase , but the government can support packaged restructurings and bank purchase-and-assumption transactions without bailing out private investors , who agree to accept these risks in a free-enterprise system .
5 ) Fed “ leverage ” of CARES funds to purchase uncollateralized corporate bonds violates FRA 13 ( 3 ) , CARES 4003 ( c ) ( 3 ) ( B ) , and potentially Article 1 Section 8 of the U.S. Constitution .
6 ) Projects that are enabled only by zero @ @ @ @ @ @ @ are speculative and unproductive .
7 ) Improved market internals currently encourage an agnostic near-term outlook ( though not a bullish one ) despite several features that suggest the improvement is fragile .
8 ) Valuations are again near historic extremes .
9 ) Continued dispersion within the U.S. equity market suggests particular risk for richly valued large-cap stocks .
On Friday June 5 , the Bureau of Labor Statistics reported that U.S. nonfarm payrolls jumped by 2.5 million in May , following a ( downwardly revised ) loss of 19.7 million jobs @ @ @ @ @ @ @ a full-tilt , dubstep remix of “ Happy days are here again.
” It was a fitting choice , given that the song was written in 1929 .
Of course , the Great Depression also began with a spectacular financial rebound that bore no relationship to the underlying deterioration on Main Street .
Severe economic recessions often feature what might be called an “ incubation phase , ” where an exuberant rebound from initial stock market losses becomes detached from the quiet underlying deterioration of economic fundamentals and corporate balance sheets .
From @ @ @ @ @ @ @ 1929 , the Dow Jones Industrial Average enjoyed a 48 % rebound , peaking on April 17 , 1930 , followed by an 86 % collapse by July 8 , 1932 ( an overall loss of 89 % from the September 3 , 1929 bull market peak ) .
To understand the apparent jobs report “ shocker , ” a bit of arithmetic may be useful .
As part of the $ 3 trillion CARES economic bailout package , the “ Paycheck Protection Program ” ( PPP ) provides $ 349 billion to @ @ @ @ @ @ @ costs for up to 24 weeks , and is payable regardless of whether employees are actually working or not – so long as they are kept on the payroll .
Now , median personal income in for U.S. workers is about $ 34,000 a year , and 24 weeks amounts to $ 15,700 .
So $ 349 billion of PPP funds essentially covers the paychecks – temporarily – of over 22 million U.S. workers .
In the Household Survey , which is used to calculate the unemployment rate , the Labor Department admitted @ @ @ @ @ @ @ furloughed workers as employed , but did not correct the data , ostensibly “ to avoid the appearance of political manipulation.
” Accordingly , the reported unemployment rate was 13.3 % for the month of May .
The corrected data would show a 16.1 % unemployment rate .
Even that figure does not reflect the 4.7 million workers who have abruptly dropped out of the civilian labor force since March , and are not included because they are not presently looking for work .
To gauge this impact , note that the ratio @ @ @ @ @ @ @ miscounts ) to the March civilian labor force is 0.812 .
So even if every single worker currently counted as “ employed ” would still retain that status without PPP or other CARES funds covering their paycheck , a plausible estimate of the U.S. unemployment rate would still be about 18.8 % .
A New York Times analysis noted that if one includes marginally attached U-6 workers , those working part-time but looking full-time work , and those reporting they want a job but are not currently looking , the unemployment rate would @ @ @ @ @ @ @ that figure can ’ t be directly compared with the headline number , which never includes these categories .
Still , Wall Street was shocked and exuberant that reported employment bounced back by 2.5 million , evidently not giving a moment ’ s thought of what has financed this rebound , nor the fact that this support is impermanent .
What we are observing is not “ recovery , ” it ’ s the impact of a government program that is paying the salaries of employees that are kept on payroll , whether @ @ @ @ @ @ @ One thing that Wall Street does have going for it , however , is that to the extent that companies are still generating revenues , and are paying workers with PPP funds from the government , some portion of the $ 349 billion in PPP funds actually represents a pure subsidy to profit .
That ’ s because forgiveness of these loans is not conditional on whether companies have actually suffered economic damage .
While the PPP program is targeted toward small businesses , some portion of the $ 500 billion slush fund @ @ @ @ @ @ @ , municipalities , and businesses is also likely to feed into profit subsidies – though not enough to offset overall weakness in U.S. corporate earnings .
Many civic-minded members of Congress were distressed at how insistent some legislators were to avoid oversight that could prevent the misuse of public funds .
For a discussion of how future policies can better ensure that economic support goes to families and businesses that have been negatively affected , rather than subsidizing corporate profits , extraordinary compensation , and private investment losses , see the economic policy @ @ @ @ @ @ @ comment .
Part of the current enthusiasm of investors seems to be the idea that the stock market typically reaches its low before the economy does ( though this was certainly not true of the 2001 recession ) .
On the idea that the second quarter of 2020 will be the low point for the economy , there is a superficial sensibility in “ looking over the valley.
” The problem is that post-recession bull markets typically begin at valuations about 40 % of those we observe at present .
Investors make the @ @ @ @ @ @ @ stock market essentially went nowhere between 1918 and 1920 despite the Spanish Flu pandemic , and then launched into a bull market that extended for nearly a decade .
What this argument fails to observe is that market valuations between 1918 and 1920 stood at less than a quarter of current levels , representing the most steeply undervalued period in U.S. history .
So yes , if the U.S. stock market loses three-quarters of its value from current levels , I expect that stocks would become fairly resilient in response to additional negative @ @ @ @ @ @ @ extended bull market from those levels .
It ’ s sometimes said that “ risk happens fast.
” Yet underlying financial damage often has a long and quiet incubation phase , which is why Hemingway , in The Sun Also Rises , described bankruptcy as occurring “ gradually and then suddenly.
” The current “ incubation phase ” is reminiscent of 2008 .
Early that year , AIG admitted that it could not “ reliably quantify ” its losses .
In March , Bear Stearns failed .
The Associated Press published an article @ @ @ @ @ @ @ Reserve , including Bernanke ’ s creation of “ Maiden Lane ” shell companies to absorb bad mortgage-backed debt ( which at least represented collateralized debt , unlike the uncollateralized corporate debt the Fed is illegally purchasing today ) .
The article quoted Richard Fuld , the CEO of Lehman Brothers , who argued that this intervention , “ from my perspective , takes the liquidity issue for the entire industry off the table.
” Clearly , it did not remove the solvency issue .
After the failure of Bear Stearns , after @ @ @ @ @ @ @ fully recognized , and after the Federal Reserve and the U.S. Treasury had already launched unprecedented interventions , the S & P 500 advanced in May 2008 to a level that was within 9 % of its October 2007 peak , on the notion that all of the bad news had been “ discounted.
” The S & P 500 then lost 53 % of its value .
The same sort of slow incubation characterized the financial markets in May 2001 .
An economic recession had already started two months earlier , and @ @ @ @ @ @ @ in a bear market for over a year .
But as the S & P 500 rebounded within 14 % of the March 2000 bubble peak , the Wall Street Journal observed “ Though economists are expecting this year to be the economy ’ s worst since 1991 , only a tiny percentage think the economy is in a recession.
” The S & P 500 would lose an additional 40 % of its value by October 2002 , and the technology-heavy Nasdaq 100 would lose an additional 60 % of its value @ @ @ @ @ @ @ to 83 % .
In the face of a breathtaking disconnect between Main Street and Wall Street , largely based on overconfidence in free money , my sense is that there remains a crisis ahead that will emerge “ gradually and then suddenly.
” It is important to allow for that possibility , but nothing in our investment discipline relies on that outcome .
It is enough to simply align our investment stance with prevailing , observable conditions – primarily valuations and market internals – and to shift our outlook as the evidence @ @ @ @ @ @ @ me well know that I ’ ve had three mentors in my life ; two of them , Jimmy Carter and my teacher Thich Nhat Hanh , who I ’ ve been blessed to call my friends ; and Dr. King , who our nation rightly celebrates this week ( and who , to close the circle , long ago nominated Thich Nhat Hanh for the Nobel Peace Prize ) .
Among the many things they ’ ve all taught , and stood for , is that the person we might call our @ @ @ @ @ @ @ in a way that we may not understand – perhaps from hatred , ignorance , fear , or perceptions of injustice – and that the only path to reconciliation is to encourage each to understand and address the suffering of the other .
It ’ s always possible to do that in a way that is consistent with our own security .
My sense is that the peace of our world , and the civility of our nation , is at risk because people don ’ t really trust that idea .
They @ @ @ @ @ @ @ adversary is someone to be insulted , and attacked , and ultimately destroyed .
That ’ s the behavior that they see modeled for them ; encouraged to ignore our interconnectedness – that all of us are empty of a separate self , and full of causes and conditions that are common to our humanity .
We become a stronger nation and a better world when each of us feels heard – and I don ’ t mean just when “ we ” feel heard and respected , but also when whomever we @ @ @ @ @ @ @ and respected .
It ’ s often imagined that peace is the result of sufficiently crushing one ’ s opponent ; of inflicting so much injury and suffering that they surrender .
There ’ s little doubt that conflicts can be ended in this way , but only at terrific cost , and with deep scars that feed later hatreds and conflicts .
Others somehow come to imagine that waging peace requires one to lay down defenseless .
It ’ s just not so .
Peace doesn ’ t mean that one doesn @ @ @ @ @ @ @ from criticism .
Peace doesn ’ t demand the absence of strength .
It asks each side to see and understand the suffering of the other , whether that suffering is rooted in reality or misperception .
It asks us to refrain from needlessly provoking the adversary , or to insult them in order to boost our pride .
It asks us to look to address their suffering in ways that are consistent with our own security .
If peace demands anything from us , it is to refrain from being infected by @ @ @ @ @ @ @

