investmentwatchblog--2020-05-29--There Will Be A Lot More Rioting, Looting And Civil Unrest As The U.S. Economy Continues To Crumble

What we have been witnessing on the streets of Minneapolis is just the beginning .
Our nation is so deeply divided , and a large portion of the population is losing faith in the basic institutions that govern our society .
Personally , I don ’ t know how anyone can watch the video of what happened to George Floyd without having an emotional reaction .
Police brutality has been a massive problem in the United States for many years , and it has gotten to the point where most of the country no longer has faith in the police @ @ @ @ @ @ @ helping their cause by burning down the communities that they are supposedly defending .
And after causing so much chaos on Wednesday night , protesters were back in the streets of Minneapolis on Thursday… Protests and , in some cases , violence , continued Thursday in the aftermath of the death of George Floyd , a black man who died in police custody after a white officer pinned him to the ground under his knee .
Hundreds of protesters flooded Minneapolis streets Thursday evening for a march through downtown .
Traffic was halted @ @ @ @ @ @ @ up to four blocks .
Protesters shouted “ I can ’ t breathe ” and “ no justice , no peace ; prosecute the police ” as volunteer marshals in highlighter-colored vests directed traffic .
Sadly , this is just a small preview of what is coming to major cities all over America .
If you think that these riots about police brutality are intense , just wait until the economic riots start .
We are moving into a time when millions upon millions of Americans will become increasingly desperate as we plunge @ @ @ @ @ @ @ .
On Thursday , we learned that another 2.1 million Americans filed initial claims for unemployment benefits last week… This was the 10th week in a row when the number of new claims for unemployment benefits has been above 2 million .
As I keep reminding my readers , prior to this year the highest that number had ever been for a single week was 695,000 in 1982 .
So even after so many catastrophic weeks in a row , we are still at a level that is approximately three times higher than @ @ @ @ @ @ @ million Americans have filed new claims for unemployment benefits over the past 10 weeks .
That is the greatest spike in unemployment in all of U.S. history by a very wide margin , and it means that more than one-fourth of all the jobs in the United States have already been wiped out .
But for now , the impact of those job losses has been cushioned by the extremely generous $ 600 a week unemployment bonuses that the federal government has been handing out , but those benefits are set to expire @ @ @ @ @ @ @ benefits are not extended we will see a massive national temper tantrum , and right now President Trump and Republican leaders in the Senate do not plan to extend them .
We shall see what happens , but we may soon have tens of millions of very angry unemployed Americans that are unable to pay their bills anymore .
And with each passing day , more bad economic news just keeps rolling in .
We just learned that orders for durable goods were down 19.4 percent on a year over year basis last @ @ @ @ @ @ @ that pending home sales were down 34.6 percent in April compared to the same month a year ago .
As I discussed yesterday , we are watching a full-blown economic collapse begin to unfold , and the fact that many U.S. states are starting to “ reopen for business ” is not going to stop the momentum that has now been created .
During the first few weeks of the pandemic , there was just a trickle of major bankruptcies , but now that trickle has become a flood… In the first few @ @ @ @ @ @ @ just a trickle : companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed .
But the financial distress wrought by the shutdowns only deepened , producing what is now a wave of insolvencies washing through America ’ s corporations .
In May alone , some 27 companies reporting at least $ 50 million in liabilities sought court protection from creditors — the highest number since the Great Recession .
They range from well-known U.S. mainstays such as J.C. Penney Co. and J .
Crew @ @ @ @ @ @ @ Group SA and Avianca Holdings , their business decimated as travelers stayed put .
And we are watching store closings occur at a rate that we have never seen before in our entire history .
At this point , Coresight Research is projecting that about 25,000 stores will permanently close by the end of this calendar year… So much anger was building up all over America during the “ good years ” , and now this new economic depression is going to make things much , much worse .
When there are no @ @ @ @ @ @ @ even provide the basics for their families , we are going to see frustration on a scale that is unlike anything we have ever witnessed before .
So please take careful note of what is happening in the streets of Minneapolis right now , because that is what the future is going to look like in all of our major cities .

by Michael Snyder
What we have been witnessing on the streets of Minneapolis is just the beginning. Our nation is so deeply divided, and a large portion of the population is losing faith in the basic institutions that govern our society. Personally, I don’t know how anyone can watch the video of what happened to George Floyd without having an emotional reaction. Police brutality has been a massive problem in the United States for many years, and it has gotten to the point where most of the country no longer has faith in the police. Of course the rioters are not helping their cause by burning down the communities that they are supposedly defending. And after causing so much chaos on Wednesday night, protesters were back in the streets of Minneapolis on Thursday…
Protests and, in some cases, violence, continued Thursday in the aftermath of the death of George Floyd, a black man who died in police custody after a white officer pinned him to the ground under his knee. Hundreds of protesters flooded Minneapolis streets Thursday evening for a march through downtown. Traffic was halted as a crowd of people stretched for up to four blocks. Protesters shouted “I can’t breathe” and “no justice, no peace; prosecute the police” as volunteer marshals in highlighter-colored vests directed traffic.
Sadly, this is just a small preview of what is coming to major cities all over America.
If you think that these riots about police brutality are intense, just wait until the economic riots start.
We are moving into a time when millions upon millions of Americans will become increasingly desperate as we plunge even deeper into a new economic depression. On Thursday, we learned that another 2.1 million Americans filed initial claims for unemployment benefits last week…
First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs. Economists surveyed by Dow Jones had been looking for 2.05 million. The total represented a decrease of 323,000 from the previous week’s upwardly revised 2.438 million.
This was the 10th week in a row when the number of new claims for unemployment benefits has been above 2 million.
As I keep reminding my readers, prior to this year the highest that number had ever been for a single week was 695,000 in 1982.
So even after so many catastrophic weeks in a row, we are still at a level that is approximately three times higher than that old record.
Overall, 40.8 million Americans have filed new claims for unemployment benefits over the past 10 weeks. That is the greatest spike in unemployment in all of U.S. history by a very wide margin, and it means that more than one-fourth of all the jobs in the United States have already been wiped out.
But for now, the impact of those job losses has been cushioned by the extremely generous $600 a week unemployment bonuses that the federal government has been handing out, but those benefits are set to expire at the end of July…
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Right now, many are able to take advantage of an additional $600 a week in unemployment benefits provided by the federal government on top of each state’s standard jobless benefit. But that benefit is set to expire at the end of July if Congress does not pass another stimulus bill to extend benefits.
If those benefits are not extended we will see a massive national temper tantrum, and right now President Trump and Republican leaders in the Senate do not plan to extend them.
We shall see what happens, but we may soon have tens of millions of very angry unemployed Americans that are unable to pay their bills anymore.
And with each passing day, more bad economic news just keeps rolling in. We just learned that orders for durable goods were down 19.4 percent on a year over year basis last month, and we also just learned that pending home sales were down 34.6 percent in April compared to the same month a year ago.
As I discussed yesterday, we are watching a full-blown economic collapse begin to unfold, and the fact that many U.S. states are starting to “reopen for business” is not going to stop the momentum that has now been created.
During the first few weeks of the pandemic, there was just a trickle of major bankruptcies, but now that trickle has become a flood…
In the first few weeks of the pandemic, it was just a trickle: companies like Alaskan airline Ravn Air pushed into bankruptcy as travel came to a halt and markets collapsed. But the financial distress wrought by the shutdowns only deepened, producing what is now a wave of insolvencies washing through America’s corporations. In May alone, some 27 companies reporting at least $50 million in liabilities sought court protection from creditors — the highest number since the Great Recession. They range from well-known U.S. mainstays such as J.C. Penney Co. and J. Crew Group Inc. to air carriers Latam Airlines Group SA and Avianca Holdings, their business decimated as travelers stayed put.
And we are watching store closings occur at a rate that we have never seen before in our entire history.
At this point, Coresight Research is projecting that about 25,000 stores will permanently close by the end of this calendar year…
Coresight Research, which tracks retail openings and closings, has upped its projected store closures for 2020 from 8,000 at the beginning of the year to 15,000 at the beginning of March to about 25,000 now. “That’s unlike anything the industry has ever seen,” Coresight CEO and founder Deborah Weinswig said. “It’s the speed with which it’s all happening which has been a little surprising.”
So much anger was building up all over America during the “good years”, and now this new economic depression is going to make things much, much worse.
When there are no jobs available and people can’t even provide the basics for their families, we are going to see frustration on a scale that is unlike anything we have ever witnessed before.
So please take careful note of what is happening in the streets of Minneapolis right now, because that is what the future is going to look like in all of our major cities.


investmentwatchblog--2020-05-29--Week 10 of the U.S. Labor Market Collapse: Still Getting Worse at Gut-Wrenching Pace, But Signs of B

Week 10 of the U.S. Labor Market Collapse: Still Getting Worse at Gut-Wrenching Pace, But Signs of Bottom Appear

