investmentwatchblog--2020-05-18--Alert Von Greyerz Warns You Can’t Avoid The Final Economic Collapse! There Is No Solution

We ’ re diving into an unavoidable economic collapse , and in today ’ s video , we ’ re going to discuss with you about what is coming next for this period of great uncertainty and the dilemmas that are carried with it .
We ’ re bringing updated data on how the final collapse will be influenced by the factors that are being neglected by our leaders , examining how the unemployment rates can be a reflection upon a broken system , and showing you evidence that no , they can not say that they couldn ’ t @ @ @ @ @ @ @ the elites little have done to actually improve our quality of life during times of crisis – and if it wasn ’ t evident before , I assume it might have become apparent to you by now .
They ’ re only worried about not compromising their profits and take irresponsible actions that are nothing but a band-aid laid upon an exposed fracture .
Moreover , we ’ re going to analyze how the perspective of the future has been transforming week after week because it ’ s become an impossible task to @ @ @ @ @ @ @ .
It is totally outrageous that stock market investors are acting so recklessly while a human tragedy is happening all over the globe .
As Egon von Greyerz has correctly pointed out , it seems that they are totally oblivious to the world economy .
They ’ re placing finance above everything else , and only focusing on profiting from the liquidity injections that are making money worthless .
For them , money printing is merely a new fashion for big conglomerates to boost their revenue without having to produce any goods .
@ @ @ @ @ @ @ is really going on in the real world , just because they can .
The second stock market crash can happen over the course of the next few weeks , but whenever it arrives , this new collapse will be at least as disruptive as the initial coup for investors , with a long-term downturn of over 95 % in stocks .
Taking a look at the Dow/Gold ratio , it is possible to see that it topped in 1999 at 45 , and now is at 13.7 .
This ratio has been @ @ @ @ @ @ @ and it is very alike to the correction in the 1970s , now returning to a downslide .
This 200-year graphic allows us to see the magnitude of the scale of the moves .
Ever since the Fed was created in 1913 , and there was a closing window for gold in most countries , it is possible to observe that major swings and tops and bottoms are much more exaggerated than before 1913 .
This is the result of the constant interference of central banks and their manipulation of markets .
The @ @ @ @ @ @ @ .
Prices are set in a dystopian virtual landscape , and with credit expansion and fake money printing , we now have fake prices in virtually all instruments .
And if you ’ re still skeptical about that , just wait and you ’ ll see how things will unroll from now on on the markets .
If we consider that the Dow drops to 10,000 over the course of the next years , with a Dow/Silver ratio of 6 , it would be possible that the silver price hit $ 1,666 .
@ @ @ @ @ @ @ are always led by silver .
In March , the gold/silver ratio has come down from 126 to 110 at the current time , and it seems to be going further down soon enough .
Silver is now increasing a little faster than gold , which is what is expected when the uptrend in the metals starts again .
That is to say that a major turn up in gold and silver is about to happen .
All the evidences are there , with investors starting to hold to metals again , because @ @ @ @ @ @ @ paper , so they ’ re looking for financial survival and wealth protection against an economic collapse , and if you have the chance , maybe that ’ s what you should do too , while you still can .

We’re diving into an unavoidable economic collapse, and in today’s video, we’re going to discuss with you about what is coming next for this period of great uncertainty and the dilemmas that are carried with it.
We’re bringing updated data on how the final collapse will be influenced by the factors that are being neglected by our leaders, examining how the unemployment rates can be a reflection upon a broken system, and showing you evidence that no, they cannot say that they couldn’t see this coming.
The government and the elites little have done to actually improve our quality of life during times of crisis – and if it wasn’t evident before, I assume it might have become apparent to you by now. They’re only worried about not compromising their profits and take irresponsible actions that are nothing but a band-aid laid upon an exposed fracture. Moreover, we’re going to analyze how the perspective of the future has been transforming week after week because it’s become an impossible task to predict all the layers of this situation.
It is totally outrageous that stock market investors are acting so recklessly while a human tragedy is happening all over the globe. As Egon von Greyerz has correctly pointed out, it seems that they are totally oblivious to the world economy. They’re placing finance above everything else, and only focusing on profiting from the liquidity injections that are making money worthless. For them, money printing is merely a new fashion for big conglomerates to boost their revenue without having to produce any goods. They’re completely disconnected from what is really going on in the real world, just because they can.
We are primarily funded by readers. Please subscribe and donate to support us!
The second stock market crash can happen over the course of the next few weeks, but whenever it arrives, this new collapse will be at least as disruptive as the initial coup for investors, with a long-term downturn of over 95% in stocks.
Taking a look at the Dow/Gold ratio, it is possible to see that it topped in 1999 at 45, and now is at 13.7. This ratio has been in a correction up since 2011, and it is very alike to the correction in the 1970s, now returning to a downslide.
This 200-year graphic allows us to see the magnitude of the scale of the moves. Ever since the Fed was created in 1913, and there was a closing window for gold in most countries, it is possible to observe that major swings and tops and bottoms are much more exaggerated than before 1913. This is the result of the constant interference of central banks and their manipulation of markets. The markets aren’t actually tangible nowadays. Prices are set in a dystopian virtual landscape, and with credit expansion and fake money printing, we now have fake prices in virtually all instruments. And if you’re still skeptical about that, just wait and you’ll see how things will unroll from now on on the markets.
If we consider that the Dow drops to 10,000 over the course of the next years, with a Dow/Silver ratio of 6, it would be possible that the silver price hit $1,666. Usually, the moves in the metals are always led by silver. In March, the gold/silver ratio has come down from 126 to 110 at the current time, and it seems to be going further down soon enough. Silver is now increasing a little faster than gold, which is what is expected when the uptrend in the metals starts again.
That is to say that a major turn up in gold and silver is about to happen. All the evidences are there, with investors starting to hold to metals again, because they know money will soon become worthless paper, so they’re looking for financial survival and wealth protection against an economic collapse, and if you have the chance, maybe that’s what you should do too, while you still can.


investmentwatchblog--2020-05-18--FITNESS CLASS OUTBREAK: 112 people in South Korea were infected with #SARSCoV2 at fitness dance clas

⚠FITNESS CLASS OUTBREAK : 112 people in South Korea were infected with # SARSCoV2 at fitness dance classes .
📌Most @ @ @ @ @ were result of transmission from instructors to fitness class participants .
33.9 % were in-family @ @ @ @ @ t.co/iUpRw59Ztw pic.twitter.com/Lpse1duc9y

⚠FITNESS CLASS OUTBREAK: 112 people in South Korea were infected with #SARSCoV2 at fitness dance classes.
📌Most (50.9%) cases were result of transmission from instructors to fitness class participants. 33.9% were in-family from instructors & students. t.co/iUpRw59Ztw pic.twitter.com/Lpse1duc9y
— Eric Feigl-Ding (@DrEricDing) May 18, 2020


investmentwatchblog--2020-05-18--Goldman Lowers EPS Growth Est For Q3 To -30% From -21%, No Longer Sees Full Q4 Recovery

The retail sales report in the US suggests a disastrous fall in personal consumption which amounts to 70 % of GDP .
@ yardeni via @ SoberLook pic.twitter.com/a2jTxJ5mXr This chart essentially tells you to underweight equities now ( peak 20th of May ) , and wait until after the US election before rebuying them .
In a replay of 2008 , toxic subprime loans could worsen this financial crisis In April , Moody ’ s placed 20 % of its rated collateralized loan obligations ( CLO ) ( valued at around $ 22 billion ) on review .
The decision @ @ @ @ @ @ @ Great Financial Crisis , when collateralized debt obligations ( CDOs ) proved problematic for the U.S. and global economies .
In the current financial crisis , CLOs , which — despite industry protestations to the contrary — share many of same structural characteristics as CDOs , may cause similar problems .
Like mortgage securitizations , CLOs package portfolios of corporate loans ( often of lower-quality ) into investable securities .
Investors do not take a pro-rata interest in the portfolio but instead take different slices of risks .
In return for higher returns @ @ @ @ @ @ @ tranches take the first losses .
Meanwhile , Investors in the senior tranches are protected against these first losses and receive lower returns .
In recent years , the underlying assets used have been riskier non-investment grade leveraged loans .
The equity tranche investors are typically hedge funds , private equity , institutional investors ( pension funds , insurance companies ) , some mutual funds ( depending on their mandates ) and high-net-worth individuals .
Some emerging-market banks also purchase the equity tranche .
Generally , they are looking for the high yield @ @ @ @ @ @ @ just a few .
To enhance investor returns , CLOs have introduced higher levels of leverage and complex risk .
While banks are required to hold capital of up to 16 % against their loan exposure , CLOs , which are not regulated , hold significantly less .
This increases leverage , generating potentially higher returns for shareholders .