Excerpted from John Hussman’s Market Comment,
Key points
1) The May jobs “shocker” was largely a reflection of CARES coverage of corporate payrolls. 2) The gap between Wall Street and Main Street appears similar to the “incubation phase” of other major downturns. 3) Federal support remains essential, but is best targeted toward preserving the “circular flow” of the economy by supporting the basic incomes of families and incentives for productive investment, limited to those actually experiencing economic damage. 4) After years of overborrowing to finance stock repurchases (partly to offset dilution from stock-based compensation), many corporations were overleveraged coming into this crisis. Bankruptcies are likely to increase, but the government can support packaged restructurings and bank purchase-and-assumption transactions without bailing out private investors, who agree to accept these risks in a free-enterprise system. 5) Fed “leverage” of CARES funds to purchase uncollateralized corporate bonds violates FRA 13(3), CARES 4003(c)(3)(B), and potentially Article 1 Section 8 of the U.S. Constitution. 6) Projects that are enabled only by zero interest rates are most likely projects that are speculative and unproductive. 7) Improved market internals currently encourage an agnostic near-term outlook (though not a bullish one) despite several features that suggest the improvement is fragile. 8) Valuations are again near historic extremes. 9) Continued dispersion within the U.S. equity market suggests particular risk for richly valued large-cap stocks.
Incubation phase
On Friday June 5, the Bureau of Labor Statistics reported that U.S. nonfarm payrolls jumped by 2.5 million in May, following a (downwardly revised) loss of 19.7 million jobs in April, sending Wall Street on a full-tilt, dubstep remix of “Happy days are here again.” It was a fitting choice, given that the song was written in 1929. Of course, the Great Depression also began with a spectacular financial rebound that bore no relationship to the underlying deterioration on Main Street.
Severe economic recessions often feature what might be called an “incubation phase,” where an exuberant rebound from initial stock market losses becomes detached from the quiet underlying deterioration of economic fundamentals and corporate balance sheets. From the post-crash low of November 13, 1929, the Dow Jones Industrial Average enjoyed a 48% rebound, peaking on April 17, 1930, followed by an 86% collapse by July 8, 1932 (an overall loss of 89% from the September 3, 1929 bull market peak).
To understand the apparent jobs report “shocker,” a bit of arithmetic may be useful. As part of the $3 trillion CARES economic bailout package, the “Paycheck Protection Program” (PPP) provides $349 billion to small businesses, which can cover payroll costs for up to 24 weeks, and is payable regardless of whether employees are actually working or not – so long as they are kept on the payroll. Now, median personal income in for U.S. workers is about $34,000 a year, and 24 weeks amounts to $15,700. So $349 billion of PPP funds essentially covers the paychecks – temporarily – of over 22 million U.S. workers.
In the Household Survey, which is used to calculate the unemployment rate, the Labor Department admitted that survey takers mistakenly counted 4.9 million furloughed workers as employed, but did not correct the data, ostensibly “to avoid the appearance of political manipulation.” Accordingly, the reported unemployment rate was 13.3% for the month of May. The corrected data would show a 16.1% unemployment rate.
Even that figure does not reflect the 4.7 million workers who have abruptly dropped out of the civilian labor force since March, and are not included because they are not presently looking for work. To gauge this impact, note that the ratio of May civilian employment (corrected for miscounts) to the March civilian labor force is 0.812. So even if every single worker currently counted as “employed” would still retain that status without PPP or other CARES funds covering their paycheck, a plausible estimate of the U.S. unemployment rate would still be about 18.8%.
A New York Times analysis noted that if one includes marginally attached U-6 workers, those working part-time but looking full-time work, and those reporting they want a job but are not currently looking, the unemployment rate would be 27.0% here. However, that figure can’t be directly compared with the headline number, which never includes these categories.
Still, Wall Street was shocked and exuberant that reported employment bounced back by 2.5 million, evidently not giving a moment’s thought of what has financed this rebound, nor the fact that this support is impermanent. What we are observing is not “recovery,” it’s the impact of a government program that is paying the salaries of employees that are kept on payroll, whether they are actually working or not.
One thing that Wall Street does have going for it, however, is that to the extent that companies are still generating revenues, and are paying workers with PPP funds from the government, some portion of the $349 billion in PPP funds actually represents a pure subsidy to profit. That’s because forgiveness of these loans is not conditional on whether companies have actually suffered economic damage.
While the PPP program is targeted toward small businesses, some portion of the $500 billion slush fund provided to the U.S. Treasury for states, municipalities, and businesses is also likely to feed into profit subsidies – though not enough to offset overall weakness in U.S. corporate earnings.
Many civic-minded members of Congress were distressed at how insistent some legislators were to avoid oversight that could prevent the misuse of public funds. For a discussion of how future policies can better ensure that economic support goes to families and businesses that have been negatively affected, rather than subsidizing corporate profits, extraordinary compensation, and private investment losses, see the economic policy section of last month’s market comment.
Severe economic recessions often feature what might be called an “incubation phase,” where an exuberant rebound from initial stock market losses becomes detached from the quiet underlying deterioration of economic fundamentals and corporate balance sheets.
Part of the current enthusiasm of investors seems to be the idea that the stock market typically reaches its low before the economy does (though this was certainly not true of the 2001 recession). On the idea that the second quarter of 2020 will be the low point for the economy, there is a superficial sensibility in “looking over the valley.” The problem is that post-recession bull markets typically begin at valuations about 40% of those we observe at present.
We are primarily funded by readers. Please subscribe and donate to support us!
Investors make the same mistake when they observe that the stock market essentially went nowhere between 1918 and 1920 despite the Spanish Flu pandemic, and then launched into a bull market that extended for nearly a decade. What this argument fails to observe is that market valuations between 1918 and 1920 stood at less than a quarter of current levels, representing the most steeply undervalued period in U.S. history. So yes, if the U.S. stock market loses three-quarters of its value from current levels, I expect that stocks would become fairly resilient in response to additional negative developments, and would likely enjoy an extended bull market from those levels.
Gradually, then suddenly
It’s sometimes said that “risk happens fast.” Yet underlying financial damage often has a long and quiet incubation phase, which is why Hemingway, in The Sun Also Rises, described bankruptcy as occurring “gradually and then suddenly.”
The current “incubation phase” is reminiscent of 2008. Early that year, AIG admitted that it could not “reliably quantify” its losses. In March, Bear Stearns failed. The Associated Press published an article discussing the unprecedented interventions by the Federal Reserve, including Bernanke’s creation of “Maiden Lane” shell companies to absorb bad mortgage-backed debt (which at least represented collateralized debt, unlike the uncollateralized corporate debt the Fed is illegally purchasing today). The article quoted Richard Fuld, the CEO of Lehman Brothers, who argued that this intervention, “from my perspective, takes the liquidity issue for the entire industry off the table.” Clearly, it did not remove the solvency issue.
After the failure of Bear Stearns, after strains in the subprime loan market were fully recognized, and after the Federal Reserve and the U.S. Treasury had already launched unprecedented interventions, the S&P 500 advanced in May 2008 to a level that was within 9% of its October 2007 peak, on the notion that all of the bad news had been “discounted.” The S&P 500 then lost 53% of its value.
The market reaction to the unemployment numbers today is our Bear Stearns ‘systemic risk is off the table’ moment.
– Ben Hunt, Epsilon Theory, June 5, 2020
The same sort of slow incubation characterized the financial markets in May 2001. An economic recession had already started two months earlier, and the S&P 500 had been in a bear market for over a year. But as the S&P 500 rebounded within 14% of the March 2000 bubble peak, the Wall Street Journal observed “Though economists are expecting this year to be the economy’s worst since 1991, only a tiny percentage think the economy is in a recession.” The S&P 500 would lose an additional 40% of its value by October 2002, and the technology-heavy Nasdaq 100 would lose an additional 60% of its value, bringing its overall bear market loss to 83%.
It’s sometimes said that ‘risk happens fast.’ Yet underlying financial damage often has a long and quiet incubation phase, which is why Hemingway described bankruptcy as occurring ‘gradually and then suddenly.’
In the face of a breathtaking disconnect between Main Street and Wall Street, largely based on overconfidence in free money, my sense is that there remains a crisis ahead that will emerge “gradually and then suddenly.” It is important to allow for that possibility, but nothing in our investment discipline relies on that outcome. It is enough to simply align our investment stance with prevailing, observable conditions – primarily valuations and market internals – and to shift our outlook as the evidence shifts.
…
Those of you who know me well know that I’ve had three mentors in my life; two of them, Jimmy Carter and my teacher Thich Nhat Hanh, who I’ve been blessed to call my friends; and Dr. King, who our nation rightly celebrates this week (and who, to close the circle, long ago nominated Thich Nhat Hanh for the Nobel Peace Prize). Among the many things they’ve all taught, and stood for, is that the person we might call our adversary is another human being, suffering in a way that we may not understand – perhaps from hatred, ignorance, fear, or perceptions of injustice – and that the only path to reconciliation is to encourage each to understand and address the suffering of the other. It’s always possible to do that in a way that is consistent with our own security.
My sense is that the peace of our world, and the civility of our nation, is at risk because people don’t really trust that idea. They’ve come to believe that an adversary is someone to be insulted, and attacked, and ultimately destroyed. That’s the behavior that they see modeled for them; encouraged to ignore our interconnectedness – that all of us are empty of a separate self, and full of causes and conditions that are common to our humanity. We become a stronger nation and a better world when each of us feels heard – and I don’t mean just when “we” feel heard and respected, but also when whomever we call “they” also feel heard and respected.
It’s often imagined that peace is the result of sufficiently crushing one’s opponent; of inflicting so much injury and suffering that they surrender. There’s little doubt that conflicts can be ended in this way, but only at terrific cost, and with deep scars that feed later hatreds and conflicts. Others somehow come to imagine that waging peace requires one to lay down defenseless. It’s just not so. Peace doesn’t mean that one doesn’t defend oneself, or refrain from criticism. Peace doesn’t demand the absence of strength. It asks each side to see and understand the suffering of the other, whether that suffering is rooted in reality or misperception. It asks us to refrain from needlessly provoking the adversary, or to insult them in order to boost our pride. It asks us to look to address their suffering in ways that are consistent with our own security. If peace demands anything from us, it is to refrain from being infected by hatred. Dr. King recognized that:
“Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. I have decided to stick with love. Hate is too great a burden to bear.”
…read more here.


