investmentwatchblog--2020-10-28--This is the best essay I have read about walking away from the Dem Party and I hope everyone reading

This is the best essay I have read about walking away from the Dem Party and I hope everyone reading this post will read the lengthy article.

I will not live in a closet for any reason .
I voted Republican almost a straight ticket for the first time in my life .
I am a progressive artist/writer/activist with an impressive 25+ year record of fighting the good fight on a plethora of issues including abortion clinic escort , rape crisis counselor , regular crisis counselor , a decade in Palestinian Solidarity , holding local police accountable in the shooting of two young black men , homelessness , cannabis and chronic pain management .
My first reaction after the 2016 election , after I stopped crying — @ @ @ @ @ @ @ convene an emotional support group that excluded cis straight white men .
Because , of course .
Safety first .
Thankfully , this is the most cringe worthy action I took , my humanity was strong enough to never break with my core values and become a full on SJW bully .
I had my moments though .
I am not innocent .
To those who I may have caused offense , this is my apology .
I got the Trump Derangement Syndrome bad .
I mean BAD .
I was locked on @ @ @ @ @ @ @ .
To be fair , Trump was a wild card , and there was no precedent for dealing with such .
Would democracy hold ?
Would my friends and I be in danger ?
Would he cut my safety net ?
Did he collude with the Russians ?
We did not have answers and uncertainty was destabilizing and anxiety provoking .
… I have come to understand the importance of good faith opposition to edit ideas and make stronger products .
I also appreciate that the other side is effective in diagnosing your @ @ @ @ @ @ @ missed in 2016 .
I was ignorant to why conservatives voted Trump because I could not trust conservatives .
But they were right .
People like me were insufferable and arrogant .
We were detached from reality .
Our constant scolding grated , our piety obnoxious .
In our desire to be inclusive , we were being divisive .
In the name of tolerance , we became incredibly intolerant , bordering on authoritarian — compelled speech , apologies and censorship .
The hegemony of guilt and shame was strong and praxis enforced without @ @ @ @ @ @ @ and everyone is exhausting and soul destroying .
… I must finally bring up my identity .
I am one of the most marginalized people there is , the only category I do not check is race , but even then , I come from the trailer park .
I am extremely low income , fully disabled with moderate to severe chronic pain+ for 20+ years , mentally ill , gender nonconforming , LGBTQ , a college dropout and someone who depends fully on the safety net for her survival .
… I @ @ @ @ @ @ @ and gave my first speech to the group Turn Thurston in March , my last pre-COVID social event .
I was nervous , but it went really well , and I was praised for my authority on homelessness .
I took questions that were sincere in their concern .
Again , NO HATE .
Again , I had a GREAT time .
People were interested in what I had to say .
Not so on Facebook .
I felt open , I could speak my mind , I did not feel I would @ @ @ @ @ @ @ me warmly .
The opposite of the left , which has become numbingly repressive and abusive , where I don ’ t dare speak freely .
I have been called every slur there is .
I keep a list and make it a game to score a new one .
At this point , I wear them as badges that define my integrity .

Why I Voted Trump: A Coming Out Story
I will not live in a closet for any reason.
I voted Republican almost a straight ticket for the first time in my life.
I am a progressive artist/writer/activist with an impressive 25+ year record of fighting the good fight on a plethora of issues including abortion clinic escort, rape crisis counselor, regular crisis counselor, a decade in Palestinian Solidarity, holding local police accountable in the shooting of two young black men, homelessness, cannabis and chronic pain management.
My first reaction after the 2016 election, after I stopped crying — the tears lasted awhile — was to convene an emotional support group that excluded cis straight white men. Because, of course. Safety first.
Thankfully, this is the most cringe worthy action I took, my humanity was strong enough to never break with my core values and become a full on SJW bully. I had my moments though. I am not innocent. To those who I may have caused offense, this is my apology.
We are primarily funded by readers. Please subscribe and donate to support us!
I got the Trump Derangement Syndrome bad. I mean BAD. I was locked on MSNBC, breathless with each new horror. To be fair, Trump was a wild card, and there was no precedent for dealing with such. Would democracy hold? Would my friends and I be in danger? Would he cut my safety net? Did he collude with the Russians? We did not have answers and uncertainty was destabilizing and anxiety provoking.
…
I have come to understand the importance of good faith opposition to edit ideas and make stronger products. I also appreciate that the other side is effective in diagnosing your blind spots, which is what I missed in 2016. I was ignorant to why conservatives voted Trump because I could not trust conservatives.
But they were right. People like me were insufferable and arrogant. We were detached from reality. Our constant scolding grated, our piety obnoxious. In our desire to be inclusive, we were being divisive. In the name of tolerance, we became incredibly intolerant, bordering on authoritarian — compelled speech, apologies and censorship. The hegemony of guilt and shame was strong and praxis enforced without appeal. Finding the problematic in everything and everyone is exhausting and soul destroying.
…
I must finally bring up my identity. I am one of the most marginalized people there is, the only category I do not check is race, but even then, I come from the trailer park. I am extremely low income, fully disabled with moderate to severe chronic pain+ for 20+ years, mentally ill, gender nonconforming, LGBTQ, a college dropout and someone who depends fully on the safety net for her survival.
…
I started going to more conservative events, and gave my first speech to the group Turn Thurston in March, my last pre-COVID social event. I was nervous, but it went really well, and I was praised for my authority on homelessness. I took questions that were sincere in their concern. Again, NO HATE. Again, I had a GREAT time. People were interested in what I had to say. Not so on Facebook.
I felt open, I could speak my mind, I did not feel I would be judged or canceled, they welcomed me warmly. The opposite of the left, which has become numbingly repressive and abusive, where I don’t dare speak freely. I have been called every slur there is. I keep a list and make it a game to score a new one. At this point, I wear them as badges that define my integrity.
h/t Happy in Nature


investmentwatchblog--2020-10-28--THE MSM VOMITS “THERE IS NO EVIDENCE OF ANY WRONG DOING BY JOE BIDEN OR HIS FAMILY”

AGAIN : The Hunter Biden Scandal Has Exposed The Corporate Press ’ s Corruption And Condescension .
“ The idea @ @ @ @ @ of the information rather than grapple with what the information reveals .
This of course @ @ @ @ @ s posture toward the Post ’ s reporting from the outset : pay no mind @ @ @ @ @ emails , uniformly referred to as ‘ documents of questionable provenance , ’ because it @ @ @ @ @ and Steve Bannon , and they aren ’ t trustworthy .
Real journalists , you @ @ @ @ @ report on information that ’ s verified and trustworthy — you know , like the @ @ @ @

What a time to be in journalism: Between Bobulinski and the Biden corruption scandal, rioting in our cities, a new Supreme Court justice’s first full day, and peace breaking out in the Middle East, has there ever been so much to *not* cover!?! — Andy McCarthy (@AndrewCMcCarthy) October 28, 2020
Anybody who watched Tucker's interview last night could see that Bobulinski is extremely credible. And he has receipts. This is how Politico is handling the story: pic.twitter.com/0Ye9MJgf9B — Tom Bevan (@TomBevanRCP) October 28, 2020
AGAIN: The Hunter Biden Scandal Has Exposed The Corporate Press’s Corruption And Condescension. “The idea is to disparage the source of the information rather than grapple with what the information reveals. This of course has been the media’s posture toward the Post’s reporting from the outset: pay no mind to the laptop or the emails, uniformly referred to as ‘documents of questionable provenance,’ because it all came from Rudy Giuliani and Steve Bannon, and they aren’t trustworthy. Real journalists, you see, only investigate and report on information that’s verified and trustworthy — you know, like the Steele dossier.”
Read the whole, damning thing.
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AC


investmentwatchblog--2020-10-28--When is the timing to buy the lockdown dip #2?

When is the timing to buy the lockdown dip # 2 ?
as long as that trendline holds everything should @ @ @ @ @ sink in a sea of red on lockdown fears .
Germany 's Dax now in @ @ @ @ @ % from Oct 12th high .
pic.twitter.com/ooUsorKFft A lot of comparisons have been made lately @ @ @ @ @ and that of 2000 .
One can also spot a technical similarity between these two @ @ @ @ @ SPX and TSI ( True Strength Indicator ) formed another massive bearish divergence .
Is @ @ @ @

When is the timing to buy the lockdown dip #2 ?
as long as that trendline holds everything should be fine pic.twitter.com/RmAaI7aoF4
Global markets sink in a sea of red on lockdown fears. Germany's Dax now in correction territory, down 12% from Oct 12th high. pic.twitter.com/ooUsorKFft
A lot of comparisons have been made lately between our current market environment and that of 2000.
One can also spot a technical similarity between these two periods: the monthly $SPX and TSI (True Strength Indicator) formed another massive bearish divergence.
Is this it? pic.twitter.com/jkUxNyYztE
— Yuriy Matso (@yuriymatso) October 28, 2020


investmentwatchblog--2020-10-28--LEFTISM IS BEST UNDERSTOOD AS A NEVERENDING POWER-GRAB:

I hope Americans realize how dangerously brazen it is that Dems are openly calling to pack/expand the court .
They @ @ @ @ @ the Senate & Presidency wouldn ’ t be enough power , so they want more @ @ @ @ @ a reason to vote , this would be it .

I hope Americans realize how dangerously brazen it is that Dems are openly calling to pack/expand the court.
They are literally saying that winning the Senate & Presidency wouldn’t be enough power, so they want more.
If there was ever a reason to vote, this would be it.
— Dan Crenshaw (@DanCrenshawTX) October 27, 2020


investmentwatchblog--2020-10-28--BOBULINSKI BOMBSHELL: The Bidens are ‘Compromised’ and Lying About Joe’s Knowledge of Hunter’s Deals

BOBULINSKI BOMBSHELL: The Bidens are ‘Compromised’ and Lying About Joe’s Knowledge of Hunter’s Deals With China.

