investmentwatchblog--2020-05-27--New Zealand Reserve Bank: Unemployment could rise to 18 per cent, house prices could HALVE, and the

New Zealand Reserve Bank: Unemployment could rise to 18 per cent, house prices could HALVE, and the viability of the banks could be “called into question” if the coronavirus prompted a further period of economic lockdowns

Unemployment could rise to 18 per cent , house prices could halve , and the viability of the banks could @ @ @ @ @ ” if the coronavirus prompted a further period of economic lockdowns , the Reserve Bank @ @ @ @ @ Bank said in the central bank ’ s annual report on financial stability published on @ @ @ @ @ well with the coronavirus pandemic so far .
But under “ severe enough scenarios , @ @ @ @ @ come into question ” , it warned .
In the event of its worst-case lockdown @ @ @ @ @ that , without significant and timely mitigating actions , banks would fall below minimum capital @ @ @ @ @ ” it said .
The Reserve Bank has also cautioned that some other financial institutions @ @ @ @ @ public , and some life insurers , are already more vulnerable .

Unemployment could rise to 18 per cent, house prices could halve, and the viability of the banks could be “called into question” if the coronavirus prompted a further period of economic lockdowns, the Reserve Bank has warned.
The Reserve Bank said in the central bank’s annual report on financial stability published on Wednesday that banks had coped well with the coronavirus pandemic so far.
But under “severe enough scenarios, the viability of banks would come into question”, it warned.
We are primarily funded by readers. Please subscribe and donate to support us!
In the event of its worst-case lockdown scenario “initial modelling suggests that, without significant and timely mitigating actions, banks would fall below minimum capital requirements under this scenario,” it said.
The Reserve Bank has also cautioned that some other financial institutions that take deposits from the public, and some life insurers, are already more vulnerable.
www.stuff.co.nz/business/121635138/insurers-and-nonbank-deposit-takers-reserve-banks-biggest-worry


investmentwatchblog--2020-05-27--This is a fascinating read, and Communist China’s similar propaganda effort on the Wuhan Virus just

This is a fascinating read, and Communist China’s similar propaganda effort on the Wuhan Virus just goes to show that commies never change.

HISTORY : Lessons From Operation ‘ Denver , ’ the KGB ’ s Massive AIDS Disinformation Campaign .
“ Historian Douglas Selvage sheds light on a conspiracy theory that reverberates to this day.
” In September 1985 , the Soviet State Security Committee ( KGB ) informed other Warsaw Pact foreign intelligence agencies that it had launched a new , major disinformation campaign .
“ We are carrying out a complex of [ active ] measures in connection with the appearance in recent years of a new dangerous disease in the USA known as AIDS ( Acquired Immunodeficiency Syndrome ) @ @ @ @ @ @ @ the goal of the measures is to create a favorable opinion for us abroad — namely , that this disease is the result of secret experiments by the USA ’ s secret services and the Pentagon with new types of biological weapons that have spun out of control.
” Most likely , the KGB had initiated the disinformation campaign as early as 1983 , but the September 1985 document — obtained by Christopher Nehring from the former Bulgarian State Security archive — is the earliest conclusive evidence that has turned up so far @

HISTORY: Lessons From Operation ‘Denver,’ the KGB’s Massive AIDS Disinformation Campaign. “Historian Douglas Selvage sheds light on a conspiracy theory that reverberates to this day.”
In September 1985, the Soviet State Security Committee (KGB) informed other Warsaw Pact foreign intelligence agencies that it had launched a new, major disinformation campaign. “We are carrying out a complex of [active] measures in connection with the appearance in recent years of a new dangerous disease in the USA known as AIDS (Acquired Immunodeficiency Syndrome).” The KGB explained that “the goal of the measures is to create a favorable opinion for us abroad — namely, that this disease is the result of secret experiments by the USA’s secret services and the Pentagon with new types of biological weapons that have spun out of control.” Most likely, the KGB had initiated the disinformation campaign as early as 1983, but the September 1985 document — obtained by Christopher Nehring from the former Bulgarian State Security archive — is the earliest conclusive evidence that has turned up so far.


investmentwatchblog--2020-05-27--California Democrats are poised to throw away a lot of Asian American votes.

MIKE GONZALEZ : Why Fomenting Identity Politics Matters More to Democrats than Asian Americans .
California ’ s legislature is trying , yet again , to bring back racial preferences in college admissions .
Never mind that its residents overwhelmingly approved a ban against such discrimination in a referendum .
If lawmakers succeed , they will penalize Chinese Americans , a growing force in the state .
So why such dogged determination that could backfire politically ?
Several forces are at work here .
One is that without such inducements as the racial preferences of affirmative action , the whole @ @ @ @ @ @ @ Those who are intent on transforming America ’ s institutions , culture , and economic system need to preserve the division of society into antagonistic groups .
Anathema to them is the ability of people of any race to succeed individually .
The interest of the purveyors of identity politics is to replace the American narrative — which they dub “ hegemonic ” — with a counter-narrative , which is anti-capitalist and anti-individual rights .
Identity Politics Is More Important than Votes So people have to be suborned to stay within the confines @ @ @ @ @ @ @ a way that replaces America ’ s structures .
Nobody can be co-opted into the American narrative .
The ultimate political goal of making America more collectivist , and making Americans less reliant on individual striving and more dependent on government , is paramount .
It trumps the loss of some votes here and there .
This is especially the case if such erosion of support can be minimized by “ Asian American ” affinity groups , such as Asian Americans Advancing Justice ( AAJC ) , which pushes racial preferences .
This @ @ @ @ @ @ @ power push in the middle of a pandemic .
Chinese Americans , however , have for a decade now become a force in the fight against racial preferences , standing up real grassroots groups that threaten the monopoly of organizations such as AAJC .
For that , they have relied on mass protests in Boston , conferences in Washington , government hearings in Hartford , and organizing efforts in California .
Will coronavirus lockdowns stymie the work of these grassroots groups ?
The signs are good .
Californians of all colors who understand @ @ @ @ @ @ @ and through Zoom meetings to ensure the legislature does not revoke Proposition 209 .
In 1996 , Californians passed that resolution banning the use of race , ethnicity , or sex in university admission selections with a comfortable 10 percent margin .

MIKE GONZALEZ: Why Fomenting Identity Politics Matters More to Democrats than Asian Americans.
California’s legislature is trying, yet again, to bring back racial preferences in college admissions. Never mind that its residents overwhelmingly approved a ban against such discrimination in a referendum. If lawmakers succeed, they will penalize Chinese Americans, a growing force in the state. So why such dogged determination that could backfire politically?
Several forces are at work here. One is that without such inducements as the racial preferences of affirmative action, the whole structure of identity politics eventually collapses. Those who are intent on transforming America’s institutions, culture, and economic system need to preserve the division of society into antagonistic groups.
Anathema to them is the ability of people of any race to succeed individually. The interest of the purveyors of identity politics is to replace the American narrative — which they dub “hegemonic” — with a counter-narrative, which is anti-capitalist and anti-individual rights.
Identity Politics Is More Important than Votes
So people have to be suborned to stay within the confines of their groups and rise collectively in a way that replaces America’s structures. Nobody can be co-opted into the American narrative.
The ultimate political goal of making America more collectivist, and making Americans less reliant on individual striving and more dependent on government, is paramount. It trumps the loss of some votes here and there. This is especially the case if such erosion of support can be minimized by “Asian American” affinity groups, such as Asian Americans Advancing Justice (AAJC), which pushes racial preferences.
This is what is behind such a naked power push in the middle of a pandemic. Chinese Americans, however, have for a decade now become a force in the fight against racial preferences, standing up real grassroots groups that threaten the monopoly of organizations such as AAJC.
For that, they have relied on mass protests in Boston, conferences in Washington, government hearings in Hartford, and organizing efforts in California. Will coronavirus lockdowns stymie the work of these grassroots groups?
The signs are good. Californians of all colors who understand what is at stake are organizing online and through Zoom meetings to ensure the legislature does not revoke Proposition 209. In 1996, Californians passed that resolution banning the use of race, ethnicity, or sex in university admission selections with a comfortable 10 percent margin.


investmentwatchblog--2020-05-27--If you get Coronavirus, you may never fully recover.

Disappointed to see that a lot of people are still shrugging off COVID-19 as just another “ cold ” or hoax , and think that even if they get it , they ’ ll just go asymptomatic or have flu-like symptoms at worse .
Influential music artist Brad Jordan is 49 years old , a COVID-19 survivor , and will now go on dialysis four times a week , three hours each time , for the rest of his life .
Basically , he ’ s going to spend twelve hours every week getting salt and wastewater pumped out of @ @ @ @ @ @ @ he dies .
Even those who are young , healthy , have no underlying conditions , and have survived COVID-19 may come out with permanent lung damage , suffer from heart and kidney failure , and experience traumatic Post-Intensive Care syndrome .
If you get Coronavirus , you may never fully recover .
It ’ s better to never get it in the first place .
Houston rapper Scarface is urging everyone to take the coronavirus pandemic seriously after he tested positive for COVID-19 .
The rapper , whose real name is Brad @ @ @ @ @ @ @ Boys member Willie D about his condition , detailing how he grappled with a number of symptoms—including pneumonia and kidney failure—before testing positive for the virus .
“ This whole three weeks have been an ordeal , ” Jordan said .
“ It ’ s the craziest sh-t I have ever done and seen in my life .
I ’ ve been to the point where I just felt like I was just gon na die.
” The rapper described being unable to breathe and continuously vomiting .
Things were made worse when @ @ @ @ @ @ @ time for coronavirus after his first test was misplaced .

