Is This Time Different? One Striking Chart Leads To Two Completely Opposite Conclusions On Wall Street

In the past three months, the Fed has unleashed a truly historic amount of liquidity in its attempt to prop up the economy market and avoid a prolonged second great depression, printing trillions in digital money equivalents, with the resulting expansion in the money supply the largest since the Great Depression. Discussing the chart above,Continue reading “Is This Time Different? One Striking Chart Leads To Two Completely Opposite Conclusions On Wall Street”

Futures Fall As Europe Slides, Chinese Media Talks Back Rally

One day after a torrid ramp in Chinese stocks sent US futures surging and the Nasdaq hit a fresh all time high, on Tuesday Emini index futures slipped following the benchmark S&P 500 and Nasdaq’s five-day rally, as European stocks slumped after officials warned the economy will take longer to recover and Germany reported weaker-than-expectedContinue reading “Futures Fall As Europe Slides, Chinese Media Talks Back Rally”

Daily Briefing – July 6, 2020

Max Wiethe joins managing editor Ed Harrison to discuss sentiment, the 2020 election, and forward earnings and what sort of impact that will have on markets in the coming months. Max and Ed first break down Peter Atwater’s interview from last week on Real Vision, examining his thoughts on current market sentiment and US politics,Continue reading “Daily Briefing – July 6, 2020”

Powell and Mnuchin Agree to Work with a Proposed “Department of Reconciliation” to Deal with Effects of Slavery and Segregation

by Pam Martens and Russ Martens, Wall St On Parade: Fed Chairman Jerome Powell and Treasury Secretary Steve Mnuchin apparently fear unleashing more angry protesters across the country screaming “no justice, no peace” into an air increasingly filled with COVID-19 droplets, more than they fear Trump Tweeting reprisals against them in the wee hours ofContinue reading “Powell and Mnuchin Agree to Work with a Proposed “Department of Reconciliation” to Deal with Effects of Slavery and Segregation”

Gold Bull Market Well Established in Many Currencies

from Silver Doctors: If they continue to try to suppress the price of gold on the paper markets, all that will happen is that the… by Clive Maund of Streetwise Reports We will start this update by looking at gold’s price measured against various important currencies. These long-term charts quickly make clear that gold is in a majorContinue reading “Gold Bull Market Well Established in Many Currencies”

Fed’s Primary Corporate Credit Facility Is Now Operational

Now that the Fed is buying about a $1 billion in corporate bond ETFs weekly, and as of two weeks ago, starting buying individual corporate bonds out of a list which, as we disclosed yesterday bizarrely includes such perfectly solvent and stable foreign corporate titans as Toyota, Volkswagen and Daimler, not to mention such domesticContinue reading “Fed’s Primary Corporate Credit Facility Is Now Operational”

Zero Hedge Confirms Fed is Dead

from ZeroHedge: It is always good to have a statement from the coroner when pronouncing death as I did on May 19, 2020. That is when I gave time of death and pronounced “The Fed is Dead.” You especially want the second opinion when you’re talking about Feddie Krueger, who has more extra lives thanContinue reading “Zero Hedge Confirms Fed is Dead”

After the Lockdowns, Government “Fixes” for the Economy Will Make Things Even Worse

by Antony P. Mueller, Mises Institute: While it is relatively easy to predict that the postcorona economy will suffer from high unemployment, the outlook for price inflation is not so certain. On the one hand, there will be high government deficits and more public debt; on the other hand, given the weak economy, consumers andContinue reading “After the Lockdowns, Government “Fixes” for the Economy Will Make Things Even Worse”

Is It 1999 Or 2007? Retail Investors Flood The Market

Authored by Lance Roberts via RealInvestmentAdvice.com, Is it 1999 or 2007? Retail investors flood the market as speculation grows rampant with a palpable exuberance and belief of no downside risk. What could go wrong? Do you remember this commercial? [embedded content] The Etrade commercial aired during Super Bowl XLI in 2007. The following year, theContinue reading “Is It 1999 Or 2007? Retail Investors Flood The Market”

America’s Dysfunctional Economy. Massive Unemployment. Economic Collapse

The US ruling class bears full responsibility for the economy’s unprecedented dysfunctional state. What was unimaginable long ago is reality today, redefining what house of cards economic conditions are all about. It’s an unsustainable situation certain to implode ahead with longterm devastating consequences for ordinary Americans — paying the price so privileged ones can benefit. SinceContinue reading “America’s Dysfunctional Economy. Massive Unemployment. Economic Collapse”

Papa Powell Sees “Tremendous Human and Economic Hardship” (No V-Shaped Recovery)

by David Haggith, The Great Recession Blog: Jerome Powell burst the stock market bubble by publicly acknowledging there will not likely be a “V”-shaped economic recovery. He indicated that it will take years for the economy to return to the recent levels … we experienced just a mere four months ago. —Seeking Alpha That was actuallyContinue reading “Papa Powell Sees “Tremendous Human and Economic Hardship” (No V-Shaped Recovery)”

Fed’s Official Balance Sheet Falls For The First Time Since February 2020, Most Since May 2009

SGT Report is the corporate propaganda antidote. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. SGT Report is your daily source for truth in a time of universal deceit.

Coronavirus – The Aftermath. A Coming Mega-Depression…

First published by GR on April 9, 2020 What will be next? Is a question on many people’s minds. Very likely the world will never be the same again. That might be good, or not so good, depending on how we look at this disastrous, “pandemic” which by all serious accounts does not deserve theContinue reading “Coronavirus – The Aftermath. A Coming Mega-Depression…”

Robinhood Tightens Up Options Platform After Trader Suicide

In the wake a young user’s suicide, popular trading platform Robinhood has decided to tighten up its options platform. As we sadly detailed here, the devastating suicide of 20-year-old Alex Kearns, after discovering he faced a loss of over $700,000 on his massively-levered options account, exposed the very real downside of the speculative mania occurringContinue reading “Robinhood Tightens Up Options Platform After Trader Suicide”

The Fed's Grand Bargain Has Finally Imploded

Authored by Charles Hugh Smith via OfTwoMinds blog, The Fed has backed itself not into a corner but to the edge of a precipice. Though the Federal Reserve never stated its Grand Bargain explicitly, their actions have spoken louder than their predictably self-serving, obfuscatory public pronouncements. Here’s the Grand Bargain they offered institutional investors and speculatorsContinue reading “The Fed's Grand Bargain Has Finally Imploded”

The Staggering “Powell Bubble” In Just One Amazing Chart

With three in four finance professionals convinced that Fed is behind the current rally thanks to an unprecedented firehose of liquidity which is anywhere between $8 and $12 trillion based on asset purchases, backstops, and guarantees, there is no denying that what we are experiencing now is a continuation of the bubble spawned by BernankeContinue reading “The Staggering “Powell Bubble” In Just One Amazing Chart”

How To Get Rid Of Paranoid Conspiracy Theorists

By Caitlin Johnstone, Rogue journalist. Bogan socialist. Anarcho-psychonaut. Guerilla poet. Utopia prepper Are you as sick and tired as I am of all those tinfoil hat-wearing conspiracy nutters who express skepticism whenever the kind and beneficent US intelligence agencies bestow us with urgent information about a new country in need of regime change? Do you wantContinue reading “How To Get Rid Of Paranoid Conspiracy Theorists”