investmentwatchblog--2020-07-03--According to the BLS’ own Employment Situation Report for June 2020 the real jobless rate is around

According to the BLS’ own Employment Situation Report for June 2020 the real jobless rate is around 33%

This Thursday the Bureau of Labor Statistics ( BLS ) released it ’ s monthly employment report .
I ’ ve long had a problem with the numbers this government agency puts out .
Over the years they have been brazenly manipulated and much of the data it purports to show isn ’ t much more than a glorified guess .
The report is made up of at least two elements ; first the household survey from which it gets the official unemployment rate ( 11.1 % for June ) and second a so-called establishment survey .
The first is @ @ @ @ @ @ @ in person or telephone survey of US households compiled to figure out what proportion of workers in the labor force are employed .
By contrast the establishment survey is a combination survey and guesstimate .
The first element surveys about 144,000 business establishments and government agencies compared to the about 32,500,000 businesses that used to be estimated to exist in the US ; collecting data on numbers of workers at each firm , their hours worked and earnings .
The second element is essentially a fancy formula used to guess at the number @ @ @ @ @ @ @ in the unsuryed segment of the economy .
( Note : It is likely the number of surveyed firms has also declined with the downturn . )
From here the BLS comes up with an average number of jobs created or destroyed with all of these firms , giving us by far the biggest part of this figure in this survey .
( +4,800,000 in June ) .
But these numbers don ’ t capture the whole picture .
First because they only survey workers considered in the labor force as noted above @ @ @ @ @ @ @ out of work for a period considered too long by the government and thus no longer eligible to collect unemployment benefits are no longer counted as unemployed affecting laborforce participation rate ( 61.5 % ) .
Furthermore this survey propurts to show a significant uptick in leisure and hospitality workers returning to work for the month of June ( +2,100,000 ) making up about two-fifths of the month ’ s supposed job gains .
The magnitude of such an increase is hard to believe given the depressed state of the travel industry , @ @ @ @ @ @ @ of this .
However we should wonder about the sustainability of any such growth given the possibily of a second wave and the impacts such a development could have on that industry .
Examples include the recent reshuttering of bars in all or parts of California , Florida and Texas .
Second all data in this report is SEASONALLY ADJUSTED ; which sounds like a means to take seasonal factors into account when calculating its data , but ts really a practice by which they create long-run averages to compare current data to @ @ @ @ @ @ @ considered growth while any deviation below this average is considered a contraction .
The downside to this is that it can misrepresent the actual situation .
Say the economy ’ s been in a slump for a prolonged period and the average of jobs lost each month is -300,000 .
Then any number above -300,000 , even if still negative at say -100,000 , because it ’ s above the long-run average is still counted as a positive number with 200,000 jobs created in this scenario* .
* While if the number were @ @ @ @ @ @ @ would be ADJUSTED to a loss of merely -100,000 .
The same goes for positive numbers ; with an average of +300,000 jobs a month any number above that , say +400,000 , is ADJUSTED to show a positive 100,000 , while anything below that is considered negative .
For example +200,000 jobs a month is actually ADJUSTED TO A -100,000 .
The same sort of averaging also applies to the unemployment rate .
So we can see how unreliable much of this data is .
Additionally this month the BLS reported that @ @ @ @ @ @ @ is generally collected through in-person and telephone interviews , but personal interviews were not conducted for the safety of interviewers and respondents .
The household survey response rate , at 65 ( -2 from May ) percent , was about 18 percentage points lower than in months prior to the pandemic.
” ( June BLS Report pg.5 ) So the data that gives us the official unemployment rate , while flawed , is also quite incomplete .
Meanwhile “ [ a ] s was the case in March , April , and May @ @ @ @ @ @ @ classify employed persons absent from work due to temporary , coronavirus-related business closures as unemployed on temporary layoff .
BLS and Census Bureau analyses of the underlying data suggest that this group still [ did not ] include .
.
.
some workers affected by the pandemic who should have been classified as unemployed on temporary layoff.
’ “ If the workers who were recorded as employed but absent from work due to ‘ other reasons ’ ( over and above the number absent for other reasons in a typical June ) had @ @ @ @ @ @ @ , the overall unemployment rate would have been about 1 percentage points higher than reported ( on a not seasonally adjusted basis ) .
” ( June BLS Report pg .
5 ) A better if still imperfect measure of the jobs situation can be found in a measure in the BLS report called the Employment-Population Ratio .
This number , if still seasonally adjusted , tries to compare the actual number of people with a job to the entire working age population of the United States .
Unfortunately it fails to take @ @ @ @ @ @ @ at home mothers , who actually are not in the labor force , but in our modern world this is such a rarity that statistically it shouldn ’ t impact the overall data too much .
However neither does it take into account the number of retirees .
This is easily corrected by finding what percent of the population is retired and subtracting it from the remaining number of people without a job .
In this month ’ s BLS report the EMPLOYMENT-POPULATION RATIO IS A SEASONALLY ADJUSTED 54.6 .
THAT MEANS 45.4 @ @ @ @ @ @ @ WITHOUT A JOB .
IF WE SUBTRACT THE ABOUT 14 % OF THE POPULATION THAT RECEIVES SOCIALLY SECURITY WE GET A RATE OF JOBLESSNESS AT 31.4 % .
Though this figure isn ’ t modified to count disabled adults who ’ d like to work , elder workers collecting Social Security but who still have to work , or people who really aren ’ t disabled but added to the Social Security rolls during the Great Recession to keep them out of the unemployment figures .
WHEN WE CONSIDER ALL THESE PEOPLE THE @ @ @ @ @ @ @ PROBABLY NEARER 34.4 .
THAT IS TO SAY ABOUT 34 % OF WORKING AGE AMERICANS ARE WITHOUT A JOB .
This is a far cry from the 11.1 % unemployment rate reported by the government .
Below is a link to this month ’ s employment report for any that are interested .
www.bls.gov/news.release/pdf/empsit.pdf

by Aegidius25
This Thursday the Bureau of Labor Statistics (BLS) released it’s monthly employment report. I’ve long had a problem with the numbers this government agency puts out. Over the years they have been brazenly manipulated and much of the data it purports to show isn’t much more than a glorified guess. The report is made up of at least two elements; first the household survey from which it gets the official unemployment rate (11.1% for June) and second a so-called establishment survey.
The first is just what it sounds like, an in person or telephone survey of US households compiled to figure out what proportion of workers in the labor force are employed. By contrast the establishment survey is a combination survey and guesstimate. The first element surveys about 144,000 business establishments and government agencies compared to the about 32,500,000 businesses that used to be estimated to exist in the US; collecting data on numbers of workers at each firm, their hours worked and earnings. The second element is essentially a fancy formula used to guess at the number of new business establishments created or destroyed in the unsuryed segment of the economy. (Note: It is likely the number of surveyed firms has also declined with the downturn.)
From here the BLS comes up with an average number of jobs created or destroyed with all of these firms, giving us by far the biggest part of this figure in this survey. (+4,800,000 in June). But these numbers don’t capture the whole picture. First because they only survey workers considered in the labor force as noted above. This means workers who have been out of work for a period considered too long by the government and thus no longer eligible to collect unemployment benefits are no longer counted as unemployed affecting laborforce participation rate (61.5%).
Furthermore this survey propurts to show a significant uptick in leisure and hospitality workers returning to work for the month of June (+2,100,000) making up about two-fifths of the month’s supposed job gains. The magnitude of such an increase is hard to believe given the depressed state of the travel industry, though restaruant reopenings could account for some of this. However we should wonder about the sustainability of any such growth given the possibily of a second wave and the impacts such a development could have on that industry. Examples include the recent reshuttering of bars in all or parts of California, Florida and Texas.
Second all data in this report is SEASONALLY ADJUSTED; which sounds like a means to take seasonal factors into account when calculating its data, but ts really a practice by which they create long-run averages to compare current data to. Any deviation above the average is considered growth while any deviation below this average is considered a contraction. The downside to this is that it can misrepresent the actual situation. Say the economy’s been in a slump for a prolonged period and the average of jobs lost each month is -300,000. Then any number above -300,000, even if still negative at say -100,000, because it’s above the long-run average is still counted as a positive number with 200,000 jobs created in this scenario*.* While if the number were really -400,000 for a given month it would be ADJUSTED to a loss of merely -100,000. The same goes for positive numbers; with an average of +300,000 jobs a month any number above that, say +400,000, is ADJUSTED to show a positive 100,000, while anything below that is considered negative. For example +200,000 jobs a month is actually ADJUSTED TO A -100,000. The same sort of averaging also applies to the unemployment rate. So we can see how unreliable much of this data is.
We are primarily funded by readers. Please subscribe and donate to support us!
Additionally this month the BLS reported that “[t]he household survey is generally collected through in-person and telephone interviews, but personal interviews were not conducted for the safety of interviewers and respondents. The household survey response rate, at 65 (-2 from May) percent, was about 18 percentage points lower than in months prior to the pandemic.” (June BLS Report pg.5) So the data that gives us the official unemployment rate, while flawed, is also quite incomplete.
Meanwhile“[a]s was the case in March, April, and May, household survey interviewers were instructed to classify employed persons absent from work due to temporary, coronavirus-related business closures as unemployed on temporary layoff. BLS and Census Bureau analyses of the underlying data suggest that this group still [did not] include . . . some workers affected by the pandemic who should have been classified as unemployed on temporary layoff.’
“If the workers who were recorded as employed but absent from work due to ‘other reasons’ (over and above the number absent for other reasons in a typical June) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 1 percentage points higher than reported (on a not seasonally adjusted basis).” (June BLS Report pg. 5)
A better if still imperfect measure of the jobs situation can be found in a measure in the BLS report called the Employment-Population Ratio. This number, if still seasonally adjusted, tries to compare the actual number of people with a job to the entire working age population of the United States. Unfortunately it fails to take into account the number of say stay at home mothers, who actually are not in the labor force, but in our modern world this is such a rarity that statistically it shouldn’t impact the overall data too much. However neither does it take into account the number of retirees. This is easily corrected by finding what percent of the population is retired and subtracting it from the remaining number of people without a job. In this month’s BLS report the EMPLOYMENT-POPULATION RATIO IS A SEASONALLY ADJUSTED 54.6. THAT MEANS 45.4% OF PEOPLE 22 AND OLDER ARE WITHOUT A JOB. IF WE SUBTRACT THE ABOUT 14% OF THE POPULATION THAT RECEIVES SOCIALLY SECURITY WE GET A RATE OF JOBLESSNESS AT 31.4%.
Though this figure isn’t modified to count disabled adults who’d like to work, elder workers collecting Social Security but who still have to work, or people who really aren’t disabled but added to the Social Security rolls during the Great Recession to keep them out of the unemployment figures. WHEN WE CONSIDER ALL THESE PEOPLE THE ACTUAL REMAINDER FROM THE EMPLOYMENT-POPULATION RATIO IS PROBABLY NEARER 34.4. THAT IS TO SAY ABOUT 34% OF WORKING AGE AMERICANS ARE WITHOUT A JOB. This is a far cry from the 11.1% unemployment rate reported by the government.
Below is a link to this month’s employment report for any that are interested. www.bls.gov/news.release/pdf/empsit.pdf


investmentwatchblog--2020-07-03--Uber’s former Chief Business Officer on Postmates: “At $2.4B it is unclear how Uber benefits, as a c