by Jippybonny
Disappointed to see that a lot of people are still shrugging off COVID-19 as just another “cold” or hoax, and think that even if they get it, they’ll just go asymptomatic or have flu-like symptoms at worse.
So hear this:
Influential music artist Brad Jordan is 49 years old, a COVID-19 survivor, and will now go on dialysis four times a week, three hours each time, for the rest of his life.
We are primarily funded by readers. Please subscribe and donate to support us!
Basically, he’s going to spend twelve hours every week getting salt and wastewater pumped out of his kidneys right up until the day he dies.
Even those who are young, healthy, have no underlying conditions, and have survived COVID-19 may come out with permanent lung damage, suffer from heart and kidney failure, and experience traumatic Post-Intensive Care syndrome.
If you get Coronavirus, you may never fully recover. It’s better to never get it in the first place.
Houston rapper Scarface is urging everyone to take the coronavirus pandemic seriously after he tested positive for COVID-19. The rapper, whose real name is Brad Jordan, opened up to fellow Geto Boys member Willie D about his condition, detailing how he grappled with a number of symptoms—including pneumonia and kidney failure—before testing positive for the virus. “This whole three weeks have been an ordeal,” Jordan said. “It’s the craziest sh-t I have ever done and seen in my life. I’ve been to the point where I just felt like I was just gonna die.” The rapper described being unable to breathe and continuously vomiting. Things were made worse when he had to be tested a second time for coronavirus after his first test was misplaced.


investmentwatchblog--2020-05-27--An Epocalypse Upon Us

An Epocalypse Upon Us

I ’ ve missed a few predictions along the way , but usually only in part .
When I missed , it was because I took the bad too far .
The bad has almost always happened exactly when I said it would but hasn ’ t always been as bad as I said it would be .
Now , it has all arrived and is turning out to be fully as bad as I said it would be .
It took the kick of a virus to set everything in place , but all the parts are now falling @ @ @ @ @ @ @ next recession began .
I ’ ve overestimated how dark times would get because I was anticipating the collapse of the Fed ’ s huge distortions in the economy — the Everything Bubble .
However , the Fed reversed course or stopped doing what it said it would do each time the Everything Bubble started to fold in on itself .
The Fed , too , saw calamity on the horizon from its own missteps , but only after economic collapse started to emerge from the shadows of future time into the present @ @ @ @ @ @ @ even stop the catastrophe it helped set up .
In 2015 , for example , I wrote , The market did break back in 2015 when I said it would , but it fell only 10 % .
It was , however , much more than a mere correction because it did not recover for a very long time .
After a long period of rising , the market took to big plunges and did not recovery until the Trump Rally accomplished what few were expecting ( including me ) : Generally bad @ @ @ @ @ @ @ had been for years , but not the “ Epocalypse ” I had predicted .
Maybe my swing at that one was less than a strike and more of a foul with a chance to take another swing now that the Trump Rally is toast because it was a pretty significant break .
The Trump Rally , due to its massive tax cuts that fueled huge stock buybacks ( as well as the early hope that those were coming ) , pulled us out of the malaise we entered in late 2014 and @ @ @ @ @ @ @ 2015 and again in 2016 .
The rally was fueled on supercharged national debt , yet it still didn ’ t get us above about 2 % GDP growth on a sustained basis .
While it looked great for stocks , it looked mediocre for the economy and gradually got worse .
The resumption of the Trump Rally after the market broke in to a full-on bear market this year , required a rapid startup of even greater debt issuance by the government and the Fed on a scale we ’ ve never @ @ @ @ @ @ @ massive doses will be required to sustain the new rally because the economy has been moving in the opposite direction at a great rate of collapse and , so , the economy is far from sustaining rebounding stock valuations or payments on the debt .
What we are witnessing is entirely debt-funded market growth .
Without a lot of longterm economic growth , the rally is far from sustainable without constant debt financing , and the debt is rising much faster than the market ’ s total valuation .
With tax revenues falling @ @ @ @ @ @ @ , which is growing to replace the lost revenues , it ’ s a train wreck .
While it ’ s possible all this new debt pumped into stock prices will push the market up higher than it was before for awhile , it is not what I am betting on as most likely because I think the Fed is deep into diminishing returns .
At the same time , I think there is no hope the Fed brings the economy fully back to the paltry 2 % growth we were enjoying under @ @ @ @ @ @ @ the stock market being different things ) .
I think the greater likelihood is that the Fed loses control of everything because the negative side-effects of its interventions outweigh the good .
With that in mind , I ’ m going review my past predictions of the Epocalypse , by which I meant an epic and epochal and apocalyptic economic collapse ( all of those words and sounds being found in that one word and all befitting what I believe is coming upon us ) .
Let ’ s see how close that @ @ @ @ @ @ @ looked to the actual recession that is now forming .
We saw that breakdown begin , just as I said it would , when the Fed started raising interest rates and rewinding its quantitative easing .
Now , I ’ ll go further and say the illusion of recovery at this point will begin to break up even as the Fed returns to life support in more frequent doses and in greater amounts and in a wider array of ways than ever before as it adds new forms it has never tried .
@ @ @ @ @ @ @ Epocalypse is certain That is the crux of my whole view right there : We did nothing to right the problems that caused the last recession .
We actually made them worse in order to avoid the pain of correction– banks too big to fail , mountains of debt that demand extreme low interest just too remain serviceable , stagnant real incomes to support that debt , houses priced back up to levels that can not be exceeded in the face of stagnant incomes without deep erosion of lending standards , stock valuations @ @ @ @ @ @ @ improving business fundamentals , tricky corporate bookkeeping instead of GAAP reporting , greedy crooked people who never paid for what they brought upon the world from 2007-2009 so they continued doing it ( moral hazard ) , deregulation that let greed prevail , including particularly the allowance of banks to participate in purchasing stocks through the repeal of Glass-Steagall , central-planning of the economy by the Federal Reserve , which focused all its rescue efforts on widening the wealth gap between the rich and the rest .
And real earnings didn ’ t @ @ @ @ @ @ @ either .
We kept all of that in place or made it worse , but we kept the economy and the stock market going with the Fed ’ s artificial life support .
Therefore , once FedMed fails to keep propping us up , all the fluff that was built on top of its artificial support starts to give way because we spent the time they bought us increasing the number of economic fault lines beneath the economy .
The destruction from all of that has enormous potential .
Of course , the @ @ @ @ @ @ @ do “ whatever it takes , ” and so will the government , and that is exactly what we see right now .
We thought the last recovery efforts were astounding , but the present Fed interventions dwarf them .
Because mankind is finite , however , our capacity to deny the realities we are creating puts us in peril of worse realities down the road when we reach the limit of our abilities to intervene on our own behalves .
Leading up to my first Epocalypse article , I made the following @ @ @ @ @ @ @ began : Here is what I said the Epocalypse would look like : The following began in October of 2015 , long before Donald J. Trump was elected : Who can not see in all of that the movements that have already begun using police to enforce greater control over a populace that has readily given up its constitutional right to assemble ( in order to protest the very social shutdown that doesn ’ t allow public assembly any longer ) and the right to practice religion freely ( religion being for many @ @ @ @ @ @ @ rather than just an individual event ) , and the right to free speech as Google , Facebook and Twitter , at the government ’ s insistence , have all clamped down on writing ( including my own ) about coronavirus that is deemed dangerous for the public because it does not fit the WHO/CDC party line.
” ( I was actually told this week not to write on that subject any more for a certain website because Google was pulling all of their articles on that subject out of their otherwise high @ @ @ @ @ @ @ time , you can see the revolt against this intensified globalized control but also see that the revolt has minuscule numbers compared to the number of people willing to yield their freedoms without so much as a question for the sake of a sense of security .
In terms of rising conflict , we see people who are willing even to rat on their neighbors for not conforming by wearing a mask or for peaceably assembling to protest the social constraints so easily and immediately placed over the entire world .
We ’ @ @ @ @ @ @ @ a greatly intensified push toward electronic currency on the excuse presented by the virus that “ cash is dirty.
” In my next article on the Epocalypse , I went into further detail than the broad sweeps above : Here the Fed , immediately leaped back into rescue operations greater than any ever seen to start sopping up all this excessive and sloppy debt that their recovery plan had enticed into being in the first place as the foundation of their recovery .
Those failings were reported as the mere buds of trends @ @ @ @ @ @ @ certainly did continue to grow relentlessly into trends in the four-plus years that followed , getting worse from one year to the next without reprieve .
Flight to gold is the kind of move investors make when they are battening down the hatches for a storm .
In the past few months we ’ ve seen one of the strongest flights to cash and gold in modern history .
It has only been restrained by the lack of a sufficient gold supply to fill the demand .
Here are other supertrends I said @ @ @ @ @ @ @ the diminishing power of QE now in a way far more dramatic than most people would have guessed .
During the first two weeks of the Coronacrisis , we saw the Fed throw more quantitative easing at the problem than it ever had in the same timeframe , yet the market turned up its nose and continued to descend .
The Fed had no effect until the US government joined it with massive fiscal stimulus .
Even then , I think the market ’ s arrest came more because it had fallen about @ @ @ @ @ @ @ a major crash before taking a rest and starting a large bear-market rally .
We have yet to see if the super combo of Fed and government will pull off a another recovery , but they have already intervened as much in their combo of quantitative easing and fiscal stimulus in a variety of forms as all of the QE and stimulus done in QE1-3 during the first several years of the Great Recession .
And they have done it with far smaller effect .
While we saw a foreshadowing of this emerge @ @ @ @ @ @ @ what the next recession would look like , it did not emerge under the withdrawal of QE as quickly or completely as I thought it would .
But it did get there , and it did lead the way into the present recession .
We saw it rise as an unexpected monstrosity last fall , which I and few others named “ The Repocalypse.
” ( Not sure who said it first . )
That is to say , the Repo Crisis was unexpected by the vast majority , but not here , @ @ @ @ @ @ @ development that would occur during the Fed ’ s quantitative tightening ( QT ) .
I said it would have as much impact going into the next ( now present ) recession as it did going into the Great Recession .
The outburst of the Repo Crisis in September certainly caught the Fed off guard .
Worse still , the Fed was unable to put it down — so great was its undertow — until the Fed acquiesced and launched the greatest QE in the history of the world in answer to the @ @ @ @ @ @ @ to call QE4ever because it is by far greater than other rounds of QE and can never end without bringing calamity — calamity that I don ’ t believe can now be averted even with it .
I said very little about that one — simply that it would play a big role in the next global economic downturn , and it certainly is .
I noted Chinese steel and US oil and companies like industrial giant Caterpillar playing the leading-name roles in the parts of industry we would see crumble most .
@ @ @ @ @ @ @ , who would try to argue that those focal points of industry have been on center stage in the global economic shutdown that eventually happened ?
They were the right focal points to identify .
Throughout 2019 , we saw the industrial sector of the US economy sink into recession even before the Coronacrisis .
It officially hit recession status in summer of 2019 and stayed there .
I felt that part bore repeating because it would be the single worst aspect of the next Great Recession — inability of all the world @ @ @ @ @ @ @ recession because they were already showing signs of losing their mojo back then .
In my next article in the series , I went on to describe the problems that would come because of the “ mountain of debt ” that was “ banked up against the entire global economy.
” That mountain would become especially formidable to emerging-market nations because much of their debt is denominated in US dollars , leaving them at the mercy of an increasingly strong US dollar : That price of money can go up for two reasons @ @ @ @ @ @ @ a loan/bond that has to be refinanced or on a loan that has variable interest or because exchange rates make those debts more expensive .
If a business in Brazil , for example , takes out a loan with an international US bank , that business earns its revenue in reals , but has to repay the loan in dollars .
( Of course , deflation could make the price of the loan go up in terms of inflation-adjusted dollars , too ; but in the case of international loans , inflation/deflation over @ @ @ @ @ @ @ exchange rate . )
We aren ’ t seeing the serious impact of this yet , but those days are dawning now , so this will be a factor that makes it harder to climb out of the present recession .
It is likely to play out as resentment between the younger working generation that has to pay all the debt unfairly heaped upon it and the retiring generation that did the heaping .
Expect some clawback , adding to the fore-described social unrest !
I was careful to say the whole scenario @ @ @ @ @ @ @ all at once : The mountain didn ’ t slide all at once , but it did start to move back then .
You can see the major pieces that started sluffing away back then have turned out to be the major pieces that are moving at greater speed now .
The reason the mountain of troubles didn ’ t move as much as I said right off was because the Fed did not initially do as much as it led everyone to believe it would do in tightening .
When it finally @ @ @ @ @ @ @ cracks began to appear all over the mountainside , even though the Fed had said it ’ s tightening would continue on autopilot for another year beyond where we are now and that the whole event would be “ as boring as watching paint dry.
” Nothing has been done to stabilize any of these faults .
The mountain has started erupting through those same cracks again due to the Coronavirus , spreading the cracks wider ; and the same land masses are now sliding down the volcano ’ s sides more quickly @ @ @ @ @ @ @ I said would be worse than the Great Recession .
There , I also parted company with the permabears : The Fed did raise rates , and the market did fall sharply at the start of 2016 .
Because the market started to crash , the Fed stopped raising rates for a year , which arrested the slide .
Then the Fed started slowly raising rates again and slowing tightening up money supply until it caused everything to start to slide again .
This time , it reversed itself completely , but not @ @ @ @ @ @ @ the end of 2018 and the Repocalypse at the end of 2019 .
After interbank lending froze up in the Repocalypse in late 2019 , the Fed went back to QE while denying it .
Then the coronavirus shutdown that the entire world forced upon itself , gave the Fed cover to switch to QE overdrive to try to prevent the present recession .
Back in 2015 , I asked whether the Fed would really set all of that into motion since others were saying it wouldn ’ t dare : I completed @ @ @ @ @ @ @ major events to come : • The energy crash is certain to worsen .
• China ’ s demand for natural resources will not return for many years .
• Numerous stock markets throughout the world will fall into deep bear markets .
• Many nations will go into recession .
• Joblessness will push Europe ’ s refugee and migration crisis into a social calamity and open the door to more Islamic terrorism .
• Farm incomes will decline significantly , and farmers will face great stress .
• Major retailers will @ @ @ @ @ @ @ The start of the Retail Apocalypse . )
• Auto loans and student loans will continue to pile up into a leaning tower of bad debt .
• Shipping companies , railroads and trucking companies will sink into serious decline .
• The number of rising stocks will narrow as the band that is declining broadens .
• Corporate sales and revenues will fail year after year .
While things did not go down as quickly as I originally predicted , and while stocks managed to levitate above the fray for awhile due @ @ @ @ @ @ @ , all of those events above continued to worsen in the economy over the intervening years .
They are now easily identifiable fault lines in our crack-up into the Great Recession 2.0 , which is looking so dire because of the coronavirus accelerant that many are thinking to take the name one step further than I did back then and call it the “ Second Great Depression.
” And how could one know those are the cracks that would open up in the next recession ?
Because in some cases , those are @ @ @ @ @ @ @ long ago in the Fed ’ s recovery plan .
In other cases , those are the fault lines you could see opening up from a long way off .
And , in other cases , you could see those are the trends — the directions — along which the earth ’ s plates were moving .
And , so , you could know that in the next recession , those are the lines along which things would break apart .
We will continue to see these gaps spread wider , defining the @ @ @ @ @ @ @ all over the world today .

