investmentwatchblog--2020-12-01--2021 is Already Optimized for Failure

2021 is Already Optimized for Failure

by Charles Hugh Smith via Of Two Minds One sure way to identify a system “ optimized for failure ” is if all the insiders are absolutely confident the system is “ optimized for my success ” .
I often discuss optimization here because it offers an insightful window into how systems become fragile and break down .
When we optimize something , we ’ re aiming to get the most bang for our buck : maximize our efficiency , profit , productivity , etc.
, while minimizing our costs .
To maximize our goal , whatever it is–profits , @ @ @ @ @ @ @ and buffers because these add costs and don ’ t boost our desired output .
They create resilience , i.e .
the ability to survive disruptions , but the logic of optimization is relentless : get rid of all extraneous costs , because resilience doesn ’ t boost the bottom line .
This trade-off–trading resilience for optimization–looks brilliant when everything goes according to plan .
But when events veer outside the narrow parameters of the optimized system , the system breaks down : supply chains break , safety procedures fail , and so @ @ @ @ @ @ @ strips away anti-fragility , Nassim Taleb ’ s term for the ability to not just survive disruptions but emerge stronger and more adaptable .
What happens when inflexible , sclerotic systems optimized to benefit self-serving insiders encounter chaotic turbulence or conditions outside the expected parameters ?
They collapse because the system is optimized for failure .
Put another way : when a system is optimized to benefit insiders at the expense of resilience and anti-fragility , it is effectively optimized to fail because life is not programmable to a steady-state , predictable stability @ @ @ @ @ @ @ in key ways : 1 .
The mRNA vaccines have not been properly tested to answer essential questions such as : can a vaccinated individual retain enough of the virus to infect an unvaccinated individual ?
As I explained before , the only way to really test a viral vaccine is to put the vaccinated volunteers in a controlled setting saturated with the virus for many hours .
If none of the volunteers have any virus in their post-exposure serological tests , then the vaccine works .
If the volunteers still have the @ @ @ @ @ @ @ ill , this doesn ’ t mean they can ’ t infect others .
One of the problems is the goal of the Covid vaccine trials wasn ’ t to determine if the virus was eliminated by the volunteers ’ immune system ; the goal of the trials was to determine whether the vaccinated individuals became severely ill with Covid or not–with “ severely ill ” being conveniently left undefined .
Individuals who ’ d already had Covid and who took the vaccine were not tested separately for safety and after-effects , so @ @ @ @ @ @ @ questions about the vaccines ’ real-world results will be answered in due time , but not in the lab ; they ’ ll be answered in a public-health “ experiment ” without precedent .
If you wanted to design a testing process that was optimized for failure , you ’ d end up with this haphazard , hurried process careening toward approval .
The trials and testing of the Covid vaccines are not equivalent to those applied to previous generations of vaccines .
The bigger the claims and the harder the sell , @ @ @ @ @ @ @ raised .
If a product works as wonderfully as advertised , it will sell itself .
If “ consumers ” have to be coerced into buying the product , that speaks volumes–whether we ’ re free to discuss it or not .
2 .
The fiscal-monetary “ solution ” being readied for 2021–print/borrow as many trillions as needed to prop up zombie corporations and obsolete institutions–is optimized for failure .
The unstated goal here is to save everything that ’ s been rigged to benefit self-serving insiders and never mind the consequences : @ @ @ @ @ @ @ can print infinite trillions with no ill effects .
This appears to be true until diminishing returns hit the wall and linear dynamics suddenly spin into non-linear semi-chaos .
At that point , all the levers that we reckoned were god-like in their stability and power–the Treasury selling bonds which the Federal Reserve then buys , and all the other financial tricks and manipulations–no longer work as expected .
3 .
The sacrosanct “ solutions ” that we worship as secular gods–central bank-dominated “ markets ” and the machinery of politics–are both optimized @ @ @ @ @ @ @ and politics have both incentivized extremes of indebtedness , leverage , corruption , fraud and waste , all under the happy belief that the banquet of consequences will never be served .
Alas , the tables are groaning with consequences that have been piling up for 12 long years of excess speculation , manipulation and happy-talk PR .
The policies of the past 20 years boil down to this : if we keep blowing ever-larger private-sector asset bubbles , rewarding the few who own most of these assets , this “ wealth ” @ @ @ @ @ @ @ This is of course completely delusional : by concentrating wealth in the hands ofthe few , the policies have also concentrated political power in these same hands .
Ours is a system perfected for extremes of inequality and corruption .
If you set out to design a social-political-economic system that was supremely optimized for failure , you ’ d end up with America ’ s status quo .
Today ’ s financiers are like French nobles being led off in chains discussing their next glorious party , oblivious to the end-game just ahead @ @ @ @ @ @ @ elites haggling over games in Rome ’ s Forum in 475 AD , months before what was left of the empire collapsed in a heap .
4 .
America ’ s social cohesion has been lost , leaving only empty platitudes , suppression and coercion .
“ We ’ re all in this together ” shouts the captain of the galley as those chained to the oars are flogged to keep a thoroughly corrupt and illusory “ growth ” alive .
With civic virtue lost to the moral corruption of maximizing private gain @ @ @ @ @ @ @ of society have crumbled , as I explained in Moral Decay Leads to Collapse .
One sure way to identify a system optimized for failure is if all the insiders are absolutely confident the system is optimized for my success regardless of how many policies serve the infinite greed of insiders and how many red warning flags are ignored .
If you found value in this content , please join me in seeking solutions by becoming a $ 1/month patron of my work via patreon.com .
My new book is available !
A @ @ @ @ @ @ @ Wealth of Our Shrinking Planet 20 % and 15 % discounts ( Kindle $ 7 , print $ 17 ) Read excerpts of the book for free ( PDF ) .
The Story Behind the Book and the Introduction .
The Frustrations of Unfairness Are Reaching a Boiling Point A Hacker ’ s Teleology : Sharing the Wealth of Our Shrinking Planet ( Kindle $ 8.95 , print $ 20 , audiobook coming soon ) Read the first section for free ( PDF ) .
Will You Be Richer or Poorer ?
: @ @ @ @ @ @ @ a Traumatized World ( Kindle $ 5 , print $ 10 , audiobook ) Read the first section for free ( PDF ) .
Pathfinding our Destiny : Preventing the Final Fall of Our Democratic Republic ( $ 5 ( Kindle ) , $ 10 ( print ) , ( audiobook ) : Read the first section for free ( PDF ) .
The Adventures of the Consulting Philosopher : The Disappearance of Drake $ 1.29 ( Kindle ) , $ 8.95 ( print ) ; read the first chapters for free ( @ @ @ @ @ @ @ 6.95 ( Kindle ) , $ 15 ( print ) Read the first section for free ( PDF ) .
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by Charles Hugh Smith via Of Two Minds
One sure way to identify a system “optimized for failure” is if all the insiders are absolutely confident the system is “optimized for my success”.
I often discuss optimization here because it offers an insightful window into how systems become fragile and break down. When we optimize something, we’re aiming to get the most bang for our buck: maximize our efficiency, profit, productivity, etc., while minimizing our costs.
To maximize our goal, whatever it is–profits, power, whatever– we strip away redundancy and buffers because these add costs and don’t boost our desired output. They create resilience, i.e. the ability to survive disruptions, but the logic of optimization is relentless: get rid of all extraneous costs, because resilience doesn’t boost the bottom line.
This trade-off–trading resilience for optimization–looks brilliant when everything goes according to plan. But when events veer outside the narrow parameters of the optimized system, the system breaks down: supply chains break, safety procedures fail, and so on.
Even more consequentially, optimization strips away anti-fragility, Nassim Taleb’s term for the ability to not just survive disruptions but emerge stronger and more adaptable.
What happens when inflexible, sclerotic systems optimized to benefit self-serving insiders encounter chaotic turbulence or conditions outside the expected parameters? They collapse because the system is optimized for failure. Put another way: when a system is optimized to benefit insiders at the expense of resilience and anti-fragility, it is effectively optimized to fail because life is not programmable to a steady-state, predictable stability.
2021 is already optimized for failure in key ways:
1. The mRNA vaccines have not been properly tested to answer essential questions such as: can a vaccinated individual retain enough of the virus to infect an unvaccinated individual?
As I explained before, the only way to really test a viral vaccine is to put the vaccinated volunteers in a controlled setting saturated with the virus for many hours. If none of the volunteers have any virus in their post-exposure serological tests, then the vaccine works. If the volunteers still have the virus but didn’t become severely ill, this doesn’t mean they can’t infect others.
One of the problems is the goal of the Covid vaccine trials wasn’t to determine if the virus was eliminated by the volunteers’ immune system; the goal of the trials was to determine whether the vaccinated individuals became severely ill with Covid or not–with “severely ill” being conveniently left undefined.
Individuals who’d already had Covid and who took the vaccine were not tested separately for safety and after-effects, so this remains an unknown.
The unanswered questions about the vaccines’ real-world results will be answered in due time, but not in the lab; they’ll be answered in a public-health “experiment” without precedent.
If you wanted to design a testing process that was optimized for failure, you’d end up with this haphazard, hurried process careening toward approval. The trials and testing of the Covid vaccines are not equivalent to those applied to previous generations of vaccines.
The bigger the claims and the harder the sell, the greater the number of red flags raised. If a product works as wonderfully as advertised, it will sell itself. If “consumers” have to be coerced into buying the product, that speaks volumes–whether we’re free to discuss it or not.
2. The fiscal-monetary “solution” being readied for 2021–print/borrow as many trillions as needed to prop up zombie corporations and obsolete institutions–is optimized for failure. The unstated goal here is to save everything that’s been rigged to benefit self-serving insiders and never mind the consequences: we’ve “proven” we can print infinite trillions with no ill effects.
This appears to be true until diminishing returns hit the wall and linear dynamics suddenly spin into non-linear semi-chaos. At that point, all the levers that we reckoned were god-like in their stability and power–the Treasury selling bonds which the Federal Reserve then buys, and all the other financial tricks and manipulations–no longer work as expected.
3. The sacrosanct “solutions” that we worship as secular gods–central bank-dominated “markets” and the machinery of politics–are both optimized for failure. The “market” and politics have both incentivized extremes of indebtedness, leverage, corruption, fraud and waste, all under the happy belief that the banquet of consequences will never be served. Alas, the tables are groaning with consequences that have been piling up for 12 long years of excess speculation, manipulation and happy-talk PR.
The policies of the past 20 years boil down to this: if we keep blowing ever-larger private-sector asset bubbles, rewarding the few who own most of these assets, this “wealth” will magically restore our economic health. This is of course completely delusional: by concentrating wealth in the hands ofthe few, the policies have also concentrated political power in these same hands.
We are primarily funded by readers. Please subscribe and donate to support us!
Ours is a system perfected for extremes of inequality and corruption.
If you set out to design a social-political-economic system that was supremely optimized for failure, you’d end up with America’s status quo. Today’s financiers are like French nobles being led off in chains discussing their next glorious party, oblivious to the end-game just ahead. The political class are like the elites haggling over games in Rome’s Forum in 475 AD, months before what was left of the empire collapsed in a heap.
4. America’s social cohesion has been lost, leaving only empty platitudes, suppression and coercion. “We’re all in this together” shouts the captain of the galley as those chained to the oars are flogged to keep a thoroughly corrupt and illusory “growth” alive. With civic virtue lost to the moral corruption of maximizing private gain by any means available, the foundations of society have crumbled, as I explained in Moral Decay Leads to Collapse.
One sure way to identify a system optimized for failure is if all the insiders are absolutely confident the system is optimized for my success regardless of how many policies serve the infinite greed of insiders and how many red warning flags are ignored.
If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.
My new book is available! A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17)
Read excerpts of the book for free (PDF).
The Story Behind the Book and the Introduction.
Recent Podcasts:
The Frustrations of Unfairness Are Reaching a Boiling Point
AxisofEasy Salon #31: The Covid Episode (1 hr)
My COVID-19 Pandemic Posts
My recent books:
A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook coming soon) Read the first section for free (PDF).
Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).
Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).
The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)
Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).
Become a $1/month patron of my work via patreon.com.