The retail sales report in the US suggests a disastrous fall in personal consumption which amounts to 70% of GDP. @yardeni via @SoberLook pic.twitter.com/a2jTxJ5mXr
This chart essentially tells you to underweight equities now (peak 20th of May), and wait until after the US election before rebuying them.
In a replay of 2008, toxic subprime loans could worsen this financial crisis
In April, Moody’s placed 20% of its rated collateralized loan obligations (CLO) (valued at around $22 billion) on review. The decision carried ominous echoes of 2008 and the Great Financial Crisis, when collateralized debt obligations (CDOs) proved problematic for the U.S. and global economies. In the current financial crisis, CLOs, which — despite industry protestations to the contrary — share many of same structural characteristics as CDOs, may cause similar problems.
Like mortgage securitizations, CLOs package portfolios of corporate loans (often of lower-quality) into investable securities. Investors do not take a pro-rata interest in the portfolio but instead take different slices of risks. In return for higher returns, investors in the equity or subordinated tranches take the first losses. Meanwhile, Investors in the senior tranches are protected against these first losses and receive lower returns. In recent years, the underlying assets used have been riskier non-investment grade leveraged loans.
The equity tranche investors are typically hedge funds, private equity, institutional investors (pension funds, insurance companies), some mutual funds (depending on their mandates) and high-net-worth individuals. Some emerging-market banks also purchase the equity tranche. Generally, they are looking for the high yield and hoping for either no defaults or just a few.
To enhance investor returns, CLOs have introduced higher levels of leverage and complex risk. While banks are required to hold capital of up to 16% against their loan exposure, CLOs, which are not regulated, hold significantly less. This increases leverage, generating potentially higher returns for shareholders.


investmentwatchblog--2020-05-18--Stocks up on Powell saying Congress needs to find a way to keep people paying their bills, any recov

Stocks up on Powell saying Congress needs to find a way to keep people paying their bills, any recovery might drag into 2021 and might not be possible without a vaccine…

Stocks up 70 points on Powell saying Congress needs to find a way to keep people paying their bills , @ @ @ @ @ 2021 and might not be possible without a vaccine… but the Fed has unlimited power @ @ @ @ @ it needs to pump markets .
pic.twitter.com/97DZt6Gyz7

Stocks up 70 points on Powell saying Congress needs to find a way to keep people paying their bills, any recovery might drag into 2021 and might not be possible without a vaccine… but the Fed has unlimited power to print all the money it needs to pump markets. pic.twitter.com/97DZt6Gyz7 — 𝕿𝖍𝖊 𝕹𝖔𝖓-𝕰𝖘𝖘𝖊𝖓𝖙𝖎𝖆l 𝕰𝖘𝖘𝖊𝖓𝖙𝖎𝖆l (@Known__Unknowns) May 18, 2020
Quantitative easing as a share of GDP
(Via @SoberLook ) pic.twitter.com/934zilH8n7 — 𝕮𝖍𝖎 🛢 (@chigrl) May 18, 2020
How many people at the Fed actually managed a bond portfolio on Wall Street and succeeded b/f coming to the Fed? How many current Fed Gov's were at the Fed during prior bubbles and denied those bubbles? How many people at the Fed ever held an exec. level job in a company? 🤔🤦♀ pic.twitter.com/NweBmyQqxX — M/I_Investments (@MI_Investments) May 18, 2020
tilt your head for the truth pic.twitter.com/39aBZ3wpcA — Alastair Williamson (@StockBoardAsset) May 17, 2020
Atlanta Fed GDPNow vs. GDP: pic.twitter.com/0jEfcoMnfx — Michael McDonough (@M_McDonough) May 18, 2020


investmentwatchblog--2020-05-18--The trade deal between US and China was stone dead from the outset

The trade deal between US and China was stone dead from the outset , as e.g .
the USD 32bn @ @ @ @ @ almost practically impossible to implement due to low commodity prices .

The trade deal between US and China was stone dead from the outset, as e.g. the USD 32bn increase in agricultural purchases was almost practically impossible to implement due to low commodity prices.
China bashing coming up instead.
FX weekly -> t.co/fz7aY6HPf5 pic.twitter.com/21BwbSpaPL
— AndreasStenoLarsen (@AndreasSteno) May 18, 2020


investmentwatchblog--2020-05-18--Italian Congresswoman Goes OFF on Gill Bates, Bilderberg, ID2020 & Corrupt Mass Media. Exposes The C

Italian Congresswoman Goes OFF on Gill Bates, Bilderberg, ID2020 & Corrupt Mass Media. Exposes The Connections Between EU Politicians, Organizations And Bill Gates

High Impact Vlogs covers the speech of Italian congresswoman who reveals the nefarious agenda of Bill Gates and the parasitic @ @ @

by ClarityofSignal
High Impact Vlogs covers the speech of Italian congresswoman who reveals the nefarious agenda of Bill Gates and the parasitic global elite.
We are primarily funded by readers. Please subscribe and donate to support us!
www.youtube.com/watch?v=DAxQk9pvJ0I
lbry.tv/@CoronaAlternativeNews:d/Italian+Government+call+for+arrest+of+Bill+Gates:8?fbclid=IwAR1Pppe5OoLTGIuxQ-bDLPx6X3IQOW5EDnR11pYEgZq_yKRN7bEgmlhMRnU


investmentwatchblog--2020-05-18--Is a “second wave” almost guaranteed?

Is a “second wave” almost guaranteed?

Personally , I believe the virus is real .
I think it ’ s no more dangerous than a bad flu might I add .
And I think they ’ re inflating the numbers .
Some think it doesn ’ t even exist which I can see the argument for .
But is a “ second wave ” of this almost guaranteed at this point ?
Only because I ’ m aware , do I notice the media constantly drilling this in our head .
Telling us , “ if we don ’ t abide by the rules the virus @ @ @ @ @ @ @ ever see a spike ?
No hospital was ever overrun.. but the morgues will be when all those conditions like cancer go undiagnosed because the screenings and appointments cancelled from corona scare in a few years .
Now they ’ re drilling into our heads the danger of a second wave.. which how is this even possible ?
We ’ re supposed to be immune once we have the virus once .
Which brings in the vaccine paradox.. if you can ’ t get immune ( somehow ?
?
?
? )
then @ @ @ @ @ @ @ vaccine going to do ?
If the antibodies your body naturally makes to defend against the virus the second time doesn ’ t work , what ’ s the difference in a vaccine ?
They do the same thing .
My guess is they ’ ll fabricate a second wave .
It ’ s already all over the media about it before it ’ s even happened , so when it does you ’ ll abide it .
panic people and tell them the only thing that will return life to normally is @ @ @ @ @ @ @ I think a lot of people complied with the lockdown so early because they thought this would be short lived .
It ’ s evident they ’ re trying to drag this on as long as they can before it goes overboard and people wake up .
There ’ s a fine line .
The “ easing ” of the lockdown to throw people off and keep them sedated .
I found a great way of explaining to others WHY we need life to carry on as normal and SOON .
The virus @ @ @ @ @ @ @ 60 and especially non existent if you ’ re healthy .
If you are 60+ with multiple underlying conditions then yea you may be at risk like you are with a chest infection / pneumonia .
Every day you get in your car , you drive to work the shops .
Everyday you run the risk of getting into a fatal or life crippling accident .
1.3million people DIE let alone injury in car crashes alone a year .
There ’ s a risk involved in everything , you run that risk driving @ @ @ @ @ @ @ s different with a virus ?
Nothing .
You are more at risk dying in a car crash than you are covid , not even including if you are a healthy sub 60 person .
I don ’ t get philosophical but maybe this virus mutated and evolved to wipe out the “ real ” virus , the human race .
We ’ ve contributed no good to the planet but destroy it and murder eachother .
Disclaimer : This is a guest post and it doesn ’ t necessarily represent the views @ @ @

by 1Drumcode
Personally, I believe the virus is real. I think it’s no more dangerous than a bad flu might I add. And I think they’re inflating the numbers. Some think it doesn’t even exist which I can see the argument for.
But is a “second wave” of this almost guaranteed at this point? Only because I’m aware, do I notice the media constantly drilling this in our head. Telling us, “if we don’t abide by the rules the virus will spike again”. Did we ever see a spike? No hospital was ever overrun.. but the morgues will be when all those conditions like cancer go undiagnosed because the screenings and appointments cancelled from corona scare in a few years.
Now they’re drilling into our heads the danger of a second wave.. which how is this even possible? We’re supposed to be immune once we have the virus once. Which brings in the vaccine paradox.. if you can’t get immune (somehow????) then how and what the hell is a vaccine going to do? If the antibodies your body naturally makes to defend against the virus the second time doesn’t work, what’s the difference in a vaccine? They do the same thing.
My guess is they’ll fabricate a second wave. It’s already all over the media about it before it’s even happened, so when it does you’ll abide it. panic people and tell them the only thing that will return life to normally is take the vaccine. But why?
We are primarily funded by readers. Please subscribe and donate to support us!
I think a lot of people complied with the lockdown so early because they thought this would be short lived. It’s evident they’re trying to drag this on as long as they can before it goes overboard and people wake up. There’s a fine line. The “easing” of the lockdown to throw people off and keep them sedated.
I found a great way of explaining to others WHY we need life to carry on as normal and SOON. The virus death rate is almost non existent sub 60 and especially non existent if you’re healthy. If you are 60+ with multiple underlying conditions then yea you may be at risk like you are with a chest infection / pneumonia. Every day you get in your car, you drive to work the shops. Everyday you run the risk of getting into a fatal or life crippling accident. 1.3million people DIE let alone injury in car crashes alone a year. There’s a risk involved in everything, you run that risk driving your car EVERY DAY. What’s different with a virus? Nothing. You are more at risk dying in a car crash than you are covid, not even including if you are a healthy sub 60 person.
I don’t get philosophical but maybe this virus mutated and evolved to wipe out the “real” virus, the human race. We’ve contributed no good to the planet but destroy it and murder eachother.
Disclaimer: This is a guest post and it doesn’t necessarily represent the views of IWB.