by David Haggith
I’ve missed a few predictions along the way, but usually only in part. When I missed, it was because I took the bad too far. The bad has almost always happened exactly when I said it would but hasn’t always been as bad as I said it would be. Now, it has all arrived and is turning out to be fully as bad as I said it would be.
It took the kick of a virus to set everything in place, but all the parts are now falling where I said they would once the next recession began.
I’ve overestimated how dark times would get because I was anticipating the collapse of the Fed’s huge distortions in the economy — the Everything Bubble. However, the Fed reversed course or stopped doing what it said it would do each time the Everything Bubble started to fold in on itself. The Fed, too, saw calamity on the horizon from its own missteps, but only after economic collapse started to emerge from the shadows of future time into the present.
Now the Fed can’t even stop the catastrophe it helped set up.
In 2015, for example, I wrote,
My big prediction for this fall was not merely that the US stock market would crash (by which, I mean it will have to do worse than become a bear market, defined as a 20% drop). I also said we will enter a period of global economic collapse, and I’ve said that collapse will be worse than what we saw at the bottom of the Great Recession. So, I’ve somewhat defined what it will look like, and clearly it doesn’t look anything like that yet. “Economic Collapse — The Train Wreck that is Happening Now!“
The market did break back in 2015 when I said it would, but it fell only 10%. It was, however, much more than a mere correction because it did not recover for a very long time. After a long period of rising, the market took to big plunges and did not recovery until the Trump Rally accomplished what few were expecting (including me):
Generally bad, and far different than the market had been for years, but not the “Epocalypse” I had predicted. Maybe my swing at that one was less than a strike and more of a foul with a chance to take another swing now that the Trump Rally is toast because it was a pretty significant break.
The Trump Rally, due to its massive tax cuts that fueled huge stock buybacks (as well as the early hope that those were coming), pulled us out of the malaise we entered in late 2014 and that we sunk deeper into in late 2015 and again in 2016.
The rally was fueled on supercharged national debt, yet it still didn’t get us above about 2% GDP growth on a sustained basis. While it looked great for stocks, it looked mediocre for the economy and gradually got worse. The resumption of the Trump Rally after the market broke in to a full-on bear market this year, required a rapid startup of even greater debt issuance by the government and the Fed on a scale we’ve never seen.
Constant new debt issuance in massive doses will be required to sustain the new rally because the economy has been moving in the opposite direction at a great rate of collapse and, so, the economy is far from sustaining rebounding stock valuations or payments on the debt.
What we are witnessing is entirely debt-funded market growth. Without a lot of longterm economic growth, the rally is far from sustainable without constant debt financing, and the debt is rising much faster than the market’s total valuation. With tax revenues falling further and further from supporting the debt, which is growing to replace the lost revenues, it’s a train wreck.
While it’s possible all this new debt pumped into stock prices will push the market up higher than it was before for awhile, it is not what I am betting on as most likely because I think the Fed is deep into diminishing returns. At the same time, I think there is no hope the Fed brings the economy fully back to the paltry 2% growth we were enjoying under the former rally (the economy and the stock market being different things). I think the greater likelihood is that the Fed loses control of everything because the negative side-effects of its interventions outweigh the good.
With that in mind, I’m going review my past predictions of the Epocalypse, by which I meant an epic and epochal and apocalyptic economic collapse (all of those words and sounds being found in that one word and all befitting what I believe is coming upon us). Let’s see how close that vision of the “next” recession looked to the actual recession that is now forming.
Back then I said,
From the beginning days of quantitative easing and low interest rates, I have said that both were artificial life support and that our “recovery” from the Great Recession would end as soon as all the artificial life support.
We saw that breakdown begin, just as I said it would, when the Fed started raising interest rates and rewinding its quantitative easing. Now, I’ll go further and say the illusion of recovery at this point will begin to break up even as the Fed returns to life support in more frequent doses and in greater amounts and in a wider array of ways than ever before as it adds new forms it has never tried.
Here’s why I said the Epocalypse is certain
The reason this economic collapse would be so bad is that it is really all about falling back into the belly of the Great Recession. “Economic Collapse — The Train Wreck that is Happening Now!“
That is the crux of my whole view right there: We did nothing to right the problems that caused the last recession. We actually made them worse in order to avoid the pain of correction– banks too big to fail, mountains of debt that demand extreme low interest just too remain serviceable, stagnant real incomes to support that debt, houses priced back up to levels that cannot be exceeded in the face of stagnant incomes without deep erosion of lending standards, stock valuations built on expanding debt and not on improving business fundamentals, tricky corporate bookkeeping instead of GAAP reporting, greedy crooked people who never paid for what they brought upon the world from 2007-2009 so they continued doing it (moral hazard), deregulation that let greed prevail, including particularly the allowance of banks to participate in purchasing stocks through the repeal of Glass-Steagall, central-planning of the economy by the Federal Reserve, which focused all its rescue efforts on widening the wealth gap between the rich and the rest.
As Carl Icahn noted back then,
The earnings that are being put out today — I think they are very suspect. These earnings are fallacious. And, yet, analysts look at it quarter for quarter. If your earnings went up for the quarter, your stock goes jumping up…. If you really do GAAP [Generally Accepted Accounting Principles], you haven’t really increased earnings for three years…. We are making earnings with financial engineering…. I’ve seen this before a number of times. I’ve been around a long time … and I think a time is coming that might make some of those [previous crashes] look pretty good…. “Economic Collapse — The Train Wreck that is Happening Now!“
And real earnings didn’t improve in the four-and-half years since then either.
We kept all of that in place or made it worse, but we kept the economy and the stock market going with the Fed’s artificial life support. Therefore, once FedMed fails to keep propping us up, all the fluff that was built on top of its artificial support starts to give way because we spent the time they bought us increasing the number of economic fault lines beneath the economy. The destruction from all of that has enormous potential.
Of course, the Fed will amplify its recovery efforts to do “whatever it takes,” and so will the government, and that is exactly what we see right now. We thought the last recovery efforts were astounding, but the present Fed interventions dwarf them.
Because mankind is finite, however, our capacity to deny the realities we are creating puts us in peril of worse realities down the road when we reach the limit of our abilities to intervene on our own behalves.
Leading up to my first Epocalypse article, I made the following broad statements …
One of the things you start to see as you get near the end of a period of expansion, but before it really turns, is you start to see major layoffs occurring, big mega-layoffs like we’re seeing now. “Economic Collapse — The Train Wreck that is Happening Now!“
Deutsche Bank’s … has about a $76 TRILLION exposure to derivatives…. Those derivatives, says Bank of America, are now a junk-bond “train wreck that is accelerating.” This time, it is not all “mortgage-backed securities,” but includes junk bonds issued to commodities producers, particularly in the energy industry and mining industry.
This would not just be a US stock-market crash, but a global economic collapse…. Everything is only so much worse in the other economies of the world.
and then the series began:
Here is what I said the Epocalypse would look like:
The following began in October of 2015, long before Donald J. Trump was elected:
To divine the direction the world will take after global economic collapse, you have to understand the prevailing winds and the underlying tides. Look for the megatrends that are influences against which all other forces have minor affect. “Epocalypse: What Trends Shape the World after Global Economic Collapse?“
Civil unrest has grown a great deal in the US over racial issues and immigration issues. Harder times with broad new failures in the job market will only make that unrest worse, and that leans toward stronger government controls becoming necessary to sustain some semblance of peace…. Thus, the intrusion of big government will expand more into individual lives and out onto the street … because weak and conditioned people value security more than personal freedom…. Whether due to internal uprising, looting during a global economic collapse, or the increased likelihood of foreign terror on domestic soil, a world that is increasingly hostile and less secure will cause people who value security over liberty to readily yield more power to bigger government to protect them from these wild forces…. The economy will come unhinged. Desperation and fear will quickly follow. Desperate economic times create desperate people, willing to embrace answers they would never have accepted in better times.
Global economic collapse will demand a global answer. People already want electronic money more than cash (even though cash affords individual anonymity and, therefore, liberty) because they do much of their buying online. They will trade liberty for convenience and comfort. A global cashless answer will make sense because it will fill a recognized current need — going in a direction in which the world is already trending…. A global economy that is unified around a single electronic currency will be seen as being stronger than the multi-faceted global economy that is now breaking apart…. This will mean trading away local sovereignty over our economies…. I don’t believe the majority of the citizens of the US are any braver [than the citizens of Greece by in large] or that they will stand any taller on principle if facing the same hardship. They will see globalism as the most natural progression and national sovereignty as regressive…. Globalization … means more homogeneity and blending of cultures, but that will also intensify conflicts by pushing individuals together who don’t readily harmonize. That will awaken counter forces that will inevitably square off against that centralization of power…. This globalization will not happen without rebellion, and that rebellion will require stronger suppression of individuals and those who go against the global flow, which will be justified as being necessary to bring about the reforms the world needs. Most citizens will go along with that because the coming global epocalypse will open up such a huge pit that fear and loss will ready people to give up personal liberties for the sake of restored security.
Who cannot see in all of that the movements that have already begun using police to enforce greater control over a populace that has readily given up its constitutional right to assemble (in order to protest the very social shutdown that doesn’t allow public assembly any longer) and the right to practice religion freely (religion being for many a community event at its core, rather than just an individual event), and the right to free speech as Google, Facebook and Twitter, at the government’s insistence, have all clamped down on writing (including my own) about coronavirus that is deemed dangerous for the public because it does not fit the WHO/CDC party line.”
(I was actually told this week not to write on that subject any more for a certain website because Google was pulling all of their articles on that subject out of their otherwise high search performance).
At the same time, you can see the revolt against this intensified globalized control but also see that the revolt has minuscule numbers compared to the number of people willing to yield their freedoms without so much as a question for the sake of a sense of security. In terms of rising conflict, we see people who are willing even to rat on their neighbors for not conforming by wearing a mask or for peaceably assembling to protest the social constraints so easily and immediately placed over the entire world. We’ve seen at the same time, a greatly intensified push toward electronic currency on the excuse presented by the virus that “cash is dirty.”
In my next article on the Epocalypse, I went into further detail than the broad sweeps above:
We are primarily funded by readers. Please subscribe and donate to support us!
Corporate debt has never been higher. Interest is rising ahead of the Fed. The pile of junk bonds is starting to waver. Investors are moving to gold and cash. Are these the emerging indicators of a perfect economic storm…? Bond issues … on the skids just like IPOs…. The climate change that is happening in bond issues places corporations at risk if they issued bonds to raise money while interest rates were very low and now have to do a new bond issue to pay off old bonds. If not for the Fed straining to suppress interest to wholesale bond repurchases, these businesses would be in a world of hurt. Regardless, some businesses are facing higher interest on massive amounts of debt at the same time that their revenue is falling. “Epocalypse: Is the Perfect Economic Storm on the Horizon?“
Here the Fed, immediately leaped back into rescue operations greater than any ever seen to start sopping up all this excessive and sloppy debt that their recovery plan had enticed into being in the first place as the foundation of their recovery.
US corporate earnings are in decline.... This seems to be an emerging trend across US industry.
Retail is crashing.… The drop in retail is industry-wide….
Those failings were reported as the mere buds of trends that I said would emerge. They certainly did continue to grow relentlessly into trends in the four-plus years that followed, getting worse from one year to the next without reprieve.
Flight to gold is the kind of move investors make when they are battening down the hatches for a storm.
Flight to gold is the kind of move investors make when they are battening down the hatches for a storm. And it’s global. Investors are moving their money into cash and gold.