investmentwatchblog--2020-06-11--The Jobs Report Misunderstanding in a Nutshell: NO V-Shaped Recovery in Sight

The first graph gives you a glimpse of the “ huge jobs rebound ” that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren ’ t looking past the headlines .
The second graph below shows you what a tiny difference that made to the total number of jobs that were lost : In broader context , that looks like this : The first graph is the number of jobs added or lost in a month .
April saw a net loss of 20.5 million jobs ( and that is a very @ @ @ @ @ @ @ net gain of 2.5 million .
So the change one month was negative , and the change the next month positive .
It looks , when graphed like that , to be a full recovery in a month , but it ’ s just a switch from a big plunge on the negative side of the graph to a small uptick in one step .
However , May ’ s gain is only 10 % of what was lost even by these most conservative estimates , and May ’ s report included a @ @ @ @ @ @ @ and March , some people who were not at work during the entire reference week for reasons related to the coronavirus … were misclassified as employed but not at work… .
5.4 million people were included in the “ other reasons ” category… .
BLS analysis of the underlying data suggests that this group included workers affected by the pandemic response who should have been classified as unemployed on temporary layoff… .
BLS and the Census Bureau are investigating why this misclassification error continues to occur and are making changes for the June @ @ @ @ @ @ @ recorded as employed but not at work for the entire survey reference week had been classified as “ unemployed on temporary layoff , ” the overall unemployment rate would have been higher than reported… .
4.9 million workers who were included in the “ other reasons ” category should have been classified as unemployed on temporary layoff .
If these workers were instead considered unemployed on temporary layoff , the number of unemployed people in May ( on a not seasonally adjusted basis ) would increase by 4.9 million from 20.5 million to @ @ @ @ @ @ @ for May would be 16.1 percent ( not seasonally adjusted ) , compared with the official estimate of 13.0 percent ( not seasonally adjusted ) .
[ Note that `` unemployment ” is a different number than `` total nonfarm payroll , ” but BLS indicates this error affected the `` total nonfarm payroll , ” too . ]
Moreover , May ’ s rehires benefited from the CARES Paycheck Protection Program that put people back on payroll , not so much from economic improvement .
In terms of total job recovery , @ @ @ @ @ @ @ way to go .
June will take us up a lot more than May , but still nowhere near the top .
After that , the graph will flatten out to a much slower rise , or it may fall if COVID-19 sticks its head up again , as it is likely to do .
We won ’ t see the second graph get up to where it was all year and probably not all of next year , but we may see it start to slowly go back down toward the end @ @ @ @ @ @ @ the shutdown begins to show up in more business closures and the next tier of layoffs that may come for management in downsized businesses .
The amount of economic recovery achieved for May , when Trump started opening up the economy , looks like this for the services sector : Less than half so far .
And like this for manufacturing : Less than a third .
Of course , many states are phasing in the reopening , but that is just one more reason it won ’ t be anything close to @ @ @ @ @ @ @ nice minor V-shaped bounce , but you have to chop off nine-tenths of the first down leg of the “ V ” to make it look like a “ V ” and not a backward checkmark .
So , check that one off .
Not happening .
Look around your local economy .
It ’ s anecdotal , but already around my area some local businesses have announced they won ’ t reopen ever .
Some national businesses have also announced that for their local stores .
The local mall is set to @ @ @ @ @ @ @ boarded up before it closed for the Coronacrisis .
I ’ ll bet within a month of the time it reopens , we now see it is 20 % boarded up because some of those businesses that were still running before the Coronacrisis , were struggling just like those that had already closed .
They won ’ t likely be reopening .
And that will leave the mall profitless for the remainder of the year and probably longer .
There is no V-shaped recovery in the graphs above , and there won ’ @ @ @ @ @ @ @ employment data for total jobs either .
Mark my word .
Checkmark it in honor of the backward-checkmark recovery so far .
Come back here and tell me all about it if my economic prediction is wrong : There will be NO V-shaped recovery for the economy .
( And don ’ t mistake the stock market for the economy — a classic error — because the stock market is , after all , stupid . )