investmentwatchblog--2020-12-01--Trump Pardons Flynn…It’s a Good Start!

Trump Pardons Flynn…It’s a Good Start!

by Ron Paul of Ron Paul Institute for Peace and Prosperity Last week President Trump granted a “ full pardon ” to Gen. Michael Flynn , his first National Security Advisor .
In a White House statement announcing the pardon , the Administration pointed out that the relentless pursuit of Flynn was a partisan effort to overturn the results of the 2016 election .
The pursuit of Flynn was spearheaded by people who refused to accept the results of the 2016 election and worked to undermine the peaceful transfer of power , said the White House .
These same people @ @ @ @ @ @ @ the election by challenging what appears to be serious voting irregularities in the 2020 presidential election .
The White House statement also cites partisans in politics , the media , and the Deep State which sought to prevent Trump from being elected , to prevent him from taking office once elected , and to remove him on false pretenses once in office .
In order to push the false narrative that Trump was somehow elected due to the intervention of Russian President Vladimir Putin , the coup-masters had to make it appear that @ @ @ @ @ @ @ business with the Russians .
Flynn was the unlucky victim of their smear machine , accused of “ Russia collusion ” over an innocent telephone call with the then-Russian Ambassador in Washington during the transition to a Trump Administration .
Yet when Joe Biden ’ s transition people bragged recently that Biden was connecting with foreign officials before inaugurated , the media praised it as a welcome return of the “ experts ” to foreign policy .
While it is very good news that President Trump is in the mood to pardon those @ @ @ @ @ @ @ I very much hope that he is only warming up .
It would be a great tragedy if other Deep State victims are left to suffer for their non-crimes .
Tweeting about her legislation that calls for charges against Edward Snowden and Julian Assange to be dropped and the Espionage Act reformed , US Rep. Tulsi Gabbard told President Trump , “ since you ’ re giving pardons to people , please consider pardoning those who , at great personal sacrifice , exposed the deception and criminality of those in the deep state.
@ @ @ @ @ @ @ , a Ron Paul Institute Board Member , is a co-sponsor of Rep. Gabbard ’ s legislation , making it a real bipartisan effort to restore the rule of law in the United States and to rein in the Beltway warmongers .
Edward Snowden and Julian Assange are not criminals .
They are heroes for telling us the truth about what criminals in government were doing in our name and with our money .
The fact is we were lied into war over and over again .
While those wars were profitable for @ @ @ @ @ @ @ the lives of hundreds of thousands of innocent people overseas and robbed our own children and grandchildren of trillions of dollars wasted on neocon lies .
And meanwhile , as Ed Snowden showed us , the intelligence community declared us the enemy and set up an elaborate internal spy network that would make the East German Stasi green with envy .
President Trump : you have the incredible opportunity to right the terrible wrongs perpetrated by the Obama/Biden Administration .
History will smile kindly upon you if you also grant full pardon to @ @ @ @ @ @ @ any other truth-teller who faces persecution for exposing the Deep State warmongers .

by Ron Paul of Ron Paul Institute for Peace and Prosperity
Last week President Trump granted a “full pardon” to Gen. Michael Flynn, his first National Security Advisor. In a White House statement announcing the pardon, the Administration pointed out that the relentless pursuit of Flynn was a partisan effort to overturn the results of the 2016 election.
The pursuit of Flynn was spearheaded by people who refused to accept the results of the 2016 election and worked to undermine the peaceful transfer of power, said the White House. These same people are the ones accusing Trump of undermining the election by challenging what appears to be serious voting irregularities in the 2020 presidential election.
That is called “projection.”
The White House statement also cites partisans in politics, the media, and the Deep State which sought to prevent Trump from being elected, to prevent him from taking office once elected, and to remove him on false pretenses once in office.
In order to push the false narrative that Trump was somehow elected due to the intervention of Russian President Vladimir Putin, the coup-masters had to make it appear that a high-ranking official was involved in monkey business with the Russians. Flynn was the unlucky victim of their smear machine, accused of “Russia collusion” over an innocent telephone call with the then-Russian Ambassador in Washington during the transition to a Trump Administration.
Yet when Joe Biden’s transition people bragged recently that Biden was connecting with foreign officials before inaugurated, the media praised it as a welcome return of the “experts” to foreign policy.
We are primarily funded by readers. Please subscribe and donate to support us!
While it is very good news that President Trump is in the mood to pardon those victims of the warmongering Deep State, I very much hope that he is only warming up. It would be a great tragedy if other Deep State victims are left to suffer for their non-crimes.
Tweeting about her legislation that calls for charges against Edward Snowden and Julian Assange to be dropped and the Espionage Act reformed, US Rep. Tulsi Gabbard told President Trump, “since you’re giving pardons to people, please consider pardoning those who, at great personal sacrifice, exposed the deception and criminality of those in the deep state.”
My good friend Rep. Thomas Massie, a Ron Paul Institute Board Member, is a co-sponsor of Rep. Gabbard’s legislation, making it a real bipartisan effort to restore the rule of law in the United States and to rein in the Beltway warmongers.
Edward Snowden and Julian Assange are not criminals. They are heroes for telling us the truth about what criminals in government were doing in our name and with our money.
The fact is we were lied into war over and over again. While those wars were profitable for the military-industrial-Congressional-media complex, they snuffed out the lives of hundreds of thousands of innocent people overseas and robbed our own children and grandchildren of trillions of dollars wasted on neocon lies. And meanwhile, as Ed Snowden showed us, the intelligence community declared us the enemy and set up an elaborate internal spy network that would make the East German Stasi green with envy.
President Trump: you have the incredible opportunity to right the terrible wrongs perpetrated by the Obama/Biden Administration. History will smile kindly upon you if you also grant full pardon to Julian Assange and Edward Snowden – and any other truth-teller who faces persecution for exposing the Deep State warmongers.


investmentwatchblog--2020-12-01--Technically Speaking: Is The Narrative All “Priced In?”