In the past few months we’ve seen one of the strongest flights to cash and gold in modern history. It has only been restrained by the lack of a sufficient gold supply to fill the demand.
Here are other supertrends I said would develop:
A supercell spawns tornados — sometimes many. The supertrends I present in the following list have the same power. Against this much larger storm, the quantitative easing of central banks along with their zero-interest policies are a mere breeze — a sniffle of discontent.
We’ve seen the diminishing power of QE now in a way far more dramatic than most people would have guessed. During the first two weeks of the Coronacrisis, we saw the Fed throw more quantitative easing at the problem than it ever had in the same timeframe, yet the market turned up its nose and continued to descend. The Fed had no effect until the US government joined it with massive fiscal stimulus. Even then, I think the market’s arrest came more because it had fallen about as far as markets ever do in a major crash before taking a rest and starting a large bear-market rally.
We have yet to see if the super combo of Fed and government will pull off a another recovery, but they have already intervened as much in their combo of quantitative easing and fiscal stimulus in a variety of forms as all of the QE and stimulus done in QE1-3 during the first several years of the Great Recession. And they have done it with far smaller effect.
Supertrend #1 – Interbank Loans Freezing Up … Again. You may recall that the biggest concern during the first year of the Great Recession was that banks no longer trusted each other and had stopped lending to each other. This was causing a credit freeze…. Is this a repeat of the kind of quarter that led into the Great Recession — that quarter in which almost no one saw a hint of recession coming, much less the worst recession since the Great Depression? “Epocalypse Coming: Supertrends That Will Trump Central Banks“
While we saw a foreshadowing of this emerge in 2015 when I started laying out what the next recession would look like, it did not emerge under the withdrawal of QE as quickly or completely as I thought it would. But it did get there, and it did lead the way into the present recession. We saw it rise as an unexpected monstrosity last fall, which I and few others named “The Repocalypse.” (Not sure who said it first.)
That is to say, the Repo Crisis was unexpected by the vast majority, but not here, where it was predicted as an assured development that would occur during the Fed’s quantitative tightening (QT). I said it would have as much impact going into the next (now present) recession as it did going into the Great Recession.
The outburst of the Repo Crisis in September certainly caught the Fed off guard. Worse still, the Fed was unable to put it down — so great was its undertow — until the Fed acquiesced and launched the greatest QE in the history of the world in answer to the current developing recession (which I choose to call QE4ever because it is by far greater than other rounds of QE and can never end without bringing calamity — calamity that I don’t believe can now be averted even with it.
Supertrend #2 – The China Syndrome. The meltdown of the Chinese economy is big.
I said very little about that one — simply that it would play a big role in the next global economic downturn, and it certainly is.
Supertrend #3 – Global Industrial Slowdown. “The industrial environment’s in a recession. I don’t care what anybody says.”
I noted Chinese steel and US oil and companies like industrial giant Caterpillar playing the leading-name roles in the parts of industry we would see crumble most. While we got some reprieve back then, who would try to argue that those focal points of industry have been on center stage in the global economic shutdown that eventually happened? They were the right focal points to identify. Throughout 2019, we saw the industrial sector of the US economy sink into recession even before the Coronacrisis. It officially hit recession status in summer of 2019 and stayed there.
Supertrend #4 – Central Bank Stimulus Already Ineffective.… It’s been a long race to the bottom of low interest for Europe and the United States, as well as for other countries like Japan and China, which has recently joined the race. Yet, the race is nowhere near over as far as the central banks are concerned. Sweden is expanding its quantitative easing program for the fourth time since February…. You don’t think that’s a financial world that is standing on hits head and blubbering its lips with its index finger? Clearly central-bank stimulus is no longer giving much bang for the buck (or klang for the kroner). With interest rates diving deep below the sub-basement into a realm where once-upon-a-time no central bank dared to go, heavy industry is collapsing all over the world!
I felt that part bore repeating because it would be the single worst aspect of the next Great Recession — inability of all the world’s central banks to stop the recession because they were already showing signs of losing their mojo back then.
When the world is this far upside down, with central bankers dancing on their heads, all giddy about their ability to stoop even lower, it is surely not hard to realize the outcome has to be economic apocalypse. How can a world gone goofy end up in any other place….? When the world is so crazy that its wealthiest people yell, “Yay, we’re all dying, so that means more free yummy medicine!” then you surely can figure the bust is going to be an all-out epocalypse. And when the investing euphoria is happening because the lunatic central bankers have started carving out sub basements to the sub basements [in interest] to create an economic bomb shelter, you know the epocalypse cannot be far away…. So, duck and cover.
The great debt volcano erupts
In my next article in the series, I went on to describe the problems that would come because of the “mountain of debt” that was “banked up against the entire global economy.” That mountain would become especially formidable to emerging-market nations because much of their debt is denominated in US dollars, leaving them at the mercy of an increasingly strong US dollar:
A formidable super volcano of global debt has grown since the Great Recession began…. Smaller nations like Brazil and Greece and Puerto Rico are already crumbling under the weight of their portion of this mountain. This crushing of small economies will continue for years to come…. When the price of money is the lowest it has ever been, businesses buy a lot of nearly free money, just as do nations; but what happens when many of those same businesses go to refinance bonds in three years, and the price of borrowed money has gone up? “Epocalypse Coming: Fed Reserves Right to Raise Interest at Worst Time“
That price of money can go up for two reasons — either because interest goes up when a loan/bond that has to be refinanced or on a loan that has variable interest or because exchange rates make those debts more expensive. If a business in Brazil, for example, takes out a loan with an international US bank, that business earns its revenue in reals, but has to repay the loan in dollars. (Of course, deflation could make the price of the loan go up in terms of inflation-adjusted dollars, too; but in the case of international loans, inflation/deflation over time would be reflected in the current exchange rate.)
The golden days of the global economy are over because we are now entering the golden years of the baby boomers. Not only will retirees no longer contribute to the expansion of GDP via their own productivity, they also will also start to downsize their homes and buy fewer expensive toys than they did in the peak of their career. This would be the normal transition, but it is going to be made worse by the fact that those pensions have performed poorly under the Federal Reserve’s zero-interest policies and because they lost a lot of wealth during the worst of the Great Recession…. We are now entering such a massive demographic shift in the world that it has to negatively impact economic growth.
We aren’t seeing the serious impact of this yet, but those days are dawning now, so this will be a factor that makes it harder to climb out of the present recession. It is likely to play out as resentment between the younger working generation that has to pay all the debt unfairly heaped upon it and the retiring generation that did the heaping. Expect some clawback, adding to the fore-described social unrest!
I was careful to say the whole scenario I was laying out would not develop all at once:
I am not saying [the economy] will all slide this fall, but the cracks all around the mountain’s side that say it is starting to slide will grow huge and threatening; the movement of land in large pieces and trees beginning to tip will become evident, and there will probably be several large downward jolts as it begins to move in sections and the movement of one section weakens the next until the whole thing slides to the bottom.
The mountain didn’t slide all at once, but it did start to move back then. You can see the major pieces that started sluffing away back then have turned out to be the major pieces that are moving at greater speed now. The reason the mountain of troubles didn’t move as much as I said right off was because the Fed did not initially do as much as it led everyone to believe it would do in tightening. When it finally did, it rapidly reversed course because cracks began to appear all over the mountainside, even though the Fed had said it’s tightening would continue on autopilot for another year beyond where we are now and that the whole event would be “as boring as watching paint dry.”
Nothing has been done to stabilize any of these faults. The mountain has started erupting through those same cracks again due to the Coronavirus, spreading the cracks wider; and the same land masses are now sliding down the volcano’s sides more quickly this time.
The next recession, I said would be worse than the Great Recession.
It was the second nuclear explosion, not the first, that ended World War II; and so it will be with the nuclear-sized economic disaster that first struck the earth in 2008. The second strike will be more calamitous and have greater consequence than the first … because so much more top pressure is bearing down from all the piled debt and because so many more economic structures around the world are in weak condition and because central banks have run out of additional ammo to fight a war of such scale any longer. “Epocalypse Soon: The Second Coming of the Great Recession is Near“
There, I also parted company with the permabears:
Some permabears like Peter Schiff have held resolutely to the opinion that the Fed will not raise rates because it cannot without causing economic collapse. Schiff says the Fed will go straight into a fourth round of quantitative easing. I disagree and have said it will raise rates this year. The Fed has never seen an economic collapse that it could not help cause. It is not exactly a coterie of the world’s wisest people. The Fed may be bullish on its own recovery programs, but it has the dim vision of a bear. Its bull-headed attitude is its blind spot. It will raise rates to prove its critics wrong and its own programs a success only to prove its critics right by triggering the rapid end of the mirage of recovery its programs created. The Fed is dumb like that.
The Fed did raise rates, and the market did fall sharply at the start of 2016. Because the market started to crash, the Fed stopped raising rates for a year, which arrested the slide. Then the Fed started slowly raising rates again and slowing tightening up money supply until it caused everything to start to slide again. This time, it reversed itself completely, but not before causing a worse market crash at the end of 2018 and the Repocalypse at the end of 2019.
After interbank lending froze up in the Repocalypse in late 2019, the Fed went back to QE while denying it. Then the coronavirus shutdown that the entire world forced upon itself, gave the Fed cover to switch to QE overdrive to try to prevent the present recession.
(This recession actually started forming quantifiably in manufacturing in the summer of 2019 and spread to the services sector of the economy in the fall, but it didn’t blow wide open until the Coronacrisis hit.)
Back in 2015, I asked whether the Fed would really set all of that into motion since others were saying it wouldn’t dare:
So, will the Fed raise rates just as the US economy reaches a critical mass of internal reactions? Of course it will! It believes the glowing stock market is a proof of economic recovery, even as the actual economy (as opposed to the stock market) is cracking up.
I completed my Epocalypse intro with this list of major events to come:
The destruction of Jerusalem, AD70.
Call it the “Great Collapse” or the “Epocalypse.” Whatever you call it, it’s about to change the world. I am referring to an economic crisis so big that the global economy will be forever different after those days. “Epocalypse Soon: The Great Economic Collapse is Happening“
The energy crash is certain to worsen.
China’s demand for natural resources will not return for many years.
Numerous stock markets throughout the world will fall into deep bear markets.
Many nations will go into recession.
Global economic trade will collapse.
Joblessness will push Europe’s refugee and migration crisis into a social calamity and open the door to more Islamic terrorism.
Farm incomes will decline significantly, and farmers will face great stress.
Major retailers will experience massive declines and closures. (The start of the Retail Apocalypse.)
Auto loans and student loans will continue to pile up into a leaning tower of bad debt.
Shipping companies, railroads and trucking companies will sink into serious decline.
The number of rising stocks will narrow as the band that is declining broadens.
Corporate sales and revenues will fail year after year.
National debt will skyrocket.
While things did not go down as quickly as I originally predicted, and while stocks managed to levitate above the fray for awhile due to massive tax cuts that fueled buybacks, all of those events above continued to worsen in the economy over the intervening years.
They are now easily identifiable fault lines in our crack-up into the Great Recession 2.0, which is looking so dire because of the coronavirus accelerant that many are thinking to take the name one step further than I did back then and call it the “Second Great Depression.”
And how could one know those are the cracks that would open up in the next recession? Because in some cases, those are the faults you could see being laid long ago in the Fed’s recovery plan. In other cases, those are the fault lines you could see opening up from a long way off. And, in other cases, you could see those are the trends — the directions — along which the earth’s plates were moving. And, so, you could know that in the next recession, those are the lines along which things would break apart.
We will continue to see these gaps spread wider, defining the shape of the recession that is erupting all over the world today.