And from Roger Kimball : Tony Bobulinski and implausible deniability .
He is a no-nonsense , forthright guy who is angry and determined to clear his name : Bobulinski appeared on the scene as a complainant only because Adam Schiff decided to go on the record disparaging him as a Russian agent or source of Russian disinformation .
As a patriotic American , Bobulinski objected and demand a retraction .
No retraction was forthcoming , so he went to the press .
‘ People were accusing my family of treason after I served this country and defended this country , @ @ @ @ @ @ @ I have a patriotic duty to this country and to every American citizen.
’ Most of the press , being wholly owned subsidiaries of the Democratic National Committee , violently disparaged his revelations where they did not studiously ignore them .
As of early this morning , a search for ‘ Bobulinski ’ on the CNN site produced a search-not-found result .
How odd !
As of the time of this post , Bobulinski ’ s name still produces no results in CNN ’ s search engine : As Andy McCarthy tweets , @ @ @ @ @ @ @ journalism : Between Bobulinski and the Biden corruption scandal , rioting in our cities , a new Supreme Court justice ’ s first full day , and peace breaking out in the Middle East , has there ever been so much to *not* cover !
?
!
” WATCH IT BEFORE YOUTUBE TAKES IT DOWN AT THE BEHEST OF THE CHINESE : Tucker Carlson on Joe Biden ’ s “ direct , personal involvement ” with Chinese business deals .
Related , from Bryan Preston : Bobulinski : The Bidens are ‘ Compromised @ @ @ @ @ @ @ Knowledge of Hunter ’ s Deals With China .

via pjmedia:
And from Roger Kimball: Tony Bobulinski and implausible deniability. He is a no-nonsense, forthright guy who is angry and determined to clear his name:
Bobulinski appeared on the scene as a complainant only because Adam Schiff decided to go on the record disparaging him as a Russian agent or source of Russian disinformation. As a patriotic American, Bobulinski objected and demand a retraction. No retraction was forthcoming, so he went to the press. ‘People were accusing my family of treason after I served this country and defended this country,’ he said. ‘I feel I have a patriotic duty to this country and to every American citizen.’
Most of the press, being wholly owned subsidiaries of the Democratic National Committee, violently disparaged his revelations where they did not studiously ignore them. As of early this morning, a search for ‘Bobulinski’ on the CNN site produced a search-not-found result. How odd!


investmentwatchblog--2020-10-28--AL PERROTTA: The Landslide America Will Be Glad to Have.

The Landslide America Will Be Glad to Have .
Oh , I could point to little signs .
Like Trump building a lead in Florida .
Or even The New York Times reporting that Trump is polling about 10 points better in Philadelphia than he did in 2016 , which would all but guarantee him a win in Pennsylvania .
Or his stunning rise among Blacks and Latinos .
I could point to more Trump supporters showing up at Biden rallies than Biden supporters , or wild Trump car rallies in places where having a GOP sticker on your car @ @ @ @ @ @ @ .
I could point to the enthusiasm gap , which is massive .
Or Kamala Harris blowing her big audition , voters understanding she is the real candidate in this election , and going , “ No , thank you !
” Or the common sense observation that few people will stand for line in hours just to vote against Trump .
I could point to the fact that Donald Trump is actually out there working to earn votes while Biden is , well , barely trying .
Or that Biden thinks he @ @ @ @ @ @ @ against George Bush … or George Lopez … or George Jetson .
George someone .
I could point to that , but no , I am talking about a sense .
A feeling in my bones that a spirit of division and rancor is being broken .
That something ’ s changed in recent weeks .
Almost overnight .

The Landslide America Will Be Glad to Have.
Oh, I could point to little signs. Like Trump building a lead in Florida. Or even The New York Times reporting that Trump is polling about 10 points better in Philadelphia than he did in 2016, which would all but guarantee him a win in Pennsylvania. Or his stunning rise among Blacks and Latinos.
I could point to more Trump supporters showing up at Biden rallies than Biden supporters, or wild Trump car rallies in places where having a GOP sticker on your car used to guarantee your car getting keyed. I could point to the enthusiasm gap, which is massive.
Or Kamala Harris blowing her big audition, voters understanding she is the real candidate in this election, and going, “No, thank you!” Or the common sense observation that few people will stand for line in hours just to vote against Trump.
I could point to the fact that Donald Trump is actually out there working to earn votes while Biden is, well, barely trying.
Or that Biden thinks he’s running for Senate and running against George Bush … or George Lopez … or George Jetson. George someone.
I could point to that, but no, I am talking about a sense. A feeling in my bones that a spirit of division and rancor is being broken. That something’s changed in recent weeks. Almost overnight.


investmentwatchblog--2020-10-28--Mannarino: Massive Sell-Off As Europe Shuts Down Again

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the @ @ @ @ @ that working on Wall Street was not like the movies , he moved on to @ @ @ @ @ practiced medicine as a Physician Assistant .
He also served in the United States Naval @ @ @ @ @ having attained the rank of Lieutenant .
He is an active trader of the capital @ @ @ @ @ books pertaining to finance , global economics , and equity trading .
Gregory currently hosts @ @ @ @ @ ” on YouTube .
You can find out more about what he offers at his @ @ @

TradersChoice.net, Released on 10/28/20
We are primarily funded by readers. Please subscribe and donate to support us!
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading. Gregory currently hosts a business day “MarketReport” on YouTube. You can find out more about what he offers at his website Traderschoice.net.


investmentwatchblog--2020-10-28--Will Italy Be the First to Deploy Military Against Anti-Lockdown Protestors?

Facebook is now blocking videos people have posted from Italy showing the massive uprising against the lockdowns .
The government @ @ @ @ @ to justify deploying the military against the people .
The civil uprisings are nationwide and @ @ @ @ @ thugs as the newspapers try to paint them as also far-right nazis .
The government @ @ @ @ @ non-Italian terrorists as in Lybia .
But this is just an excuse to be able @ @ @ @ @ helicopters against the people .
The meeting called at 5PM by the government Rome Time @ @ @ @ @ context , it was finally agreed on the need to verify the Law 244/2012 “ @ @ @ @ @ Instrument ” , in order to identify any corrective measures in relation to the changed @ @ @ @ @ proceed with the completion of the reform process of Defense in a unitary and inter-force @ @ @ @ @ the dictates of Law 25/1997 .
”

by Martin Armstrong
Facebook is now blocking videos people have posted from Italy showing the massive uprising against the lockdowns. The government is redefining “terrorism” to justify deploying the military against the people. The civil uprisings are nationwide and are not merely gangs of thugs as the newspapers try to paint them as also far-right nazis. The government is pointing its finger at non-Italian terrorists as in Lybia. But this is just an excuse to be able to deploy troops and military helicopters against the people. The meeting called at 5PM by the government Rome Time concluded:
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“In this context, it was finally agreed on the need to verify the Law 244/2012 “Review of the National Military Instrument”, in order to identify any corrective measures in relation to the changed reference context, and to proceed with the completion of the reform process of Defense in a unitary and inter-force sense, in line with the dictates of Law 25/1997.”


investmentwatchblog--2020-10-28--Gerald Celente: Covid war is destroying people’s lives by the hundreds of millions

Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute .
He is the author of @ @ @ @ @ : How to Prepare for and Profit from the Changes of the 21st Century and @ @ @ @ @ Trends Journal newsletter .
Gerald Celente is a political atheist .
Unencumbered by political dogma @ @ @ @ @ wisdom , Celente , whose motto is “ think for yourself , ” observes and @ @ @ @ @ future trends for what they are – not for the way he wants them to @ @ @ @ @ earned his reputation as “ The most trusted name in trends ” by accurately forecasting @ @ @ @ @ , consumer , environmental , economic , political , entertainment , and technology trends .

Trends Research, Released on 10/27/20
We are primarily funded by readers. Please subscribe and donate to support us!
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is “think for yourself,” observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be. Gerald Celente has earned his reputation as “The most trusted name in trends” by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends.


investmentwatchblog--2020-10-28--John Rubino – Mass Layoffs Coming One Way or Another. 2021 A Year of Mass Bankruptcy

Financial writer John Rubino says expect mass layoffs of city and state workers as deficits explode and tax income plunges .
Rubino explains , “ “ If they can ’ t pay their bills , they can ’ t pay their bills .
If it can ’ t happen , it won ’ t happen .
So , you get effective bankruptcy via defaults for a lot of these places .
That means massive layoffs of city and state workers and turmoil in the bond market .
That kind of thing alone is enough to send the U.S. back into @ @ @ @ @ @ @ when it happens .
If you combine this with all the other stuff that will be going on , it is going to be one of those perfect storm scenarios where everywhere you look , somebody is in trouble and demanding a federal bailout .
.
.
.
The federal government has a printing press .
They can bail out Illinois mismanagement and Chicago mismanagement and basically bail out the politicians who did all of these things .
This will come at the cost of the financial markets in general and the currency @ @ @ @ @ @ @ trillions of dollars in bailouts here and trillions of bailouts there , they will conclude maybe you don ’ t want to hold the currency of the country that is doing this .
Then the U.S. starts looking a lot like Illinois does now , not AAA credit and that is when the debt spiral starts .
This causes people to lose faith in the currency , and then it ’ s game over .
.
.
.
There are mass layoffs coming one way or another .
It ’ s just a @ @ @ @ @ @ @ ”

Financial writer John Rubino says expect mass layoffs of city and state workers as deficits explode and tax income plunges. Rubino explains, ““If they can’t pay their bills, they can’t pay their bills. If it can’t happen, it won’t happen. So, you get effective bankruptcy via defaults for a lot of these places. That means massive layoffs of city and state workers and turmoil in the bond market. That kind of thing alone is enough to send the U.S. back into recession assuming we are out of recession when it happens. If you combine this with all the other stuff that will be going on, it is going to be one of those perfect storm scenarios where everywhere you look, somebody is in trouble and demanding a federal bailout. . . . The federal government has a printing press. They can bail out Illinois mismanagement and Chicago mismanagement and basically bail out the politicians who did all of these things. This will come at the cost of the financial markets in general and the currency markets in particular. When they see trillions of dollars in bailouts here and trillions of bailouts there, they will conclude maybe you don’t want to hold the currency of the country that is doing this. Then the U.S. starts looking a lot like Illinois does now, not AAA credit and that is when the debt spiral starts. This causes people to lose faith in the currency, and then it’s game over. . . . There are mass layoffs coming one way or another. It’s just a question of who gets laid off.”
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investmentwatchblog--2020-10-28--Operation Dark Winter starting in Philadelphia NOW! Media hinting Philly is ground zero and the epic

Operation Dark Winter starting in Philadelphia NOW! Media hinting Philly is ground zero and the epicenter of election chaos

Listen to the first 10 minutes of this podcast it will outline why Philadelphia is important !
Operation Dark Winter @ @ @ @ @ using bioterrorism ( COVID ? )
in order to seed chaos into the minds of @ @ @ @ @ election day !
National Guard Responds As 1000s Of Looters Ransack Philly In 2nd Night @ @ @ @ @ By “ BLM Rioters ” After 30 officers were wounded on Monday evening , including @ @ @ @ @ a broken leg after being hit by a truck , thousands of looters massed in @ @ @ @ @ a second night of chaos , where entire big box department stores were emptied of @ @ @ @ @ attacked and at least one reporter was badly beaten .
Fewer police were injured on @ @ @ @ @ the fact that they gave the worst of the rioters a wide berth , at @ @ @ @ @ were several thousand people in the afflicted area of West Philadelphia , looting stores and @ @ @ @ @ to big-screen TVs .