Gig workers weigh .
PUA and “ Initial Claims ” surge .
But millions of other workers got their jobs back .
Here are the “ Insured Unemployment Rates ” for each state , topping out at 30 % .
Has the collapse of the US labor market finally bottomed out ?
It would have to stop getting worse first .
After it stops getting worse , it might begin to recover .
And there are signs that the labor market might be approaching that bottom , but the overall numbers are still getting a lot worse .
The number @ @ @ @ @ @ @ in or before the week ended May 9 under unemployment insurance programs combined , including Pandemic Unemployment Assistance ( PUA ) for gig workers and programs for laid-off federal employees , and who still don ’ t have a job , surged by 3.68 million people in the week ( not seasonally adjusted ) , the US Department of Labor reported this morning .
They ’ ve now reached a gut-wrenching record of 30.96 million : The number of initial claims by gig workers who are now eligible to file under the federal @ @ @ @ @ @ @ PUA ) , and who are not eligible to file under state programs , jumped by 1.19 million ( not seasonally adjusted ) in the week ended May 23 .
The number of gig workers who ’ d initially filed PUA claims through the week ended May 9 and who are still not working , has now surged to 7.8 million ( not seasonally adjusted ) .
There are still well over a dozen states – including the big one , Florida – that have not yet started processing PUA claims .
And @ @ @ @ @ @ @ do it , those claims will add large lumps to the total , and we can expect to see large catch-up numbers in the future , reflecting gig workers who ’ ve lost their gigs in late March or April .
New claims under surge at gut-wrenching pace .
In the week ended May 23 , about 1.91 million workers filed initial unemployment claims under state programs ( not seasonally adjusted ) .
This means the layoffs are still proceeding at a previously unimaginable pace , at three times the magnitude of the @ @ @ @ @ @ @ in 1982 and 2009 : But millions of previously laid-off people got hired back .
And this is where the first signs of a bottom in the collapse of the labor market come into view .
The number of “ insured unemployed ” – the people who ’ d filed for unemployment insurance in or before the week ended May 16 and still haven ’ t found a job – dropped by 3.74 million to 19.05 million “ continued claims ” ( not seasonally adjusted ) .
This means that millions of people @ @ @ @ @ @ @ have been hired back : The 28 states with the most “ initial claims.
” These are the initial claims filed in the week ended May 23 under state programs and do include claims under federal programs , such as PUA claims : The “ insured unemployment rate ” across the US for the week ended May 16 , also released today , declined to 13.1 % ( not seasonally adjusted ) , from 15.6 % in the prior week .
This is still far above the record in the pre-Covid-19 era of @ @ @ @ @ @ @ in May 1975 .
But the fact that it declined – this will have to be confirmed because this week-to-week number is volatile and might jump next week – may be another sign that the bottom is coming into view .
The “ insured unemployment rate ” for each state lags one week behind the national average .
And they ’ re very different from the Bureau of Labor Statistics ’ monthly unemployment rates for each state , which are based on household surveys .
These rates here are based on unemployment insurance @ @ @ @ @ @ @ And given the hurly-burly nature of the huge surge in unemployment claims in past weeks and the chaos that came with them , these rates have moved sharply from week to week , in either direction .
So enjoy with some circumspection .
There are 37 states plus Washington DC with a double-digit “ insured unemployment rate ” ; in six states , the rate is above 20 % , with Florida at 25 % , Nevada at 26.7 % , and Washington at 31 % ( as I said , these rates @ @ @ @ @ @ @ the nature of tracking the chaotic collapse in the labor market on a week-by-week basis ) .
Holy cow , Los Angeles .
The California economy is gradually opening up .
But the exodus has started hard and heavy .
And the influx has stopped .
Read… Catastrophic Plunge in Jobs & Labor Force in Los Angeles , San Francisco/Silicon Valley Smacks into Housing Bubbles

Gig workers weigh. PUA and “Initial Claims” surge. But millions of other workers got their jobs back. Here are the “Insured Unemployment Rates” for each state, topping out at 30%.
Has the collapse of the US labor market finally bottomed out? It would have to stop getting worse first. After it stops getting worse, it might begin to recover. And there are signs that the labor market might be approaching that bottom, but the overall numbers are still getting a lot worse.
The number of people who filed for unemployment insurance in or before the week ended May 9 under all state and federal unemployment insurance programs combined, including Pandemic Unemployment Assistance (PUA) for gig workers and programs for laid-off federal employees, and who still don’t have a job, surged by 3.68 million people in the week (not seasonally adjusted), the US Department of Labor reported this morning. They’ve now reached a gut-wrenching record of 30.96 million:
Gig workers weigh heavily.
The number of initial claims by gig workers who are now eligible to file under the federal unemployment insurance program Pandemic Unemployment Assistance (PUA), and who are not eligible to file under state programs, jumped by 1.19 million (not seasonally adjusted) in the week ended May 23.
The number of gig workers who’d initially filed PUA claims through the week ended May 9 and who are still not working, has now surged to 7.8 million (not seasonally adjusted).
There are still well over a dozen states – including the big one, Florida – that have not yet started processing PUA claims. And when they finally figure out how to do it, those claims will add large lumps to the total, and we can expect to see large catch-up numbers in the future, reflecting gig workers who’ve lost their gigs in late March or April.
New claims under state programs surge at gut-wrenching pace.
In the week ended May 23, about 1.91 million workers filed initial unemployment claims under state programs (not seasonally adjusted). This means the layoffs are still proceeding at a previously unimaginable pace, at three times the magnitude of the prior weekly records during the unemployment crises in 1982 and 2009:
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But millions of previously laid-off people got hired back.
And this is where the first signs of a bottom in the collapse of the labor market come into view. The number of “insured unemployed” – the people who’d filed for state unemployment insurance in or before the week ended May 16 and still haven’t found a job – dropped by 3.74 million to 19.05 million “continued claims” (not seasonally adjusted). This means that millions of people who’d received state unemployment insurance have been hired back:
The 28 states with the most “initial claims.”
These are the initial claims filed in the week ended May 23 under state programs and do not include claims under federal programs, such as PUA claims:
Top 28 States, Initial Claims in the week ended May 23 1 California 212,343 2 New York 192,193 3 Florida 173,731 4 Georgia 164,350 5 Texas 128,105 6 Pennsylvania 69,408 7 Virginia 58,591 8 Illinois 58,359 9 Michigan 57,714 10 Kentucky 53,738 11 Washington 53,280 12 North Carolina 43,221 13 Ohio 42,363 14 Massachusetts 37,740 15 New Jersey 33,290 16 Maryland 33,240 17 Oklahoma 32,127 18 Minnesota 28,615 19 Wisconsin 28,308 20 Oregon 27,514 21 Alabama 27,289 22 Arizona 26,878 23 Indiana 26,278 24 Tennessee 26,041 25 Missouri 25,917 26 South Carolina 24,950 27 Mississippi 24,348 28 Louisiana 23,853
The “Insured Unemployment Rate” per state
The “insured unemployment rate” across the US for the week ended May 16, also released today, declined to 13.1% (not seasonally adjusted), from 15.6% in the prior week. This is still far above the record in the pre-Covid-19 era of 7.9% (not seasonally adjusted) in May 1975. But the fact that it declined – this will have to be confirmed because this week-to-week number is volatile and might jump next week – may be another sign that the bottom is coming into view.
The “insured unemployment rate” for each state lags one week behind the national average. And they’re very different from the Bureau of Labor Statistics’ monthly unemployment rates for each state, which are based on household surveys. These rates here are based on unemployment insurance claims, on a weekly basis. And given the hurly-burly nature of the huge surge in unemployment claims in past weeks and the chaos that came with them, these rates have moved sharply from week to week, in either direction. So enjoy with some circumspection.
There are 37 states plus Washington DC with a double-digit “insured unemployment rate”; in six states, the rate is above 20%, with Florida at 25%, Nevada at 26.7%, and Washington at 31% (as I said, these rates move sharply in either direction, given the nature of tracking the chaotic collapse in the labor market on a week-by-week basis).
Insured Unemployment Rate by state, week ended May 9 1 Washington 31.2% 2 Nevada 26.7% 3 Florida 25.0% 4 Hawaii 23.4% 5 Michigan 23.1% 6 California 20.6% 7 New York 19.9% 8 Rhode Island 18.8% 9 Vermont 18.2% 10 Connecticut 18.0% 11 Georgia 18.0% 12 New Hampshire 17.6% 13 Pennsylvania 17.4% 14 Louisiana 17.3% 15 Mississippi 17.1% 16 Massachusetts 16.5% 17 Alaska 16.2% 18 Maine 15.3% 19 Oregon 15.2% 20 Minnesota 14.9% 21 New Jersey 14.9% 22 West Virginia 14.8% 23 North Carolina 13.8% 24 Ohio 13.2% 25 Kentucky 13.0% 26 New Mexico 12.9% 27 Illinois 12.4% 28 South Carolina 12.3% 29 Iowa 12.1% 30 District of Columbia 11.9% 31 Montana 11.8% 32 Delaware 11.4% 33 Virginia 10.8% 34 Wisconsin 10.8% 35 Alabama 10.6% 36 Texas 10.6% 37 Arkansas 10.2% 38 Tennessee 10.1% 39 Maryland 9.9% 40 Missouri 9.4% 41 Colorado 9.2% 42 Indiana 8.9% 43 Oklahoma 8.6% 44 Idaho 8.2% 45 Arizona 8.0% 46 Kansas 8.0% 47 North Dakota 7.8% 48 Nebraska 6.5% 49 Wyoming 6.4% 50 South Dakota 6.0% 51 Utah 5.9%
Holy cow, Los Angeles. The California economy is gradually opening up. But the exodus has started hard and heavy. And the influx has stopped. Read… Catastrophic Plunge in Jobs & Labor Force in Los Angeles, San Francisco/Silicon Valley Smacks into Housing Bubbles