investmentwatchblog--2020-05-18--U.S senators sold record amount of stocks last Friday…

What does that mean… doesn ’ t look like it means anything good .
Note the timeline goes back to @ @ @ @ @ 2020 isn ’ t far from the the latest drop but it is from last @ @

by thoughtpixie
What does that mean… doesn’t look like it means anything good.
Here’s the source;
We are primarily funded by readers. Please subscribe and donate to support us!
streamable.com/3zocja
Note the timeline goes back to 2016, hence why January 2020 isn’t far from the the latest drop but it is from last Friday.


investmentwatchblog--2020-05-18--China stages a coup in Hong Kong

China stages a coup in Hong Kong

Check out this thread , there ’ s pandemonium happening right now in the Hong Kong legislature : The CCP @ @ @ @ @ international commitments and resolved to undermine one country , two systems and fully control HK @ @ @ @ @ accepted the mission arranged by the CCP to enact a series of evil laws for @ @ @

Check out this thread, there’s pandemonium happening right now in the Hong Kong legislature:
The CCP decided to violate their original international commitments and resolved to undermine one country, two systems and fully control HK. The HK Gov has accepted the mission arranged by the CCP to enact a series of evil laws for HK. pic.twitter.com/kbocd4MwmF
— Tom Wong (@TomWong93767868) May 18, 2020


investmentwatchblog--2020-05-18--U.S. Real Estate Market Showing Signs Of Collateral Damage

by Chris Vermeulen of The Technical Traders As we continue to digest economic and global data , our researchers have focused on Real Estate as we believe the contraction in the US economy , spanning corporate , main street , and millions of Americans , will quickly reflect in a slowing Real Estate market .
Our researcher attempted to dive into the most recent data from Realtor.com ( www.realtor.com/research/ ) to identify any trends or insights we could find to prepare for a broader contagion event .
Current data suggests the US Real Estate market has begun a dramatic slowdown @ @ @ @ @ @ @ does not reflect this data yet .
In short , more homes are being pulled from active listings and those that are still listed are sellers that can wait out their price or are under pressure to sell because of other factors .
Historically , Summer months typically result in a moderate decrease in price levels as more homes get listed for sale and “ Days On Market ” ( DOM ) lengthens .
Something big is starting to take place almost everywhere in the US as current data suggests inventory is shrinking @ @ @ @ @ @ @ and DOM level has increased dramatically .
News of recent delinquencies in the mortgage market shows an incredible increase in the number of mortgages under pressure .
We believe many borrowers will attempt to cash out of the market over the next 90+ days while price levels are high .
Many of these borrowers will be rolling the dice while they hold onto their homes hoping the economy/jobs come back before the end of 2020 while they watch the value of their homes decline .
Overall , across the entire US , median @ @ @ @ @ @ @ YoY while Days on Market has increased 6 % YoY and Active Listings have decreased 15 % YoY .
Reading between the lines , this suggests to our researchers that sellers are trying to capture peak price levels while sales activity continues to decrease .
This also suggests that buyers are shifting into a more conservative buying mode – waiting for the right deal , better prices , and more distressed sellers .
Locally , most of the major markets have seen an incredible change in listing price , DOM , and active @ @ @ @ @ @ @ .
This data represents the YoY data change related to data from April 11 , 2020 , to May 9 , 2020 .
This data reflects how trends are changing and how total counts are changing – not total price level changes or total trend count changes on a YoY basis .
Our research team believes this data suggests sellers are still entering the market trying to take advantage of high price levels , yet they are not entering the market as quickly as they were 30+ days ago ( hence the drop @ @ @ @ @ @ @ , the DOM increases suggest buyers are slowing their activities as well .
Simple Supply and Demand theory suggests when prices are high and buyers begin to lose faith in future price increases – the cycle shifts from rising price levels to falling price levels as buyers begin to wait out the better deals and wait for the bottom in the markets to setup .
I was on TraderTV a few weeks back with Mr .
Wonderful ( Kevin O ’ Leary ) and he talked about the issue with real estate and @ @ @ @ @ @ @ this video clip .
In Part II of this article , we ’ ll continue to explore more data that suggests the Real Estate sector may become a big part of the next phase of the global economic collapse .
Early data suggests the market is shifting away from a seller ’ s market into a buyers market fairly quickly .
If our research is correct , all segments of Real Estate will become a bigger problem for banks and the economy as the shutdown continues .
We suggest you read this article @ @ @ @ @ @ @ ABOUT THE REAL ESTATE MARKET : If our research is correct , this shift is taking place right now and will likely continue into Summer 2020 as Main Street and millions of businesses suffer from the COVID-19 virus shutdowns .
Common sense would suggest an economic contraction reflecting millions in lost jobs , a major contraction in retail and other segments of the US economy and a severe issue with commercial real estate may lead to a broader contraction in residential real estate .
Buyers slow their purchases as more homeowners come under @ @ @ @ @ @ @ decline , and the cycle shifts from a seller ’ s market to a buyers market .
Right now , we are advising our clients to wait for stronger confirmed trading setups as we believe the current US market is still in a no man ’ s land related to price levels and future trends .
There is still a moderate change the US Fed buying will prompt a bit more upside price trend , but our modeling systems and technical indicators are suggesting a “ double-dip ” low will form as the @ @ @ @ @ @ @ This is the time for skilled technical traders to play very conservatively with their capital and to target bigger trends when the setup .
The next 24+ months are certain to be full of incredible opportunities for skilled technical traders – yet also full of risks .
We ’ ve already received emails from individuals who have been taking aggressive trades in certain sectors and gotten burned .
Follow our research and please understand the markets will do what they are going to do .
Our job is to find the right opportunities @ @ @ @ @ @ @ .
I have to toot my own horn here a little because subscribers and I had our trading accounts close at a new high watermark for our accounts .
We not only exited the equities market as it started to roll over , but we profited from the sell-off in a very controlled way .
Also , we locked in more with this bounce in the markets , along with a move in natural gas and we are sitting with some gains in our new position in the next hot sector .
As @ @ @ @ @ @ @ , I have been through a few bull/bear market cycles in stocks and commodities .
I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders .
2020 is going to be an incredible year for skilled traders .
Don ’ t miss all the incredible moves and trade setups .
I hope you found this informative , and if you would like to get a pre-market video every day before the opening bell , along with my trade alerts .
These simple @ @ @ @ @ @ @ trading accounts sitting at new high water marks yet again this week , not many traders can say that this year .
Visit my Active ETF Trading Newsletter .
We all have trading accounts , and while our trading accounts are important , what is even more important are our long-term investment and retirement accounts .
Why ?
Because they are , in most cases , our largest store of wealth other than our homes , and if they are not protected during a time like this , you could lose 25-50 % @ @ @ @ @ @ @ .
The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position .
If you have any type of retirement account and are looking for signals when to own equities , bonds , or cash , be sure to become a member of my Long-Term Investing Signals which we issued a new @ @ @ @ @ @ @ as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis .
Continuing our multi-part article related to our belief the Real Estate sector is about become the next big segment to begin to collapse as a result of the COVID-19 virus event and the extended shutdowns taking place throughout the globe , we ’ ll continue to review the data and explore various options for skilled technical traders .
In Part I , we shared some recent data that suggests the housing @ @ @ @ @ @ @ a fast rate .
Today , we ’ ll explore additional data that could help us understand where opportunities exist and how to prepare for this potential second phase of a broader financial collapse .
Over the past few years , the housing market has continued to rally past almost everyone ’ s expectations .
The COVID-19 virus event was simply a catalyst for a revaluation event within a hyper-inflated financial system .
For nearly 20 years , global central banks continued to pour capital in the global markets attempting to spark inflation @ @ @ @ @ @ @ This is like pumping Helium into a failing balloon attempting to keep it inflated and floating .
As long as the structure of the balloon does not rupture , it might hold up for a while longer .
Once the structure bursts , it ’ s all over .
With the housing market , the revaluation event that usually takes place is a contraction in price that usually lasts about 3.5 years .
Are we setting up another revaluation event in the housing market ?
Before you continue , be sure to opt-in @ @ @ @ @ @ @ this page , so you don ’ t miss our next special report & signal !
This Wilshire Real Estate Securities Chart highlights the dramatic collapse recently in Real Estate values .
Overall , a decline of this magnitude happened near the end of 2008 – at the height of the Credit collapse .
Given the scope of the COVID-19 virus event , we believe this initial collapse reflects a bigger impulse move that could extend for many months into the future .
A breakdown below the 160 level would suggest confidence in @ @ @ @ @ @ @ .
The Case-Shiller Index has yet to reflect any real stress on the US Real Estate market – yet we believe this is because current listing price levels have yet to reflect the changes taking place in the underlying market dynamics .
Unlike the 2008 credit crisis , where Real Estate was a major factor in the collapse the took place , this time the economic collapse is a result of a pandemic that is expanding out into broader sectors of the economy .
Changes in the Case-Shiller Index may not be seen @ @ @ @ @ @ @ The CPI chart suggests a broad decline in consumer costs of all items recently .
Pay attention to how deeply the CPI level contracts over the next few months .
Certain items may inflate while others deflate throughout 2020 .
We believe this is very likely as we believe a “ revaluation ” process is taking place throughout many global markets .
Real Estate , being one of the most expensive purchases anyone can make , will likely revalue as well .
This Retail Sales chart highlights one of the most dramatic downturns @ @ @ @ @ @ @ years .
The COVID-19 virus event is collapsing the economy in ways we ’ ve never experienced before .
A collapse in demand ( consumer retail and other purchases ) also collapses tax revenue , business earnings , global economic spending , and GDP .
Our research team believes the global GDP could contract by as much as 25 % to 30 % over the next 24+ months Right now , we are advising our clients to wait for stronger confirmed trading setups as we believe the current US market is still in @ @ @ @ @ @ @ to price levels and future trends .
There is still a moderate change the US Fed buying will prompt a bit more upside price trend , but our modeling systems and technical indicators are suggesting a “ double-dip ” low will form as the collateral damage continues to become known .
This is the time for skilled technical traders to play very conservatively with their capital and to target bigger trends when the setup .
The next 24+ months are certain to be full of incredible opportunities for skilled technical traders – yet @ @ @ @ @ @ @ ve already received emails from individuals who have taken aggressive trades in certain sectors and gotten burned .
Follow our research and please understand the markets will do what they are going to do .
Our job is to find the right opportunities and to capitalize on them for profits .
We suggest reading the following : One of the most interesting research articles we published in January 2020 was NASDAQ SET TO FALL 1000PTS IN EARLY 2020 , AND WHAT IT MEANS FOR GOLD : www.thetechnicaltraders.com/nasdaq-set-to-fall-1000pts-in-early-2020-and-what-it-means-for-gold/ Additionally , we published this article @ @ @ @ @ @ @ market peak to 1999 : www.thetechnicaltraders.com/current-rally-similarities-to-1999-are-we-nearing-a-top/ If you want to improve your accuracy and opportunities for success , then we urge you to visit www.TheTechnicalTraders.com to learn how you can enjoy our research and our members-only trading triggers ( see the first chart in this article ) .
If you are managing your retirement account or 401k , then we urge you to visit www.TheTechnicalInvestor.com to learn how to protect your assets and grow your wealth using our proprietary longer-term modeling systems .
Our goal is to help you find and create success @ @ @ @ @ @ @ closing , we would like to suggest that the next 5+ years are going to be incredible opportunities for skilled traders .
Remember , we ’ ve already mapped out price trends 10+ years into the future that we expect based on our advanced predictive modeling tools .
If our analysis is correct , skilled traders will be able to make a small fortune trading these trends and Metals will skyrocket .
The only way you ’ ll know which trades to take or not is to become a member .