Is the narrative all “ priced in ?
” As discussed over the past couple of weeks , investors have gone “ all in.
” With the markets now extremely extended , what should investors do now ?
On Saturday , I discussed the risks as we head into distribution season .
However , while we may undoubtedly experience a pick up in volatility short-term due to distributions , longer-term the markets tend to be “ forward-looking.
” In theory , the markets are a “ discounting mechanism ” and start to adjust for expected outcomes .
In this case @ @ @ @ @ @ @ in ” a recovery in economic growth and earnings as a “ vaccine ” begins to reduce the drag caused by the pandemic .
However , with markets at all-time highs , investors have priced in “ perfection , ” leaving room for “ disappointment.
” For example , in Q4-2019 , the S & P 500 finished the year at 3230.78 , up 27.6 % for the year .
The basis of the rally was a trade deal ( which never occurred , ) tax cuts and massive levels of share buybacks @ @ @ @ @ @ @ that reported earnings for the fiscal year 2020 would be roughly $ 167/share .
Investors justified paying 19.35x earnings due to low-interest rates and expected strong economic growth .
Unfortunately , that didn ’ t occur .
Instead , the economy got hit by a pandemic , a recession , and surging levels of unemployment .
Nonetheless , due to massive government interventions , the market recovered to trading near all-time highs , up more than 11 % for the year .
However , earnings for 2020 will not come in at $ @ @ @ @ @ @ @ 93/share .
Such is more than $ 74 lower than estimated , leaving investors holding assets that have doubled in valuation from 19x to 38x earnings .
Investors are currently rushing into already overvalued assets once again based on expectations that 2021 earnings will rise to $ 143.09/share .
The problem is that while investors chased the market higher , 2021 estimates collapsed by roughly $ 30/share .
The issue for investors is that historically analysts are roughly 30 % too optimistic about the future .
But it ’ s not just the @ @ @ @ @ @ @ the short-term , investors cling to the idea that “ fundamentals don ’ t matter.
” Such is not entirely incorrect as “ market momentum ” is a hard thing to kill .
When the “ Fear Of Missing Out ” overrides logic , the markets can make irrational moves .
As noted in this week ’ s newsletter : That sentiment has pushed market speculation to more extreme levels , which have historically coincided with short- to intermediate-term corrections .
As shown below , over the longer-term , such deviations from long-term @ @ @ @ @ @ @ .
The deviation above the 225-day moving average is now at 15 % , which is typically associated with at least short-term market peaks .
( Last time was at the September highs ) The 52-week moving average deviation is just slightly below 15 % .
Such is historically associated with market peaks .
( Last time at this level was January 2018 , and at 13.5 % in February 2020 ) On a monthly basis , the deviation is at 17.5 % of the 24-month moving average .
While we have seen @ @ @ @ @ @ @ now in the territory of more meaningful market corrections .
While the markets can certainly go higher from here , the point is that they are unlikely to do so without a correction or consolidation , first .
Currently , investor sentiment is about as “ bullish ” as it can get .
We produce a weekly fear/greed index for our RIAPRO subscribers ( Free 30-day Trial ) The “ Fear/Greed ” gauge is how individual and professional investors are “ positioning ” themselves in the market based on their equity exposure .
@ @ @ @ @ @ @ the allocation to equities , to more likely the market is closer to a correction than not .
( The gauge uses weekly closing data . )
However , even the CNN Fear/Greed gauge is pushing “ bullish ” levels .
Also , I have rarely seen a period where every sector and market is trading above its relative risk/reward range outside of Utilities .
Again , not surprisingly , the deviations from long-term means are also at more historical levels .
None of this means a correction MUST occur .
Much like @ @ @ @ @ @ @ , it requires a “ catalyst ” to ignite it .
Lot ’ s Of Risks To The Bullish Outlook Many issues could provide such a “ spark.
” • The market has fully priced in whatever economic recovery we are likely to see near-term .
• There is clear evidence of weakening economic data and slower earnings growth .
• Investors are counting on a “ vaccine ” to restore the economy to its previous strength fully .
• The markets have dismissed the negative impact of the economic shutdown .
• @ @ @ @ @ @ @ additional stimulus to sustain economic growth and recovery .
• The Fed is on the sidelines for now .
Without additional Treasury issuance , the Fed has less ability to provide additional liquidity to the market .
• While the economy is indeed recovering , along with employment , it will still likely fall well short of pre-pandemic levels stifling future earnings growth and revenues .
• Investors pay exceedingly high valuations based on a full earnings recovery , which is unlikely to be the case .
These are just some broad thoughts @ @ @ @ @ @ @ equities and leveraged , it is an unexpected , exogenous event , which begins the rush for the exit .
What exactly will that catalyst be ?
No one knows , just as no one expected the “ pandemic ” in March .
Whatever the catalyst eventually is , the common refrain will be that “ no one could have seen it coming.
” The reason we have and continue to suggest selling this rally is that , until the pattern changes , the market exhibiting all traits of a “ topping process.
@ @ @ @ @ @ @ long-term monthly chart .
Since 2009 , whenever the monthly MACD “ buy signal ” was this elevated , it typically correlated to a short- to intermediate-term market peak .
At each point , the “ bullish story ” was the same .
However , the primary warning signs to investors were also the same : • A failure of the economy to live up to market expectations As we head into year-end , we will be navigating the risk of overly extended and bullish markets against the seasonally strong end of year @ @ @ @ @ @ @ 3-Minutes ” on Monday , we expect a short-term correction over the next couple of weeks as “ distribution season ” ensues .
However , following that , the annual “ Santa Claus ” rally into year-end is likely .
We will act accordingly and increase equity risk in portfolios as needed .
Such is just how we manage money .
We believe that over the long-term , capital preservation and risk management leads to better outcomes .
If you disagree , that is okay .
When the opportunity presents itself , and @ @ @ @ @ @ @ these are the questions we will ask ourselves before we add exposure to portfolios : • What is the expected return from current valuation levels ?
( ___ % ) • If I am wrong , given my current risk exposure , what is my potential downside ?
( ___ % ) • If # 2 is greater than # 1 , then what actions should I be taking now ?
( # 2 – # 1 = ___ % ) How you answer those questions is entirely up to you .
What @ @ @ @ @ @ @ up to you .
You have to ask yourself how much of the “ narrative ” has already gotten priced into the market ?
By looking at the data , it would be easy to assume the answer is “ much .
”

by Lance Roberts
Is the narrative all “priced in?”
As discussed over the past couple of weeks, investors have gone “all in.” With the markets now extremely extended, what should investors do now?
On Saturday, I discussed the risks as we head into distribution season.
“Given the ongoing extremes of the market, the imbalances suggest a more cautious approach to portfolios currently. As such, we continued reducing our equity exposure, adjusting our bond holdings, and raising our cash levels. As shown below, with fund managers carrying some of the lowest cash balances on record, we could see selling pressure to make distributions.”
However, while we may undoubtedly experience a pick up in volatility short-term due to distributions, longer-term the markets tend to be “forward-looking.” In theory, the markets are a “discounting mechanism” and start to adjust for expected outcomes.
Overly Optimistic
In this case, the market should be “pricing in” a recovery in economic growth and earnings as a “vaccine” begins to reduce the drag caused by the pandemic. However, with markets at all-time highs, investors have priced in “perfection,” leaving room for “disappointment.”
For example, in Q4-2019, the S&P 500 finished the year at 3230.78, up 27.6% for the year. The basis of the rally was a trade deal (which never occurred,) tax cuts and massive levels of share buybacks. At that time, analysts estimated that reported earnings for the fiscal year 2020 would be roughly $167/share. Investors justified paying 19.35x earnings due to low-interest rates and expected strong economic growth.
Unfortunately, that didn’t occur. Instead, the economy got hit by a pandemic, a recession, and surging levels of unemployment. Nonetheless, due to massive government interventions, the market recovered to trading near all-time highs, up more than 11% for the year.
However, earnings for 2020 will not come in at $167/share, but rather closer to $93/share. Such is more than $74 lower than estimated, leaving investors holding assets that have doubled in valuation from 19x to 38x earnings.
Investors are currently rushing into already overvalued assets once again based on expectations that 2021 earnings will rise to $143.09/share. The problem is that while investors chased the market higher, 2021 estimates collapsed by roughly $30/share.
The issue for investors is that historically analysts are roughly 30% too optimistic about the future.
Overly Optimistic
But it’s not just the analysts that are overly optimistic. In the short-term, investors cling to the idea that “fundamentals don’t matter.” Such is not entirely incorrect as “market momentum” is a hard thing to kill. When the “Fear Of Missing Out” overrides logic, the markets can make irrational moves. As noted in this week’s newsletter:
“You have to wonder precisely how much ‘gas is left in the tank’ when even ‘perma-bears’ are now bullish. Therefore, the question we should ask is ‘if everyone is in, who is left to buy?’”
That sentiment has pushed market speculation to more extreme levels, which have historically coincided with short- to intermediate-term corrections. As shown below, over the longer-term, such deviations from long-term means have rarely ended well for investors.
The deviation above the 225-day moving average is now at 15%, which is typically associated with at least short-term market peaks. (Last time was at the September highs)
The 52-week moving average deviation is just slightly below 15%. Such is historically associated with market peaks. (Last time at this level was January 2018, and at 13.5% in February 2020)
On a monthly basis, the deviation is at 17.5% of the 24-month moving average. While we have seen higher levels historically, the market is now in the territory of more meaningful market corrections.
While the markets can certainly go higher from here, the point is that they are unlikely to do so without a correction or consolidation, first.
Bullish Sentiment Abounds
Currently, investor sentiment is about as “bullish” as it can get. We produce a weekly fear/greed index for our RIAPRO subscribers (Free 30-day Trial)
The “Fear/Greed” gauge is how individual and professional investors are “positioning” themselves in the market based on their equity exposure. From a contrarian position, the higher the allocation to equities, to more likely the market is closer to a correction than not. (The gauge uses weekly closing data.)
However, even the CNN Fear/Greed gauge is pushing “bullish” levels.
We are primarily funded by readers. Please subscribe and donate to support us!
Also, I have rarely seen a period where every sector and market is trading above its relative risk/reward range outside of Utilities. Again, not surprisingly, the deviations from long-term means are also at more historical levels.
None of this means a correction MUST occur. Much like “gasoline” stored in a tank, it requires a “catalyst” to ignite it.
Lot’s Of Risks To The Bullish Outlook
Many issues could provide such a “spark.”
The market has fully priced in whatever economic recovery we are likely to see near-term. There is clear evidence of weakening economic data and slower earnings growth. Investors are counting on a “vaccine” to restore the economy to its previous strength fully. The markets have dismissed the negative impact of the economic shutdown. Market participants have discounted the need the additional stimulus to sustain economic growth and recovery. The Fed is on the sidelines for now. Without additional Treasury issuance, the Fed has less ability to provide additional liquidity to the market. While the economy is indeed recovering, along with employment, it will still likely fall well short of pre-pandemic levels stifling future earnings growth and revenues. Investors pay exceedingly high valuations based on a full earnings recovery, which is unlikely to be the case.
These are just some broad thoughts. However, when everyone is long equities and leveraged, it is an unexpected, exogenous event, which begins the rush for the exit.
What exactly will that catalyst be? No one knows, just as no one expected the “pandemic” in March.
Whatever the catalyst eventually is, the common refrain will be that “no one could have seen it coming.”
It’s Still A “Sellable Rally.”
The reason we have and continue to suggest selling this rally is that, until the pattern changes, the market exhibiting all traits of a “topping process.”
Weak participation
Failure at long-term resistance
Extreme bullish speculation
Negative divergences in relative strength
We can show this in a long-term monthly chart.
Since 2009, whenever the monthly MACD “buy signal” was this elevated, it typically correlated to a short- to intermediate-term market peak. At each point, the “bullish story” was the same.
Earnings are still strong.
Economic data suggests the economy is growing strongly.
It’s a “Goldilocks Economy”
The Fed is remaining “accommodative.”
However, the primary warning signs to investors were also the same:
A failure of the economy to live up to market expectations
The rise in volatility
A decline in bond yields.
A shortfall in corporate profits and earnings
Calculating The Madness
Sir Isaac Newton once said:
“I can calculate the motions of the heavenly bodies, but not the madness of the people..”
As we head into year-end, we will be navigating the risk of overly extended and bullish markets against the seasonally strong end of year period. As discussed in our “3-Minutes” on Monday, we expect a short-term correction over the next couple of weeks as “distribution season” ensues.
However, following that, the annual “Santa Claus” rally into year-end is likely. We will act accordingly and increase equity risk in portfolios as needed.
Such is just how we manage money. We believe that over the long-term, capital preservation and risk management leads to better outcomes.
If you disagree, that is okay.
When the opportunity presents itself, and the “madness has subsided,” these are the questions we will ask ourselves before we add exposure to portfolios:
What is the expected return from current valuation levels? (___%) If I am wrong, given my current risk exposure, what is my potential downside? (___%) If #2 is greater than #1, then what actions should I be taking now? (#2 – #1 = ___%)
How you answer those questions is entirely up to you.
What you do with the answers is also up to you.
You have to ask yourself how much of the “narrative” has already gotten priced into the market?
By looking at the data, it would be easy to assume the answer is “much.”