investmentwatchblog--2020-05-27--For the bears, VIX spike imminent

For the bears, VIX spike imminent

There are no sure things .
I definitely wouldn ’ t be shorting the SPY unless VIX was rising .

by charvo
There are no sure things. I definitely wouldn’t be shorting the SPY unless VIX was rising.
We are primarily funded by readers. Please subscribe and donate to support us!
Dow Jones today vs. Dow Jones in 1929 Great Depression


investmentwatchblog--2020-05-27--As BofA Global Research put it this morning: “Hoping that either fundamentals will improve at record

As BofA Global Research put it this morning: “Hoping that either fundamentals will improve at record speed, or that they simply don’t matter is a real risk, given markets’ inability to decouple from recessions in the last 90 years.”

As BofA Global Research put it this morning: "Hoping that either fundamentals will improve at record speed, or that they simply don't matter is a real risk, given markets' inability to decouple from recessions in the last 90 years." — Lisa Abramowicz (@lisaabramowicz1) May 27, 2020
S&P tested and failed both the 3000 (#psychological resistance) and the 200-dma (#technical resistance) yesterday. #Market will try again today. It needs to close and hold above that level to confirm a break. Should get the algo's going to push markets back toward Feb levels. pic.twitter.com/GPAbOpd7Ep — Lance Roberts (@LanceRoberts) May 27, 2020
Delinquent cred cards & auto loans pic.twitter.com/wpB27nOitH — Win Smart, CFA (@WinfieldSmart) May 26, 2020
Corporate layoffs haven’t even started yet. They do this week and will ramp heavily through the fall. Stock market has never been a bigger joke. t.co/onXleo4BL1 — hks55 (@hks55) May 27, 2020
Yields on the long end continue to tick higher. Equities are doomed. Corporate layoffs, cancelled buybacks, share offerings to raise cash, and higher yields coming to compete with equity returns. t.co/7rQVEjh0q3 — hks55 (@hks55) May 27, 2020
Preliminary credit card volume growth -25% YoY in May pic.twitter.com/ChhROrtEbt — Teddy Vallee (@TeddyVallee) May 26, 2020


investmentwatchblog--2020-05-27--The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong, such as

🇺🇸🇨🇳 The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong , such @ @ @ @ @ officials and businesses .
t.co/IfTCIyN6aW pic.twitter.com/raziQbanfV

🇺🇸🇨🇳 The U.S. is considering a range of sanctions to punish China for its crackdown on Hong Kong, such as freezing assets of Chinese officials and businesses. t.co/IfTCIyN6aW pic.twitter.com/raziQbanfV
— Bloomberg Markets (@markets) May 27, 2020


investmentwatchblog--2020-05-27--Fed’s Bullard Warns Prolonged Coronavirus Lockdown Could Trigger a Depression

A prolonged shutdown of the U.S. economy could trigger a second Great Depression , according to St. Louis Federal Reserve @ @ @ @ @ who said the nation needs to adapt to the new risk in the era of @ @ @ @ @ What you ’ re risking here is that this morphs into a financial crisis and @ @ @ @ @ , ” Bullard told FOX Business ’ Edward Lawrence .
“ And then the outside @ @ @ @ @ , in which health care outcomes , as well as economic outcomes , would be @ @ @ @ @ t want to play with fire too much here.
” Congress Will ‘ Probably ’ @ @ @ @ @ Stimulus Bill Senate Majority Leader Mitch McConnell said a measure to lift the U.S. economy @ @ @ @ @ scope than the $ 3 trillion package House Democrats approved earlier this month .