by Chris Vermeulen of The Technical Traders
As we continue to digest economic and global data, our researchers have focused on Real Estate as we believe the contraction in the US economy, spanning corporate, main street, and millions of Americans, will quickly reflect in a slowing Real Estate market. Our researcher attempted to dive into the most recent data from Realtor.com (www.realtor.com/research/) to identify any trends or insights we could find to prepare for a broader contagion event.
Current data suggests the US Real Estate market has begun a dramatic slowdown even though the listing and pricing data does not reflect this data yet. In short, more homes are being pulled from active listings and those that are still listed are sellers that can wait out their price or are under pressure to sell because of other factors. Historically, Summer months typically result in a moderate decrease in price levels as more homes get listed for sale and “Days On Market” (DOM) lengthens. Something big is starting to take place almost everywhere in the US as current data suggests inventory is shrinking, price levels are still moderately high and DOM level has increased dramatically.
News of recent delinquencies in the mortgage market shows an incredible increase in the number of mortgages under pressure. We believe many borrowers will attempt to cash out of the market over the next 90+ days while price levels are high. Many of these borrowers will be rolling the dice while they hold onto their homes hoping the economy/jobs come back before the end of 2020 while they watch the value of their homes decline.
Overall, across the entire US, median listing price levels have increased 1% YoY while Days on Market has increased 6% YoY and Active Listings have decreased 15% YoY. Reading between the lines, this suggests to our researchers that sellers are trying to capture peak price levels while sales activity continues to decrease. This also suggests that buyers are shifting into a more conservative buying mode – waiting for the right deal, better prices, and more distressed sellers.
Locally, most of the major markets have seen an incredible change in listing price, DOM, and active listing data over the past 30+ days. This data represents the YoY data change related to data from April 11, 2020, to May 9, 2020. This data reflects how trends are changing and how total counts are changing – not total price level changes or total trend count changes on a YoY basis.
Our research team believes this data suggests sellers are still entering the market trying to take advantage of high price levels, yet they are not entering the market as quickly as they were 30+ days ago (hence the drop in new listing data). Additionally, the DOM increases suggest buyers are slowing their activities as well. Simple Supply and Demand theory suggests when prices are high and buyers begin to lose faith in future price increases – the cycle shifts from rising price levels to falling price levels as buyers begin to wait out the better deals and wait for the bottom in the markets to setup.
I was on TraderTV a few weeks back with Mr. Wonderful (Kevin O’Leary) and he talked about the issue with real estate and his way to deal with it in this video clip.
In Part II of this article, we’ll continue to explore more data that suggests the Real Estate sector may become a big part of the next phase of the global economic collapse. Early data suggests the market is shifting away from a seller’s market into a buyers market fairly quickly. If our research is correct, all segments of Real Estate will become a bigger problem for banks and the economy as the shutdown continues.
We suggest you read this article from March 2020, WE ARE CONCERNED ABOUT THE REAL ESTATE MARKET:
If our research is correct, this shift is taking place right now and will likely continue into Summer 2020 as Main Street and millions of businesses suffer from the COVID-19 virus shutdowns. Common sense would suggest an economic contraction reflecting millions in lost jobs, a major contraction in retail and other segments of the US economy and a severe issue with commercial real estate may lead to a broader contraction in residential real estate. Buyers slow their purchases as more homeowners come under increasing economic pressure, prices begin to decline, and the cycle shifts from a seller’s market to a buyers market.
Right now, we are advising our clients to wait for stronger confirmed trading setups as we believe the current US market is still in a no man’s land related to price levels and future trends. There is still a moderate change the US Fed buying will prompt a bit more upside price trend, but our modeling systems and technical indicators are suggesting a “double-dip” low will form as the collateral damage continues to become known. This is the time for skilled technical traders to play very conservatively with their capital and to target bigger trends when the setup.
The next 24+ months are certain to be full of incredible opportunities for skilled technical traders – yet also full of risks. We’ve already received emails from individuals who have been taking aggressive trades in certain sectors and gotten burned. Follow our research and please understand the markets will do what they are going to do. Our job is to find the right opportunities and to capitalize on them for profits.
I have to toot my own horn here a little because subscribers and I had our trading accounts close at a new high watermark for our accounts. We not only exited the equities market as it started to roll over, but we profited from the sell-off in a very controlled way. Also, we locked in more with this bounce in the markets, along with a move in natural gas and we are sitting with some gains in our new position in the next hot sector.
As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles in stocks and commodities. I believe I have a good pulse on the market and timing key turning points for investing and short-term swing traders. 2020 is going to be an incredible year for skilled traders. Don’t miss all the incredible moves and trade setups.
I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts. These simple to follow ETF swing trades have our trading accounts sitting at new high water marks yet again this week, not many traders can say that this year. Visit my Active ETF Trading Newsletter.
We all have trading accounts, and while our trading accounts are important, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during a time like this, you could lose 25-50% or more of your entire net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position.
If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals which we issued a new signal for subscribers.
Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.
*****
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PART II
*****
Continuing our multi-part article related to our belief the Real Estate sector is about become the next big segment to begin to collapse as a result of the COVID-19 virus event and the extended shutdowns taking place throughout the globe, we’ll continue to review the data and explore various options for skilled technical traders.
In Part I, we shared some recent data that suggests the housing market is starting to fracture at quite a fast rate. Today, we’ll explore additional data that could help us understand where opportunities exist and how to prepare for this potential second phase of a broader financial collapse.
Over the past few years, the housing market has continued to rally past almost everyone’s expectations. The COVID-19 virus event was simply a catalyst for a revaluation event within a hyper-inflated financial system. For nearly 20 years, global central banks continued to pour capital in the global markets attempting to spark inflation rates that supported rising interest rates. This is like pumping Helium into a failing balloon attempting to keep it inflated and floating. As long as the structure of the balloon does not rupture, it might hold up for a while longer. Once the structure bursts, it’s all over.
With the housing market, the revaluation event that usually takes place is a contraction in price that usually lasts about 3.5 years. Are we setting up another revaluation event in the housing market?
Before you continue, be sure to opt-in to our free-market trend signals
before leaving this page, so you don’t miss our next special report & signal!
WILSHIRE US REAL ESTATE SECURITIES CHART
This Wilshire Real Estate Securities Chart highlights the dramatic collapse recently in Real Estate values. Overall, a decline of this magnitude happened near the end of 2008 – at the height of the Credit collapse. Given the scope of the COVID-19 virus event, we believe this initial collapse reflects a bigger impulse move that could extend for many months into the future. A breakdown below the 160 level would suggest confidence in the Real Estate market has completely collapsed.
S&P CASE-SHILLER US NATIONAL HOME INDEX CHART
The Case-Shiller Index has yet to reflect any real stress on the US Real Estate market – yet we believe this is because current listing price levels have yet to reflect the changes taking place in the underlying market dynamics. Unlike the 2008 credit crisis, where Real Estate was a major factor in the collapse the took place, this time the economic collapse is a result of a pandemic that is expanding out into broader sectors of the economy. Changes in the Case-Shiller Index may not be seen for another 30 to 60+ days.
US CONSUMER PRICE INDEX CHART
The CPI chart suggests a broad decline in consumer costs of all items recently. Pay attention to how deeply the CPI level contracts over the next few months. Certain items may inflate while others deflate throughout 2020. We believe this is very likely as we believe a “revaluation” process is taking place throughout many global markets. Real Estate, being one of the most expensive purchases anyone can make, will likely revalue as well.
ADV. RETAIL SALES INDEX CHART
This Retail Sales chart highlights one of the most dramatic downturns in US history over the past 30+ years. The COVID-19 virus event is collapsing the economy in ways we’ve never experienced before. A collapse in demand (consumer retail and other purchases) also collapses tax revenue, business earnings, global economic spending, and GDP. Our research team believes the global GDP could contract by as much as 25% to 30% over the next 24+ months
CONCLUDING THOUGHTS:
Right now, we are advising our clients to wait for stronger confirmed trading setups as we believe the current US market is still in a no man’s land related to price levels and future trends. There is still a moderate change the US Fed buying will prompt a bit more upside price trend, but our modeling systems and technical indicators are suggesting a “double-dip” low will form as the collateral damage continues to become known. This is the time for skilled technical traders to play very conservatively with their capital and to target bigger trends when the setup.
The next 24+ months are certain to be full of incredible opportunities for skilled technical traders – yet also full of risks. We’ve already received emails from individuals who have taken aggressive trades in certain sectors and gotten burned. Follow our research and please understand the markets will do what they are going to do. Our job is to find the right opportunities and to capitalize on them for profits.
We suggest reading the following:
One of the most interesting research articles we published in January 2020 was NASDAQ SET TO FALL 1000PTS IN EARLY 2020, AND WHAT IT MEANS FOR GOLD: www.thetechnicaltraders.com/nasdaq-set-to-fall-1000pts-in-early-2020-and-what-it-means-for-gold/
Additionally, we published this article which highlighted the similarities of the current market peak to 1999: www.thetechnicaltraders.com/current-rally-similarities-to-1999-are-we-nearing-a-top/
If you want to improve your accuracy and opportunities for success, then we urge you to visit www.TheTechnicalTraders.com to learn how you can enjoy our research and our members-only trading triggers (see the first chart in this article). If you are managing your retirement account or 401k, then we urge you to visit www.TheTechnicalInvestor.com to learn how to protect your assets and grow your wealth using our proprietary longer-term modeling systems. Our goal is to help you find and create success – not to confuse you.
In closing, we would like to suggest that the next 5+ years are going to be incredible opportunities for skilled traders. Remember, we’ve already mapped out price trends 10+ years into the future that we expect based on our advanced predictive modeling tools. If our analysis is correct, skilled traders will be able to make a small fortune trading these trends and Metals will skyrocket. The only way you’ll know which trades to take or not is to become a member.
Chris Vermeulen
Chief Market Strategist
Founder of Technical Traders Ltd.