Listen to the first 10 minutes of this podcast it will outline why Philadelphia is important!
Operation Dark Winter = 9/11 2.0 this time using bioterrorism (COVID?) in order to seed chaos into the minds of the US citizens right before election day!
VIDEO: WATCH POLICE RUN FROM LOOTERS (philly)
National Guard Responds As 1000s Of Looters Ransack Philly In 2nd Night Of Chaos; Reporter Brutalized By “BLM Rioters”
After 30 officers were wounded on Monday evening, including one who remains hospitalized with a broken leg after being hit by a truck, thousands of looters massed in downtown Philadelphia on Tuesday for a second night of chaos, where entire big box department stores were emptied of merchandise, while officers were attacked and at least one reporter was badly beaten.
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Fewer police were injured on Tuesday, possibly due to the fact that they gave the worst of the rioters a wide berth, at one point reporting that there were several thousand people in the afflicted area of West Philadelphia, looting stores and carrying off everything from food to big-screen TVs.
Walmart looting aftermath (Philadelphia)
SWING STATE: 30 Officers Injured in Anti-Police Protests in Philadelphia.
This was LA last night. This is just a few miles from where they arrested a man for paddle boarding, alone, in the ocean. Oh, and churches are still closed. pic.twitter.com/WouF2WKRvE — Benny (@bennyjohnson) October 28, 2020
BREAKING: #Philadelphia police say they have confiscated a “truck full” of firearms meant for rioters. — SV News 🚨 (@SVNewsAlerts) October 28, 2020
h/t WW3NuclearApocalypse


investmentwatchblog--2020-10-28--Seriously this world is going INSANE…

Seriously this world is going INSANE…

Woman stabs shop worker 27 times for telling her to put on a mask Chicago police report that a woman @ @ @ @ @ 27 times while another held him down after he asked them to wear face masks @ @ @ @ @ happened at 6pm on Sunday at Snipes , a shoe store in Lawndale , on @ @ @ @ @ side , according to The Chicago Sun-Times .
The two women were requested to wear @ @ @ @ @ to help mitigate the spread of the coronavirus , but they refused and began to @ @ @ @ @ a phone when he asked them to leave .
An altercation began , with the @ @ @ @ @ phone , when he was struck by a garbage can .
The two women then @ @ @ @ @

Woman stabs shop worker 27 times for telling her to put on a mask
Chicago police report that a woman stabbed a store security guard 27 times while another held him down after he asked them to wear face masks while shopping.
The attack happened at 6pm on Sunday at Snipes, a shoe store in Lawndale, on the city’s western side, according to The Chicago Sun-Times.
The two women were requested to wear masks and use hand sanitiser to help mitigate the spread of the coronavirus, but they refused and began to film the security guard on a phone when he asked them to leave.
An altercation began, with the guard attempting to grab the phone, when he was struck by a garbage can. The two women then began to punch him.
…


LIFTOFF & COLLAPSE

Get ready for the biggest collapse in the history of mankind .
It will be devastating and reach all parts of society , economic , financial , political & social .
But wait , it won ’ t happen just yet .
Because before that the world will experience a LIFTOFF in markets of gigantic proportions .
This will be the grand finale of this financial era .
It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets .
Most investment assets will benefit as the disconnect @ @ @ @ @ @ @ proportions .
So there we have it .
For investors the outcome of this election is totally irrelevant .
In four years time , the difference for the economy and markets between a Trump or Biden victory will be insignificant .
Either one of them only has one choice .
They are both facing a bankrupt country which has been running budget deficits since 1930 with four years of exception in the 1940s-50s .
The Clinton surpluses were fake .
Also , the US has had trade deficits for almost 50 years .
@ @ @ @ @ @ @ debt which was under $ 1 trillion when Reagan became President in 1981 and is now $ 27t .
In the next four years , a $ 40t debt is guaranteed as I forecast four years ago but as the financial system implodes , the debt could easily run into $ 100s of trillions or $ quadrillions when the derivative bubble bursts .
The global financial system should have collapsed already in 2006-9 but the central banks managed to delay the inevitable demise for over a decade .
What we must understand is @ @ @ @ @ @ @ doesn ’ t happen quietly .
No , the conditions need to be uber-euphoric with maximum bullishness for the economy and stocks .
This means that before this era is over , markets must surge in the final months , even double over a 9-18 months period .
Multiple factors are now in place for this to happen .
Firstly both presidential candidates will need not just fistfuls of dollars but quantum computers that can print the required trillions and quadrillions of dollars .
The convenient excuse they have is of course Covid @ @ @ @ @ @ @ companies need money , municipalities , states and the Federal government need money .
But we mustn ’ t forget how the end of the final phase of this economic era started .
This was back in Aug-Sep 2019 when the Fed and the ECB shouted out from the roof tops that were going to do what it takes to save the system .
They didn ’ t tell us what the problems were , but it was clear to some of us who understood the fragility of the financial system that it @ @ @ @ @ @ @ last crisis started in 2006 , the Fed ’ s balance sheet was $ 830b .
At the end of the Great Financial Crisis in 2009 , the balance sheet had grown to $ 2t .
But no one must believe that the problem had been solved by 2009 .
All it was , was a temporary stay of execution .
Why otherwise would the Fed ’ s balance sheet have grown by another $ 5t since 2009 .
Just looking at the predicted budget deficits in the next 4 years , plus @ @ @ @ @ @ @ Fed ’ s balance sheet is likely to explode in coming years .
LIQUIDITY INJECTIONS WILL GIVE SHORT TERM BENEFIT TO THE ECONOMY So the conditions are in place for the biggest liquidity injection in financial history .
For many years we have experienced a total disconnect between economic reality and markets .
The coming acceleration in money printing and liquidity injections in to the financial system will be so overwhelming that it will not just fuel markets but also give a short term , albeit artificial , boost to the economy .
@ @ @ @ @ @ @ at the beginning of an inflationary phase which leads to hyperinflation as the currency collapses .
The paralysation of the world economy due to Covid will probably peak with the current second wave and therefore add to the optimism in markets .
But no one must believe that the pandemic is the cause of the problems in the world economy .
No , it has just been a very vicious catalyst which hit an already fragile financial system .
When Covid gradually slows down , the initial optimism combined with the flooding of @ @ @ @ @ @ @ for a year or so .
But as the world realises that you can not solve a debt problem with more debt , the real difficulties in the economy and the financial system will reemerge with a vengeance .
So let us look at a possible scenario of events following the election : New president will flood the economy with money & boost stocks Initial market volatility will settle down quickly and investors will respond optimistically to the new president ’ s promises of support to every corner of the economy .
Stock @ @ @ @ @ @ @ a 9-18 month period .
No cash will be left on the sidelines .
Both institutions and retail investors will throw all the cash they have at the stock market .
There will be a frenzy which will surpass the tech stock boom in the 1990s .
There will be fanfares and blazing guns as the market seems unstoppable .
But after the likely short-term boom , there will be tears as markets fall by over 90 % in real terms .
And sadly most investors will ride the stock market all the @ @ @ @ @ @ @ time is that central banks will not and can not save them .
The biggest beneficiary of this coming boom will be commodity markets which are at a 50 year low versus stocks .
Looking at the chart below , the minimum target would be commodities outperforming stocks by 4 to 1 .
Eventually a new high in commodities against stocks is likely .
This would mean commodities outperforming stocks by 20x .
The first part of this outperformance will come as stock markets rise .
But the final phase will be when @ @ @ @ @ @ @ to strengthen .
Goldman Sachs expect commodities to rise 28 % in 2021 .
They expect inflation plus a commodities deficit will drive prices higher .
And this is of course what the chart below tells us .
Gold , silver and platinum will vastly outperform stocks .
The Dow – Gold ratio will initially reach 1 to 1 where it was in 1980 when gold was $ 850 and the Dow index 850 .
Eventually the ratio will reach at least 0.5 to 1 which means that the Dow will lose 97 @ @ @ @ @ @ @ years .
Goldman Sachs expects gold to reach $ 2,300 in 2021 but I believe that target is too conservative .
Before gold breaks out above the August high at $ 2,074 , a correction down to $ 1,800-20 is possible and would not change gold ’ s unstoppable rise .
In this latest phase , gold is in a bull market or more correctly , the currencies are in a bear market since 1999 .
The continued debasement of the currencies is guaranteed by the central banks since they only have one @ @ @ @ @ @ @ PRINT until money dies .
We must remember that gold is the king of the metals and therefore the safest precious metal to hold .
But initially at least , silver and platinum will strongly outperform gold but with massive volatility .
Vital to hold physical metals stored in safe vaults in the investor ’ s name , outside the banking system .
It is important not to forget that the risks in the financial system will be at a maximum for the next few years and a failure can happen at any @ @ @ @ @ @ @ this is where more money will be made than in any area of stocks or other investments .
Especially the juniors will really shine .
But this is a market for specialists .
So either best to follow some of the smartest investors in this area or to buy an index of these stocks .
There will be many 10-20 baggers and even some 100 baggers but obviously also some losers .
So important to have a spread .
The biggest risk with mining stocks is that they are normally held within the @ @ @ @ @ @ @ are a terrific investment opportunity , they are not the best form of wealth preservation .
Therefore it is safer to have a much bigger allocation to the physical metals which , even though they will underperform the mining stocks , will see massive capital appreciation .
The chart below shows XAU gold – silver index against the Dow since 1983 when the XAU was introduced .
Since then the XAU has lost 95 % against the Dow .
This fall is likely to be reversed in the next few years with the @ @ @ @ @ @ @ .
For Dow investors this means losing 95 % against mining stocks .
And sadly , this is what will happen to 99 % of investors as they stick to their ordinary stocks and miss the most incredible opportunity .
Printing unlimited amounts of money always has consequences .
Since 1971 the dollar has lost 98 % in real terms which means against gold since gold is the only money that has survived in history .
The dollar is now starting its final journey to ZERO and as the table shows , even @ @ @ @ @ @ @ euro will outperform the doomed dollar .
A falling dollar will accelerate US inflation until it leads to hyperinflation .
Interest market is probably the most contrarian of all trades today .
The whole investment world , including the Fed and the ECB believe that rates will stay at zero or below for years to come .
Normally when consensus is that strong , the opposite is more likely to happen .
Also , rising a weaker dollar will cause higher inflation which will put upward pressure on rates .
As investors start @ @ @ @ @ @ @ market , short rates will eventually follow .
Precious metals normally benefit from negative real rates which means that inflation is higher than interest rates .
Gold can still rise strongly with high nominal rates as long as inflation is higher .
We saw this happen in the 1970s to the early 1980s when rates reached 20 % and gold went from $ 35 to $ 850 .
During that time , inflation remained higher than rates .
I remember this period well as I experienced it in the UK with my first @ @ @ @ @ @ @ is now an opportunity for all investors to double their money in the stock market in the next 9-18 months as ever more liquidity will fuel stock markets .
But a Caveat Emptor ( Buyer Beware ) warning is in place here .
Asset markets are already in a major bubble and the financial system is so fragile that it could break at any time .
So rather than chasing the last leg of this bull market which most investors will do , it will be much better to look at safer alternatives @ @ @ @ @ @ @ Physical precious metals and precious metals stocks will outperform all other markets .
And these all present the best risk .
Both the metals and the metal stocks will boom in the final phase of the stock market boom .
And as stock markets top and then crash , the precious metals sector will continue to perform extremely well as currencies are debased .
As I stated above , the general stock market is likely to lose at least 95 % against the precious metals sector in the next five years .
There @ @ @ @ @ @ @ clear choice in investment markets but sadly most investors will miss it .
They will instead stick to their conventional portfolio which will include a lot of the already overvalued tech stocks .
Holding gold and silver stocks will be the investment opportunity of a life time .
But since they are held within a vulnerable financial system , we believe that a these holdings should represent a much smaller percentage than physical metals .
To hold physical gold , silver and platinum outside the fragile banking system is the ultimate form of @ @ @ @ @ @ @ infested and unsafe financial system .
With a portfolio of some precious metals stocks and physical metals , investors will be able to ride out the coming storm and volatility in markets and also benefit financially .
Of course there will be volatility also in the metals market but the trend in the next 5+ years is virtually guaranteed .
So better to avoid the coming boom and bust in the general stock markets and stick to metals .

