Minneapolis Rioter: "We're Gonna Start Coming To The Suburbs"

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Authored by Paul Joseph Watson via Summit News, A man interviewed on camera during last night’s chaos in Minneapolis warned that rioters are planning on “coming to the suburbs” if they don’t get what they want. The twin cities were once again rocked by a night of absolute bedlam as more stores were looted and… Read More

Small Businesses Are In Big Trouble

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Retail Trading Explosion Let’s discuss the spike in retail trading activity. It is one of the hottest topics on Wall Street/financial Twitter and because I have a variant opinion. As you can see from the chart below, the combined E-Trade and TD Ameritrade DARTs, which is daily average revenue traders, has gone vertical.  A great… Read More

Meet Barbara Ferrer, The Social Justice Warrior With No Medical Background Leading LA's COVID Response

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At this point, most market participants outside California know LA County Public Health Director Dr. Barbara Ferrer as the public servant whose “miscommunication” Tuesday afternoon about a three-month extension to her county’s stay at home order was blamed for reviving anxieties about the economic reopening in the US that helped hammer stocks lower last week. The… Read More

Record Robinhood Positions (Retail Is Buying The Dip)

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Robinhood Traders Are Everywhere Some say the popularity of the Reddit page Wallstreetbets was the signal retail investing was overheated. It’s always tough to say when a market is overheated because rallies can always keep going longer than you expected. That’s why I look at the fundamentals, the economy, and valuations to formulate my opinion. … Read More

HR 6666: Illinois Democrat Introduces $100 Billion Contact Tracing Bill

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Illinois Democratic Rep. Bobby Rush has introduced the H.R. 6666 TRACE Act, which includes a $100 billion grant program which would authorize the Secretary of Health and Human Services to create an army of contact tracers operating through healthcare, schools and nonprofit entities, who would perform COVID-19 diagnostic testing “through mobile health units and, as… Read More

96 Biggest Movers From Friday

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Gainers Fuel Tech, Inc (NASDAQ: FTEK) shares climbed 93.6% to close at $0.91 on Friday after the company reported FUEL CHEM® demonstration orders from two new industrial power customers. Protagonist Therapeutics, Inc. (NASDAQ: PTGX) rose 83.7% to close at $14.20. Protagonist reported initial Phase 2 results with hepcidin mimetic PTG-300 as a treatment for the… Read More

We Now Know Far More About COVID-19 – The Lockdown Should End

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Authored by Gavin Phillips via Off-Guardian.org, “This is the largest interference with personal liberty in our history” – Lord Sumption Virtually overnight our world has turned into a wasteland of closed towns, deserted streets and a few people scuttling along with masks and stricken faces. It’s a place bereft of imagination, the light sucked out;… Read More

THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered

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ExxonMobil US Upstream Earnings CAPEX 2004 Q1 2020

Total11 2 9 ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered.  The once-great profitable oil giant is now borrowing money just to pay dividends.  How long can this charade go on? Good question.  Now, some may believe that ExxonMobil was forced to… Read More

A New Day Has Dawned for Gold and Silver

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purchasing power of us dollar 1913 2020

Most resource sector writers (including me) have for a long time been “wrong” about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the “longer time bullish case” as these metals dropped… Read More

Commercial Real Estate Already Gets Hit in Europe: Prices for Retail Properties Plunge, Office Prices Sink

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“Wide bid-ask spread points to lower values” going forward. It just started. By Wolf Richter for WOLF STREET. Over the past few years, the various sectors of commercial real estate have split into different trajectories, with some property types, such as industrial and office, rising to new highs, and with retail properties dropping further and further. Then came… Read More

The Future is More Variable than the Present

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Photo Credit: Michael Dales || Futuristic, and with a twist Well, I am back. This post will test whether images will post or not. My guess right now is not, so maybe I have more work to do. Once I know that images will post, I will repost the deleted articles. On to tonight’s piece:… Read More