investmentwatchblog--2020-05-29--The Housing Market Faces Ferocious Headwinds

Pending sales of existing homes of all types in April – contracts on houses , condos , etc.
, that were signed in April but that haven ’ t closed yet – collapsed by 33.8 % from April last year , after having plunged 16.3 % year-over-year in March , with the index plunging to 69 , according to the National Association of Realtors today .
An index value of 100 represents the pending sales level of January 2001 .
Pending sales are an indication of what closed sales will look like a month or two down the road .
@ @ @ @ @ @ @ direction that May ’ s closed sales are heading into .
We already know how pending sales in March translated into closed sales in April .
Pending home sales for March had plunged 16.3 % year-over-year .
And on May 21 , the NAR reported that closed sales in April plunged 17.2 % , the sharpest year-over-year drop since August 2010 , during the Housing Bust .
Based on this relationship , closed sales of existing homes in May might be down by 30 % or more , year-over-year .
This will be @ @ @ @ @ @ @ the pending home sale index differed by region , ranging from a breath-taking collapse of -52.6 % in the Northeast to a plunge of “ only ” -26.0 % in the Midwest : • Midwest : -26.0 % year-over-year to an index level of 72.0 .
• South : -29.6 % year-over-year to an index level of 87.6 .
• West : -37.2 % year-over-year to an index level of 57.1 .
When sales volume collapses to this extent – no matter what the market is – it changes everything .
It represents @ @ @ @ @ @ @ with few buyers and few sellers , and lots of uncertainty .
This is what happened in many other markets in the US , including otherwise very liquid markets , such as the wholesale market for used vehicles .
In May those markets have begun to unfreeze .
Market participants have figured out how to deal with the requirements of social distancing .
Keeping everyone reasonably safe during a pandemic that has already killed over 100,000 Americans in less than three months is a primary objective .
In the housing market , this @ @ @ @ @ @ @ way business is conducted , including forays into accepting technologies , such as virtual open houses .
This technology has been around for long time , but the pandemic pushed it into the foreground – like so many other technologies in so many other industries .
And people are finding out that it sort of works .
But the market is facing ferocious headwinds , including 31 million people now collecting state and federal unemployment insurance .
More mass layoffs by big companies are announced every day , such as American Airlines ’ @ @ @ @ @ @ @ it would cut its management staff by 30 % .
Delta came out with plans today to shed staff via early retirements and buyouts , along with Chevron that said it would cut up to 15 % of its global workforce of 45,000 people , and Boeing which said it would cut 7,000 workers .
Just one days ’ worth of work , so to speak .
These are not restaurant jobs .
These are jobs that come with good paychecks and benefits .
And this constant flow of announcements does two things @ @ @ @ @ @ @ buyers that kept their jobs ; and it removed potential home buyers from the market that have lost their jobs .
This is a gigantic unemployment crisis , interspersed with a tsunami of bankruptcy filings , of even large companies such as Hertz , each accompanied by more layoffs .
Eventually – next week or next month or whenever – the job losses will end as more workers will return to work , and employment will start to rise , but from abysmally low levels , and even after rising for a while @ @ @ @ @ @ @ – just less abysmally low .
So the housing market – in terms of sales volume – has two separate things to deal with : One , the issues around keeping buyers , sellers , brokers , and others safe .
The industry is addressing these issues in multiple ways , and is harnessing technologies to overcome the issues , and there is progress , and more deals are happening .
Two , the employment crisis that has already taken millions of potential buyers off the market .
Even people who return to @ @ @ @ @ @ @ not instantly turn into homebuyers because it ’ s hard to get a mortgage , right after having been unemployed .
So volume will pick up some because the immediate issues of the pandemic are being dealt with successfully by the industry ; but volume will not return to normal levels until employment has returned to normal levels – and having lost over 30 million jobs so far , this is just going to take a while .

Pending sales of existing homes of all types in April – contracts on houses, condos, etc., that were signed in April but that haven’t closed yet – collapsed by 33.8% from April last year, after having plunged 16.3% year-over-year in March, with the index plunging to 69, according to the National Association of Realtors today. An index value of 100 represents the pending sales level of January 2001.
Pending sales are an indication of what closed sales will look like a month or two down the road. So this is an indication of the direction that May’s closed sales are heading into.
We already know how pending sales in March translated into closed sales in April. Pending home sales for March had plunged 16.3% year-over-year. And on May 21, the NAR reported that closed sales in April plunged 17.2%, the sharpest year-over-year drop since August 2010, during the Housing Bust.
Based on this relationship, closed sales of existing homes in May might be down by 30% or more, year-over-year. This will be reported in June.
The plunge of the pending home sale index differed by region, ranging from a breath-taking collapse of -52.6% in the Northeast to a plunge of “only” -26.0% in the Midwest:
Northeast: -52.6% year-over-year to an index level 42.6.
Midwest: -26.0% year-over-year to an index level of 72.0.
South: -29.6% year-over-year to an index level of 87.6.
West: -37.2% year-over-year to an index level of 57.1.
When sales volume collapses to this extent – no matter what the market is – it changes everything. It represents a market that has essentially frozen, with few buyers and few sellers, and lots of uncertainty. This is what happened in many other markets in the US, including otherwise very liquid markets, such as the wholesale market for used vehicles.
In May those markets have begun to unfreeze. Market participants have figured out how to deal with the requirements of social distancing. Keeping everyone reasonably safe during a pandemic that has already killed over 100,000 Americans in less than three months is a primary objective.
In the housing market, this has led to a change in the way business is conducted, including forays into accepting technologies, such as virtual open houses. This technology has been around for long time, but the pandemic pushed it into the foreground – like so many other technologies in so many other industries. And people are finding out that it sort of works.
But the market is facing ferocious headwinds, including 31 million people now collecting state and federal unemployment insurance.
We are primarily funded by readers. Please subscribe and donate to support us!
More mass layoffs by big companies are announced every day, such as American Airlines’ message to its employees late Wednesday that it would cut its management staff by 30%. Delta came out with plans today to shed staff via early retirements and buyouts, along with Chevron that said it would cut up to 15% of its global workforce of 45,000 people, and Boeing which said it would cut 7,000 workers. Just one days’ worth of work, so to speak.
These are not restaurant jobs. These are jobs that come with good paychecks and benefits.
And this constant flow of announcements does two things: It creates uncertainty among potential home buyers that kept their jobs; and it removed potential home buyers from the market that have lost their jobs. This is a gigantic unemployment crisis, interspersed with a tsunami of bankruptcy filings, of even large companies such as Hertz, each accompanied by more layoffs.
Eventually – next week or next month or whenever – the job losses will end as more workers will return to work, and employment will start to rise, but from abysmally low levels, and even after rising for a while, employment will still be abysmally low – just less abysmally low.
So the housing market – in terms of sales volume – has two separate things to deal with:
One, the issues around keeping buyers, sellers, brokers, and others safe. The industry is addressing these issues in multiple ways, and is harnessing technologies to overcome the issues, and there is progress, and more deals are happening.
Two, the employment crisis that has already taken millions of potential buyers off the market. Even people who return to work after a stint on unemployment cannot instantly turn into homebuyers because it’s hard to get a mortgage, right after having been unemployed.
So volume will pick up some because the immediate issues of the pandemic are being dealt with successfully by the industry; but volume will not return to normal levels until employment has returned to normal levels – and having lost over 30 million jobs so far, this is just going to take a while.


investmentwatchblog--2020-05-29--A Society On The Brink Of Complete And Utter Chaos