Uber’s former Chief Business Officer on Postmates: “At $2.4B it is unclear how Uber benefits, as a combined entity would improve its market position in just one major city, Los Angeles. There are likely better ways for Uber to spend $2.4B it feels a little expensive.”

is reportedly interested in acquiring rival Postmates for $ 2.4 billion .
The company ’ s former Chief Business Officer @ @ @ @ @ on Fox Business to talk about the deal and the general state of the food @ @ @ @ @ Uber Acquiring Postmates : Postmates is ranked fourth in the food delivery market , and @ @ @ @ @ — but only at the right price , Michael said .
At a price of @ @ @ @ @ is unclear how Uber benefits , as a combined entity would improve its market position @ @ @ @ @ , he said : Los Angeles .
There are likely better ways for Uber to @ @ @ @ @ as this price tag “ feels a little expensive .
”

www.benzinga.com/media/20/07/16472169/ubers-ex-chief-business-officer-isnt-a-fan-of-reported-postmates-deal
is reportedly interested in acquiring rival Postmates for $2.4 billion. The company’s former Chief Business Officer Emil Michael was a guest on Fox Business to talk about the deal and the general state of the food delivery business.
Michael On Uber Acquiring Postmates: Postmates is ranked fourth in the food delivery market, and an acquisition would make sense — but only at the right price, Michael said.
At a price of $2.4 billion, it is unclear how Uber benefits, as a combined entity would improve its market position in just one major city, he said: Los Angeles.
There are likely better ways for Uber to spend $2.4 billion, as this price tag “feels a little expensive.”


investmentwatchblog--2020-07-03--Beginning in August, Zillow plans to charge landlords $40/mo per listing.

Edit : I have become aware that Zillow has already launched paid listings in several markets .
I guess it ’ s going well .
2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping .
Record low mortgage rates and flexible remote work policies have led to many buyers but few sellers .
In June , homes were sold at their fastest pace since 2018 .
Both Zillow and Redfin have resumed buying homes through their iBuyer ventures .
Redfin went from laying people off to hiring @ @ @ @ @ @ @ monetizing their rental marketplace by making landlords in certain markets pay $ 40/mo to list vacancies .
If they don ’ t completely drive away landlords with this move , it looks like a smart way to improve margins at a time when landlords are struggling to find tenants and prospective shoppers are doing almost all of their shopping online .
While it ’ s only select markets for now , if it ’ s successful enough I ’ m sure they ’ ll expand the policy to other markets .
Disclaimer : @ @ @ @ @ @ @ .
Do not make any investment decisions based on the information in this article .
Do you own due diligence .

by visvya
Edit: I have become aware that Zillow has already launched paid listings in several markets. I guess it’s going well.
2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping. Record low mortgage rates and flexible remote work policies have led to many buyers but few sellers. In June, homes were sold at their fastest pace since 2018. Both Zillow and Redfin have resumed buying homes through their iBuyer ventures. Redfin went from laying people off to hiring aggressively.
We are primarily funded by readers. Please subscribe and donate to support us!
Now, Zillow is further monetizing their rental marketplace by making landlords in certain markets pay $40/mo to list vacancies.
If they don’t completely drive away landlords with this move, it looks like a smart way to improve margins at a time when landlords are struggling to find tenants and prospective shoppers are doing almost all of their shopping online. While it’s only select markets for now, if it’s successful enough I’m sure they’ll expand the policy to other markets.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-07-03--One can be wondering if the US stock market is at the right place when taking employment levels into

One can be wondering if the US stock market is at the right place when taking employment levels into consideration… @ @ @ @ @ think I 'm alone in expressing concern that unlike the Europeans we did not suspend @ @ @ @ @ to be said for shoring up your capital cushion when it looks like the pandemic @ @ @ @ @ yahoo # QuillIntelligencet.co/2LO7GNpnH3 pic.twitter.com/JYJ4LOcgUQ

One can be wondering if the US stock market is at the right place when taking employment levels into consideration… pic.twitter.com/jG5aXuDXbY
"I don't think I'm alone in expressing concern that unlike the Europeans we did not suspend dividends. There is something to be said for shoring up your capital cushion when it looks like the pandemic is actually worsening"
#yahoo#QuillIntelligencet.co/2LO7GNpnH3 pic.twitter.com/JYJ4LOcgUQ
— Danielle DiMartino Booth (@DiMartinoBooth) July 2, 2020


investmentwatchblog--2020-07-03--One Third Of US GDP At Standstill

One Third Of US GDP At Standstill

Jobless claims in the week of June 27th showed another poor result .
At this rate , it will take months even to fall to the previous record high .
In the past 3 weeks , seasonally adjusted initial claims fell 1.7 % , 3.8 % and 3.7 % .
If claims fall 3.7 % each week , it will take 10 weeks just to get to below 1 million .
The labor market is hardly getting better .
The record high in March 2009 was 665,000 .
It would be a disaster for claims to stay above 1 million @ @ @ @ @ @ @ weakness could be related to the spike in COVID-19 cases .
The number of deaths per day doesn ’ t need to increase for the economy to be disrupted .
Hospitalizations have been increasing .
That ’ s enough to get states to slow their reopening plans and for people to stay indoors .
In this week ’ s report , California had the biggest increase in claims , while Kentucky and Oklahoma had the biggest decreases .
Numerically , initial claims in last week ’ s report were revised up from 1.48 @ @ @ @ @ @ @ claims , including PUAs , were up 5 % in the week of June 20th .
As you can see from the chart above , the recent trend in this calculation is stabilization rather than improvement ( using the past 4 weeks ) .
In the week of June 27th , seasonally adjusted initial claims fell to 1.427 million which was worse than estimates for 1.4 million .
There were 2.3 million total non-seasonally adjusted claims as PUAs only fell 42,000 to 839,000 .
Continued claims were also elevated .
In the week @ @ @ @ @ @ @ up from 19.231 million to 19.29 million which was the first increase since May 23rd ( 4 weeks ago ) .
On a monthly basis , continued claims fell 11 % which is much better than the 29 % increase in May .
The weakening trend is still in its beginning stages .
The weakness might be the combination of the initial boost after the reopenings ending and the increase in new COVID-19 cases in the south and west shutting those economies down .
Interestingly , the states with spikes in COVID-19 cases @ @ @ @ @ @ @ Georgia , and Arizona ) combined are 34 % of America ’ s GDP .
About a third of the economy is headed towards a stand still .
Two Reasons The Recovery Is Slowing According to a national uniform company , the economic rebound has slowed in the past week .
On their conference call on Wednesday , the company stated , “ It ’ s unclear whether this last week , it ’ s only been one week of a little bit lower re-openings , whether that ’ s from some of @ @ @ @ @ @ @ whether we are hitting sort of critical mass with the businesses that remain closed and whether those – some of those maybe longer term fallout .
I think it ’ s a mix of both.
” Which catalyst an optimist would want it to be depends on which factor is more temporary .
If you think COVID-19 will go away quickly , you ’ d want the spike in cases to be the reason for the slowdown .
If you think COVID-19 is a serious problem , you might rather the slowdown be @ @ @ @ @ @ @ re-openings ending .
Obviously , you can also believe neither are temporary .
The easy fruit has already been picked after the reopenings .
Now we must wait for the people who permanently lost their jobs to find one .
We must wait for the stores/restaurants that closed to be reopened by new business owners .
That ’ s a process that could take several quarters if not years .
Consumer spending growth is reversing according to the Chase spending tracker .
As you can see from the chart below , the 7 @ @ @ @ @ @ @ fell from -9.6 % in the week of June 21st to -12.9 % in the week of June 27th .
You can see there have been a few hiccups in the uptrend .
This one looks like a bigger blip than the others .
When you include the obvious negatives that are the renewed shutdowns and the initial spike in economic activity after the reopenings ending , it ’ s clear there are headwinds against growth improving .
Consumers could be spending less in preparation for life without the $ 600 weekly federal @ @ @ @ @ @ @ This Recession Fiscal stimulus came fast and furious in this recession .
It ’ s possible that in the deepest recession in over 100 years , most consumers lost the least income .
The chart below shows total U.S. labor compensation ( the green line ) is still down massively from before the recession because people still haven ’ t gotten their jobs back .
However , when you include unemployment benefits , compensation is already at a new high .
Remember , 68 % of workers made more money not working than @ @ @ @ @ @ @ , some consumers might fear these benefits ending .
The current federal benefits end on July 25th .
A few states like California have extended their state benefits , but losing $ 600 per week is a big deal .
The GOP-led Senate does not want to extend the benefits because they don ’ t want to incentivize people not to work .
Critics of that idea say people would want to go back to work if COVID-19 wasn ’ t a problem .
People want to be safe when they work .
@ @ @ @ @ @ @ will test out the theory that people are only staying home because of added benefits .
Obviously , that puts people in a tough spot .
They are forced to choose between safety and pay .
Even if claims fall dramatically after these federal benefits end , it won ’ t be a victory if people get sick .
On the positive side , the PPP lending program was extended to August 8th .
Businesses can get loans that turn to grants when they hire people .
The GOP is very much in @ @ @ @ @ @ @ if they aren ’ t working ( and the money comes from the government ) .
The monthly consumer sentiment surveys aren ’ t that useful in determining weakness quickly .
The more often the survey data comes out , the better if you are looking for a trend change .
As you can see from the chart below , in late June consumer sentiment started rolling over , with particular weakness seen in those making over $ 50,000 per year .
Jobless claims data has been weak for a few weeks .
@ @ @ @ @ @ @ economy can ’ t afford the recovery to stall out this quickly .
This trend implies the recovery will take much longer than the initial spike off the bottom implied .
Weakness is occurring because the initial spike from states reopening waned .
The easy fruit has been picked .
Weakness is also being catalyzed by the increase in COVID-19 cases in a few states in the south and west which represent about a third of America ’ s GDP .
If the $ 600 in weekly federal unemployment benefits aren ’ t @ @ @ @ @ @ @ for the recovery which is already dealing with lower consumer sentiment .

