Armstrong Economics

• newMarket Talk – August 13, 2020
  ASIA: The Chinese Communist Party (CCP) has called for protecting Xi Jinping as difficulties mount for China. Both Xi and the CCP are under pressure due to widespread domestic criticism and the poor economic situation, in addition to the debilitating…
  - 7 hours ago 13 Aug 20, 6:28pm -
• newPRIVATE BLOG – Democrats Anti-Investment Tax Every Buy or Sell Order
  PRIVATE BLOG – Democrats Anti-Investment Tax Every Buy or Sell Order Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
  - 8 hours ago 13 Aug 20, 5:35pm -
• newThe Agenda is Right in the Open But the Media & Politicians Turn a Blind Eye
  COMMENT: Dear Mr. Armstrong, By some weird stroke of coincidence, your recent article “Belgium Files Suit Against Gates & Neil Ferguson” beat me to the punch. I had planned to write you about the need for We the People of Planet Earth to organize…
  - 21 hours ago 13 Aug 20, 4:09am -
• newGovernments Ending Free Societies
  COVID deaths have fallen in Britain by 96%. Even the number of people infected who are seeking some treatment fell from 17,000 per day to 700. The real question is why are governments escalating their authority? The blue states in the USA are clearly…
  - 21 hours ago 13 Aug 20, 4:05am -
• newA Plea from a Member of the Italian Parliament – International Call to Action
  International call to action: demand your governments to access the technical-scientific data of Covid-19 emergency! Italian international call to action demanding transparency and data on Covid-19. We are appealing to all the associations (and citiz…
  - 21 hours ago 13 Aug 20, 4:01am -
• Market Talk – August 12, 2020
  ASIA: US President Donald Trump has said China is failing to meet commitments to buy more American goods under the phase one trade deal, a sign of increasing pressure on Beijing ahead of a six-month review of the deal between senior officials. US Tra…
  - 1 day ago 12 Aug 20, 2:48pm -
• New Ad Depicts 2020 Election as a War
    Socrates not only had forecast that 2015.75 would be the peak in government and the start of the Big Bang, which was initiated by the move to negative interest rates in 2014. This would undermine the sovereign debt markets and set in motion the de…
  - 2 days ago 12 Aug 20, 4:09am -
• The Gates Agenda – Control Everything
  Bill Gates, who nobody cares to investigate, is once again using blacks in Africa as his guinea pigs; allegedly bribing politicians to allow him to conduct his experiments. Gates is launching his digital ID with vaccines being linked to digital payme…
  - 2 days ago 12 Aug 20, 4:05am -
• My Personal Opinion
  QUESTION: Mr. Armstrong, what is your personal opinion about the rise of all this confrontation over a virus that has justified reducing all freedoms and rights? Do you plan to stay in the United States? LN ANSWER: Personally, I am very depressed abo…
  - 2 days ago 12 Aug 20, 4:03am -
• Should The US Invade Melbourne Australia to Restore Human Rights Like Iraq?
    How will the markets handle what lies ahead is very interesting. Historically capital will ALWAYS flee from tyranny. The markets may appear to be disconnected, but they are clearly beginning to weight the changing tide of freedom which is so essen…
  - 2 days ago 12 Aug 20, 4:01am -