investmentwatchblog--2020-12-01--Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’

Is China ripe for a subprime crisis ?
Regulator sees bank property loans as ‘ biggest grey rhino risk ’ @ @ @ @

Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system t.co/cVF8EeDBkw
— Edward Harrison (@edwardnh) December 1, 2020


investmentwatchblog--2020-12-01--Risk assets are pricing in a more rapid economic recovery AND infinite stimulus; the result: people

Risk assets are pricing in a more rapid economic recovery AND infinite stimulus; the result: people keep buying at record highs. This is called absurdity! — Marc-André Fongern (@Fongern_FX) December 1, 2020
The S&P 500 has moved far beyond its peak price-sales revenue from March 2000, when the dot-com bubble years ended. See my Chart of the Day. t.co/kzj84HyJUT pic.twitter.com/UwvgAlzlCG — Bloomberg Radio's Dave Wilson (@TheOneDave) November 30, 2020
VIX suppresion.exe .. many people are shorting vol what could go wrong right? — Alessio Urban (@AlessioUrban) November 30, 2020
fat finger testing btc liquidity… pic.twitter.com/FZBhwEYYHN — SolidusMax (@SolidusMax) December 1, 2020
Don't stimulate bankrupt branches of the economy – ECB really doesn't understand what they've been doing. 20% of all companies are insolvent in Spain (AND NOT NEEDED – so economy can rebalance those people to newly created branches, but ECB still trying to disturb this process). t.co/lbRDlUQxz6 — GregTheAnalyst (@Analyst_G) December 1, 2020


investmentwatchblog--2020-12-01--Gold and real rate divergence. Jaw opened up. Points to potential gains in the PM?

Last tweet ( s ) before I go into hibernation to pump out another mo .
newsletter ( Dec. 2020 @ @ @ @ @ end of week ) .
This could be an important chart from Tavi Costa at @ @ @ @ @ been citing real yields – which had been rising ( yields less negative ) – @ @ @ @ @ t.co/bsO5DHOHeX

Last tweet(s) before I go into hibernation to pump out another mo. newsletter (Dec. 2020, #395, ETA end of week). This could be an important chart from Tavi Costa at Crescat. Gold bears had been citing real yields – which had been rising (yields less negative) – but now aren't. t.co/bsO5DHOHeX
— fred hickey (@htsfhickey) November 30, 2020


investmentwatchblog--2020-12-01--An In Depth Look Into Carnival Cruise Corp. (CCL) And Why This Stock Is A Ticking Time Bomb For Gain

An In Depth Look Into Carnival Cruise Corp. (CCL) And Why This Stock Is A Ticking Time Bomb For Gains Come 2021

Alright guys , it ’ s your favorite Adderall munching retard back again with another stock DD ( here is link to my last one Link .
This time I ’ m going to look at another potential meme stock that is being COMPLETELY overlooked by WSB and why it has the extremely high probability of just exploding in value like Palantir come 2021 .
Now my analysis of CCL is broken down into 5 parts : Covid Vaccine , credit market sentiment , insider trades , pent-up demand , and the balance sheet .
Since this post is pretty @ @ @ @ @ @ @ be provided at the top of each section .
TL ; DR : High probability of vaccine rollout in the US starting early to mid-2021 .
Once this news hit the market , investors will start pricing in a post covid world for travel companies and the stock could go back to ATHs as things go “ back to normal.
” With the recent announcement of Moderna and Pfizer vaccines having a 95 % efficacy rate , we are starting to see a massive shift into cyclical stocks and some capital outflow away @ @ @ @ @ @ @ I am still long-term bullish on these tech stocks , I still believe that this flow into cyclicals still have a LONG WAY to go before it is exhausted .
The reason why I am saying this is because travel stocks like CCL , AAL , etc are still trading more closely to their March lows than their ATHs pre pandemic .
This is our opportunity because I believe the reason why travel stocks haven ’ t yet recovered to their ATHs like tech is that even though a vaccine is priced in @ @ @ @ @ @ @ to be .
Right now there is no solid set date but I think that a 2021 rollout of vaccines in the U.S has a very high probability .
The reason why I say this is because the US will be the first country to rollout its vaccine ( vaccine date ) and in Canada where I live , our government already said that the Pfizer vaccine will receive the green light this year and we can start receiving the first shipments of it early next year ( Rollout Timeline ) .
Once @ @ @ @ @ @ @ , I believe the market will start pricing in a world post covid and this could be the catalyst to boost travel and tourism back to their ATHs and maybe even higher .
Right now , I think one of the main reason why a lot of investors are hesitant to invest in CCL is because of the winter months and they want to see how it all rolls out , but remember , stocks are forward-looking and once vaccines are being rolled out , don ’ t be surprised if this final @ @ @ @ @ @ @ investors start rushing in .
TL ; DR : Bond traders are extremely bullish on this company meaning that the fundamentals are still rock solid despite the no sail order .
Because of this stock is extremely oversold and is trading well below what its justified based on core fundamentals .
Since most of you probably don ’ t know this , CCL did two major debt offerings during the pandemic , and boy oh boy did the investors gobble up every dollar .
CCL did their first debt offering back in April @ @ @ @ @ @ @ debt that paid 11.5 % coupon .
Demand was so great for the bond that of the $ 4bil offered , $ 17bil was used to bid up the price .
It was so frenzied that Carnival decided to issue out an extra billion AND cut its coupon rate , something that was unheard of in an investment grade company ( Debt Issuance ) .
Yeah you read that right .
When the stock of the company is cratering down into the 9 levels of hell , bond investors remain extremely bullish on @ @ @ @ @ @ @ to some of you but keep in mind that credit investors look at different factors than equity investors .
In the credit market , transactions are still done dealer to dealer and investors are mostly concerned with whether or not a company is able to pay back its debt with its future earnings buy focusing on the fundamentals .
Because of this , credit markets are often a good indication on a company ’ s fundamental value and where the economy is likely to head in the near future .
Judging by the @ @ @ @ @ @ @ debt it would appear that despite having a no sail order , the fundamentals of the company remain relatively intact and the stock is most likely extremely oversold back in March .
CCL ’ s second offering was a couple of weeks ago in November and guess what , investors gobbled up that shit to .
This time the company issued $ 2bil worth of debt and unlike last time , the company won ’ t pledge collateral .
The demand for CCL ’ s bonds are so high right now that the @ @ @ @ @ @ @ under 12 % is now trading at a significant premium and yielding only 5 % .
This means whoever bought their debt back in April can now turn around and sell those bonds back to market at a massive gain because with bonds , the interest rate goes down , price go up .
To sum this part up , it would appear that the credit market is extremely bullish on the long-term prospects of this company .
Since the credit market is more focused on the fundamentals , it would appear that @ @ @ @ @ @ @ extremely over done for the company and the stocks are most likely trading at a heavy discount .
TL ; DR : Company insiders are eating up shares like a fat kid does cookies .
I have never seen such rampant insider buying before .
Get in retards .
📷Paying attention to what the company ’ s executives and BoD are doing are a pretty good way of seeing where the company is likely to go in the near future .
So I went on Quiver Quantitative and gentlemen , what I found @ @ @ @ @ @ @ snapshot .
What you are seeing there is a ratio of almost 21:1 for shares bought to sold .
This is probably the highest ratio I have ever seen for any stock , ever .
What this means is that company insiders are extremely bullish on this company and if they are willing to put this much money where their mouth is , you should probably to .
TL ; DR : People that go on cruises could not give two shits about the coronavirus .
There is an extremely high pent-up demand @ @ @ @ @ @ @ the 100,000 volunteers that showed up for a trial cruise by Royal Caribbean .
I ’ m going to keep this part simple .
People don ’ t care about the virus as much as the media likes to put them out to be .
Right now there is SERIOUS pent-up demand for cruises to be back at full steam again .
A good example of this is that recently Royal Caribbean wanted to arrange trial cruises in order to convince regulators that it can run successful Covid-free trips .
Guess how many @ @ @ @ @ @ @ ?
1,000 ?
Well , if you guessed 100,000 you are correct ( Link ) .
The company is completely blown away by this and it really shows how much pent up demand there is for cruises .
As an icing on the cake , here is a link for a Joe Rogan clip in which he discusses cruises with guest Tim Dillon : Link This clip essentially explains what cruise people are really like and whether or not the industry is simply going to “ go away.
” Spoilers , it ’ @ @ @ @ @ @ @ Financial statements are rock solid .
Total assets outweigh total liabilities by a long margin meaning company is extremely solvent .
Current cash outflow suggests that the company has more than enough to outlast most of 2021 without having to raise capital .
Lastly , company can also easily raise debt to handle any short term liquidity needs .
The balance sheet is fucking solid .
Total assets out-weigh total liabilities by 19.5bil which should put to rest any fears of solvency .
Current assets are about 900million short of current liabilities but @ @ @ @ @ @ @ company can raise cash , liquidity shouldn ’ t be an issue .
In addition I also looked at their operating cash flow and with 0 cruises , they have -4.6bil operating CF for 9 months ended .
But considering their current cash balance of 8.1bil , they easily have enough cash to cover most of 2021 and that ’ s not even considering raising capital .
Play stocks or long term ITM or ATM calls .
The idea is to profit off of the potential pop in price come 2021 when things @ @ @ @ @ @ @ the vaccine rolls out .
Do not buy far OTM or FDs for this play as anything can happen to the rollout causing a dip in price .
If you are buying options go for options that expire preferably near year-end 2021 .
That way theta gang won ’ t eat you alive if vaccine rollout gets delayed .
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 or consult your financial professional @ @ @ @ @ @