investmentwatchblog--2020-05-18--In the future will all central banks buy equities?

As the weather shows a few signs of picking up in London it appears that one central banker at least has overheated listening to Glen Frey on the radio .
Yes it is our favourite “ loose cannon on the decks ” which is the Bank of England Chief Economist Andy Haldane .
He has been quiet in recent times after his Grand Tour around the UK to take central banking to the people and get himself appointed as Governor was widely ignored .
But he is back .
LONDON ( Reuters ) – The Bank of England is looking @ @ @ @ @ @ @ interest rates and buying riskier assets to prop up the country ’ s economy as it slides into a deep coronavirus slump , the BoE ’ s chief economist was quoted as saying .
The Telegraph newspaper said the economist , Andy Haldane , refused to rule out the possibility of taking interest rates below zero and buying lower-quality financial assets under the central bank ’ s bond-buying programme .
There is a lot going on there and certainly enough for him to be summoned to the Governor ’ s study to explain @ @ @ @ @ @ @ said only a few days before .
Also as is his wont Andy had also contradicted himself .
So we have a lower bound for interest-rates but we are thinking of cutting below it ?
So it is not an effective lower bound then .
I can help him out with just a couple of letters as calling it an ineffective lower bound would fix it .
Of course Andy has experience of numbers slip-sliding away on his watch as the estimate of equilibrium unemployment has gone from 6.5 % to around 4.25 @ @ @ @ @ @ @ vague of late ) torpedoing his output gap theories .
Even worse of course it will now be going back up .
Time for him to move from Glen Frey to Kylie Minogue .
Then there is Andy ’ s hint about buying equities .
He has a problem with those who recall him pointing out he does not understand pensions so he would not be a stock picker more a tracker man .
Although of course in the UK in many ways that means the same thing .
For example if we @ @ @ @ @ @ @ just under £108 billion at the beginning of this month and Royal Dutch Shell some £95 billion whereas if we those bandying for the number 100 slot we are between £3 and £3.5 billion .
Then the FTSE 100 is over 80 % of the all-share so by now I think you will have figured that yet again such a policy would benefit big business .
Andy may not have done so as his “ Sledgehammer QE ” of 2016 dashed into such UK stalwarts as er Apple and Maersk .
An error @ @ @ @ @ @ @ Chair Powell of the US Federal Reserve was interviewed on 60 Minutes yesterday which was likely to be more like 40 minutes when you allow for adverts .
What did he say ?
Well after a really odd section on virology we got this burst of hype .
But I would just say this .
In the long run , and even in the medium run , you wouldn ’ t want to bet against the American economy .
This economy will recover .
And that means people will go back to work @ @ @ @ @ @ @ We ’ ll get through this .
It may take a while .
It may take a period of time .
It could stretch through the end of next year .
We really don ’ t know .
We hope that it will be shorter than that , but no one really knows .
Eyes will have turned to the hint that it might be in 2022 as that begs a lot of questions as to what the Federal Reserve might do in the meantime .
What about this for instance ?
“ @ @ @ @ @ @ @ leaving the door open to a change of mind .
This is in spite of the fact that in central banking terms this is quite a damning critique ( as it involves an implicit criticism of other central banks ) .
Also as section which is just plain wrong .
Let us now move onto what might be called the money shots .
POWELL : Well , there ’ s a lot more we can do .
We ’ ve done what we can as we go .
But I will say that @ @ @ @ @ @ @ by a long shot .
No , there ’ s really no limit to what we can do with these lending programs that we have .
So there ’ s a lot more we can do to support the economy , and we ’ re committed to doing everything we can as long as we need to .
The track record of central bankers using the phrase “ no limit ” is not good as the Swiss National Bank most famously found out .
But there was more and the emphasis below is @ @ @ @ @ @ @ on a losing streak desperately doubling down .
You do not need to take my word for it as we can take a look at a country which has been enthusiastically buying equities for a while now , which is Japan .
For example the Bank of Japan bought over 100 billion Yen ’ s worth as recently as Friday on its way to this .
As of the last update the Bank of Japan had bought some 31.4 trillion Yen of equity ETFs .
How is that going ?
That is from @ @ @ @ @ @ @ that does not do justice to an economy 2 % smaller than a year ago and seeing nominal GDP declines with a large national debt , well the FT is Japanese owned these days .
Meanwhile back in the real world the lost decade ( s ) carries on .
Why would you copy that ?
Yet we seem likely to do so…..