by David Haggith
The first graph gives you a glimpse of the “huge jobs rebound” that shocked the stock market into spurting past its 200 DMA barriers because retail investors and algos aren’t looking past the headlines.
The second graph below shows you what a tiny difference that made to the total number of jobs that were lost:
Some recovery, huh?
In broader context, that looks like this:
Why the dramatic difference?
The first graph is the number of jobs added or lost in a month. April saw a net loss of 20.5 million jobs (and that is a very conservative figure). May saw a net gain of 2.5 million. So the change one month was negative, and the change the next month positive. It looks, when graphed like that, to be a full recovery in a month, but it’s just a switch from a big plunge on the negative side of the graph to a small uptick in one step.
However, May’s gain is only 10% of what was lost even by these most conservative estimates, and May’s report included a large mistake:
As happened in April and March, some people who were not at work during the entire reference week for reasons related to the coronavirus … were misclassified as employed but not at work…. 5.4 million people were included in the “other reasons” category…. BLS analysis of the underlying data suggests that this group included workers affected by the pandemic response who should have been classified as unemployed on temporary layoff…. BLS and the Census Bureau are investigating why this misclassification error continues to occur and are making changes for the June collection…. If the workers who were recorded as employed but not at work for the entire survey reference week had been classified as “unemployed on temporary layoff,” the overall unemployment rate would have been higher than reported…. 4.9 million workers who were included in the “other reasons” category should have been classified as unemployed on temporary layoff. If these workers were instead considered unemployed on temporary layoff, the number of unemployed people in May (on a not seasonally adjusted basis) would increase by 4.9 million from 20.5 million to 25.4 million…. The resulting unemployment rate for May would be 16.1 percent (not seasonally adjusted), compared with the official estimate of 13.0 percent (not seasonally adjusted). BLS
Oops.
[Note that “unemployment” is a different number than “total nonfarm payroll,” but BLS indicates this error affected the “total nonfarm payroll,” too.]
Moreover, May’s rehires benefited from the CARES Paycheck Protection Program that put people back on payroll, not so much from economic improvement.
In terms of total job recovery, we’ve clearly got a long way to go. June will take us up a lot more than May, but still nowhere near the top. After that, the graph will flatten out to a much slower rise, or it may fall if COVID-19 sticks its head up again, as it is likely to do. We won’t see the second graph get up to where it was all year and probably not all of next year, but we may see it start to slowly go back down toward the end of summer as the domino effect of the shutdown begins to show up in more business closures and the next tier of layoffs that may come for management in downsized businesses.
We are primarily funded by readers. Please subscribe and donate to support us!
Here’s the amount of actual economic recovery:
The amount of economic recovery achieved for May, when Trump started opening up the economy, looks like this for the services sector:
Less than half so far.
And like this for manufacturing:
Less than a third.
Of course, many states are phasing in the reopening, but that is just one more reason it won’t be anything close to V-shaped, though it restarted with a nice minor V-shaped bounce, but you have to chop off nine-tenths of the first down leg of the “V” to make it look like a “V” and not a backward checkmark.
So, check that one off. Not happening.
Look around your local economy.
It’s anecdotal, but already around my area some local businesses have announced they won’t reopen ever. Some national businesses have also announced that for their local stores.
The local mall is set to reopen. It was already 10% boarded up before it closed for the Coronacrisis. I’ll bet within a month of the time it reopens, we now see it is 20% boarded up because some of those businesses that were still running before the Coronacrisis, were struggling just like those that had already closed. They won’t likely be reopening. And that will leave the mall profitless for the remainder of the year and probably longer.
There is no V-shaped recovery in the graphs above, and there won’t be after next month’s employment data for total jobs either. Mark my word. Checkmark it in honor of the backward-checkmark recovery so far.
Come back here and tell me all about it if my economic prediction is wrong: There will be NO V-shaped recovery for the economy. (And don’t mistake the stock market for the economy — a classic error — because the stock market is, after all, stupid.)


investmentwatchblog--2020-06-11--3 Best Ways to Invest in Yourself – A Guide for the Modern Gentleman

The best investment that anyone can make is related to improving themselves .
The concept of investing in one ’ s own self is even more important for men who need to show their independence , masculinity , and ability to take care of themselves , and maybe their needs and that of their family in the future .
Keep in mind that it is never a selfish act to care for and invest in yourself .
It is significant because it is the secret to developing sustainable wealth .
It is mainly because your own self is the most @ @ @ @ @ @ @ can invest in yourself through various means , among which are learning new skills , personal or professional development , and boosting your creativity .
It allows you to give something important to yourself first before you can start sharing yourself with others .
By taking the time and exerting effort in honing your talents and gifts as well as your entire self , you can serve others better .
Your decision to invest in yourself is all about loving yourself .
It is the key to nurturing yourself so you can love @ @ @ @ @ @ @ investing in yourself ?
Focus on these three important steps .
Care for your body and mind The best investment you can make for yourself is nurturing and caring for both your body and mind .
By improving your mental and physical health , you can develop better mental and physical endurance .
You will become stronger and energetic .
Aside from that , you will also become more compassionate , creative , and knowledgeable about the things around you .
To nurture your mind , invest in those things that will let @ @ @ @ @ @ @ to keep your mind active .
That way , you can always maintain your good mental health .
Some of the things you can do to nurture your mind and keep it busy are : • None Reading – Make sure to dedicate some time to reading .
It will open up your eyes and mind to many things .
• None Learning about different cultures – You can do that by traveling , participating in cultural performances , or being part of groups and organizations with members who have various backgrounds .
@ @ @ @ @ @ @ your mind active by engaging in meaningful conversations and debates .
• None Doing brain training activities and games – Some of these are word games and board games .
You can also make use of your brain by doing simple calculations on your head instead of using a calculator .
Your body also needs as much nurturing as that of your brain .
You have to work hard to improve your physical health to ensure that it will serve its purpose .
Taking care of your body is also the key to @ @ @ @ @ @ @ thing that you can do for your body is to eat healthy foods .
Stick to a highly nutritious diet to ensure that you will always have the energy for the things that men like you need to do .
Exercise regularly , too .
You should also prevent your body from being too exposed to stress .
Give yourself enough time to relax and rest every now and then .
Avoid overloading your system by not taking too many tasks and jobs that you can handle .
The main goal is to @ @ @ @ @ @ @ only stress it out and damage it .
Investing in and nurturing your body also means you have to make improvements in the way you look .
Aside from focusing on your body internally , take care of your outer appearance , too .
It is not self-indulgent and vain to develop your physical attributes .
It is a great investment since the way you look can also raise your confidence .
For instance , you should spend on getting a good haircut .
It is also good to invest in clothes that @ @ @ @ @ @ @ confidence .
If you love to grow a beard because you feel like it can improve your masculinity , appeal , and attractiveness , then invest in beard grooming products .
Use the best beard oil that you can find to groom and maintain your facial hair .
Another way to invest in yourself as a man is to try achieving financial independence .
You can do that by creating multiple streams of income .
Invest in anything that you think can make you more financially free .
Take risks , although you @ @ @ @ @ @ @ also calculated and well-thought-out .
Instead of just relying on a single income , you have to learn new ways to earn more .
For instance , you can have a full-time job while also earning passive income on the side .
One of the best ways to earn passive income is affiliate marketing .
You may also earn by investing in the stock market , building your own business , and renting properties .
Just make sure to look for those that you enjoy doing .
Your goal is to become more @ @ @ @ @ @ @ money from all possible sources .
Investing in yourself is also all about determining your skills and talents then spending time , effort , and probably a bit of money , honing them .
Fortunately , it is not that hard to expand your knowledge and improve your skills nowadays that everyone has easy access to information .
One thing you can do for skills improvement and development is advancing your education by gaining relevant certifications and taking advanced degrees and extra classes .
You can now take such classes either online or @ @ @ @ @ @ @ advantage of any skills training introduced to you .
Participate in workshops , conferences , and webinars , among many others .
Reading anything that you think can improve your knowledge is also advisable .
Aside from that , you need to stay updated with the most recent advancements and trends in your industry .
By investing in skills development , you can go a long way in terms of your career .
Do not be afraid to invest in yourself .
In this time and age , a man with substance has @ @ @ @ @ @ @ By deciding to invest in yourself , your life will change for the better .
It is also the key to delivering the best performance and attaining success regardless of the road you decided to take .
Disclaimer : This content does not necessarily represent the views of IWB .