by UPFINA
Jobless claims in the week of June 27th showed another poor result. At this rate, it will take months even to fall to the previous record high. In the past 3 weeks, seasonally adjusted initial claims fell 1.7%, 3.8% and 3.7%. If claims fall 3.7% each week, it will take 10 weeks just to get to below 1 million. The labor market is hardly getting better. The record high in March 2009 was 665,000. It would be a disaster for claims to stay above 1 million for 10 more weeks. The recent weakness could be related to the spike in COVID-19 cases. The number of deaths per day doesn’t need to increase for the economy to be disrupted. Hospitalizations have been increasing. That’s enough to get states to slow their reopening plans and for people to stay indoors. In this week’s report, California had the biggest increase in claims, while Kentucky and Oklahoma had the biggest decreases.
Another worryingly small decline in initial claims for #unemployment (w-e Jun27) > Jobless claims -55k to still-elevated 1.43mn
> 4wk avg: 1.5mn > PUA claims (NSA): 839k (-42k) Total UI claims+PUA still 2.3mn! > While payrolls +7.5mn in May-June, layoffs are still happening pic.twitter.com/OXOtpP3dzS — Gregory Daco (@GregDaco) July 2, 2020
Numerically, initial claims in last week’s report were revised up from 1.48 million to 1.482 million. Non-seasonally adjusted claims, including PUAs, were up 5% in the week of June 20th. As you can see from the chart above, the recent trend in this calculation is stabilization rather than improvement (using the past 4 weeks). In the week of June 27th, seasonally adjusted initial claims fell to 1.427 million which was worse than estimates for 1.4 million. There were 2.3 million total non-seasonally adjusted claims as PUAs only fell 42,000 to 839,000.
Continued claims were also elevated. In the week of June 20th, continued claims were up from 19.231 million to 19.29 million which was the first increase since May 23rd (4 weeks ago). On a monthly basis, continued claims fell 11% which is much better than the 29% increase in May. The weakening trend is still in its beginning stages. The weakness might be the combination of the initial boost after the reopenings ending and the increase in new COVID-19 cases in the south and west shutting those economies down. Interestingly, the states with spikes in COVID-19 cases (California, Florida, Texas, Georgia, and Arizona) combined are 34% of America’s GDP. About a third of the economy is headed towards a stand still.
Two Reasons The Recovery Is Slowing
According to a national uniform company, the economic rebound has slowed in the past week. On their conference call on Wednesday, the company stated, “It’s unclear whether this last week, it’s only been one week of a little bit lower re-openings, whether that’s from some of these states pausing their reopening efforts or whether we are hitting sort of critical mass with the businesses that remain closed and whether those – some of those maybe longer term fallout. I think it’s a mix of both.”
Which catalyst an optimist would want it to be depends on which factor is more temporary. If you think COVID-19 will go away quickly, you’d want the spike in cases to be the reason for the slowdown. If you think COVID-19 is a serious problem, you might rather the slowdown be related to the initial spike after the re-openings ending. Obviously, you can also believe neither are temporary. The easy fruit has already been picked after the reopenings. Now we must wait for the people who permanently lost their jobs to find one. We must wait for the stores/restaurants that closed to be reopened by new business owners. That’s a process that could take several quarters if not years.
Chase Spending Growth Falls
Consumer spending growth is reversing according to the Chase spending tracker. As you can see from the chart below, the 7 day average of yearly card spending growth fell from -9.6% in the week of June 21st to -12.9% in the week of June 27th.
We are primarily funded by readers. Please subscribe and donate to support us!
"At its peak on June 21, our tracker of card spending in nonrecurring categories was down 9.6% from its level last year at this time, but it has reversed course since last week and is now down 12.9% through June 27” – JPM pic.twitter.com/UHVgoVXyUd — Sam Ro 📈 (@SamRo) July 1, 2020
You can see there have been a few hiccups in the uptrend. This one looks like a bigger blip than the others. When you include the obvious negatives that are the renewed shutdowns and the initial spike in economic activity after the reopenings ending, it’s clear there are headwinds against growth improving. Consumers could be spending less in preparation for life without the $600 weekly federal unemployment benefit.
Compensation Hardly Decreased In This Recession
Fiscal stimulus came fast and furious in this recession. It’s possible that in the deepest recession in over 100 years, most consumers lost the least income. The chart below shows total U.S. labor compensation (the green line) is still down massively from before the recession because people still haven’t gotten their jobs back. However, when you include unemployment benefits, compensation is already at a new high. Remember, 68% of workers made more money not working than they did working.
As we mentioned, some consumers might fear these benefits ending. The current federal benefits end on July 25th. A few states like California have extended their state benefits, but losing $600 per week is a big deal. The GOP-led Senate does not want to extend the benefits because they don’t want to incentivize people not to work.
Critics of that idea say people would want to go back to work if COVID-19 wasn’t a problem. People want to be safe when they work. If no benefits are extended, we will test out the theory that people are only staying home because of added benefits. Obviously, that puts people in a tough spot. They are forced to choose between safety and pay. Even if claims fall dramatically after these federal benefits end, it won’t be a victory if people get sick. On the positive side, the PPP lending program was extended to August 8th. Businesses can get loans that turn to grants when they hire people. The GOP is very much in favor of private businesses paying workers even if they aren’t working (and the money comes from the government).
Consumer Sentiment Weakening
The monthly consumer sentiment surveys aren’t that useful in determining weakness quickly. The more often the survey data comes out, the better if you are looking for a trend change. As you can see from the chart below, in late June consumer sentiment started rolling over, with particular weakness seen in those making over $50,000 per year.
Higher-frequency consumer sentiment from @MorningConsult seems to have peaked & is starting to roll over @SoberLook pic.twitter.com/ksXuVzCNrg — Liz Ann Sonders (@LizAnnSonders) July 1, 2020
Conclusion
Jobless claims data has been weak for a few weeks. It’s increasingly problematic because the economy can’t afford the recovery to stall out this quickly. This trend implies the recovery will take much longer than the initial spike off the bottom implied. Weakness is occurring because the initial spike from states reopening waned. The easy fruit has been picked. Weakness is also being catalyzed by the increase in COVID-19 cases in a few states in the south and west which represent about a third of America’s GDP. If the $600 in weekly federal unemployment benefits aren’t renewed, it could be a disaster for the recovery which is already dealing with lower consumer sentiment.


investmentwatchblog--2020-07-03--Waste of Time to Test Says Mexico as 50% Test Positive

Mexico shuns Covid-19 testing even though Half of All Covid Tests Are Positive .
The sky-high results are easy to explain — though not so easy to fix .
The Latin American nation has stubbornly shunned wide-scale testing and instead runs exams only on the sickest of patients .
Deputy Health Minister Hugo Lopez Gatell in late May said anything more would be “ a waste of time , effort and resources.
” Throughout the pandemic , Mexico and parts of Latin America have reported positivity rates that dwarf anything seen from China to the U.S. , including new trouble @ @ @ @ @ @ @ half of all tests coming back positive , Mexico ties only Bolivia for title of the world ’ s highest rate .
In Argentina and Chile , almost 3 out of every 10 exams lead to a Covid-19 diagnosis .
And in Brazil , where 1.4 million people have been infected , no one knows for sure because the government doesn ’ t release that data .
• Q : What do these numbers suggest ?
• A : Mexico is broke .
It can not afford wide-scale tests nor can it afford @ @ @ @ @ @ @ is why Mexico sticks its head in the sand and pretends “ testing is a waste of time , effort and resources.
” Meanwhile , back in the US , The Recovery Will Have Many Shapes , Not One .
Also note that The Fed Promotes a Quickening that Takes Many Years .

via mishtalk:
Mexico’s health minister says testing is a waste of time as 50% of Covid-19 tests are positive.
Mexico shuns Covid-19 testing even though Half of All Covid Tests Are Positive.
The sky-high results are easy to explain — though not so easy to fix. The Latin American nation has stubbornly shunned wide-scale testing and instead runs exams only on the sickest of patients. Deputy Health Minister Hugo Lopez Gatell in late May said anything more would be “a waste of time, effort and resources.” Throughout the pandemic, Mexico and parts of Latin America have reported positivity rates that dwarf anything seen from China to the U.S., including new trouble spots like Arizona and Texas. With half of all tests coming back positive, Mexico ties only Bolivia for title of the world’s highest rate. In Argentina and Chile, almost 3 out of every 10 exams lead to a Covid-19 diagnosis. And in Brazil, where 1.4 million people have been infected, no one knows for sure because the government doesn’t release that data.
Hey, Why Bother?
Mexico vs Russia vs Germany Population
Population of Mexico: 126.2 Million
Population of Russia: 144.5 Million
Population of Germany: 82.8 Million
Mexico vs Russia vs Germany Tests
We are primarily funded by readers. Please subscribe and donate to support us!
Mexico: 581,580 Tests
Russia: 19,852, 167 Tests
Germany: 5,873,563 Tests
Question of the Day
Q: What do these numbers suggest?
A: Mexico is broke. It cannot afford wide-scale tests nor can it afford to shut down the economy.
That is why Mexico sticks its head in the sand and pretends “testing is a waste of time, effort and resources.”
Mexico is in a terrible no-win situation.
Meanwhile, back in the US, The Recovery Will Have Many Shapes, Not One.
Also note that The Fed Promotes a Quickening that Takes Many Years.
Mish


investmentwatchblog--2020-07-03--Fed has arranged structure that allows them to buy stocks once they announce it.