Get ready for the biggest collapse in the history of mankind. It will be devastating and reach all parts of society, economic, financial, political & social.
But wait, it won’t happen just yet. Because before that the world will experience a LIFTOFF in markets of gigantic proportions. This will be the grand finale of this financial era. It will involve inflationary liquidity injections of proportions never seen before in history and lead to a massive explosion in many asset markets.
Most investment assets will benefit as the disconnect between markets and reality grows to distortionary proportions.
TRUMP – YOU WIN! BIDEN – YOU WIN!
So there we have it. For investors the outcome of this election is totally irrelevant. In four years time, the difference for the economy and markets between a Trump or Biden victory will be insignificant.
Either one of them only has one choice. They are both facing a bankrupt country which has been running budget deficits since 1930 with four years of exception in the 1940s-50s. The Clinton surpluses were fake. Also, the US has had trade deficits for almost 50 years. The consequence has been an exponentially surging debt which was under $1 trillion when Reagan became President in 1981 and is now $27t. In the next four years, a $40t debt is guaranteed as I forecast four years ago but as the financial system implodes, the debt could easily run into $100s of trillions or $ quadrillions when the derivative bubble bursts.
The global financial system should have collapsed already in 2006-9 but the central banks managed to delay the inevitable demise for over a decade.
SUPER CYCLE BULL MARKETS END IN EUPHORIA
What we must understand is that the end of an economic supercycle doesn’t happen quietly. No, the conditions need to be uber-euphoric with maximum bullishness for the economy and stocks. This means that before this era is over, markets must surge in the final months, even double over a 9-18 months period.
Multiple factors are now in place for this to happen. Firstly both presidential candidates will need not just fistfuls of dollars but quantum computers that can print the required trillions and quadrillions of dollars.
The convenient excuse they have is of course Covid. Individuals not working need money, companies need money, municipalities, states and the Federal government need money.
But we mustn’t forget how the end of the final phase of this economic era started. This was back in Aug-Sep 2019 when the Fed and the ECB shouted out from the roof tops that were going to do what it takes to save the system. They didn’t tell us what the problems were, but it was clear to some of us who understood the fragility of the financial system that it was in dire straits. When the last crisis started in 2006, the Fed’s balance sheet was $830b. At the end of the Great Financial Crisis in 2009, the balance sheet had grown to $2t.
But no one must believe that the problem had been solved by 2009. All it was, was a temporary stay of execution. Why otherwise would the Fed’s balance sheet have grown by another $5t since 2009. Just looking at the predicted budget deficits in the next 4 years, plus accelerating problems in the financial system the Fed’s balance sheet is likely to explode in coming years.
LIQUIDITY INJECTIONS WILL GIVE SHORT TERM BENEFIT TO THE ECONOMY
So the conditions are in place for the biggest liquidity injection in financial history. For many years we have experienced a total disconnect between economic reality and markets. The coming acceleration in money printing and liquidity injections in to the financial system will be so overwhelming that it will not just fuel markets but also give a short term, albeit artificial, boost to the economy.
This is a typical course of events at the beginning of an inflationary phase which leads to hyperinflation as the currency collapses.
The paralysation of the world economy due to Covid will probably peak with the current second wave and therefore add to the optimism in markets. But no one must believe that the pandemic is the cause of the problems in the world economy. No, it has just been a very vicious catalyst which hit an already fragile financial system.
When Covid gradually slows down, the initial optimism combined with the flooding of the system with printed money might last for a year or so. But as the world realises that you cannot solve a debt problem with more debt, the real difficulties in the economy and the financial system will reemerge with a vengeance.
FROM BOOM TO BUST
So let us look at a possible scenario of events following the election:
New president will flood the economy with money & boost stocks
Initial market volatility will settle down quickly and investors will respond optimistically to the new president’s promises of support to every corner of the economy.
Stock markets will surge and could double over a 9-18 month period. No cash will be left on the sidelines. Both institutions and retail investors will throw all the cash they have at the stock market. There will be a frenzy which will surpass the tech stock boom in the 1990s. There will be fanfares and blazing guns as the market seems unstoppable.
But after the likely short-term boom, there will be tears as markets fall by over 90% in real terms. And sadly most investors will ride the stock market all the way down. The big difference this time is that central banks will not and cannot save them.
COMMODITIES WILL BOOM
The biggest beneficiary of this coming boom will be commodity markets which are at a 50 year low versus stocks. Looking at the chart below, the minimum target would be commodities outperforming stocks by 4 to 1. Eventually a new high in commodities against stocks is likely. This would mean commodities outperforming stocks by 20x. The first part of this outperformance will come as stock markets rise. But the final phase will be when general stock markets collapse and commodities continue to strengthen. Goldman Sachs expect commodities to rise 28% in 2021. They expect inflation plus a commodities deficit will drive prices higher. And this is of course what the chart below tells us.
PRECIOUS METALS WILL SHINE
Gold, silver and platinum will vastly outperform stocks. The Dow – Gold ratio will initially reach 1 to 1 where it was in 1980 when gold was $850 and the Dow index 850. Eventually the ratio will reach at least 0.5 to 1 which means that the Dow will lose 97% against gold in the next five years.
Goldman Sachs expects gold to reach $2,300 in 2021 but I believe that target is too conservative. Before gold breaks out above the August high at $2,074, a correction down to $1,800-20 is possible and would not change gold’s unstoppable rise. In this latest phase, gold is in a bull market or more correctly, the currencies are in a bear market since 1999. The continued debasement of the currencies is guaranteed by the central banks since they only have one option – TO PRINT AND PRINT AND PRINT until money dies.
We are primarily funded by readers. Please subscribe and donate to support us!
We must remember that gold is the king of the metals and therefore the safest precious metal to hold. But initially at least, silver and platinum will strongly outperform gold but with massive volatility.
Vital to hold physical metals stored in safe vaults in the investor’s name, outside the banking system. It is important not to forget that the risks in the financial system will be at a maximum for the next few years and a failure can happen at any time.
PRECIOUS METALS MINING STOCKS
For the smart investor, this is where more money will be made than in any area of stocks or other investments. Especially the juniors will really shine. But this is a market for specialists. So either best to follow some of the smartest investors in this area or to buy an index of these stocks. There will be many 10-20 baggers and even some 100 baggers but obviously also some losers. So important to have a spread.
The biggest risk with mining stocks is that they are normally held within the financial system. So even though they are a terrific investment opportunity, they are not the best form of wealth preservation. Therefore it is safer to have a much bigger allocation to the physical metals which, even though they will underperform the mining stocks, will see massive capital appreciation.
The chart below shows XAU gold – silver index against the Dow since 1983 when the XAU was introduced. Since then the XAU has lost 95% against the Dow. This fall is likely to be reversed in the next few years with the XAU going up 20x against the Dow . For Dow investors this means losing 95% against mining stocks.
And sadly, this is what will happen to 99% of investors as they stick to their ordinary stocks and miss the most incredible opportunity.
DOLLAR
Printing unlimited amounts of money always has consequences. Since 1971 the dollar has lost 98% in real terms which means against gold since gold is the only money that has survived in history.
The dollar is now starting its final journey to ZERO and as the table shows, even a weak and artificial currency like the euro will outperform the doomed dollar.
A falling dollar will accelerate US inflation until it leads to hyperinflation.
INTEREST RATES
Interest market is probably the most contrarian of all trades today. The whole investment world, including the Fed and the ECB believe that rates will stay at zero or below for years to come. Normally when consensus is that strong, the opposite is more likely to happen.
Also, rising a weaker dollar will cause higher inflation which will put upward pressure on rates. As investors start selling the long end of the bond market, short rates will eventually follow.
Precious metals normally benefit from negative real rates which means that inflation is higher than interest rates. Gold can still rise strongly with high nominal rates as long as inflation is higher. We saw this happen in the 1970s to the early 1980s when rates reached 20% and gold went from $35 to $850. During that time, inflation remained higher than rates.
I remember this period well as I experienced it in the UK with my first mortgage reaching 21%.
FROM BOOM TO BUST
So there is now an opportunity for all investors to double their money in the stock market in the next 9-18 months as ever more liquidity will fuel stock markets.
But a Caveat Emptor (Buyer Beware) warning is in place here. Asset markets are already in a major bubble and the financial system is so fragile that it could break at any time.
So rather than chasing the last leg of this bull market which most investors will do, it will be much better to look at safer alternatives.
I have outlined them above. Physical precious metals and precious metals stocks will outperform all other markets. And these all present the best risk. Both the metals and the metal stocks will boom in the final phase of the stock market boom. And as stock markets top and then crash, the precious metals sector will continue to perform extremely well as currencies are debased.
As I stated above, the general stock market is likely to lose at least 95% against the precious metals sector in the next five years.
There has probably never before been such a clear choice in investment markets but sadly most investors will miss it. They will instead stick to their conventional portfolio which will include a lot of the already overvalued tech stocks.
Holding gold and silver stocks will be the investment opportunity of a life time. But since they are held within a vulnerable financial system, we believe that a these holdings should represent a much smaller percentage than physical metals.
To hold physical gold, silver and platinum outside the fragile banking system is the ultimate form of wealth preservation and insurance against a debt infested and unsafe financial system.
With a portfolio of some precious metals stocks and physical metals, investors will be able to ride out the coming storm and volatility in markets and also benefit financially. Of course there will be volatility also in the metals market but the trend in the next 5+ years is virtually guaranteed.
So better to avoid the coming boom and bust in the general stock markets and stick to metals.