by GushingGranny1
Alright guys, it’s your favorite Adderall munching retard back again with another stock DD (here is link to my last one Link. This time I’m going to look at another potential meme stock that is being COMPLETELY overlooked by WSB and why it has the extremely high probability of just exploding in value like Palantir come 2021.
Now my analysis of CCL is broken down into 5 parts: Covid Vaccine, credit market sentiment, insider trades, pent-up demand, and the balance sheet. Since this post is pretty long, a TL;DR will be provided at the top of each section.
Covid Vaccine
TL;DR: High probability of vaccine rollout in the US starting early to mid-2021. Once this news hit the market, investors will start pricing in a post covid world for travel companies and the stock could go back to ATHs as things go “back to normal.”
With the recent announcement of Moderna and Pfizer vaccines having a 95% efficacy rate, we are starting to see a massive shift into cyclical stocks and some capital outflow away from WFH stocks like Zoom. Although I am still long-term bullish on these tech stocks, I still believe that this flow into cyclicals still have a LONG WAY to go before it is exhausted. The reason why I am saying this is because travel stocks like CCL, AAL, etc are still trading more closely to their March lows than their ATHs pre pandemic. This is our opportunity because I believe the reason why travel stocks haven’t yet recovered to their ATHs like tech is that even though a vaccine is priced in, the rollout of it has yet to be. Right now there is no solid set date but I think that a 2021 rollout of vaccines in the U.S has a very high probability. The reason why I say this is because the US will be the first country to rollout its vaccine (vaccine date) and in Canada where I live, our government already said that the Pfizer vaccine will receive the green light this year and we can start receiving the first shipments of it early next year (Rollout Timeline). Once these dates become more set in stone, I believe the market will start pricing in a world post covid and this could be the catalyst to boost travel and tourism back to their ATHs and maybe even higher. Right now, I think one of the main reason why a lot of investors are hesitant to invest in CCL is because of the winter months and they want to see how it all rolls out, but remember, stocks are forward-looking and once vaccines are being rolled out, don’t be surprised if this final barrier of price resistance is broken and investors start rushing in.

Credit Market Sentiment
TL;DR: Bond traders are extremely bullish on this company meaning that the fundamentals are still rock solid despite the no sail order. Because of this stock is extremely oversold and is trading well below what its justified based on core fundamentals.
Since most of you probably don’t know this, CCL did two major debt offerings during the pandemic, and boy oh boy did the investors gobble up every dollar.
CCL did their first debt offering back in April 1 by issuing out $4bil in debt that paid 11.5% coupon. Demand was so great for the bond that of the $4bil offered, $17bil was used to bid up the price. It was so frenzied that Carnival decided to issue out an extra billion AND cut its coupon rate, something that was unheard of in an investment grade company (Debt Issuance).
Yeah you read that right. When the stock of the company is cratering down into the 9 levels of hell, bond investors remain extremely bullish on the company. This might seem confusing to some of you but keep in mind that credit investors look at different factors than equity investors. In the credit market, transactions are still done dealer to dealer and investors are mostly concerned with whether or not a company is able to pay back its debt with its future earnings buy focusing on the fundamentals. Because of this, credit markets are often a good indication on a company’s fundamental value and where the economy is likely to head in the near future. Judging by the high demand for the company’s debt it would appear that despite having a no sail order, the fundamentals of the company remain relatively intact and the stock is most likely extremely oversold back in March.
CCL’s second offering was a couple of weeks ago in November and guess what, investors gobbled up that shit to. This time the company issued $2bil worth of debt and unlike last time, the company won’t pledge collateral. The demand for CCL’s bonds are so high right now that the debt they issued in April at just under 12% is now trading at a significant premium and yielding only 5%. This means whoever bought their debt back in April can now turn around and sell those bonds back to market at a massive gain because with bonds, the interest rate goes down, price go up.
To sum this part up, it would appear that the credit market is extremely bullish on the long-term prospects of this company. Since the credit market is more focused on the fundamentals, it would appear that the sell off back in March was extremely over done for the company and the stocks are most likely trading at a heavy discount.

Insider Trades
TL;DR: Company insiders are eating up shares like a fat kid does cookies. I have never seen such rampant insider buying before. Get in retards.
📷Paying attention to what the company’s executives and BoD are doing are a pretty good way of seeing where the company is likely to go in the near future. So I went on Quiver Quantitative and gentlemen, what I found was truly shocking. Here is a snapshot.

preview.redd.it/imb2fskxte261.png?width=1611&format=png&auto=webp&s=9356324fcb6128da8ba67e6e9528c27358e71370
We are primarily funded by readers. Please subscribe and donate to support us!
What you are seeing there is a ratio of almost 21:1 for shares bought to sold. This is probably the highest ratio I have ever seen for any stock, ever. What this means is that company insiders are extremely bullish on this company and if they are willing to put this much money where their mouth is, you should probably to.

Society’s View On Cruises
TL;DR: People that go on cruises could not give two shits about the coronavirus. There is an extremely high pent-up demand for cruises to resume as shown by the 100,000 volunteers that showed up for a trial cruise by Royal Caribbean.
I’m going to keep this part simple. People don’t care about the virus as much as the media likes to put them out to be. Right now there is SERIOUS pent-up demand for cruises to be back at full steam again. A good example of this is that recently Royal Caribbean wanted to arrange trial cruises in order to convince regulators that it can run successful Covid-free trips. Guess how many volunteers the company could find? 100? 1,000? Well, if you guessed 100,000 you are correct (Link).
The company is completely blown away by this and it really shows how much pent up demand there is for cruises.
As an icing on the cake, here is a link for a Joe Rogan clip in which he discusses cruises with guest Tim Dillon: Link
This clip essentially explains what cruise people are really like and whether or not the industry is simply going to “go away.” Spoilers, it’s not.

Balance Sheet
TL;DR: Financial statements are rock solid. Total assets outweigh total liabilities by a long margin meaning company is extremely solvent. Current cash outflow suggests that the company has more than enough to outlast most of 2021 without having to raise capital. Lastly, company can also easily raise debt to handle any short term liquidity needs.
The balance sheet is fucking solid. Total assets out-weigh total liabilities by 19.5bil which should put to rest any fears of solvency. Current assets are about 900million short of current liabilities but judging by the ease in which the company can raise cash, liquidity shouldn’t be an issue.

preview.redd.it/s21qncpbue261.png?width=783&format=png&auto=webp&s=616caf3b2be1088492d14fe650214bae6f5c3be9
In addition I also looked at their operating cash flow and with 0 cruises, they have -4.6bil operating CF for 9 months ended. But considering their current cash balance of 8.1bil, they easily have enough cash to cover most of 2021 and that’s not even considering raising capital.

preview.redd.it/srkqasbfue261.png?width=778&format=png&auto=webp&s=9563579ab2ba5054962186c6d06ef14ac4bb9498
The Play
Play stocks or long term ITM or ATM calls. The idea is to profit off of the potential pop in price come 2021 when things most likely get back to normal when the vaccine rolls out. Do not buy far OTM or FDs for this play as anything can happen to the rollout causing a dip in price. If you are buying options go for options that expire preferably near year-end 2021. That way theta gang won’t eat you alive if vaccine rollout gets delayed.
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 or consult your financial professional before making any investment decision.


investmentwatchblog--2020-12-01--I made a DD on APXT at $10.75. My next big DD: GigCapital2 (GIX)

