investmentwatchblog--2020-10-09--Alert! Eruption Of Business Closures And Layoffs Make 20 Percent Of Americans Out Of Money In 2020

A new stimulus bill is now out of sight , boosting a widespread businesses collapse and compromising many American households whose lives are hanging by a thread .
In this video , we investigate the repercussions of this measure , how the economic collapse will be influenced by another coup , and analyze a very concerning survey that found one out of every five Americans will be completely out of money by the end of the year .
Delaying the urgently needed unemployment aid and a second round of payments will have a huge impact on tens of millions of @ @ @ @ @ @ @ debt , the prospects of eviction and not being able to afford food .
The huge wave of job losses put those who worked in especially hard-hit industries such as travel and hospitality in a vulnerable position , making them reliant on another stimulus check to be able to make ends meet .
A recent report informed that almost one-quarter of U.S. consumers have less than three weeks of financial runway before they run out of cash , meaning 1 in 5 Americans could be entirely out of money by the first week @ @ @ @ @ @ @ to get way more complicated – experts say “ many will have to sacrifice and prepare because it could get worse before it gets better ” .
And even though we want to believe there is an outlook where things could get better , considering the level of economic deterioration we have witnessed so far and the extra suffering we are being submitted to right now , it doesn ’ t seem realistic .
In fact , it is an evidence that the economic depression is accelerating .
There is no way to @ @ @ @ @ @ @ any better especially because an enormous part of the population won ’ t be able to pull through without more emergency government assistance , and the pressure of all the unfoldings seen in 2020 keeps building up .
Americans are seeing their finances increasingly worsening during the current economic downturn .
Now that stimulus discussions have been effectively suspended , and most of that previous relief has dried up , another wave of mass layoffs is about to be witnesses as the holiday season approaches .
Airlines will be leading this trend .
@ @ @ @ @ @ @ the most affected , the sector is dealing with a disastrous collapse .
However , the desperate need for more aid is not exclusive to it .
Every day , more businesses go under and more jobs are lost , and approximately 50 % of all American small businesses from all sectors are in the same situation .
Furthermore , more families are struggling to pay their bills , make rent , afford basic needs .
Their overall income is being pushed to below pre-outbreak levels , as a consequence , reducing spending @ @ @ @ @ @ @ Chair Jerome Powell said the U.S. economy still has “ a long , long way to go ” , and it is at risk of derailing .
Likewise , chief economist at RSM , Joe Brusuelas said there ’ s a 50 % probability of a deep recession over the next 12 months .
Also , the annual growth rate will likely drop to 1 % , a sharp decline from the previous forecast of 4 % .
With all that said , it doesn ’ t make any sense to be talking @ @ @ @ @ @ @ absolutely nothing points out to one .
At this point , we are still seeing small and large businesses collapse .
Last month , 54 large companies filed for bankruptcy , totaling 509 registered bankruptcies so far .
Additionally , a Brookings survey reminded us that small businesses account for about 99 % of all businesses in the US and about 47 % of jobs in businesses , and their downfall mean that we have lost at least 4 million jobs that will only return with the creation of new businesses .
The @ @ @ @ @ @ @ percent more business losses than at the peak of the Great Recession , and while some businesses largely benefited from the crisis , most of the small ones are severely injured .
Considering all industries will soon need federal help , and not everyone would be able to get it , what lies ahead of us is even more financial distress .

A new stimulus bill is now out of sight, boosting a widespread businesses collapse and compromising many American households whose lives are hanging by a thread. In this video, we investigate the repercussions of this measure, how the economic collapse will be influenced by another coup, and analyze a very concerning survey that found one out of every five Americans will be completely out of money by the end of the year.
Delaying the urgently needed unemployment aid and a second round of payments will have a huge impact on tens of millions of out-of-work Americans who are coping with mountain-scale debt, the prospects of eviction and not being able to afford food.
The huge wave of job losses put those who worked in especially hard-hit industries such as travel and hospitality in a vulnerable position, making them reliant on another stimulus check to be able to make ends meet.
A recent report informed that almost one-quarter of U.S. consumers have less than three weeks of financial runway before they run out of cash, meaning 1 in 5 Americans could be entirely out of money by the first week of November. And things are about to get way more complicated – experts say “many will have to sacrifice and prepare because it could get worse before it gets better”.
And even though we want to believe there is an outlook where things could get better, considering the level of economic deterioration we have witnessed so far and the extra suffering we are being submitted to right now, it doesn’t seem realistic. In fact, it is an evidence that the economic depression is accelerating.
There is no way to certainly ascertain that economic conditions will get any better especially because an enormous part of the population won’t be able to pull through without more emergency government assistance, and the pressure of all the unfoldings seen in 2020 keeps building up.
Americans are seeing their finances increasingly worsening during the current economic downturn. Now that stimulus discussions have been effectively suspended, and most of that previous relief has dried up, another wave of mass layoffs is about to be witnesses as the holiday season approaches. Airlines will be leading this trend.
The airline industry was unquestionably one of the most affected, the sector is dealing with a disastrous collapse. However, the desperate need for more aid is not exclusive to it. Every day, more businesses go under and more jobs are lost, and approximately 50% of all American small businesses from all sectors are in the same situation.
Furthermore, more families are struggling to pay their bills, make rent, afford basic needs. Their overall income is being pushed to below pre-outbreak levels, as a consequence, reducing spending and deepening the economic deterioration.
Fed Chair Jerome Powell said the U.S. economy still has “a long, long way to go”, and it is at risk of derailing. Likewise, chief economist at RSM, Joe Brusuelas said there’s a 50% probability of a deep recession over the next 12 months. Also, the annual growth rate will likely drop to 1%, a sharp decline from the previous forecast of 4%.
With all that said, it doesn’t make any sense to be talking about a “recovery”, because absolutely nothing points out to one. At this point, we are still seeing small and large businesses collapse. Last month, 54 large companies filed for bankruptcy, totaling 509 registered bankruptcies so far.
Additionally, a Brookings survey reminded us that small businesses account for about 99% of all businesses in the US and about 47% of jobs in businesses, and their downfall mean that we have lost at least 4 million jobs that will only return with the creation of new businesses.
The most optimistic scenario would see around 50 percent more business losses than at the peak of the Great Recession, and while some businesses largely benefited from the crisis, most of the small ones are severely injured. Considering all industries will soon need federal help, and not everyone would be able to get it, what lies ahead of us is even more financial distress.
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investmentwatchblog--2020-10-09--Well Played, Mr. President. Sorry To Have Doubted You

The political and financial worlds were baffled by President Trump ’ s decision , just hours after being released from the hospital , to suspend coronavirus stimulus bill negotiations “ until after the election.
” Leaving aside the stupidity of massive new borrowing and spending on top of the past year ’ s multi-trillions , walking away from those talks seemed like a really bad political move .
But then , in almost the same breath , Trump turns around and demands a huge bailout for the airlines and a new round of $ 1,200 stimulus checks for individuals .
@ @ @ @ @ @ @ toward senility ?
Or was there some method to the apparent madness ?
With a little hindsight , it ’ s clear that this was one of his “ Art of the Deal ” tactics , albeit in compressed form .
You walk away from stalled talks , get in your car and drive off , leaving the other side stunned and , hopefully , softened up for compromise .
Then you restart negotiations with each side a little more flexible , and — in this case the crucial second part of the @ @ @ @ @ @ @ bite-sized , and thus more easily doable , parts .
Huh .
It appears to be working .
Mnuchin and Pelosi are making hopeful sounds and the stock market – addicted as it is to ever-easier money – is now happily anticipating an extended high .
Gold , meanwhile , has concluded that the now-imminent debt binge will indeed crush the dollar , sending capital pouring into safe havens .
But the politics of this strategy are even more interesting than the finance .
The big conflict here is the Democrats ’ burning @ @ @ @ @ @ @ s governors and mayors colliding with Trump ’ s aversion to rewarding those officials ’ horrendous mismanagement ( and refusal to vote Republican ) .
Remember , California , Illinois , New Jersey , and their peers were looking at pension crises ( i.e.
, functional bankruptcy ) before the pandemic hit .
The strategy of breaking the stimulus bill up into pieces puts the Dems in a tough spot , having to oppose saving big , crucial industries and giving money directly to voters in order to protect bail-outs for Dem-run states @ @ @ @ @ @ @ to be going into the election , but it ’ s where Trump has put them .
So , well-played , Mr. President .
Whatever else you ’ ve done , you have indeed taught the rest of us some lessons in hard-ball negotiating .
We ’ ll be better for it no matter where you end up next year .

BY JOHN RUBINO
The political and financial worlds were baffled by President Trump’s decision, just hours after being released from the hospital, to suspend coronavirus stimulus bill negotiations “until after the election.”
Leaving aside the stupidity of massive new borrowing and spending on top of the past year’s multi-trillions, walking away from those talks seemed like a really bad political move.
But then, in almost the same breath, Trump turns around and demands a huge bailout for the airlines and a new round of $1,200 stimulus checks for individuals. Had he joined Biden in the drift toward senility? Or was there some method to the apparent madness?
With a little hindsight, it’s clear that this was one of his “Art of the Deal” tactics, albeit in compressed form. You walk away from stalled talks, get in your car and drive off, leaving the other side stunned and, hopefully, softened up for compromise. Then you restart negotiations with each side a little more flexible, and — in this case the crucial second part of the strategy — the deal broken up into bite-sized, and thus more easily doable, parts.
We are primarily funded by readers. Please subscribe and donate to support us!
Huh. It appears to be working. Mnuchin and Pelosi are making hopeful sounds and the stock market – addicted as it is to ever-easier money – is now happily anticipating an extended high.
Gold, meanwhile, has concluded that the now-imminent debt binge will indeed crush the dollar, sending capital pouring into safe havens.
But the politics of this strategy are even more interesting than the finance. The big conflict here is the Democrats’ burning desire to bail out their party’s governors and mayors colliding with Trump’s aversion to rewarding those officials’ horrendous mismanagement (and refusal to vote Republican). Remember, California, Illinois, New Jersey, and their peers were looking at pension crises (i.e., functional bankruptcy) before the pandemic hit.
The strategy of breaking the stimulus bill up into pieces puts the Dems in a tough spot, having to oppose saving big, crucial industries and giving money directly to voters in order to protect bail-outs for Dem-run states. This is not a good place to be going into the election, but it’s where Trump has put them.
So, well-played, Mr. President. Whatever else you’ve done, you have indeed taught the rest of us some lessons in hard-ball negotiating. We’ll be better for it no matter where you end up next year.


investmentwatchblog--2020-10-09--Is Gold Market Going Back Into the 1970s?