investmentwatchblog--2020-10-28--Fox just screwed up big time

Fox just screwed up big time

Lachlan Murdoch ’ s plan to go woke just backfired by this attack interview .
This got ta routine is @ @ @ @ @ time .

Lachlan Murdoch’s plan to go woke just backfired by this attack interview. This gotta routine is going to cost Fox big time.
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Rudy Giuliani blows up a Fox Business interview after Lisa Kennedy says people could say he's acting like Trump dossier author Christopher Steele with the Hunter Biden laptop materials: "You better apologize for that … I think our interview is now over" pic.twitter.com/OsIGZ42y1r — Daniel Chaitin (@danielchaitin7) October 28, 2020


investmentwatchblog--2020-10-28--Twitter, Facebook and Google CEOs testify before Senate on Section 230 LIVE FEED

LIVE : Facebook CEO Mark Zuckerberg , Twitter CEO Jack Dorsey and Alphabet Inc. , Google CEO Sundar Pichai will @ @ @ @ @ , Science and Transportation committee .
The tech giants are expected to be grilled on @ @ @ @ @ protection after allegedly censoring the distribution of The New York Post article on Hunter Biden @

LIVE: Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Alphabet Inc., Google CEO Sundar Pichai will testify before the Senate Commerce, Science and Transportation committee. The tech giants are expected to be grilled on Section 230’s liability protection after allegedly censoring the distribution of The New York Post article on Hunter Biden.
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h/t Mist Walker


investmentwatchblog--2020-10-29--Knock-on Effects Knock out Economy Like Dominoes

The major knock-on effects of the COVID shutdown are now starting to stack against each other , pushing city centers into the dust .
Here are some of the big moves that are as characteristic of the US as they are of the world overall .
Offices are closing all over town — all over almost every town .
Remote work has seized the day along with continued levels of unemployment that are historically beyond anything the living have ever experienced ( unless you ’ re as old as COVID Joe ) .
While the turning of offices into ghost @ @ @ @ @ @ @ , the resurgence of COVID-19 that is taking some states and some nations back into lockdown as Halloween approaches has cinched the end times for many office buildings that will now be converted into housing for the homeless in cities filled with smoke where you can love the smell of tear gas in the morning .
76 % of US CEOs Will Slash Office Space As Remote Work Dominates The virus pandemic has accelerated more flexible work options for employees , with many companies instructing employees to work remotely through 2021 , or @ @ @ @ @ @ @ a result , according to a new survey , CEOs have said they will slash office space , a move that could ripple through commercial real estate markets , all the way down into local economies… .
The prolonged economic downturn and persistent virus pandemic are whipping up a perfect storm where companies must reduce their corporate footprint .
As I ’ ve said about the dynamics since the Retail Apocalypse started to unfold a few years ago , Zero Hedge concurs : You can understand why businesses will be vacating their leases @ @ @ @ @ @ @ already vacated their offices in big cities that have destroyed rational thinking , peace and security in exchange for expending all their efforts to justify and protect riots : Their citizens are voting with their feet and getting out of town .
As a point of perspective , that amount of office space already vacant in SF is equal to nine of the tallest buildings in SF being completely empty : That is like someone dropped a MOAB in the center of San Francisco .
Of course , this is taking commercial mortgage-backed @ @ @ @ @ @ @ love those MBSs .
Having experienced the ear-drum-busting collapse their defaults can trigger during the Great Recession , we made sure to pile new ones even higher so they can collapse all over again .
This time is different , I ’ m sure .
Although , if it is different , why is the following collapse already building momentum : An explosion of commercial lease defaults results in an explosion of commercial real-estate mortgage defaults , which results in a MOAB of CMBS defaults ( commercial mortgage backed securities ) .
As @ @ @ @ @ @ @ uncountable zombie corporations , we also see a massive swath of commercial bond defaults .
Anyone see a real problem forming here ?
( Apparently stock traders didn ’ t because , true to their current zombie intellects , traders kept taking the market up all summer as if nothing bad was developing all around them .
So , now they are facing an ugly surprise as the Narcan of economic reality knocks down their high .
Get ready for the October surprise that should have surprised no one because I wrote it @ @ @ @ @ @ @ The bond crisis is historic in scale because it is the first time we have seen so many bonds trading for pennies on the dollars in bankruptcies , and that is not because of COVID , though COVID triggered the crisis .
It is because the Fed ( and other central banks around the world ) implemented policies that created a zombie apocalypse of companies that do not have enough earnings to service their debts .
That , of course , is one of the major dangers I ’ ve devoted years to @ @ @ @ @ @ @ create truly toxic chemistry , the Fed also encouraged bond holders to accept bonds that were “ covenant lite , ” meaning they did not offer the first-place position in a bankruptcy situation that bond holders traditionally held , which is what used to make bonds the safe asset for troubled times .
Not any more .
Reach for yield in central-bank-spawned bottom-feeder bond markets enticed investors into depths to which they should have never gone .
We have moved from losing companies and losing office space to the risk of now also @ @ @ @ @ @ @ businesses as hundreds of airports around the world face bankruptcy .
Again what is already true in Europe is starting to emerge in the US : ACI Europe airports association warns that 193 airports are at risk of insolvency in the coming months if passenger traffic does not start to recover from the coronavirus shock .
While the airports facing insolvency are mainly smaller regional hubs , their closure may have a ripple effect on economies and lead to “ the collapse of a significant part ” of the European air transport system @ @ @ @ @ @ @ ( ACI ) .
Larger airports are not immune to the impact of the coronavirus pandemic , which pushed passenger traffic down by 73 percent in September alone… .
“ The figures published today paint a dramatically bleak picture .
8 months into the crisis , all of Europe ’ s airports are burning through cash to remain open , with revenues far from covering the costs of operations , let alone capital costs , ” Olivier Jankovec , the director general of ACI Europe , said .
The knock-on effects for all @ @ @ @ @ @ @ With that kind of destruction at the center of the world ’ s cosmopolitan cities , you can no longer smell the grease paint or hear the roar of the crowds on Broadway anymore .
The world ’ s greatest theaters are mostly empty .
The world ’ s greatest stores are increasingly boarded up to protect them from violence that returns through the revolving doors of liberal justice that these cities have chosen for themselves .
Quite simply , why would anyone want to live there anymore ?
It is no wonder @ @ @ @ @ @ @ look like this : Which looks an awful lot like this : According to Fox News in NYC , more than one-million New Yorkers are now experiencing food insecurity .
The whole global economy — US fully included — looks like this : Actually , it looks like multiple large structures leaning into each other all the way across town … in all the major cities on earth .
I just can ’ t find a photo of domino-like destruction that looks that bad .
The only “ V ” in this recovery @ @ @ @ @ @ @ silhouette of skyscrapers leaning into each other .
( And , yet , stock traders thought it was a wise time to bet up stocks in hopes of a bright future .
More on that pedal-to-the-metal stupidity soon . )