I ’ ll add this .
Fed has arranged structure that allows them to buy stocks once they announce it @ @ @ @ @ , but first another deflationary wave .
Central Banks will try to inflate away the @ @ @ @ @ will become very cheap in the coming months .
If you don ’ t own @ @ @ @ @ .
If you own some , buy more .
We are going to places where @ @ @ @ @ you have , you ’ ll wish you had more .

I’ll add this. Fed has arranged structure that allows them to buy stocks once they announce it. t.co/mppkhSwGQt
Inflation is coming, but first another deflationary wave. Central Banks will try to inflate away the debt. Gold & Silver will become very cheap in the coming months.
If you don’t own any gold, buy some. If you own some, buy more.
We are going to places where, no matter how much you have, you’ll wish you had more.
Sadly.
— Grant Williams (@ttmygh) July 3, 2020


investmentwatchblog--2020-07-03--Wild Volatility Continues As Us Markets Attempt To Establish New Trend

by Chris Vermeulen of The Technical Traders We ’ ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions .
Throughout the entire months of May and June , we ’ ve seen various economic data points report very mixed results – and in some cases , surprise numbers as a result of the deep economic collapse related to the COVID-19 virus event .
This research post should help to clear things up going forward for most traders/investors .
@ @ @ @ @ @ @ digest these economic data factors into technical and price analysis while determining where and what to trade .
We attempt to identify the “ Best Asset Now ” ( BAN ) for trading based on our proprietary technical analysis and predictive modeling tools .
We also attempt to stay away from excessive risks in the markets .
The reason we adopt this strategy is to help protect assets and to attempt to assist our clients and followers in avoiding sometimes foolish trading decisions that can destroy your account and future .
We are @ @ @ @ @ @ @ P 400 MIDCAP E-Mini Futures , charts today while attempting to illustrate the technical factors that are currently present in the longer-term Weekly and Monthly charts .
Our researchers believe the month of June presented a very clear “ high price peak ” that suggests the US stock markets may have established a “ recovery price high ” in June 2020 .
This high price level reached just above the midpoint of the YELLOW price channel level that originated from the market bottom in 2009 .
This price channel is very important for @ @ @ @ @ @ @ price range that was established over the past 8+ years as a “ trend barrier ” for price .
When that channel was broken in March 2020 , this became the first time since the low ( bottom ) was established in 2009 that we witnessed any significant breach of the lower YELLOW price channel .
It also indicated a substantial disruption in the markets was taking place – the COVID-19 virus event that disrupted the entire globe .
Currently , the price has rallied back into this YELLOW price channel and stalled @ @ @ @ @ @ @ channel .
There is very strong support between 1775~1815 on the MC chart originating from the 2018 and 2019 low price levels ( see the LIGHT BLUE Rectangle on this chart ) .
Additionally , our Adaptive Fibonacci price modeling system is suggesting a “ Price Trend Void ” exists between 1525 and 1780 ( between the two Fibonacci “ Trigger Levels ” – highlighted by the LIGHT YELLOW Rectangle on this chart .
This price void represents a wide range between the Bullish and Bearish trigger levels on this weekly chart .
@ @ @ @ @ @ @ the Bearish Fibonacci Trigger level @ $ 1780 ( the RED line on this chart near the right edge ) .
Once price falls below this level ( again ) , it will confirm a potential Bearish price trend is likely .
The lower Bullish Fibonacci price trigger level , near $ 1524 , was confirmed in late April by price .
Technically , this level now becomes “ support ” for the market as we wait for the price to confirm or deny the new Bearish Trigger level .
If the price @ @ @ @ @ @ @ level ( close below that level ) , then the previous Bullish trend is intact .
Our researchers believe the wild rotation in price near the middle/end of June , where the markets reached a peak level , then experienced a deeper downside price correction , suggests the markets have reached a strong resistance point near the middle of the YELLOW trend channel – and rebounded lower .
If our research is correct , this suggests price has already reached an upper resistance level and rotated into a new Bearish trend .
We @ @ @ @ @ @ @ reacts to the lower YELLOW channel and the new Bearish Fibonacci Trigger Level – these act as an intermediate support .
The price must fall below these levels to confirm the Bearish price trend – where the price will enter the “ void ” between the Fibonacci trigger levels .
This Monthly MC chart highlights the broader market technical research supporting our analysis ( below ) .
The same type of Fibonacci Trigger levels exists on this Monthly chart as we see on the Weekly chart .
In fact , they are almost @ @ @ @ @ @ @ 1780 ) .
The alignment of these levels on both the Weekly and Monthly charts suggest these trigger levels are critical for future price activity/trends .
If the MC price level fails to establish a new upward price trend and close above $ 1780 , then the Bearish Fibonacci trigger level has been “ confirmed ” and we can determine that the current price trend is Bearish .
This would likely lead to a breakdown in price levels targeting the midpoint of the LIGHT BLUE price channel midpoint level , near $ 1525 @ @ @ @ @ @ @ we posted a number of research posts suggesting this market setup is somewhat similar to previous market peaks throughout history .
Remember , developing a winning strategy is not about trading every trend and day-trading every move , it is about timing your trades and strategically positioning your portfolio to take advantage of the “ best asset now ” .
We ’ ve developed proprietary technology that assists us in determining the best assets to be invested in and our predictive modeling and other proprietary tools assist us in identifying confirmed trade triggers @ @ @ @ @ @ @ clients in generating consistent profits – not hundreds of trades .
If you were caught on the wrong side of this move recently , please remember that we tried to warn you of our multiple research articles and clear content .
We ’ ve been warning that this upside rally was a speculative price move driven by foreign and US investors believing the V-shaped recovery was real .
The reality of the situation is that this recovery is going to be much more volatile than many people believe .
This is a global @ @ @ @ @ @ @ Blip or some other isolated panic volatility .
You better stay on top of these trends and risks in the markets to stay ahead of these bigger moves .
As a technical analyst and trader since 1997 , I have been through a few bull/bear market cycles in stocks and commodities .
I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders .
2020 is an incredible year for traders and investors .
Don ’ t miss all the incredible trends and @ @ @ @ @ @ @ ETF Swing Trading Newsletter had our trading accounts close at a new high watermark .
We not only exited the equities market as it started to roll over in February , but we profited from the sell-off in a very controlled way with TLT bonds for a 20 % gain .
This week we closed out SPY ETF trade taking advantage of this bounce and entered a new trade with our account is at another all-time high value .
Ride my coattails as I navigate these financial markets and build wealth while others @ @ @ @ @ @ @ another 35-65 % during the rest of this financial crisis going into late 2020 and early 2021 .
Just think of this for a minute .
While most of us have active trading accounts , what is even more important are our long-term investment and retirement accounts .
Why ?
Because they are , in most cases , our largest store of wealth other than our homes , and if they are not protected during the next bear market , you could lose 25-50 % or more of your net worth .
The @ @ @ @ @ @ @ even grow our long term capital when things get ugly like they are now and ill show you how .
One of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position but we do have a way for you or your advisor can take advantage of the market gyrations with our Technical Wealth Advisor investing signals .
If you have any type of retirement account and are looking for signals when to own equities , bonds , or cash , @ @ @ @ @ @ @ my Passive Long-Term ETF Investing Signals which we issued a new signal for subscribers .