So I did a big DD on APXT the day before it blew up and it was only trading at $ 10.75 .
It ’ s now at $ 15.82 with room to continue growing .
That ’ s 47 % in a week .
My next play : GigCapital2 ( GIX ) , which is merging with BOTH UpHealth and Cloudbreak Health .
It will become UpHealth and trade under the ticker UPH .
Currently only $ 10.30 .
UpHealth themselves say that this will create ‘ the only integrated profitable global digital health company ’ .
UpHealth is @ @ @ @ @ @ @ Thrasys and MedQuest Pharmacy , and is one of the largest providers of digital health services in the world .
‘ With its combinations , UpHealth is positioned to reshape healthcare across the continuum of care by providing a single , integrated platform of best-in-class technologies and tech-enabled services essential to personalized , affordable , and effective care.
’ – BusinessWire .
UpHealth , after the merger , will have 4 main service lines : • Integrated care management – ‘ population health solutions for patients with complex medical , behavioral health , @ @ @ @ @ @ @ – ‘ digitally enabling the continuum of care with award-winning digital primary care and specialty consultations globally ’ UpHealth is already generating $ 115 million revenue in 2020 , with EBITDA of $ 13 million .
In 2021 , UpHealth is expected to generate over $ 190M in revenue and $ 24M in EBITDA ; 69 % of the 2021 incremental revenue growth is already contracted .
This is 65 % revenue growth and 85 % EBITDA growth .
They ’ re predicting 74 % revenue CAGR from 2020 – 2022 .
UpHealth @ @ @ @ @ @ @ insurers , and payers in all 50 states and also 9 other countries , with 1800+ US healthcare venues enlisted .
The need for MedTech related services has really become apparent via Covid .
The ability to have consultations and other related services without coming into direct contact is very desirable .
BusinessWire : Cloudbreak Health revolutionized patient and provider communication with the introduction of video remote interpreting ( VRI ) , establishing Cloudbreak as a pioneer in telehealth technology .
Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions , including telepsychiatry @ @ @ @ @ @ @ monitoring and other specialties .
Committed to overcoming healthcare disparities and bringing language access to the point of care , Cloudbreak Health seamlessly integrates their language access solution , Martti , into a host of platforms , including Epic , Zoom , and Caregility .
Performing more than 1.5 million minutes of telemedicine consultation each month on over 14,000 video endpoints at 1,800+ healthcare locations nationwide , Cloudbreak Telehealth simplifies how providers care for patients , putting a full care continuum at their fingertips 24/7 .
“ Combining with UpHealth and its complementary @ @ @ @ @ @ @ to power healthcare ’ s digital transformation and resolve disparities on a massive scale .
We are proud to be part of this mission together.
” – Jamey Edwards – CEO & Co-Founder of Cloudbreak Health Basically , Cloudbreak will give UpHealth another string to its bow but UpHealth was already an enticing enough prospect .
Dr. Chirinjeev Kathuria – Co-Chairman and Co-Founder .
Has an MBA from Stanford , also MD from Brown .
Previously co-founded NightHawk , which eventually went public .
Al Gatmaitan – Co-CEO .
Served as COO of @ @ @ @ @ @ @ 25 health system .
Enterprise value of merged company : $ 1.35 billion .
At this valuation UpHealth only has a 6.9x revenue multiple .
Compare that to other MedTech companies such as GoodRx ( 20x ) , Teladoc ( 19.1x ) , or Hims ( 8.9x ) , UpHealth is looking relatively cheap .
Currently trading at : $ 10.30 .
Make sure you buy GIX not GIK !
Only thing left to do is for the GIX stockholders to vote on the proposal ( which will go through ) .
That @ @ @ @ @ @ @ popped yet .
The time to jump in is now , before the vote .
Next GigCapital2 shareholder meeting : 8th December .
This is likely when the vote will be , and so is the catalyst for all future price movement .
Get in before then .
Why I believe this is a good play : • It ’ s targeting a rapidly growing industry which is boosted my megatrends like increasing elderly population • UpHealth is already profitable , making it less speculative than other SPAC plays .
• It ’ @ @ @ @ @ @ @ which is cool .
Positions : Shares in GIX .
I think this could hit $ 20 over the next month 🚀🚀This does not constitute financial advice .
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 or consult your financial professional before making any investment decision .

by Laughingboy14
So I did a big DD on APXT the day before it blew up and it was only trading at $10.75. It’s now at $15.82 with room to continue growing. That’s 47% in a week.
My next play: GigCapital2 (GIX), which is merging with BOTH UpHealth and Cloudbreak Health. It will become UpHealth and trade under the ticker UPH. Currently only $10.30.
UpHealth themselves say that this will create ‘the only integrated profitable global digital health company’.
What is UpHealth?
UpHealth is a group of MedTech companies, including Thrasys and MedQuest Pharmacy, and is one of the largest providers of digital health services in the world.
‘With its combinations, UpHealth is positioned to reshape healthcare across the continuum of care by providing a single, integrated platform of best-in-class technologies and tech-enabled services essential to personalized, affordable, and effective care.’ – BusinessWire.
UpHealth, after the merger, will have 4 main service lines:
Integrated care management – ‘population health solutions for patients with complex medical, behavioral health, and social needs’
Global telehealth – ‘digitally enabling the continuum of care with award-winning digital primary care and specialty consultations globally’
Digital pharmacy – ‘full service ePharmacy delivering compounded and manufactured medications’
Behavioural health – ‘tech-enabled services rapidly digitizing mental health and substance abuse’
UpHealth is already generating $115 million revenue in 2020, with EBITDA of $13 million.
In 2021, UpHealth is expected to generate over $190M in revenue and $24M in EBITDA; 69% of the 2021 incremental revenue growth is already contracted. This is 65% revenue growth and 85% EBITDA growth. They’re predicting 74% revenue CAGR from 2020 – 2022.
UpHealth already has contracts with healthcare providers, insurers, and payers in all 50 states and also 9 other countries, with 1800+ US healthcare venues enlisted.
The need for MedTech related services has really become apparent via Covid. The ability to have consultations and other related services without coming into direct contact is very desirable.
What is Cloudbreak?
BusinessWire: Cloudbreak Health revolutionized patient and provider communication with the introduction of video remote interpreting (VRI), establishing Cloudbreak as a pioneer in telehealth technology. Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including telepsychiatry, telestroke, tele-quarantine, remote patient monitoring and other specialties. Committed to overcoming healthcare disparities and bringing language access to the point of care, Cloudbreak Health seamlessly integrates their language access solution, Martti, into a host of platforms, including Epic, Zoom, and Caregility. Performing more than 1.5 million minutes of telemedicine consultation each month on over 14,000 video endpoints at 1,800+ healthcare locations nationwide, Cloudbreak Telehealth simplifies how providers care for patients, putting a full care continuum at their fingertips 24/7.
“Combining with UpHealth and its complementary suite of solutions will further our ability to power healthcare’s digital transformation and resolve disparities on a massive scale. We are proud to be part of this mission together.” – Jamey Edwards – CEO & Co-Founder of Cloudbreak Health
Basically, Cloudbreak will give UpHealth another string to its bow but UpHealth was already an enticing enough prospect.
UpHealth management team:
Dr. Chirinjeev Kathuria – Co-Chairman and Co-Founder. Has an MBA from Stanford, also MD from Brown. Previously co-founded NightHawk, which eventually went public.
We are primarily funded by readers. Please subscribe and donate to support us!
Al Gatmaitan – Co-CEO. Served as COO of IU Health, which is a top 25 health system.
Martin Beck – CFO. Ex JP Morgan Healthcare Banker.
Other information:
Enterprise value of merged company: $1.35 billion. At this valuation UpHealth only has a 6.9x revenue multiple. Compare that to other MedTech companies such as GoodRx (20x), Teladoc (19.1x), or Hims (8.9x), UpHealth is looking relatively cheap.
Expected closing date: 1st quarter 2021.
Currently trading at: $10.30. Make sure you buy GIX not GIK!
Only thing left to do is for the GIX stockholders to vote on the proposal (which will go through). That’s why it hasn’t popped yet. The time to jump in is now, before the vote.
Next GigCapital2 shareholder meeting: 8th December. This is likely when the vote will be, and so is the catalyst for all future price movement. Get in before then.
Why I believe this is a good play:
It’s targeting a rapidly growing industry which is boosted my megatrends like increasing elderly population
UpHealth is already profitable, making it less speculative than other SPAC plays.
High revenue visibility
Currently trading near NAV.
Vote upcoming = catalyst
It’s a merger of 3 companies, which is cool.
Positions: Shares in GIX. I think this could hit $20 over the next month 🚀🚀This does not constitute financial advice.
Sources:
uphealthinc.com/news-investors/
www.cloudbreak.us/solutions/
www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company
www.fiercehealthcare.com/tech/uphealth-cloudbreak-merge-blank-check-company-1-35b-deal
finance.yahoo.com/news/gigcapital2-entered-business-combination-agreements-140000389.html
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 or consult your financial professional before making any investment decision.


investmentwatchblog--2020-12-01--America’s Pride In The Economy About To Be Greatly Shaken As Tens Of Millions Face Eviction In 2021

