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

Hertz Bankruptcy & Fleet Liquidation Threaten to Make Mess of Used-Vehicle Prices with Burst of “Pent-Up Supply”

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US Hertz 7 year note due jan 2028 2020 05 22

Here come the “bankruptcy-remote special-purpose subsidiaries” and $14.5 billion in rental-vehicle-backed securities. The stock market – other than Carl Icahn – smelled a rat for years. By Wolf Richter for WOLF STREET. The Chapter 11 bankruptcy filing of Hertz Corporation and its US and Canadian subsidiaries Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen – but not… Read More

Weekly Commentary: Just the Facts, May 22, 2020

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For the Week: The S&P500 rallied 3.2% (down 8.5% y-t-d), and the Dow rose 3.3% (down 14.3%). The Utilities gained 2.8% (down 12.2%). The Banks jumped 5.9% (down 40%), and the Broker/Dealers rose 5.0% (down 16.6%). The Transports surged 9.1% (down 22.3%). The S&P 400 Midcaps jumped 7.4% (down 17.8%), and the small cap Russell… Read More

Fund Managers Are Positioned All Wrong

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Fund Managers Love Tech & Healthcare Bank of America fund manager survey tells us what we already knew. Fund managers love healthcare and tech stocks. As you can see from the chart below, the z score for healthcare is about 2.5 standard deviations above normal. That makes sense because biotech stocks are working on cures… Read More

"Disinfecting Tunnels" Are Headed To Supermarkets In Post-COVID World

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A French company had the ingenious idea of ​​designing a disinfecting tunnel that could soon appear at the entrance of supermarkets and or other commercial areas.  “Customers enter it with their cart and then the product is sprayed on it,” Pierre Nicoletti, the manager of Alineair, the French-based company handling the design and production of the tunnels,… 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

QE Infinity: Money Supply Grew at Record Rate in April

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May 18, 2020  by Michael Maharrey  0   0 The money supply growth rate surged to an all-time high in April as the Federal Reserve created cash at an unprecedented rate through quantitative easing and other money-creating monetary policies. According to Ryan McMaken at the Mises Institute, the only time the Fed has come close to this level of… Read More

7 Estate Planning Potholes

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Estate planning. It’s such a noble phrase. It conjures up images of passing on to your loved ones a lifetime of hard work and success—leaving a legacy. But the road to distributing your estate is filled with potholes that may hijack your good intentions.   Pothole # 1. Probate Court. If you have a will,… Read More

Why The COVID-19 Model That Inspired UK's Lockdown May Be "The Most Devastating Software Mistake Of All Time"

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While Democrats in the US and progressives in the UK continue to push back against efforts to gradually reopen their respective economies, more evidence is emerging that calls into question the models (what the public often refers to as the “science”) which inspired governments across the world to impose crippling lockdowns on their populations. Case… Read More

EU steel output outpacing demand despite cuts, auto restarts

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European Union steelmakers need to be cautious about restarting capacity as COVID-19 lockdowns ease, as they risk producing into a demand vacuum which will intensify downwards pressure on prices, analyst and mill sources said. Although mills continue to restrict production, this is still outpacing demand across Europe, they said. As much as 18.9 million mt… Read More

Zoom Is Now Worth More Than The World's 7 Biggest Airlines

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Amid the COVID-19 pandemic, many people have transitioned to working – and socializing – from home. If these trends become the new normal, certain companies may be in for a big payoff. Popular video conferencing company, Zoom Communications, is a prime example of an organization benefiting from this transition. However, other industries haven’t been so… Read More

Award Winning Haitian Artist Natalie Jean and Multi-Talented Canadian Artist Rory Gardiner Release Country Single

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“Natalie Jean consistently delivers amazing music that stays with me long after my first listening.” – ToneFlame Magazine. Rory Gardiner is a professional entertainer, who has been captivating audiences of all sizes, in multiple countries, on multiple platforms for over 15 years. Kensington, MD, May 17, 2020 –(PR.com)– Natalie Jean and Rory Gardiner are excited… 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