It is heartbreaking to watch the violence that is taking place on the streets of Minneapolis .
I have quite a few relatives that live in the Twin Cities area , and I have been there many times .
In the old days it always felt so peaceful , but not anymore .
The tragic death of George Floyd has unleashed a massive wave of anger , and the riots have made headlines all over the globe .
Originally , many had anticipated that Thursday night would not be as violent as Wednesday night was , but that was not @ @ @ @ @ @ @ 10 o ’ clock , protesters stormed into the Minneapolis Police Department ’ s 3rd Precinct building and set it on fire… Minneapolis is in the midst of a third night of unrest in the aftermath of George Floyd ’ s death , with protesters taking over the police department ’ s 3rd Precinct building late Thursday night .
The break-in happened at about 10 p.m. , with helicopter footage showing a large fire burning near the main entrance .
Police released a statement , saying in part , “ in the interest @ @ @ @ @ @ @ the Minneapolis Police Department evacuated the 3rd Precinct of its staff .
Protesters forcibly entered the building and have ignited several fires.
” As the building burned , fireworks were being shot into the sky in celebration .
Of course the violence that we witnessed the previous evening was quite alarming as well .
By the end of the night , rioters had torched and looted a number of prominent retail stores… Shocking images Thursday morning showed the widespread destruction left overnight after stores including Wendy ’ s , Target , Walmart and @ @ @ @ @ @ @ on fire .
Mayor Frey pleaded for calm ahead of more expected protests this evening telling residents ‘ we can not let tragedy beget more tragedy.
’ Videos also showed what was reported to be an apartment building entirely engulfed by flames as rioters stood and watched and the fire department was nowhere to be seen .
I don ’ t think that any of us will ever forget watching a Target store being looted , and at this point Target has decided to close all of their locations in the entire state @ @ @ @ @ @ @ , more than 50 buildings were burned down on Wednesday night , and one protester boldly declared that “ the whole city can burn down ” … Sadly , it isn ’ t just the rioters that are out of control .
When George Floyd was arrested , it wasn ’ t for committing a violent crime .
He was accused of “ allegedly trying to pay at a local deli with a counterfeit $ 20 bill ” , and surveillance video from the scene does not support police claims that he resisted @ @ @ @ @ @ @ Floyd ’ s neck for eight entire minutes , and video of the moment when Floyd finally lost consciousness is absolutely horrifying .
Of course this is far from an isolated incident .
According to the Los Angeles Times , approximately one out of every 1000 African-American males will die at the hands of our police… Look , I have friends that are current or former police officers , and I am so thankful for the good men and women that work so hard to protect all of us day in and day @ @ @ @ @ @ @ there are a lot of really bad apples out there , and troubling incidents are happening with increasing frequency all over the nation .
For example , a young mother named Sara Walton Brady was recently arrested by the police in Idaho for simply taking her children to play in the park .
The following comes directly from a message that she sent to me , and she said that I could share it with all of you… On April 21 , 2020 I saw a video on Facebook by other moms about @ @ @ @ @ @ @ the afternoon .
That video showed people at the park and the tape ripped down from the play structures .
I decided to go with my two middle children and showed up about an hour late .
I was only there 5-10 minutes when three officers from the Meridian Police Department arrived ; one Sgt .
And two officers .
The Sgt.
, who I now know is Sgt .
Fiscus , came marching onto the playground ordering all of the children and moms off of the bark and playground area while brusquely @ @ @ @ @ @ @ parks and they were closed by the order of the governor and the mayor .
This obviously upset several of the moms there , including myself .
I attempted to ask questions to the Sgt .
About what authority he had to remove people from the park .
During this attempted dialogue he continued to tell people that the playground area was closed and people needed to leave .
However , he continually directed people to a concentrated area on the grass , which would have been a violation of the Idaho governor @ @ @ @ @ @ @ 6 feet .
None of this made sense to me as I saw multiple other people recreating in the park – walking , fishing , and even people playing a game of basketball .
It also didn ’ t make sense to me why we could be closer together on the grass and it was okay to violate that portion of this new found rule , but not on the park where the kids and the adults were much more spread out .
As I continued to ask these questions the situation became @ @ @ @ @ @ @ me I had five seconds to leave the bark or he was going to arrest me .
The officer then proceeded to count down to me , as I often do to my children when they are not listening .
I told him “ Fine !
Arrest me for being in a park !
Do it !
” While turning around to his threat .
I was placed inside the back of a very hot patrol car and left there for several minutes at which time I was eventually booked into jail for @ @ @ @ @ @ @ also accused of tearing the tape down on the playground that was had been placed there previously .
I did not tear down any tape as it was down when I arrived .
I was told that children had ripped it down .
Multiple other people were on the bark while I was arrested yet no one else was charged with trespassing , cited , or arrested .
I was also told that after I was transported to the jail that several people went back onto the bark ( after tearing more tape @ @ @ @ @ @ @ playground and bark as the police watched .
None of this was addressed by the police .
My case has now been conflicted to the State of Idaho .
This is very concerning to me that they have not dismissed the case and they have unlimited resources to make an example of me .
It ’ s also concerning to me that while people are losing their jobs and businesses ’ that the State would use hard earned taxpayer money to waste on a mom who was at a park with her kids @ @ @ @ @ @ @ me .
Please help me raise funds for legal fees to fight the State of Idaho .
I am told that it could cost anywhere from $ 30,000- $ 50,000 .
You can go to supportsarabrady.com .
I was friends with Sara Walton Brady long before this incident occurred , and I can tell you that she is a rock solid citizen .
In fact , Idaho would not be in the giant mess that it is today if a lot more patriots like her lived in the state .
Unfortunately , the @ @ @ @ @ @ @ a giant mess , and what we have witnessed so far is just the beginning .
Our entire society is on the brink of a complete and utter meltdown , and I expect that the upcoming election will bring tensions that have been simmering all over the nation to a boiling point .
There is a reason why so many people are looking to move out of our major cities right now .
America is literally in the process of coming apart at the seams , and there will be a lot more @ @ @ @ @ @ @ the days ahead .

by Michael Snyder
It is heartbreaking to watch the violence that is taking place on the streets of Minneapolis. I have quite a few relatives that live in the Twin Cities area, and I have been there many times. In the old days it always felt so peaceful, but not anymore. The tragic death of George Floyd has unleashed a massive wave of anger, and the riots have made headlines all over the globe. Originally, many had anticipated that Thursday night would not be as violent as Wednesday night was, but that was not a safe assumption to make. Around 10 o’clock, protesters stormed into the Minneapolis Police Department’s 3rd Precinct building and set it on fire…
Minneapolis is in the midst of a third night of unrest in the aftermath of George Floyd’s death, with protesters taking over the police department’s 3rd Precinct building late Thursday night. The break-in happened at about 10 p.m., with helicopter footage showing a large fire burning near the main entrance. Police released a statement, saying in part, “in the interest of the safety of our personnel, the Minneapolis Police Department evacuated the 3rd Precinct of its staff. Protesters forcibly entered the building and have ignited several fires.”
As the building burned, fireworks were being shot into the sky in celebration.
Of course the violence that we witnessed the previous evening was quite alarming as well. By the end of the night, rioters had torched and looted a number of prominent retail stores…
Shocking images Thursday morning showed the widespread destruction left overnight after stores including Wendy’s, Target, Walmart and Autozone were looted and some even set on fire. Mayor Frey pleaded for calm ahead of more expected protests this evening telling residents ‘we cannot let tragedy beget more tragedy.’ Videos also showed what was reported to be an apartment building entirely engulfed by flames as rioters stood and watched and the fire department was nowhere to be seen.
I don’t think that any of us will ever forget watching a Target store being looted, and at this point Target has decided to close all of their locations in the entire state “until further notice”.
Overall, more than 50 buildings were burned down on Wednesday night, and one protester boldly declared that “the whole city can burn down”…
“The whole city can burn down. They should all be out here protesting, not just people who care about black lives. Everybody. Burn it down. Make them pay. Maybe then they’ll understand,” one protester, Elicia S.—she declined to give her full last name—told The Daily Beast late Wednesday. “I read somewhere that you’re never gonna care until it hits your front door. We are here now, knocking in the front door,” demonstrator Becky Mathews added.
Sadly, it isn’t just the rioters that are out of control.
When George Floyd was arrested, it wasn’t for committing a violent crime. He was accused of “allegedly trying to pay at a local deli with a counterfeit $20 bill”, and surveillance video from the scene does not support police claims that he resisted arrest.
Officer Derek Chauvin knelt on Floyd’s neck for eight entire minutes, and video of the moment when Floyd finally lost consciousness is absolutely horrifying.
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Of course this is far from an isolated incident. According to the Los Angeles Times, approximately one out of every 1000 African-American males will die at the hands of our police…
About 1 in 1,000 black men and boys in America can expect to die at the hands of police, according to a new analysis of deaths involving law enforcement officers. That makes them 2.5 times more likely than white men and boys to die during an encounter with cops.
Look, I have friends that are current or former police officers, and I am so thankful for the good men and women that work so hard to protect all of us day in and day out.
But the truth is that there are a lot of really bad apples out there, and troubling incidents are happening with increasing frequency all over the nation.
For example, a young mother named Sara Walton Brady was recently arrested by the police in Idaho for simply taking her children to play in the park. The following comes directly from a message that she sent to me, and she said that I could share it with all of you…
On April 21, 2020 I saw a video on Facebook by other moms about a playdate at Kleiner Park scheduled for the afternoon. That video showed people at the park and the tape ripped down from the play structures. I decided to go with my two middle children and showed up about an hour late. I was only there 5-10 minutes when three officers from the Meridian Police Department arrived; one Sgt. And two officers. The Sgt., who I now know is Sgt. Fiscus, came marching onto the playground ordering all of the children and moms off of the bark and playground area while brusquely explaining that the city of Meridian the parks and they were closed by the order of the governor and the mayor. This obviously upset several of the moms there, including myself. I attempted to ask questions to the Sgt. About what authority he had to remove people from the park. During this attempted dialogue he continued to tell people that the playground area was closed and people needed to leave. However, he continually directed people to a concentrated area on the grass, which would have been a violation of the Idaho governor’s order of being closer than 6 feet. None of this made sense to me as I saw multiple other people recreating in the park – walking, fishing, and even people playing a game of basketball. It also didn’t make sense to me why we could be closer together on the grass and it was okay to violate that portion of this new found rule, but not on the park where the kids and the adults were much more spread out. As I continued to ask these questions the situation became more heated and eventually the officer told me I had five seconds to leave the bark or he was going to arrest me. The officer then proceeded to count down to me, as I often do to my children when they are not listening. I told him “Fine! Arrest me for being in a park! Do it!” While turning around to his threat. I was placed inside the back of a very hot patrol car and left there for several minutes at which time I was eventually booked into jail for a misdemeanor trespassing charge. I was also accused of tearing the tape down on the playground that was had been placed there previously. I did not tear down any tape as it was down when I arrived. I was told that children had ripped it down. Multiple other people were on the bark while I was arrested yet no one else was charged with trespassing, cited, or arrested. I was also told that after I was transported to the jail that several people went back onto the bark (after tearing more tape down) and began playing on the playground and bark as the police watched. None of this was addressed by the police. My case has now been conflicted to the State of Idaho. This is very concerning to me that they have not dismissed the case and they have unlimited resources to make an example of me. It’s also concerning to me that while people are losing their jobs and businesses’ that the State would use hard earned taxpayer money to waste on a mom who was at a park with her kids and try to make an example of me. Please help me raise funds for legal fees to fight the State of Idaho. I am told that it could cost anywhere from $30,000-$50,000. You can go to supportsarabrady.com. Sincerely,
Sara Walton Brady
I was friends with Sara Walton Brady long before this incident occurred, and I can tell you that she is a rock solid citizen.
In fact, Idaho would not be in the giant mess that it is today if a lot more patriots like her lived in the state.
Unfortunately, the truth is that the whole country is a giant mess, and what we have witnessed so far is just the beginning.
Our entire society is on the brink of a complete and utter meltdown, and I expect that the upcoming election will bring tensions that have been simmering all over the nation to a boiling point.
There is a reason why so many people are looking to move out of our major cities right now. America is literally in the process of coming apart at the seams, and there will be a lot more rioting, looting and civil unrest in the days ahead.


investmentwatchblog--2020-05-29--Trump Signals Next Phase, Huber Enters The Ring, Game Over Jack

The [ DS ] /MSM are using masks to keep the fear and chaos of the event , this is @ @ @ @ @ experts the masks do not really do anything .
Trump signals that Huber is about @ @ @ @ @ the [ DS ] is panicking , they are going to push multiple events to @ @ @ @ @ the MSM questions are based on the current event .
Trump has now signed an @ @ @ @ @ social media platforms .