by Chris Vermeulen of The Technical Traders
We’ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions. Throughout the entire months of May and June, we’ve seen various economic data points report very mixed results – and in some cases, surprise numbers as a result of the deep economic collapse related to the COVID-19 virus event. This research post should help to clear things up going forward for most traders/investors.
As technical traders, we attempt to digest these economic data factors into technical and price analysis while determining where and what to trade. We attempt to identify the “Best Asset Now” (BAN) for trading based on our proprietary technical analysis and predictive modeling tools. We also attempt to stay away from excessive risks in the markets. The reason we adopt this strategy is to help protect assets and to attempt to assist our clients and followers in avoiding sometimes foolish trading decisions that can destroy your account and future.
S&P 400 MIDCAP E-MINI FUTURES – WEEKLY
We are focusing on the MC, S&P 400 MIDCAP E-Mini Futures, charts today while attempting to illustrate the technical factors that are currently present in the longer-term Weekly and Monthly charts. Our researchers believe the month of June presented a very clear “high price peak” that suggests the US stock markets may have established a “recovery price high” in June 2020. This high price level reached just above the midpoint of the YELLOW price channel level that originated from the market bottom in 2009. This price channel is very important for technical traders because it relates the high-low price range that was established over the past 8+ years as a “trend barrier” for price.
When that channel was broken in March 2020, this became the first time since the low (bottom) was established in 2009 that we witnessed any significant breach of the lower YELLOW price channel. It also indicated a substantial disruption in the markets was taking place – the COVID-19 virus event that disrupted the entire globe. Currently, the price has rallied back into this YELLOW price channel and stalled near the midpoint of the YELLOW price channel.
There is very strong support between 1775~1815 on the MC chart originating from the 2018 and 2019 low price levels (see the LIGHT BLUE Rectangle on this chart). Additionally, our Adaptive Fibonacci price modeling system is suggesting a “Price Trend Void” exists between 1525 and 1780 (between the two Fibonacci “Trigger Levels” – highlighted by the LIGHT YELLOW Rectangle on this chart. This price void represents a wide range between the Bullish and Bearish trigger levels on this weekly chart. Currently, the price is very near the Bearish Fibonacci Trigger level @ $1780 (the RED line on this chart near the right edge). Once price falls below this level (again), it will confirm a potential Bearish price trend is likely.
The lower Bullish Fibonacci price trigger level, near $1524, was confirmed in late April by price. Technically, this level now becomes “support” for the market as we wait for the price to confirm or deny the new Bearish Trigger level. If the price fails to confirm the new Bearish Trigger level (close below that level), then the previous Bullish trend is intact.
Our researchers believe the wild rotation in price near the middle/end of June, where the markets reached a peak level, then experienced a deeper downside price correction, suggests the markets have reached a strong resistance point near the middle of the YELLOW trend channel – and rebounded lower. If our research is correct, this suggests price has already reached an upper resistance level and rotated into a new Bearish trend. We would now want to see how price reacts to the lower YELLOW channel and the new Bearish Fibonacci Trigger Level – these act as an intermediate support. The price must fall below these levels to confirm the Bearish price trend – where the price will enter the “void” between the Fibonacci trigger levels.
S&P 400 MIDCAP E-MINI FUTURES – MONTHLY
This Monthly MC chart highlights the broader market technical research supporting our analysis (below). The same type of Fibonacci Trigger levels exists on this Monthly chart as we see on the Weekly chart. In fact, they are almost exactly the same levels (1545 and 1780). The alignment of these levels on both the Weekly and Monthly charts suggest these trigger levels are critical for future price activity/trends.
If the MC price level fails to establish a new upward price trend and close above $1780, then the Bearish Fibonacci trigger level has been “confirmed” and we can determine that the current price trend is Bearish. This would likely lead to a breakdown in price levels targeting the midpoint of the LIGHT BLUE price channel midpoint level, near $1525 – possibly much lower.
We are primarily funded by readers. Please subscribe and donate to support us!
Recently, we posted a number of research posts suggesting this market setup is somewhat similar to previous market peaks throughout history.
CONCLUDING THOUGHTS:
Remember, developing a winning strategy is not about trading every trend and day-trading every move, it is about timing your trades and strategically positioning your portfolio to take advantage of the “best asset now”. We’ve developed proprietary technology that assists us in determining the best assets to be invested in and our predictive modeling and other proprietary tools assist us in identifying confirmed trade triggers. Our objective is to assist our clients in generating consistent profits – not hundreds of trades.
If you were caught on the wrong side of this move recently, please remember that we tried to warn you of our multiple research articles and clear content. We’ve been warning that this upside rally was a speculative price move driven by foreign and US investors believing the V-shaped recovery was real. The reality of the situation is that this recovery is going to be much more volatile than many people believe. This is a global economic event – not just a Fed Blip or some other isolated panic volatility.
You better stay on top of these trends and risks in the markets to stay ahead of these bigger moves.
As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is an incredible year for traders and investors. Don’t miss all the incredible trends and trade setups.
Subscribers of my Active ETF Swing Trading Newsletter had our trading accounts close at a new high watermark. We not only exited the equities market as it started to roll over in February, but we profited from the sell-off in a very controlled way with TLT bonds for a 20% gain. This week we closed out SPY ETF trade taking advantage of this bounce and entered a new trade with our account is at another all-time high value.
Ride my coattails as I navigate these financial markets and build wealth while others watch most of their retirement funds drop another 35-65% during the rest of this financial crisis going into late 2020 and early 2021.
Just think of this for a minute. While most of us have active trading accounts, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during the next bear market, you could lose 25-50% or more of your net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how. One of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position but we do have a way for you or your advisor can take advantage of the market gyrations with our Technical Wealth Advisor investing signals.
If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Passive Long-Term ETF Investing Signals which we issued a new signal for subscribers.
Chris Vermeulen
Chief Market Strategies
Founder of Technical Traders Ltd.


investmentwatchblog--2020-07-03--Massachusetts city gives polyamory same legal rights as married couples

And to Hell goes America in the proverbial handbasket .
Christine Rouselle reports for Catholic News Agency , July 2 , 2020 , that the city of Somerville , Massachusetts , has broadened its definition of domestic partnership to give polyamorous relationships the same rights as a married couple .
The original draft of the city ordinance specified that a domestic partnership was between two persons , which was changed to allow for polyamorous relationships .
The dictionary defines “ polyamory ” as “ the practice or condition of participating simultaneously in more than one serious romantic or sexual relationship @ @ @ @ @ @ @ partners.
” In other words , a polyamorous person is one who has more than one sexual partner .
Somerville ’ s City Council passed the ordinance on June 25 .
Mayor Joseph Curtatone signed it into law on Monday , June 29 .
( Daily Mail ) The new ordinance means that Somerville employees will be able to extend health insurance benefits to more than one partner .
It is unclear if private companies will also allow for employees in polyamorous domestic partenrships to share health insurance plans to their multiple partners @ @ @ @ @ @ @ Jefferson Thomas ) Scott , quoted in the New York Times , said that he believes this to be the first ordinance of its kind in the United States .
In favor of recognizing polyamorous relationships , Scott said : “ People have been living in families that include more than two adults forever .
Here in Somerville , families sometimes look like one man and one woman , but sometimes it looks like two people everyone on the block thinks are sisters because they ’ ve lived together forever , or sometimes @ @ @ @ @ @ @ uncle , or an aunt and two uncles , raising two kids.
” Scott said that the new ordinance would legally recognize someone as having more than one domestic partner , regardless of the nature of that relationship : “ It has a legal bearing , so when one of them is sick , they can both go to the hospital.
” Scott said he knew of at least two dozen people in Somerville who were engaged in polyamorous relationships , though he did not specify how many households they comprised .
The @ @ @ @ @ @ @ about 80,000 , and , until June , did not have any sort of domestic partnership ordinance .
City councilor Lance Davis , who drafted the domestic partnership ordinance , said : “ I don ’ t think it ’ s the place of the government to tell people what is or is not a family .
Defining families is something that historically we ’ ve gotten quite wrong as a society , and we ought not to continue to try and undertake to do so.
” Davis claims that constituents told him @ @ @ @ @ @ @ “ legally recognizing and validating ” the existence of polyamorous relationships .
Ryan Anderson , a senior research fellow at the Heritage Foundation , told CNA that he was not surprised by the latest efforts to redefine marriage to include multiple people : “ Of course it was never going to stop with same-sex couples .
Once you redefine marriage to eliminate the male-female component , what principle requires monogamy ?
[ The former cultural norm of marriage between one man and one woman ] was that only one man and one woman @ @ @ @ @ @ @ and wife in the very same act that could produce new life , and then connect that new life with his or her own mother and father .
Once the law and culture says the male-female aspect of marriage violates justice and equality , we haven ’ t ‘ expanded ’ marriage , we ’ ve fundamentally redefined what it is .
And those redefinitions have no principled stopping point.
” Former Rep. Katie Hill ( D-CA ) must be fuming .
Recall that the married Hill had to resign from the House @ @ @ @ @ @ @ had sex with female and male staffers .
Hill was merely being polyamorous .
/Sarc On June 29 , 2020 , the Somerville City Council voted to defund the city ’ s police by cutting $ 650,000 from the salaries line item .
Councilor J. T. Scott had wanted a 60 % reduction in the police ’ s FY21 budget .
The source of this information is a news website called WickedLocal Somerville , I kid you not .

by Dr. Eowyn
And to Hell goes America in the proverbial handbasket.
Christine Rouselle reports for Catholic News Agency, July 2, 2020, that the city of Somerville, Massachusetts, has broadened its definition of domestic partnership to give polyamorous relationships the same rights as a married couple.
The original draft of the city ordinance specified that a domestic partnership was between two persons, which was changed to allow for polyamorous relationships.
The dictionary defines “polyamory” as “the practice or condition of participating simultaneously in more than one serious romantic or sexual relationship with the knowledge and consent of all partners.” In other words, a polyamorous person is one who has more than one sexual partner.
Somerville’s City Council passed the ordinance on June 25. Mayor Joseph Curtatone signed it into law on Monday, June 29. (Daily Mail)
The new ordinance means that Somerville employees will be able to extend health insurance benefits to more than one partner. It is unclear if private companies will also allow for employees in polyamorous domestic partenrships to share health insurance plans to their multiple partners.
Somerville city councilor J.T. (Jefferson Thomas) Scott, quoted in the New York Times, said that he believes this to be the first ordinance of its kind in the United States. In favor of recognizing polyamorous relationships, Scott said:
“People have been living in families that include more than two adults forever. Here in Somerville, families sometimes look like one man and one woman, but sometimes it looks like two people everyone on the block thinks are sisters because they’ve lived together forever, or sometimes it’s an aunt and an uncle, or an aunt and two uncles, raising two kids.”
Scott said that the new ordinance would legally recognize someone as having more than one domestic partner, regardless of the nature of that relationship: “It has a legal bearing, so when one of them is sick, they can both go to the hospital.”
We are primarily funded by readers. Please subscribe and donate to support us!
Scott said he knew of at least two dozen people in Somerville who were engaged in polyamorous relationships, though he did not specify how many households they comprised. The city of Somerville has a population of about 80,000, and, until June, did not have any sort of domestic partnership ordinance.
City councilor Lance Davis, who drafted the domestic partnership ordinance, said: “I don’t think it’s the place of the government to tell people what is or is not a family. Defining families is something that historically we’ve gotten quite wrong as a society, and we ought not to continue to try and undertake to do so.” Davis claims that constituents told him they were happy the city will be “legally recognizing and validating” the existence of polyamorous relationships.
Ryan Anderson, a senior research fellow at the Heritage Foundation, told CNA that he was not surprised by the latest efforts to redefine marriage to include multiple people:
“Of course it was never going to stop with same-sex couples. Once you redefine marriage to eliminate the male-female component, what principle requires monogamy? [The former cultural norm of marriage between one man and one woman] was that only one man and one woman could unite as one flesh as husband and wife in the very same act that could produce new life, and then connect that new life with his or her own mother and father. Once the law and culture says the male-female aspect of marriage violates justice and equality, we haven’t ‘expanded’ marriage, we’ve fundamentally redefined what it is. And those redefinitions have no principled stopping point.”
Former Rep. Katie Hill (D-CA) must be fuming.
Recall that the married Hill had to resign from the House of Representatives because it was revealed she had sex with female and male staffers.
Hill was merely being polyamorous. /Sarc
On June 29, 2020, the Somerville City Council voted to defund the city’s police by cutting $650,000 from the salaries line item. Councilor J. T. Scott had wanted a 60% reduction in the police’s FY21 budget. The source of this information is a news website called WickedLocal Somerville, I kid you not.
See also:
~Eowyn


investmentwatchblog--2020-07-03--Reformed Climate Activist Condemns ‘Terrorizing School Children’ With Fake Science

The climate craze has gone silent in favor of Corona fear .
It was how they used to scare the @ @ @ @ @ depression .
Soon , when Corona has run its course , they will roll it @ @ @ @ @ remember this whistleblower who came clean on a lifetime of fear mongering…

The climate craze has gone silent in favor of Corona fear. It was how they used to scare the kids into suicide and eternal depression. Soon, when Corona has run its course, they will roll it out…
When they do, remember this whistleblower who came clean on a lifetime of fear mongering…
We are primarily funded by readers. Please subscribe and donate to support us!
h/t Venus230


investmentwatchblog--2020-07-03--Harris County DA to drop charges against more than 600 Houston protesters

HOUSTON , Texas ( KTRK ) — Just hours after George Floyd ’ s funeral service in Houston , the @ @ @ @ @ s Office said it ’ s dropping charges against 796 protesters in Houston .