Watch the latest video at foxnews.com
via foxbusiness:
A prolonged shutdown of the U.S. economy could trigger a second Great Depression, according to St. Louis Federal Reserve Bank President James Bullard, who said the nation needs to adapt to the new risk in the era of the coronavirus pandemic.
We are primarily funded by readers. Please subscribe and donate to support us!
“What you’re risking here is that this morphs into a financial crisis and makes this so much worse,” Bullard told FOX Business’ Edward Lawrence. “And then the outside morphs into a depression scenario, in which health care outcomes, as well as economic outcomes, would be terrible. You don’t want to play with fire too much here.”
Senate Majority Leader Mitch McConnell said a measure to lift the U.S. economy would have a more narrow scope than the $3 trillion package House Democrats approved earlier this month.


investmentwatchblog--2020-05-27--This is it. It’s happening. Yuan drop steepens amid speculation #China is allowing depreciation in n

This is it. It’s happening. Yuan drop steepens amid speculation #China is allowing depreciation in new cold war between US and the middle kingdom.

Oops! Yuan drop steepens amid speculation #China is allowing depreciation in new cold war between US and the middle kingdom. t.co/bdmgUHvugC HT @OlafGersemann pic.twitter.com/e4INkVwGHA — Holger Zschaepitz (@Schuldensuehner) May 27, 2020
China industrial profits in April show that the recovery is less than stellar. pic.twitter.com/O3ruz6HcaE — Daniel Lacalle (@dlacalle_IA) May 27, 2020
China 🇨🇳 recovery is clearly L-shaped in most sectors, rising only in those driven by government spending. pic.twitter.com/Nb0efE9dUi — Daniel Lacalle (@dlacalle_IA) May 27, 2020


investmentwatchblog--2020-05-27--Boredom Markets Hypothesis – Idle Retail Investor Driving up Stock Price

Saw this article from Matt Levine ’ s newsletter today : Boredom Markets Hypothesis is this idea that : people @ @ @ @ @ 1 ) if trading is entertaining and ( 2 ) if other things are less @ @ @ @ @ the phenomenon that , because of free time from self-isolation and limited form of alternative @ @ @ @ @ been actively buying stocks instead of selling like they have in the past during market @ @ @ @ @ also facilitated by zero trade commission and slicing ( brokerages allowing investors buying fractions of @ @

by reddit_user456
Saw this article from Matt Levine’s newsletter today:
www.bloomberg.com/news/articles/2020-05-22/options-are-now-all-the-rage-for-bored-day-traders-locked-inside?sref=1kJVNqnU
We are primarily funded by readers. Please subscribe and donate to support us!
Boredom Markets Hypothesis is this idea that:
people will do more trading (1) if trading is entertaining and (2) if other things are less entertaining
The article above discusses the phenomenon that, because of free time from self-isolation and limited form of alternative entertainment, retail investors have been actively buying stocks instead of selling like they have in the past during market crisis.
The situation is also facilitated by zero trade commission and slicing (brokerages allowing investors buying fractions of shares)


investmentwatchblog--2020-05-27--Fresh liquidity injection… Just crashing economy in a longer term but bought a moment. Nice one.

Fresh liquidity injection… Just crashing economy in a longer term but bought a moment .
Nice one .
t.co/KxF8oyd7Oh

Fresh liquidity injection… Just crashing economy in a longer term but bought a moment. Nice one. t.co/KxF8oyd7Oh
— GregTheAnalyst (@Analyst_G) May 27, 2020


investmentwatchblog--2020-05-27--I don’t even need to check futures anymore.  I just look outside to see if its dark, then I know the

I don’t even need to check futures anymore.  I just look outside to see if its dark, then I know they are higher.

The night is most bullish just before the dawn
— mikeo188 (@mikeo188) May 27, 2020


investmentwatchblog--2020-05-27--From someone who took the training to be a Contact Tracer – full explanation. Worst than Imagined.

Commiefornia – what do you expect ?
That ’ s worse than what the Chinese did .

Commiefornia – what do you expect? That’s worse than what the Chinese did.
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-05-27--Black Death 2.0? CDC warns about “aggressive” rats as coronavirus shuts down restaurants.

The city of New Orleans has seen a surge in coronavirus cases , quickly straining hospital staff and resources that @ @ @ @ @ spike .
However , the precautions put in place to slow the virus ’ spread @ @ @ @ @ new problem : with no food littering alleyways from people visiting the city ’ s @ @ @ @ @ that relied on the scraps have been driven out onto the streets .
Omar Villafranca @ @ @ @ @ is combatting its problems .

The city of New Orleans has seen a surge in coronavirus cases, quickly straining hospital staff and resources that were not ready for the spike. However, the precautions put in place to slow the virus’ spread have inadvertently led to a new problem: with no food littering alleyways from people visiting the city’s many restaurants, hungry rats that relied on the scraps have been driven out onto the streets. Omar Villafranca reports on how the city is combatting its problems.
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-05-27--The View -Defends Joe Biden After “ain’t black” Comment

Laughing & Defending……..just what I expected from them .

Laughing & Defending……..just what I expected from them.
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-05-27--BOOM! Obama SET UP MIKE FLYNN on Dec 29 2016 when he kicked out ALL the RUSSIAN DIPLOMATS OUT OF THE

BOOM! Obama SET UP MIKE FLYNN on Dec 29 2016 when he kicked out ALL the RUSSIAN DIPLOMATS OUT OF THE UNITED STATES.

YES – THATS RIGHT – Obama kicked out ALL the RUSSIAN DIPLOMATS OUT OF THE UNITED STATES on Dec 29 @ @ @ @ @ FORCE ” — MIKE FLYNN to SPEAK TO THE RUSSIAN AMBASSADOR BY PHONE ( wire @ @ @ @ @ and ILLEGAL ACT BY OBAMA !
For the SOLE PURPOSE OF FRAMING GENERAL FLYNN .
@ @ @ @ @ FBI , DOJ , and the CIA..
SAME day Obama under pressure to prove Russian @ @ @ @ @ 2016 Makes up DNC hack HOAX

by Buzzcheeze
YES – THATS RIGHT –
Obama kicked out ALL the RUSSIAN DIPLOMATS
OUT OF THE UNITED STATES on Dec 29 2016
In order to “FORCE” — MIKE FLYNN
to SPEAK TO THE RUSSIAN AMBASSADOR BY PHONE (wire tapped)
REGARDING THIS RADICAL and ILLEGAL ACT BY OBAMA!
For the SOLE PURPOSE
OF FRAMING GENERAL FLYNN.
Gangster tactics by Obama, FBI, DOJ, and the CIA..
We are primarily funded by readers. Please subscribe and donate to support us!
SAME day
Obama under pressure to prove Russian interference in election DEC 29 2016
Makes up DNC hack HOAX
thehill.com/policy/national-security/312049-obama-under-pressure-to-prove-russian-interference-in-election


investmentwatchblog--2020-05-27--Twitter vs. Trump and the Truth about Mail-In Voting

Everyone should watch as this is going to be the next hottest subject in the news .
Knowledge is power @

Everyone should watch as this is going to be the next hottest subject in the news. Knowledge is power.
Our favorite Munchkin, Jerry Nadler, on mail-in votes.
“Jerry Nadler, 2004: “Paper Ballots Are Extremely Susceptible to Fraud”
We are primarily funded by readers. Please subscribe and donate to support us!
www.c-span.org/video/?c4877821/user-clip-jerry-nadler-2004-paper-ballots-extremely-susceptible-fraud
h/t MARsSPEED


investmentwatchblog--2020-05-27--First Human In NYC Attacked By Starved Pandemic Rats – CDC predicts this will continue as rats migra

First Human In NYC Attacked By Starved Pandemic Rats – CDC predicts this will continue as rats migrate to residential areas in search of food

Experts say the uncharacteristic aggression in the rats and the Coronavirus pandemic are related .
According to affiliates of Today ’ s Five , An MTA worker was attacked by a pack of around 30 rats over Memorial Day Weekend .
Ryan Fischer , 35 , has been an engineer and safety inspector for the MTA for over 10 years .
Fischer reports the attack happened in the subway tunnel near 42nd and Lexington while he was inspecting the R line , he is unsure which station at the time he was closest to .
while he was out alone @ @ @ @ @ @ @ .
The attack happened on Saturday , Fischer estimates it was around 2 am .
“ It was definitely late , I was doing a quick check before heading out.
” Explains Fischer , “ I turned the bend and with my flashlight saw at least forty or fifty rats all crawling all over each other and eating some large carcass .
Seeing that caught me off guard big time .
Like we see rats all the time , but like I was definitely caught off guard because usually its one or two @ @ @ @ @ @ @ the light on them , but these guys didn ’ t seem to notice me so I did watch for a bit .
Then I felt things crawling up my legs , there were like three or four rats climbing up the back of my legs , they were so fast too it was unreal .
Before I could start running they were scratching at my neck .
I turned my flashlight and there were rats literally everywhere .
There were altleast 30 of them jumping at me and latching on but I @ @ @ @ @ @ @ course so I was swiping off most of them , by the time I got out of the tunnel all but a few had retreated , kicked the last two .
Never ever have I seen rats act like this.
” Fischer only had a few minor injuries from the experience and after an examination from the hospital was released within hours .
Fischer overall seems to be un-phased by it , but he is not the first to a notice a change in the behavior of NYC rats .