The [DS]/MSM are using masks to keep the fear and chaos of the event, this is already failing. According the experts the masks do not really do anything. Trump signals that Huber is about to enter the ring, the [DS] is panicking, they are going to push multiple events to clog the news cycles so the MSM questions are based on the current event. Trump has now signed an EO removing liability shields from social media platforms.
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investmentwatchblog--2020-05-29--The Oil Storage Crisis Is Far From Over

The Oil Storage Crisis Is Far From Over

It ’ s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs .
Since then , oil prices have staged an impressive recovery , especially from WTI ’ s negative trade zone visited on April 20 .
There ’ s real optimism in the air with the formidable headwinds of a massive supply glut and limited storage nearly in the back mirror while the markets even recently dodged a big bullet .
Yet , resting uncomfortably in the back of trading minds is this : Oil storage remains painfully squeezed , raising @ @ @ @ @ @ @ Ships full of crude are still anchored in the high seas off the coasts of the U.S. , China , Europe , and elsewhere with onshore storage sold out and refinery run rates across the globe still a long way off their usual clips .
But this time , there ’ s a different method to the ongoing madness .
The obvious reason for the ongoing shortage of space to store oil is that global oil consumption remains depressed despite economies gradually emerging from lockdown .
A new report by the International Energy @ @ @ @ @ @ @ global oil demand in May is set to decline ~25 mb/d compared to a year ago with June demand clocking in at ~15 mb/d below last year ’ s corresponding period .
In fact , the organization expects December demand to still fall short by ~3 mb/d .
However , looking at refinery margins tells a different story .
Gasoline crack spreads have improved quite dramatically over the past eight weeks with the NYMEX front-month RBOB vs. front-month NYMEX crack clocking in at $ 11.92/barrel on Monday .
Crack spreads represent the economics @ @ @ @ @ @ @ into its various constituent products .
The metric is viewed as a useful proxy for gauging real-time demand for crude and various distillates , and right now , it ’ s saying that oil demand might not be as poor as previously feared.Related : Oil Prices Fall On Bearish EIA Data The refinery trajectory looks promising and suggests that there might be something else to blame for the gridlock .
You can chalk up the unfolding situation to smart traders who have been eyeing the oil contango profits .
Bloomberg has reported that @ @ @ @ @ @ @ South African coast have been chartered by leading oil-trading companies , including Vitol Group , Mercuria Energy Group Ltd. and Glencore Plc , through its ST Shipping subsidiary .
The traders are ostensibly looking to either purchase the cheap crude and sell the more expensive forward contracts to lock in profits or simply hold the oil and wait for crude prices to rise before selling .
By placing large bets on physical crude , oil traders have been directly contributing to the dearth of oil storage while also exacerbating the volatility in the @ @ @ @ @ @ @ flotilla of tankers is carrying enough oil to meet about 20 % of the world ’ s daily oil demand , more than enough to keep a lid on prices while also keeping prices volatile .
That said , it ’ s this kind of situation that oil traders actually thrive on .
Bloomberg reported in January that dozens of large oil traders made billions of dollars in profits in 2019 thanks in large part to choppy markets .
Independent traders such as Vitol Group , Mercuria , and Trafigura all posted record @ @ @ @ @ @ @ their best trading year ever .
But it ’ s not just independent traders that made a killing .
In-house trading units of oil giants such as BP Plc , Royal Dutch Shell Plc , and Total Plc made even bigger profits considering that a company like Shell trades the equivalent of 13 million barrels of oil per day , nearly double the 7.5Mb/d by Vitol .
Much of last year ’ s volatility was triggered by a stream of supply disruptions .
Oil markets have been a lot more volatile this year @ @ @ @ @ @ @ another bumper year for oil traders as we predicted here .
Unfortunately , it could also mean that the smooth recovery in oil prices that many investors have been hoping for just won ’ t happen .

By Alex Kimani
It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s negative trade zone visited on April 20. There’s real optimism in the air with the formidable headwinds of a massive supply glut and limited storage nearly in the back mirror while the markets even recently dodged a big bullet.
Yet, resting uncomfortably in the back of trading minds is this: Oil storage remains painfully squeezed, raising the specter of another April-esque selloff.
Ships full of crude are still anchored in the high seas off the coasts of the U.S., China, Europe, and elsewhere with onshore storage sold out and refinery run rates across the globe still a long way off their usual clips.
But this time, there’s a different method to the ongoing madness.
High Stakes for Oil Traders
The obvious reason for the ongoing shortage of space to store oil is that global oil consumption remains depressed despite economies gradually emerging from lockdown.
A new report by the International Energy Agency (IEA) has projected that global oil demand in May is set to decline ~25 mb/d compared to a year ago with June demand clocking in at ~15 mb/d below last year’s corresponding period. In fact, the organization expects December demand to still fall short by ~3 mb/d.
Source: IEA
However, looking at refinery margins tells a different story.
Gasoline crack spreads have improved quite dramatically over the past eight weeks with the NYMEX front-month RBOB vs. front-month NYMEX crack clocking in at $11.92/barrel on Monday. Crack spreads represent the economics of refining a barrel of crude oil into its various constituent products. The metric is viewed as a useful proxy for gauging real-time demand for crude and various distillates, and right now, it’s saying that oil demand might not be as poor as previously feared.Related: Oil Prices Fall On Bearish EIA Data
The refinery trajectory looks promising and suggests that there might be something else to blame for the gridlock.
We are primarily funded by readers. Please subscribe and donate to support us!
Source: CME Group
You can chalk up the unfolding situation to smart traders who have been eyeing the oil contango profits.
Bloomberg has reported that some of the oil supertankers off the South African coast have been chartered by leading oil-trading companies, including Vitol Group, Mercuria Energy Group Ltd. and Glencore Plc, through its ST Shipping subsidiary. The traders are ostensibly looking to either purchase the cheap crude and sell the more expensive forward contracts to lock in profits or simply hold the oil and wait for crude prices to rise before selling.
By placing large bets on physical crude, oil traders have been directly contributing to the dearth of oil storage while also exacerbating the volatility in the markets. Bloomberg has estimated that the flotilla of tankers is carrying enough oil to meet about 20% of the world’s daily oil demand, more than enough to keep a lid on prices while also keeping prices volatile.
Thriving on Chaos
That said, it’s this kind of situation that oil traders actually thrive on.
Bloomberg reported in January that dozens of large oil traders made billions of dollars in profits in 2019 thanks in large part to choppy markets. Independent traders such as Vitol Group, Mercuria, and Trafigura all posted record profits with some like Mercuria declaring it their best trading year ever.
But it’s not just independent traders that made a killing.
In-house trading units of oil giants such as BP Plc, Royal Dutch Shell Plc, and Total Plc made even bigger profits considering that a company like Shell trades the equivalent of 13 million barrels of oil per day, nearly double the 7.5Mb/d by Vitol.
Source: Bloomberg
Much of last year’s volatility was triggered by a stream of supply disruptions.
Oil markets have been a lot more volatile this year, which could set the stage for another bumper year for oil traders as we predicted here.
Unfortunately, it could also mean that the smooth recovery in oil prices that many investors have been hoping for just won’t happen.
By Alex Kimani for Oilprice.com


investmentwatchblog--2020-05-29--The Cheerleaders of War

The Cheerleaders of War

China Proposes A Law Allowing Citizens To Sue US For Starting Coronavirus Pandemic which is entirely understandable after the US Congress proposed Americans can sue China in US courts for the same reason .
So lawsuits will be filed , each country will decide against the other , and the people will be entitled to confiscate each other ’ s assets in their country .
Ya – that should be great for the economy !
Of course , what the Congress proposed was a violation of international law .
They can no more waive sovereign immunity of another country than @ @ @ @ @ @ @ in China .
But law no longer matters .
This is all just politics now on both sides .
What is going on is really absurd .
The US threatens sanction if Beijing passes the new laws on Hong Kong which GUARANTEES that they they then MUST do so .
I do not know if we have the dumbest politicians in history right now , but it certainly seems to be .
You can not threaten sanctions against a major power be it Russia of China and actually expect that they will back @ @ @ @ @ @ @ the cold war with higher walls that lead to war .
Of course , I get the typical hate mail that twist it to say I just “ love ” China .
They are the typical cowards like Dick Cheney who have no problem sending other people ’ s children off to war to die so they can cheer while watching it on CNN as some video game completely detached from reality or human responsibility .
I would love to send such people to the front lines in a war and they should @ @ @ @ @ @ @ childish nonsense .
I lost 50 % of my high school friends to Vietnam .
What die the die for ?
Strip clubs in Vietnam ?
Communism fell all by itself because Marxism is unsustainable no matter how many times these people try .
These people who are cheering war will , unfortunately , get their way .
They will be sitting drinking their beer and watching CNN as if this is a sports game and their team will smash the other .
They are total idiots who have no idea what unfolds @ @ @ @ @ @ @ cheer it like the sick individuals they really are .
I am sure they just party on Memorial Day and have never for one second thought about all the people who have died fighting wars that have never been about what the politicians claim .

