Is War Next?
Wed, 05/27/2020 - 00:05
Authored by James Rickards via The Daily Reckoning,
Remember the pro-democracy protests in Hong Kong against Chinese authoritarianism?
Well, guess what? They’re about to start again.
And U.S.-Chinese relations could get even worse than they are right now.
Are you prepared for a bumpy ride?
Let’s unpack this
Visualizing How US Consumers Are Spending Differently During COVID-19
Tue, 05/26/2020 - 23:45
In 2019, nearly 70% of U.S. GDP was driven by personal consumption. However, as Visual Capitalist's Iman Ghosh notes, in the first and second quarters of 2020, the COVID-19 pandemic has initiated a transformation of consumer spending trends as we know them.
Consumer Spending in Charts
By leveraging new data from analytics platform 1010Data, today’s infographic...
Trump's "Keyboard Warriors" Get The Story While The Legacy Media Ignores #Obamagate
Tue, 05/26/2020 - 23:25
Submitted by Thomas Farnan
CrowdStrike – the forensic investigation firm hired by the Democratic National Committee (DNC) to inspect its computer servers in 2016 – admitted to Congressional investigators as early as 2017 that it had no direct evidence of Russian hacking, recently declassified documents show.
CrowdStrike’s president Shawn Henry...
Grenell Declassifies Flynn-Kislyak Calls On Last Day As Acting DNI
Tue, 05/26/2020 - 23:05
In his last act as Acting Director of National Intelligence, Richard Grenell declassified the transcripts of intercepted phone calls between former National Security Adviser Michael Flynn and former Russian Ambassador to the US, Sergey Kislyak.
The now-declassified transcripts are in the hands of his successor, former Rep. John Ratcliffe (R-TX), who was sworn in on...
China Is Its Own Worst Enemy
Tue, 05/26/2020 - 22:45
Authored by Brahma Chellaney via Project Syndicate,
The global backlash against China over its culpability for the international spread of the deadly coronavirus from Wuhan has gained momentum in recent weeks. And China itself has added fuel to the fire, as exemplified by its recent legal crackdown on Hong Kong. From implicitly seeking a political quid pro quo for supplying other countries with protective...
Chinese Yuan Suddenly Tumbling
Tue, 05/26/2020 - 22:32
Just after 9:45pm ET the offshore yuan - the one which is not subject to the PBOC's trading band limits - tumbled, plunging 250 pips in minutes.
The move was unexpected, following a stronger than expected setting of the USDCNY by the PBOC, whose midpoint was set at 7.1092, far stronger than the 7.1220 expected and the 12 year low of 7.1293 hit on Tuesday. The drop comes just hours after Bloomberg...
"I'm Looking For The Truth!" - Experts Slam States For 'Misrepresenting' COVID-19 Data As Outbreak Recedes
Tue, 05/26/2020 - 22:25
For better or worse, every state in the US is pushing ahead with plans to reopen their economies. On Tuesday afternoon, California Gov. Gavin Newsom announced that retailers across the state would be allowed to reopen immediately, along with barbershops and salons in some counties. Later this week, Texas and a handful of other...
Psychiatrists Wrote 86% More Prescriptions For Psychotropic Drugs During Lockdown Months
Tue, 05/26/2020 - 22:05
Authored by Paul Joseph Watson via Summit News,
Psychiatrists wrote 86% more prescriptions for psychotropic drugs, including antidepressants, during the lockdown months of March and April compared to January and February, it has been revealed.
“Prescriptions for anti-anxiety medications and sleep aids have risen during the pandemic, prompting...
Coronavirus Uses Same Strategy As HIV To Evade, Cripple Immune System: Chinese Study Finds
Tue, 05/26/2020 - 21:46
Back on February 1, when the coronavirus pandemic was only just starting to attract broader attention and the China-influenced mainstream media was still politically inclined to minimize the severity of the disease before pulling a sharp U-turn and now going full bore with a narrative of just how dangerous it is for the Trump administration to...
Author Of 'Bailout Nation' Gets Bailout
Tue, 05/26/2020 - 21:25
Authored by Mike Shedlock via MishTalk,
Barry Ritholtz, Author of Bailout Nation, just got a bailout.
Please note the $1.3 billion Ritholtz Wealth Firm Takes Out a PPP Loan.
Count Ritholtz Wealth Management among the $1bn-plus RIAs which have taken out government-backed coronavirus relief loans.
Reformed Broker Under Pressure
The RIA’s chief executive, Josh Brown had this to say in...
Total Chaos: Chicago Sees Deadliest Memorial Day Weekend In Years Despite Stay-At-Home Orders
Tue, 05/26/2020 - 21:05
Shockingly, or perhaps not so-, Chicago just witnessed its deadliest Memorial Day weekend since 2015 despite a coronavirus stay-at-home order. As one crime analyst observed, “They (gangs) are not particularly deterred by the risks of being out there,” as cited in ABC. “Of all the things they are likely to be worried about COVID is way down the...
Neil Howe: Expect Creative Destruction In This Fourth Turning
Tue, 05/26/2020 - 20:45
Authored by Adam Taggart via PeakProsperity.com,m
Neil Howe, demographer and co-authour of the book The Fourth Turning, returns to the podcast this week. In our prior interviews with him, we’ve explored his study of generational cycles (“turnings”) in America which reveal predictable social trends that recur throughout history and invariably result in transformational...