by David Haggith
The major knock-on effects of the COVID shutdown are now starting to stack against each other, pushing city centers into the dust. Here are some of the big moves that are as characteristic of the US as they are of the world overall.
The Offapocalypse explodes
Offices are closing all over town — all over almost every town. Remote work has seized the day along with continued levels of unemployment that are historically beyond anything the living have ever experienced (unless you’re as old as COVID Joe).
While the turning of offices into ghost towns is not a new knock-on effect, the resurgence of COVID-19 that is taking some states and some nations back into lockdown as Halloween approaches has cinched the end times for many office buildings that will now be converted into housing for the homeless in cities filled with smoke where you can love the smell of tear gas in the morning.
76% of US CEOs Will Slash Office Space As Remote Work Dominates The virus pandemic has accelerated more flexible work options for employees, with many companies instructing employees to work remotely through 2021, or in some cases, permanently. As a result, according to a new survey, CEOs have said they will slash office space, a move that could ripple through commercial real estate markets, all the way down into local economies…. The prolonged economic downturn and persistent virus pandemic are whipping up a perfect storm where companies must reduce their corporate footprint. Zero Hedge
As I’ve said about the dynamics since the Retail Apocalypse started to unfold a few years ago, Zero Hedge concurs:
The scale-back of corporate space because of remote working will also damage local economies that surround business districts. This will be a mass hit to gas stations, restaurants, and other shops, who depend on commuters, will see less and less traffic for the next few years.
You can understand why businesses will be vacating their leases when you look at how they have already vacated their offices in big cities that have destroyed rational thinking, peace and security in exchange for expending all their efforts to justify and protect riots:
Their citizens are voting with their feet and getting out of town. As a point of perspective, that amount of office space already vacant in SF is equal to nine of the tallest buildings in SF being completely empty:
That is like someone dropped a MOAB in the center of San Francisco.
Of course, this is taking commercial mortgage-backed securities into the tranches. And we love those MBSs. Having experienced the ear-drum-busting collapse their defaults can trigger during the Great Recession, we made sure to pile new ones even higher so they can collapse all over again. This time is different, I’m sure. Although, if it is different, why is the following collapse already building momentum:
Bond bankruptcies going bonkers
An explosion of commercial lease defaults results in an explosion of commercial real-estate mortgage defaults, which results in a MOAB of CMBS defaults (commercial mortgage backed securities). As a result of Fed easy money creating uncountable zombie corporations, we also see a massive swath of commercial bond defaults.
(Only the cued-up part of the video with Christie Ai applies.)
Anyone see a real problem forming here? (Apparently stock traders didn’t because, true to their current zombie intellects, traders kept taking the market up all summer as if nothing bad was developing all around them. So, now they are facing an ugly surprise as the Narcan of economic reality knocks down their high. Get ready for the October surprise that should have surprised no one because I wrote it was likely coming months ago.)
We are primarily funded by readers. Please subscribe and donate to support us!
The bond crisis is historic in scale because it is the first time we have seen so many bonds trading for pennies on the dollars in bankruptcies, and that is not because of COVID, though COVID triggered the crisis. It is because the Fed (and other central banks around the world) implemented policies that created a zombie apocalypse of companies that do not have enough earnings to service their debts.
That, of course, is one of the major dangers I’ve devoted years to on this blog. In order to create truly toxic chemistry, the Fed also encouraged bond holders to accept bonds that were “covenant lite,” meaning they did not offer the first-place position in a bankruptcy situation that bond holders traditionally held, which is what used to make bonds the safe asset for troubled times. Not any more.
Reach for yield in central-bank-spawned bottom-feeder bond markets enticed investors into depths to which they should have never gone.
Airports losing ground fast
We have moved from losing companies and losing office space to the risk of now also losing the physical infrastructure that helps connect businesses as hundreds of airports around the world face bankruptcy. Again what is already true in Europe is starting to emerge in the US:
ACI Europe airports association warns that 193 airports are at risk of insolvency in the coming months if passenger traffic does not start to recover from the coronavirus shock. While the airports facing insolvency are mainly smaller regional hubs, their closure may have a ripple effect on economies and lead to “the collapse of a significant part” of the European air transport system, according to Airports Council International Europe (ACI). Larger airports are not immune to the impact of the coronavirus pandemic, which pushed passenger traffic down by 73 percent in September alone…. “The figures published today paint a dramatically bleak picture. 8 months into the crisis, all of Europe’s airports are burning through cash to remain open, with revenues far from covering the costs of operations, let alone capital costs,” Olivier Jankovec, the director general of ACI Europe, said. RT
The knock-on effects for all European businesses look just as bleak:
More than 50 percent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have to close in 12 months as they’re struggling to stay afloat amid the coronavirus crisis. RT
The United Nations (UN) has released figures on the devastating impact of Covid-19 on global tourism, warning that the outbreak may cost the troubled sector $1.2 trillion in losses and put 120 million tourism jobs at risk…. As one in 10 people on Earth work in the tourism sector, the unprecedented crisis threatens the wellbeing of millions, the organization warned. RT
Souped-up depression
With that kind of destruction at the center of the world’s cosmopolitan cities, you can no longer smell the grease paint or hear the roar of the crowds on Broadway anymore. The world’s greatest theaters are mostly empty. The world’s greatest stores are increasingly boarded up to protect them from violence that returns through the revolving doors of liberal justice that these cities have chosen for themselves.
Quite simply, why would anyone want to live there anymore?
It is no wonder that food lines in New York now look like this:
Which looks an awful lot like this:
According to Fox News in NYC, more than one-million New Yorkers are now experiencing food insecurity.
The whole global economy — US fully included — looks like this:
Tipping Taiwan Tower
Actually, it looks like multiple large structures leaning into each other all the way across town … in all the major cities on earth. I just can’t find a photo of domino-like destruction that looks that bad. The only “V” in this recovery is an upside-down one that represents the silhouette of skyscrapers leaning into each other. (And, yet, stock traders thought it was a wise time to bet up stocks in hopes of a bright future. More on that pedal-to-the-metal stupidity soon.)


investmentwatchblog--2020-10-29--ALICE Doesn’t Work Here Anymore

ALICE Doesn’t Work Here Anymore

What the political class and the Financial Nobility don ’ t yet grasp is that ALICE will never go back to her insecure , low-wage job , ever .
Meet ALICE : Asset Limited , Income Constrained , Employed , at least she was employed until the pandemic presented impossible choices between taking care of her children and their education , and her aging parents , and keeping her demanding , low-wage job .
Though it doesn ’ t fit in with the cute mythology of “ capitalism ” that apologists love to promote , ALICE wasn ’ t working @ @ @ @ @ @ @ survive in an economy where wages have stagnated for decades and recently lost ground at an alarming rate as costs for everything from rent to childcare to utilities have soared while her hours have been cut .
This is the neofeudalism I ’ ve often described here : the modern-day equivalent of the landless ( i.e .
owns no capital ) serf is a landless ( i.e .
owns no capital ) debt-serf with student loans , an auto loan and credit card debt and income that is constrained by globalization , financialization @ @ @ @ @ @ @ isn ’ t reserved for insiders and the privileged few who chose their wealthy , well-educated , socially connected parents wisely .
Lacking capital and any realistic means of acquiring any , the debt-serf has only labor to sell , and in a globalized world in which everyone selling their labor is competing globally for work producing tradable goods and services , ordinary labor has lost purchasing power for the past 45 years ( see charts below ) .
The dominance of Big Tech monopoly platforms has created new fields for the exploitation @ @ @ @ @ @ @ economy and fulfillment centers .
The traditional neofeudal fiefdoms ( retail outlets , hospitality and restaurants ) have been hit by the pandemic pullback in consumer spending , and the other low-wage fiefdoms ( fast food and domestic service ) have been in structural decline for years .
Meanwhile , the owners of the Financial Nobility ’ s fiefdoms and Big Tech monopolies have enjoyed unprecedented gains in income and wealth ( see charts below ) as wages ’ share of the economy has declined for decades , in effect transferring trillions from @ @ @ @ @ @ @ neofeudal arrangement is about to change as Universal Basic Income ( UBI ) or its equivalent becomes the accepted status quo solution to neofeudalism ’ s soaring inequality .
Since there ’ s no limit to how much currency can be created by the Federal Reserve , then why not distribute enough “ free money ” to the serfs to tamp down the brewing revolt ?
What the political class and the Financial Nobility don ’ t yet grasp ( due to their complete disconnect from neofeudal daily life ) is that ALICE @ @ @ @ @ @ @ , low-wage job , ever .
No matter how meager the UBI , permanent unemployment , stimulus or whatever the political class calls the distribution of “ Fed free money , ” ALICE will find a way to escape the bonds of neofeudal serfdom .
As I ’ ve noted here many times , the cash / informal economy beckons .
All sorts of labor arrangements can be made on ALICE ’ s terms , not the Big Tech monopolies ’ terms .
No wonder the Financial Nobility is so desperate to eliminate @ @ @ @ @ @ @ the need if the Neofeudal Overlords try to eliminate cash dollars .
Liberty and freedom are not just lofty academic abstractions ; what matters is being freed of the neofeudal chains of Big Tech monopoly platforms and the Financial Nobility ’ s other fiefdoms .
Of related interest : Why the Pandemic Is Forcing Women Out of the Workforce ( via A.P . )