by Martin Armstrong
China Proposes A Law Allowing Citizens To Sue US For Starting Coronavirus Pandemic which is entirely understandable after the US Congress proposed Americans can sue China in US courts for the same reason. So lawsuits will be filed, each country will decide against the other, and the people will be entitled to confiscate each other’s assets in their country. Ya – that should be great for the economy!
Of course, what the Congress proposed was a violation of international law. They can no more waive sovereign immunity of another country than the USA would be subject to suit in China. But law no longer matters. This is all just politics now on both sides.
We are primarily funded by readers. Please subscribe and donate to support us!
What is going on is really absurd. The US threatens sanction if Beijing passes the new laws on Hong Kong which GUARANTEES that they they then MUST do so. I do not know if we have the dumbest politicians in history right now, but it certainly seems to be. You cannot threaten sanctions against a major power be it Russia of China and actually expect that they will back down. All this does is build the cold war with higher walls that lead to war.
Of course, I get the typical hate mail that twist it to say I just “love” China. They are the typical cowards like Dick Cheney who have no problem sending other people’s children off to war to die so they can cheer while watching it on CNN as some video game completely detached from reality or human responsibility. I would love to send such people to the front lines in a war and they should be the first to die for their childish nonsense. I lost 50% of my high school friends to Vietnam. What die the die for? Strip clubs in Vietnam? Communism fell all by itself because Marxism is unsustainable no matter how many times these people try.
These people who are cheering war will, unfortunately, get their way. They will be sitting drinking their beer and watching CNN as if this is a sports game and their team will smash the other. They are total idiots who have no idea what unfolds in war. Nevertheless, they will cheer it like the sick individuals they really are. I am sure they just party on Memorial Day and have never for one second thought about all the people who have died fighting wars that have never been about what the politicians claim.


investmentwatchblog--2020-05-29--UK uses Feudal System law to seize £150 million from bank accounts

During the summer of 1215 in a riverfront meadow near London , some of England ’ s top barons gathered to confront King John and force him to sign a contract guaranteeing their rights and freedoms .
The contract became known as the Magna Carta .
And one of its key provisions ( # 43 ) gave the Barons protection against something called ‘ escheat ’ .
In medieval times , ‘ escheat ’ referred to the property being forcibly passed to the King if its original owner died without heirs .
So if a Baron passed away without a @ @ @ @ @ @ @ escheat back to the crown .
Over time , kings vastly expanded the use of escheat ; anyone convicted of a crime would have their property seized by escheat .
Occasionally someone ’ s son or daughter could be pressed into servitude by escheat .
It was like a medieval version of Civil Asset Forfeiture : the King took whatever he wanted , for any reason , and people had no rights .
By 1215 , England ’ s noblemen were sick and tired of it , and they successfully forced King John @ @ @ @ @ @ @ for the other 99.9 % of England ’ s population , most of the Magna Carta ’ s guarantees only applied to Barons and other noblemen .
Plain ole ’ regular serfs still had their meager property plundered by the King , and by the noblemen themselves who had just fought to preserve their own rights at the expense of everyone else ’ s .
So if a feudal serf in England died without an heir , or was convicted of a crime , all his property was escheated to the local Lord @ @ @ @ @ @ @ became such big business in England that the government appointed special agents called ‘ escheators ’ in every single English county to oversee property confiscation every time someone passed away .
If there was any doubt at all whether or not the deceased had valid heirs , the escheator would seize the property immediately .
Amazingly enough , this ridiculous feudal custom still exists .
And not just in England– in many countries around the world .
In just about every state in the Land of the Free , for example , your @ @ @ @ @ @ @ are forfeited to the government if you die without heir .
Even bank accounts that are left dormant for some period of time– usually a few years– can be confiscated by the government .
But this is totally bizarre , because ‘ dormant bank account ’ rules can be incredibly loose .
In many jurisdictions , for example , simply having some savings stashed away in a bank account that doesn ’ t have any other activity can put your funds at risk of being seized .
They actually still use the same @ @ @ @ @ @ @ bank accounts is escheated to the state .
To be fair , this practice has been relatively rare… until Covid .
But now governments are starting to look at every source of funding they can get their hands on , including the medieval ones .
The British government recently announced that they had “ unlocked ” £150 million from dormant bank accounts , with cooperation from some of the biggest banks in the UK , all to help fight World War Covid .
And now the UK is looking to expand the practice @ @ @ @ @ @ @ like to be able to seize unclaimed financial assets ( including stocks and bonds ) , insurance proceeds , and even dormant pension accounts .
As one UK government official put it , “ I look forward to the potentially millions more we can unlock for good causes through expanding the Dormant Assets Scheme.
” This is a practice that literally dates back to the feudal system .
And it reinforces a simple truth : you don ’ t really own anything if the government has the authority to take it .
I @ @ @ @ @ @ @ up with this idea have very good intentions .
After all , what nobler cause is there in this bizarre world of ours but to wage an endless crusade against the Coronavirus , no matter the cost ?
They ’ re willing to do whatever it takes , spend whatever it takes , print as much money as it takes , and yes , even confiscate people ’ s private property , to rid the world of the virus .
This is our new reality : medieval serfdom .
And to continue learning @ @ @ @ @ @ @ what happens next in the world , I encourage you to download our free Perfect Plan B Guide .
Because… If you live , work , bank , invest , own a business , and hold your assets all in just one country , you are putting all of your eggs in one basket .

by Simon Black of Sovereign Man
During the summer of 1215 in a riverfront meadow near London, some of England’s top barons gathered to confront King John and force him to sign a contract guaranteeing their rights and freedoms.
The contract became known as the Magna Carta. And one of its key provisions (#43) gave the Barons protection against something called ‘escheat’.
In medieval times, ‘escheat’ referred to the property being forcibly passed to the King if its original owner died without heirs.
So if a Baron passed away without a son, his domain would pass by escheat back to the crown.
Over time, kings vastly expanded the use of escheat; anyone convicted of a crime would have their property seized by escheat. Occasionally someone’s son or daughter could be pressed into servitude by escheat.
It was like a medieval version of Civil Asset Forfeiture: the King took whatever he wanted, for any reason, and people had no rights.
By 1215, England’s noblemen were sick and tired of it, and they successfully forced King John to sign the Magna Carta.
Unfortunately for the other 99.9% of England’s population, most of the Magna Carta’s guarantees only applied to Barons and other noblemen.
Plain ole’ regular serfs still had their meager property plundered by the King, and by the noblemen themselves who had just fought to preserve their own rights at the expense of everyone else’s.
So if a feudal serf in England died without an heir, or was convicted of a crime, all his property was escheated to the local Lord, or to the King.
This became such big business in England that the government appointed special agents called ‘escheators’ in every single English county to oversee property confiscation every time someone passed away.
If there was any doubt at all whether or not the deceased had valid heirs, the escheator would seize the property immediately.
Amazingly enough, this ridiculous feudal custom still exists. And not just in England– in many countries around the world.
In just about every state in the Land of the Free, for example, your possessions, real estate, etc. are forfeited to the government if you die without heir.
We are primarily funded by readers. Please subscribe and donate to support us!
Even bank accounts that are left dormant for some period of time– usually a few years– can be confiscated by the government.
But this is totally bizarre, because ‘dormant bank account’ rules can be incredibly loose. In many jurisdictions, for example, simply having some savings stashed away in a bank account that doesn’t have any other activity can put your funds at risk of being seized.
They actually still use the same word– escheat. So money in dormant bank accounts is escheated to the state.
To be fair, this practice has been relatively rare… until Covid. But now governments are starting to look at every source of funding they can get their hands on, including the medieval ones.
The British government recently announced that they had “unlocked” £150 million from dormant bank accounts, with cooperation from some of the biggest banks in the UK, all to help fight World War Covid.
And now the UK is looking to expand the practice beyond bank accounts; they’d like to be able to seize unclaimed financial assets (including stocks and bonds), insurance proceeds, and even dormant pension accounts.
As one UK government official put it, “I look forward to the potentially millions more we can unlock for good causes through expanding the Dormant Assets Scheme.”
This is a practice that literally dates back to the feudal system. And it reinforces a simple truth: you don’t really own anything if the government has the authority to take it.
I have no doubt the bureaucrats who came up with this idea have very good intentions.
After all, what nobler cause is there in this bizarre world of ours but to wage an endless crusade against the Coronavirus, no matter the cost?
They’re willing to do whatever it takes, spend whatever it takes, print as much money as it takes, and yes, even confiscate people’s private property, to rid the world of the virus.
This is our new reality: medieval serfdom.
And to continue learning how to ensure you thrive no matter what happens next in the world, I encourage you to download our free Perfect Plan B Guide.
Because… If you live, work, bank, invest, own a business, and hold your assets all in just one country, you are putting all of your eggs in one basket.


investmentwatchblog--2020-05-29--Thousands of Clueless Investors Bidding Up a Hollow Market

By Matt from Silver Fortune via Silver Fortune Thanks retail investors and the Fed…

By Matt from Silver Fortune via Silver Fortune
We are primarily funded by readers. Please subscribe and donate to support us!
Thanks retail investors and the Fed…


investmentwatchblog--2020-05-29--How Long Until Hydrogen Is Competitive At The Pump?