In face of the expiration of the many programs that have provided a safety net to its citizens throughout the health crisis , America ’ s pride in the economy is about to be greatly shaken .
Tens of millions are on the brink of eviction , the unemployment benefits alongside paid family leave benefits that have helped several households to stay out of poverty are going to end the day after Christmas , while student loan payment suspension is about to be removed , and relief funds for states are almost gone .
The time span between the end @ @ @ @ @ @ @ new ones next year remains unknown .
In the meantime , millions of lives are hanging by a thread .
Over 8 million individuals have fallen into poverty from the burst of the crisis up until this point and , unfortunately , without further emergency intervention , many more are to come .
Impaired of working due to such unprecedented circumstances , hard-working Americans were left in the hands of government representatives that don ’ t seem to care enough about what happens to them .
Now , unemployed and deep in debt @ @ @ @ @ @ @ ravaging , highly contagious respiratory infection out in the streets and hungry .
That ’ s what we talk about in this video .
Unless there is an emergency intervention between the last days of December and inauguration day on January 20 , tens of millions of Americans could be expelled out of their homes – in an event that is being called by analysts as a huge wave of evictions .
Once the holiday season is over , landlords will be able to file eviction requests due to the expiration of the @ @ @ @ @ @ @ of them are on the verge of financial ruin since they couldn ’ t collect rent and , in turn , they could afford their mortgages .
However , if the program isn ’ t extended , it could trigger a disastrous homelessness crisis all over the country , putting many lives in jeopardy .
According to Stout , up to 13 million households are at risk of eviction .
Considering many of these households are composed of several family members , that accounts for up to 40 million people that could become @ @ @ @ @ @ @ cancel or freeze rent , all of the tenants ’ accumulated rent debt will be due on January 1 .
In the absence of rent relief or an extension of the protection , several struggling renters will face eviction orders again .
Now , an uncertain future lies ahead because , in addition to the end of the moratorium , several other programs that assisted U.S. citizens during the current crisis are also about to be removed .
All three programs created under the CARES act to help jobless Americans will end on @ @ @ @ @ @ @ million unemployed workers will lose the safety net that kept them afloat thus far .
Moreover , paid leave benefits will be gone by New Year ’ s eve , and relief funds for states that helped them with outbreak-related expenses are set to expire by year ’ s end .
Furthermore , the student loan payment pause is about to be resumed by December 31 .
According to the Pew Research Center , young adults have been particularly hard hit by the fallout of the health crisis and the consequent economic downturn @ @ @ @ @ @ @ been moving back in with their parents on a massive scale .
These new living arrangements are also being associated with an expansion of confirmed viral cases , considering most parents are part of risk groups .
The impact of such sudden change also resonated on the U.S. economy , reflecting the importance of the housing market to overall economic growth .
“ The share of 18- to 29-year-olds living with their parents has become a majority since U.S. viral cases began spreading early this year , surpassing the previous peak during the @ @ @ @ @ @ @ highlights .
The phrase “ since the Great Depression ” has become very popular to describe the depth of the latest events .
As Michael Snyder has noted in his new article : “ that is because this is literally the first economic depression that the U.S. has experienced since that time ” .
Everywhere we look , we can see the effects of the economic devastation that economic analysts like him have been warning about for a very long time .
Unfortunately , things are set to get much worse in the @ @ @ @ @ @ @ of the new lockdowns .

In face of the expiration of the many programs that have provided a safety net to its citizens throughout the health crisis, America’s pride in the economy is about to be greatly shaken. Tens of millions are on the brink of eviction, the unemployment benefits alongside paid family leave benefits that have helped several households to stay out of poverty are going to end the day after Christmas, while student loan payment suspension is about to be removed, and relief funds for states are almost gone. The time span between the end of these programs and the issuance of new ones next year remains unknown. In the meantime, millions of lives are hanging by a thread.
Over 8 million individuals have fallen into poverty from the burst of the crisis up until this point and, unfortunately, without further emergency intervention, many more are to come. Impaired of working due to such unprecedented circumstances, hard-working Americans were left in the hands of government representatives that don’t seem to care enough about what happens to them. Now, unemployed and deep in debt, millions are likely to face a ravaging, highly contagious respiratory infection out in the streets and hungry. That’s what we talk about in this video.
Unless there is an emergency intervention between the last days of December and inauguration day on January 20, tens of millions of Americans could be expelled out of their homes – in an event that is being called by analysts as a huge wave of evictions. Once the holiday season is over, landlords will be able to file eviction requests due to the expiration of the CDC’s eviction moratorium. Many of them are on the verge of financial ruin since they couldn’t collect rent and, in turn, they could afford their mortgages. However, if the program isn’t extended, it could trigger a disastrous homelessness crisis all over the country, putting many lives in jeopardy.
According to Stout, up to 13 million households are at risk of eviction. Considering many of these households are composed of several family members, that accounts for up to 40 million people that could become homeless. Since the order does not cancel or freeze rent, all of the tenants’ accumulated rent debt will be due on January 1. In the absence of rent relief or an extension of the protection, several struggling renters will face eviction orders again.
Now, an uncertain future lies ahead because, in addition to the end of the moratorium, several other programs that assisted U.S. citizens during the current crisis are also about to be removed.
All three programs created under the CARES act to help jobless Americans will end on December 26, which means almost 20 million unemployed workers will lose the safety net that kept them afloat thus far. Moreover, paid leave benefits will be gone by New Year’s eve, and relief funds for states that helped them with outbreak-related expenses are set to expire by year’s end.
Furthermore, the student loan payment pause is about to be resumed by December 31. According to the Pew Research Center, young adults have been particularly hard hit by the fallout of the health crisis and the consequent economic downturn. As a result, they have been moving back in with their parents on a massive scale.
These new living arrangements are also being associated with an expansion of confirmed viral cases, considering most parents are part of risk groups. The impact of such sudden change also resonated on the U.S. economy, reflecting the importance of the housing market to overall economic growth. “The share of 18- to 29-year-olds living with their parents has become a majority since U.S. viral cases began spreading early this year, surpassing the previous peak during the Great Depression era,” the analysis highlights.
The phrase “since the Great Depression” has become very popular to describe the depth of the latest events. As Michael Snyder has noted in his new article: “that is because this is literally the first economic depression that the U.S. has experienced since that time”. Everywhere we look, we can see the effects of the economic devastation that economic analysts like him have been warning about for a very long time. Unfortunately, things are set to get much worse in the coming months, especially with the arrival of the new lockdowns.
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investmentwatchblog--2020-12-01--Small Businesses Closing PERMANENTLY as Economy Shuts Down! Domino Effect in 2021

The financial system has seen more enthusiasm as interest rates have declined .
More debt has been present on all @ @ @ @ @ credit cards and mortgages .
But also national debt and corporate debt .
We are @ @ @ @ @ , tech stocks .

The financial system has seen more enthusiasm as interest rates have declined. More debt has been present on all levels. Personal debt like credit cards and mortgages. But also national debt and corporate debt. We are seeing more purchases of stocks, tech stocks.
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investmentwatchblog--2020-12-01--Georgia Citizens should be HORRIFIED at Who Dem. Senate Candidate Jon Ossoff Just Praised

Reagan McCarthy from Townhall reports , In the middle of a heated runoff Senate election , Georgia Democrat Jon Ossoff @ @ @ @ @ socialist Senator Bernie Sanders ( I-VT ) .
While masking radical views with a “ @ @ @ @ @ to win the support of Georgia voters , Ossoff praised the progressive views championed by @ @ @

Reagan McCarthy from Townhall reports, In the middle of a heated runoff Senate election, Georgia Democrat Jon Ossoff welcomed the support of self-proclaimed socialist Senator Bernie Sanders (I-VT). While masking radical views with a “mainstream” facade in order to win the support of Georgia voters, Ossoff praised the progressive views championed by Sen. Sanders.
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Read More/Source/Credit/FairUse:
townhall.com/tipsheet/reaganmccarthy/2020/11/29/perdue-dunk-on-bernie-n2580777


investmentwatchblog--2020-12-01--Are You Prepared for Inflation?

Are You Prepared for Inflation?

“ When the facts change , I change my mind – what do you do , sir ?
” ― John Maynard Keynes For the past 40 years , largely due to the forces of globalization and cheaply imported goods , the world has experienced a prolonged period of subdued inflation .
However , 2020 marks a significant shift in the inflationary outlook and noted deflationist Russell Napier is now warning investors to prepare for rising inflationary pressures ahead .
Here ’ s what he had to say in a recent interview with FS Insider ( see There ’ s @ @ @ @ @ @ @ ’ re in the Early Stages , Says Russell Napier for audio ) .
Napier , who is well-known for his deflationary views in prior decades , switched his outlook this year .
A key reason for this change , he stated , is that the mechanism for money creation has changed .
In essence , commercial banks are the main entities that drive the money creation process , particularly through fractional reserve banking .
They accomplish this when they make loans to individuals , businesses , and even governments .
Now , @ @ @ @ @ @ @ has been fundamentally altered through the widespread use of credit guarantee programs .
Because the government has been providing credit guarantees to banks , the government guarantees the principle behind that loan .
This means commercial banks are able to make loans they would never make in the past , due to excessive credit risks .
We now see the highest rates of broad money growth we ’ ve ever seen , while inflation is currently running close to 1.2 percent .
Broad rates of money growth in OECD countries is running it @ @ @ @ @ @ @ only been a very brief period in 1987 when the total growth in global money has been higher than it is today , Napier noted .
At that time , global inflation was 11 percent .
It is also important to remember that this money is already in existence .
It ’ s just a matter of it making its way into the system .
When the velocity of money normalizes , Napier stated , we should see much higher rates of inflation automatically .
We should expect to see this money be @ @ @ @ @ @ @ who the money has been lent to .
Because these loans are targeted to small businesses , essentially to keep them afloat , it is very likely that most of it will be spent .
For small business owners , the only way for them to keep afloat in tough economic conditions is to spend money .
They can ’ t hoard it or use it to buy back equity , as larger corporations have done .
“ It ’ s not just the change in the mechanism of money creation , ” @ @ @ @ @ @ @ not just that growth rates have at least doubled in some countries and tripled in other countries , in terms of the growth rate of broad money .
It ’ s who the money has been given to .
These are people and small businesses who are highly likely to use this money for transactions and consumption.
” In an environment where inflation is favored , a debt forgiveness on a federal level may become a reality , those with high debt loads are winners , and savers lose out .
Beyond supporting @ @ @ @ @ @ @ estate benefiting from the shift to inflation .
A combination of higher wage growth coupled with policies that deliberately hold down interest rates should be good for the price of residential property , Napier noted .
As property prices increase and debt is inflated away , this may be a viable place to protect wealth .
Equities should also benefit , which we ’ ve seen already .
Napier does not believe this trend is over either and says that we are still in the early stages of this reflation .
This should @ @ @ @ @ @ @ long-term interest rates , which is likely a way off .
Gold has also historically benefited when inflation is set permanently above interest rates , Napier stated .
“ I think this will continue for at least a decade , and probably more than that , ” he said .
“ Of course , there will different types of equities that benefit from higher inflation .
… What you really need is cost control .
So if you have a good equity manager who can spot those companies , then the ability of @ @ @ @ @ @ @ could last for many years and well beyond the period when we bring in a cap on the yield curve.
” To listen to our full-length interview with Russell Napier , click here .
If you ’ re not already a subscriber to our FS Insider podcast where interview book authors , strategists and industry experts from across the globe 3 days/week on all things economics , finance and markets…