They say that time travels are impossible .
But we just went back to the 1960s !
At least in the field of the monetary policy .
And all because of a new Fed ’ s framework .
So , please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future of gold !
At the end of August 2020 , the Fed has modified its Statement on Longer-Run Goals and Monetary Policy Strategy – for the first time since its creation in 2012 .
As a reminder , @ @ @ @ @ @ @ a 2 percent rate of inflation , but an average inflation rate of 2 percent , which allows overshooting after the periods of undershooting .
So , the Fed will try to compensate for periods of low inflation with periods of high inflation .
Hence , on average , we will see a more accessible monetary policy and higher inflation – Good news for the gold bulls .
One of the many problems with the Fed ’ s new regime is that we do not know how long will be the period over @ @ @ @ @ @ @ inflation , or what does it mean that the Fed will tolerate temporaral inflation over 2 percent – it ’ s not hard to see that practically any policy action could be justified through an appropriate choice of the period ’ s length .
The second significant shift within the Fed ’ s strategy is a different reaction function .
So far , the Fed reacted ( at least in theory , the practice was a different kettle of fish ) symmetrically to both upward and downward deviations from the natural rate of @ @ @ @ @ @ @ employment , the Fed started its tightening cycle to prevent overheating and the rise of inflation .
Now , the US central bank will be informed by assessments of the shortfalls of employment from its maximum level .
It means that the Fed learned to stop worrying about overheating and loved the inflation bomb .
In other words , the US central bank believes now that a robust job market can be sustained without causing an outbreak of inflation , so it will not hike interest rates preemptively , based on the signals @ @ @ @ @ @ @ segments of the economy , but will wait for inflation to materialize and act only later .
Such an approach may seem right , especially after several years of low inflation .
So why to worry about its rise ?
Why hike interest rates too early and kill an economic expansion ?
However , the Fed risks that inflation will get out of control .
And that the US central bank would be surprised and its reaction would be delayed .
In such a scenario , which is not unprecedented , the Fed @ @ @ @ @ @ @ to curb inflation aggressively .
As a former Fed Chair William McChesney Martin said , the central banker ’ s job is to “ take away the punch bowl just as the party gets going.
” At some point , the punch bowl has to be taken away , no matter how much the guests object .
But the longer the party goes on , and the more drunk participants are , the harder it is to take the vase .
If inflation exceeds 2 percent and continues its climbing , the Fed @ @ @ @ @ @ @ bowl very abruptly , much more aggressively than earlier and preemptive actions .
Sounds familiar to you ?
Indeed , this is why the Fed ’ s new monetary regime takes us back to the 1960s and , possibly , to the 1970s .
Then as today , policymakers put a high priority on achieving full employment relative to price stability .
The Fed mistakenly believed that unemployment ’ s natural rate was lower than it was , so the inflationary pressure was unlikely to emerge .
Consequently , the monetary policy was @ @ @ @ @ @ @ Great Inflation in the 1970s ( see the chart below ) .
Please look at the chart again .
As one can see , high inflation did not show up overnight .
Instead , it began to pick up in the late 1960s , together with massive fiscal deficits ( hm… high deficits – don ’ t they look familiar ? )
caused by the Vietnam war and “ Great Society ” programs .
But despite the upward trend in inflation since 1965 , the Fed remained focused on full employment , believing @ @ @ @ @ @ @ an overly optimistic view of the economy ’ s potential output and natural unemployment rate .
As a result , the monetary policy remained overly accommodative , with interest rates too low until Paul Volcker came and hiked the federal funds rate aggressively to almost 20 percent in the early 1980s , as the chart below shows .
He did not take away the punch bowl , he broke it with a sledgehammer !
The Volcker ’ s aggressive tightening was clearly bad for gold , which entered a bear market .
However @ @ @ @ @ @ @ was behind the inflation curve , was an excellent period for the yellow metal .
History never repeats itself , but the Fed ’ s new strategy increases the risk of replaying the unpleasant past ( as well as the increased broad money supply in response to the coronavirus crisis ) .
Even if the 2020s only rhymes with the 1970s , they should still be positive for the gold prices .
Thank you for reading today ’ s free analysis .
We hope you enjoyed it .
If so , we would @ @ @ @ @ @ @ for our free gold newsletter .
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They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future of gold!
At the end of August 2020, the Fed has modified its Statement on Longer-Run Goals and Monetary Policy Strategy – for the first time since its creation in 2012. As a reminder, the Fed will now target not merely a 2 percent rate of inflation, but an average inflation rate of 2 percent, which allows overshooting after the periods of undershooting. So, the Fed will try to compensate for periods of low inflation with periods of high inflation . Hence, on average , we will see a more accessible monetary policy and higher inflation – Good news for the gold bulls.
One of the many problems with the Fed’s new regime is that we do not know how long will be the period over which the US central bank will average inflation, or what does it mean that the Fed will tolerate temporaral inflation over 2 percent – it’s not hard to see that practically any policy action could be justified through an appropriate choice of the period’s length.
The second significant shift within the Fed’s strategy is a different reaction function. So far, the Fed reacted (at least in theory, the practice was a different kettle of fish) symmetrically to both upward and downward deviations from the natural rate of unemployment. When the economy approached full employment, the Fed started its tightening cycle to prevent overheating and the rise of inflation. Now, the US central bank will be informed by assessments of the shortfalls of employment from its maximum level. It means that the Fed learned to stop worrying about overheating and loved the inflation bomb.
In other words, the US central bank believes now that a robust job market can be sustained without causing an outbreak of inflation, so it will not hike interest rates preemptively, based on the signals coming from the labor market and other segments of the economy, but will wait for inflation to materialize and act only later.
Such an approach may seem right, especially after several years of low inflation. So why to worry about its rise? Why hike interest rates too early and kill an economic expansion? However, the Fed risks that inflation will get out of control . And that the US central bank would be surprised and its reaction would be delayed. In such a scenario, which is not unprecedented, the Fed will have to tighten its monetary policy to curb inflation aggressively. As a former Fed Chair William McChesney Martin said, the central banker’s job is to “take away the punch bowl just as the party gets going.” At some point, the punch bowl has to be taken away, no matter how much the guests object. But the longer the party goes on, and the more drunk participants are, the harder it is to take the vase. If inflation exceeds 2 percent and continues its climbing, the Fed will have to take away the punch bowl very abruptly, much more aggressively than earlier and preemptive actions.
We are primarily funded by readers. Please subscribe and donate to support us!
Sounds familiar to you? Indeed, this is why the Fed’s new monetary regime takes us back to the 1960s and, possibly, to the 1970s. Then as today, policymakers put a high priority on achieving full employment relative to price stability. The Fed mistakenly believed that unemployment’s natural rate was lower than it was, so the inflationary pressure was unlikely to emerge. Consequently, the monetary policy was consistently too expansionary, leading to the Great Inflation in the 1970s (see the chart below).
Please look at the chart again. As one can see, high inflation did not show up overnight. Instead, it began to pick up in the late 1960s, together with massive fiscal deficits (hm… high deficits – don’t they look familiar?) caused by the Vietnam war and “Great Society” programs. But despite the upward trend in inflation since 1965, the Fed remained focused on full employment, believing that inflation would subside, based on an overly optimistic view of the economy’s potential output and natural unemployment rate. As a result, the monetary policy remained overly accommodative, with interest rates too low until Paul Volcker came and hiked the federal funds rate aggressively to almost 20 percent in the early 1980s, as the chart below shows. He did not take away the punch bowl, he broke it with a sledgehammer!
The Volcker’s aggressive tightening was clearly bad for gold, which entered a bear market . However, the 1970s, when the Fed was behind the inflation curve, was an excellent period for the yellow metal. History never repeats itself, but the Fed’s new strategy increases the risk of replaying the unpleasant past (as well as the increased broad money supply in response to the coronavirus crisis). Even if the 2020s only rhymes with the 1970s, they should still be positive for the gold prices.
Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter . Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!
Arkadiusz Sieron, PhD
Sunshine Profits: Analysis. Care. Profits.


investmentwatchblog--2020-10-09--Are We Running Out of Other People’s Money?

QUESTION : I thought big police forces are malinvestment just like big government .
doesn ’ t returning to hard money reduce malinvestments ?
ANSWER : These people can no longer fund themselves by borrowing .
I have been advising in Europe that the Euro could never become a major reserve currency without a single debt .
They are now looking at that option and the European Commission is expected to sell consolidated debt into the bond market this month for the first time on a large scale to fund its coronavirus-relief programs .
Meanwhile , the European Central Bank @ @ @ @ @ @ @ issuing a digital version of the euro .
Even Goldman Sachs admits that Biden ’ s tax plan will hurt the economy .
We already have the IRS being investigated for using your location data to tack you for possible hidden assets .
Do you really think these people would EVER return to hard money that they can not spend whatever they want ?
Socialism would have to end under hard money .
This is not a rational expectation from people embracing MMT because they are running out of other people ’ s @ @ @ @ @ @ @ out of other people ’ s money .
They are hunting money like a starving animal .
They see Modern Monetary Theory as the answer – create money at will under the new theory that there will never be inflation .

by Martin Armstrong
QUESTION: I thought big police forces are malinvestment just like big government. doesn’t returning to hard money reduce malinvestments?
BF
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ANSWER: These people can no longer fund themselves by borrowing. I have been advising in Europe that the Euro could never become a major reserve currency without a single debt. They are now looking at that option and the European Commission is expected to sell consolidated debt into the bond market this month for the first time on a large scale to fund its coronavirus-relief programs. Meanwhile, the European Central Bank on Friday took a step closer to issuing a digital version of the euro. Even Goldman Sachs admits that Biden’s tax plan will hurt the economy. We already have the IRS being investigated for using your location data to tack you for possible hidden assets. Do you really think these people would EVER return to hard money that they cannot spend whatever they want? Socialism would have to end under hard money. This is not a rational expectation from people embracing MMT because they are running out of other people’s money to spend.
We have run out of other people’s money. They are hunting money like a starving animal. They see Modern Monetary Theory as the answer – create money at will under the new theory that there will never be inflation.


investmentwatchblog--2020-10-09--BORIS FACES 2-WAVE TSUNAMI

BORIS FACES 2-WAVE TSUNAMI

The Great Barrington Reef may not sink SS Pharmafia , but a Brexit sellout will drown BoJo …..AND THE RUMBLING ECONOMIC VOLCANO THAT SET OFF THE TSUNAMI WAVES IS NOT FAR AWAY .
THE LONGER THE PRIME MINISTER DENIES REALITY , THE MORE CALAMITOUS HIS END WILL BE Today , I want to be balanced but blunt about Boris Johnson ’ s chances of survival in a Governing Class context .
Tomorrow , I will switch the emphasis towards how his almost inevitable failure to keep the confidence of “ the State ” in its myriad forms could result in @ @ @ @ @ @ @ political duopoly for the common good…or something even worse .
It seems odd to me , having to make that distinction : back in the day in a proper free-speech democracy , the People voted ( on the most contentious issues ) for what they thought the best solution offered by the Parties available .
Now they no longer really know what they ’ re voting for , because choosing the Big Swinging Members they will tolerate has become an Unelected Secret State monopoly .
As time goes on , indeed , a @ @ @ @ @ @ @ the approval of unelected power becomes increasingly decisive – and this is , in a nutshell , the rot to be stopped .
In the States , from Carter onwards the Shadow State has conspired to undermine and fake anything and everything surrounding candidates it doesn ’ t want ; this has never been more blatant than in the treatment of Donald Trump .
In the UK , banking firms , bourses and Murdoch sensed that Blair would do their bidding , and they chose well .
In Cameron ’ s case , @ @ @ @ @ @ @ gamble on the Brexit referendum , Call Me Dave was going to see it through on the Friday , and was gone by the following Tuesday .
When the unelected brokers chose May , and Leadsome put up a highly credible challenge to her , she too was disappeared in very short order .
Both events stank of blackmail….what the stakeholders in the Shadow State want matters .
They didn ’ t want Boris in 2019 , and they don ’ t want him now .
As Harold Macmillan wisely observed , “ @ @ @ @ @ @ @ and these have been used to trap Bojo in a permanent three-front war by every means imaginable .
These are the bum steer of hiding from Covid19 , the attempt at every turn to undermine his Brexit position , and the anti-Covid strategy ’ s disastrous socio-economic effects…..which will , you can be sure , be blamed on first him and then Brexit .
For the first time in fifteen years of blogging , I signed an online petition yesterday from the Great Barrington group of medics worldwide .
It was lamenting the @ @ @ @ @ @ @ the Globe , and forecast an economic disaster that would kill far more humans than Coronavirus ever could .
Perhaps at last , mobilising real medical practitioner opinion ( as opposed to listening to a tiny Pharma-bribed group of theory-blinded élites ) may accelerate the process of scales falling from the Sleeple ’ s eyes .
Then again , perhaps not .
But either way , Prime Minister Boris Johnson is sailing merrily into a perfect triple-header of deep water and molten lava .
Perhaps – ever the optimist – Bojo sees the @ @ @ @ @ @ @ .
Oh dear .
We may have to wait a little longer for the realisation of utter Covid19 strategic balls-up to filter down to the electorate en masse , but there ’ s nowhere to hide on Brexit .
Waiting in the wings ( and just gagging to say that the Brexit deal is a sellout ) will be Nigel Farage and his Brexit Party .
Nigel will have to say that , because if he doesn ’ t , then both he and his Party – as currently branded – will be @ @ @ @ @ @ @ 21st Century history .
I suspect most Brits will let BoJo have a bit of backsliding room for him to hype any Brexit deal….but if the fishing rights thing is fudged , he ’ ll be in serious trouble .
And if , on the other hand , it ’ s No Deal….er , start recounting the MP numbers in the Commons with less regard to “ Party loyalty ” .
Such trouble will be enough to seal his fate if he ignores the growing unpopularity and professional rubbishing of the stubborn Manflu @ @ @ @ @ @ @ biggy will be the top coming off the bubbling gdp and State finances magma .
The latest economic figures could be described as both unwelcome and inevitable : yet again , the Prime Minister ’ s ebullient optimism shrivels into denialiasm in the cold light of eonomic statistics as covered by the UK media today .
I ’ ll construct the real and ruinous cost of Contrick19 and Matt ’ s Meddlesome Modellers in more detail tomorrow : suffice it to record here that we are heading for an unemployment and gdp bloodbath @ @ @ @ @ @ @ degree student could have predicted three months ago .
Commenting in the Telegraph , Jeremy Warner writes : ‘ By repeatedly locking down , we merely transfer the destructive powers of the virus from the biological to the economic .
Denied the opportunity to let rip in the population , Covid instead lets rip in the public finances .
Those of us who favour the first of these approaches are often accused of a heartless disregard for life .
On Twitter , I ’ ve been repeatedly called “ the guy who wants @ @ @ @ @ @ @ Lucky you , Mr Warner : on Twitter , I ’ m the granddad who wants to kill all the eligible guys .
On this occasion , Jeremy nails succinctly how Covidiots can ’ t grasp that lives lost to the neglect of other illnesses ( and health budgets lost to falling tax income ) are far more deadly than Coronavirus .
But like everyone at the Telegraph – and I shrink from prodding them with a sharp stick , because at least compared to most media monkeys they are at least raising @ @ @ @ @ @ @ ’ t take the next step into reality : that first , the eligible guys are cases , not fatalities ; and second , carefully myopic use of stats can not in the end hide one simple fact – Covid19 is killing the same group of people in a different way….but net , it is not killing more people .
Time after time , the new breed of Wikistats Disinformation Agencies – the pushers of ‘ such and such a régime has been vilified unfairly ’ , ‘ Orban is a Nazi ’ @ @ @ @ @ @ @ us all ’ – either include artificially engorged Coronavirus “ deaths ” with deaths from all causes , or pluck raw numbers from their global context , using sheer volume to suggest universality .
A classic example yesterday on one Biden-supporting US site was that “ people over seventy are thousands of times more likely to die from Covid19 than those under forty ” .
That gives the impression that death is inevitable for people like me….but it wilfully ignores the fact that to date , as a human cull , this novel @ @ @ @ @ @ @ rate of 0.0064 % .
In fact , I have four chances in a hundred of dying from this virus .
At my age and with a lack of most other comorbordities , I happily accept those odds – especially living in a country where I can get HCQ administered the minute I know I ’ m infected .
Nine hundred and ninety-nine people out of a thousand will suffer little more than three days in bed as a result of Covid19 infection .
Only a fool destroys an economy supporting 75 million @ @ @ @ @ @ @ a thousand people who do not represent additional deaths to those of viruses in previous years .
Such represents madness in years of economic plenty .
To do so after a pointless bout of self-inflicted income reduction in a year that looks forward to the challenge of final Brexit is beyond explanation other than that our leaders are paying obeisance to another agenda entirely…or are all mathematically illiterate .
Add to that conclusion the ghastly state of economies beyond ours , and the outlook seems positively apocalyptic .
The collapse in crude oil @ @ @ @ @ @ @ looming downturn in sub-Saharan Africa , the basket case that is Italy , the EU facing life without cash-cow Britain , and the supreme madness of the Australian authorities are all adding to an economic Covid-shock that the World Economic Forum tells us is three times worse than the 2008 shambles .
And remember – the banking firms and bourses have persistently blocked or diluted all attempts at reform since that time…while the vast majority have a QE-inflated index of valuation that bears no relation whatsoever to reality .
Boris , my friends @ @ @ @ @ @ @ because he is neither one of them , nor one of us .

by John Ward
The Great Barrington Reef may not sink SS Pharmafia, but a Brexit sellout will drown BoJo
…..AND THE RUMBLING ECONOMIC VOLCANO THAT SET OFF THE TSUNAMI WAVES IS NOT FAR AWAY. THE LONGER THE PRIME MINISTER DENIES REALITY, THE MORE CALAMITOUS HIS END WILL BE
Today, I want to be balanced but blunt about Boris Johnson’s chances of survival in a Governing Class context. Tomorrow, I will switch the emphasis towards how his almost inevitable failure to keep the confidence of “the State” in its myriad forms could result in the long-awaited destruction of Britain’s political duopoly for the common good…or something even worse.
It seems odd to me, having to make that distinction: back in the day in a proper free-speech democracy, the People voted (on the most contentious issues) for what they thought the best solution offered by the Parties available. Now they no longer really know what they’re voting for, because choosing the Big Swinging Members they will tolerate has become an Unelected Secret State monopoly. As time goes on, indeed, a senior politician’s ability to get the approval of unelected power becomes increasingly decisive – and this is, in a nutshell, the rot to be stopped.
In the States, from Carter onwards the Shadow State has conspired to undermine and fake anything and everything surrounding candidates it doesn’t want; this has never been more blatant than in the treatment of Donald Trump.
In the UK, banking firms, bourses and Murdoch sensed that Blair would do their bidding, and they chose well. In Cameron’s case, they chose badly. Following his disastrous gamble on the Brexit referendum, Call Me Dave was going to see it through on the Friday, and was gone by the following Tuesday. When the unelected brokers chose May, and Leadsome put up a highly credible challenge to her, she too was disappeared in very short order.
Both events stank of blackmail….what the stakeholders in the Shadow State want matters. They didn’t want Boris in 2019, and they don’t want him now. As Harold Macmillan wisely observed, “There will always be events” – and these have been used to trap Bojo in a permanent three-front war by every means imaginable.
These are the bum steer of hiding from Covid19, the attempt at every turn to undermine his Brexit position, and the anti-Covid strategy’s disastrous socio-economic effects…..which will, you can be sure, be blamed on first him and then Brexit.
For the first time in fifteen years of blogging, I signed an online petition yesterday from the Great Barrington group of medics worldwide. It was lamenting the hopelessly misguided Lockdown strategy of governments across the Globe, and forecast an economic disaster that would kill far more humans than Coronavirus ever could.
Perhaps at last, mobilising real medical practitioner opinion (as opposed to listening to a tiny Pharma-bribed group of theory-blinded élites) may accelerate the process of scales falling from the Sleeple’s eyes.
Then again, perhaps not. But either way, Prime Minister Boris Johnson is sailing merrily into a perfect triple-header of deep water and molten lava. Perhaps – ever the optimist – Bojo sees the whole thing as one giant free sauna. Oh dear.
We may have to wait a little longer for the realisation of utter Covid19 strategic balls-up to filter down to the electorate en masse, but there’s nowhere to hide on Brexit.
Waiting in the wings (and just gagging to say that the Brexit deal is a sellout) will be Nigel Farage and his Brexit Party. Nigel will have to say that, because if he doesn’t, then both he and his Party – as currently branded – will be reduced to a small footnote in chaotic 21st Century history.
I suspect most Brits will let BoJo have a bit of backsliding room for him to hype any Brexit deal….but if the fishing rights thing is fudged, he’ll be in serious trouble. And if, on the other hand, it’s No Deal….er, start recounting the MP numbers in the Commons with less regard to “Party loyalty”.
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Such trouble will be enough to seal his fate if he ignores the growing unpopularity and professional rubbishing of the stubborn Manflu’s virus idiocy. But the biggy will be the top coming off the bubbling gdp and State finances magma.
The latest economic figures could be described as both unwelcome and inevitable: yet again, the Prime Minister’s ebullient optimism shrivels into denialiasm in the cold light of eonomic statistics as covered by the UK media today.
I’ll construct the real and ruinous cost of Contrick19 and Matt’s Meddlesome Modellers in more detail tomorrow: suffice it to record here that we are heading for an unemployment and gdp bloodbath that any halfway attentive Second Year Economics degree student could have predicted three months ago. Commenting in the Telegraph, Jeremy Warner writes:
‘By repeatedly locking down, we merely transfer the destructive powers of the virus from the biological to the economic. Denied the opportunity to let rip in the population, Covid instead lets rip in the public finances. Those of us who favour the first of these approaches are often accused of a heartless disregard for life. On Twitter, I’ve been repeatedly called “the guy who wants to kill my granddad”.’
Lucky you, Mr Warner: on Twitter, I’m the granddad who wants to kill all the eligible guys. On this occasion, Jeremy nails succinctly how Covidiots can’t grasp that lives lost to the neglect of other illnesses (and health budgets lost to falling tax income) are far more deadly than Coronavirus.
But like everyone at the Telegraph – and I shrink from prodding them with a sharp stick, because at least compared to most media monkeys they are at least raising doubts about the narrative – they won’t take the next step into reality: that first, the eligible guys are cases, not fatalities; and second, carefully myopic use of stats cannot in the end hide one simple fact – Covid19 is killing the same group of people in a different way….but net, it is not killing more people.
Time after time, the new breed of Wikistats Disinformation Agencies – the pushers of ‘such and such a régime has been vilified unfairly’, ‘Orban is a Nazi’ and now ‘The Covid plague threatens us all’ – either include artificially engorged Coronavirus “deaths” with deaths from all causes, or pluck raw numbers from their global context, using sheer volume to suggest universality.
A classic example yesterday on one Biden-supporting US site was that “people over seventy are thousands of times more likely to die from Covid19 than those under forty”. That gives the impression that death is inevitable for people like me….but it wilfully ignores the fact that to date, as a human cull, this novel Coronavirus is killing at the annualised overall rate of 0.0064%. In fact, I have four chances in a hundred of dying from this virus. At my age and with a lack of most other comorbordities, I happily accept those odds – especially living in a country where I can get HCQ administered the minute I know I’m infected.
Nine hundred and ninety-nine people out of a thousand will suffer little more than three days in bed as a result of Covid19 infection. Only a fool destroys an economy supporting 75 million people for the sake of 1 in a thousand people who do not represent additional deaths to those of viruses in previous years.
Such represents madness in years of economic plenty. To do so after a pointless bout of self-inflicted income reduction in a year that looks forward to the challenge of final Brexit is beyond explanation other than that our leaders are paying obeisance to another agenda entirely…or are all mathematically illiterate.
Add to that conclusion the ghastly state of economies beyond ours, and the outlook seems positively apocalyptic. The collapse in crude oil prices, global trade imbalances, a looming downturn in sub-Saharan Africa, the basket case that is Italy, the EU facing life without cash-cow Britain, and the supreme madness of the Australian authorities are all adding to an economic Covid-shock that the World Economic Forum tells us is three times worse than the 2008 shambles.
And remember – the banking firms and bourses have persistently blocked or diluted all attempts at reform since that time…while the vast majority have a QE-inflated index of valuation that bears no relation whatsoever to reality.
Boris, my friends, is doomed. He is doomed because he is neither one of them, nor one of us.


investmentwatchblog--2020-10-09--Senate Republicans Blocking a Trump Nominee that wound end Internet censorship against Republicans

Tucker Carlson Calling Out The GOP For Not Confirming President Trump 's Nominees '' If you 're worried about the @ @ @ @ @ , and you should be , you ought to support Simington 's appointment . ''

Tucker Carlson Calling Out The GOP For Not Confirming President Trump's Nominees
"If you're worried about the unchecked power of Big Tech, and you should be, you ought to support Simington's appointment."
Call @SenatorWicker's Office Tomorrow (202) 224-6253. #ConfirmSimington pic.twitter.com/3DFWR6UFjE
— The Columbia Bugle 🇺🇸 (@ColumbiaBugle) October 9, 2020


investmentwatchblog--2020-10-09--Gallup 6 in 10 Americans say they are better off now than three years ago: Up almost 20% from Obama’

Gallup 6 in 10 Americans say they are better off now than three years ago: Up almost 20% from Obama’s Presidency!

61 % say they are better off than three years ago No more than 50 % have said this in @ @ @ @ @ U.S. world standing mostly similar to past elections WASHINGTON , D.C. — Sixty-one percent of @ @ @ @ @ off than they were three years ago , a higher percentage than in prior election @ @ @ @ @ was running .
In the 1992 , 1996 and 2004 election cycles , exactly half @ @ @ @ @ .
In three separate measures during the 2012 election cycle , an average of 45 @ @ @ @ @ off .

61% say they are better off than three years ago
No more than 50% have said this in past election cycles
Evaluations of U.S. world standing mostly similar to past elections
WASHINGTON, D.C. — Sixty-one percent of Americans say they are better off than they were three years ago, a higher percentage than in prior election years when an incumbent president was running. In the 1992, 1996 and 2004 election cycles, exactly half said they were better off. In three separate measures during the 2012 election cycle, an average of 45% said they were better off.


investmentwatchblog--2020-10-09--Trump vs. The Globalists (Video)

Trump vs. The Globalists (Video)

This video does a pretty good job explaining the current fight between Trump vs. the Globalists – and roughly why/what/who @ @ @ @ @

This video does a pretty good job explaining the current fight between Trump vs. the Globalists – and roughly why/what/who Trump is up against …..
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AC


investmentwatchblog--2020-10-09--Memory holed – Tulsi DESTROYS Kamala

Memory holed – Tulsi DESTROYS Kamala

Tulsi Gabbard is everything that the American people need .
She has been railroaded by her own party .
Bernie @ @ @ @ @ real challenge and IMO Tulsi would have done even better against Trumo .
The Democrats @ @ @ @ @ , they don ’ t any progressive politics , they want to maintain the entrenched @ @ @ @ @ Biden , Nadler etc .
What have any of these people ever done for Americans @ @ @ @ @ better , Bush Snr , Romney , Dubbya – all deep state trash .
How @ @ @ @ @ like this ?
She would have been a significant force .
Rogan onside , no @ @ @ @ @ did they fence her off ?

no one pass me the aux right now because all im gonna play is kamala harris getting her ass handed to her on a loop pic.twitter.com/5zJiFtDrLC — MJ (@morganisawizard) August 1, 2019
Tulsi Gabbard is everything that the American people need. She has been railroaded by her own party. Bernie would have given Trump a real challenge and IMO Tulsi would have done even better against Trumo. The Democrats are playing a long game, they don’t any progressive politics, they want to maintain the entrenched undead relics of Pelosi, Biden, Nadler etc. What have any of these people ever done for Americans?
The Republicans are no better, Bush Snr, Romney, Dubbya – all deep state trash. How could Tulsi have been ignored like this? She would have been a significant force. Rogan onside, no dirty laundry so fucking why did they fence her off?
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h/t BlindingTwilight


investmentwatchblog--2020-10-09--VP Debate Mic Drop Moment

VP Debate Mic Drop Moment

PENCE : `` When you talk about accepting the outcome of the election , I must tell you , Senator @ @ @ @ @ the last three and a half years trying to overturn the results of the last @ @ @ @

PENCE: "When you talk about accepting the outcome of the election, I must tell you, Senator, your party has spent the last three and a half years trying to overturn the results of the last election." pic.twitter.com/zrquOgjKz4
— Daily Caller (@DailyCaller) October 8, 2020


investmentwatchblog--2020-10-09--Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, whic

Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED

( Natural News ) Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City .
Their combined income of $ 175,000 covered the mortgage , two car leases , student loans , credit cards and the expense of raising two daughters .
But Hopkins ’ work as a lawyer representing clients in foreclosure cases and personal injury lawsuits dried up after the coronavirus halted foreclosures and shut down courts .
Now , their savings are running low , and their debt payments — at $ 9,000 a month — are @ @ @ @ @ @ @ unemployment benefits .
In an interview with the Wall Street Journal , Hopkins expressed her frustration : She had a law degree and almost 20 years of practice under her belt — yet she was unable to earn a living .
Hopkins joins millions of other Americans who suddenly found themselves without a job during the coronavirus pandemic .
While low-income workers have borne much of the pandemic ’ s brunt , the economic fallout brought on by the pandemic is starting to hit the debt-laden middle class .
( Related : We @ @ @ @ @ @ @ the greatest debt bubble in history and our debt just keeps getting bigger . )
No one can pay debts on lockdown Months after the initial arrival of the coronavirus , some states — including New York , where Hopkins is based — have reopened their economies to the new normal .
Most courts there have reopened , but law firms in New York City and Long Island that used to hire her now handle cases online , skipping the need to drive that takes an hour or more .
Hopkins is back @ @ @ @ @ @ @ the volume is nothing like it was .
She had six assignments in August and a few so far in September — a far cry from the four to six court appearances every day on average before the pandemic .
“ I don ’ t know if it ’ s ever going back to that , ” she added .
New York ’ s reopening also lightened their burdens .
Hopkins and her husband Boschen paused their $ 750 car payments for April and May , and got a one-month break on a @ @ @ @ @ @ @ .
Meanwhile , Boschen said his student loan payments amounting to almost $ 800 were deferred through December .
Combined with money for their daughters ’ summer camp , that amount freed up enough to cover their $ 3,000 monthly mortgage payment and $ 1,500 monthly health insurance premium .
Her weekly state unemployment benefit amounting to $ 441 after taxes ended last week , but she received a $ 262 deposit at the same time from President Donald Trump ’ s executive order in August , which mandated a guaranteed $ 300 @ @ @ @ @ @ @ .
Hopkins mentioned that she recently took out a $ 36,500 Small Business Administration loan as her legal work made her qualified as a small business , adding that she has 30 years to repay the loan that covers her work bills .
More layoffs , less income to pay off debts Debt was not considered a problem before the coronavirus arrived in the United States .
The job market was on a roll and incomes were rising , so families managed to keep up with monthly debt payments .
However , not @ @ @ @ @ @ @ at the door .
Only a few industries were spared by the virus , and expanded unemployment benefits meant to replace the average American income was insufficient to cover the lost pay of higher-earning workers — especially those in or near expensive cities .
To make things worse , many lenders that let borrowers skip payments for a few months are now expecting to get paid .
Such is the consequence of a society fueled by debt .
People take out loans and buy things beyond their income “ to keep up with @ @ @ @ @ @ @ loan to repay the first one in a seemingly endless cycle .
When the economy collapses due to a pandemic or some other reason , some people lose the ability to pay off their debts .
Lenders can extend grace periods or condone payments for a certain period but these are only temporary measures .
Long-term inability to keep up with debt payments leads to insolvency , prompting lenders to foreclose borrowers ’ properties so the debt is fully paid .
Learn more news about how the coronavirus pandemic exacerbates the problem of @ @ @ @ @ @

by: Ramon Tomey
(Natural News) Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters.
But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal injury lawsuits dried up after the coronavirus halted foreclosures and shut down courts. Now, their savings are running low, and their debt payments — at $9,000 a month — are starting to hurt, even after receiving unemployment benefits.
In an interview with the Wall Street Journal, Hopkins expressed her frustration: She had a law degree and almost 20 years of practice under her belt — yet she was unable to earn a living.
Hopkins joins millions of other Americans who suddenly found themselves without a job during the coronavirus pandemic. While low-income workers have borne much of the pandemic’s brunt, the economic fallout brought on by the pandemic is starting to hit the debt-laden middle class. (Related: We are living in the terminal phase of the greatest debt bubble in history and our debt just keeps getting bigger.)
No one can pay debts on lockdown
Months after the initial arrival of the coronavirus, some states — including New York, where Hopkins is based — have reopened their economies to the new normal. Most courts there have reopened, but law firms in New York City and Long Island that used to hire her now handle cases online, skipping the need to drive that takes an hour or more.
Hopkins is back to work taking virtual depositions, but the volume is nothing like it was. She had six assignments in August and a few so far in September — a far cry from the four to six court appearances every day on average before the pandemic.
“I don’t know if it’s ever going back to that,” she added.
New York’s reopening also lightened their burdens. Hopkins and her husband Boschen paused their $750 car payments for April and May, and got a one-month break on a $680 payment for a personal loan. Meanwhile, Boschen said his student loan payments amounting to almost $800 were deferred through December. Combined with money for their daughters’ summer camp, that amount freed up enough to cover their $3,000 monthly mortgage payment and $1,500 monthly health insurance premium.
Her weekly state unemployment benefit amounting to $441 after taxes ended last week, but she received a $262 deposit at the same time from President Donald Trump’s executive order in August, which mandated a guaranteed $300 weekly unemployment benefit from the federal government.
We are primarily funded by readers. Please subscribe and donate to support us!
Hopkins mentioned that she recently took out a $36,500 Small Business Administration loan as her legal work made her qualified as a small business, adding that she has 30 years to repay the loan that covers her work bills.
More layoffs, less income to pay off debts
Debt was not considered a problem before the coronavirus arrived in the United States. The job market was on a roll and incomes were rising, so families managed to keep up with monthly debt payments.
However, not everyone was spared when COVID-19 came knocking at the door. Only a few industries were spared by the virus, and expanded unemployment benefits meant to replace the average American income was insufficient to cover the lost pay of higher-earning workers — especially those in or near expensive cities.
To make things worse, many lenders that let borrowers skip payments for a few months are now expecting to get paid.
Such is the consequence of a society fueled by debt. People take out loans and buy things beyond their income “to keep up with the Joneses,” taking out another loan to repay the first one in a seemingly endless cycle.
When the economy collapses due to a pandemic or some other reason, some people lose the ability to pay off their debts. Lenders can extend grace periods or condone payments for a certain period but these are only temporary measures. Long-term inability to keep up with debt payments leads to insolvency, prompting lenders to foreclose borrowers’ properties so the debt is fully paid.
Learn more news about how the coronavirus pandemic exacerbates the problem of a debt-fueled economy at DebtCollapse.com.
Sources include:
WSJ.com
WhiteHouse.gov


investmentwatchblog--2020-10-09--Barack Obama Bilderberg speech saying Humanity needs to surrender to the “New World Order”

Barack Obama Bilderberg speech saying Humanity needs to surrender to the `` New World Order ''

Barack Obama Bilderberg speech saying Humanity needs to surrender to the "New World Order"
March 26, 2014
Palais des Beaux Arts
Brussels, Belgium pic.twitter.com/9RfjngQYRI
— QPatriot0 (@QPatriot0) October 8, 2020


investmentwatchblog--2020-10-09--Australian health minister slips up during press conference, says “… we must treat this new world or

Australian health minister slips up during press conference, says “… we must treat this new world order” … their masks are falling, they won’t be able to walk the streets!

Im not happy with your compliance , your home is dangerous , it ’ s all for the new world @ @ @ @

Im not happy with your compliance, your home is dangerous, it’s all for the new world order! Wow pic.twitter.com/fKKuMIFNB0
— Luke Rudkowski (@Lukewearechange) October 8, 2020


investmentwatchblog--2020-10-09--If COVID had never happened and it was announced that the upcoming flu season might be twice as dead

If COVID had never happened and it was announced that the upcoming flu season might be twice as deadly as @ @ @ @ @ shutting down society in response ?
t.co/6yonSiJlHq

If COVID had never happened and it was announced that the upcoming flu season might be twice as deadly as normal, would anyone suggest shutting down society in response? t.co/6yonSiJlHq
— Matt Walsh (@MattWalshBlog) October 8, 2020


investmentwatchblog--2020-10-09--The UK is so Screwed

The UK is so Screwed

Is there any place in the world we can get away from this shit ?
It ’ s just 15 @ @ @ @ @ .

Is there any place in the world we can get away from this shit?
It’s just 15 days to slow the spread.
It’s just a mask.
It’s just social distance.
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It’s just cameras.
It’s just a chip.
It’s just a social credit score.
h/t MujiDhoti


investmentwatchblog--2020-10-09--If the Pandemic Thinking Was Applied To Everything

This video will show you what it would be like if the pandemic thinking was applied to everything .
Using @ @ @ @ @ would make us better off in all areas of our lives .
Some dude trying @ @ @ @ @ subject we often deal with here .
Satire and comedy in dangerous times .

This video will show you what it would be like if the pandemic thinking was applied to everything. Using emotional reactions with zero logic would make us better off in all areas of our lives.
Some dude trying to do comedy regarding a subject we often deal with here. Satire and comedy in dangerous times.
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h/t Orangutan


investmentwatchblog--2020-10-09--UNAPPROVED IDEAS ARE NOT PERMITTED:

UNAPPROVED IDEAS ARE NOT PERMITTED:

California Bureaucrats Knocked Down Giant Trump Sign On Private Property , Claimed It Was A Safety Hazard .
This makes @ @ @ @ @ challenge they ca n't suppress with groupthink , like a new pandemic , foreign policy @ @ @ @ @ disaster .

California Bureaucrats Knocked Down Giant Trump Sign On Private Property, Claimed It Was A Safety Hazard.
Related: Twitter Locks Account of Ric Grenell over Voter Fraud Warning.
They’re not even pretending anymore.
Related: Richard Fernandez:
This makes them extraordinarily vulnerable to any challenge they can't suppress with groupthink, like a new pandemic, foreign policy crisis, economic meltdown or disaster.
— wretchardthecat (@wretchardthecat) September 29, 2020


investmentwatchblog--2020-10-09--DOJ Files Title VI Lawsuit Against Yale For Discriminating Against White and Asian Applicants

The Justice Department today filed suit against Yale University for race and national origin discrimination .
The complaint alleges that Yale discriminated against applicants to Yale College on the grounds of race and national origin , and that Yale ’ s discrimination imposes undue and unlawful penalties on racially-disfavored applicants , including in particular most Asian and White applicants .
The complaint also alleges that Yale injures applicants and students because Yale ’ s race discrimination relies upon and reinforces damaging race-based stereotypes , including in particular such stereotypes against Yale ’ s racially-favored applicants .
And , the complaint @ @ @ @ @ @ @ by , among other things , keeping the annual percentage of African-American admitted applicants to within one percentage point of the previous year ’ s admitted class as reflected in U.S. Department of Education data .
The complaint alleges similar racial balancing about Asian-American applicants .
The department ’ s complaint alleges that Yale ’ s race and national origin discrimination violate Title VI of the 1964 Civil Rights Act .
The lawsuit is the result of a multi-year investigation into allegations of illegal discrimination contained in a complaint filed by Asian American @ @ @ @ @ @ @ “ Illegal race discrimination by colleges and universities must end , ” said Assistant Attorney General Eric Dreiband for the Civil Rights Division .
“ This nation ’ s highest ideals include the notion that we are all equal under the law .
For centuries , people from all over the world have learned of this ideal , left their ancestral homes , and come to the United States hoping that this country would live up to its ideals and that they and their families could enjoy equal opportunity and pursue the American @ @ @ @ @ @ @ dreams through higher education , and they continue to do so .
All persons who apply for admission to colleges and universities should expect and know that they will be judged by their character , talents , and achievements and not the color of their skin .
To do otherwise is to permit our institutions to foster stereotypes , bitterness , and division.
” As a condition of receiving millions of dollars in taxpayer funding , Yale expressly agrees to comply with Title VI of the Civil Rights Act of 1964 , a @ @ @ @ @ @ @ the basis of race , color , or national origin in programs and activities that receive federal financial assistance .
According to the complaint , Yale receives over $ 600 million annually in federal funds .

The Justice Department today filed suit against Yale University for race and national origin discrimination. The complaint alleges that Yale discriminated against applicants to Yale College on the grounds of race and national origin, and that Yale’s discrimination imposes undue and unlawful penalties on racially-disfavored applicants, including in particular most Asian and White applicants.
The complaint also alleges that Yale injures applicants and students because Yale’s race discrimination relies upon and reinforces damaging race-based stereotypes, including in particular such stereotypes against Yale’s racially-favored applicants. And, the complaint alleges that Yale engages in racial balancing by, among other things, keeping the annual percentage of African-American admitted applicants to within one percentage point of the previous year’s admitted class as reflected in U.S. Department of Education data. The complaint alleges similar racial balancing about Asian-American applicants.
The department’s complaint alleges that Yale’s race and national origin discrimination violate Title VI of the 1964 Civil Rights Act. The lawsuit is the result of a multi-year investigation into allegations of illegal discrimination contained in a complaint filed by Asian American groups concerning Yale’s conduct.
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“Illegal race discrimination by colleges and universities must end,” said Assistant Attorney General Eric Dreiband for the Civil Rights Division. “This nation’s highest ideals include the notion that we are all equal under the law. For centuries, people from all over the world have learned of this ideal, left their ancestral homes, and come to the United States hoping that this country would live up to its ideals and that they and their families could enjoy equal opportunity and pursue the American dream. Countless Americans have pursued their dreams through higher education, and they continue to do so. All persons who apply for admission to colleges and universities should expect and know that they will be judged by their character, talents, and achievements and not the color of their skin. To do otherwise is to permit our institutions to foster stereotypes, bitterness, and division.”
As a condition of receiving millions of dollars in taxpayer funding, Yale expressly agrees to comply with Title VI of the Civil Rights Act of 1964, a cornerstone civil-rights law that prohibits discrimination on the basis of race, color, or national origin in programs and activities that receive federal financial assistance. According to the complaint, Yale receives over $600 million annually in federal funds.
www.justice.gov/opa/pr/justice-department-sues-yale-university-illegal-discrimination-practices-undergraduate


investmentwatchblog--2020-10-09--ANSWERS, DIRECTLY FROM POTUS

ANSWERS, DIRECTLY FROM POTUS

It is clear that Trump is going to get directly involved and go nuclear on these crimal deep state actors @ @ @ @ @ also why the Cabal is in an all out war with us right now .

It is clear that Trump is going to get directly involved and go nuclear on these crimal deep state actors. Of course that is also why the Cabal is in an all out war with us right now.
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CP


investmentwatchblog--2020-10-09--Hispanic Homeownership In USA Highest EVER As Hispanic Wage Growth Soars (Also Highest Ever)

There is a lot to celebrate in the housing market , particularly for Hispanic households .
Hispanic ( Latino ) @ @ @ @ @ highest level in history , surpassing even the peak of the housing bubble in 2005-2007 @ @ @ @ @ the record Hispanic homeownership rates is soaring Hispanic wage growth YoY .
Black homeownership rates @ @ @ @ @ .
It is indeed a better world when minorities can share in the American Dream @ @ @ @ @ .

by confoundedinterest17
There is a lot to celebrate in the housing market, particularly for Hispanic households.
Hispanic (Latino) homeowership has soared to its highest level in history, surpassing even the peak of the housing bubble in 2005-2007. The primary driver of the record Hispanic homeownership rates is soaring Hispanic wage growth YoY.
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Black homeownership rates have also soared in 2020.
It is indeed a better world when minorities can share in the American Dream of homeownership and rising earnings.


investmentwatchblog--2020-10-09--POTUS on Hannity: “We caught them spying , this is treason. We caught them trying to take down a dul

POTUS on Hannity: “We caught them spying , this is treason. We caught them trying to take down a duly elected President . We have all the evidence “…

THIS IS TREASON
WE HAVE ALL THE EVIDENCE
THEY SPENT 3 AND A HALF YEARS TRYING TO TERMINATE A PRESIDENCY pic.twitter.com/hy7X3eA9im
— Click (@C_L_I_C_K) October 9, 2020


investmentwatchblog--2020-10-09--Thief caught on camera stealing mail-in ballots & mail from neighborhood in North County, California

Thief caught on camera stealing mail-in ballots & mail from neighborhood in North County, California; residents extremely concerned.

Videos or news on these instances will keep being spread around , but barely anything will be done about it @ @ @ @ @ the corruption and fraud the democrats have used to slowly take our nation and our @ @ @ @ @ more we can do to get the attention of politicians on these issues ?

Videos or news on these instances will keep being spread around, but barely anything will be done about it unfortunately due to all of the corruption and fraud the democrats have used to slowly take our nation and our elections. Is there any more we can do to get the attention of politicians on these issues?
Related:
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JUST IN: 58,000 mail-in ballots supposed to be sent out to voters last week in Westmoreland County, Pennsylvania, are now missing in action — SV News 🚨 (@SVNewsAlerts) October 9, 2020
h/t TheAliensareFake


investmentwatchblog--2020-10-09--Trump says if Biden is wins, US will become a ‘9th-world country’ on ‘Hannity

KRUISER ’ S MORNING BRIEF : Vote Trump or Have Your Freedom Die .
“ We are on the precipice @ @ @ @ @ .
We ’ re faced with a choice between people who value life and liberty @ @ @ @ @ take your guns , keep you from going to church , and criminalize speech.
” @ @ @ @ @ COMING ?
WaPo : Defund the Police movement backfiring in cities across the country .
@ @ @ @ @ m Worried He Will ’ : Trump Appears Poised To Win Obama Swing Counties North @ @ @ @ @ explains the strained effort to blame Trump for the anarchist kidnapping conspiracy aimed at Gretchen @ @ @ @ @ of Being Called ‘ Racist ’ Yet ?

KRUISER’S MORNING BRIEF: Vote Trump or Have Your Freedom Die. “We are on the precipice as a nation right now. We’re faced with a choice between people who value life and liberty and people who want to take your guns, keep you from going to church, and criminalize speech.”
WHO COULD HAVE SEEN THIS COMING? WaPo: Defund the Police movement backfiring in cities across the country.
Related: ‘I’m Worried He Will’: Trump Appears Poised To Win Obama Swing Counties North Of Detroit.
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That probably explains the strained effort to blame Trump for the anarchist kidnapping conspiracy aimed at Gretchen Whitmer.
Are Americans Tired of Being Called ‘Racist’ Yet?
AC


investmentwatchblog--2020-10-09--UK GDP shows that we are experiencing a depression rather than a recession

Today gives us an opportunity to find out what the UK economy was up to in August so let me start with the good news which is that it grew .
Indeed in ordinary times this would be considered stellar growth .
Although of course these times are quite some distance from ordinary .
As you can see we have had four months of very strong growth but the pattern has been very erratic .
Although as I will come to later there is a worrying trend if you just look at the last three months .
As we are @ @ @ @ @ @ @ be surprised where much of the growth came from .
So the Eat Out to Help Out Scheme was successful in its initial aim although with local lockdowns spreading it seems likely that the boost will fade .
In fact the whole sector was on a bit of a tear in August .
Even with this growth we have a fair distance still to travel .
Some sectors have further to go than others .
Also I note significant growth being recorded for education ( worth 0.35 % of GDP ) and health @ @ @ @ @ @ @ we begin to correct the extraordinary inflation recorded by out statisticians in these areas in the second quarter .
This also played its part in August .
But as you can see on a much smaller scale especially as mining and quarrying was a brake .
However over the pandemic period as a whole it has done better than services .
Regular readers will know that even in much calmer times these numbers had what Taylor Swift would call “ trouble , trouble , trouble ” which will be even worse now .
@ @ @ @ @ @ @ .
So the surge has slowed substantially and even so this is where we think we are .
We find out a little more from this .
An extraordinary burst of growth but it is much smaller than the fall .
The pattern is rather different from what we have become used to .
So the usual leader of the pack which is services have been an under performer .
This is in spite of the fact that we have surge a surge in accommodation and hospitality of 85.5 % and 16.4 % @ @ @ @ @ @ @ structure from normal as we see that this is a services driven depression .
In terms of structure we have this .
GDP numbers rely quite a bit on this and as you will see tucked away in it is some hope for September .
We are back to education so let ’ s have some Alice Cooper who was on the ball this year .
How have our statisticians dealt with this ?
The whole issue of seasonal adjustment this year is quite a minefield .
I have been pointing out that @ @ @ @ @ @ @ several months now and we have another one .
Unlike in the GDP arena this seems to be a services thing .
Even on an annual basis we now have a surplus .
Whilst a surplus for the UK is welcome after decades of deficits the smile changes Cheshire Cat style as we note this .
This morning ’ s release is both welcome and sobering .
The welcome bit is that we have growth but the sobering bit is that we have a long way to go still .
It has been @ @ @ @ @ @ @ we are in the middle of a “ V-Shaped ” recovery .
Let me illustrate with this from Bank of England chief economist Andy Haldane .
The man I have described as a “ loose cannon on the decks ” has been free wheeling again .
Of course we might grow by 5-6 % in September but in August we grew in a month by what he thought would take not much more than a week .
Still I am pleased he has been doing some reading albeit of a book I read @ @ @ @ @ @ @ you who have never read this Chicken Licken was worried about the sky falling down .
Well it looks like it has on Andy ’ s forecasts and on Andy himself who is now a figure of fun even amongst those that previously cheered him .
Oh how Time magazine must wish they could redact that !
But the more important point is something I have been making all along .
This is a depression much more than a recession and it looks as though it is going to last much longer than @ @ @ @ @ @ @ bounce backs in some areas but others are plainly in a mess .
As it would have been John Lennon ’ s 80th birthday let me finish with this .

by Shaun Richards
Today gives us an opportunity to find out what the UK economy was up to in August so let me start with the good news which is that it grew. Indeed in ordinary times this would be considered stellar growth. Although of course these times are quite some distance from ordinary.
Monthly gross domestic product (GDP) grew by 2.1% in August 2020 following growth of 6.4% in July, 9.1% in June and 2.7% in May.
As you can see we have had four months of very strong growth but the pattern has been very erratic. Although as I will come to later there is a worrying trend if you just look at the last three months.
The Services Sector
As we are looking at August I doubt many will be surprised where much of the growth came from.
In August 2020, the services sector grew by 2.4%, following growth of 5.9% in July. The accommodation and food services sub-sector was the largest contributor to the increase in August, in particular, the food and beverage service activities industry, which grew 69.7% as the combined impact of easing lockdown restrictions and the Eat Out to Help Out Scheme boosted consumer demand for bars and restaurants.
So the Eat Out to Help Out Scheme was successful in its initial aim although with local lockdowns spreading it seems likely that the boost will fade. In fact the whole sector was on a bit of a tear in August.
The accommodation industry also grew by 76% as international travel restrictions boosted domestic “staycations”. These industries contributed 1.25 percentage points to the 2.1% growth in GDP for August 2020.
Even with this growth we have a fair distance still to travel.
In August 2020, the Index of Services was 9.6% below February 2020, the previous month of “normal” trading conditions, prior to the coronavirus (COVID-19) pandemic.
Some sectors have further to go than others.
There were four industries that failed to reach 50% of their pre-February 2020 level; these were travel agencies, air transport, rail transport, and creative, arts and entertainment.
Also I note significant growth being recorded for education ( worth 0.35% of GDP) and health ( 0.13%) of GDP as we begin to correct the extraordinary inflation recorded by out statisticians in these areas in the second quarter.
Production
This also played its part in August.
Production output rose by 0.3% between July 2020 and August 2020, with manufacturing providing the largest upward contribution, rising by 0.7%; electricity and gas also rose (1.6%), partially offset by a fall in mining and quarrying (4.1%).
But as you can see on a much smaller scale especially as mining and quarrying was a brake. However over the pandemic period as a whole it has done better than services.
production output is 6.0% lower than the level in February 2020, with manufacturing 8.5% lower.
Construction
Regular readers will know that even in much calmer times these numbers had what Taylor Swift would call “trouble,trouble,trouble” which will be even worse now. But with that caveat here they are.
Monthly construction output growth slowed to 3.0% in August 2020, following record monthly growth of 21.8% in June 2020 and growth of 17.2% in July 2020.
So the surge has slowed substantially and even so this is where we think we are.
The level of construction output in August 2020 remains 10.8% below the February 2020 level.
More Perspective
We find out a little more from this.
Gross domestic product (GDP) grew by 8.0% in the three months to August 2020 as restrictions on movement eased across June, July and August.
An extraordinary burst of growth but it is much smaller than the fall. The pattern is rather different from what we have become used to.
All the headline sectors provided a positive contribution to GDP growth in the three months to August 2020. The services sector grew by 7.1%, production by 9.3% and construction by 18.5%.
So the usual leader of the pack which is services have been an under performer. This is in spite of the fact that we have surge a surge in accommodation and hospitality of 85.5% and 16.4% in education.
So a very different structure from normal as we see that this is a services driven depression.
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Back to Normal?
Er no.
August 2020 GDP is now 21.7% higher than its April 2020 low. However, it remains 9.2% below the levels seen in February 2020, before the full impact of the coronavirus (COVID-19) pandemic.
In terms of structure we have this.
The production sector remains 6.0% lower than the level in February 2020, before the main impacts of the coronavirus were seen…….The services sector remains 9.6% lower than the level in February 2020……The construction sector remains 10.8% lower than the level in February 2020.
Seasonal Adjustment
GDP numbers rely quite a bit on this and as you will see tucked away in it is some hope for September.
In normal times this works well: education outputis smoothed through the year, effectively ‘looking through’ the school holidays as they come and go.
We are back to education so let’s have some Alice Cooper who was on the ball this year.
School’s out for summer
School’s out forever
School’s been blown to pieces
How have our statisticians dealt with this?
Observing a steady increase in school attendance in June and July, and with early evidence that classroom numbers were much closer to normal in September, we will instead smooth the path of education output over the holidays. That means education output will be higher in August than July, but lower than our September estimate……As schools have returned, attendance levels have been much higher than before the school holidays. Everything else being equal, this points to a much stronger September estimate.
The whole issue of seasonal adjustment this year is quite a minefield.
A Trade Surplus
I have been pointing out that we now have a trade surplus for several months now and we have another one.
The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billion.
Unlike in the GDP arena this seems to be a services thing.
The widening of the total trade surplus in the three months to August 2020, excluding non-monetary gold and other precious metals, was driven by an £11.9 billion increase in services exports, compared with a lesser £8.9 billion increase in services imports.
Even on an annual basis we now have a surplus.
The total trade balance (goods and services), excluding non-monetary gold and other precious metals, increased by £33.9 billion to a £4.9 billion surplus in the 12 months to August 2020,
Whilst a surplus for the UK is welcome after decades of deficits the smile changes Cheshire Cat style as we note this.
Imports of goods decreased by £76.9 billion, while exports decreased by a lesser £39.4 billion.
Comment
This morning’s release is both welcome and sobering. The welcome bit is that we have growth but the sobering bit is that we have a long way to go still. It has been a very poor day for those claiming we are in the middle of a “V-Shaped” recovery. Let me illustrate with this from Bank of England chief economist Andy Haldane.
Four months on, we now expect GDP to be around 3-4% below its pre-Covid level by the end of the third
quarter. In other words, the economy has already recovered just under 90% of its earlier losses. Having
fallen precipitously by 20% in the second quarter, we expect UK GDP to have risen by a vertiginous 20% in
the third quarter – by some margin its largest-ever rise. Put differently, since May UK GDP has been rising,
on average, by around 1.5% per week.
The man I have described as a “loose cannon on the decks” has been free wheeling again. Of course we might grow by 5-6% in September but in August we grew in a month by what he thought would take not much more than a week. Still I am pleased he has been doing some reading albeit of a book I read as a child.
Now is not the time for the economics of Chicken Licken.
For those of you who have never read this Chicken Licken was worried about the sky falling down. Well it looks like it has on Andy’s forecasts and on Andy himself who is now a figure of fun even amongst those that previously cheered him.
Central bankers aren’t known as innovators or thought leaders, but Andrew Haldane, a senior official at the Bank of England, is an exception. ( Time 100)
Oh how Time magazine must wish they could redact that! But the more important point is something I have been making all along. This is a depression much more than a recession and it looks as though it is going to last much longer than some claimed. Yes we have seem bounce backs in some areas but others are plainly in a mess.
As it would have been John Lennon’s 80th birthday let me finish with this.
Nobody told me there’d be days like these
Nobody told me there’d be days like these
Nobody told me there’d be days like these
Strange days indeed — strange days indeed


investmentwatchblog--2020-10-09--The covid false flag continues! NYC is 24 covid cases away from lockdown!

Fueled by coronavirus hot spot zones in Brooklyn and Queens , the daily number of new COVID-19 cases in the @ @ @ @ @ and inching closer to the city ’ s threshold .
“ There is no herd @ @ @ @ @ neighborhoods where we are most concerned or any other neighborhood in New York City , @ @ @ @ @ David Chokshi said during Mayor Bill de Blasio ’ s City Hall press briefing Thursday @ @ @ @ @ important to ensure that people understand that unfortunately the coronavirus continues to be very infectious @ @ @ @ @ so we have to take the precautions that we are embarking upon , ” Chokshi @ @ @ @ @ latest city data , the Big Apple ’ s seven-day rolling average of new virus @ @ @ @ @ just 24 away from the city ’ s threshold of 550 cases , after which @ @ @ @ @ citywide .
That number has been incrementally rising in recent weeks , the data shows @ @ @ @ @ that figure was just below 300 .

Fueled by coronavirus hot spot zones in Brooklyn and Queens, the daily number of new COVID-19 cases in the Big Apple is steadily rising and inching closer to the city’s threshold.
“There is no herd immunity in any of the neighborhoods where we are most concerned or any other neighborhood in New York City,” city Health Commissioner Dr. David Chokshi said during Mayor Bill de Blasio’s City Hall press briefing Thursday.
“This is so important to ensure that people understand that unfortunately the coronavirus continues to be very infectious, continues to spread and so we have to take the precautions that we are embarking upon,” Chokshi said.
According to the latest city data, the Big Apple’s seven-day rolling average of new virus cases is at 526 — just 24 away from the city’s threshold of 550 cases, after which further restrictions could be considered citywide.
That number has been incrementally rising in recent weeks, the data shows. On Sept. 15, that figure was just below 300.


investmentwatchblog--2020-10-09--NO SCOTUS DURING ELECTION CYCLE, BUT: Pelosi to Announce Bill to Form 25th Amendment Congressional C

NO SCOTUS DURING ELECTION CYCLE, BUT: Pelosi to Announce Bill to Form 25th Amendment Congressional Commission to Study Removing Trump From Office

Speaker of the House Nancy Pelosi ( D-CA ) announced she will be holding a press conference Friday morning with @ @ @ @ @ ) to announce legislation to create a 25th Amendment Congressional commission .
The 25th Amendment @ @ @ @ @ be formed by Congress to study whether to remove the President , in this case @ @ @ @ @ .

Speaker of the House Nancy Pelosi (D-CA) announced she will be holding a press conference Friday morning with Rep. Jamie Raskin (D-MD) to announce legislation to create a 25th Amendment Congressional commission. The 25th Amendment authorizes such a committee to be formed by Congress to study whether to remove the President, in this case President Trump, from office.
Pelosi previewed the announcement during a press conference Thursday morning.
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.@SpeakerPelosi: "Tomorrow, by the way, tomorrow, come here tomorrow. We're going to be talking about the 25th Amendment." Full video here: t.co/5q4HIglmaZ pic.twitter.com/8Jeim87yJM — CSPAN (@cspan) October 8, 2020
www.thegatewaypundit.com/2020/10/pelosi-announce-bill-form-25th-amendment-congressional-commission-study-removing-trump-office/


investmentwatchblog--2020-10-09--SYSTEMIC RACISM AT WELLS FARGO AND MICROSOFT:

Here ’ s a letter the US Labor Department sent to Wells Fargo recently .
( I had to screenshot @ @ @ @ @ is why it ’ s broken up here ) : The Labor Department sent a @ @ @ @ @

Here’s a letter the US Labor Department sent to Wells Fargo recently. (I had to screenshot it in parts, which is why it’s broken up here):
The Labor Department sent a similar letter to Microsoft:


investmentwatchblog--2020-10-09--NO WONDER Police Hate Joe – He Just Put ALL of the Rioting Blame on Everyone BUT BLM!

Cristina Laila from The Gateway Pundit reports , Joe Biden traveled to Gettysburg , Pennsylvania on Tuesday to call for @ @ @ @ @ the opposite .
Biden gave a very dark and divisive speech .

Cristina Laila from The Gateway Pundit reports, Joe Biden traveled to Gettysburg, Pennsylvania on Tuesday to call for unity. He did just the opposite. Biden gave a very dark and divisive speech.
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Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020…


investmentwatchblog--2020-10-09--13 Antifa Members ARRESTED For Trying to KIDNAP Governor Gretchen Whitmer to START A CIVIL WAR

The real.story comes out .
This is a video of Brandon Caserta , one of the ringleaders of the group @ @ @ @ @ plot where the group planned to kidnap Governor Gretchen Whitmer .
Caserta has an anarchist @ @ @ @ @ YouTube videos trashes police .
He ’ s not a Republican , he ’ s @ @ @ @

The real.story comes out.
Suspect Charged in Gretchen Whitmer Kidnap Plot Had Anarchist Flag.
This is a video of Brandon Caserta, one of the ringleaders of the group of men arrested for a plot where the group planned to kidnap Governor Gretchen Whitmer. Caserta has an anarchist flag behind him and in YouTube videos trashes police. He’s not a Republican, he’s an anarchist. pic.twitter.com/J1vE2qGYL7
— Robby Starbuck (@robbystarbuck) October 8, 2020


investmentwatchblog--2020-10-09--“DEBT FACTS VS. STIMULUS FANTASY: THE RISING CASE FOR PRECIOUS METALS”

In this MAM Chat , Egon von Greyerz and Matthew Piepenburg discuss the cold math of global debt and declining @ @ @ @ @ , they address and explain the growing disconnect between a faltering global economy and central @ @ @ @ @ and Egon then exchange thoughts on how it all ends .
Specifically , they consider @ @ @ @ @ to do when market realism and natural market forces replace market stimulus and central bank @ @ @ @ @ all rivers point toward gold .

In this MAM Chat, Egon von Greyerz and Matthew Piepenburg discuss the cold math of global debt and declining GDP. Given such facts, they address and explain the growing disconnect between a faltering global economy and central bank supported markets. Matthew and Egon then exchange thoughts on how it all ends. Specifically, they consider what policy makers are likely to do when market realism and natural market forces replace market stimulus and central bank fantasy. As always, all rivers point toward gold.
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investmentwatchblog--2020-10-09--Probably not a good sign of a Q4 recovery.

Probably not a good sign of a Q4 recovery. pic.twitter.com/UuihzQv9Rx — Lance Roberts (@LanceRoberts) October 9, 2020
I love how the media bends over backwards to word things in a #bullish and #optimistic tone.
"Nomura estimates core inflation MODERATED last month."
No, it's a #decline as #deflation is now back. pic.twitter.com/DTS0H7Z1KW — Lance Roberts (@LanceRoberts) October 9, 2020
COVID-19 hospitalizations in the US starting to move back up, highest level since early September. Chart via @ycharts pic.twitter.com/YjgpggPmmQ — Charlie Bilello (@charliebilello) October 9, 2020
7d moving average of #COVID19 hospitalizations has been rising for 2 weeks; key is whether we surpass peak levels in March & during summer & of course whether mortality rate increases along with it #EvercoreISI pic.twitter.com/nXoGUOYNNX — Liz Ann Sonders (@LizAnnSonders) October 9, 2020
Total number of people claiming unemployment insurance benefits at 25.5 million—lowest since April but still astronomically high pic.twitter.com/pgWzcrm3QN — Liz Ann Sonders (@LizAnnSonders) October 9, 2020
Moar chart crimes pic.twitter.com/fKSsQjnGgb — Alessio Urban (@AlessioUrban) October 9, 2020
At the same time, recent layoffs: * Dow
* Shell
* Disney
* Allstate
* Goldman
* Wells Fargo
* WarnerMedia
* KPMG t.co/5nP9GJV0I4 — Carl Quintanilla (@carlquintanilla) October 9, 2020
London Mayor Says Another Lockdown "Inevitbale" As Global COVID-19 Cases Near Record Daily Highs: Live Updates t.co/rdpgi9zM1j — zerohedge (@zerohedge) October 9, 2020
Spreads vs US widen on concerns about global growth slowing down. Despite monster liquidity injections. Central banks can disguise risk for a while but ultimately it happens… fast. Maybe not yet, but it will. pic.twitter.com/EhwvOVSfFH — Daniel Lacalle (@dlacalle_IA) October 9, 2020


investmentwatchblog--2020-10-09--If you’re someone who doesn’t have a good handle on their finances but can’t keep a “budget”, you mi

If you’re someone who doesn’t have a good handle on their finances but can’t keep a “budget”, you might appreciate my insanely simple way of managing finances.

This method of handling your personal finance may sound incredibly simple to some , but for me it was life-changing .
I wish I had thought of it years ago .
For reference I ’ m single , no kids…so this isn ’ t for family budgeting .
Here it is : -You just need a savings and a checking account .
-Make sure you have $ 4,000 in your checking account .
That should be enough to cover your monthly expenses with some solid padding .
If it ’ s not enough , adjust that number , but for @ @ @ @ @ @ @ it at $ 4,000 .
- $ 4,000 is the key number .
This all revolves around $ 4,000 ( or whatever that number is for you ) .
-The goal is to keep your checking account at $ 4,000 no matter what .
-so every time you get paid ( For me , every other Thursday ) , you should have more than $ 4,000 in your checking .
wake up on pay day and Immediately do the following : Pay off your credit cards .
IN FULL .
If you ’ @ @ @ @ @ @ @ it to Pay off any debt you owe .
If you still have More than $ 4k , send the remaining amount to your savings account .
Now you should be at $ 4k in your checking .
-if , after getting your paycheck , you don ’ t have enough to pay off your credit card and stay at or above $ 4k , you need to Spend less money every month…I know that ’ s easier said than done .
-Of course , if you ’ re having a tough month @ @ @ @ @ @ @ fine you ’ ll slip into the $ 3k or $ 2k , but the nice thing about this menthod is that you have a real understanding of how much money you actually have…Instead of just piling on credit card debt .
Prior to this method I always felt like I didn ’ t have a real sense of how much money I had .
I always just kept everything in my checking account , but I didn ’ t really know how much I ’ d have after paying off my credit @ @ @ @ @ @ @ anything into savings .
Anyway , that ’ s my two cents .
Hope it helps .

by Idonteateggs
This method of handling your personal finance may sound incredibly simple to some, but for me it was life-changing. I wish I had thought of it years ago. For reference I’m single, no kids…so this isn’t for family budgeting. Here it is:
-You just need a savings and a checking account.
-Make sure you have $4,000 in your checking account. That should be enough to cover your monthly expenses with some solid padding. If it’s not enough, adjust that number, but for sake of explanation I’ll keep it at $4,000.
-$4,000 is the key number. This all revolves around $4,000 (or whatever that number is for you).
-The goal is to keep your checking account at $4,000 no matter what.
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-so every time you get paid (For me, every other Thursday), you should have more than $4,000 in your checking. wake up on pay day and Immediately do the following: Pay off your credit cards. IN FULL. If you’re still above $4,000, use it to Pay off any debt you owe. If you still have More than $4k, send the remaining amount to your savings account. Now you should be at $4k in your checking.
-if, after getting your paycheck, you don’t have enough to pay off your credit card and stay at or above $4k, you need to Spend less money every month…I know that’s easier said than done.
-Of course, if you’re having a tough month or you recently lost your job, fine you’ll slip into the $3k or $2k, but the nice thing about this menthod is that you have a real understanding of how much money you actually have…Instead of just piling on credit card debt.
Prior to this method I always felt like I didn’t have a real sense of how much money I had. I always just kept everything in my checking account, but I didn’t really know how much I’d have after paying off my credit card, and therefore I never put anything into savings.
Anyway, that’s my two cents. Hope it helps.