by Shaun Richards
As the weather shows a few signs of picking up in London it appears that one central banker at least has overheated listening to Glen Frey on the radio.
The heat is on, on the street
Inside your head, on every beat
And the beat’s so loud, deep inside
The pressure’s high, just to stay alive
‘Cause the heat is on
Yes it is our favourite “loose cannon on the decks” which is the Bank of England Chief Economist Andy Haldane. He has been quiet in recent times after his Grand Tour around the UK to take central banking to the people and get himself appointed as Governor was widely ignored. But he is back.
LONDON (Reuters) – The Bank of England is looking more urgently at options such as negative interest rates and buying riskier assets to prop up the country’s economy as it slides into a deep coronavirus slump, the BoE’s chief economist was quoted as saying. The Telegraph newspaper said the economist, Andy Haldane, refused to rule out the possibility of taking interest rates below zero and buying lower-quality financial assets under the central bank’s bond-buying programme.
There is a lot going on there and certainly enough for him to be summoned to the Governor’s study to explain why he contradicted what the Governor had said only a few days before. Also as is his wont Andy had also contradicted himself.
“The economy is weaker than a year ago and we are now at the effective lower bound, so in that sense it’s something we’ll need to look at – are looking at – with somewhat greater immediacy,” he said in an interview. “How could we not be?”
So we have a lower bound for interest-rates but we are thinking of cutting below it? So it is not an effective lower bound then. I can help him out with just a couple of letters as calling it an ineffective lower bound would fix it. Of course Andy has experience of numbers slip-sliding away on his watch as the estimate of equilibrium unemployment has gone from 6.5% to around 4.25% ( it has got a bit vague of late) torpedoing his output gap theories. Even worse of course it will now be going back up. Time for him to move from Glen Frey to Kylie Minogue.
I’m spinning around
Move outta my way
Then there is Andy’s hint about buying equities.
buying lower-quality financial assets
He has a problem with those who recall him pointing out he does not understand pensions so he would not be a stock picker more a tracker man. Although of course in the UK in many ways that means the same thing. For example if we look at Astra Zeneca it was worth just under £108 billion at the beginning of this month and Royal Dutch Shell some £95 billion whereas if we those bandying for the number 100 slot we are between £3 and £3.5 billion. Then the FTSE 100 is over 80% of the all-share so by now I think you will have figured that yet again such a policy would benefit big business. Andy may not have done so as his “Sledgehammer QE” of 2016 dashed into such UK stalwarts as er Apple and Maersk. An error being repeated in the current operations.
Chair Powell
Chair Powell of the US Federal Reserve was interviewed on 60 Minutes yesterday which was likely to be more like 40 minutes when you allow for adverts. What did he say? Well after a really odd section on virology we got this burst of hype.
But I would just say this. In the long run, and even in the medium run, you wouldn’t want to bet against the American economy. This economy will recover. And that means people will go back to work. Unemployment will get back down. We’ll get through this. It may take a while. It may take a period of time. It could stretch through the end of next year. We really don’t know. We hope that it will be shorter than that, but no one really knows.
Eyes will have turned to the hint that it might be in 2022 as that begs a lot of questions as to what the Federal Reserve might do in the meantime. What about this for instance?
We are primarily funded by readers. Please subscribe and donate to support us!
I continue to think, and my colleagues on the Federal Open Market Committee continue to think that negative interest rates is probably not an appropriate or useful policy for us here in the United States. ( Chair Powell)
“probably not” eh? That is leaving the door open to a change of mind. This is in spite of the fact that in central banking terms this is quite a damning critique ( as it involves an implicit criticism of other central banks).
The evidence on whether it helps is quite mixed.
Also as section which is just plain wrong.
PELLEY: So the banks would pay people to borrow money, essentially? POWELL: Yes.
Let us now move onto what might be called the money shots.
POWELL: Well, there’s a lot more we can do. We’ve done what we can as we go. But I will say that we’re not out of ammunition by a long shot. No, there’s really no limit to what we can do with these lending programs that we have. So there’s a lot more we can do to support the economy, and we’re committed to doing everything we can as long as we need to.
The track record of central bankers using the phrase “no limit” is not good as the Swiss National Bank most famously found out. But there was more and the emphasis below is mine.
POWELL: Well, to begin, the one thing we can certainly do is we can enlarge our existing lending programs. We can start new lending programs if need be. We can do that. There are things we can do in monetary policy. There are a number of dimensions where we can move to make policy even more accommodative. Through forward guidance, we can change our asset purchase strategy. There are just a lot of things that we can do.
Comment
Central bankers are like gamblers on a losing streak desperately doubling down. You do not need to take my word for it as we can take a look at a country which has been enthusiastically buying equities for a while now, which is Japan. For example the Bank of Japan bought over 100 billion Yen’s worth as recently as Friday on its way to this.
The Bank will actively purchase ETFs and J-REITs for the time being so that their amounts outstanding will increase at annual paces with the upper limit of about 12 trillion
yen and about 180 billion yen, respectively.
As of the last update the Bank of Japan had bought some 31.4 trillion Yen of equity ETFs. How is that going?
Japan fell into a technical recession in the first quarter for the first time since 2015
That is from the Financial Times. If you think that does not do justice to an economy 2% smaller than a year ago and seeing nominal GDP declines with a large national debt, well the FT is Japanese owned these days. Meanwhile back in the real world the lost decade(s) carries on.
Why would you copy that? Yet we seem likely to do so…..
Podcast on the UK Gilt Market


investmentwatchblog--2020-05-18--Supreme Court Held Vaccines Can Be Mandated

The Supreme Court in Jacobson v. Massachusetts , 197 U.S. 11 ( 1905 ) held that vaccines can be mandated @ @ @ @ @ and cons of vaccines , but the court ultimately concluded that whether vaccines were the @ @ @ @ @ effective ) method to combat measles was not in its power to decide .
Specifically @ @ @ @ @ “ there is scarcely any belief that is accepted by everyone.
” However , there @ @ @ @ @ vaccine effectiveness that vaccines could be mandated by legislatures like that city ’ s governing @ @ @ @ @ , the court stated vaccines very well may later be found to be unsafe/ineffective , @ @ @ @ @ elected officials at the time made it reasonable to mandate vaccines to combat smallpox in @ @

by Martin Armstrong
The Supreme Court in Jacobson v. Massachusetts, 197 U.S. 11 (1905) held that vaccines can be mandated. They acknowledged many pros and cons of vaccines, but the court ultimately concluded that whether vaccines were the best (or even an effective) method to combat measles was not in its power to decide. Specifically, the court wrote, “there is scarcely any belief that is accepted by everyone.” However, there was enough medical opinion of vaccine effectiveness that vaccines could be mandated by legislatures like that city’s governing council.
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In other words, the court stated vaccines very well may later be found to be unsafe/ineffective, but sufficient information analyzed by elected officials at the time made it reasonable to mandate vaccines to combat smallpox in 1905.


investmentwatchblog--2020-05-19--The FALL Of Las Vegas! – Jobs WIPED OUT As Governor Declares “Fiscal” State Of EMERGENCY

Josh Sigurdson talks with Kingsley Edwards , CEO of Flote about the fallout in Las Vegas , one of the world ’ s top tourist attractions as jobs have been wiped out and Governor Sisolak declares a fiscal state of emergency .
So essentially , he shut down all of the businesses and is now shocked that they have no money .
While the world is largely getting more Orwellian , Las Vegas isn ’ t as bad as many places , but it ’ s still bad considering the poverty rate .
More than 10 % of the state @ @ @ @ @ @ @ force participation rate , it ’ s likely much higher .
The national unemployment rate is just above 30 % , however it is likely as high as 40 % .
Mayor Goodman of Las Vegas has been fighting to open up Las Vegas while Governor Steve Sisolak continues to crack down .
He has a thing about trying to act like a Californian largely due to the power that he can wield and the vast number of Californians now living in Las Vegas .
We break down the latest from Vegas , @ @ @ @ @ @ @ as the vast censorship independent media is facing the in the face of this so-called pandemic .
The new social media Flote provides an important solution to this problem .

Josh Sigurdson talks with Kingsley Edwards, CEO of Flote about the fallout in Las Vegas, one of the world’s top tourist attractions as jobs have been wiped out and Governor Sisolak declares a fiscal state of emergency.
So essentially, he shut down all of the businesses and is now shocked that they have no money.
While the world is largely getting more Orwellian, Las Vegas isn’t as bad as many places, but it’s still bad considering the poverty rate.
More than 10% of the state is currently unemployed and with the labor force participation rate, it’s likely much higher. The national unemployment rate is just above 30%, however it is likely as high as 40%.
Mayor Goodman of Las Vegas has been fighting to open up Las Vegas while Governor Steve Sisolak continues to crack down. He has a thing about trying to act like a Californian largely due to the power that he can wield and the vast number of Californians now living in Las Vegas.
We break down the latest from Vegas, why WAM went to Mexico as well as the vast censorship independent media is facing the in the face of this so-called pandemic. The new social media Flote provides an important solution to this problem.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-05-20--WTF Actually Hell….Sullivan Appointed Prosecutor Allowed to Call Witness and Fact Find. Sick Pervers

WTF Actually Hell….Sullivan Appointed Prosecutor Allowed to Call Witness and Fact Find. Sick Perversion of Justice Here

This is so far outside the bounds of traditional judicial activity it is unprecedented .
In the case against Michael Flynn the court appointed amicus curiae , essentially a court appointed outside lawyer enlisted to prosecute the case despite the DOJ withdrawal motion , John Gleeson has now filed a motion requesting : ( 1 ) a briefing schedule , ( 2 ) oral arguments ; and ( 3 ) the possibility of interviewing witnesses .
Within Mr. Gleeson ’ s motion ( link here ) he will file his amicus brief on June 10th , and asks Judge Sullivan @ @ @ @ @ @ @ allow him to make oral arguments .
Why would John Gleeson get the chance for a hearing to make an oral argument within the court , yet Flynn ’ s defense team couldn ’ t get a hearing scheduled on his original motion to withdraw his plea ?
This is ridiculous .
In the traditional sense , to the extent that traditional applications can be considered in this bizarre situation , the amicus would present a written briefing to the court for the judge to consider ; and that ’ s it .
@ @ @ @ @ @ @ requesting his amicus status to be elevated to the position of intervening authority where he replaces the prosecution .
A request for a briefing schedule ?
The only purpose of Judge Sullivan allowing a briefing schedule would be to drag this case out as long as possible .
Perhaps that is the goal ; we shall see in his decision on this ridiculous request .
“ Any additional factual development ” would seem to imply Mr. Gleeson is planning to spend time investigating facts that are not currently before the court ; including @ @ @ @ @ @ @ .
If Judge Emett Sullivan grants anything even close to the requests within this motion he will be operating so far outside of judicial boundaries an appellate court must intervene .
Seriously , this is Lawfare madness in the extreme .