The best investment that anyone can make is related to improving themselves. The concept of investing in one’s own self is even more important for men who need to show their independence, masculinity, and ability to take care of themselves, and maybe their needs and that of their family in the future.
Keep in mind that it is never a selfish act to care for and invest in yourself. It is significant because it is the secret to developing sustainable wealth. It is mainly because your own self is the most vital source of your wealth. You can invest in yourself through various means, among which are learning new skills, personal or professional development, and boosting your creativity.
It allows you to give something important to yourself first before you can start sharing yourself with others. By taking the time and exerting effort in honing your talents and gifts as well as your entire self, you can serve others better. Your decision to invest in yourself is all about loving yourself. It is the key to nurturing yourself so you can love others.
But how can you start investing in yourself? Focus on these three important steps.
Care for your body and mind
The best investment you can make for yourself is nurturing and caring for both your body and mind. By improving your mental and physical health, you can develop better mental and physical endurance. You will become stronger and energetic. Aside from that, you will also become more compassionate, creative, and knowledgeable about the things around you.
To nurture your mind, invest in those things that will let you learn something new. Find ways to keep your mind active. That way, you can always maintain your good mental health. Some of the things you can do to nurture your mind and keep it busy are:
Reading – Make sure to dedicate some time to reading. It will open up your eyes and mind to many things.
Learning about different cultures – You can do that by traveling, participating in cultural performances, or being part of groups and organizations with members who have various backgrounds.
Engaging in conversations – Keep your mind active by engaging in meaningful conversations and debates.
Doing brain training activities and games – Some of these are word games and board games. You can also make use of your brain by doing simple calculations on your head instead of using a calculator.
Your body also needs as much nurturing as that of your brain. You have to work hard to improve your physical health to ensure that it will serve its purpose. Taking care of your body is also the key to making it last longer. The best thing that you can do for your body is to eat healthy foods. Stick to a highly nutritious diet to ensure that you will always have the energy for the things that men like you need to do.
Exercise regularly, too. You should also prevent your body from being too exposed to stress. Give yourself enough time to relax and rest every now and then. Avoid overloading your system by not taking too many tasks and jobs that you can handle. The main goal is to avoid abusing your body as it might only stress it out and damage it.
Investing in and nurturing your body also means you have to make improvements in the way you look. Aside from focusing on your body internally, take care of your outer appearance, too. It is not self-indulgent and vain to develop your physical attributes. It is a great investment since the way you look can also raise your confidence.
We are primarily funded by readers. Please subscribe and donate to support us!
For instance, you should spend on getting a good haircut. It is also good to invest in clothes that look good on you and raise your confidence. If you love to grow a beard because you feel like it can improve your masculinity, appeal, and attractiveness, then invest in beard grooming products. Use the best beard oil that you can find to groom and maintain your facial hair.
Create multiple income streams
Another way to invest in yourself as a man is to try achieving financial independence. You can do that by creating multiple streams of income. Invest in anything that you think can make you more financially free. Take risks, although you have to make sure that those are also calculated and well-thought-out.
Instead of just relying on a single income, you have to learn new ways to earn more. For instance, you can have a full-time job while also earning passive income on the side. One of the best ways to earn passive income is affiliate marketing.
You may also earn by investing in the stock market, building your own business, and renting properties. Just make sure to look for those that you enjoy doing. Your goal is to become more financially stable and ensure that you have money from all possible sources.
Develop your skills
Investing in yourself is also all about determining your skills and talents then spending time, effort, and probably a bit of money, honing them. Fortunately, it is not that hard to expand your knowledge and improve your skills nowadays that everyone has easy access to information.
One thing you can do for skills improvement and development is advancing your education by gaining relevant certifications and taking advanced degrees and extra classes. You can now take such classes either online or in person. You should also take advantage of any skills training introduced to you. Participate in workshops, conferences, and webinars, among many others.
Reading anything that you think can improve your knowledge is also advisable. Aside from that, you need to stay updated with the most recent advancements and trends in your industry. By investing in skills development, you can go a long way in terms of your career.
Do not be afraid to invest in yourself. In this time and age, a man with substance has the highest chance of achieving success. By deciding to invest in yourself, your life will change for the better. It is also the key to delivering the best performance and attaining success regardless of the road you decided to take.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-06-12--It Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…

Protesters in Seattle decided that they were going to give us a living , breathing example of how the world should really operate .
The police were completely kicked out of a six block area of downtown Seattle , and armed guards were posted at all the entrances to the “ Capital Hill Autonomous Zone ” in order to make sure that their “ utopia ” would not be interrupted .
At first , people were dancing and singing in the streets , free food was being passed out to everyone , gardens were being started , and free movies @ @ @ @ @ @ @ stars .
It was such a glorious beginning for “ CHAZ ” , but within hours major problems began to develop .
The protesters wanted to show everyone how compassionate they could be , and so they invited Seattle ’ s homeless population to share their free food .
Well , it turns out that the homeless people grabbed more of the food than they should have , and that created quite a crisis… Yes , she was being quite serious .
If you live near CHAZ and you have extra “ vegan @ @ @ @ @ @ @ soy products , etc.
” laying around , there are some really hungry radicals that would really appreciate the help .
But please don ’ t bring them anything that has been heavily processed because that will just make them angry , and if you try to give them anything that contains real meat that could potentially set off a riot .
In addition to a looming food shortage , residents of CHAZ are also dealing with a leadership crisis .
Now that all the police are gone , it was just a @ @ @ @ @ @ @ charge , and the person that has taken charge is a “ heavily-armed ” rapper named Raz Simone… Somehow Simone was able to get his hands on an AK-47 , and even though we keep being told that these are “ peaceful protests ” , Simone has told those under his command that what they are facing “ is war ” … Before this stunt , hardly anyone had ever heard of Raz Simone , and I suppose that this is one way to make a name for yourself and sell a lot @ @ @ @ @ @ @ Governor Jay Inslee insisted that he didn ’ t even know that activists had taken over a large section of downtown Seattle .
Later on , he changed his tune , and now he is saying that he is hoping for a peaceful resolution .
And hopefully that is precisely what we will see , but for now the protesters appear to be determined to dig in for the long haul .
Needless to say , President Trump is not amused by any of this .
In fact , he is warning that @ @ @ @ @ @ @ CHAZ , he will do it himself… It is hard to believe that this is actually happening in America .
But as I keep warning , what we have seen so far is just the beginning .
As economic conditions deteriorate , Americans are just going to get even angrier and even more frustrated .
On Thursday , we learned that another 1.5 million Americans filed new claims for unemployment benefits last week… This wasn ’ t supposed to happen .
Once states started reopening , the tsunami of job losses was supposed @ @ @ @ @ @ @ to see Americans lose their jobs at a pace that is far beyond anything we have ever witnessed in all of U.S. history .
As I keep reminding my readers , the all-time record for a single week prior to this year was just 695,000 .
So until we get below that level , nobody should even think of using the word “ recovery ” to describe what is happening .
The truth is that the U.S. economy continues to fall apart all around us , and at this point even the New @ @ @ @ @ @ @ been done “ to millions of interconnections ” throughout our economic system… If you think that the anger that we have experienced so far is something , just wait until you see what is coming in the years ahead .
We have entered a very disturbing new chapter in U.S. history , and events are beginning to spiral out of control .
Tens of millions of Americans have already lost their jobs , and the very generous unemployment bonuses that they have been getting are set to expire at the end of July @ @ @ @ @ @ @ is on the horizon , a long , hot summer awaits us , and this is an election year .
All of that adds up to big trouble , and more major societal turmoil could be sparked at any moment .

