2021 Will Be A "Reality Check On Extend-And-Pretend" -
• Zero Hedge...Saxo Bank Unveils Its 'Outrageous Predictions' For The Year Ahead
Contents Pages by Subject
Economy - Economics USA
Feds Admit $2.3 Trillion In Improper Payments
• https://www.zerohedge.com, Tyler DurdenSince 2004, twenty large federal agencies have admitted to disbursing an astonishing $2.25 trillion in improper payments. Last year, these improper payments totaled $175 billion – that's about $15 billion per month, $500 million per day, and $1 m
Hyperinflation Or Stagflation Can Occur With Rapid Speed
• https://www.zerohedge.com, Tyler DurdenA Big Wheelbarrow Of Worthless Money
Conflict Over COVID 'Science' Sparks Santelli & Sorkin Screamfest
• https://www.zerohedge.com, Tyler DurdenSparks flew on CNBC Friday morning as "Squawk Box" host and NYT Dealbook editor Andrew Ross Sorkin and fixed-income correspondent Rick Santelli - who provoked a media firestorm earlier this year for (only half-seriously) suggesting that people should
The Stench of Bipartisan Cooperation on the Potomac
• https://www.lewrockwell.com, By David StockmanWell, here is a picture worth a thousand words.
Despite Initial Claims Drop, Over 20 Million Americans Remain On Unemployment Benefits
• Zero HedgeDespite reports that the the Government Accountability Office has found that the Labor Department has "consistently" provided inaccurate information on the state of the labor market, we continue to watch weekly jobless claims for signs of life (or ne
US New Vehicle Sales Tumble To Three-Month Low In November
• Zero Hedge - Tyler DurdenIn this context, the auto sector will probably contribute negatively to November retail sales that will be released on December 16th...
Bipartisan Senate Group Unveils $908 Billion COVID Relief Plan
• https://www.zerohedge.com, by Tyler DurdenWhile neither Republican nor Democratic leadership has signed on to the plan, a $908 billion bipartisan proposal from moderates has been unveiled this morning.
Will the Technocratic Coup Succeed?
• https://www.lewrockwell.com, By Alastair Crooke"We're not going back to the same economy", Fed Chair Powell said recently: "We're recovering, but to a different economy, and it will be one that is more leveraged to technology – and I worry that it's going to make it even more diffic
Top 20% Gets 6x More Benefits from Student Debt Cancellation than Bottom 20%, New Study Finds
• https://fee.org by Brad PolumboStudent debt forgiveness would overwhelmingly benefit the most well off in America, new economic research shows.
Why American Households Will Soon Be Filled with Three and Four Generations Under the Same Roof
• https://thecommonsenseshow.com, Dave HodgesWhy American Households Will Soon Be Filled with Three and Four Generations Under the Same Roof
The 2021 Liquidity Supernova: Step Aside Fed - US Treasury Will Unleash $1.3 Trillion In Liquidity
• https://www.zerohedge.com, by Tyler DurdenOne of the most poignant (and painful to some) lessons of the past decade - especially to contrarian, bearish investors such as Odey and Horseman - is that the Fed can keep print money far longer than any short can remain solvent.
"Dark Winter" - Millions Of Americans Are Expected To Lose Their Homes
• https://www.zerohedge.com, by Tyler DurdenA dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few months.
Grocery Store Closures, Unemployment, and Evictions Are Signs of an Impending Economic Crash
• Jeremiah Babe and the Center SquareA dozen grocery stores around the state have been forced to close for two weeks because of a public health order issued by Gov. Michelle Lujan Grisham at a time when the state's residents are suffering from record high unemployment and food insecur
Illinois To Borrow Another $2 BIllion From The Fed, Only State To Do So
• https://www.zerohedge.com, By Ted DabrowskiIllinois has announced $2 billion more in additional borrowing from the Federal Reserve Bank's Municipal Liquidity Facility (MLF). Gov. J.B. Pritzker has informed the Fed of the state's intention to borrow the funds before the facility expires at
There Were Two Americas Today As Dow Struck 30,000
• https://www.zerohedge.com, Tyler DurdenThe K-shaped economic recovery, one where the rich grow richer and the working-poor are crushed with job loss and insurmountable debts, was on full display Tuesday afternoon as the Dow Jones Industrial Average crossed 30,000 for the first time.