Wolf Street

• newToronto Rental Market Hit by 82% Spike in Apartments for Rent
  But a surge in new renters pronto is unlikely.
  - 2 hours ago 13 Aug 20, 11:42pm -
• newNumber of People on State or Federal Unemployment Insurance Falls Below 30 Million, First Time Since June: Week 21 of U.S. Labor Market Collapse
  During the week, 1.49 million newly-out-of-work people filed for state or federal unemployment insurance. A huge number of job losses. But more people returned to work.
  - 8 hours ago 13 Aug 20, 4:53pm -
• newUsed Car & Truck Market Turmoil Mauls Freshly IPO-ed Unicorn Online Car Dealer Vroom. Shares -20%
  And how did the pros at CarMax do in the Crisis?
  - 20 hours ago 13 Aug 20, 4:50am -
• Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants, After Simultaneous Supply & Demand Shocks
  “We’re not even thinking about thinking about” slowing the decline of the dollar's purchasing power -- and thereby labor's purchasing power.
  - 1 day ago 12 Aug 20, 6:47pm -
• Foot Traffic to “Places of Commerce,” Office Occupancy Hit by Covid Resurgence, Persistent Work-from-Home: Real-Time Data
  The longer the Pandemic drags on, and work-from-home gets entrenched, the further Old Normal moves out of reach.
  - 2 days ago 12 Aug 20, 2:19am -
• Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts
  Here are the details on its purchases and holdings in July.
  - 2 days ago 11 Aug 20, 5:17pm -
• No, Americans Aren’t Suddenly Flying Again, Despite What the Media Said Today to Boost Stocks of Airlines and Boeing
  But another $25-billion taxpayer bailout is tucked into the stimulus package. The stock market loves bailouts and hates the effects of capitalism.
  - 3 days ago 11 Aug 20, 2:19am -
• Bailout Air Europa, to Be Acquired by IAG — Owner of British Airways and Spain’s Top 2 Airlines — Doesn’t Pass Smell Test
  IAG seeks aid from Spain to buy Spain's #3 airline for a near-monopoly in Spain. The family that's selling Air Europa seeks that bailout too.
  - 3 days ago 10 Aug 20, 11:42pm -
• Tesla Gets Crushed in Germany by EVs from Volkswagen, Renault, and Hyundai Group: It Woke Up the Giants
  Tesla’s share of the EV market plunged to 8.7% year-to-date, from 18.4% last year. Competition is now huge and across the spectrum. Tesla faces the same situation globally.
  - 4 days ago 10 Aug 20, 6:37am -
• The State of the American Debt-Slaves Q2 2020: The Credit Card Phenomenon
  Consumer debt to GDP spikes, but why did credit card balances plunge and new delinquencies decline?
  - 4 days ago 9 Aug 20, 2:46pm -

Money Game

• newA California appeals court just ruled that Amazon is legally liable for defective products sold on its site by third parties (AMZN)
  An appeals court in California ruled Thursday that Amazon is legally liable for defective products sold on its site by third parties.The court said Amazon "was pivotal in bringing the product," a defective replacement laptop battery, to a customer…
  - 3 hours ago 13 Aug 20, 9:53pm -
• newTesla has surged 20% since it announced a stock split 2 days ago (TSLA)
  Tesla has rallied since announcing on Tuesday that it would enact a 5-for-1 stock split at the end of August.Shares of the automaker jumped 13% on Wednesday and climbed as much as 6% on Thursday.The stock split doesn't change anything about the c…
  - 4 hours ago 13 Aug 20, 9:05pm -
• newA White House report claims that roughly 81% of coronavirus job losses are likely temporary
  A report released Thursday by the White House Council of Economic Advisers said about 81% of coronavirus job losses were likely temporary.The report said the historic policy actions from the federal government in the wake of the coronavirus pandem…
  - 5 hours ago 13 Aug 20, 8:24pm -
• newBank of America shares a simple stock-trading strategy with a track record of repeatedly beating the market — including the 20 companies that best exploit it now
  Savita Subramanian, the head of US equity and quantitative strategy for Bank of America, says betting against the top picks of hedge funds can be a surprisingly profitable tactic.She said that betting against the top 10 overweight stocks of active…
  - 5 hours ago 13 Aug 20, 8:16pm -
• newFred Liu's Hayden Capital has returned more than 100% in 2020. He breaks down the simple strategy he used to pinpoint 2 stocks that grew 10 times within just a few years.
  Fred Liu, the founder and portfolio manager of Hayden Capital, absolutely crushed the market in the first half of 2020, achieving a 101.2% return.Two of Liu's stock picks recently eclipsed "10-bagger" status (returns in excess of 10 times his orig…
  - 5 hours ago 13 Aug 20, 8:16pm -
• newGoldman Sachs explains the biggest factors that will drive returns in all 11 stock-market sectors amid virus uncertainty — and lays out how you should position your portfolio in each one (AMZN, FB, GOOGL, GS, VGT, FIDU, IDU)
  Investor uncertainty around COVID-19 and the November elections is impacting stock market sectors in different ways.In a recent note, Goldman Sachs laid out their recommended portfolio allocations for all 11 sectors of the S&P 500 and spelt out th…
  - 5 hours ago 13 Aug 20, 8:16pm -
• newUS stocks closed mixed as investors weigh positive jobs data against stimulus stalemate
  US stocks traded mixed on Thursday after weekly unemployment claims dipped below 1 million for the first time since the coronavirus pandemic drove historic job losses.Claims for jobless benefits dropped to 963,000 for the week that ended on Saturd…
  - 5 hours ago 13 Aug 20, 8:15pm -
• newThe head of investment research at the world's largest hedge fund says most portfolios are too concentrated in stocks
   Bridgewater's Karen Karniol-Tambour told Bloomberg on Thursday that the "new era" of economic policy is the coordination of monetary and fiscal policy. Changes in interest rates and quantitative easing are no longer the primary drivers of econ…
  - 6 hours ago 13 Aug 20, 7:16pm -
• newGold creeps closer to retaking $2,000 as investors hedge against stimulus deadlock
  Gold rose Thursday, heading for its second daily gain in a row after plunging the most in seven years on Tuesday. Tuesday's slump was set off by rising US bond yields. Both gold and silver have reversed course after a week of volatile trading an…
  - 6 hours ago 13 Aug 20, 7:08pm -
• newCisco dives 12% after giving disappointing earnings guidance, but BofA defends it as 5G is poised to drive growth in 2021 (CSCO)
  Cisco dived as much as 12% on Thursday after the company reported fiscal fourth quarter earnings that beat analyst estimates, but announced disappointing guidance.The networking company saw a double-digit decline in its core business amid the COVI…
  - 6 hours ago 13 Aug 20, 6:56pm -