by Michael Snyder
Protesters in Seattle decided that they were going to give us a living, breathing example of how the world should really operate. The police were completely kicked out of a six block area of downtown Seattle, and armed guards were posted at all the entrances to the “Capital Hill Autonomous Zone” in order to make sure that their “utopia” would not be interrupted. At first, people were dancing and singing in the streets, free food was being passed out to everyone, gardens were being started, and free movies were being played at night under the stars. It was such a glorious beginning for “CHAZ”, but within hours major problems began to develop.
The protesters wanted to show everyone how compassionate they could be, and so they invited Seattle’s homeless population to share their free food.
Well, it turns out that the homeless people grabbed more of the food than they should have, and that created quite a crisis…
Yes, she was being quite serious.
If you live near CHAZ and you have extra “vegan meat substitutes, fruits, oats, soy products, etc.” laying around, there are some really hungry radicals that would really appreciate the help.
But please don’t bring them anything that has been heavily processed because that will just make them angry, and if you try to give them anything that contains real meat that could potentially set off a riot.
In addition to a looming food shortage, residents of CHAZ are also dealing with a leadership crisis. Now that all the police are gone, it was just a matter of time before someone else took charge, and the person that has taken charge is a “heavily-armed” rapper named Raz Simone…
Seattle’s new “autonomous zone” – a six-block area established by protesters after the police and National Guard pulled out of city’s Capitol Hill neighborhood – now has a ‘heavily-armed’ warlord, and he’s already enforcing his streets. Soundcloud rapper Raz Simone and his entourage have claimed the Capitol Hill Autonomous Zone (CHAZ) as their territory – and have already been filmed regulating when a man wouldn’t stop spraying graffiti over an urban art installation, telling him “We are the police of this community now!”
Somehow Simone was able to get his hands on an AK-47, and even though we keep being told that these are “peaceful protests”, Simone has told those under his command that what they are facing “is war”…
Simone, a local rapper with an AK-47 slung from his shoulder and a pistol attached to his hip, screamed, “This is war!” into a white-and-red megaphone and instructed armed paramilitaries to guard the barricades in shifts.
Before this stunt, hardly anyone had ever heard of Raz Simone, and I suppose that this is one way to make a name for yourself and sell a lot of records.
A SoundCloud rapper becoming the warlord in an Antifa insurgency-controlled autonomous zone in Seattle is proof we live in a simulation. pic.twitter.com/E15y65kj7K — Ian Miles Cheong (@stillgray) June 11, 2020
At first, Washington Governor Jay Inslee insisted that he didn’t even know that activists had taken over a large section of downtown Seattle.
Later on, he changed his tune, and now he is saying that he is hoping for a peaceful resolution.
And hopefully that is precisely what we will see, but for now the protesters appear to be determined to dig in for the long haul.
We are primarily funded by readers. Please subscribe and donate to support us!
Watch this news segment to better understand what is happening in the Seattle neighborhood occupied by far-left extremists. @GovInslee said he wasn’t aware this was even happening. #antifa #BlackLivesMatter pic.twitter.com/zWufjJU5kA — Andy Ngô (@MrAndyNgo) June 11, 2020
Needless to say, President Trump is not amused by any of this.
In fact, he is warning that if local officials do not shut down CHAZ, he will do it himself…
President Trump issued a demand for Democratic controlled Seattle to be brought back under order immediately, as Antifa anarchists claimed control of a six-block zone and a police station. “Radical Left Governor [of Washington, Jay Inslee] and the Mayor of Seattle are being taunted and played at a level that our great Country has never seen before,” Trump tweeted late on Wednesday. “Take back your city NOW. If you don’t do it, I will. This is not a game. These ugly Anarchists must be stooped [sic] IMMEDIATELY. MOVE FAST!’” he continued.
It is hard to believe that this is actually happening in America.
But as I keep warning, what we have seen so far is just the beginning. As economic conditions deteriorate, Americans are just going to get even angrier and even more frustrated.
On Thursday, we learned that another 1.5 million Americans filed new claims for unemployment benefits last week…
About 1.5 million Americans filed first-time applications for unemployment insurance last week, the Labor Department said Thursday. That pushes the tally of those who have made initial claims – a rough measure of layoffs – over the past 12 weeks to a staggering 44.1 million.
This wasn’t supposed to happen. Once states started reopening, the tsunami of job losses was supposed to stop, but instead we continue to see Americans lose their jobs at a pace that is far beyond anything we have ever witnessed in all of U.S. history.
As I keep reminding my readers, the all-time record for a single week prior to this year was just 695,000. So until we get below that level, nobody should even think of using the word “recovery” to describe what is happening.
The truth is that the U.S. economy continues to fall apart all around us, and at this point even the New York Times is admitting that damage has been done “to millions of interconnections” throughout our economic system…
The fabric of the economy has been ripped, with damage done to millions of interconnections — between workers and employers, companies and their suppliers, borrowers and lenders. Both the historical evidence from severe economic crises and the data available today point to enormous delayed effects. “There’s a lot of denial here, as there was in the 1930s,” said Eric Rauchway, a historian at the University of California, Davis, who has written extensively about the Great Depression. “At the beginning of the Depression, nobody wanted to admit that it was a crisis. The actions the government took were not adequate to the scope of the problem, yet they were very quick to say there had been a turnaround.”
If you think that the anger that we have experienced so far is something, just wait until you see what is coming in the years ahead.
We have entered a very disturbing new chapter in U.S. history, and events are beginning to spiral out of control.
Tens of millions of Americans have already lost their jobs, and the very generous unemployment bonuses that they have been getting are set to expire at the end of July.
A great deal of economic pain is on the horizon, a long, hot summer awaits us, and this is an election year.
All of that adds up to big trouble, and more major societal turmoil could be sparked at any moment.


investmentwatchblog--2020-06-12--#MacroView: The Great Divide Between Stocks & The Economy

The optimistic view currently is that stocks have it right .
Such was a point made in a recent CNBC interview with Ed Yardeni : I want to come back to this point in a moment , but we need some historical context .
While the media is a bit ecstatic with the markets rise , I disagree with Yardeni a bit .
Historically when stocks have deviated from the underlying economy , the resolution has always been lower stock prices .
There is a close relationship between the economy , earnings , and asset prices over time .
The @ @ @ @ @ @ @ to 1947 with an estimate for 2020 using the latest data points .
Since 1947 , earnings per share have grown at 6.21 % , while the economy has expanded by 6.47 % annually .
That close relationship in growth rates should be logical , particularly given the significant role that consumer spending has in the GDP equation .
Stocks Vs .
The Economy , Which Is Right ?
While over short periods , the stock market often detaches from underlying economic activity , this is due to psychology as investors latch onto @ @ @ @ @ @ @ ” Unfortunately , it never is .
While not as precise , a correlation between economic activity and the rise and fall of equity prices does remain .
In 2000 , and again in 2008 , as economic growth declined , corporate earnings contracted by 54 % and 88 % , respectively .
Such was despite calls of never-ending earnings growth before both previous contractions .
As earnings disappointed , stock prices adjusted by nearly 50 % to realign valuations with both weaker than expected current earnings and slower future earnings growth .
@ @ @ @ @ @ @ detached from reality , looking at past earnings contractions , suggests it won ’ t be the case for long .
The relationship becomes more evident when looking at the annual change in stock prices relative to the yearly GDP change .
Again , since stock prices are driven in part by the “ psychology ” of market participants , there can be periods where markets become detached from fundamentals .
However , where history disagrees with Yardeni , fundamentals never play “ catch up ” with stock prices .
As Mr. Yardeni @ @ @ @ @ @ @ the economy will quickly recover , bringing earnings growth back .
Bolstering that view was last Friday ’ s employment report which CNBC continues to tout : It was certainly good news at the headline .
Unfortunately , the report was rife with errors that suggest the “ real ” unemployment rate is markedly higher .
There was a significant decrease in the sample rate of households , which sharply increases the margin of error in the report .
More importantly , there was a miscalculation of the data in the report : @ @ @ @ @ @ @ the unemployment rate for both April and May , it reveals the ugly truth .
In other words , the unemployment rate was 16.3 % using their data , which suggests the number of unemployed is closer to 26 million .
If my numbers are close to correct , there will be implications to earnings and profits .
Furthermore , there is a difference between a one-time bump and an economic recovery based on growing economic activity .
While “ hope ” is high , the virus is behind us , there will @ @ @ @ @ @ @ vaccine will be available by year-end , and more stimulus is on the way ; there are many issues which can go wrong .
Like this : I am certain the economy will not be “ locked down ” a second time regardless of the severity of the outbreak .
Politicians have learned their lesson .
As Steve Mnuchin said on Thursday : However , the risk is a secondary infection will deter consumers from returning to the economy .
The partial reopening of the economy did lead to some hiring last month @ @ @ @ @ @ @ a skeleton crew with a limited opening is one thing .
Getting back to full-employment , which will require substantially increased demand , is quite another .
Importantly , the government ’ s Paycheck Protection Program ( PPP ) certainly boosted employment in May .
However , while the program “ encouraged businesses to keep people on payroll , ” if demand doesn ’ t return before the money runs out , layoffs will rise .
JOLTS May Have It Looking at the latest Job Opening and Labor Turnover Survey ( JOLTS ) @ @ @ @ @ @ @ initial rehiring may be a one-time bump .
The same was the case in the areas that saw the biggest jumps in employment last month .
In other words , businesses have rehired the workers they need , but may not be hiring any more for a while .
Such was further confirmed by another 1.5 million individuals filing for initial unemployment claims last week .
While initial claims from unemployment are falling , such is expected as employers reach the limits of staffing needed to remain in business .
However , these @ @ @ @ @ @ @ forthcoming bankruptcies ensue and PPP ends .
The COVID-19 pandemic has triggered one of the most severe global recessions in nearly a century and will leave the world scarred for years .
Such was the warning from the Organization for Economic Cooperation and Development ( OECD ) on Wednesday .
Their warning , based upon the expectations of a “ second-wave ” of the virus , would derail the initial economic bounce .
The OECD offered two forecasts for global growth : • The assumption a second wave of the coronavirus arrives in @ @ @ @ @ @ @ , • A strict social distancing measures is enough to avoid the emergence of new virus cases and deaths .
The OECD forecasts global growth will plunge by 7.6 % in 2020 , and “ remain well short ” of its growth activity levels from 2019 , suggesting no V-shaped recovery .
If a second wave can is avoided , the world economy will contract by 6 % in 2020 , and again fail to recover to pre-corona levels by the end of 2021 .
The OECD makes the case for either a @ @ @ @ @ @ @ W-shaped ” recovery .
Both are well short of current expectations , but align with our analysis from last week : While such a recovery would be welcomed , it is not enough to support stronger employment , wage growth , or corporate earnings .
Here is the issue missed by the majority of mainstream economists .
If our analysis is correct , which agrees with the OECD and the World Bank , such would suggest President Trump ’ s pumping of a V-shaped recovery is overly optimistic .
Importantly , the markets @ @ @ @ @ @ @ .
The economic destruction playing out in real-time will eventually weigh on markets .
There is a negative feedback loop between employment and consumption .
As unemployment rises , consumption falls due to a lack of income .
Since businesses operate based on demand for goods and services , the correlation between PCE , fixed investment , and employment are high .
As noted , even with the reopening of the economy , businesses will not immediately return to full operational activity , until consumption returns to normalized levels .
Such will frustrate @ @ @ @ @ @ @ ’ t just the economic data that will be horrid over the next few months , but earnings will likely be just as bad .
Earnings can not live in isolation from the economy .
As shown below , corporate profits ebb and flow with economic activity .
You shouldn ’ t dismiss the fact markets are deviated from long-term earnings .
Historically , such deviations don ’ t work out well for overly “ bullish ” investors .
The correlation is more evident when looking at the market versus the ratio of @ @ @ @ @ @ @ since corporate profits are ultimately a function of economic growth , the correlation is not unexpected .
Hence , neither should the impending reversion in both series .
The detachment of the stock market from underlying profitability guarantees poor future outcomes for investors .
But , as has always been the case , the markets can certainly seem to “ remain irrational longer than logic would predict.
” However , such detachments never last indefinitely .
There are a tremendous number of things that can go wrong in the months ahead .
Such @ @ @ @ @ @ @ against a depressionary economy .
While investors cling to the “ hope ” that the Fed has everything under control , there is more than a reasonable chance they don ’ t .
Regardless , there is one truth about stocks and the economy .