Hydrogen might have a way to break through one of the barriers that keeps it from reaching mass-scale adoption for fuel cell electric cars and trucks .
French fuel company Air Liquide just released a new product in the US that can make hydrogen competitive with the average gasoline and diesel fuel station .
Its high capacity of 1,000 kg and dual filling positions are capable of fueling 250 vehicles per day .
Compare that to a gas station fueling 800 to 1,000 vehicles a day on average , and it would make hydrogen viable for retail stations that can @ @ @ @ @ @ @ dual hydrogen filling pumps .
Hydrogen fueling stations that have been installed in the US , Europe , Japan , and South Korea , have been quite limited in available fuel pumps — and the supply of hydrogen .
The French company which supplies industrial gases and services to various industries has already started installing these new stations in Japan , South Korea , and Europe .
Air Liquide ’ s new technology is able to integrate compression , high pressure storage , and cooling on a single skid .
That reduces greenhouse @ @ @ @ @ @ @ installation .
It was also given a compact design to be space efficient , and allow for an easier installation .
The announcement followed soon after the French company unveiled the development of its first portable hydrogen station .
Along with pervasive presence , traditional gasoline and diesel stations have been able to keep hydrogen beat on price .
California Fuel Cell Partnership explains that hydrogen fuel prices range from $ 12.85 to more than $ 16 per kilogram ( kg ) .
The most common price being seen at California hydrogen stations @ @ @ @ @ @ @ on a price per energy basis to $ 5.60 per gallon of gasoline ) .
With the price of gasoline in California averaging $ 2.86 for regular , gasoline has hydrogen beat by a long shot .
Toyota , Hyundai , and Honda , have been offering three years of hydrogen fuel with their new fuel cell car sales and lease offerings .
So far , there have been over 8,000 fuel cell electric vehicles and 41 operating hydrogen stations in California ; and not much in the rest of the country.Related : @ @ @ @ @ @ @ ?
The National Renewable Energy Laboratory estimates that hydrogen fuel prices may fall to the $ 10 to $ 8 per kg range in the 2020 to 2025 period , according to CaFCP .
The California agency sees hydrogen needing to come down to that price range to become competitive with gasoline and diesel .
One of the real challenges will be getting enough hydrogen to the fueling station to meet maximum demand .
Another hurdle to clear — the actual source of the hydrogen — will be gaining much attention as the @ @ @ @ @ @ @ makes its way to Lancaster , Calif .
The production plant just north of Los Angeles will use plastics and recycled paper as a feedstock — waste that would otherwise go to a landfill .
It has to be gasified at temperatures of 7,000 degrees Fahrenheit before being converted into hydrogen .
SGH2 Energy Global , which is part of the Solena Group , has been in charge of the project .
It ’ s been selling the technology on the carbon emissions and cost fronts .
The company says that it can @ @ @ @ @ @ @ hydrogen produced using electrolysis and renewable energy .
The company also claims that its five-to-seven times cheaper — and cost competitive with “ grey ” hydrogen produced from fossil fuels .
One of the grey sources , natural gas , makes for most of the hydrogen being used now .
“ The beauty here , is that Lancaster will be using this for transportation but it could also be used to generate electricity , ” says Robert Do , chief executive of SGH2 .
“ It can be stored and then used for @ @ @ @ @ @ @ first large-scale green hydrogen plant in the world.
” The company ’ s CEO said the plant will produce as much as 11,000 kg of green hydrogen per day , and 3.8 million kg per year .
That would be about three times more than any existing or planned green hydrogen facility .
The US Department of Energy continues to support hydrogen through its Office of Energy Efficiency and Renewable Energy ( EERE ) — gaining support from the Trump administration and two presidents before him .
The EERE just announced that about @ @ @ @ @ @ @ small business awards , and three projects have been awarded funds supported by the agency ’ s Hydrogen and Fuel Cell Technologies Office .
Alchemr , of Boca Raton , Fla. , will develop and test a hydrogen production system that can enable chemical and fuels manufacturing as well as increased use of offshore wind energy .
Giner , of Newton , Mass.
, will develop a cost model and design requirements for a wind-to-hydrogen generation system that could justify transmitting hydrogen from offshore windfarms instead of electricity .
Greenway Energy , of @ @ @ @ @ @ @ test a new , low-cost , and efficient electrolysis system that can be directly coupled with wind turbine power .
In January , the Department of Energy said that an additional $ 64 million is available in funding that will support “ transformational research and development.
” The goal here is developing hydrogen concepts that will encourage market expansion and increase the scale of hydrogen production , storage , transport , and use .

By Jon LeSage
Hydrogen might have a way to break through one of the barriers that keeps it from reaching mass-scale adoption for fuel cell electric cars and trucks.
French fuel company Air Liquide just released a new product in the US that can make hydrogen competitive with the average gasoline and diesel fuel station. Its high capacity of 1,000 kg and dual filling positions are capable of fueling 250 vehicles per day.
Compare that to a gas station fueling 800 to 1,000 vehicles a day on average, and it would make hydrogen viable for retail stations that can add up to six of these new dual hydrogen filling pumps. Hydrogen fueling stations that have been installed in the US, Europe, Japan, and South Korea, have been quite limited in available fuel pumps — and the supply of hydrogen.
The French company which supplies industrial gases and services to various industries has already started installing these new stations in Japan, South Korea, and Europe.
Air Liquide’s new technology is able to integrate compression, high pressure storage, and cooling on a single skid. That reduces greenhouse gas emissions and allows for an easier installation. It was also given a compact design to be space efficient, and allow for an easier installation. The announcement followed soon after the French company unveiled the development of its first portable hydrogen station.
Along with pervasive presence, traditional gasoline and diesel stations have been able to keep hydrogen beat on price. California Fuel Cell Partnership explains that hydrogen fuel prices range from $12.85 to more than $16 per kilogram (kg). The most common price being seen at California hydrogen stations is $13.99 per kg (equivalent on a price per energy basis to $5.60 per gallon of gasoline). With the price of gasoline in California averaging $2.86 for regular, gasoline has hydrogen beat by a long shot.
Toyota, Hyundai, and Honda, have been offering three years of hydrogen fuel with their new fuel cell car sales and lease offerings. So far, there have been over 8,000 fuel cell electric vehicles and 41 operating hydrogen stations in California; and not much in the rest of the country.Related: Will There Be Another Oil Price War?
The National Renewable Energy Laboratory estimates that hydrogen fuel prices may fall to the $10 to $8 per kg range in the 2020 to 2025 period, according to CaFCP. The California agency sees hydrogen needing to come down to that price range to become competitive with gasoline and diesel.
We are primarily funded by readers. Please subscribe and donate to support us!
One of the real challenges will be getting enough hydrogen to the fueling station to meet maximum demand. Another hurdle to clear — the actual source of the hydrogen — will be gaining much attention as the world’s largest green hydrogen plant makes its way to Lancaster, Calif.
The production plant just north of Los Angeles will use plastics and recycled paper as a feedstock — waste that would otherwise go to a landfill. It has to be gasified at temperatures of 7,000 degrees Fahrenheit before being converted into hydrogen.
SGH2 Energy Global, which is part of the Solena Group, has been in charge of the project. It’s been selling the technology on the carbon emissions and cost fronts. The company says that it can reduce emissions two-to-three times more than green hydrogen produced using electrolysis and renewable energy. The company also claims that its five-to-seven times cheaper — and cost competitive with “grey” hydrogen produced from fossil fuels. One of the grey sources, natural gas, makes for most of the hydrogen being used now.
“The beauty here, is that Lancaster will be using this for transportation but it could also be used to generate electricity,” says Robert Do, chief executive of SGH2. “It can be stored and then used for multiple purposes. This will be the first large-scale green hydrogen plant in the world.”
The company’s CEO said the plant will produce as much as 11,000 kg of green hydrogen per day, and 3.8 million kg per year. That would be about three times more than any existing or planned green hydrogen facility.
The US Department of Energy continues to support hydrogen through its Office of Energy Efficiency and Renewable Energy (EERE) — gaining support from the Trump administration and two presidents before him. The EERE just announced that about $20 million will be available in small business awards, and three projects have been awarded funds supported by the agency’s Hydrogen and Fuel Cell Technologies Office.
Alchemr, of Boca Raton, Fla., will develop and test a hydrogen production system that can enable chemical and fuels manufacturing as well as increased use of offshore wind energy. Giner, of Newton, Mass., will develop a cost model and design requirements for a wind-to-hydrogen generation system that could justify transmitting hydrogen from offshore windfarms instead of electricity. Greenway Energy, of Aiken, SC, will develop and test a new, low-cost, and efficient electrolysis system that can be directly coupled with wind turbine power.
In January, the Department of Energy said that an additional $64 million is available in funding that will support “transformational research and development.” The goal here is developing hydrogen concepts that will encourage market expansion and increase the scale of hydrogen production, storage, transport, and use.
By Jon LeSage for Oilprice.com


investmentwatchblog--2020-05-29--WATCH: Armed citizens are attempting to stop looters in Minneapolis “Before there were cops, there w

WATCH : Armed citizens are attempting to stop looters in Minneapolis “ Before there were cops , there were just @ @ @ @ @ we are.
” “ Justice for Floyd but we don ’ t support looting… ”

WATCH: Armed citizens are attempting to stop looters in Minneapolis
“Before there were cops, there were just Americans. So, here we are.”
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“Justice for Floyd but we don’t support looting…”
WATCH: Armed citizens are attempting to stop looters in Minneapolis “Before there were cops, there were just Americans. So, here we are.” “Justice for Floyd but we don’t support looting…”@maxnesterak pic.twitter.com/0R5zeBR5GF — Breaking911 (@Breaking911) May 28, 2020
AC


investmentwatchblog--2020-05-29--My business was raided by police

My business was raided by police

My business was raided by police .

My business was raided by police.
Please watch this
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QL


investmentwatchblog--2020-05-29--Minneapolis police chief confirmed many looters & rioters are not from the city.

Police Chief Medaria Arradondo says many of the people who looted businesses and set fires amid the peaceful protests of @ @ @ @ @ Wednesday night are not believed to be from Minneapolis .

Police Chief Medaria Arradondo says many of the people who looted businesses and set fires amid the peaceful protests of George Floyd’s death Wednesday night are not believed to be from Minneapolis.
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www.fox9.com/video/688884


investmentwatchblog--2020-05-29--Liquidity is the excuse not to understand anything.

