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How can a person invest in an economy when rioters and the politicians that lead them can shutter the economy at any moment? You understand that Wash DC is about equal to a square 7.8miles on a side and Trump can barely keep rioters and lookers out of the White House. Wash DC is the 16th most dangerous city in the USA.
Then you add the risk from panic promoting cranks screaming Apocalypse all day everyday and COVID has only been the most successful panic attack in recent years by no means the only one.
Whatever your opinion it is plain that the DC Elite including all the Generals and Spies have done nothing but overthrow the government. Trump is an old guy and is unimportant like Junior Bush over the longer term. For better or worse the USA gradually wound down slowly after 1950 and since 9/11 any pretence at ‘democracy’ and the ‘rule of law’ is no longer even a joke by the example of out top national officials.
A corrupted dying bar fly like Biden who has had open cranium surgery for aneurysms is going to be President in any effective fashion?
Apple co-founder Steve Wozniak essentially believes Elon Musk is a con artist. “I don’t believe anything Elon Musk or Tesla says.” At a recent conference in Sweden, Wozniak revealed his deep mistrust toward the overhyped Tesla and why he isn’t jumping on Elon Musk’s bandwagon charade.
Wozniak once said that there is “way too much hype” around Tesla, a venture primarily funded by taxpayers. In fact, Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, were funded by an estimated $4.9 billion in government support (taxpayer-funded). Every taxpayer in the U.S. is essentially working for Musk, whose visions are lifted onto a pedestal and “entitled” to taxpayer support.
Tesla founder Elon Musk and his, ahem, wife Claire Boucher recently gave birth to an offspring that they decided to name “X Æ A-12” in celebration (?) of its designation as a “gender-neutral” baby. Why din’t he have a Robot do it for him ? Space X guy is Spacey ! (I wouldent loan this guy any money)..
shows on my screen. it’s a five day GUSH chart from bigcharts. shows Gush steadily rising for four days, and gapping up on the fifth to close near the highs with a 23+% gain on the day.
Merkel allies criticize Trump decision to cut U.S. troops in Germany
BERLIN (Reuters) – Senior lawmakers from German Chancellor Angela Merkel’s ruling conservative bloc on Saturday criticized President Donald Trump’s decision to order the U.S. military to remove 9,500 troops from Germany.
The move would reduce U.S. troops numbers in Germany to 25,000, from 34,500.
“The plans once again show that the Trump administration is neglecting an elementary leadership task: the involvement of alliance partners in decision-making processes,” Johann Wadephul, foreign policy spokesman for the CDU/CSU parliamentary group, told Reuters.
“Adens 1680 has gone..if we close sub today…they allow a fall to 1480…but anything less is even more bullish…they will ride this fall out, as they recon this is a repeat of the 70/80’s mkt…ie super bullish.
Others see poss 1430…so bear case grows short term.”
I’m afraid if the correction gets that deep, there’ll be no buying interest left. Can only refer to the 70-80’s so many times and those were entirely different and less manipulated markets.
I will say this to Ipso’s point, in this latest dump from HUI 300 down to 250, my retirement is still up near the highs, mostly because I have several juniors in the silver space that have held up ok and only KL and AEM in the large cap space.
It seems to me that the pm shares have always reacted better to moves in silver than they have to gold.
Thank God all those newly created (345,000) business were opening up in early May or this country could be in real trouble.
who knew all you needed was a pandemic lockdown, 30 million unemployed (oops I’m sorry I forgot about the miraculous jobs number today) 27.5 million and 2 weeks of protests, riots and looting to really get this eCONomy going.
I guess $9 Trillion in funny money has to go somewhere. Welcome to the new gilded age serfs.
The 20 industries with biggest job losses & the 20 with the biggest gains. The unemployment rate would have been 16% if people had responded to the survey correctly, said the BLS; that would be 25.3 million unemployed. Abysmal.
This is based on the surveys of employers (“establishment surveys”), released as part of the jobs report this morning by the Bureau of Labor Statistics. The reference period on the survey extended through May 12th. Given the issues with the pandemic, the BLS noted that people were counted as “employed” if they were paid by their employer for any part of the pay period through the 12th, “even if they were not actually at their jobs.”
*Edward Gofsky
@EdwardGofsky
We are witnessing history. The Nasdaq is trading at a 152x multiple of the Bloomberg Commodity Index, surpassing the highs seen during the Dot Com bubble by almost a factor of two! This includes gold & silver. What a time to be alive.
John P. Hussman
@hussmanjp
Let’s see:
1) $349bn in payroll protection (payable whether employees are working or not, as long as they are kept on payroll).
2) Median personal income ~$34k/yr
3) 24 wks of PPP ~ $15,700
4) $349bn/$15,700 ~22 million jobs paid w/PPP
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