by Lance Roberts
“There is a ‘Great Divide’ happening between the near ‘depressionary’ economy versus a surging bull market in stocks. Given the relationship between the two, they both can’t be right.” – May 12th.
The optimistic view currently is that stocks have it right. Such was a point made in a recent CNBC interview with Ed Yardeni:
“The market has been a ray of sunshine. Basically investors are convinced that we’ll get out of this, and the economy will recover along with earnings. So far, that forecast seems to be working out pretty well. The economy may very well be catching up with the stock market rather than the stock market going off on its own.”
I want to come back to this point in a moment, but we need some historical context.
Relationship Between Stocks & Economy
While the media is a bit ecstatic with the markets rise, I disagree with Yardeni a bit. Historically when stocks have deviated from the underlying economy, the resolution has always been lower stock prices.
There is a close relationship between the economy, earnings, and asset prices over time. The chart below compares the three going back to 1947 with an estimate for 2020 using the latest data points.
Since 1947, earnings per share have grown at 6.21%, while the economy has expanded by 6.47% annually. That close relationship in growth rates should be logical, particularly given the significant role that consumer spending has in the GDP equation.
Stocks Vs. The Economy, Which Is Right?
While over short periods, the stock market often detaches from underlying economic activity, this is due to psychology as investors latch onto the belief “this time is different.”
Unfortunately, it never is.
While not as precise, a correlation between economic activity and the rise and fall of equity prices does remain. In 2000, and again in 2008, as economic growth declined, corporate earnings contracted by 54% and 88%, respectively. Such was despite calls of never-ending earnings growth before both previous contractions.
As earnings disappointed, stock prices adjusted by nearly 50% to realign valuations with both weaker than expected current earnings and slower future earnings growth. While the stock market is once again detached from reality, looking at past earnings contractions, suggests it won’t be the case for long.
The relationship becomes more evident when looking at the annual change in stock prices relative to the yearly GDP change.
Again, since stock prices are driven in part by the “psychology” of market participants, there can be periods where markets become detached from fundamentals. However, where history disagrees with Yardeni, fundamentals never play “catch up” with stock prices.
Stocks Running Of Bad Economic Data
As Mr. Yardeni noted, the market is hopeful that the economy will quickly recover, bringing earnings growth back. Bolstering that view was last Friday’s employment report which CNBC continues to tout:
“The Bureau of Labor Statistics’ latest release trounced expectations, revealing the unemployment rate dipped to 13.3% from 14.7% while economists anticipated a jump to roughly 20%. Payrolls increased by more than 2.5 million, beating estimates for a 7.5 million decline.”
It was certainly good news at the headline. Unfortunately, the report was rife with errors that suggest the “real” unemployment rate is markedly higher.
There was a significant decrease in the sample rate of households, which sharply increases the margin of error in the report.
BLS In Error
More importantly, there was a miscalculation of the data in the report:
The drop in the unemployment rate is due precisely to the substantial decrease in the labor force. Since February, according to the BLS, 6.3 million people have decided they no longer wanted to work. Such is substantially more than would be expected even based on the massive increase in unemployment. Therefore, if we adjust for the labor force, and count the extra 4.9 million people who were “not at work for other reasons,” the “realistic unemployment rate” was 17.1 percent in May. While that number is down from April, it is still higher than any other unemployment rate in over 70 years. (But the 13.3% number was as well.)
From the BLS:
“There were also a large number of workers classified as employed but absent from work. As was the case in March and April, household survey interviewers are instructed to classify employed persons absent from work due to coronavirus-related business closures as unemployed on temporary layoff. However, not all such workers were so classified. If the workers were classified as unemployed on temporary layoff, the overall unemployment rate would be about 3 percentage points higher than reported (on a not seasonally adjusted basis).
If we make the proper adjustments to the unemployment rate for both April and May, it reveals the ugly truth.
In other words, the unemployment rate was 16.3% using their data, which suggests the number of unemployed is closer to 26 million.
If my numbers are close to correct, there will be implications to earnings and profits.
One Time Bump May Fade Quickly
Furthermore, there is a difference between a one-time bump and an economic recovery based on growing economic activity.
“The labor market data suggested an economic recovery is arriving sooner than expected and revived hopes for a V-shaped trendline for gross domestic product.” – Yardeni
While “hope” is high, the virus is behind us, there will be no “second-wave,” a vaccine will be available by year-end, and more stimulus is on the way; there are many issues which can go wrong. Like this:
I am certain the economy will not be “locked down” a second time regardless of the severity of the outbreak. Politicians have learned their lesson. As Steve Mnuchin said on Thursday:
However, the risk is a secondary infection will deter consumers from returning to the economy.
We are primarily funded by readers. Please subscribe and donate to support us!
The partial reopening of the economy did lead to some hiring last month, but going from zero staff to a skeleton crew with a limited opening is one thing. Getting back to full-employment, which will require substantially increased demand, is quite another.
Importantly, the government’s Paycheck Protection Program (PPP) certainly boosted employment in May. However, while the program “encouraged businesses to keep people on payroll,” if demand doesn’t return before the money runs out, layoffs will rise.
JOLTS May Have It
Looking at the latest Job Opening and Labor Turnover Survey (JOLTS), openings continue to decline suggesting the initial rehiring may be a one-time bump.
The same was the case in the areas that saw the biggest jumps in employment last month. In other words, businesses have rehired the workers they need, but may not be hiring any more for a while.
Such was further confirmed by another 1.5 million individuals filing for initial unemployment claims last week. While initial claims from unemployment are falling, such is expected as employers reach the limits of staffing needed to remain in business. However, these numbers could rise as the wave of forthcoming bankruptcies ensue and PPP ends.
Economy May Disappoint
“We’ve been talking about the ‘V’ — this is better than a ‘V’. This is a rocket ship.” – President Trump “Real GDP could be down 40% to 50% in the second quarter. But the worse it is in the second quarter, the greater the likelihood we’ll see something like a 20% increase in the third quarter.” – Yardeni.
The COVID-19 pandemic has triggered one of the most severe global recessions in nearly a century and will leave the world scarred for years. Such was the warning from the Organization for Economic Cooperation and Development (OECD) on Wednesday.
Their warning, based upon the expectations of a “second-wave” of the virus, would derail the initial economic bounce. The OECD offered two forecasts for global growth:
The assumption a second wave of the coronavirus arrives in the back half of 2020; and, A strict social distancing measures is enough to avoid the emergence of new virus cases and deaths.
The OECD forecasts global growth will plunge by 7.6% in 2020, and “remain well short” of its growth activity levels from 2019, suggesting no V-shaped recovery. If a second wave can is avoided, the world economy will contract by 6% in 2020, and again fail to recover to pre-corona levels by the end of 2021.
The OECD makes the case for either a “Nike Swoosh” or a “W-shaped” recovery. Both are well short of current expectations, but align with our analysis from last week:
Recovery To Nowhere
“However, the “return to economic normality” faces immense challenges. High rates of unemployment, suppressed wages, and elevated debt levels, makes a “V-shaped” recovery unlikely. Such is where the “math” becomes problematic. A 50% drawdown in Q2, requires a 100% recovery to return to even. In the more optimistic recovery scenario detailed above, two-quarters of record recovery rates still leave the economy running in a deep recession.”
“Even if the economy achieves high recovery rates, it won’t change the recession. The resulting 2.5% economic deficit will remain one of the deepest in history.”
While such a recovery would be welcomed, it is not enough to support stronger employment, wage growth, or corporate earnings.
Here is the issue missed by the majority of mainstream economists.
“Before the “Financial Crisis,” the economy had a linear growth trend of real GDP of 3.2%. Following the 2008 recession, the growth rate dropped to the exponential growth trend of roughly 2.2%. Instead of reducing the debt problems, unproductive debt, and leverage increased.”
If our analysis is correct, which agrees with the OECD and the World Bank, such would suggest President Trump’s pumping of a V-shaped recovery is overly optimistic. Importantly, the markets may suffer disappointment as expectations fall short.
The Stock Market Isn’t The Economy
The economic destruction playing out in real-time will eventually weigh on markets. There is a negative feedback loop between employment and consumption. As unemployment rises, consumption falls due to a lack of income. Since businesses operate based on demand for goods and services, the correlation between PCE, fixed investment, and employment are high.
As noted, even with the reopening of the economy, businesses will not immediately return to full operational activity, until consumption returns to normalized levels. Such will frustrate policy-makers and the Fed.
Profits To GDP
It isn’t just the economic data that will be horrid over the next few months, but earnings will likely be just as bad. Earnings can not live in isolation from the economy. As shown below, corporate profits ebb and flow with economic activity.
You shouldn’t dismiss the fact markets are deviated from long-term earnings. Historically, such deviations don’t work out well for overly “bullish” investors. The correlation is more evident when looking at the market versus the ratio of corporate profits to GDP.
Again, since corporate profits are ultimately a function of economic growth, the correlation is not unexpected. Hence, neither should the impending reversion in both series.
The detachment of the stock market from underlying profitability guarantees poor future outcomes for investors. But, as has always been the case, the markets can certainly seem to “remain irrational longer than logic would predict.”
However, such detachments never last indefinitely.
“Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism. If high profits do not attract competition, there is something wrong with the system, and it is not functioning properly.” – Jeremy Grantham
Reversions Happen Fast
There are a tremendous number of things that can go wrong in the months ahead. Such is particularly the case of surging stocks against a depressionary economy.
While investors cling to the “hope” that the Fed has everything under control, there is more than a reasonable chance they don’t.
Regardless, there is one truth about stocks and the economy.
“Stocks are NOT the economy. But the economy is a reflection of the very thing that supports higher asset prices – corporate profits.”