Big Energy Pocketed Billions in Taxpayer-Funded COVID Bailouts
• By Brett WilkinsA total of $110 billion in direct and indirect benefits went to 66 companies, including between $10.4 and $15.2 billion in direct disbursements to coal, oil and gas companies that are largely responsible for the worsening climate emergency.
Americans Raid Savings To Prop Up Spending As Incomes Slide In October
• https://www.zerohedge.com by Tyler DurdenWith various fiscal stimulus programs having ended in the summer, and even more set to expire on Dec 31 when nearly 15 million Americans will end up without emergency unemployment claims unless the government steps in, it shouldn't be a surprise that
Government Worker Wages Drop Most On Record
• https://www.zerohedge.com by Tyler DurdenFor many liberals, the "safety" and security of a government cocoon is the pinnacle of personal development and self-expression, and by extension, working for the government is the apex of one's professional career.
Yellen To Be Treasury Seretary! Stock Market Hits New All Time High as Bitcoin follows close behind
• Tim Picciott - The Liberty AdvisorEconomic and Market Conditions; Cryptocurrency Market
Host:
Ernest Hancock
11-25-20 -- Tim Picciott - Bob Anderson (MP3)
Program Date:Tim Picciott (The Liberty Advisor) gives the Economic Report - Bob Anderson (a local activist and already living in a state of preparedness) do the show from Tonopah, AZ to go over the current news, upcoming activist, how to prep for what's coming
Home Prices In Every Major City Jump More Than Double The Fed's Inflation Target
• https://www.zerohedge.com by Tyler DurdenWhile various Fed speakers are vowing this week that there will be no rate hikes until at least 2023 or 2024, the Fed may be surprised to learn that if it were to broaden its definition of inflation, it would find it is quite ample already.
Peter Schiff: The Fed's COVID Cure Is Making The Economy Sicker
• https://www.zerohedge.com, Tyler DurdenA lot of people are turning more bullish on the economy with the possibility of an effective COVID-19 vaccine.
People going hungry = Record high stock prices
• https://www.sovereignman.com by Simon BlackNew York City is up 33% this year. St. Louis is up 66%. In Oregon it's up 100%.
Solid Demand For Today's Record Big 2Y Treasury Auction
• https://www.zerohedge.com, by Tyler DurdenAfter last month's dismal 2Y auction, moments ago the Treasury sold $56 billion in 2-Year paper in yet another record big auction, only this time demand was far stronger compared to recent tailing auctions.
Solid Demand For Today's Record Big 2Y Treasury Auction
• https://www.zerohedge.com, by Tyler DurdenAfter last month's dismal 2Y auction, moments ago the Treasury sold $56 billion in 2-Year paper in yet another record big auction, only this time demand was far stronger compared to recent tailing auctions.
The Great Relocation:
• http://theeconomiccollapseblog.com by Michael SnydAmericans Are Relocating By The Millions Because They Can Feel What Is Coming
Stocks Slump As Biden Admin Signals No Compromise On Stimulus
• Zero Hedge - Tyler DurdenUS equity markets are suddenly dropping after a reported statement from the Biden administration suggests both a lack of involvement in strategy by the Biden admin and no sign of any compromise from the left on any short-term stimulus hopes.
Struggling Retailers Owe $52 Billion In Overdue Rents
• https://www.zerohedge.com, by Tyler DurdenThe virus pandemic - with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption - since March has fueled uncertainty among US retailers as many find themselves in a $52 billion
Waffle House's Stand Against Lockdowns Is Exactly What America Needs--Almost
• https://fee.org, Jon MiltimoreWaffle House CEO Walt Ehmer's stance against lockdowns is courageous, but ultimately bolder action may be required to save businesses from the pernicious effects of lockdowns.
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