HOUSTON, Texas (KTRK) — Just hours after George Floyd’s funeral service in Houston, the Harris County District Attorney’s Office said it’s dropping charges against 796 protesters in Houston.
We are primarily funded by readers. Please subscribe and donate to support us!
BREAKING: DA sources say @HarrisCountyDAO dropping charges against 600+ demonstrators arrested in Houston protests. @abc13houston pic.twitter.com/01ECfmGElz — Ted Oberg (@TedABC13) June 10, 2020
abc13.com/district-attorney-george-floyd-charges-dropped-protesters/6239927/


investmentwatchblog--2020-07-03--Marc Faber: The Unintended Consequences Of Social, Economic, and Monetary Monetary Interventions

I find the idea of defunding the police to be ludicrous .
This particularly in the US where violence is so widespread .
During Father Day weekend in Chicago , 103 people were shot , 14 killed , including a three-year old Black girl .
According to Patrick Buchanan , “ To pander to the militants on the left , liberal politicians will devise new restrictions on cops and more severe punishments for infractions , treating the police as potential threats to civil and constitutional rights .
The ‘ Ferguson Effect ’ will take hold .
Cops will back off @ @ @ @ @ @ @ Criminals will see an opening to seize opportunities .
The urban poor who look to the police as their only protection will stay inside and lock their doors .
And small businesses , realizing the cops may not be there , will sell and move out.
” The American “ War on Poverty ” has been a complete failure .
This was also observed and discussed by Milton Friedman in Capitalism and Freedom ( highly recommended ) .
As Thomas Sowell said , “ A vastly expanded welfare state in the 1960s destroyed @ @ @ @ @ @ @ centuries of slavery and generations of racial oppression.
” I recommend my readers to listen to a 2016 interview with Sowell .
Obviously , socialists and Marxists oppose family unity as a matter of policy and doctrine and implemented policies which favoured single parents : www.youtube.com/watch ?
v=ICsPQnGJEpY In the meantime , the monetary policies of the geniuses at the Fed are working wonders for one class : the billionaires .
According to Statista , “ U.S .
billionaires saw their wealth surge 20 percent since the start of the pandemic according to @ @ @ @ @ @ @ Studies and Americans for Tax Fairness .
Between March 18 and June 17 , the total net worth of 643 American billionaires increased from $ 2.9 trillion to $ 3.5 trillion while a further 29 individuals joined the club .
While their collective wealth grew by $ 584 billion , some 45.5 million Americans filed for unemployment .
The level of inequality across the U.S. was highlighted by the fact that total U.S. billionaire wealth increased by twice as much as the federal government paid out in one-time stimulus checks to 150 million @ @ @ @ @ @ @ s findings , ATF ’ s [ Americans for Tax Fairness ] executive director Frank Clemente said that “ this orgy of wealth shows how fundamentally flawed our economic system is ” and that “ if this pandemic reveals anything , it ’ s how unequal our society has become and how drastically it must change.
” If we use the Wilshire 5000 Total Market Index excluding AAPL , MSFT , AMZN , GOOG , and FB the US stock market is essentially flat since January 2018 – almost two and a half @ @ @ @ @ @ @ : Most US equities have been moving sideward or down since the January 2018 top .
But because of few stocks ( FAANG and related stocks ) that were in very powerful uptrends , the major indices , which are capitalization weighted , continued to move higher as well .
What could happen in future is that the strong stocks begin to weaken , and relatively depressed stocks including emerging markets begin to outperform .
This could lead to the S & P 500 Index trading in a range of between approximately 2,300 @ @ @ @ @ @ @ Some pundits will argue that the ultra-expansionary monetary policies can only lead to much higher stock prices .
Other strategists contend that the economic slump will be long lasting and that , therefore , earnings will remain weak for some time .
These strategists hold the view that stocks are overvalued by up to 40 % .
I should think that both these opposing views have some merit .
The economy could stay weak .
However , expansionary fiscal and monetary policies , and ultra-low interest rates could keep asset prices at elevated @ @ @ @ @ @ @ and other emerging markets we need to be extremely nuanced .
In the second half of the 19th century America was the “ Wild West.
” Some of the European investors who placed some money in the US were horribly ripped off and some made a lot of money .
This is the situation nowadays in countries like China .
People who listen to the perennial China bashers ( most of whom are completely ignorant about its history , culture , and society ) are likely to lose out on some great opportunities @ @ @ @ @ @ @ the riots we currently experience consider the words of John Adams : “ Remember , democracy never lasts long .
It soon wastes , exhausts , and murders itself .
There never was a democracy yet that did not commit suicide .
”

via gloomboomdoom:
Monthly Market Commentary: July 1, 2020
I find the idea of defunding the police to be ludicrous. This particularly in the US where violence is so widespread. During Father Day weekend in Chicago, 103 people were shot, 14 killed, including a three-year old Black girl.
According to Patrick Buchanan, “To pander to the militants on the left, liberal politicians will devise new restrictions on cops and more severe punishments for infractions, treating the police as potential threats to civil and constitutional rights.
The ‘Ferguson Effect’ will take hold. Cops will back off from confronting the lawless and violent. Criminals will see an opening to seize opportunities. The urban poor who look to the police as their only protection will stay inside and lock their doors. And small businesses, realizing the cops may not be there, will sell and move out.”
The American “War on Poverty” has been a complete failure. This was also observed and discussed by Milton Friedman in Capitalism and Freedom (highly recommended). As Thomas Sowell said, “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”
I recommend my readers to listen to a 2016 interview with Sowell. Obviously, socialists and Marxists oppose family unity as a matter of policy and doctrine and implemented policies which favoured single parents: www.youtube.com/watch?v=ICsPQnGJEpY
In the meantime, the monetary policies of the geniuses at the Fed are working wonders for one class: the billionaires. According to Statista, “U.S. billionaires saw their wealth surge 20 percent since the start of the pandemic according to an analysis by the Institute for Policy Studies and Americans for Tax Fairness. Between March 18 and June 17, the total net worth of 643 American billionaires increased from $2.9 trillion to $3.5 trillion while a further 29 individuals joined the club. While their collective wealth grew by $584 billion, some 45.5 million Americans filed for unemployment.
The level of inequality across the U.S. was highlighted by the fact that total U.S. billionaire wealth increased by twice as much as the federal government paid out in one-time stimulus checks to 150 million Americans. Commenting on the report’s findings, ATF’s [Americans for Tax Fairness] executive director Frank Clemente said that “this orgy of wealth shows how fundamentally flawed our economic system is” and that “if this pandemic reveals anything, it’s how unequal our society has become and how drastically it must change.”
We are primarily funded by readers. Please subscribe and donate to support us!
If we use the Wilshire 5000 Total Market Index excluding AAPL, MSFT, AMZN, GOOG, and FB the US stock market is essentially flat since January 2018 – almost two and a half years ago.
To put it simply: Most US equities have been moving sideward or down since the January 2018 top. But because of few stocks (FAANG and related stocks) that were in very powerful uptrends, the major indices, which are capitalization weighted, continued to move higher as well. What could happen in future is that the strong stocks begin to weaken, and relatively depressed stocks including emerging markets begin to outperform. This could lead to the S&P 500 Index trading in a range of between approximately 2,300 to 3,200 for a few years.
Some pundits will argue that the ultra-expansionary monetary policies can only lead to much higher stock prices. Other strategists contend that the economic slump will be long lasting and that, therefore, earnings will remain weak for some time. These strategists hold the view that stocks are overvalued by up to 40%.
I should think that both these opposing views have some merit. The economy could stay weak. However, expansionary fiscal and monetary policies, and ultra-low interest rates could keep asset prices at elevated levels.
Regarding China, India, and other emerging markets we need to be extremely nuanced. In the second half of the 19th century America was the “Wild West.” Some of the European investors who placed some money in the US were horribly ripped off and some made a lot of money. This is the situation nowadays in countries like China. People who listen to the perennial China bashers (most of whom are completely ignorant about its history, culture, and society) are likely to lose out on some great opportunities.
Finally, and in view of the riots we currently experience consider the words of John Adams:
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.”
With kind regards
Yours sincerely
Marc Faber