Sovereign Man

• Does anyone else find this ironic?
  Does anyone else find this ironic? In the age of #MeToo and BLM, the most ‘woke’ political party in the Land of the Free has chosen a guy with multiple sexual misconduct allegations as its presidential nominee; and a lady who locked up countless…
  - 1 day ago 12 Aug 20, 5:12pm -
• Our enemies will tremble at the sight of our diversity and inclusion. . .
  Not long ago, the British Army realized that it needed to completely revamp its recruiting campaign. The younger generation simply wasn’t responding to the Army’s previous ‘Be All You Can Be’ style of advertising. So British leadership change…
  - 2 days ago 11 Aug 20, 2:54pm -
• Economic prosperity is no longer the priority. Guess what happens next…
  Recently I held a live Q&A Zoom call with my friend Peter Schiff, and several dozen members of our Total Access group. And towards the end of the call, one of our members asked– what do you think the future looks like for the US, and the West in ge…
  - 3 days ago 10 Aug 20, 3:31pm -
• Ignorance prevails again!
  Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Yale Study tests the…
  - 6 days ago 7 Aug 20, 2:22pm -
• This second passport comes with free university tuition
  I’ve written a lot in the past that there are two lifelong benefits that parents can provide their children, practically from birth. The first is the gift of a foreign language. Every kid is going to learn his/her parents’ native tongue.  But gi…
  - 7 days ago 6 Aug 20, 3:31pm -
• 4 countries welcoming the digital nomads during Covid
  Life has taken an eerie turn for digital nomads as their favorite cities emptied of tourists and foreigners working remotely. Tasha Prados arrived in Vietnam in late February, a few weeks before the country closed its borders. On March 12, she receiv…
  - 8 days ago 5 Aug 20, 3:16pm -
• Mommy put us in time-out again
  After a few weeks of freedom here in Puerto Rico where people could engage in dangerous, death-defying acts (like going to the gym), our all-knowing, all-powerful governor announced new lockdown rules late last week. Or as I tell my friends, Mommy pu…
  - 9 days ago 4 Aug 20, 5:29pm -
• Some clear thinking on gold at its all-time high
  For as long as I can remember, I’ve been a fan of Bruce Lee. I was probably about four years old when I first watched one of his movies. And I was instantly hooked. The guy was legendary. As a teenager, I learned more about how he lived, and I bega…
  - 10 days ago 3 Aug 20, 4:12pm -
• You can now be fined, jailed, and assaulted for not wearing a mask
  Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Governors proclaim ch…
  - 13 days ago 31 Jul 20, 3:07pm -
• And suddenly your passport is worthless
  Imagine being a seventeen year old, travelling internationally, all by yourself. It’s scary, but exciting– all the more so because you have been accepted to Harvard University. You’ve worked your tail off for years, all culminating in this amaz…
  - 14 days ago 30 Jul 20, 4:30pm -