by Financial Sense
“When the facts change, I change my mind – what do you do, sir?”
― John Maynard Keynes
For the past 40 years, largely due to the forces of globalization and cheaply imported goods, the world has experienced a prolonged period of subdued inflation. However, 2020 marks a significant shift in the inflationary outlook and noted deflationist Russell Napier is now warning investors to prepare for rising inflationary pressures ahead.
Here’s what he had to say in a recent interview with FS Insider (see There’s a Major Inflationary Trend Brewing and We’re in the Early Stages, Says Russell Napier for audio).
Money Creation Takeover
Napier, who is well-known for his deflationary views in prior decades, switched his outlook this year. A key reason for this change, he stated, is that the mechanism for money creation has changed.
In essence, commercial banks are the main entities that drive the money creation process, particularly through fractional reserve banking. They accomplish this when they make loans to individuals, businesses, and even governments. Now, Napier notes, the money creation process has been fundamentally altered through the widespread use of credit guarantee programs.
“It’s created a monetary revolution… It is this mechanism change that almost certainly ensures we will see much higher inflation going forward.”
Because the government has been providing credit guarantees to banks, the government guarantees the principle behind that loan. This means commercial banks are able to make loans they would never make in the past, due to excessive credit risks.
“In the normal course of things, bankers do not lend money to people they know aren’t going to pay them back,” Napier said. “But in this occasion…if the loans go bad, there will be a transfer from the government into the banks to compensate for that loss.”
Inflation Baked In
We now see the highest rates of broad money growth we’ve ever seen, while inflation is currently running close to 1.2 percent. Broad rates of money growth in OECD countries is running it at 18.2 percent year-on-year. There has only been a very brief period in 1987 when the total growth in global money has been higher than it is today, Napier noted. At that time, global inflation was 11 percent.
It is also important to remember that this money is already in existence. It’s just a matter of it making its way into the system. When the velocity of money normalizes, Napier stated, we should see much higher rates of inflation automatically.
We are primarily funded by readers. Please subscribe and donate to support us!
We should expect to see this money be utilized, he noted, because of who the money has been lent to. Because these loans are targeted to small businesses, essentially to keep them afloat, it is very likely that most of it will be spent.
For small business owners, the only way for them to keep afloat in tough economic conditions is to spend money. They can’t hoard it or use it to buy back equity, as larger corporations have done.
“It’s not just the change in the mechanism of money creation,” Napier said. “It’s not just that growth rates have at least doubled in some countries and tripled in other countries, in terms of the growth rate of broad money. It’s who the money has been given to. These are people and small businesses who are highly likely to use this money for transactions and consumption.”
Implications for Savers
In an environment where inflation is favored, a debt forgiveness on a federal level may become a reality, those with high debt loads are winners, and savers lose out. Beyond supporting distressed small businesses, Napier sees real estate benefiting from the shift to inflation.
A combination of higher wage growth coupled with policies that deliberately hold down interest rates should be good for the price of residential property, Napier noted. As property prices increase and debt is inflated away, this may be a viable place to protect wealth.
Equities should also benefit, which we’ve seen already. Napier does not believe this trend is over either and says that we are still in the early stages of this reflation.
This should continue until central banks have to cap long-term interest rates, which is likely a way off. Gold has also historically benefited when inflation is set permanently above interest rates, Napier stated.
“I think this will continue for at least a decade, and probably more than that,” he said. “Of course, there will different types of equities that benefit from higher inflation. … What you really need is cost control. So if you have a good equity manager who can spot those companies, then the ability of those stocks to protect you from inflation could last for many years and well beyond the period when we bring in a cap on the yield curve.”
To listen to our full-length interview with Russell Napier, click here. If you’re not already a subscriber to our FS Insider podcast where interview book authors, strategists and industry experts from across the globe 3 days/week on all things economics, finance and markets…
Written by Ethan D. Mizer


investmentwatchblog--2020-12-01--Newt Gingrich BREAKS His Silence on 2020 Election with Grim Reality Check

Collin Rugg from Trending Politics reports , On Friday , former Speaker of the House Newt Gingrich spoke out about @ @ @ @ @ stating that it was the “ biggest presidential theft since Adams and Clay robbed Andrew @ @ @ @ @

Collin Rugg from Trending Politics reports, On Friday, former Speaker of the House Newt Gingrich spoke out about the 2020 Presidential election, stating that it was the “biggest presidential theft since Adams and Clay robbed Andrew Jackson in 1824.”
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Read More/Source/Credit/FairUse:
trendingpolitics.com/biggest-…


investmentwatchblog--2020-12-01--VIDEO: FLASHBACK: Trump: “Some Day I’d Like to Lose Everything… to See Who’s Loyal and Who’s Not Loy

VIDEO: FLASHBACK: Trump: “Some Day I’d Like to Lose Everything… to See Who’s Loyal and Who’s Not Loyal”

IT BEGINS !
FEDERAL COURT Gives Team Trump Green Light to DESTROY Joe Biden Once And For All

“someday i’d like to lose everything… to see who’s loyal and who’s not loyal” 📽: @realDonaldTrump pic.twitter.com/3OQPMMREIe — 📽 OnlyContent (@GoPdetractor) November 30, 2020
VIDEO: President Trump Tweets the Lion Video: “It’s Too Late to be Scared”
www.bitchute.com/video/Ufy1itZz4jN5/
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Donald Trump: “I never forget.”
h/t dr0id


investmentwatchblog--2020-12-01--France drops part of controversial bill to ban filming of police

In the US protestors burn down nail salons and pizzerias .
In France , protestors set fire to the central @ @

Macron’s ruling party has agreed to remove a hugely unpopular article from a new security bill curbing the right to film on-duty police, following weeks of national uproar.
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investmentwatchblog--2020-12-01--What is Dr. Copper Telling Us? with John Rubino

John Rubino returns… Inflation seems to be spreading .
Houses are setting records ( If CPI Measured Actual House Prices @ @ @ @ @ % Right Now ) , and copper is crushing it .
How many things have @ @ @ @ @ ’ re in an inflationary environment ?
Still no action on stimulus and all kinds @ @ @ @ @ year-end .
Economy is starting to slow as people have to dig into savings to @ @ @ @ @ falling .
Where ’ s support ?
Does seasonality matter this year ?

from Kerry Lutz’s Financial Survival Network
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John Rubino returns… Inflation seems to be spreading. Houses are setting records (If CPI Measured Actual House Prices, Inflation Would Be 3% Right Now), and copper is crushing it. How many things have to be soaring before we’re in an inflationary environment? Still no action on stimulus and all kinds of benefits running out before year-end. Economy is starting to slow as people have to dig into savings to buy basics. Gold still falling. Where’s support? Does seasonality matter this year?


investmentwatchblog--2020-12-01--Even reluctant Arizona Legislators are floored by Matt Braynard presentation on voting fraud.

Even reluctant Arizona Legislator is floored by @ MattBraynard presentation on voting fraud .
pic.twitter.com/2fIqVFY6r4

Even reluctant Arizona Legislator is floored by @MattBraynard presentation on voting fraud. pic.twitter.com/2fIqVFY6r4
— Big Fish (@BigFish3000) November 30, 2020


investmentwatchblog--2020-12-02--Hi, CNN. Have You Met CNN?

Hi, CNN. Have You Met CNN?

Hi CNN , have you met CNN ?
pic.twitter.com/WHYMsQpJLB

Hi CNN, have you met CNN? pic.twitter.com/WHYMsQpJLB
— Anang Mittal अनंग मित्तल (@anangbhai) December 1, 2020


investmentwatchblog--2020-12-02--Who agreed to a no-audit deal with an election software company? Name ANYTHING you have ever heard t

Who agreed to a no-audit deal with an election software company ?
Name ANYTHING you have ever heard that is @ @ @ @ @ You ca n't .

Who agreed to a no-audit deal with an election software company? Name ANYTHING you have ever heard that is dumber. Literally anything. You can't.
— Scott Adams (@ScottAdamsSays) December 1, 2020


investmentwatchblog--2020-12-02--Open the Boxes! Incredible testimony from Michigan. Someone does NOT want you to watch this.

If you think there is privacy in Bitcoin then watch this free interview .
Its incredible and eye opening and @ @ @ @ @ biggest hook ever .
Gripping story ...

Watch the whole damn 7 hours if you care about the future of the US.
Dr. Linda Lee Tarver Testifies to What is Really Happening in Michigan!!!
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h/t axolotl_peyotl