by Charles Hugh-Smith
What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.
Meet ALICE: Asset Limited, Income Constrained, Employed, at least she was employed until the pandemic presented impossible choices between taking care of her children and their education, and her aging parents, and keeping her demanding, low-wage job.
Though it doesn’t fit in with the cute mythology of “capitalism” that apologists love to promote, ALICE wasn’t working to get ahead–she was working to barely survive in an economy where wages have stagnated for decades and recently lost ground at an alarming rate as costs for everything from rent to childcare to utilities have soared while her hours have been cut.
This is the neofeudalism I’ve often described here: the modern-day equivalent of the landless (i.e. owns no capital) serf is a landless (i.e. owns no capital) debt-serf with student loans, an auto loan and credit card debt and income that is constrained by globalization, financialization and the scarcity of high-paying work that isn’t reserved for insiders and the privileged few who chose their wealthy, well-educated, socially connected parents wisely.
Lacking capital and any realistic means of acquiring any, the debt-serf has only labor to sell, and in a globalized world in which everyone selling their labor is competing globally for work producing tradable goods and services, ordinary labor has lost purchasing power for the past 45 years (see charts below).
The dominance of Big Tech monopoly platforms has created new fields for the exploitation of ordinary labor in the low-paid gig economy and fulfillment centers. The traditional neofeudal fiefdoms (retail outlets, hospitality and restaurants) have been hit by the pandemic pullback in consumer spending, and the other low-wage fiefdoms (fast food and domestic service) have been in structural decline for years.
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Meanwhile, the owners of the Financial Nobility’s fiefdoms and Big Tech monopolies have enjoyed unprecedented gains in income and wealth (see charts below) as wages’ share of the economy has declined for decades, in effect transferring trillions from labor to the Financial Nobility.
This neofeudal arrangement is about to change as Universal Basic Income (UBI) or its equivalent becomes the accepted status quo solution to neofeudalism’s soaring inequality. Since there’s no limit to how much currency can be created by the Federal Reserve, then why not distribute enough “free money” to the serfs to tamp down the brewing revolt?
What the political class and the Financial Nobility don’t yet grasp (due to their complete disconnect from neofeudal daily life) is that ALICE will never go back to her insecure, low-wage job, ever. No matter how meager the UBI, permanent unemployment, stimulus or whatever the political class calls the distribution of “Fed free money,” ALICE will find a way to escape the bonds of neofeudal serfdom.
As I’ve noted here many times, the cash / informal economy beckons. All sorts of labor arrangements can be made on ALICE’s terms, not the Big Tech monopolies’ terms. No wonder the Financial Nobility is so desperate to eliminate cash. But other currencies may fill the need if the Neofeudal Overlords try to eliminate cash dollars.
Liberty and freedom are not just lofty academic abstractions; what matters is being freed of the neofeudal chains of Big Tech monopoly platforms and the Financial Nobility’s other fiefdoms.
Of related interest: Why the Pandemic Is Forcing Women Out of the Workforce (via A.P.)


investmentwatchblog--2020-10-29--What the early voting numbers tell us about who may be winning the race for the White House

Based on the numbers that we have so far , are there some clues that we can glean about who is winning the race for the White House ?
Up to this point , more than 75 million Americans have already voted , and that blows away anything that we have ever seen before .
To put that in perspective , President Trump received a total of 62.9 million votes in 2016 , and that was enough for him to win the election .
We haven ’ t seen this much enthusiasm for voting in a really long time , @ @ @ @ @ @ @ a positive sign .
Most of the early votes that have been cast so far have been mail-in votes .
But early in-person voting is smashing all previous records as well , and normally Democrats jump out to a lead in early in-person voting .
But this time around , it is Republicans that have taken the lead .
Not all states report the party affiliation of those that have voted early in-person , but for the states that do give us that information the totals are very interesting… Of course there is @ @ @ @ @ @ @ trailing in that category .
In 2020 , they are voting by mail in record numbers , and so not as many of them will be showing up in person to vote .
According to the latest numbers , more than 50 million mail-in ballots have been returned so far .
That is an absolutely astounding number , and it has already surpassed some of the projections that I saw for mail-in voting earlier in the campaign .
For the states that report the party affiliation of those that have voted by mail @ @ @ @ @ @ @ this point… Multiple national surveys have found that the number of Democrats planning to vote by mail is about twice as high as the number of Republicans that plan to vote by mail , so these numbers are right in line with what we would expect .
The big problem for Democrats is the fact that there are still 41 million mail-in ballots outstanding , and time is rapidly running out to get those ballots in on time .
The following comes from the Washington Post… If you have not sent in your @ @ @ @ @ @ @ strongly encourage you to vote on Election Day instead , because at this point many mail-in ballots are not likely to make it through the system in time to be counted .
The Postal Service is absolutely overwhelmed right now , and the percentage of mail that is being delivered on time is way down compared to last year… And this is particularly true in some of the most important areas of our most critical swing states… In the end , Democrats may have really sabotaged themselves by pushing mail-in voting so hard @ @ @ @ @ @ @ votes that are not counted because they were sent in too late , and that could be enough to cost them the election .
National surveys have shown that Trump voters overwhelmingly plan to vote in person on Election Day , and that should help Trump burst out to a significant lead initially .
The Biden campaign is counting on the mail-in ballots to swing the election their way once they are all eventually counted , but any ballots that do not get returned on time will not be counted at all .
@ @ @ @ @ @ @ young voters and minority voters are voting in higher numbers than we have seen in the past .
For example , just consider these numbers from the state of Florida… You would think that those numbers should be a positive sign for Democrats , but Trump is getting an unusually high level of support from Black men and Latino men .
In fact , one recent survey found that Joe Biden ’ s lead among Latino men is just 8 points… Anyone that believes that they know exactly what will happen on the @ @ @ @ @ @ @ probably in for quite a surprise .
As I discussed yesterday , the national polls are all over the place .
The polls that the mainstream media depends upon tend to show Biden with a huge national lead , but independent polls show a much tighter race and they also often show Trump leading in the most critical swing states .
I think that both sides have reason to be very nervous , and I think that it is quite likely that it will take an extended period of time before we finally @ @ @ @ @ @ @ , all of the numbers seem to indicate that this will be a very close race , and the future of our country hangs in the balance .

by Michael Snyder
Based on the numbers that we have so far, are there some clues that we can glean about who is winning the race for the White House? Up to this point, more than 75 million Americans have already voted, and that blows away anything that we have ever seen before. To put that in perspective, President Trump received a total of 62.9 million votes in 2016, and that was enough for him to win the election. We haven’t seen this much enthusiasm for voting in a really long time, and both campaigns are taking this as a positive sign.
Most of the early votes that have been cast so far have been mail-in votes. But early in-person voting is smashing all previous records as well, and normally Democrats jump out to a lead in early in-person voting.
But this time around, it is Republicans that have taken the lead. Not all states report the party affiliation of those that have voted early in-person, but for the states that do give us that information the totals are very interesting…
Democrats 3,115,299 votes (36.9 percent)
Republicans 3,511,359 votes (41.6 percent)
Minor 57,702 votes (0.7 percent)
No Party 1,764,745 votes (20.9 percent)
TOTAL 8,449,105 votes (100.0 percent)
Of course there is a really good reason why Democrats are trailing in that category. In 2020, they are voting by mail in record numbers, and so not as many of them will be showing up in person to vote.
According to the latest numbers, more than 50 million mail-in ballots have been returned so far. That is an absolutely astounding number, and it has already surpassed some of the projections that I saw for mail-in voting earlier in the campaign.
For the states that report the party affiliation of those that have voted by mail, here are the totals up to this point…
Democrats 14,234,861 votes (50.5 percent)
Republicans 7,286,457 votes (25.8 percent)
Minor 169,744 votes (0.6 percent)
No Party 6,523,650 votes (23.1 percent)
TOTAL 28,214,712 votes (100.0 percent)
Multiple national surveys have found that the number of Democrats planning to vote by mail is about twice as high as the number of Republicans that plan to vote by mail, so these numbers are right in line with what we would expect.
The big problem for Democrats is the fact that there are still 41 million mail-in ballots outstanding, and time is rapidly running out to get those ballots in on time. The following comes from the Washington Post…
Tuesday marked the last day that postal and election administration experts said ballots could be mailed to ensure delivery in time for Election Day, based on national first-class mail service. The passing of the informal deadline set off a flurry of advisories from election officials and posts on social media encouraging voters who had yet to postmark their ballots to instead drop them off at voting centers — or consider voting in person.
If you have not sent in your mail-in ballot yet, I would very strongly encourage you to vote on Election Day instead, because at this point many mail-in ballots are not likely to make it through the system in time to be counted.
The Postal Service is absolutely overwhelmed right now, and the percentage of mail that is being delivered on time is way down compared to last year…
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In 17 postal districts representing 10 battleground states and 151 electoral votes, the average on-time delivery rate for first-class mail was 64.2 percent on Tuesday, 27.6 percent lower than the performance score for those districts at the beginning of the year.
And this is particularly true in some of the most important areas of our most critical swing states…
In the Philadelphia Metro postal district — which includes the city and suburbs crucial to Democratic nominee Joe Biden’s hopes in the state — 43 percent of Tuesday’s mail was delivered on time, the Postal Service reported to the District Court of the District of Columbia in filings related to litigation over the agency’s service. That represented a steep drop from earlier in the week: 61.2 percent on Monday and 58.4 percent on Saturday. In Detroit, 52.6 percent of Tuesday’s mail was on time. In Northern Ohio, 56 percent; in Wisconsin, 60.7 percent; in South Florida, 62.9 percent.
In the end, Democrats may have really sabotaged themselves by pushing mail-in voting so hard.
They could potentially have millions of votes that are not counted because they were sent in too late, and that could be enough to cost them the election.
National surveys have shown that Trump voters overwhelmingly plan to vote in person on Election Day, and that should help Trump burst out to a significant lead initially.
The Biden campaign is counting on the mail-in ballots to swing the election their way once they are all eventually counted, but any ballots that do not get returned on time will not be counted at all.
Switching gears, we also know that young voters and minority voters are voting in higher numbers than we have seen in the past.
For example, just consider these numbers from the state of Florida…
Young voters in Florida have almost doubled their share of the votes cast so far compared to this point in 2016. Voters 65 or older made up 50% of the early vote at this time four years ago, but only make up 41% now. Florida’s early voting electorate is slightly more diverse compared to this point in 2016. Both Hispanic voters and Black voters have increased their shares of ballots already cast, with Hispanic voters accounting for about 16% of the early vote (up from 14% in 2016) and Black voters at 13% (up from 12% in 2016).
You would think that those numbers should be a positive sign for Democrats, but Trump is getting an unusually high level of support from Black men and Latino men.
In fact, one recent survey found that Joe Biden’s lead among Latino men is just 8 points…
And the backbone of that support comes from men. A New York Times/Siena College poll found that former Vice President Joe Biden leads by 34 percentage points among Latina voters, but with Latino men his lead is 8 points. “Hispanic men in particular are a swing vote,” said Michelle Mayorga, a New Mexico-based pollster who worked on polls for Equis Research focused on Latino voters. “They are a vote that we have to go and get.”
Anyone that believes that they know exactly what will happen on the night of the election and beyond is probably in for quite a surprise.
As I discussed yesterday, the national polls are all over the place. The polls that the mainstream media depends upon tend to show Biden with a huge national lead, but independent polls show a much tighter race and they also often show Trump leading in the most critical swing states.
I think that both sides have reason to be very nervous, and I think that it is quite likely that it will take an extended period of time before we finally have a clear winner.
So far, all of the numbers seem to indicate that this will be a very close race, and the future of our country hangs in the balance.


investmentwatchblog--2020-10-29--Has the post-election stock market crash already begun?