This is so far outside the bounds of traditional judicial activity it is unprecedented. In the case against Michael Flynn the court appointed amicus curiae, essentially a court appointed outside lawyer enlisted to prosecute the case despite the DOJ withdrawal motion, John Gleeson has now filed a motion requesting: (1) a briefing schedule, (2) oral arguments; and (3) the possibility of interviewing witnesses.
Within Mr. Gleeson’s motion (link here) he will file his amicus brief on June 10th, and asks Judge Sullivan to set up a briefing schedule and allow him to make oral arguments.
Why would John Gleeson get the chance for a hearing to make an oral argument within the court, yet Flynn’s defense team couldn’t get a hearing scheduled on his original motion to withdraw his plea? This is ridiculous.
In the traditional sense, to the extent that traditional applications can be considered in this bizarre situation, the amicus would present a written briefing to the court for the judge to consider; and that’s it. However, Mr. Gleeson appears to be requesting his amicus status to be elevated to the position of intervening authority where he replaces the prosecution.
We are primarily funded by readers. Please subscribe and donate to support us!
A request for a briefing schedule? The only purpose of Judge Sullivan allowing a briefing schedule would be to drag this case out as long as possible. Perhaps that is the goal; we shall see in his decision on this ridiculous request.
“Any additional factual development” would seem to imply Mr. Gleeson is planning to spend time investigating facts that are not currently before the court; including the possibility of Mr. Gleeson interviewing witnesses.
If Judge Emett Sullivan grants anything even close to the requests within this motion he will be operating so far outside of judicial boundaries an appellate court must intervene.
Seriously, this is Lawfare madness in the extreme.


investmentwatchblog--2020-05-20--Hacksawing The Economy: How Lockdowns Are In The Tradition Of Civil War Surgeons

Politicians and government health officials ’ justification for decreeing shutdowns of vast swaths of American life has been deterring the spread of COVID-19 .
According to Federal Reserve chairman Jerome Powell , almost 40 percent of households earning less than $ 40,000 per year have a member who has lost their job in recent months .
Depression , drug abuse , and suicide are spiking as a result of the lockdowns and “ shelter-in-place ” commands .
Infection rates and deaths have soared despite severe restrictions on daily life .
However , politicians and government health officials continue to claim @ @ @ @ @ @ @ been infected by COVID-19 .
Most of the media coverage applauds politicians and officials who champion extending lockdowns regardless of the collateral damage to American life .
The political response to COVID-19 is eerily similar to Civil War surgeons ’ rationales .
Amputation was the most common surgical practice during that war , and more than fifty thousand soldiers had limbs hacked off after battles .
Amputation was a reflexive “ solution , ” because limbs were sometimes shattered by Minié balls and also because that was the only trick that many untrained @ @ @ @ @ @ @ derided as butchers and were usually utterly negligent about hygiene , leading to far more unnecessary deaths .
Surgeons justified fetching out their hacksaws , because otherwise many soldiers would die from their gangrened wounds .
It didn ’ t matter how many soldiers died from unnecessary or botched amputations as long as surgeons didn ’ t get blamed for deaths from gangrene .
Politicians in many states are justifying their COVID-19 shutdowns with rationales that resemble those surgeons ’ .
It doesn ’ t matter how many individuals lose their jobs , @ @ @ @ @ @ @ the shutdowns .
As long as politicians claim that things would be worse if they had not amputated much of the economy , they can pirouette as saviors .
Actually , there is a closer analogy between the Civil War surgeons and contemporary politicians .
Politicians have razed much of the economy purportedly to prevent anyone from getting infected at some unknown point in the future .
This is like a Civil War surgeon sending his assistants to roam the countryside to seize hapless young men and saw off their arms in order @ @ @ @ @ @ @ future battles .
Here ’ s how New York governor Andrew Cuomo justified shutting down his state ’ s economy and confining almost 20 million people to their homes two months ago : “ If everything we do saves just one life , I ’ ll be happy.
” At the time of Cuomo ’ s decree , five or fewer people had tested positive for coronavirus in most counties in New York State .
Cuomo ’ s formula exemplifies how politicians reap media applause for dramatic actions that have little or nothing @ @ @ @ @ @ @ the same time that Cuomo practically put his state under house arrest , he also ordered New York nursing homes to admit COVID patients .
His disastrous dictate contributed to the more than five thousand COVID deaths in New York nursing homes .
Cuomo absolves himself , because some states have a higher percentage of COVID fatalities occurring in nursing homes than does New York—but no state has anywhere near five thousand dead in nursing homes .
Most of the media is still scoring Cuomo as a heroic benefactor thanks to his shutdown @ @ @ @ @ @ @ “ We have saved lives ” is also the self-exoneration trumpeted by Michigan governor Gretchen Whitmer after she imposed the most punitive restrictions in the nation .
Whitmer prohibited “ all public and private gatherings of any size ” ( prohibiting people from visiting friends ) and also prohibited purchasing seeds for spring planting in stores after she decreed that a “ nonessential ” activity .
( Purchasing state lottery tickets was still an “ essential ” activity , though . )
Many Michigan counties have less than a handful of COVID cases @ @ @ @ @ @ @ .
But their economies have been obliterated by Whitmer ’ s statewide decrees , which have driven unemployment up to 24 percent .
In the old days , politicians could always put forward some economist who had discovered a Keynesian “ multiplier ” to justify more boondoggle spending .
Nowadays , “ science ” is the magic word used to justify any and every restriction on American freedom .
Whitmer , for instance , exonerates herself : “ We ’ ve got to make decisions based on where the science leads us.
” @ @ @ @ @ @ @ seen a long series of debacles by “ science.
” The national response to the coronavirus threat was sabotaged , because incompetent Centers for Disease Control scientists contaminated key samples for creating a test in February and because Food and Drug Administration scientist-bureaucrats blocked innovative private testing .
It is also difficult to treat scientists ’ warnings and forecasts as originating on Mt .
Sinai when there is fierce dispute among experts about the most prudent policies to curb the pandemic .
Another parallel with Civil War surgeons is that contemporary politicians pay @ @ @ @ @ @ @ inflict .
Many crippled Union and Confederate soldiers spent decades hobbling around after the war .
It remains to be seen how many millions of Americans suffer long-term handicaps as a result of the draconian decrees now afflicting much of the nation .
But it is unlikely that politicians will ever be held liable for the lives they have unnecessarily maimed .
After Civil War battles , the tents where surgeons did their sawing were renowned as one of the most horrible places that many soldiers ever encountered .
Even those who recovered @ @ @ @ @ @ @ perpetual nightmares over the screaming they heard and the sight of the gory stacks of severed arms and legs .
In contrast , the politicians and government health czars who have shut down much of the nation ’ s economy have not witnessed such traumatic venues .
Instead , they have their meetings—perhaps on Zoom—and then issue decrees which their friends in the media are certain to applaud .
Unemployment rates are rising even faster than the amputation piles of the 1860s .
But the agony occurs far away from the palatial offices @ @ @ @ @ @ @ desperately agonize over pending rent and mortgage payments , and in the sinking businesses where owners see their life dreams dying week by week .