Washington Examined

WHO admits China never reported the existence of coronavirus outbreak Ask yourself why the WHO would lie & say first reports of the Amazo Virus came from China ?
“ The first report came from Wuhan , from China itself , so Taiwan was only asking for clarification , and as some people were claiming , Taiwan didn ’ t report any human-to-human transmission ; this has to be clear , So , the report first came from China — that ’ s fact number one — from Wuhan itself.
” now we see that the timeline on the WHO @ @ @ @ @ @ @ “ The WHO quietly updated its “ Timeline of WHO ’ s response to COVID-19 ” on Tuesday following the House Foreign Affairs Committee Republicans ’ mid-June Interim Report on Origins of COVID-19 Pandemic ( led by ranking member and China task force Chairman Rep. Michael McCaul of Texas ) , which concluded that “ despite public reporting to the contrary … China never notified the WHO about the outbreak in Wuhan.
” This Washington Examiner article is obviously trying to help the China Task Force [ no doubt a neocon think tanks @ @ @ @ @ @ @ rhetoric against China [ a totalitarian state , no doubt ] Is what we are seeing here a platforming of a political central issue…which sees the Washington Examiner basically become a public relations exercise for the Neocon hawks as we have seen in the propaganda media blitz in the build up to Iraq / Syria wars ?
Is this article designed to deflect against WHO shenanigans similar to those we have witnessed during the previous H5N1 outbreaks of Avian & Swine flu ?
“ WHO Director-General Tedros Adhanom Ghebreyesus sought to downplay the @ @ @ @ @ @ @ says it provided to the organization and stressed that the “ first report ” came from Wuhan , where the outbreak is believed to have originated .
“ So , after a major pandemic drill in 2019 called Event 201 – which involved the WHO , John Hopkins , The Bill & Melinda Gates foundation and various members of the World Economic Forum – which apparently prepared the powers that be – those who command the NGOs , powerful members of Governments , media & health response teams to an unprecedented pandemic .
@ @ @ @ @ @ @ in league with China over hiding early data .
This does not come as any great surprise , as we have seen the Neocons & their allies flaut U.N regulations many times before .
Previously the Trump regime have accused the WHO of being Chinas mouthpiece , which famously led to Trump announcing a cut of funding to the U.N body .
Are the WHO amplifying a coronavirus into a global disaster ?
Is it an attack on the west ?
if so – why would all western nations Lockdown their populations in @ @ @ @ @ @ @ U.K have a history of blindly obeying the U.N now , after going against it during the run up to the Iraq invasion ?
hmm I suggest what we are witnessing is the weaponization of massively conflicting information as a Psy-war against the human population , leaving us helpless as we try to get to the truth through the fog of a promulgated cognitive dissonance .
One has to also remember it is Election year in the USA .
Interestingly the Lockdown restrictions have seen near schizophrenic reactions from western nations .
Notably @ @ @ @ @ @ @ Stereotyped as largely selfish , dangerous , right wing reactionary response to business closures by ‘ anti vaxxers ’ who promulgate conspiracy theories about the WHO & Bill Gates .
On the 25th May the blatent murderous act of 4 Policemen in Minneapolis seemed to tip the balance .
Several murders of black residents noticably Breonna Taylor on March 13th saw protests mounted locally .
The timing of the release of the information regarding phone calls made by Breonne Taylors boyfriend after the initial assault by officers is suspicious .
George Floyd was @ @ @ @ @ @ @ released on the incident which sparked the initial protests on the 28th May .
The protests spiralled into a global reaction of outrage , spurred on by the subsequent police shooting of David McAtee in Louisville during these protests on June 1 .
This in turn provided many questions for those questioning the reasons for enforcing the Lockdown narrative .
Curfews were broken – but this time – it seemed that the pandemic dangers were sidelined .
Black Lives Matters Democratic party funding was questioned & AntiFa continued to be rhetoric-ed as a @ @ @ @ @ @ @ structure & objectives by the right .
The victimisation of the supposed ‘ right wing ’ lockdown protesters could be seen as an enforcement of victimhood in a voter encatchment zone giving Republican voters a resentment that could be useful in the polling stations .
Similarly as we have seen in the formation of the Capital Hill Autonomous Zone .
It has to be suggested perhaps this was a kind of reward by given by left wing leaders to those voters who may be empowered by supporting democratic candidates .
Indeed rather than @ @ @ @ @ @ @ of willing conscripts , ready to fight a new world war , we may be seeing an attempt to anger the capitalist nations populist populations via lockdown restrictions as an attack on their ‘ way of life ’ in an attempt to forge consent in any military action against China .
Conversley we may be seeing the Democratic Party trying to build a voter block to utilise steered , astroturfed liberation movements .

via Reddit:
Today the Washington Examiner reported that
WHO admits China never reported the existence of coronavirus outbreak
www.washingtonexaminer.com/news/who-admits-china-never-reported-the-existence-of-coronavirus-outbreak

The politicization of a managed disaster

Ask yourself why the WHO would lie & say first reports of the Amazo Virus came from China?

flashback to April 2020;

“The first report came from Wuhan, from China itself, so Taiwan was only asking for clarification, and as some people were claiming, Taiwan didn’t report any human-to-human transmission; this has to be clear, So, the report first came from China — that’s fact number one — from Wuhan itself.”
– WHO Director-General Tedros Adhanom Ghebreyesus

now we see that the timeline on the WHO website itself has been altered;?
“The WHO quietly updated its “Timeline of WHO’s response to COVID-19” on Tuesday following the House Foreign Affairs Committee Republicans’ mid-June Interim Report on
Origins of COVID-19 Pandemic (led by ranking member and China task force Chairman Rep. Michael McCaul of Texas), which concluded that “despite public reporting to the contrary … China never notified the WHO about the outbreak in Wuhan.”

This Washington Examiner article is obviously trying to help the China Task Force [no doubt a neocon think tanks] as it stirs up a hawkish rhetoric against China [a totalitarian state, no doubt]

see;
theweek.com/articles/809540/continuing-lunacy-neocons

Is what we are seeing here a platforming of a political central issue…which sees the Washington Examiner basically become a public relations exercise for the Neocon hawks as we have seen in the propaganda media blitz in the build up to Iraq / Syria wars?
Is this article designed to deflect against WHO shenanigans similar to those we have witnessed during the previous H5N1 outbreaks of Avian & Swine flu?
We are primarily funded by readers. Please subscribe and donate to support us!

here’s another quote;

“WHO Director-General Tedros Adhanom Ghebreyesus sought to downplay the early warnings about the outbreak that Taiwan says it provided to the organization and stressed
that the “first report” came from Wuhan, where the outbreak is believed to have originated. “

So, after a major pandemic drill in 2019 called Event 201 – which involved the WHO, John Hopkins, The Bill & Melinda Gates foundation and various members of the World Economic Forum – which apparently prepared the powers that be – those who command the NGOs, powerful members of Governments, media & health response teams to an unprecedented pandemic.

We are told that the WHO are in league with China over hiding early data.

This does not come as any great surprise, as we have seen the Neocons & their allies flaut U.N regulations many times before. Previously the Trump regime have accused the WHO of being Chinas mouthpiece, which famously led to Trump announcing a cut of funding to the U.N body.

Are the WHO amplifying a coronavirus into a global disaster?
Is it an attack on the west? if so – why would all western nations Lockdown their populations in complete complicity? Do America & the U.K have a history of blindly obeying the U.N now, after going against it during the run up to the Iraq invasion? hmm
I suggest what we are witnessing is the weaponization of massively conflicting information as a Psy-war against the human population, leaving us helpless as we try to get to the truth through the fog of a promulgated cognitive dissonance.
One has to also remember it is Election year in the USA.
Interestingly the Lockdown restrictions have seen near schizophrenic reactions from western nations. Notably the initial Lockdown protesters were lampooned. Stereotyped as largely selfish, dangerous, right wing reactionary response to business closures by ‘anti vaxxers’ who promulgate conspiracy theories about the WHO & Bill Gates.
On the 25th May the blatent murderous act of 4 Policemen in Minneapolis seemed to tip the balance. Several murders of black residents noticably Breonna Taylor on March 13th saw protests mounted locally. The timing of the release of the information regarding phone calls made by Breonne Taylors boyfriend after the initial assault by officers is suspicious. George Floyd was murdered , and then extra information was released on the incident which sparked the initial protests on the 28th May. The protests spiralled into a global reaction of outrage, spurred on by the subsequent police shooting of David McAtee in Louisville during these protests on June 1.
This in turn provided many questions for those questioning the reasons for enforcing the Lockdown narrative. Curfews were broken – but this time – it seemed that the pandemic dangers were sidelined. Black Lives Matters Democratic party funding was questioned & AntiFa continued to be rhetoric-ed as a de facto paramilitary movement with a military structure & objectives by the right.

The victimisation of the supposed ‘right wing’ lockdown protesters could be seen as an enforcement of victimhood in a voter encatchment zone giving Republican voters a resentment that could be useful in the polling stations. Similarly as we have seen in the formation of the Capital Hill Autonomous Zone. It has to be suggested perhaps this was a kind of reward by given by left wing leaders to those voters who may be empowered by supporting democratic candidates.
Indeed rather than trying to enlist a huge western army of willing conscripts, ready to fight a new world war, we may be seeing an attempt to anger the capitalist nations populist populations via lockdown restrictions as an attack on their ‘way of life’ in an attempt to forge consent in any military action against China. Conversley we may be seeing the Democratic Party trying to build a voter block to utilise steered, astroturfed liberation movements.

Happy 4th July for tomorrow x


investmentwatchblog--2020-07-03--CNN Reporter In Brazil Gets Robbed During Live Broadcast

1:52 when the magic happens .

1:52 when the magic happens.
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-07-03--McCullough: Ignore The Jobs Numbers Noise → Follow Rate Of Change

The Old Wall Media made a lot of headlines out of the “ better than expected ” employment numbers released on Thursday .
In this clip from The Macro Show , Hedgeye CEO Keith McCullough reminds investors to cut through the noise and focus closely on the rate of change of the numbers for a clearer outlook .
Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC .
He covers the strategy sector at the firm .
Prior to founding the firm , Mr. McCullough was a Partner , Portfolio Manager , and Managing Director @ @ @ @ @ @ @ Prior to that , he was a Portfolio Manager at Magnetar Capital ; a Founder , Managing Partner and Co-Portfolio Manager at Falconhenge Partners , LLC ; and Partner , Executive Vice President and Portfolio Manager at Dawson Herman Capital Management .
Mr. McCullough got his start as an Institutional Equity Sales Analyst at Credit Suisse First Boston .
He is currently co-chair of the NYC Bipartisan Policy Center ; he writes regularly for Fortune and Forbes and is the author of the popular book , Diary of a Hedge Fund Manager .