Financial Survival

of two minds

• newThe "New Normal" Is De-Normalization
  Here's what denormalization means: there was no "New Normal" for the dinosaurs.Everyone talks about the "New Normal," as if there's a guarantee that life will return to normal. But the "New Normal" is De-Normalization, which I define as everythi…
  - 6 hours ago 13 Aug 20, 7:07pm -
• Could Wall Street Lose the Election?
  Two simple regulations would drive a stake through Wall Street's corrupt, evil heart.While the corporate media is focused on the presidential election, perhaps the more interesting question is: could Wall Street Lose the election? That is, could Wal…
  - 1 day ago 12 Aug 20, 7:21pm -
• The Economy Is Mortally Wounded
  A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially.We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into…
  - 4 days ago 10 Aug 20, 3:00am -
• If the "Market" Never Goes Down, The System Is Doomed
  The reliance on "good news" narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria."Markets" that never go down aren't markets, they're signaling mechanisms of the Powers That Be. Markets…
  - 7 days ago 6 Aug 20, 7:50pm -
• The Bogus "Recovery," Stress and Burnout
  We have three basic ways to counter the destructive consequences of stress.We have all experienced the disorientation and "brain freeze" that stress triggers. The pandemic and the responses to the pandemic have been continuous sources of stress, i.e…
  - 8 days ago 5 Aug 20, 6:01pm -
• TikTok and our Last-Ditch Desperation for Social Mobility
  Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy.I've often addressed the decline of social mobility and the addictive nature of social media, for example, Why Is…
  - 9 days ago 4 Aug 20, 6:02pm -
• A Vaccine May Not Be the "Magical Cure" Everyone Anticipates
  Few appear willing to follow the probabilities of a future in which a vaccine cannot possibly be the "magic cure" everyone wants.Let's attempt the impossible and set aside all preconceptions we might have about a vaccine for Covid-19, and think it th…
  - 11 days ago 2 Aug 20, 8:25pm -
• Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top
  The self-sustaining recovery is a fantasy that's evaporated.What looks like a powerful, can't-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large positions can…
  - 13 days ago 31 Jul 20, 7:03pm -
• The Next Leg Down: The Top 10% Are About to Take a Hit
  No federal bailout or stimulus can reverse these three dynamics, and no amount of legerdemain can replace the spending of the top 10%.Few of those anxiously seeking a rebound in consumer spending take into account the top 10% of households account fo…
  - 14 days ago 30 Jul 20, 5:15pm -
• Our Slide into Social Psychosis and Breakdown
  Not only is our lifestyle on back-order, so is our sanity.Yesterday I mentioned our collective inability to make sense of the contradictory messages of the status quo and our own experience. This inability to reconcile completely contradictory messa…
  - 15 days ago 29 Jul 20, 6:21pm -