Is this rush for the exits going to turn into a stampede ?
Stock prices have been plummeting in recent days , and most of the talking heads on television have been blaming the declines on the COVID-19 pandemic .
Yes , it is true that the number of confirmed cases in the United States is spiking again , but I don ’ t think that alone is enough to account for what we have been witnessing .
Instead , I believe that the primary reason why stocks have been tumbling is because there is so much uncertainty about what @ @ @ @ @ @ @ .
Investors hate uncertainty , and it appears that many of them would prefer to be on the sidelines rather than gamble on the outcome of this election .
On Wednesday , the Dow Jones Industrial Average was down another 943 points , and that was the worst day that we have seen since June 11th… Overall , stock prices have now fallen for four trading sessions in a row .
Will Thursday make it five ?
I just can ’ t see a whole lot of investors wanting to jump into the @ @ @ @ @ @ @ have warned that an extended period of time when we don ’ t know the winner of the presidential election would be a “ nightmare scenario ” for investors , and right now it appears to be quite likely that we are headed for just such a scenario .
Yes , it is still possible that we could witness a landslide victory for either Joe Biden or Donald Trump that would bring the race to a conclusion very rapidly , and such an outcome would be greatly welcomed by the financial markets .
@ @ @ @ @ @ @ likely that the election results will be bitterly contested , and the counting of mail-in ballots and legal fights over which votes to count could take weeks to resolve .
And when it is all over , that is when things could get really interesting .
There will be tens of millions of Americans that will be extremely upset no matter which side wins , and we could very easily see a massive national temper tantrum .
In the past , presidential elections have often resulted in significant stock market rallies , but @ @ @ @ @ @ @ is quite likely that the opposite will be true .
Chaos in the streets is likely to be accompanied by chaos in the financial markets , and once stock prices start falling they could potentially tumble quite a long way .
Meanwhile , health authorities are telling us that the number of confirmed COVID-19 cases is starting to rise aggressively , and this is creating a whole lot of fear… In particular , many investors are deeply concerned that a new wave of lockdowns could crush the U.S. economy once again .
According @ @ @ @ @ @ @ more lockdowns without more stimulus money from the federal government would be disastrous for the financial markets… Of course the real economy has never recovered from the lockdowns that were instituted earlier this year .
For example , Boeing just announced that they will be laying off more workers than originally projected… And small businesses continue to suffer greatly all over the country as well .
If you can believe it , one recent survey found that a whopping 34 percent of all small businesses in America were not able to pay all @ @ @ @ @ @ @ October… There is no way that anyone should be using the word “ recovery ” to describe what we are witnessing .
When a third of all small businesses can not even pay rent , that indicates that we are in a full-blown economic depression .
Earlier this year , the Federal Reserve pulled out all the stops in order to support the financial markets and the economy , but now even CNBC is admitting that the Fed is just about out of ammunition… So what is the Fed going to do if @ @ @ @ @ @ @ all across the nation ?
And what is the Fed going to do if there is another huge wave of rioting , looting and violence like we are currently witnessing in Philadelphia ?
This election has the potential to be the spark that begins a very dark chapter in our history .
If things take a really bad turn , a stock market collapse may end up being among the least of our problems .

by Michael Snyder
Is this rush for the exits going to turn into a stampede? Stock prices have been plummeting in recent days, and most of the talking heads on television have been blaming the declines on the COVID-19 pandemic. Yes, it is true that the number of confirmed cases in the United States is spiking again, but I don’t think that alone is enough to account for what we have been witnessing. Instead, I believe that the primary reason why stocks have been tumbling is because there is so much uncertainty about what is going to take place next week. Investors hate uncertainty, and it appears that many of them would prefer to be on the sidelines rather than gamble on the outcome of this election.
On Wednesday, the Dow Jones Industrial Average was down another 943 points, and that was the worst day that we have seen since June 11th…
The Dow Jones Industrial Average dropped 943.24 points, or 3.4%, to 26,519.95, posting its fourth straight negative session. The S&P 500 slid 3.5%, or 119.65 points, to 3,271.03, while the Nasdaq Composite fell 3.7%, or 426.48 points, to 11,004.87. The Dow and the S&P 500 both suffered their worst day since June 11.
Overall, stock prices have now fallen for four trading sessions in a row.
Will Thursday make it five?
I just can’t see a whole lot of investors wanting to jump into the market right before Election Day. Many have warned that an extended period of time when we don’t know the winner of the presidential election would be a “nightmare scenario” for investors, and right now it appears to be quite likely that we are headed for just such a scenario.
Yes, it is still possible that we could witness a landslide victory for either Joe Biden or Donald Trump that would bring the race to a conclusion very rapidly, and such an outcome would be greatly welcomed by the financial markets.
Unfortunately, it is probably much more likely that the election results will be bitterly contested, and the counting of mail-in ballots and legal fights over which votes to count could take weeks to resolve.
And when it is all over, that is when things could get really interesting. There will be tens of millions of Americans that will be extremely upset no matter which side wins, and we could very easily see a massive national temper tantrum.
In the past, presidential elections have often resulted in significant stock market rallies, but this time around I think that it is quite likely that the opposite will be true. Chaos in the streets is likely to be accompanied by chaos in the financial markets, and once stock prices start falling they could potentially tumble quite a long way.
Meanwhile, health authorities are telling us that the number of confirmed COVID-19 cases is starting to rise aggressively, and this is creating a whole lot of fear…
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For the first time since the pandemic began, the United States added more than half a million coronavirus cases in a week, according to a USA TODAY analysis of Johns Hopkins University data. This is the third day in a row the U.S. set a record for how many coronavirus cases it reported over the previous seven days.
In particular, many investors are deeply concerned that a new wave of lockdowns could crush the U.S. economy once again. According to CNBC’s Jim Cramer, more lockdowns without more stimulus money from the federal government would be disastrous for the financial markets…
Appearing on CNBC’s Squawk Box Wednesday, Cramer said he believes that restrictive measures such as those announced Tuesday in Chicago are on the horizon, and that without a stimulus deal, the implications for the market may be dire. “I just think that there’s going to be a call for lockdowns the likes of which we’ve seen in Chicago,” Cramer said. “And I think that the lockdowns without the stimulus equals what we’re seeing,” he added — referring to the market’s freefall this week.
Of course the real economy has never recovered from the lockdowns that were instituted earlier this year.
For example, Boeing just announced that they will be laying off more workers than originally projected…
Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes. The company said Wednesday that it expects to cut its workforce to about 130,000 people by the end of next year, or 30,000 fewer than it began with in 2020. That is a far deeper cut to its workforce than the 19,000 jobs the company said it planned to trim just three months ago.
And small businesses continue to suffer greatly all over the country as well.
If you can believe it, one recent survey found that a whopping 34 percent of all small businesses in America were not able to pay all of their rent for the month of October…
Eight months into this devastating pandemic, more than one-third of small businesses are still having trouble paying their rent, according to our latest Alignable Pulse Poll of 7, 726 small business owners taken last week. Right now, 34% of our small business owners report that they were NOT able to pay full rent in October.
There is no way that anyone should be using the word “recovery” to describe what we are witnessing. When a third of all small businesses cannot even pay rent, that indicates that we are in a full-blown economic depression.
Earlier this year, the Federal Reserve pulled out all the stops in order to support the financial markets and the economy, but now even CNBC is admitting that the Fed is just about out of ammunition…
While no Fed official ever would acknowledge that monetary policy ammunition is running low, and in fact would insist to the contrary, there appear to be few weapons left in the Fed arsenal. “What they have left is really on the margin,” said Mark Zandi, chief economist at Moody’s Analytics. “They just don’t have much room to maneuver with regard to monetary policy. I don’t really see what more they can do. That’s why they’ve been so explicit in telling fiscal policymakers to do more, because they know they can’t help.”
So what is the Fed going to do if there is another huge wave of lockdowns all across the nation?
And what is the Fed going to do if there is another huge wave of rioting, looting and violence like we are currently witnessing in Philadelphia?
This election has the potential to be the spark that begins a very dark chapter in our history.
If things take a really bad turn, a stock market collapse may end up being among the least of our problems.


investmentwatchblog--2020-10-29--Floods of money printing would be inflationary, yet there is no sign of inflation *anywhere.*  None.

It ’ s not just that he and others like him have the cart before the horse here ; they @ @ @ @ @ which is the cart and what ’ s the horse .
In other words , @ @ @ @ @ t grow too big – THE GLOBAL DOLLAR SHORTAGE DID !
t.co/aHhflD7tYv pic.twitter.com/uBHMl17Ji1

It’s not just that he and others like him have the cart before the horse here; they don’t even know which is the cart and what’s the horse.
In other words, the Treasury market didn’t grow too big – THE GLOBAL DOLLAR SHORTAGE DID! t.co/aHhflD7tYv pic.twitter.com/uBHMl17Ji1
— Jeffrey P. Snider (@JeffSnider_AIP) October 28, 2020


investmentwatchblog--2020-10-29--“We have borrowed so much that I’m skeptical that three to five years out that equities will give us

“ We have borrowed so much that I ’ m skeptical that three to five years out that equities will @ @ @ @ @ return.
” Many valuation metrics agree , with future expected 5-year & 10-year returns possibly @ @ @ @ @ SPX .
pic.twitter.com/wGQKUTlj7G

“We have borrowed so much that I’m skeptical that three to five years out that equities will give us any kind of return.”
— Stanley Druckenmiller (yesterday)
Many valuation metrics agree, with future expected 5-year & 10-year returns possibly flat to negative for $SPX. pic.twitter.com/wGQKUTlj7G
— Tiho Brkan (@TihoBrkan) October 28, 2020