Hedgeye, Released on 7/2/20
The Old Wall Media made a lot of headlines out of the “better than expected” employment numbers released on Thursday. In this clip from The Macro Show, Hedgeye CEO Keith McCullough reminds investors to cut through the noise and focus closely on the rate of change of the numbers for a clearer outlook.
We are primarily funded by readers. Please subscribe and donate to support us!
Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough was a Partner, Portfolio Manager, and Managing Director at the Carlyle-Bluewave Partners hedge fund. Prior to that, he was a Portfolio Manager at Magnetar Capital; a Founder, Managing Partner and Co-Portfolio Manager at Falconhenge Partners, LLC; and Partner, Executive Vice President and Portfolio Manager at Dawson Herman Capital Management. Mr. McCullough got his start as an Institutional Equity Sales Analyst at Credit Suisse First Boston. He is currently co-chair of the NYC Bipartisan Policy Center; he writes regularly for Fortune and Forbes and is the author of the popular book, Diary of a Hedge Fund Manager.


investmentwatchblog--2020-07-03--#BlackLivesMatter isn’t about racial justice. Here’s the proof

# BlackLivesMatter protests are not about racism , “ racial justice ” ( whatever that means ) , “ social justice ” ( whatever that means ) , anti-slavery , anti-Confederacy , or anti- “ white supremacy ” ( whatever that means ) .
# BlackLivesMatter protests are chaos for chaos ’ sake , destruction for destruction ’ s sake — like Heath Ledger ’ s portrayal of the devilish Joker , cackling with glee at the mayhem he wrought around him , in the 2008 Batman movie , The Dark Knight .
Ledger ’ s portrayal of the demonic @ @ @ @ @ @ @ and took his life .
# BlackLivesMatter protests are acts of terrorism inflicted on the American people .
Here ’ s the definitive proof that # BlackLivesMatter is not about race or “ racial justice ” .
On Wednesday ( July 1 , 2020 ) night , # BlackLivesMatter “ protesters ” set fire to a statue of an elk in Portland , Oregon .
This video of the burning of the elk statue was tweeted by a “ protester ” who calls itself Tuck Woodstock ( @ tuckwoodstock ) , with this @ @ @ @ @ @ @ a hip hop group ) : Tuck Woodstock , who has more than 13,000 Twitter followers , describes itself as :

by Dr. Eowyn
#BlackLivesMatter protests are not about racism, “racial justice” (whatever that means), “social justice” (whatever that means), anti-slavery, anti-Confederacy, or anti-“white supremacy” (whatever that means).
#BlackLivesMatter protests are chaos for chaos’ sake, destruction for destruction’s sake — like Heath Ledger’s portrayal of the devilish Joker, cackling with glee at the mayhem he wrought around him, in the 2008 Batman movie, The Dark Knight. Ledger’s portrayal of the demonic figure sent him to the dark side and took his life.
#BlackLivesMatter protests are acts of terrorism inflicted on the American people.
Here’s the definitive proof that #BlackLivesMatter is not about race or “racial justice”.
On Wednesday (July 1, 2020) night, #BlackLivesMatter “protesters” set fire to a statue of an elk in Portland, Oregon.
We are primarily funded by readers. Please subscribe and donate to support us!
This video of the burning of the elk statue was tweeted by a “protester” who calls itself Tuck Woodstock (@tuckwoodstock), with this comment (Note: N.W.A. is a hip hop group):
Elk fire keeping me warm. N.W.A. playing in the background.
Tuck Woodstock, who has more than 13,000 Twitter followers, describes itself as:
@Gendereveal host. Gender & equity educator (http://sylveon.co). Journalist reporting on PDX protests. Gay songs @leisuretrash . Biracial. They/them. DMs open.
~Eowyn


investmentwatchblog--2020-07-03--SIGN OF THE TIMES: Samsung is selling a wireless charger that also sterilizes your phone.

As the world comes to terms with the devastating effects of the COVID-19 pandemic , people have learned that keeping a small distance and regularly washing their hands are important tools in limiting the transmission of the virus .
However , when the humble smartphone is considered to be one of the dirtiest things someone can own , hand care may only go so far .
In a bid to give its customers an phone-cleaning option that doesn ’ t involve an antibacterial wipe , Samsung has begun selling a wireless UV charger that promises to “ kill up to @ @ @ @ @ @ @ ” The ITFIT UV Sterilizer is a very unremarkable white box that Samsung says is spacious enough to fit a Galaxy S20 Ultra .
However , it ’ s not limited to just Samsung smartphones , or wireless gadgets like Galaxy Buds and the Galaxy Watch — if it fits inside then it can likely be disinfected ( but may not be charged ) .
Place the item ( s ) in the box , connect it to a USB-C power source and press the switch .
The embedded 10-watt Qi charger will @ @ @ @ @ @ @ .

via engadget
As the world comes to terms with the devastating effects of the COVID-19 pandemic, people have learned that keeping a small distance and regularly washing their hands are important tools in limiting the transmission of the virus. However, when the humble smartphone is considered to be one of the dirtiest things someone can own, hand care may only go so far. In a bid to give its customers an phone-cleaning option that doesn’t involve an antibacterial wipe, Samsung has begun selling a wireless UV charger that promises to “kill up to 99 percent of bacteria within 10 minutes.”
The ITFIT UV Sterilizer is a very unremarkable white box that Samsung says is spacious enough to fit a Galaxy S20 Ultra. However, it’s not limited to just Samsung smartphones, or wireless gadgets like Galaxy Buds and the Galaxy Watch — if it fits inside then it can likely be disinfected (but may not be charged). Place the item(s) in the box, connect it to a USB-C power source and press the switch. The embedded 10-watt Qi charger will deliver power while it does its thing.


investmentwatchblog--2020-07-03--EXPLOSIVE – About All These “New” Positive COVID Cases – State Health Departments Manipulating Data,

EXPLOSIVE – About All These “New” Positive COVID Cases – State Health Departments Manipulating Data, Changing Definitions..

This is very interesting .
The document described in the video below is available HERE .
Research into state health regulations by Fog City Midge shows that new guidance for the definition of COVID-19 positive infections is likely the biggest background cause in a dramatic upswing in positive test results .
WATCH : This revelation would explain exactly why those who construct the reporting systems are pushing so hard for contact tracing .
According to the new guidance anyone who comes into contact with a person who tests positive is now also considered positive .
[ pdf link ] Nice @ @ @ @ @ @ @ .
The verified source is Here In order to support the most important political objectives of the DNC writ large in the 2020 election , COVID-19 hype is essential : ♦Without COVID-19 panic Democrats can not easily achieve ‘ mail-in ’ voting ; which they desperately need in key battleground states in order to control the outcome .
♦Without COVID-19 panic Democrats can not shut down rallies and political campaigning efforts of President Trump ; which they desperate need to do in key battleground states .
♦Without COVID-19 panic Democrats can not block @ @ @ @ @ @ @ Trump and a physically tenuous , mentally compromised , challenger .
♦Without COVID-19 panic Democrats do not have an excuse for cancelling the DNC convention in Milwaukee ; thereby blocking Team Bernie Sanders from visible opposition while protecting candidate gibberish from himself .
♦Without COVID-19 panic Democrats do not have a mechanism to keep voters isolated from each-other ; limiting communication and national debate adverse to their interests .
COVID-19 panic pushes the national conversation into the digital space where Big Tech controls every element of the conversation .
♦Without COVID-19 panic Democrats @ @ @ @ @ @ @ easily shut-down and continue to block U.S. economic growth .
All thriving economies are against the political interests of Democrats .
♦Without COVID-19 panic Democrats can not easily keep club candidate Joe Biden sealed in the basement ; where the electorate is not exposed to visible signs of his dementia .
♦Without COVID-19 panic it becomes more difficult for Big Tech to censor voices that would outline the fraud and scheme .
With COVID-19 panic they have a better method and an excuse .
♦Without COVID-19 panic Democrats can not advance , influence @ @ @ @ @ @ @ format , a ‘ virtual presidential debate ’ series .
[ Comrade Gretchen Whitmer knows this plan , hence she cancelled the Michigan venue ] All of these , and more , strategic outcomes are based on the manufactured weaponization of the COVID-19 virus to achieve a larger political objective .
There is ZERO benefit to anyone other than Democrats for the overwhelming hype surrounding COVID-19 .
It is not coincidental that all corporate media are all-in to facilitate the demanded fear that Democrats need in order to achieve their objectives .
Thus @ @ @ @ @ @ @ government institutions and multinationals to support the same .
Nothing is coincidental .
Everything is political .

This is very interesting. The document described in the video below is available HERE. Research into state health regulations by Fog City Midge shows that new guidance for the definition of COVID-19 positive infections is likely the biggest background cause in a dramatic upswing in positive test results. WATCH:
.
This revelation would explain exactly why those who construct the reporting systems are pushing so hard for contact tracing. According to the new guidance anyone who comes into contact with a person who tests positive is now also considered positive. [pdf link]
Nice convenient way to inflate the infection rate. The verified source is Here
.
.
In order to support the most important political objectives of the DNC writ large in the 2020 election, COVID-19 hype is essential:
♦Without COVID-19 panic Democrats cannot easily achieve ‘mail-in’ voting; which they desperately need in key battleground states in order to control the outcome.
♦Without COVID-19 panic Democrats cannot shut down rallies and political campaigning efforts of President Trump; which they desperate need to do in key battleground states.
♦Without COVID-19 panic Democrats cannot block the campaign contrast between an energetic President Trump and a physically tenuous, mentally compromised, challenger.
We are primarily funded by readers. Please subscribe and donate to support us!
♦Without COVID-19 panic Democrats do not have an excuse for cancelling the DNC convention in Milwaukee; thereby blocking Team Bernie Sanders from visible opposition while protecting candidate gibberish from himself.
♦Without COVID-19 panic Democrats do not have a mechanism to keep voters isolated from each-other; limiting communication and national debate adverse to their interests. COVID-19 panic pushes the national conversation into the digital space where Big Tech controls every element of the conversation.
♦Without COVID-19 panic Democrats cannot keep their Blue state economies easily shut-down and continue to block U.S. economic growth. All thriving economies are against the political interests of Democrats.
♦Without COVID-19 panic Democrats cannot easily keep club candidate Joe Biden sealed in the basement; where the electorate is not exposed to visible signs of his dementia.
♦Without COVID-19 panic it becomes more difficult for Big Tech to censor voices that would outline the fraud and scheme. With COVID-19 panic they have a better method and an excuse.
♦Without COVID-19 panic Democrats cannot advance, influence, or organize their preferred presidential debate format, a ‘virtual presidential debate’ series.
[Comrade Gretchen Whitmer knows this plan, hence she cancelled the Michigan venue]
All of these, and more, strategic outcomes are based on the manufactured weaponization of the COVID-19 virus to achieve a larger political objective. There is ZERO benefit to anyone other than Democrats for the overwhelming hype surrounding COVID-19.
It is not coincidental that all corporate media are all-in to facilitate the demanded fear that Democrats need in order to achieve their objectives. Thus there is an alignment of all big government institutions and multinationals to support the same.
Nothing is coincidental. Everything is political.