Jesse's Cafe Americain

• newStocks and Precious Metals Chart - Then the Flood Came - Fed Underpins Global Financial Assets
  “The mob believes everything it is told, provided only that it be repeated over and over.  Provided too that its passions, hatreds, fears are catered to.   The grosser, the bigger, the cruder the lie, the more readily is it believed and followed.…
  - 4 hours ago 13 Aug 20, 9:46pm -
• Stocks and Precious Metals Charts -Den of Vipers and Thieves - Risk On
  "Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.When…
  - 1 day ago 12 Aug 20, 8:41pm -
• Stocks and Precious Metals Charts - Gold and Silver Mugged By Wall Street Insiders - Because They Can
  "Day by day the money-masters of America become more aware of their danger, they draw together, they grow more class-conscious, more aggressive. The [first world] war has taught them the possibilities of propaganda; it has accustomed them to the idea…
  - 2 days ago 11 Aug 20, 9:21pm -
• Stocks and Precious Metals Charts - Global Market Cap Larger Now Than Global Economy
  No merger Monday today. Just a slight upward drift in small caps and the SP, with the techs giving up some ground.The dollar had a bounce. Just a bounce, so far.Gold gave up a little bit of its recent gains, but silver managed to take back 29 a…
  - 3 days ago 10 Aug 20, 8:14pm -
• On the Feast Day of Saint Edith Stein
  “Do not accept anything as the truth if it lacks love.  And do not accept anything as love is it lacks the truth.  One without the other is a destructive lie.When you seek truth you seek God, whether you know it or not.My God, fill my soul wi…
  - 3 days ago 10 Aug 20, 4:04pm -
• Stocks and Precious Metals Charts - Shenanigans Abounding in Quiet Summer Trading
  "Write this message plainly on tablets, so that even a passerby may read it.For there is still a reckoning coming in its appointed time. It speaks of the end, and does not lie. If it seems to be late in coming, wait for it; it will surely unfold.…
  - 6 days ago 7 Aug 20, 9:21pm -
• Stocks and Precious Metals Charts - King Silver! - Non-Farm Payrolls Report Tomorrow
  Gold and silver were both moving higher today, with the Dollar continuing its slide lower as measured by the DX index.Gold closed just north of $2070.Silver had a major move and finished up just shy of $29!Stocks were a bit lackluster in the ea…
  - 7 days ago 7 Aug 20, 4:33am -
• Stocks and Precious Metals Charts - Risk On!
  Today was one of those 'risk on' days when the punters on Wall Street decide that there are blue skies ahead.Gold and silver were off a bit, and the Dollar bounced a little higher off the recent low.Tropical Storm Isaias is due to rip through her…
  - 10 days ago 3 Aug 20, 8:32pm -
• Stocks and Precious Metals Charts - Crazy Train All Aboard
  Gold and silver moved higher today, along with the Dollar which gained back a little of yesterday's loss.Stocks came in much lower this morning.And I was carrying an overnight short in the small caps, which I covered before I left around lunchtim…
  - 13 days ago 31 Jul 20, 10:12pm -
• Stocks and Precious Metals Charts - Thurston Powell III - The FANGs Report After the Bell
  "But, outside the realm of business, these men are stupid.  They know only business.  They do not know mankind nor society, and yet they set themselves up as arbiters of the fates of the hungry millions and all the other millions thrown…
  - 14 days ago 30 Jul 20, 10:27pm -

The Burning Platform

• newHere I Come to Save the Day!
  The Big Tech CV19 fix is in.   Brick and mortar is dead and gone and replaced with virtual, for your own protection.  And, for your kids (it’s always the kids).   Big Tech has come to save the day! No disrespect intended to the great Mighty Mo…
  - 4 hours ago 13 Aug 20, 9:38pm -
• newYou Don’t Know, What You Don’t Know – And It Can Hurt You!
  I ran into the house crying. My grandmother grabbed some ice and pressed it to my face. I was a first-grader and had never been on a farm before. I knocked down a wasp’s nest with a broom. I got nailed, and it hurt! My grandfather looked at the wel…
  - 4 hours ago 13 Aug 20, 9:35pm -
• newGOVERNMENT & MEDIA RIDICULE
  Via Politically Incorrect Humor
  - 4 hours ago 13 Aug 20, 8:57pm -
• newChicago looters smash Ronald McDonald House with terrified sick kids inside
  Via the NY Post Sick kids and their families cowered in fear inside a Chicago Ronald McDonald House as looters smashed the front door while trying to get inside this week, according to staff. The charity says more than 30 families, as well as some si…
  - 6 hours ago 13 Aug 20, 6:55pm -
• newPennsylvania District Mandates White Supremacy Lessons for Kindergartners
  Via The Free Beacon Elementary school children returning to a wealthy Pennsylvania classroom in the fall will learn that sympathizing with police officers is racist. Gladwyne Elementary School—located in Lower Merion School District, one of the ri…
  - 7 hours ago 13 Aug 20, 6:32pm -
• newConversion
  Guest Post by Eric Peters It is wise to put aside some cash for just-in-case. Well, it was. When the economy was stable; when tens of millions of Americans weren’t sick in the head – and out on the streets (Diapers on their faces, protecting them…
  - 7 hours ago 13 Aug 20, 5:52pm -
• newFACE THE FACTS
  Guest Post by Southern Sage “If you will not fight for the right when you can easily win without bloodshed; if you will not fight when your victory will be sure and not too costly; you may come to the moment when you will have to fight with all the…
  - 8 hours ago 13 Aug 20, 5:07pm -
• newMEANWHILE….IN CANADA
  Submitted by RiNS
  - 9 hours ago 13 Aug 20, 4:45pm -
• newSacrifice And Victory . . . –
  Guest post from John Wilder at Wilder Wealthy Wise. It ain’t over until we say it’s over.” – Animal House After one victory, I threw my ball into the crowd.  The people at the bowling alley did not like that. This is not going to be a typic…
  - 9 hours ago 13 Aug 20, 3:49pm -
• newHOOD HOME SCHOOLING
  Nice training. Right down to the hand signals. #Jackals. pic.twitter.com/bcdcuHRtzv — James Woods (@RealJamesWoods) August 13, 2020
  - 10 hours ago 13 Aug 20, 3:10pm -