You know what causes the biggest sell offs ?
Too many people long over priced call options .
$ vix @ @ @ @ @ be buying upside calls on anything .
risk reward is atrocious .
even if you @ @ @ @ @ will struggle to break even on the calls .
Sp yes it ’ s a @ @

Liquidity is the excuse not to understand anything. — J. Brett Freeze, CFA (@Techs_Global) May 28, 2020
BLACKROCK'S LARRY FINK SAYS MARKETS ARE ASSUMING A LOT OF GOOD NEWS AT THIS MOMENT — *Walter Bloomberg (@DeItaOne) May 27, 2020
US GDPNow “improved” from -41.9% to -40.0% . yes. 🚀 pic.twitter.com/veQ6Y6rqua — 𝘬𝘢𝘪 (@MacroTechnicals) May 28, 2020
Investors’ appetite for junk bonds is growing as retail funds are expected to add about $6 billion for the week ending May 27 t.co/q1FcGVos0K pic.twitter.com/aubNCu76CK — Win Smart, CFA (@WinfieldSmart) May 28, 2020
Forward P/E crazy expensive pic.twitter.com/JNQ4IfxfIv — Win Smart, CFA (@WinfieldSmart) May 28, 2020
No airline bankruptcies yet but 2 of the top 4 auto rental companies have filed Chapter 11. The government is picking who lives, who dies. I guess I’m here to tell their story 🎶 😉 — HedgeFundGirl (@Hedge_FundGirl) May 28, 2020
You know what causes the biggest sell offs? Too many people long over priced call options. $vix is way too high to be buying upside calls on anything. risk reward is atrocious. even if you are directionally right, most will struggle to break even on the calls. Sp yes it’s a trap.
twitter.com/hks55/status/1266064478132744193
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This new University of Chicago report estimates that 42% of job losses will not return @JohnESmyth t.co/jwqAhzXISK — Daniel Lacalle (@dlacalle_IA) May 28, 2020
🧐Because they have nothing to do and they must insist on doing something…worthless.
This time is different #300YCYcle #depression t.co/JIqxyuwACc — Antonio Pérez Algás (@apanalis) May 28, 2020
Carl Icahn lost $2 billion betting on Hertz


investmentwatchblog--2020-05-30--Here We Go: China FURY: Beijing erupts at USA and UK scrutiny as United Nations Virtual Meeting Erup

Here We Go: China FURY: Beijing erupts at USA and UK scrutiny as United Nations Virtual Meeting Erupts into Chaos

CHINA hit back with anger at the United States and Great Britain at the United Nations Security Council as the virtual meeting erupted into chaos .
USA and UK officials raised China ’ s plan to impose new security legislation on Hong Kong at summit , prompting China and Russia to criticise the United States for excessive use of force against black people .
The 15-member council informally discussed Hong Kong in a closed virtual meeting after China opposed a US call on Wednesday for a formal open council meeting , arguing that it was not an issue of international @ @ @ @ @ @ @ Craft asked : “ Are we going to take the honourable stand to defend the human rights and the dignified way of life that millions of Hong Kong citizens have enjoyed and deserve … or are we going to allow the Chinese Communist Party to violate international law and force its will on the people of Hong Kong ?
” China ’ s parliament on Thursday approved a decision to move forward with legislation that democracy activists , diplomats and some in the business world fear will jeopardise Hong Kong ’ s semi-autonomous @ @ @ @ @ @ @ hub .
Acting British UN Ambassador Jonathan Allen said after the council discussion : “ This legislation risks curtailing the freedoms that China has undertaken to uphold as a matter of international law .

CHINA hit back with anger at the United States and Great Britain at the United Nations Security Council as the virtual meeting erupted into chaos.
USA and UK officials raised China’s plan to impose new security legislation on Hong Kong at summit, prompting China and Russia to criticise the United States for excessive use of force against black people. The 15-member council informally discussed Hong Kong in a closed virtual meeting after China opposed a US call on Wednesday for a formal open council meeting, arguing that it was not an issue of international peace and security.
US Ambassador Kelly Craft asked: “Are we going to take the honourable stand to defend the human rights and the dignified way of life that millions of Hong Kong citizens have enjoyed and deserve … or are we going to allow the Chinese Communist Party to violate international law and force its will on the people of Hong Kong?”
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China’s parliament on Thursday approved a decision to move forward with legislation that democracy activists, diplomats and some in the business world fear will jeopardise Hong Kong’s semi-autonomous status and role as a global financial hub.
Acting British UN Ambassador Jonathan Allen said after the council discussion: “This legislation risks curtailing the freedoms that China has undertaken to uphold as a matter of international law.
www.express.co.uk/news/world/1288982/china-news-xi-jinping-donald-trump-hong-kong
President Trump: "[China is] considered a developing nation, getting all sorts of benefits that others including the United States are not entitled to." pic.twitter.com/H2ECeuAVEh — The Hill (@thehill) May 29, 2020


investmentwatchblog--2020-05-29--Software job postings suggest pipeline not yet robust

Analysts at RBC have been tracking job postings for 88 of the largest public and private software vendors , and monitoring the impact of COVID-19 on those postings .
Total postings have declined -46 % since Feb ( -48 % y/y ) , but declines have slowed to -2.6 % w/w , the slowest decline since Mar 17th , with all sub-sectors ranging from -5 % to +3 % .
NLOK , PING , MIME , RP and ALTR appear to have the biggest w/w gains while NTNX , CVLT , NET , ESTC and PD seem to have the @ @ @ @ @ @ @ in the sector have generally been better than expected and valuations for many sub-groups are now back above pre-COVID levels .
However , with job postings still down -46 % since Feb , the pipeline build and sales capacity does not appear to be very robust yet .
Could we see a pullback as focus turns from COVID impact to the new business environment ?
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due @ @

by street-guru
Analysts at RBC have been tracking job postings for 88 of the largest public and private software vendors, and monitoring the impact of COVID-19 on those postings.
Total postings have declined -46% since Feb (-48% y/y), but declines have slowed to -2.6% w/w, the slowest decline since Mar 17th, with all sub-sectors ranging from -5% to +3%. NLOK, PING, MIME, RP and ALTR appear to have the biggest w/w gains while NTNX, CVLT, NET, ESTC and PD seem to have the largest w/w declines in postings.
We are primarily funded by readers. Please subscribe and donate to support us!
Results in the sector have generally been better than expected and valuations for many sub-groups are now back above pre-COVID levels. However, with job postings still down -46% since Feb, the pipeline build and sales capacity does not appear to be very robust yet. Could we see a pullback as focus turns from COVID impact to the new business environment?
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-05-29--BLK CEO Larry Fink predicts corporate taxes to rise from 21% to 28~29% by year end

But the predictions of two investing heavyweights have not affected stock markets , which have roared back from their initial @ @ @ @ @ they resonate with much of the corporate world , which is still leaning on government @ @ @ @ @ about the eventual bill .

by theC0nch
www.ft.com/content/ef9ccf41-4973-4b45-9684-739dd34b6764
But the predictions of two investing heavyweights have not affected stock markets, which have roared back from their initial coronavirus crash. Nor do they resonate with much of the corporate world, which is still leaning on government support without fretting too much about the eventual bill.


investmentwatchblog--2020-05-29--[Seeking Alpha] Uber Is Not The Next Amazon And Is Not Worth $60 Billion

The underlying growth and future potential profitability do not justify the stock ’ s current valuation .
CEO ’ s statement and the company ’ s aspiration to become the next Amazon fall short with reality .
The past two-month rally has doubled Uber ’ s ( UBER ) stock , which , in my view , is impossible to justify .
Even at its 52-week low a little under 14 $ /share , I felt that its valuation is absurd , let alone at its current $ 34/share .
Investors are pricing Uber under the impression that it ’ @ @ @ @ @ @ @ ( AMZN ) , as stated multiple times .
Uber ’ s CEO Dara Khosrowshahi has previously compared the company ’ s business model with that of Amazon .
By the end of the article , I hope that it will be clear why this is not the case , and why the stock is not worth $ 60 billion .
In this article , I will discuss : Uber ’ s cash burn rate and its impact on debt and equity The company ’ s lack of a clear strategy The absence @ @ @ @ @ @ @ ’ s current valuation is unreasonable Conclusion why the company is not the next Amazon

seekingalpha.com/article/4350604-uber-is-not-next-amazon-and-is-not-worth-60-billion
Summary Uber has a significant cash problem, suffers high interest rates, and lacks a clear plan.
The underlying growth and future potential profitability do not justify the stock’s current valuation.
CEO’s statement and the company’s aspiration to become the next Amazon fall short with reality.
I am bearish on Uber.
The past two-month rally has doubled Uber’s (UBER) stock, which, in my view, is impossible to justify. Even at its 52-week low a little under 14$/share, I felt that its valuation is absurd, let alone at its current $34/share. Investors are pricing Uber under the impression that it’s going to be the next Amazon (AMZN), as stated multiple times. Uber’s CEO Dara Khosrowshahi has previously compared the company’s business model with that of Amazon. By the end of the article, I hope that it will be clear why this is not the case, and why the stock is not worth $60 billion.
In this article, I will discuss:
Uber’s cash burn rate and its impact on debt and equity The company’s lack of a clear strategy The absence of exciting growth The reason the stock’s current valuation is unreasonable Conclusion why the company is not the next Amazon


investmentwatchblog--2020-05-29--In case you missed it… Musk is having a tough day Quote Tweet

In case you missed it… Musk is having a tough day t.co/JR1z354aPg
— 🔴 I. Vodenitcharov CFA CMT (@iv_technicals) May 29, 2020