investmentwatchblog--2020-06-12--Mockingbird media every day for the last four years.

It ’ s almost like people can ’ t take this kind of propaganda blasted in their face non-stop and @ @ @ @ @ re seeing is a result of that .
They ’ ve created the ultimate evil @ @ @ @ @ any means necessary .
We are at war .
Whether you believe that he is @ @ @ @ @ a genuine threat to an agenda , there is little denying that there isn ’ @ @ @ @ @ recent history that even comes close to the level of demonization of the current president @ @ @ @ @ Trump .
Watching people melt down about him on a daily basis just shows how @ @ @ @ @ to focus on one thing .
It has reached such an extent that Trump is @ @ @ @ @ He can be used to rehabilitate your tarnished image simply by opposing him ( e.g @ @ @ @ @ you can turn yourself into a hero as the newest in a line of freedom @ @ @ @

by -Red_Shift-
It’s almost like people can’t take this kind of propaganda blasted in their face non-stop and the mass hysteria we’re seeing is a result of that. They’ve created the ultimate evil that must be vanquished by any means necessary. We are at war.
Whether you believe that he is controlled opposition, or is a genuine threat to an agenda, there is little denying that there isn’t a figure in our recent history that even comes close to the level of demonization of the current president of the U.S., Donald Trump.
Watching people melt down about him on a daily basis just shows how easily people can be made to focus on one thing. It has reached such an extent that Trump is the ultimate PR weapon; He can be used to rehabilitate your tarnished image simply by opposing him (e.g. Bush), or you can turn yourself into a hero as the newest in a line of freedom fighters against him.
www.washingtonpost.com/opinions/donald-trumps-terrible-horrible-no-good-very-bad-america/2016/07/22/0d508ca8-4ffe-11e6-aa14-e0c1087f7583_story.html
www.cbsnews.com/news/donald-trump-gop-convention-speech/
www.nbcnews.com/politics/2016-election/donald-trump-takes-america-journey-dark-side-n614661
We are primarily funded by readers. Please subscribe and donate to support us!
www.cnbc.com/2016/07/22/trumps-emotional-and-dark-message-how-it-will-play-out.html
www.rollingstone.com/politics/politics-news/watch-donald-trumps-dark-fear-mongering-rnc-speech-108471/
www.huffpost.com/entry/donald-trumps-dark-and-sc_b_11144940
www.motherjones.com/politics/2016/07/donald-trump-rnc-speech/
www.newyorker.com/news/john-cassidy/donald-trumps-dark-dark-convention-speech
www.thenation.com/article/archive/donald-trumps-angry-dark-speech-caps-off-a-disaster-rnc/
www.bostonglobe.com/opinion/2016/07/21/the-dark-frightening-america-donald-trump/EdUPNQSBYS0QYgwVMbfaTM/story.html


investmentwatchblog--2020-06-12--Why does the media only focus on one group?

Here is the report that shows many cases of Native Americans getting killed by cops , yet they never got @ @ @ @ @ involving African Americans during that same period .
inthesetimes.com/features/native_american_police_killings_native_lives_matter.html Native American women are also dealing @ @ @ @ @ an extraordinary rate such as human trafficking for forced prostitution , murder , and “ @ @ @ @ @ hasn ’ t the media put more attention on the injustice with Native Americans ?

by lboog423
Here is the report that shows many cases of Native Americans getting killed by cops, yet they never got media exposure compared to incidents involving African Americans during
that same period. inthesetimes.com/features/native_american_police_killings_native_lives_matter.html
Native American women are also dealing with more targeted crimes at an extraordinary rate such as human trafficking for forced prostitution, murder, and “missing” cases.
We are primarily funded by readers. Please subscribe and donate to support us!
www.uihi.org/wp-content/uploads/2018/11/Missing-and-Murdered-Indigenous-Women-and-Girls-Report.pdf
Why hasn’t the media put more attention on the injustice with Native Americans?


investmentwatchblog--2020-06-12--Strange subtitles…. Before the interview starts the words “kill yourselves” appear twice will link t

Strange subtitles…. Before the interview starts the words “kill yourselves” appear twice will link the YouTube video.

youtu.be/-2RE7IYuXVo link to the fox news video on YouTube turn cc ( closed captions ) on

by brutishovaadose
We are primarily funded by readers. Please subscribe and donate to support us!
youtu.be/-2RE7IYuXVo link to the fox news video on YouTube turn cc (closed captions) on