Experts say the uncharacteristic aggression in the rats and the Coronavirus pandemic are related. According to affiliates of Today’s Five, An MTA worker was attacked by a pack of around 30 rats over Memorial Day Weekend. Ryan Fischer, 35, has been an engineer and safety inspector for the MTA for over 10 years. Fischer reports the attack happened in the subway tunnel near 42nd and Lexington while he was inspecting the R line, he is unsure which station at the time he was closest to. while he was out alone inspecting the train line near the entrance. The attack happened on Saturday, Fischer estimates it was around 2 am.
“It was definitely late, I was doing a quick check before heading out.” Explains Fischer, “I turned the bend and with my flashlight saw at least forty or fifty rats all crawling all over each other and eating some large carcass. Seeing that caught me off guard big time. Like we see rats all the time, but like I was definitely caught off guard because usually its one or two max and they scatter when you put the light on them, but these guys didn’t seem to notice me so I did watch for a bit. Then I felt things crawling up my legs, there were like three or four rats climbing up the back of my legs, they were so fast too it was unreal. Before I could start running they were scratching at my neck. I turned my flashlight and there were rats literally everywhere. There were altleast 30 of them jumping at me and latching on but I had long pants and a jacket of course so I was swiping off most of them, by the time I got out of the tunnel all but a few had retreated, kicked the last two. Never ever have I seen rats act like this.”
We are primarily funded by readers. Please subscribe and donate to support us!
Fischer only had a few minor injuries from the experience and after an examination from the hospital was released within hours. Fischer overall seems to be un-phased by it, but he is not the first to a notice a change in the behavior of NYC rats.
todaysfive.com/coronavirus-rats-mta-worker-attacked/


investmentwatchblog--2020-05-27--Is anybody else starting to feel like the crazy one for still adhering to social distancing guidelin

Is anybody else starting to feel like the crazy one for still adhering to social distancing guidelines?

I live in one of the top 10 most affected states and our coronavirus stats are continuing to rise .
Despite this , just about everybody I know has either abandoned every social distance measure in place or was never following them to begin with .
My friends , my family , my husbands family ( although they were never following the policies ) , my coworkers and bosses , everybody I know is just out seeing one another with no protective measures in place .
These are smart and sensible people that I once had a lot of trust @ @ @ @ @ @ @ idea why everybody is just abandoning ship and acting so selfishly .
Granted , most of the people in my life are seeing “ only a couple of people ” but we really should be keeping our distance with everybody who is not in our immediate households right now , just in case .
Even if you don ’ t die from this virus , you can still face life long health complications as a result and you can still spread it to others who will die as a result .
I am @ @ @ @ @ @ @ in person as long as ALL protective measures are put in place ( i.e .
meeting outside , staying 6+ ft away , wearing masks at all times ) but that is not what ’ s happening with anybody I know and everybody talking about their fun weekends and meetups is really starting to frustrate me and make me feel like I ’ m the crazy one for continuing my quarentine .
Luckily , we haven ’ t been receiving too much pressure from anybody to hang out yet , but I know @ @ @ @ @ @ @ don ’ t know how to say no without it causing some issues ( just to be clear , I WILL be saying no , I am just very stressed about the outcome ) .

by codyisthebestboi
I live in one of the top 10 most affected states and our coronavirus stats are continuing to rise. Despite this, just about everybody I know has either abandoned every social distance measure in place or was never following them to begin with. My friends, my family, my husbands family (although they were never following the policies), my coworkers and bosses, everybody I know is just out seeing one another with no protective measures in place. These are smart and sensible people that I once had a lot of trust and respect for and I have no idea why everybody is just abandoning ship and acting so selfishly.
We are primarily funded by readers. Please subscribe and donate to support us!
Granted, most of the people in my life are seeing “only a couple of people” but we really should be keeping our distance with everybody who is not in our immediate households right now, just in case. Even if you don’t die from this virus, you can still face life long health complications as a result and you can still spread it to others who will die as a result.
I am perfectly okay with people seeing one another in person as long as ALL protective measures are put in place (i.e. meeting outside, staying 6+ ft away, wearing masks at all times) but that is not what’s happening with anybody I know and everybody talking about their fun weekends and meetups is really starting to frustrate me and make me feel like I’m the crazy one for continuing my quarentine. Luckily, we haven’t been receiving too much pressure from anybody to hang out yet, but I know it’s coming soon and I don’t know how to say no without it causing some issues (just to be clear, I WILL be saying no, I am just very stressed about the outcome).


investmentwatchblog--2020-05-27--ESCAPE: Frustrated and struggling, New Yorkers contemplate abandoning city they love

NEW YORK – It was laundry that broke Mary Shell .
Or rather , the lack of an in-unit washer and dryer in her Brooklyn apartment where Shell , 37 , a field producer for reality television , could barely afford her half of the rent before the novel coronavirus pandemic because work had been slow for months .
Times are even tougher now that her roommate , also unemployed , has had to move back in with her parents .
Shell was so financially strapped that she began inquiring about various night-life gigs , only to see covid-19 close @ @ @ @ @ @ @ “ So that ’ s another job you can ’ t do in a pandemic.
” ) Still , her situation might have been bearable if the nearest laundromat wasn ’ t four blocks away .
“ I just want to be able to do laundry without having to drag it up and down a four-story walk-up or pay someone $ 40 or $ 50 to do it for me , ” said Shell – echoing a gripe of New York City ’ s apartment-dwellers so timeless that “ Seinfeld , ” “ @ @ @ @ @ @ @ and “ Broad City ” all have episodes about the indignities of shared laundry facilities .
But throw in a pandemic and Shell said the stress has been “ exhausting , ” noting how she recently showed up to her laundromat to find that someone had handled all the clothes she had just washed .
“ Everyone deserves space and basic amenities , ” she said , lamenting how , in New York , many landlords deem a washing machine a “ luxury ” item .
“ It ’ s just insulting to @ @ @ @ @ @ @ ‘ We ’ re going to charge you an extra thousand dollars a month for this standard appliance that ’ s been in American households since the 1970s.
’ ” It ’ s enough to make her contemplate leaving , for good .
Welcome to the Great Reassessment .
New York City is a shadow of its pre-pandemic normal .
Like Shell , many residents are out of work , out of money , out of patience and out of sorts .
Reassessments are happening throughout the country , but nowhere else are @ @ @ @ @ @ @ in the nation ’ s most populated , most dense , most diverse metropolis – where more than 21,000 have died .

NEW YORK – It was laundry that broke Mary Shell. Or rather, the lack of an in-unit washer and dryer in her Brooklyn apartment where Shell, 37, a field producer for reality television, could barely afford her half of the rent before the novel coronavirus pandemic because work had been slow for months. Times are even tougher now that her roommate, also unemployed, has had to move back in with her parents.
Shell was so financially strapped that she began inquiring about various night-life gigs, only to see covid-19 close all the bars and clubs. (“So that’s another job you can’t do in a pandemic.”) Still, her situation might have been bearable if the nearest laundromat wasn’t four blocks away.
“I just want to be able to do laundry without having to drag it up and down a four-story walk-up or pay someone $40 or $50 to do it for me,” said Shell – echoing a gripe of New York City’s apartment-dwellers so timeless that “Seinfeld,” “Friends,” “Living Single” and “Broad City” all have episodes about the indignities of shared laundry facilities. But throw in a pandemic and Shell said the stress has been “exhausting,” noting how she recently showed up to her laundromat to find that someone had handled all the clothes she had just washed.
“Everyone deserves space and basic amenities,” she said, lamenting how, in New York, many landlords deem a washing machine a “luxury” item. “It’s just insulting to come at us and be like, ‘We’re going to charge you an extra thousand dollars a month for this standard appliance that’s been in American households since the 1970s.’ ”
We are primarily funded by readers. Please subscribe and donate to support us!
It’s enough to make her contemplate leaving, for good.
Welcome to the Great Reassessment.
New York City is a shadow of its pre-pandemic normal. Like Shell, many residents are out of work, out of money, out of patience and out of sorts. Reassessments are happening throughout the country, but nowhere else are they as sharply focused as here, in the nation’s most populated, most dense, most diverse metropolis – where more than 21,000 have died.
www.thehour.com/news/article/Frustrated-and-struggling-New-Yorkers-15294345.php


investmentwatchblog--2020-05-27--‘No Mask, No Service’ Becoming Commonplace

( CBS Local ) — “ No mask , No service ” signs are popping up at all kinds of @ @ @ @ @ to slowly reopen after the coronavirus pandemic shutdown that began in March .
Some retail @ @ @ @ @ , have already started to require masks for all customers and employees .
The move @ @ @ @ @ on social media showing shoppers who refuse to wear face masks being confronted by store @ @ @ @ @ , in some cases ) who explain that customers are required to wear masks .
@ @ @ @ @ enforce that policy ?
The short answer is yes , as long as they don @ @ @ @ @ on the basis of “ protected classes ” such as gender , race , age @ @ @ @ @ and religion .

(CBS Local) — “No mask, No service” signs are popping up at all kinds of businesses as the country begins to slowly reopen after the coronavirus pandemic shutdown that began in March.
Some retail chains, like Costco Wholesale, have already started to require masks for all customers and employees.
We are primarily funded by readers. Please subscribe and donate to support us!
The move follows a flood of videos on social media showing shoppers who refuse to wear face masks being confronted by store employees (and other shoppers, in some cases) who explain that customers are required to wear masks.
But can store owners legally enforce that policy? The short answer is yes, as long as they don’t discriminate against anyone on the basis of “protected classes” such as gender, race, age, disability, national origin and religion.


investmentwatchblog--2020-05-27--Our Media Are Themselves A Deadly Societal Pathogen:

Media botched the virus crisis and made it ‘ worse ’ : Poll .
Just when the public needed the media to play it straight , the growing bias in the press let them down and made the coronavirus crisis “ worse than it needed to be , ” according to a new analysis .
Already facing a substantial trust gap , the latest Gallup/Knight Foundation survey found that people in the United States were concerned about the media exaggerating the illness or downplaying how the crisis caused substantial harm .
As with many things in the Trump political environment @ @ @ @ @ @ @ saw a bigger problem with stories that downplayed the virus , while Republicans said reports that hyped the crisis were more harmful .
But in both cases , the majority of partisans in each political party agreed that the media ’ s coverage of the pandemic fell far short of what they wanted .
Asked if media exaggerating the coronavirus caused “ unnecessary harm , ” 87 % of Republicans agreed .
Among Democrats , it was 25 points lower , at 62 % .
Asked if downplaying the crisis threatened public health @ @ @ @ @ @ @ Among Republicans , it was 60 % .

