Tribulation
BanksterCrime By Ryan Gorman, principal at PR firm Gorman Strategies Presidential debates cover the issues that polling shows are most important – immigration, healthcare, the economy, climate change. So why was crypto not mentioned even once Thursday night? Neither the American public nor the two presidential candidates care very much about crypto, the debate showed.…
This Is Not Sustainable, Were Watching What the World Is Now Calling the Great Reset
(Reality–New World Order Pukes ) Our President Knows the End Is Near With the Current Financial Apparatus… The U.S. government spent more than $3.13 trillion than it collected in taxes in fiscal year 2020, borrowing the difference from investors in the U.S. and abroad, the Treasury Department said Friday. At the same time, interest rates…
America’s Coming Double Dip
www.zerohedge.com Soaring financial markets are blithely indifferent to lingering vulnerabilities in the US economy. But the impact of consumers’ fear of COVID-19 on pandemic-sensitive services are unlikely to subside, undermining the case for the uninterrupted recovery that investors seem to expect. The double dip is not a dance. It is the time-honored tendency of the US economy to…
S&P Jumps Above Record High After $9 Trillion Global Liquidity Tsunami
$9 trillion in additional global liquidity (from $79 to almost $88 trillion since the March lows)… Are we Drowning in liquidity? Pushed the S&P above its prior record closing high (3386.15 from 2/19/20) but could not hold it… Because it sure isn’t being driven by fun-durr-mentals… Source: Bloomberg The recent Momo/Value rotation is over… Source:…
Who Is The Next Wirecard?
Now that the multi-year saga of German fintech megafraud Wirecard is finally over, the pain is only just starting for disgraced German regulator BaFin (with the EU launching an investigation into its borderline criminal “regulation” which punished short sellers while never once looking at the real fraud). Also let’s not forget about the company’s “auditor” EY (aka…
Soaring Food & Energy Costs Spark Rebound In Producer Prices
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%… Source: Bloomberg Some serious dispersion in the various sector’s price swings… This rebound was driven by a record surge in food prices… Source: Bloomberg Two-thirds of the May increase in the index…
Wall Street Caught Short Again As “Money Printer Go BRRRRRR To 11”
With US stocks soaring to start the week on the combination of Powell’s 60 Minutes affirmation that the Fed’s money printer go BRRRRR to 11 (as Nomura’s Charlie McElligott poetically puts it) coupled with favorable news of a coronavirus vaccine trial by Moderna (which saw favorable results in a group of 8 “young and healthy” volunteers), the bulk of…
A Shift In The Global Financial Order Is Upon Us
The collapse in bond yields, exacerbated by the crash in oil prices, marks an end to the era of trust in central banks… OPEC+: A 24-Hour View Coronavirus. That will be the first and last time this column mentions that word. Despite the weekend’s many developments in the epidemic, there is a new issue to drive…
The World Has Gone Nuts High-Income Taxpayers Now Confronted At Home By IRS Agents
They perverted justice among themselves (v. 7): “You turn judgment to wormwood, that is, you make your administrations of justice bitter and nauseous, and highly displeasing both to God and man.’’ That fruit has become a weed, a weed in the garden; as nothing is more venerable, nothing more valuable, than justice duly administered, so…
The Next Ten Years In Oil Markets
An eventful 2019 wraps up a decade of turmoil in oil markets, in which Brent Crude prices fluctuated from as high as US$125 a barrel in 2012 to as low as US$30 per barrel in January 2016. Geopolitical turmoil, economic growth, soaring U.S. shale production, and OPEC’s various policies to try to set the trends in oil prices marked…