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Can anyone explain how we are going to motivate unemployed workers to go back to work when most of them can actually make more money camped on their sofas watching Netflix?
--To Loosen Restrictions On Telemedicine, Small Business
US: A study released by the University of Chicago reports that 33-million jobs have been lost since the lockdown, and more than 40% of them are gone forever. 14-million Americans will be unemployed.
Who? None other than Fed Chair Powell - saying on '60 minutes' for a mainstream audience that "Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily in the second half of this year."
The biggest bubble ever created, was created by the counterfeiting of The Federal Reserve. As with all financial bubbles, it was destined to burst and inflict the biggest economic bust in history.
Staying inside forever and going back to normal today aren't the only choices.
In early 2017, we first reported a bearish trade emerged which quickly gained popularity in the investment community, and was dubbed "The Next Big Short." At the time, only a few bearish funds were positioned for a "retail apocalypse" that could spur
Robert Kiyosaki predicts that Bitcoin's price will rise nearly 100% per year over the next three years.
The world's number one problem today is that the world's population is too large for its resource base. Some people have called this situation overshoot.
Watch video of Michael Burry speaking April 5, 2011 on "Missteps to Mayhem: Inside the Doomsday Machine with the Outsider who Predicted and Profited from America's Financial Armageddon," as part of the 2010-2011 Chancellor's Lecture Series at Vanderb
Most atrocities in human history have all been committed by individuals and agents of government who were "just following orders" or "just obeying the law."
Last week, the Treasury shocked the world when it announced that in the current quarter (the 3rd of the fiscal year), the US will need to sell a mindblowing, record $3 trillion (pardon, $2.999 trillion) in Treasurys to finance the US money helicopter
On Thursday, May 7, an unprecedented event took place: after a violent repricing in Eurodollar contracts as near as November 2020, for the first time ever the market was pricing in that negative interest rates are not only coming to the US, but would
The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence:
"We have met the moment and we have prevailed," said President Donald Trump Monday, as he supported the opening of the U.S. economy before the shutdown plunges us into a deep and lasting depression.
The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.
After March's collapse in headline retail sales, April was expected to be a bloodbath but it was much worse than expected with a 16.4% MoM collapse (the most ever), considerably worse than the 12% drop expected.
Gold and Silver are surging this morning but it is the latter that is dramatically outperforming...Gold futures are back above $1750...
Host:
Ernest Hancock
Yusef El (High Frequency Radio) on Plandemic and Legal Status for INDEPENDENCE - Ernest Hancock LIVE from The LOV3 Bus in Phoenix, AZ - Tim Picciott (The Liberty Advisor) - Josh Sigurson WAM - SocialMedia changes
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year!
Speaking in a video conference organized by the Peterson Institute, turbo money printer Jerome Powell today reassured the market that negative rates are not something the Fed - which expanded its balance sheet by $2.6 trillion in the past two months
The Covid debate about the lockdown is often posed as a choice between the economy (wealth, money) and lives.
Update: here are the highlights from Powell's speech per Bloomberg
Former Barack Obama adviser Rahm Emanuel, during a recent interview, reminded us of his 2008 financial crisis quotation, "Never allow a crisis to go to waste."
Brace yourself for what I have to reveal to you. The U.S. has been wearing a mask for a long time. What you will learn in this report is something politicians and the news media withheld from the public for decades.
Economy
While it will hardly come as a surprise to anyone that the US fiscal situation is now an absolute catastrophe - following previously projections that the US is expected to issue over $5 trillion in debt this year alone and the Fed is expected to mone
House Dems Introduce $3 Trillion COVID-19 Relief Bill; McConnell Slams As "Another Big Laundry List"