Media botched the virus crisis and made it ‘worse’: Poll.
Just when the public needed the media to play it straight, the growing bias in the press let them down and made the coronavirus crisis “worse than it needed to be,” according to a new analysis.
Already facing a substantial trust gap, the latest Gallup/Knight Foundation survey found that people in the United States were concerned about the media exaggerating the illness or downplaying how the crisis caused substantial harm.
As with many things in the Trump political environment, partisanship played a role. Democrats saw a bigger problem with stories that downplayed the virus, while Republicans said reports that hyped the crisis were more harmful.
But in both cases, the majority of partisans in each political party agreed that the media’s coverage of the pandemic fell far short of what they wanted.
Asked if media exaggerating the coronavirus caused “unnecessary harm,” 87% of Republicans agreed. Among Democrats, it was 25 points lower, at 62%.
Asked if downplaying the crisis threatened public health, 78% of Democrats agreed. Among Republicans, it was 60%.


investmentwatchblog--2020-05-27--Either we fix free speech, or these communication platforms will fix us. The Dems will cheat. Google

Either we fix free speech, or these communication platforms will fix us. The Dems will cheat. Google, Facebook, Twitter, MSM and others will help them.

Mark my words , if Trump loses in November , Twitter will soon ban his account .
There 's no @ @ @ @ @ to have such a powerful voice once he 's out of office .
There 's @ @ @ @ @ November .
More than most people know .

Mark my words, if Trump loses in November, Twitter will soon ban his account.
There's no way they'll allow him to have such a powerful voice once he's out of office.
There's a lot at stake in November.
More than most people know.
— Mark Dice (@MarkDice) May 27, 2020


investmentwatchblog--2020-05-27--Tropical Storm Bertha: Bertha has formed near the coast of South Carolina and is about to landfall!

..TROPICAL STORM WARNING IN EFFECT… A TROPICAL STORM WARNING MEANS TROPICAL STORM-FORCE WINDS ARE EXPECTED SOMEWHERE WITHIN THIS AREA WITHIN THE NEXT 36 HOURS * LOCATIONS AFFECTED – CHARLESTON – MCCLELLANVILLE – EDISTO ISLAND * WIND – LATEST LOCAL FORECAST : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK , SIZE AND INTENSITY : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– POTENTIAL IMPACTS : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
* STORM SURGE – @ @ @ @ @ @ @ THIS TIME .
TO BE UPDATED SHORTLY .
– THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK , SIZE AND INTENSITY : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– POTENTIAL IMPACTS : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
* FLOODING RAIN – LATEST LOCAL FORECAST : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK , SIZE AND INTENSITY : NOT AVAILABLE AT THIS @ @ @ @ @ @ @ – POTENTIAL IMPACTS : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
* TORNADO – LATEST LOCAL FORECAST : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK , SIZE AND INTENSITY : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
– POTENTIAL IMPACTS : NOT AVAILABLE AT THIS TIME .
TO BE UPDATED SHORTLY .
* FOR MORE INFORMATION : – This one in GOM will be worse…

..TROPICAL STORM WARNING IN EFFECT… A TROPICAL STORM WARNING MEANS TROPICAL STORM-FORCE WINDS ARE EXPECTED SOMEWHERE WITHIN THIS AREA WITHIN THE NEXT 36 HOURS * LOCATIONS AFFECTED – CHARLESTON – MCCLELLANVILLE – EDISTO ISLAND * WIND – LATEST LOCAL FORECAST: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK, SIZE AND INTENSITY: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – POTENTIAL IMPACTS: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. * STORM SURGE – LATEST LOCAL FORECAST: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK, SIZE AND INTENSITY: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – POTENTIAL IMPACTS: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. * FLOODING RAIN – LATEST LOCAL FORECAST: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK, SIZE AND INTENSITY: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – POTENTIAL IMPACTS: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. * TORNADO – LATEST LOCAL FORECAST: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – THREAT TO LIFE AND PROPERTY THAT INCLUDES TYPICAL FORECAST UNCERTAINTY IN TRACK, SIZE AND INTENSITY: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – POTENTIAL IMPACTS: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. * FOR MORE INFORMATION: –
www.weather.gov/CHS
www.ready.gov/hurricanes
We are primarily funded by readers. Please subscribe and donate to support us!
www.charlestoncounty.org/
This one in GOM will be worse…
It is pretty cool to see the formation and merger of two convective bursts in #91L this morning, seemingly bringing it to the threshold of being classified. These CBs or "hot towers" have been shown to aid in TC genesis, sometimes through merges like this.t.co/5Mr5XdgH0M pic.twitter.com/Tm0j45LPvY — Andy Hazelton (@AndyHazelton) May 27, 2020
#Bertha has formed near the coast of South Carolina – the 2nd named storm of the 2020 Atlantic #hurricane season to date. The only years on record (since 1851) with 2 Atlantic named storms prior to May 27 are 1887, 1908, 1951 and 2012. pic.twitter.com/hhLngR2q1V — Philip Klotzbach (@philklotzbach) May 27, 2020
h/t Luisport


investmentwatchblog--2020-05-27--WHEN YOU’RE A DEMOCRAT WHO’S LOST THE POLITICO:

When powerful people think the rules aren ’ t for them .
“ Here ’ s something that may be @ @ @ @ @ Biden vetting squad : News reports have Michigan Gov .
Gretchen Whitmer ’ s husband @ @ @ @ @ t-you-know-who-I-am ’ card with a vacation boat dock worker in the middle of a pandemic @ @ @ @ @ people in his state.
” More at the Detroit News : “ The owner of @ @ @ @ @ says Gov .
Gretchen Whitmer ’ s husband wanted his boat placed in the water @ @ @ @ @ as Whitmer urged residents not to rush to the region .
”

When powerful people think the rules aren’t for them. “Here’s something that may be of interest to the Joe Biden vetting squad: News reports have Michigan Gov. Gretchen Whitmer’s husband pulling the ‘don’t-you-know-who-I-am’ card with a vacation boat dock worker in the middle of a pandemic that has killed thousands of people in his state.”
More at the Detroit News: “The owner of a Northern Michigan dock company says Gov. Gretchen Whitmer’s husband wanted his boat placed in the water before the Memorial Day weekend as Whitmer urged residents not to rush to the region.”
h/t ED


investmentwatchblog--2020-05-27--11 Local TV Stations Pushed the Same Amazon-Scripted Segment

Amazon is taking proactive action ahead of Wednesday ’ s annual shareholders meeting—at which investors plan on demanding the company @ @ @ @ @ at least eight warehouse employees have died of Covid-19—by pushing a propaganda package to local @ @ @ @ @ corporation ’ s health and safety efforts .
While most TV news professionals have scoffed @ @ @ @ @ Amazon-provided content as news , at least ten stations across the country ran some form @ @ @ @ @ news broadcasts .

Read more here: bit.ly/2yyjbw8
Amazon is taking proactive action ahead of Wednesday’s annual shareholders meeting—at which investors plan on demanding the company address worker safety issues after at least eight warehouse employees have died of Covid-19—by pushing a propaganda package to local news outlets that promote the corporation’s health and safety efforts.
We are primarily funded by readers. Please subscribe and donate to support us!
While most TV news professionals have scoffed at the idea of running Amazon-provided content as news, at least ten stations across the country ran some form of the package on their news broadcasts.


investmentwatchblog--2020-05-27--Ambulance calls exploding in Florida a week after everything reopens.

Looks like the ICU ’ s are about to be overwhelmed again by mask protesters who are now corona patients @ @ @ @ @ watching this page several times a day over the past few months , and it @ @ @ @ @ bad before they decided to shut things down because of the initial spike .
Just @ @ @ @ @ inconvenience , didn ’ t you ?
F*ckin ’ idiots .
Now you ’ re @ @

Looks like the ICU’s are about to be overwhelmed again by mask protesters who are now corona patients.
www.pinellascounty.org/911/actcallspub.htm
I’ve been watching this page several times a day over the past few months, and it wasn’t even this bad before they decided to shut things down because of the initial spike.
We are primarily funded by readers. Please subscribe and donate to support us!
Just had to protest a minor inconvenience, didn’t you? F*ckin’ idiots. Now you’re paying.
AC


investmentwatchblog--2020-05-27--APC might lose her seat? A Trump-friendly, anti AOC dem is poised to win a NY house seat. [TIMCAST]

AOC is a great socialist .
She has done an incredible job of redistributing other people ’ s money into @ @ @

AOC is a great socialist. She has done an incredible job of redistributing other people’s money into her own pockets
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-05-27--We have now officially surpassed 100,000 deaths in the United States…. FDA commissioner: Virus ‘not

We have now officially surpassed 100,000 deaths in the United States…. FDA commissioner: Virus ‘not yet contained,’

Over 5.3 million people across the globe have been diagnosed with COVID-19 , the disease caused by the new respiratory @ @ @ @ @ compiled by the Center for Systems Science and Engineering at Johns Hopkins University .
The @ @ @ @ @ be much higher due to testing shortages , many unreported cases and suspicions that some @ @ @ @ @ of their nations ’ outbreaks .
The United States is the worst-affected country in the @ @ @ @ @ 1.6 million diagnosed cases and at least 97,424 deaths .

by mouselett
Coronavirus updates: Virus ‘not yet contained,’ FDA commissioner warns
Over 5.3 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some governments are hiding the scope of their nations’ outbreaks.
The United States is the worst-affected country in the world, with more than 1.6 million diagnosed cases and at least 97,424 deaths.
Today’s biggest developments: