investmentwatchblog--2020-09-30--The Election Has Already Been Hijacked and the Winner Decided: ‘We the People’ Lose

by John Whitehead via The Rutherford Institute Republicans and Democrats alike fear that the other party will attempt to hijack this election .
President Trump is convinced that mail-in ballots are a scam except in Florida , where it ’ s safe to vote by mail because of its “ great Republican governor.
” The FBI is worried about foreign hackers continuing to target and exploit vulnerabilities in the nation ’ s electoral system , sowing distrust about the parties , the process and the outcome .
I , on the other hand , am not overly worried : after @ @ @ @ @ @ @ been hijacked by a political elite comprised of Republicans and Democrats who are determined to retain power at all costs .
The outcome is a foregone conclusion : the Deep State will win and “ we the people ” will lose .
The damage has already been done .
The Department of Homeland Security ( DHS ) , which has been tasked with helping to “ secure ” the elections and protect the nation against cyberattacks , is not exactly an agency known for its adherence to freedom principles .
After all , @ @ @ @ @ @ @ turning the American republic into a police state .
Since its creation , the DHS has ushered in the domestic use of surveillance drones , expanded the reach of fusion centers , stockpiled an alarming amount of ammunition ( including hollow point bullets ) , urged Americans to become snitches through a “ see something , say something ” campaign , overseen the fumbling antics of TSA agents everywhere , militarized the nation ’ s police , spied on activists and veterans , distributed license plate readers and cell phone trackers to law @ @ @ @ @ @ @ camps , carried out military drills and lockdowns in American cities , conducted virtual strip searches of airline passengers , established Constitution-free border zones , funded city-wide surveillance cameras , and undermined the Fourth Amendment at every turn .
So , no , I ’ m not losing a night ’ s sleep over the thought that this election might by any more rigged than it already is .
And I ’ m not holding my breath in the hopes that the winner of this year ’ s popularity contest will save us @ @ @ @ @ @ @ militarized police , endless wars , SWAT team raids , asset forfeiture schemes , overcriminalization , profit-driven private prisons , graft and corruption , or any of the other evils that masquerade as official government business these days .
You see , after years of trying to wake Americans up to the reality that there is no political savior who will save us from the police state , I ’ ve come to realize that Americans want to engage in the reassurance ritual of voting .
They want to believe the fantasy that @ @ @ @ @ @ @ persuaded that there ’ s a difference between the Republicans and Democrats ( there ’ s not ) .
Some will swear that Donald Trump has been an improvement on Barack Obama ( he is not ) .
Others are convinced that Joe Biden ’ s values are different from Donald Trump ’ s ( with both of them , money talks ) .
Most of all , voters want to buy into the fantasy that when they elect a president , they ’ re getting someone who truly represents the citizenry rather @ @ @ @ @ @ @ , in the oligarchy that is the American police state , an elite group of wealthy donors is calling the shots in cooperation with a political elite ) .
The sad truth is that it doesn ’ t matter who wins the White House , because they all work for the same boss : Corporate America .
Understanding this , many corporations hedge their bets on who will win the White House by splitting their donations between Democratic and Republican candidates .
Politics is a game , a joke , a hustle , @ @ @ @ @ @ @ spectacle , a sport , and for many devout Americans , a religion .
It is a political illusion aimed at persuading the citizenry that we are free , that our vote counts , and that we actually have some control over the government when in fact , we are prisoners of a Corporate Elite .
In other words , it ’ s a sophisticated ruse aimed at keeping us divided and fighting over two parties whose priorities , more often than not , are exactly the same so that we don ’ @ @ @ @ @ @ @ Declaration of Independence suggests , which is to throw the whole lot out and start over .
It ’ s no secret that both parties support endless war , engage in out-of-control spending , ignore the citizenry ’ s basic rights , have no respect for the rule of law , are bought and paid for by Big Business , care most about their own power , and have a long record of expanding government and shrinking liberty .
Most of all , both parties enjoy an intimate , incestuous history with each @ @ @ @ @ @ @ rule this country .
Despite the jabs the candidates volley at each other for the benefit of the cameras , they ’ re a relatively chummy bunch away from the spotlight .
Moreover , despite Congress ’ so-called political gridlock , our elected officials seem to have no trouble finding common ground when it ’ s time to collectively kowtow to the megacorporations , lobbyists , defense contractors and other special interest groups to whom they have pledged their true allegiance .
So don ’ t be fooled by the smear campaigns and @ @ @ @ @ @ @ of hate .
They ’ re just useful tactics that have been proven to engage voters and increase voter turnout while keeping the citizenry at each other ’ s throats .
It used to be that the cogs , wheels and gear shifts in the government machinery worked to keep the republic running smoothly .
However , without our fully realizing it , the mechanism has changed .
Its purpose is no longer to keep our republic running smoothly .
To the contrary , this particular contraption ’ s purpose is to keep @ @ @ @ @ @ @ various parts are already a corrupt part of the whole .
Just consider how insidious , incestuous and beholden to the corporate elite the various “ parts ” of the mechanism have become .
Congress .
Perhaps the most notorious offenders and most obvious culprits in the creation of the corporate-state , Congress has proven itself to be both inept and avaricious , oblivious champions of an authoritarian system that is systematically dismantling their constituents ’ fundamental rights .
Long before they ’ re elected , Congressmen are trained to dance to the @ @ @ @ @ @ @ much so that they spend two-thirds of their time in office raising money .
As Reuters reports , “ For many lawmakers , the daily routine in Washington involves fundraising as much as legislating .
The culture of nonstop political campaigning shapes the rhythms of daily life in Congress , as well as the landscape around the Capitol .
It also means that lawmakers often spend more time listening to the concerns of the wealthy than anyone else.
” The President .
What Americans want in a president and what they need are @ @ @ @ @ @ @ of a popular president is an exercise in branding , marketing and creating alternate realities for the consumer—a.k.a.
, the citizenry—that allows them to buy into a fantasy about life in America that is utterly divorced from our increasingly grim reality .
Take President Trump , for instance , who got elected by promising to drain the swamp in Washington DC .
Instead of putting an end to the corruption , however , Trump has paved the way for lobbyists , corporations , the military industrial complex , and the rest of the @ @ @ @ @ @ @ “ The 7th Floor Group ” ) to feast on the carcass of the dying American republic .
The lesson : to be a successful president , it doesn ’ t matter whether you keep your campaign promises , sell the American people to the highest bidder , or march in lockstep with the Corporate State as long as you keep telling people what they most want to hear .
The Supreme Court .
The U.S. Supreme Court—once the last refuge of justice , the one governmental body really capable of rolling back @ @ @ @ @ @ @ become the champion of the American police state , absolving government and corporate officials of their crimes while relentlessly punishing the average American for exercising his or her rights .
Like the rest of the government , the Court has routinely prioritized profit , security , and convenience over the basic rights of the citizenry .
Indeed , law professor Erwin Chemerinsky makes a compelling case that the Supreme Court , whose “ justices have overwhelmingly come from positions of privilege , ” almost unerringly throughout its history sides with the wealthy , @ @ @ @ @ @ @ The Media .
Of course , this triumvirate of total control would be completely ineffective without a propaganda machine provided by the world ’ s largest corporations .
Besides shoveling drivel down our throats at every possible moment , the so-called news agencies which are supposed to act as bulwarks against government propaganda have instead become the mouthpieces of the state .
The pundits which pollute our airwaves are at best court jesters and at worst propagandists for the false reality created by the American government .
When you have internet and media @ @ @ @ @ @ @ , News Corporation , Turner Broadcasting , Thomson Reuters , Comcast , Time Warner , Viacom , Public Radio International and The Washington Post Company donating to political candidates , you no longer have an independent media—what we used to refer to as the “ fourth estate ” —that can be trusted to hold the government accountable .
The American People .
“ We the people ” now belong to a permanent underclass in America .
It doesn ’ t matter what you call us—chattel , slaves , worker bees , it ’ @ @ @ @ @ @ @ we are expected to march in lockstep with and submit to the will of the state in all matters , public and private .
Unfortunately , through our complicity in matters large and small , we have allowed an out-of-control corporate-state apparatus to take over every element of American society .
The game is rigged , and “ we the people ” keep getting dealt the same losing hand .
The people dealing the cards—the politicians , the corporations , the judges , the prosecutors , the police , the bureaucrats , the @ @ @ @ @ @ @ one prevailing concern , and that is to maintain their power and control over the citizenry , while milking us of our money and possessions .
It really doesn ’ t matter what you call them—Republicans , Democrats , the 1 % , the elite , the controllers , the masterminds , the shadow government , the police state , the surveillance state , the military industrial complex—so long as you understand that while they are dealing the cards , the deck will always be stacked in their favor .
As I make @ @ @ @ @ @ @ : The War on the American People , our failure to remain informed about what is taking place in our government , to know and exercise our rights , to vocally protest , to demand accountability on the part of our government representatives , and at a minimum to care about the plight of our fellow Americans has been our downfall .
Now we find ourselves once again caught up in the spectacle of another presidential election , and once again the majority of Americans are acting as if this election will make @ @ @ @ @ @ @ As if the new boss will be different from the old boss .
When in doubt , just remember what the astute commentator George Carlin had to say about the matter : The politicians are put there to give you the idea that you have freedom of choice .
You don ’ t .
You have no choice .
You have owners .
They own you .
They own everything .
They own all the important land .
They own and control the corporations .
They ’ ve long since bought and paid @ @ @ @ @ @ @ the state houses , the city halls .
They got the judges in their back pockets and they own all the big media companies , so they control just about all of the news and information you get to hear .
They got you by the balls .
They spend billions of dollars every year lobbying .
Lobbying to get what they want .
Well , we know what they want .
They want more for themselves and less for everybody else , but I ’ ll tell you what they don ’ @ @ @ @ @ @ @ want a population of citizens capable of critical thinking .
They don ’ t want well-informed , well-educated people capable of critical thinking .
They ’ re not interested in that .
That doesn ’ t help them .
That ’ s against their interests .
They want obedient workers .
Obedient workers , people who are just smart enough to run the machines and do the paperwork… .
It ’ s a big club and you ain ’ t in it .
You and I are not in the big club .
@ @ @ @ @ @ @ The game is rigged and nobody seems to notice… .
Nobody seems to care .
That ’ s what the owners count on… .
It ’ s called the American Dream , ’ cause you have to be asleep to believe it .
Constitutional attorney and author John W. Whitehead is founder and president of .
His new book Battlefield America : The War on the American People is available at .
Whitehead can be contacted at johnw @ rutherford.org .

by John Whitehead via The Rutherford Institute
“Free election of masters does not abolish the masters or the slaves.” ― Herbert Marcuse
Republicans and Democrats alike fear that the other party will attempt to hijack this election.
President Trump is convinced that mail-in ballots are a scam except in Florida, where it’s safe to vote by mail because of its “great Republican governor.”
The FBI is worried about foreign hackers continuing to target and exploit vulnerabilities in the nation’s electoral system, sowing distrust about the parties, the process and the outcome.
I, on the other hand, am not overly worried: after all, the voting booths have already been hijacked by a political elite comprised of Republicans and Democrats who are determined to retain power at all costs.
The outcome is a foregone conclusion: the Deep State will win and “we the people” will lose.
The damage has already been done.
The Department of Homeland Security (DHS), which has been tasked with helping to “secure” the elections and protect the nation against cyberattacks, is not exactly an agency known for its adherence to freedom principles.
After all, this is the agency largely responsible for turning the American republic into a police state. Since its creation, the DHS has ushered in the domestic use of surveillance drones, expanded the reach of fusion centers, stockpiled an alarming amount of ammunition (including hollow point bullets), urged Americans to become snitches through a “see something, say something” campaign, overseen the fumbling antics of TSA agents everywhere, militarized the nation’s police, spied on activists and veterans, distributed license plate readers and cell phone trackers to law enforcement agencies, contracted to build detention camps, carried out military drills and lockdowns in American cities, conducted virtual strip searches of airline passengers, established Constitution-free border zones, funded city-wide surveillance cameras, and undermined the Fourth Amendment at every turn.
So, no, I’m not losing a night’s sleep over the thought that this election might by any more rigged than it already is.
And I’m not holding my breath in the hopes that the winner of this year’s popularity contest will save us from government surveillance, weaponized drones, militarized police, endless wars, SWAT team raids, asset forfeiture schemes, overcriminalization, profit-driven private prisons, graft and corruption, or any of the other evils that masquerade as official government business these days.
You see, after years of trying to wake Americans up to the reality that there is no political savior who will save us from the police state, I’ve come to realize that Americans want to engage in the reassurance ritual of voting.
They want to believe the fantasy that politics matter.
They want to be persuaded that there’s a difference between the Republicans and Democrats (there’s not).
Some will swear that Donald Trump has been an improvement on Barack Obama (he is not).
Others are convinced that Joe Biden’s values are different from Donald Trump’s (with both of them, money talks).
Most of all, voters want to buy into the fantasy that when they elect a president, they’re getting someone who truly represents the citizenry rather than the Deep State (in fact, in the oligarchy that is the American police state, an elite group of wealthy donors is calling the shots in cooperation with a political elite).
The sad truth is that it doesn’t matter who wins the White House, because they all work for the same boss: Corporate America. Understanding this, many corporations hedge their bets on who will win the White House by splitting their donations between Democratic and Republican candidates.
Politics is a game, a joke, a hustle, a con, a distraction, a spectacle, a sport, and for many devout Americans, a religion. It is a political illusion aimed at persuading the citizenry that we are free, that our vote counts, and that we actually have some control over the government when in fact, we are prisoners of a Corporate Elite.
In other words, it’s a sophisticated ruse aimed at keeping us divided and fighting over two parties whose priorities, more often than not, are exactly the same so that we don’t join forces and do what the Declaration of Independence suggests, which is to throw the whole lot out and start over.
We are primarily funded by readers. Please subscribe and donate to support us!
It’s no secret that both parties support endless war, engage in out-of-control spending, ignore the citizenry’s basic rights, have no respect for the rule of law, are bought and paid for by Big Business, care most about their own power, and have a long record of expanding government and shrinking liberty. Most of all, both parties enjoy an intimate, incestuous history with each other and with the moneyed elite that rule this country.
Despite the jabs the candidates volley at each other for the benefit of the cameras, they’re a relatively chummy bunch away from the spotlight. Moreover, despite Congress’ so-called political gridlock, our elected officials seem to have no trouble finding common ground when it’s time to collectively kowtow to the megacorporations, lobbyists, defense contractors and other special interest groups to whom they have pledged their true allegiance.
So don’t be fooled by the smear campaigns and name-calling or drawn into their divide-and-conquer politics of hate. They’re just useful tactics that have been proven to engage voters and increase voter turnout while keeping the citizenry at each other’s throats.
It’s all a grand illusion.
It used to be that the cogs, wheels and gear shifts in the government machinery worked to keep the republic running smoothly. However, without our fully realizing it, the mechanism has changed. Its purpose is no longer to keep our republic running smoothly. To the contrary, this particular contraption’s purpose is to keep the Deep State in power. Its various parts are already a corrupt part of the whole.
Just consider how insidious, incestuous and beholden to the corporate elite the various “parts” of the mechanism have become.
Congress. Perhaps the most notorious offenders and most obvious culprits in the creation of the corporate-state, Congress has proven itself to be both inept and avaricious, oblivious champions of an authoritarian system that is systematically dismantling their constituents’ fundamental rights. Long before they’re elected, Congressmen are trained to dance to the tune of their wealthy benefactors, so much so that they spend two-thirds of their time in office raising money. As Reuters reports, “For many lawmakers, the daily routine in Washington involves fundraising as much as legislating. The culture of nonstop political campaigning shapes the rhythms of daily life in Congress, as well as the landscape around the Capitol. It also means that lawmakers often spend more time listening to the concerns of the wealthy than anyone else.”
The President. What Americans want in a president and what they need are two very different things. The making of a popular president is an exercise in branding, marketing and creating alternate realities for the consumer—a.k.a., the citizenry—that allows them to buy into a fantasy about life in America that is utterly divorced from our increasingly grim reality. Take President Trump, for instance, who got elected by promising to drain the swamp in Washington DC. Instead of putting an end to the corruption, however, Trump has paved the way for lobbyists, corporations, the military industrial complex, and the rest of the Deep State (also referred to as “The 7th Floor Group”) to feast on the carcass of the dying American republic. The lesson: to be a successful president, it doesn’t matter whether you keep your campaign promises, sell the American people to the highest bidder, or march in lockstep with the Corporate State as long as you keep telling people what they most want to hear.
The Supreme Court. The U.S. Supreme Court—once the last refuge of justice, the one governmental body really capable of rolling back the slowly emerging tyranny enveloping America—has instead become the champion of the American police state, absolving government and corporate officials of their crimes while relentlessly punishing the average American for exercising his or her rights. Like the rest of the government, the Court has routinely prioritized profit, security, and convenience over the basic rights of the citizenry. Indeed, law professor Erwin Chemerinsky makes a compelling case that the Supreme Court, whose “justices have overwhelmingly come from positions of privilege,” almost unerringly throughout its history sides with the wealthy, the privileged, and the powerful.
The Media. Of course, this triumvirate of total control would be completely ineffective without a propaganda machine provided by the world’s largest corporations. Besides shoveling drivel down our throats at every possible moment, the so-called news agencies which are supposed to act as bulwarks against government propaganda have instead become the mouthpieces of the state. The pundits which pollute our airwaves are at best court jesters and at worst propagandists for the false reality created by the American government. When you have internet and media giants such as Google, NBC Universal, News Corporation, Turner Broadcasting, Thomson Reuters, Comcast, Time Warner, Viacom, Public Radio International and The Washington Post Company donating to political candidates, you no longer have an independent media—what we used to refer to as the “fourth estate”—that can be trusted to hold the government accountable.
The American People. “We the people” now belong to a permanent underclass in America. It doesn’t matter what you call us—chattel, slaves, worker bees, it’s all the same—what matters is that we are expected to march in lockstep with and submit to the will of the state in all matters, public and private. Unfortunately, through our complicity in matters large and small, we have allowed an out-of-control corporate-state apparatus to take over every element of American society.
We’re playing against a stacked deck.
The game is rigged, and “we the people” keep getting dealt the same losing hand. The people dealing the cards—the politicians, the corporations, the judges, the prosecutors, the police, the bureaucrats, the military, the media, etc.—have only one prevailing concern, and that is to maintain their power and control over the citizenry, while milking us of our money and possessions.
It really doesn’t matter what you call them—Republicans, Democrats, the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex—so long as you understand that while they are dealing the cards, the deck will always be stacked in their favor.
As I make clear in my book, Battlefield America: The War on the American People, our failure to remain informed about what is taking place in our government, to know and exercise our rights, to vocally protest, to demand accountability on the part of our government representatives, and at a minimum to care about the plight of our fellow Americans has been our downfall.
Now we find ourselves once again caught up in the spectacle of another presidential election, and once again the majority of Americans are acting as if this election will make a difference and bring about change. As if the new boss will be different from the old boss.
When in doubt, just remember what the astute commentator George Carlin had to say about the matter:
The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the state houses, the city halls. They got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying. Lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want. They don’t want a population of citizens capable of critical thinking. They don’t want well-informed, well-educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests. They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork…. It’s a big club and you ain’t in it. You and I are not in the big club. …The table is tilted, folks. The game is rigged and nobody seems to notice…. Nobody seems to care. That’s what the owners count on…. It’s called the American Dream, ’cause you have to be asleep to believe it.
WC: 2094
ABOUT JOHN W. WHITEHEAD
Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute . His new book Battlefield America: The War on the American People is available at www.amaz o n.com . Whitehead can be contacted at johnw@rutherford.org.


investmentwatchblog--2020-09-30--TOP-5 Companies in the S&P 500 (SPX) and the 300 Cheapest in the Index Always Move in Different Dire

TOP-5 Companies in the S&P 500 (SPX) and the 300 Cheapest in the Index Always Move in Different Directions

And the share of the 5 largest companies is the highest ever in 2020 .
The top 5 companies in @ @ @ @ @ have nearly mirrored the stock prices of the 300 cheapest companies in the index for @ @ @ @ @ Leuthold Group Analysis .
Among other things , the analysis also shows that at the @ @ @ @ @ account for almost 22 % of the index , and the 10 largest companies occupy @ @ @ @ @ is the largest consolidation in history , surpassing even the heyday of the dot-com bubble @ @ @ @ @ also been dominated by the giants .
It is reported that 42 % of the @ @ @ @ @ occupied by just 4 of the largest technology companies , Apple , Microsoft , Amazon @ @ @ @ @ Correction Slightly Shaken the Positions of the Largest Companies In early September , the share @ @ @ @ @ the S & P 500 Index was even higher , however , due to the @ @ @ @ @ companies have lost a significant share of their capitalization .

by Usman Salis
And the share of the 5 largest companies is the highest ever in 2020.
Image Source: Twitter @LeutholdGroup
The top 5 companies in the S&P 500 have nearly mirrored the stock prices of the 300 cheapest companies in the index for decades, according to The Leuthold Group Analysis. We are primarily funded by readers. Please subscribe and donate to support us!
S&P 500 Is Dominated by Giants
Among other things, the analysis also shows that at the moment the 5 largest companies account for almost 22% of the index, and the 10 largest companies occupy about 28%. It is the largest consolidation in history, surpassing even the heyday of the dot-com bubble.
Image Source: Twitter @LeutholdGroup
The Nasdaq 100 has also been dominated by the giants. It is reported that 42% of the index’s capitalization is occupied by just 4 of the largest technology companies, Apple, Microsoft, Amazon and Alphabet.
The September Correction Slightly Shaken the Positions of the Largest Companies
In early September, the share of the largest companies in the S&P 500 Index was even higher, however, due to the past correction, the largest companies have lost a significant share of their capitalization.


investmentwatchblog--2020-09-30--AMD Stocks Target Price Is Set to $100 by Famous Trader due to the Strong Technical Pattern

@ traderstewie believes AMD stocks will rise by 35 % – 45 % after pushing off the 50-day Moving Average line Famous trader and technical analyst @ traderstewie claims that stocks of AMD , a semiconductor company that develops computer processors and related technologies for business and consumer markets , show good dynamics and should rise significantly in the near future .
Very strong relative strength last week as it wedged and bottomed at the 50 day MA .
$ AMD slowly yet surely coming out of that Wedge pattern .
Targets $ 95 to $ 100 @ traderstewie via @ @ @ @ @ @ @ ’ s shares are now in a promising position for growth : last week the price bounced off the support line at the 50-day moving average and is now gradually growing .
In addition , @ traderstewie names a new target price , to which , in his opinion , AMD will grow .
It is $ 95-100 .
Thus , the trader believes that the stock can show growth from 35 % to 45 % .
Earlier , analyst had predicted that AMD shares would be worth more than $ 100 .
@ @ @ @ @ @ @ the closest target prices will be $ 79 , $ 89 and $ 100 consecutively .
In October , the company will make several important announcements .
The company will present new CPUs , which use innovative Zen 3 architecture designed by AMD earlier this month .
On October 28 , the company will present new GPU ’ s on the RDNA 2 architecture line .
In recent months , the company ’ s shares have been heavily influenced by the market correction .
After peaking above $ 92 per share in early @ @ @ @ @ @ @ 15 % .
Nevertheless , the technology sector is now actively recovering , AMD demonstrates steady growth .
From a low on September 18 , stocks are up nearly 10 % .
Today the growth continued and amounted to 3.5 % .
At the moment the price of AMD stocks is $ 82.2 .

by Saad Ullah
@traderstewie believes AMD stocks will rise by 35% – 45% after pushing off the 50-day Moving Average line
Famous trader and technical analyst @traderstewie claims that stocks of AMD, a semiconductor company that develops computer processors and related technologies for business and consumer markets, show good dynamics and should rise significantly in the near future.
Very strong relative strength last week as it wedged and bottomed at the 50 day MA. $AMD slowly yet surely coming out of that Wedge pattern. Targets $95 to $100 @traderstewie via Twitter
The trader believes that the company’s shares are now in a promising position for growth: last week the price bounced off the support line at the 50-day moving average and is now gradually growing. In addition, @traderstewie names a new target price, to which, in his opinion, AMD will grow. It is $95-100. Thus, the trader believes that the stock can show growth from 35% to 45%.
Earlier Forecasts and AMD’s October Announcements
Earlier, analyst had predicted that AMD shares would be worth more than $100. Last week @StockDweebs pointed out that the closest target prices will be $79, $89 and $ 100 consecutively.
In October, the company will make several important announcements. The company will present new CPUs, which use innovative Zen 3 architecture designed by AMD earlier this month. On October 28, the company will present new GPU’s on the RDNA 2 architecture line.
Current AMD Stock Price
In recent months, the company’s shares have been heavily influenced by the market correction. After peaking above $92 per share in early September, the stock fell more than 15%. Nevertheless, the technology sector is now actively recovering, AMD demonstrates steady growth. From a low on September 18, stocks are up nearly 10%. Today the growth continued and amounted to 3.5%. At the moment the price of AMD stocks is $ 82.2.


investmentwatchblog--2020-09-30--1 In 3 California Restaurants Expect To Close Locations, Shut Down Permanently Due To COVID Rules

With several counties still not allowed to have indoor dining , many restaurants across Southern California and the state are @ @ @ @ @ coronavirus shutdown .
Antonis Konnaris opened the doors of his Greek restaurant in 1995 .
@ @ @ @ @ has dropped by as much as 70 percent .
“ It ’ s sad , @ @ @ @ @ .
“ I have a family .
I don ’ t know what else to @ @ @ @ @

With several counties still not allowed to have indoor dining, many restaurants across Southern California and the state are not expected to survive the coronavirus shutdown.
Antonis Konnaris opened the doors of his Greek restaurant in 1995. Since March, his business has dropped by as much as 70 percent.
“It’s sad,” Konnaris said, weeping. “I have a family. I don’t know what else to do. Just cooking.
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“If I lose this, I lose my family
h/t Goneviral


investmentwatchblog--2020-09-30--IRIB’s YJC confirms downing a UAV over the “Malekan” county in Eastern Azerbaijan province of Iran (

IRIB’s YJC confirms downing a UAV over the “Malekan” county in Eastern Azerbaijan province of Iran (near nuke site?)

Things just became a whole lot more complex .

Things just became a whole lot more complex.
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IRIB's YJC confirms downing a UAV over the "Malekan" county in Eastern Azerbaijan province of #Iran [NW of Iran] t.co/XoEE6BHjy9 — Aleph א (@no_itsmyturn) September 29, 2020
The missile fired by the #Armenia’n army against the #Azerbaijan’i army was destroyed by the air defense system in #Malekan, #Iran. pic.twitter.com/RqzHKntd2J — Requ (@Just_Requ) September 29, 2020
That war is sandwiching Iran from each side. — Lavrans (@Skipsvrak) September 29, 2020
h/t Tekton


investmentwatchblog--2020-09-30--“Enormous Uncertainty” Despite Fed Fueled Market Surge.

“ Enormous Uncerntainty.
” That is how SimplyWise stated the situation in their latest “ retirement confidence survey.
” Such is despite a surging stock market from the March lows , trillions in liquidity support from the Fed , and a rebound in economic activity .
So , what ’ s the problem ?
Here is SimplyWise : • Given the current economic climate , only 19 % of Americans plan to invest more in the stock market .
However , only 34 % of households with an income of more than $ 100k plan to invest more in stocks @ @ @ @ @ @ @ planning to save more .
• 51 % of Americans think the stock market will decline by 20 % over the next 6-months .
Only 5 % believe it ’ s improbable .
• 36 % believe the economy will worsen in the next 6-months , and 28 % think it will get better .
• 63 % of Americans are confident in the future of Social Security if Biden is elected versus only 44 % if Trump is elected .
• 86 % of Americans are concerned that the current payroll tax @ @ @ @ @ @ @ term .
( 90 % of Dems and 83 % of Republicans ) .
There are several critical issues in the index which encapsulate the ongoing financial distress that existing before the pandemic , but have since markedly worsened .
Here are some additional key findings as they relate to the financial insecurity of Americans today .
• 15 % of people who lost their job due to COVID-19 are now planning to retire earlier than anticipated .
Just 10 % in their 50s and 60s are now planning to retire earlier than @ @ @ @ @ @ @ in their 50s are not confident they ’ ll maintain their same quality of life in retirement .
• 30 % of people in their 50s saved $ 0 for retirement in the last year—and 43 % of them couldn ’ t last more than a month on their savings .
• 27 % of Americans are now considering tapping their 401 ( k ) —a pandemic high .
• 45 % of Hispanics , 39 % of Black , and 34 % of White Americans couldn ’ t last a month on @ @ @ @ @ @ @ Americans feel confident in the future of Social Security if Biden is elected .
Only 44 % feel optimistic with the re-election of President Trump .
These statistics , while stunning , importantly , NOT a result of the COVID-19 pandemic .
The financial insecurity of Americans is an issue that has continued to grow over the last two decades .
Such is an issue we discussed in “ Boomers Are Facing A Financial Crisis.
” Such an inability to fill the gap between the incomes and the “ cost of living , @ @ @ @ @ @ @ in debt , continues to give rise to financial and lifestyle concerns .
As noted : The reported problem was worst for those closest to retirement .
Such is not surprising given the ongoing $ 70 Trillion unfunded liabilities for social welfare programs , which exacerbate each year .
The collapse in economic growth has resulted in a collapse in Federal Tax revenue needed to pay for the massive social welfare schemes in the U.S .
It now requires over 100 % of Federal tax receipts to meet the mandatory spending of social @ @ @ @ @ @ @ In other words , we are now going into debt more to provide social assistance .
How Bad Is It ?
It isn ’ t projected to get better .
That report , dire in its warning already , was issued before the “ Pandemic ” and “ economic shutdown.
” Meanwhile , demographics are blowing up the basic premise of the funding of Social Security .
There were 2.8 workers for every Social Security recipient in 2017 .
That ’ s down from 3.3 in 2007 , and that ’ s way @ @ @ @ @ @ @ in 1960 .
Furthermore , the two programs function mostly as a giant conveyor belt to transfer wealth from the young and relatively poor to the old and relatively wealthy .
Such allows the average person ( who now lives to be 78 ) more than a decade of taxpayer-funded retirement .
In April , welfare spiked to the highest percentage of disposable personal incomes in history as the Government responded with massive taxpayer funds subsidies .
While those numbers have declined in recent months , as the fiscal support runs dry , @ @ @ @ @ @ @ personal incomes .
Unfortunately , recycled tax dollars used for consumptive purposes has virtually no impact on increasing economic activity .
However , given the rather dire statistics , you can understand why for Americans in their 50s , 65 % are now worried that Social Security will dry up by the time they retire .
Moreover , 50 % of them are concerned about paying for daily living expenses in retirement .
The lack of financial security , and concerns over the solvency and stability of social welfare , has led to @ @ @ @ @ @ @ the D.A.D .
retirement plan .
( Die .
At .
Desk . )
We have discussed the lack of financial savings many times previously .
Not surprisingly , SimplyWise noted the same in their survey .
The statistics are even worse for older Americans .
These statistics are not new .
However , there are far-reaching consequences on both the fiscal solvency of social welfare and long-run economic growth .
These are pretty depressing statistics when you think about it .
However , for the bottom-80 % of income earners whose income @ @ @ @ @ @ @ two decades , the roadblocks to being “ financially secure ” for retirement shouldn ’ t be surprising .
In a survey from Kiplinger and Personal Capital , Americans said the biggest roadblocks to saving for retirement were : • The high cost of health insurance .
“ From 1999 to 2017 , the cost of family health insurance coverage has more than doubled the amount of take-home pay it consumes.
” • Disappointing investment performance .
“ Just under 30 % of all respondents ( 29.4 % ) said that disappointing investment @ @ @ @ @ @ @ much as they would have liked to for retirement.
” • The amount of consumer debt they carried .
“ 21.3 % of Americans said that debt , not including student loans , kept them from saving for retirement combined with the increased costs of living.
” The financial “ insecurity ” of most Americans has been the result of decades of financial mismanagement .
Stagnant wage growth , combined with a consistent relaxation of lending standards , led to three generations of Americans living beyond their means .
The problem with “ @ @ @ @ @ @ @ it leaves you with a financially depleted tomorrow .
However , the financial media is full of “ pundits ” and “ gurus , ” suggesting that if you aggressively invest in the financial markets , all your problems will disappear .
However , the problem with the thesis is it hasn ’ t worked out that way .
Repeated crashes in the stock market have destroyed both investor wealth and confidence .
As SimplyWise noted , only a small fraction of respondents were planning to invest more in the financial markets due @ @ @ @ @ @ @ the Fed keeps inflating stock markets , the “ trickle-down ” effect has yet to occur .
Even as noted in the SimplyWise survey , “ disappointing investment returns ” have stunted retirees saving plans .
However , after 4-decades of transferring wealth from the middle-class to the rich , it is the top-10 % of income earners who own 88 % of stock markets .
Therefore , it should not be surprising that most individuals planning to invest more are in the top income brackets .
For the rest , two major @ @ @ @ @ @ @ , and surging costs of living have eroded any ability to build savings for retirement .
Such is why most retirees will depend on social welfare for 50 % , or more , of their retirement income .
The mirage of consumer wealth has not been a function of a broad-based increase in Americans ’ net worth .
Instead , it has been a division in the country between the Top 20 % who have the wealth and the Bottom 80 % dependent on increasing debt levels to sustain their current standard of @ @ @ @ @ @ @ individuals already vastly under-saved and dependent on social welfare , the current economic devastation will reveal the full extent of the “ retirement crisis.
” Of course , this is also why the calls for more socialistic policies continue to rise .

by Lance Roberts
“Enormous Uncerntainty.” That is how SimplyWise stated the situation in their latest “retirement confidence survey.” Such is despite a surging stock market from the March lows, trillions in liquidity support from the Fed, and a rebound in economic activity.
So, what’s the problem? Here is SimplyWise:
The current public heath, economic, and political reality in the United States has created enormous uncertainty for many Americans. A majority of citizens lack the savings to last them even three months. That savings gap is even more drastic when it comes to retirement. Indeed, the pandemic has wrought havoc on the retirement plans of many, driving some into early retirement and forcing others to postpone long-anticipated retirement plans. A majority of people today are more concerned than ever about retirement. According to the September 2020 SimplyWise Retirement Confidence Index, 58% of Americans are more concerned about retirement today compared to a year ago.” – SimplyWise September Index
Major Highlights
Given the current economic climate, only 19% of Americans plan to invest more in the stock market. However, only 34% of households with an income of more than $100k plan to invest more in stocks.
However, only 34% of households with an income of more than $100k plan to invest more in stocks. 40% of respondents are planning to save more.
51% of Americans think the stock market will decline by 20% over the next 6-months. Only 5% believe it’s improbable.
Only 5% believe it’s improbable. 36% believe the economy will worsen in the next 6-months, and 28% think it will get better.
and 28% think it will get better. 63% of Americans are confident in the future of Social Security if Biden is elected versus only 44% if Trump is elected.
versus only 44% if Trump is elected. 86% of Americans are concerned that the current payroll tax will hurt Social Security in the long term. (90% of Dems and 83% of Republicans).
There are several critical issues in the index which encapsulate the ongoing financial distress that existing before the pandemic, but have since markedly worsened.
Financial Insecurity
Here are some additional key findings as they relate to the financial insecurity of Americans today.
15% of people who lost their job due to COVID-19 are now planning to retire earlier than anticipated. J ust 10% in their 50s and 60s are now planning to retire earlier than expected.
of people who lost their job due to COVID-19 are now planning to retire earlier than anticipated. 58% of people in their 50s are not confident they’ll maintain their same quality of life in retirement.
of people in their 50s are 30% of people in their 50s saved $0 for retirement in the last year—and 43% of them couldn’t last more than a month on their savings.
27% of Americans are now considering tapping their 401(k)—a pandemic high.
45% of Hispanics, 39% of Black, and 34% of White Americans couldn’t last a month on their savings.
63% of Americans feel confident in the future of Social Security if Biden is elected. Only 44% feel optimistic with the re-election of President Trump.
These statistics, while stunning, importantly, NOT a result of the COVID-19 pandemic. The financial insecurity of Americans is an issue that has continued to grow over the last two decades. Such is an issue we discussed in “Boomers Are Facing A Financial Crisis.”
“The lack of savings, of course, is directly related to the rising cost of living versus the lack of wage growth over the last 35-years which led to a massive surge in debt to maintain the standard of living.”
Rising Concerns Across The Spectrum
Such an inability to fill the gap between the incomes and the “cost of living,” which is evident given the surge in debt, continues to give rise to financial and lifestyle concerns. As noted:
“For those not yet claiming Social Security benefits, financial concerns are among the highest anxieties around retirement. Fifty-seven percent worry about Social Security drying up, and 52% worry they will outlive their savings. For Americans who are currently on Social Security, 54% now worry about their benefits drying up—a significant increase from the 29% reported in July. Also, 47% are concerned about their ability to pay for medical bills in retirement. Another 47% are concerned about their ability to pay daily living expenses when they retire.” – SimplyWise
The reported problem was worst for those closest to retirement. Such is not surprising given the ongoing $70 Trillion unfunded liabilities for social welfare programs, which exacerbate each year.
The collapse in economic growth has resulted in a collapse in Federal Tax revenue needed to pay for the massive social welfare schemes in the U.S.
It now requires over 100% of Federal tax receipts to meet the mandatory spending of social welfare and interest on the debt. In other words, we are now going into debt more to provide social assistance.
How Bad Is It?
It isn’t projected to get better.
“Steadily worsening annual balances and cumulative values toward the end of the 75-year period provide an indication of the additional change that will be needed by that time in order to maintain solvency beyond 75 years. Consideration of summary measures alone for a 75‑year period can lead to incorrect perceptions and to policy prescriptions that do not achieve sustainable solvency.” – SSI 2020 Report
“Under current law, the projected cost of Social Security increases faster than projected income through 2040 primarily because the ratio of workers paying taxes to beneficiaries receiving benefits will decline as the baby-boom generation ages and is replaced at working ages with subsequent lower birth-rate generations. While the effects of the aging baby boom and subsequent lower birth rates will have largely stabilized after 2040, annual cost will continue to grow faster than income, but to a lesser degree, reflecting continuing increases in life expectancy. Based on the Trustees’ intermediate assumptions, Social Security’s cost exceeds total income beginning in 2021, and throughout the remainder of the 75‑year projection period.” – SSA
Getting Worse
That report, dire in its warning already, was issued before the “Pandemic” and “economic shutdown.”
Meanwhile, demographics are blowing up the basic premise of the funding of Social Security. There were 2.8 workers for every Social Security recipient in 2017. That’s down from 3.3 in 2007, and that’s way down from the 5.1 workers per beneficiary in 1960.
Furthermore, the two programs function mostly as a giant conveyor belt to transfer wealth from the young and relatively poor to the old and relatively wealthy. Such allows the average person (who now lives to be 78) more than a decade of taxpayer-funded retirement.
In April, welfare spiked to the highest percentage of disposable personal incomes in history as the Government responded with massive taxpayer funds subsidies. While those numbers have declined in recent months, as the fiscal support runs dry, welfare still comprises 1/3rd of total disposable personal incomes.
“During the ‘Great Depression,’ the economically devastated masses would form ‘breadlines.’ Today, those ‘breadlines’ form at the mailbox.”
Unfortunately, recycled tax dollars used for consumptive purposes has virtually no impact on increasing economic activity. However, given the rather dire statistics, you can understand why for Americans in their 50s, 65% are now worried that Social Security will dry up by the time they retire. Moreover, 50% of them are concerned about paying for daily living expenses in retirement.
We are primarily funded by readers. Please subscribe and donate to support us!
The D.A.D. Plan
The lack of financial security, and concerns over the solvency and stability of social welfare, has led to an increasing number of Americans to adopt the D.A.D. retirement plan. (Die. At. Desk.)
“The September Index found that more Americans than ever are planning to work into retirement. Today, 73% of workers plan to work after they claim Social Security retirement benefits. That is up from 67% this May and 72% in July. Delaying retirement may be attributed to the fact that only 63% of workers surveyed are making what they made prior to COVID-19.” – SimplyWise
We have discussed the lack of financial savings many times previously. Not surprisingly, SimplyWise noted the same in their survey.
“The September Index found that 30% of Americans saved nothing for retirement in the last year. In fact, the majority (56%) saved under $1,000 in the last year. The results were similar to those of May and July, when one in three Americans saved $0 for retirement.”
The statistics are even worse for older Americans.
“Of Americans in their 50s, 30% saved $0 for retirement in the last year. And 43% of people in their 50s couldn’t last more than a month off their savings.“
These statistics are not new. However, there are far-reaching consequences on both the fiscal solvency of social welfare and long-run economic growth.
The Savings Dilemma
These are pretty depressing statistics when you think about it. However, for the bottom-80% of income earners whose income growth has been stagnant over the last two decades, the roadblocks to being “financially secure” for retirement shouldn’t be surprising.
In a survey from Kiplinger and Personal Capital, Americans said the biggest roadblocks to saving for retirement were:
The high cost of health insurance. “From 1999 to 2017, the cost of family health insurance coverage has more than doubled the amount of take-home pay it consumes.”
“From 1999 to 2017, the cost of family health insurance coverage has more than doubled the amount of take-home pay it consumes.” Disappointing investment performance. “ Just under 30% of all respondents (29.4%) said that disappointing investment performance had stopped them from saving as much as they would have liked to for retirement.”
“ The amount of consumer debt they carried. “21.3% of Americans said that debt, not including student loans, kept them from saving for retirement combined with the increased costs of living.”
A Market For The Wealthy
The financial “insecurity” of most Americans has been the result of decades of financial mismanagement. Stagnant wage growth, combined with a consistent relaxation of lending standards, led to three generations of Americans living beyond their means.
The problem with “living for today,’ is that it leaves you with a financially depleted tomorrow. However, the financial media is full of “pundits” and “gurus,” suggesting that if you aggressively invest in the financial markets, all your problems will disappear.
However, the problem with the thesis is it hasn’t worked out that way. Repeated crashes in the stock market have destroyed both investor wealth and confidence. As SimplyWise noted, only a small fraction of respondents were planning to invest more in the financial markets due to changes in income levels.
No Trickle Down
While the Fed keeps inflating stock markets, the “trickle-down” effect has yet to occur. Even as noted in the SimplyWise survey, “disappointing investment returns” have stunted retirees saving plans.
However, after 4-decades of transferring wealth from the middle-class to the rich, it is the top-10% of income earners who own 88% of stock markets. Therefore, it should not be surprising that most individuals planning to invest more are in the top income brackets.
For the rest, two major bear markets, lack of wage growth, and surging costs of living have eroded any ability to build savings for retirement. Such is why most retirees will depend on social welfare for 50%, or more, of their retirement income.
The mirage of consumer wealth has not been a function of a broad-based increase in Americans’ net worth. Instead, it has been a division in the country between the Top 20% who have the wealth and the Bottom 80% dependent on increasing debt levels to sustain their current standard of living.
With the vast amount of individuals already vastly under-saved and dependent on social welfare, the current economic devastation will reveal the full extent of the “retirement crisis.”
Of course, this is also why the calls for more socialistic policies continue to rise.


investmentwatchblog--2020-09-30--FED Out of Ammo

FED Out of Ammo

Tom welcomes a new guest to Palisade , Sven Henrich .
Sven is the founder and lead market strategist for NorthmanTrader .
Sven outlines his corporate background and what led him to become interested in chart technicals , macro market picture , and trading .
He has developed a reputation for being highly critical of central banks .
Sven discusses past market cap to GDP valuations .
During the tech bubble , it reached 150 % , and at the peak of the housing bubble 135 % .
Afterward , the ratio collapsed to 75 % and 50 % respectively @ @ @ @ @ @ @ of permanent central bank intervention with the advent of QE “ emergency measures.
” Today , market participants understand that central banks will print more whenever the markets begin to correct .
In February , the market cap to GDP reached 154 % , and now after trillions in additional intervention , we are at the blow-off level of 185 % .
The highest market valuations in our lifetimes .
He discusses the indicators for XVG stock weighting and the VIX .
The VIX may be revealing a risky period through October and @ @ @ @ @ @ @ markets have topped out for now .
Sven says , “ There is not a central banker on the planet that will say enough is enough.. none of them are willing to admit the risks they are creating.
” There are massive demographic problems today that have no solution .
The dollar has had a breakout , but it appears to be nearing a pivot point .
He is currently neutral on gold , awaiting signals from either it or the dollar .
Time Stamp References : 0:58 – Svens background .
3:30 @ @ @ @ @ @ @ Marketcap to GDP 9:40 – Dangers to retail investors .
12:50 – XVG index for relative performance .
16:20 – VIX direction from here .
20:00 – Is the Fed out of ammo ?
23:50 – Downside risk in the markets .
26:55 – Can they correct wealth inequality .
29:50 – Seasonal Fall risks 32:05 – Outlook for the dollar .
34:20 – Gold expectations .
36:50 – Short-term expectations and politics .

Sven Henrich on Palisade Radio
Tom welcomes a new guest to Palisade, Sven Henrich. Sven is the founder and lead market strategist for NorthmanTrader. Sven outlines his corporate background and what led him to become interested in chart technicals, macro market picture, and trading. He has developed a reputation for being highly critical of central banks.
Sven discusses past market cap to GDP valuations. During the tech bubble, it reached 150%, and at the peak of the housing bubble 135%. Afterward, the ratio collapsed to 75% and 50% respectively. We have entered a new era of permanent central bank intervention with the advent of QE “emergency measures.” Today, market participants understand that central banks will print more whenever the markets begin to correct. In February, the market cap to GDP reached 154%, and now after trillions in additional intervention, we are at the blow-off level of 185%. The highest market valuations in our lifetimes.
He discusses the indicators for XVG stock weighting and the VIX. The VIX may be revealing a risky period through October and November, and it’s possible markets have topped out for now.
We are primarily funded by readers. Please subscribe and donate to support us!
Sven says, “There is not a central banker on the planet that will say enough is enough.. none of them are willing to admit the risks they are creating.” There are massive demographic problems today that have no solution.
The dollar has had a breakout, but it appears to be nearing a pivot point. He is currently neutral on gold, awaiting signals from either it or the dollar.
Time Stamp References:
0:58 – Svens background.
3:30 – Svens better half.
4:22 – Marketcap to GDP
9:40 – Dangers to retail investors.
12:50 – XVG index for relative performance.
16:20 – VIX direction from here.
20:00 – Is the Fed out of ammo?
23:50 – Downside risk in the markets.
26:55 – Can they correct wealth inequality.
29:50 – Seasonal Fall risks
32:05 – Outlook for the dollar.
34:20 – Gold expectations.
36:50 – Short-term expectations and politics.


investmentwatchblog--2020-09-30--US Dollar (DXY) Showed Dead Cat Bounce, the Expert Predicts Decline to Resume

The US dollar partially recovered its losses against the major currencies , but the fall is not over , the analyst believes The US dollar index , which tests the greenback against other reserve currencies , is offsetting losses before markets open in Europe on Tuesday .
After a negative price adjustment and a dismissal from the 94.70 , the index trades at the beginning of the week without a clear path of 94.00 on Tuesday .
There is a six-month resistance line in this sector that keeps restricting the upward trajectory .
However , this small recovery does not @ @ @ @ @ @ @ .
The expert called this recovery a “ dead cat bounce.
” However , he believes that the fall will continue .
Pressure On The US Dollar When President Trump and democratic challenger Joe Biden attend the first presidential debate in Cleveland , the U.S. political situation will take central stage .
The pandemic and economic prospects should be a high priority .
In the US , the S & P / Case-Shiller index and speeches by the New York FED ’ s John Williams and Philadelphia FED ’ s Patrick Harker should @ @ @ @ @ @ @ .
However , the opinion about the continuing decline and possible recovery differs from the opinion of another analyst .
Read the analysis of the situation on the Dollar index here .

by Saad Ullah
The US dollar partially recovered its losses against the major currencies, but the fall is not over, the analyst believes
The US dollar index, which tests the greenback against other reserve currencies, is offsetting losses before markets open in Europe on Tuesday.
The Review of Current Index
After a negative price adjustment and a dismissal from the 94.70, the index trades at the beginning of the week without a clear path of 94.00 on Tuesday. There is a six-month resistance line in this sector that keeps restricting the upward trajectory. We are primarily funded by readers. Please subscribe and donate to support us!
However, this small recovery does not show a change in the downward trend. The expert called this recovery a “dead cat bounce.” However, he believes that the fall will continue.
Expected a dead cat bounce, we got one $DXY backtesting 11Y breakdown on the daily failed to close above critical 94.40 very weak corrective bounce last 2 monthsfunny how sentiment always goes from one extreme to anotherdrink less and keep your head clear, down we go Gold Ventures @TheLastDegree via Twitter
Image source: Twitter @TheLastDegree
Pressure On The US Dollar
When President Trump and democratic challenger Joe Biden attend the first presidential debate in Cleveland, the U.S. political situation will take central stage. The pandemic and economic prospects should be a high priority.
In the US, the S&P / Case-Shiller index and speeches by the New York FED’s John Williams and Philadelphia FED’s Patrick Harker should endorse the advanced findings of trade balances.
However, the opinion about the continuing decline and possible recovery differs from the opinion of another analyst. Read the analysis of the situation on the Dollar index here.


investmentwatchblog--2020-09-30--The Bank of England will be very worried about the weakness in consumer credit

This afternoon will see yet another bond buying operation from the Bank of England as another £1.473 billion is purchased .
Tuesday is what I call heavy-duty QE ( Quantitative Easing ) as it purchases longer dated maturities and indeed regularly buys what are called ultra longs as the maturities in the UK bond or Gilt market go out as far as 2071 .
That length of purchase is unusual as for example the ECB only purchases out to 30 years so 2050 at the moment .
This adds to the £1.473 billion bought yesterday and it will be the @ @ @ @ @ @ @ regard ends early .
I get asked regularly how they pay for this ?
In line with today ’ s theme the money is created by the Bank of England which then uses it to buy the bonds .
Thus the money supply is increased and this week it will be increased by just over £4.4 billion from this route .
In one sense this is a pure profit for the Bank of England and is what is called seigniorage except in the past it was the profit on issuing actual notes and @ @ @ @ @ @ @ thus costs very little .
There is a nice little earner for the Bank of England as it charges Bank Rate on this to the Special Purpose Vehicle set up to hold the bonds so ironically cutting it to 0.1 % reduces its profit on this .
You can see that the accounting method and I stress this is simply an accounting method did not think negative interest-rates were going to happen as they will be booking a loss in that eventuality !
So the money supply has been expanded via this route @ @ @ @ @ @ @ the recent phase £237 billion as of the end of last week .
This goes into the narrow money supply which used to be called “ high powered money ” .
I point that out because in the credit crunch era it has proved to be anything but that because as they have pumped up the money supply the usage of it it what is called Velocity has fallen .
In fact Velocity has at times fallen faster than the money supply has risen but central banks turn a Nelsonian blind eye to @ @ @ @ @ @ @ preferring theory to reality .
There will have been smaller influences on the money supply from the purchases of Corporate Bonds ( £19 billion ) and the Covid Corporate Financing Faciity ( £16.4 billion ) .
However not all the CCFF will count as an increase in the money supply as some of the commercial paper bought will already be counted .
This will have caused angst at the Bank of England and you will quickly see why .
Yes that is a fall and may be the reason we have had more @ @ @ @ @ @ @ negative interest-rates .
It found itself “ pushing on a string ” in August where it was pumping up the narrow measure of the money supply by around £20 billion or so , But we and by this I mean as individuals and businesses had less demand for money and in fact so much less demand that the total fell .
Actually in terms of the specifics it was the financial sector other than banks which drove the fall as what were presumably pension funds and insurance companies wanted £6.1 billion less .
@ @ @ @ @ @ @ very erratic so it is better to take July and August together where we see the money supply rose by £25 billion which is still less than the Bank of England narrow money push .
Just to complete the set we have what looks like another fall in Velocity or as I prefer to put it a fall in money demand .
This is a little awkward as for broad money we are discussing money demand when it is called money supply .
A loan only exists when someone or thing asks for @ @ @ @ @ @ @ also have unsettled the Bank of England .
I mean with borrowing of this sort so low how will the banks make a profit !
More seriously there is a hint of consumers battening down the hatches from the repayment numbers .
In terms of a breakdown in the borrowing it was pretty even this month but as you can see below the pandemic decline has essentially been a credit card thing .
Whoever had the job of presenting the Bank of England morning meeting will have been wise to have started with @ @ @ @ @ @ @ Governor may have a short attention span and may remember him or her favourably .
A career enhancing vibe can be continued by emphasising this .
Whilst relegating the next bit to when a liveried bar ( wo ) man is refreshing the Governor ’ s coffee cup and thereby distracting him .
Today ’ s money supply data has highlighted a few issues .
The opener is that official efforts to raise or reduce the money supply pretty much have to work on the narrow money supply ( we are in an @ @ @ @ @ @ @ ) .
However by the time we reach broad money other agents are involved such as us and companies and there central banks can find themselves pushing on a string .
What they really want to influence is money demand and they will be cheered by the mortgage numbers but worried by the overall ones as well as the consumer or unsecured credit ones .
To make things ( hopefully ) clearer I have left out the government influence via selling Gilts for cash which depresses the money supply as well as spending @ @ @ @ @ @ @ .
One way of looking at the Bank of England action is offsetting much of the former which we normally look at in terms of keeping bond or Gilt yields low and in some cases negative .
Quite often the law of unintended consequences applies to looking at the money supply as we have 2 issues .
• The numbers if we pick out causative factors do not add up to what we think they should be .
• The leads and lags in the effect of any changes are quite variable .
@ @ @ @ @ @ @ on the mind of Governor Andrew Bailey today because when he was head of the FCA he acted to REDUCE overdraft rates and you will see why I have put that in capitals as you observe below what actually has been happening .
Also Silvana Tenreyro is not having a good day as we recall her claim that bank profitability is not affected by negative interest-rates .
Tell that to HSBC which is selling a theoretically strong holding for a loss…

by Shaun Richards
This afternoon will see yet another bond buying operation from the Bank of England as another £1.473 billion is purchased. Tuesday is what I call heavy-duty QE ( Quantitative Easing) as it purchases longer dated maturities and indeed regularly buys what are called ultra longs as the maturities in the UK bond or Gilt market go out as far as 2071. That length of purchase is unusual as for example the ECB only purchases out to 30 years so 2050 at the moment. This adds to the £1.473 billion bought yesterday and it will be the same tomorrow as the week in this regard ends early.
I get asked regularly how they pay for this? In line with today’s theme the money is created by the Bank of England which then uses it to buy the bonds. Thus the money supply is increased and this week it will be increased by just over £4.4 billion from this route. In one sense this is a pure profit for the Bank of England and is what is called seigniorage except in the past it was the profit on issuing actual notes and coins whereas now it is electronic and thus costs very little.
There is a nice little earner for the Bank of England as it charges Bank Rate on this to the Special Purpose Vehicle set up to hold the bonds so ironically cutting it to 0.1% reduces its profit on this. You can see that the accounting method and I stress this is simply an accounting method did not think negative interest-rates were going to happen as they will be booking a loss in that eventuality!
So the money supply has been expanded via this route by £672 billion in total or in the recent phase £237 billion as of the end of last week. This goes into the narrow money supply which used to be called “high powered money”. I point that out because in the credit crunch era it has proved to be anything but that because as they have pumped up the money supply the usage of it it what is called Velocity has fallen. In fact Velocity has at times fallen faster than the money supply has risen but central banks turn a Nelsonian blind eye to that reality. They are consistent in preferring theory to reality.
There will have been smaller influences on the money supply from the purchases of Corporate Bonds ( £19 billion) and the Covid Corporate Financing Faciity ( £16.4 billion). However not all the CCFF will count as an increase in the money supply as some of the commercial paper bought will already be counted.
Today’s Data
This will have caused angst at the Bank of England and you will quickly see why.
Overall, private sector companies and households reduced their holdings of money in August, following 5 months of unusually strong deposit flows. Sterling money (known as M4ex) fell by £0.9 billion in August, down from an increase of £25.6 billion in July. The private sector made a net repayment of loans in August. Sterling net lending to private sector companies and households, or M4Lex, was -£3.9 billion, following a net repayment of £0.5 billion in July.
Yes that is a fall and may be the reason we have had more hints from the Bank of England about negative interest-rates. It found itself “pushing on a string” in August where it was pumping up the narrow measure of the money supply by around £20 billion or so, But we and by this I mean as individuals and businesses had less demand for money and in fact so much less demand that the total fell. Actually in terms of the specifics it was the financial sector other than banks which drove the fall as what were presumably pension funds and insurance companies wanted £6.1 billion less.
In fact monthly money supply numbers are very erratic so it is better to take July and August together where we see the money supply rose by £25 billion which is still less than the Bank of England narrow money push. Just to complete the set we have what looks like another fall in Velocity or as I prefer to put it a fall in money demand. This is a little awkward as for broad money we are discussing money demand when it is called money supply. A loan only exists when someone or thing asks for it and is approved.
Unsecured Credit
This will also have unsettled the Bank of England.
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Net consumer credit borrowing remained positive in August at £0.3 billion. This was a little weaker than borrowing of £1.1 billion in July, which was in line with the average net flow in the 18 months to February 2020. These increases followed net repayments of £3.9 billion per month, on average, between March and June. The annual growth rate fell slightly to -3.9%, down from -3.7% in July: this was a new series low since it began in 1994.
I mean with borrowing of this sort so low how will the banks make a profit! More seriously there is a hint of consumers battening down the hatches from the repayment numbers.
Gross borrowing was £21.3 billion, up from £20.9 billion in July and compared to an average of £25.5 billion in the six months to February 2020. Repayments increased to £20.6 billion from £19.6 billion in July.
In terms of a breakdown in the borrowing it was pretty even this month but as you can see below the pandemic decline has essentially been a credit card thing.
Net borrowing on credit cards was £0.2 billion in August (down from £0.6 billion), while net borrowing of other forms of consumer credit was £0.1 billion, down from £0.5 billion in July. The annual growth rates both remained negative, at -10.4% and -0.9% respectively.
Mortgages
Whoever had the job of presenting the Bank of England morning meeting will have been wise to have started with these numbers today. After all the Governor may have a short attention span and may remember him or her favourably.
The mortgage market continued to show more signs of recovery in August. On net, households borrowed an additional £3.1 billion secured on their homes, following borrowing of £2.9 billion in July. Mortgage borrowing troughed at £0.5 billion in April, and is still a little below the average of £4.2 billion in the six months to February 2020.
A career enhancing vibe can be continued by emphasising this.
The number of mortgage approvals for house purchase continued increasing sharply in August, to 84,700 from 66,300 in July . This was the highest number of approvals since October 2007.
Whilst relegating the next bit to when a liveried bar(wo)man is refreshing the Governor’s coffee cup and thereby distracting him.
but it only partially offsets weakness seen between March and June. In total, there have been 418,000 approvals in 2020, compared with 524,000 in the same period in 2019.
Comment
Today’s money supply data has highlighted a few issues. The opener is that official efforts to raise or reduce the money supply pretty much have to work on the narrow money supply ( we are in an even worse mess if they do not). However by the time we reach broad money other agents are involved such as us and companies and there central banks can find themselves pushing on a string. What they really want to influence is money demand and they will be cheered by the mortgage numbers but worried by the overall ones as well as the consumer or unsecured credit ones.
To make things (hopefully) clearer I have left out the government influence via selling Gilts for cash which depresses the money supply as well as spending more than it receives which expands it. One way of looking at the Bank of England action is offsetting much of the former which we normally look at in terms of keeping bond or Gilt yields low and in some cases negative.
Quite often the law of unintended consequences applies to looking at the money supply as we have 2 issues.
The numbers if we pick out causative factors do not add up to what we think they should be. The leads and lags in the effect of any changes are quite variable.
The concept of unintended consequences will be on the mind of Governor Andrew Bailey today because when he was head of the FCA he acted to REDUCE overdraft rates and you will see why I have put that in capitals as you observe below what actually has been happening.
The ‘effective’ rate – the actual interest rate paid – on interest-charging overdrafts rose by 4.2 percentage points to 19.00% in August. This is the highest since the series began in 2016, and compares to a rate of 10.32% in March 2020 before new rules on overdraft pricing came into effect.
Also Silvana Tenreyro is not having a good day as we recall her claim that bank profitability is not affected by negative interest-rates. Tell that to HSBC which is selling a theoretically strong holding for a loss…
In another sign that corporate and retail banking perform well in a negative rate environment, Reuters report that HSBC is about to sell its French biz (formerly CCF) for the hefty price of -500M€. Yes, there is a “-” sign. The book value is +8443m€. (That’s a “+” sign) ( @jeuasommenulle )


investmentwatchblog--2020-09-30--Australia Is Going to Run Out Of RICE By December

by Robert Wheeler via The Organic Prepper Food shortages are coming in the Western World , particularly those parts that continue to cling to “ health guidelines ” that involve the shutting down of economies and normal life .
These food shortages are no accident and there is a much deeper agenda here than can be covered in the pages of this article .
Needless to say , I plan to do this in the very near future .
While the United States has been experiencing empty shelves since March and the supply chain here is broken , it ’ @ @ @ @ @ @ @ food shortages that are going to be seen not just here but in other places as well .
Food shortages will be seen not just in the United States , but other places as well The entire continent is now on total house arrest , with the level of totalitarianism and police state enforcement only rivaled by that of China .
Australia is now bracing to be out of domestically produced rice by Christmas .
Yes , you read that right .
In an article by Aidan Wondracz entitled “ Warning Australia is @ @ @ @ @ @ @ not have a single homegrown grain left by Christmas , ” Wondracz writes , Of course , all of this is happening as the United States also faces a looming food crisis .
I wrote about this in a previous article .
Many of these manufacturing and packaging facilities as well as slaughterhouses were simply shut down as a result of intrusive totalitarian government reactions to an alleged pandemic .
Combined with panic buying , the ability of those facilities to replace what was bought up was drastically reduced and , as a @ @ @ @ @ @ @ weeks before they could buy what they needed ( or wanted ) again .
Even then , they had to show up in the morning… …To make matters worse , as millions of Americans are out of work due to the war launched on the domestic economy by State governments , workers were suddenly starting to organize , strike , and walk off the job , conveniently at a time when the food supply was already broken .
These workers , of course , had not organized or initiated a strike at any @ @ @ @ @ @ @ and wages were low .
Now , however , when most rational people would simply be happy to have a job at all in the midst of such high unemployment , they were prepared to stop the wheels of the machine from working .
While extraordinary times beget extraordinary reactions , the timing of the newfound sense of workers ’ resolve can not go unnoticed .
At the same time , we witnessed farms dumping thousands of gallons of milk down the drain , meat producers slaughtering animals and burying them , and @ @ @ @ @ @ @ and the world .
The reason for this is two-fold .
First , many major producers would not want a glut of their product on the market and see the prices of that product drop down .
Second , with the totalitarian measures forcing the shut down of restaurants across the country , many farms and producers simply lost a massive part of their market and thus had nowhere to send their products .
Thus , it was destroyed .
Following those winds , we saw massive wildfires along the entirety of the @ @ @ @ @ @ @ as far east as Colorado , South Dakota , and Texas .
One need only take a look at the map at fires seemingly heading east , burning up prairies and farmland all along the way to see that the food chain is going to experience yet even more hiccups once the smoke is finally done billowing .
But while leftists claim the fires are the natural result of “ Climate Change ” and Conservatives blame lack of adequate forest management ( which has some merit ) , both completely ignore the fact @ @ @ @ @ @ @ for setting these fires .
Repeatedly , arsonists are being arrested for starting blazes though the motive is unclear .
Those of us who have studied history , however , can speculate with some certainty .
It ’ s only a matter of time before they ’ re no longer able to hide the crisis in the US .
Here ’ s what food to buy when your first choices are gone .
Perhaps Australia ’ s rice crisis isn ’ t the end of the world But it is a sign of @ @ @ @ @ @ @ for some unknown reason , would decide to cut off the rice supply to Australia , the country may get along just fine without rice for the foreseeable future .
But the question is not just about rice .
Few consumers even knew that a shortage of rice was in the works , instead , finding out after the deal is already done .
Now , with threats of a complete shortage by Christmas , panic buyers will assuredly reduce that supply even further .
So what else is coming ?
What other @ @ @ @ @ @ @ We simply don ’ t know .
But I would hazard a guess that rice won ’ t be the only food Australians are missing anytime soon .

by Robert Wheeler via The Organic Prepper
Food shortages are coming in the Western World, particularly those parts that continue to cling to “health guidelines” that involve the shutting down of economies and normal life. These food shortages are no accident and there is a much deeper agenda here than can be covered in the pages of this article. Needless to say, I plan to do this in the very near future.
While the United States has been experiencing empty shelves since March and the supply chain here is broken, it’s important to mention the scale of food shortages that are going to be seen not just here but in other places as well.
Food shortages will be seen not just in the United States, but other places as well
Case in point, Australia.
The entire continent is now on total house arrest, with the level of totalitarianism and police state enforcement only rivaled by that of China. Australia is now bracing to be out of domestically produced rice by Christmas. Yes, you read that right.
In an article by Aidan Wondracz entitled “Warning Australia is running out of RICE – and may not have a single homegrown grain left by Christmas,” Wondracz writes,
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Australia is facing a rice shortage with the country predicted to run out of the domestically-grown product by Christmas.
SunRice chief executive Rob Gordon warned families would soon be forced to eat rice imported from Vietnam as local supplies continued to dwindle.
‘We are going to run out of Australian rice by Christmas,’ he told The Daily Telegraph.
. . . . .
Low rainfall, dry weather and COVID-19 panic buying have all been linked to the diminishing stock.
SunRice, the country’s biggest rice supplier, has lost more than $400million in exports.
The company has also been forced to cut its 600 strong workforce by one third in the New South Wales Riverina region – one of the biggest rice producing parts of the country.
The cutbacks come as the country records a poor harvest season for rice.
Low rainfall and dry conditions have led harvesting figures to dip by more than 90 per cent since 2017.
Last year, SunRice produced its second lowest rice crop.
Only 54,000 tonnes of rice was harvested – compared to its regular 800,000 tonnes.
Farmers have also blamed poor water allocation management on poor yields.
Growers say they have received little to no access to irrigated water.
‘Our rice industry, 98 per cent of which is grown in southern NSW, is at risk of collapse with the last two years of zero water allocations,’ NSW Water Minister Melinda Pavey said.
‘While NSW was suffering through the worst drought on record, and our communities were living on zero general security allocations, South Australia was running the Lower Lakes at a minor flood level and released over 600,000 megaliters out over the barrages into the Southern Ocean.
COVID-19 panic buying has been regarded as the breaking point for the rice industry.
Shoppers stripped supermarket shelves bare of rice products, toilet paper and pasta in March.
Around the same time, experts sounded the alarm the frenzied shopping would only add further strain to the rice industry.
SunRice warned the demand was exceeding ‘supply capability’.
The frenzied shopping forced prime minister Scott Morrison to phone the Vietnam president.
He reportedly made the call to ensure an Australian-owned factory in the country would be able to continue to export its rice to Australia despite closed borders. (source)
Of course, all of this is happening as the United States also faces a looming food crisis.
I wrote about this in a previous article.
Many of these manufacturing and packaging facilities as well as slaughterhouses were simply shut down as a result of intrusive totalitarian government reactions to an alleged pandemic. Combined with panic buying, the ability of those facilities to replace what was bought up was drastically reduced and, as a result, consumers were forced to wait weeks before they could buy what they needed (or wanted) again. Even then, they had to show up in the morning…
…To make matters worse, as millions of Americans are out of work due to the war launched on the domestic economy by State governments, workers were suddenly starting to organize, strike, and walk off the job, conveniently at a time when the food supply was already broken. These workers, of course, had not organized or initiated a strike at any time before when working conditions were bleak and wages were low. Now, however, when most rational people would simply be happy to have a job at all in the midst of such high unemployment, they were prepared to stop the wheels of the machine from working. While extraordinary times beget extraordinary reactions, the timing of the newfound sense of workers’ resolve cannot go unnoticed.
At the same time, we witnessed farms dumping thousands of gallons of milk down the drain, meat producers slaughtering animals and burying them, and farmers destroying crops all over the country and the world. The reason for this is two-fold. First, many major producers would not want a glut of their product on the market and see the prices of that product drop down. Second, with the totalitarian measures forcing the shut down of restaurants across the country, many farms and producers simply lost a massive part of their market and thus had nowhere to send their products. Thus, it was destroyed.
A government truly concerned with the health of its people would have bought that produce and either distributed it or freeze dried and stored it for the coming apocalypse. Indeed, the Trump administration attempted this with some very minor success and high cost. Food banks at least benefited. But the damage to the food supply was already done.
As time moved forward, we saw devastating straight line winds blow across places like Iowa, destroying massive amounts of crops and farming infrastructure, effects rarely advertised on mainstream media outlets.
Following those winds, we saw massive wildfires along the entirety of the West coast from Washington to California and as far east as Colorado, South Dakota, and Texas. One need only take a look at the map at fires seemingly heading east, burning up prairies and farmland all along the way to see that the food chain is going to experience yet even more hiccups once the smoke is finally done billowing. But while leftists claim the fires are the natural result of “Climate Change” and Conservatives blame lack of adequate forest management (which has some merit), both completely ignore the fact that close to ten people were arrested for setting these fires. Repeatedly, arsonists are being arrested for starting blazes though the motive is unclear. Those of us who have studied history, however, can speculate with some certainty.
It’s only a matter of time before they’re no longer able to hide the crisis in the US. Here’s what food to buy when your first choices are gone.
Perhaps Australia’s rice crisis isn’t the end of the world
But it is a sign of that end. Even if Vietnam, for some unknown reason, would decide to cut off the rice supply to Australia, the country may get along just fine without rice for the foreseeable future.
But the question is not just about rice.
Few consumers even knew that a shortage of rice was in the works, instead, finding out after the deal is already done. Now, with threats of a complete shortage by Christmas, panic buyers will assuredly reduce that supply even further.
So what else is coming? What other food will disappear from Australian shelves? We simply don’t know. But I would hazard a guess that rice won’t be the only food Australians are missing anytime soon.


investmentwatchblog--2020-09-29--Giuliani: “You will find out over the next 3 weeks, China has put so much money into the Biden famil

Giuliani: “You will find out over the next 3 weeks, China has put so much money into the Biden family, it’s disgraceful.”

Giuliani : `` You will find out over the next 3 weeks , China has put so much money into @ @ @ @ @ 's disgraceful . ''
Rush Limbaugh rips ‘ The Rock ’ for Biden endorsement : @ @ @ @ @ China ’ Rush Limbaugh ripped Dwayne “ The Rock ” Johnson on his nationally syndicated @ @ @ @ @ declaring the actor “ sold his soul to China ” after endorsing Democratic presidential nominee @ @ @ @ @ Hollywood ’ s highest-paid actor , endorsed the former vice president over the weekend , @ @ @ @ @ 48-year-old has endorsed any candidate .
“ Dwayne Johnson has sold his soul to China @ @ @ @ @ “ It is a fascinating story about who owns this guy and who he really @ @ @ @ @ Now , he could have been silent .
He could have just gone through this @ @ @ @ @ preference .
But he ’ s come out and endorsed Biden , ” the host @ @

Giuliani: "You will find out over the next 3 weeks, China has put so much money into the Biden family, it's disgraceful."
Rush Limbaugh rips ‘The Rock’ for Biden endorsement: ‘Sold his soul to China’
Rush Limbaugh ripped Dwayne “The Rock” Johnson on his nationally syndicated radio program on Tuesday, declaring the actor “sold his soul to China” after endorsing Democratic presidential nominee Joe Biden.
Johnson, Hollywood’s highest-paid actor, endorsed the former vice president over the weekend, marking the first time the 48-year-old has endorsed any candidate.
“Dwayne Johnson has sold his soul to China,” Limbaugh said. “It is a fascinating story about who owns this guy and who he really cares about pleasing.
“Now, he could have been silent. He could have just gone through this campaign and not announced a preference. But he’s come out and endorsed Biden,” the host added.


investmentwatchblog--2020-09-29--Kayleigh McEnany… Biden is asking for a break every 30 minutes during tonight’s debate! There are no

Kayleigh McEnany… Biden is asking for a break every 30 minutes during tonight’s debate! There are no breaks when you’re leader of the free world, Joe!

Biden is asking for a break every 30 minutes during tonight’s debate! There are no breaks when you’re leader of the free world, Joe! t.co/2lMiKAHD7Q — Kayleigh McEnany (@kayleighmcenany) September 29, 2020
It’s only an hour and a half meeting. He can’t work for 90 mins without having two breaks?! Americans don’t get that many work breaks. t.co/WfVW1UJClo — Richard Grenell (@RichardGrenell) September 29, 2020
Joe Biden’s handlers several days ago agreed to a pre-debate inspection for electronic earpieces but today abruptly reversed themselves & declined. Biden asked for multiple breaks during the debate, which President Trump doesn’t need, so we have rejected that request. Statement: pic.twitter.com/yIXd0TVWgi — Tim Murtaugh – Download the Trump 2020 app today! (@TimMurtaugh) September 29, 2020


investmentwatchblog--2020-09-29--Global Central Bank Update:

Global Central Bank Update:

Global Central Bank Update : -Colombia cuts rates for the 7th time this year , 25 bps move to 1.75 @ @ @ @ @ between real rates and gold prices so far this year suggests there could be scope @ @ @ @ @ a bit higher pic.twitter.com/2dEKGxhJoe

Global Central Bank Update: -Colombia cuts rates for the 7th time this year, 25 bps move to 1.75%. pic.twitter.com/v2pDS8YIay
The link between real rates and gold prices so far this year suggests there could be scope for gold prices to rise a bit higher pic.twitter.com/2dEKGxhJoe
— MacroMarketsDaily Newsletter (@macro_daily) September 29, 2020


investmentwatchblog--2020-09-29--What happens if the US loses its relative attractiveness? #USD

UBS Says You Should Buy Gold Now Investors should be buying gold as it represents a “ very good hedge @ @ @ @ @ as the U.S. election , UBS Global Wealth Management told CNBC .

Gold’s march to record prices is fueling skeptics’ assertions that the arc of financial history points toward the inevitable debasement of currencies like the dollar t.co/SMgrZFrBxd — Win Smart, CFA (@WinfieldSmart) September 29, 2020
Investors should be buying gold as it represents a “very good hedge” in risk events such as the U.S. election, UBS Global Wealth Management told CNBC.
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investmentwatchblog--2020-09-29--This time is different…Valuation dispersion peaks?

This spring also brought a surge in financing for blank-check companies—a sign that there ’ s more demand for IPOs @ @ @ @ @ companies able to quickly go public .

IPO Market Parties Like It’s 1999 – WSJ
This spring also brought a surge in financing for blank-check companies—a sign that there’s more demand for IPOs this year than there are companies able to quickly go public.


investmentwatchblog--2020-09-29--JPM looks like this is going to be inside day given the weak China banks. Seems could be a wider iss

$ JPM looks like this is going to be inside day given the weak China banks .
Seems could be @ @ @ @

$JPM looks like this is going to be inside day given the weak China banks. Seems could be a wider issue pic.twitter.com/laSgoP4RFy
— Sunchartist (@sunchartist) September 29, 2020


investmentwatchblog--2020-09-29--Credit Card Growth Plummets, FHA Mortgage Delinquencies Hit Record 17.4%

Subprime , No Problem ?
FHA Mortgage Delinquencies Hit Record 17.4 % as Fed Triggers Mad Land-Rush in Split Housing @

Subprime, No Problem? FHA Mortgage Delinquencies Hit Record 17.4% as Fed Triggers Mad Land-Rush in Split Housing Market
Philadelphia, PA delinquent mortgage loan 15,095 = 20.5%t.co/KntVeym2ht#home #RealEstate #realtor #housing #property #Delinquencies #loan #finance pic.twitter.com/G1PVCDn9hq
— Mo Hossain (@MoHossain) September 29, 2020


investmentwatchblog--2020-09-29--Lots of traffic in NYC, but nobody is using the trains. Traffic over GWB is apocalyptic every day du

Lots of traffic in NYC , but nobody is using the trains .
Traffic over GWB is apocalyptic every day @ @ @ @ @ .
@ NYCComptroller pic.twitter.com/rHIYy7tKex Here 's the latest numbers for # MTA .
When is @ @ @ @ @ subway back to fit new traffic patterns ?
How long do we wait before layoffs @ @ @ @ @ pic.twitter.com/6jxioWCmrN

Lots of traffic in NYC, but nobody is using the trains. Traffic over GWB is apocalyptic every day due to single driver volumes…. @NYCComptroller pic.twitter.com/rHIYy7tKex
Here's the latest numbers for #MTA. When is @BilldeBlasio going to cut subway back to fit new traffic patterns? How long do we wait before layoffs? Hmm? @CGasparino pic.twitter.com/6jxioWCmrN
— R. Christopher Whalen (@rcwhalen) September 29, 2020