by James Bovard via Mises
Politicians and government health officials’ justification for decreeing shutdowns of vast swaths of American life has been deterring the spread of COVID-19. According to Federal Reserve chairman Jerome Powell, almost 40 percent of households earning less than $40,000 per year have a member who has lost their job in recent months. Depression, drug abuse, and suicide are spiking as a result of the lockdowns and “shelter-in-place” commands.
Infection rates and deaths have soared despite severe restrictions on daily life. However, politicians and government health officials continue to claim victory because otherwise more people would have been infected by COVID-19. Most of the media coverage applauds politicians and officials who champion extending lockdowns regardless of the collateral damage to American life.
The political response to COVID-19 is eerily similar to Civil War surgeons’ rationales. Amputation was the most common surgical practice during that war, and more than fifty thousand soldiers had limbs hacked off after battles. Amputation was a reflexive “solution,” because limbs were sometimes shattered by Minié balls and also because that was the only trick that many untrained “surgeons” knew. Surgeons were derided as butchers and were usually utterly negligent about hygiene, leading to far more unnecessary deaths.
Surgeons justified fetching out their hacksaws, because otherwise many soldiers would die from their gangrened wounds. It didn’t matter how many soldiers died from unnecessary or botched amputations as long as surgeons didn’t get blamed for deaths from gangrene.
Politicians in many states are justifying their COVID-19 shutdowns with rationales that resemble those surgeons’. It doesn’t matter how many individuals lose their jobs, businesses, or robust health due to the shutdowns. As long as politicians claim that things would be worse if they had not amputated much of the economy, they can pirouette as saviors.
Actually, there is a closer analogy between the Civil War surgeons and contemporary politicians. Politicians have razed much of the economy purportedly to prevent anyone from getting infected at some unknown point in the future. This is like a Civil War surgeon sending his assistants to roam the countryside to seize hapless young men and saw off their arms in order to prevent them from being casualties in future battles.
Here’s how New York governor Andrew Cuomo justified shutting down his state’s economy and confining almost 20 million people to their homes two months ago: “If everything we do saves just one life, I’ll be happy.” At the time of Cuomo’s decree, five or fewer people had tested positive for coronavirus in most counties in New York State. Cuomo’s formula exemplifies how politicians reap media applause for dramatic actions that have little or nothing to do with public safety.
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At the same time that Cuomo practically put his state under house arrest, he also ordered New York nursing homes to admit COVID patients. His disastrous dictate contributed to the more than five thousand COVID deaths in New York nursing homes. Cuomo absolves himself, because some states have a higher percentage of COVID fatalities occurring in nursing homes than does New York—but no state has anywhere near five thousand dead in nursing homes. Most of the media is still scoring Cuomo as a heroic benefactor thanks to his shutdown to save “just one life.”
“We have saved lives” is also the self-exoneration trumpeted by Michigan governor Gretchen Whitmer after she imposed the most punitive restrictions in the nation. Whitmer prohibited “all public and private gatherings of any size” (prohibiting people from visiting friends) and also prohibited purchasing seeds for spring planting in stores after she decreed that a “nonessential” activity. (Purchasing state lottery tickets was still an “essential” activity, though.) Many Michigan counties have less than a handful of COVID cases and have had few if any fatalities. But their economies have been obliterated by Whitmer’s statewide decrees, which have driven unemployment up to 24 percent.
In the old days, politicians could always put forward some economist who had discovered a Keynesian “multiplier” to justify more boondoggle spending. Nowadays, “science” is the magic word used to justify any and every restriction on American freedom.
Whitmer, for instance, exonerates herself: “We’ve got to make decisions based on where the science leads us.” Unfortunately, the COVID-19 pandemic has already seen a long series of debacles by “science.” The national response to the coronavirus threat was sabotaged, because incompetent Centers for Disease Control scientists contaminated key samples for creating a test in February and because Food and Drug Administration scientist-bureaucrats blocked innovative private testing. It is also difficult to treat scientists’ warnings and forecasts as originating on Mt. Sinai when there is fierce dispute among experts about the most prudent policies to curb the pandemic.
Another parallel with Civil War surgeons is that contemporary politicians pay no price for the unnecessary damage they inflict. Many crippled Union and Confederate soldiers spent decades hobbling around after the war. It remains to be seen how many millions of Americans suffer long-term handicaps as a result of the draconian decrees now afflicting much of the nation. But it is unlikely that politicians will ever be held liable for the lives they have unnecessarily maimed.
After Civil War battles, the tents where surgeons did their sawing were renowned as one of the most horrible places that many soldiers ever encountered. Even those who recovered from their wounds were often left with perpetual nightmares over the screaming they heard and the sight of the gory stacks of severed arms and legs.
In contrast, the politicians and government health czars who have shut down much of the nation’s economy have not witnessed such traumatic venues. Instead, they have their meetings—perhaps on Zoom—and then issue decrees which their friends in the media are certain to applaud. Unemployment rates are rising even faster than the amputation piles of the 1860s. But the agony occurs far away from the palatial offices that governors enjoy—in quiet homes where families desperately agonize over pending rent and mortgage payments, and in the sinking businesses where owners see their life dreams dying week by week.


investmentwatchblog--2020-05-20--46 Minutes of Joe Biden talking nonsense. Worth every minute!

The sad part is this really is the best the Democrats have to offer .

by Lion_partyUSA
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The sad part is this really is the best the Democrats have to offer.


investmentwatchblog--2020-05-20--Bond investors balk at use of ‘ebitdac’ to skirt debt restrictions …growing trend of companies repor

Bond investors balk at use of ‘ebitdac’ to skirt debt restrictions …growing trend of companies reporting “earnings before coronavirus” [FT]

Bond investors have hit out at the growing trend of companies reporting “ earnings before coronavirus ” , warning that this new pandemic-era financial metric could allow businesses to use imaginary numbers to raise more debt than they can handle .
Fund managers have long complained about the heavy adjustments riskier companies make to their earnings when borrowing from the high-yield bond market , often as part of an attempt by their private-equity owners to massage leverage levels — or the ratio of debt to operating profits — to make buyouts look safer .
But several companies recently pushed this @ @ @ @ @ @ @ ebitdac ” — earnings before interest , tax , depreciation , amortisation and coronavirus — for the first quarter of 2020 .
The number is supposed to reflect profits the companies believe they would have made , were it not for virus-related lockdowns and disruptions to supply chains .
The European Leveraged Finance Association , a group representing investors in higher-risk corporate bonds and loans , has warned that it would be “ inappropriate ” for companies to use the metric to calculate how much debt they are allowed to raise under their @ @ @ @

Bond investors have hit out at the growing trend of companies reporting “ earnings before coronavirus ”, warning that this new pandemic-era financial metric could allow businesses to use imaginary numbers to raise more debt than they can handle.
Fund managers have long complained about the heavy adjustments riskier companies make to their earnings when borrowing from the high-yield bond market, often as part of an attempt by their private-equity owners to massage leverage levels — or the ratio of debt to operating profits — to make buyouts look safer.
But several companies recently pushed this one stage further by reporting their “ebitdac” — earnings before interest, tax, depreciation, amortisation and coronavirus — for the first quarter of 2020. The number is supposed to reflect profits the companies believe they would have made, were it not for virus-related lockdowns and disruptions to supply chains.
The European Leveraged Finance Association, a group representing investors in higher-risk corporate bonds and loans, has warned that it would be “inappropriate” for companies to use the metric to calculate how much debt they are allowed to raise under their arrangements with lenders.


investmentwatchblog--2020-05-20--38% of Arkansas church infected by virus in week…  Priests infected at reopened Texas church

35 of the 92 people ( 38 % ) who attended services at a rural Arkansas church March 6–11 tested positive for the coronavirus , ultimately killing three , according to a case study released Tuesday by the CDC .
Why it matters : Places of worship continue to be a problem for controlling the widespread transmission of the coronavirus , especially as some churches and local government officials push to loosen restrictions on religious gatherings .
• Contact tracing found that an additional 26 people were infected after interacting with attendees of the church , and one person from @ @ @ @ @ @ @ the cases were aged 19 and older .
• Both the pastor and his wife developed coronavirus symptoms and closed the church indefinitely on March 12 .
HOUSTON ( AP ) — A Catholic church in Houston has closed its doors after five of its leaders tested positive for COVID-19 , including two priests who had helped celebrate public masses which had resumed earlier this month .
The closure and positive tests come after a priest from Holy Ghost parish , 79-year-old Donnell Kirchner , died last week .
He was diagnosed with @ @ @ @ @ @ @ whether he might have contracted the virus before he died May 13 .
Kirchner went to an urgent care clinic and later to a hospital emergency room .
But after being released , he went back to the home he shared with members of his religious order , the Archdiocese of Galveston-Houston said Monday in a statement .
Masses at the church had resumed May 2 as part of Gov .
Greg Abbott ’ s plan to reopen the state in phases from coronavirus restrictions .
Sunday masses had never exceeded 179 people @ @ @ @ @ @ @ church ’ s seating capacity , the diocese said .

CDC: Arkansas coronavirus outbreak linked to church services
35 of the 92 people (38%) who attended services at a rural Arkansas church March 6–11 tested positive for the coronavirus, ultimately killing three, according to a case study released Tuesday by the CDC.
Why it matters: Places of worship continue to be a problem for controlling the widespread transmission of the coronavirus, especially as some churches and local government officials push to loosen restrictions on religious gatherings.
Contact tracing found that an additional 26 people were infected after interacting with attendees of the church, and one person from that group died.
Most of the cases were aged 19 and older.
Both the pastor and his wife developed coronavirus symptoms and closed the church indefinitely on March 12.
Catholic church closes after priests get coronavirus
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HOUSTON (AP) — A Catholic church in Houston has closed its doors after five of its leaders tested positive for COVID-19, including two priests who had helped celebrate public masses which had resumed earlier this month.
The closure and positive tests come after a priest from Holy Ghost parish, 79-year-old Donnell Kirchner, died last week. He was diagnosed with pneumonia, but health officials are determining whether he might have contracted the virus before he died May 13.
Kirchner went to an urgent care clinic and later to a hospital emergency room. But after being released, he went back to the home he shared with members of his religious order, the Archdiocese of Galveston-Houston said Monday in a statement.
Masses at the church had resumed May 2 as part of Gov. Greg Abbott’s plan to reopen the state in phases from coronavirus restrictions. Sunday masses had never exceeded 179 people, or about 20% of the church’s seating capacity, the diocese said.