War Room

• newExpert violin-makers in Italy spend 3 months making a single instrument — but mass-produced violins from China are flooding the market
  Cremona, Italy, is the world capital of violin-making, and is the birthplace of the famous Stradivarius violins that can be worth millions of dollars.But business in Cremona is under threat from a flood of Chinese manufacturers that churn out much…
  - 5 hours ago 13 Aug 20, 8:21pm -
• new'I really don't care, do U?': How the act of refusing to wear a mask became the new symbol of American fear
  To wear a mask or not to wear a mask: As the coronavirus pandemic continues to sweep through the nation, health professionals are still battling to get people to wear masks. This is partially because wearing a mask has become a partisan issue, wi…
  - 5 hours ago 13 Aug 20, 8:12pm -
• newThe best startup incubators and accelerators to help your new business grow fast
  Just one in 12 startups succeed, with most failing between their second and fifth year of growth.Startup incubators can help startups learn how to succeed, and accelerator programs help early-stage businesses grow faster. On average, incubated bus…
  - 6 hours ago 13 Aug 20, 7:30pm -
• newA real-estate investor who was able to retire at 37 breaks down how he makes $15,000 a month in passive income
  On a recent episode of the podcast "The Side Hustle Show," hosted by Nick Loper, real-estate investor Dustin Heiner explained how he was able to retire at 37 by investing in rental properties.Heiner broke down the steps investors should take befor…
  - 6 hours ago 13 Aug 20, 7:19pm -
• newHow to seamlessly blend freelancers, contractors, and consultants into your company culture and workflow
  Amid the business world's transition to remote work, tapping flexible workers — such as contractors, freelancers, and consultants — can be more valuable than ever.But managing the legal, logistical, and cultural implications of such hires can…
  - 6 hours ago 13 Aug 20, 7:02pm -
• newToday is Black women's Equal Pay Day. This calendar shows the visceral way the gender pay gap affects all races.
  August 13 is "equal pay day" for Black women in the US.That is, that calendar date marks the day when the typical Black female worker would have earned as much in 2019 and 2020 as the typical white male worker would have earned in 2019 alone.The…
  - 7 hours ago 13 Aug 20, 6:29pm -
• newHow much Deloitte, KPMG, EY, and PwC accountants and consultants make, from entry level to executive roles
  The "Big Four" accounting firms — PricewaterhouseCoopers (PwC), KPMG, Ernst & Young (EY), and Deloitte — are known for paying their staff high salaries. In 2019, these four firms combined employed well over a million people worldwide. Busine…
  - 7 hours ago 13 Aug 20, 6:21pm -
• newVocal critics of the US pandemic response are emerging: central bankers
  Presidents of Federal Reserve Banks in major American cities are speaking out about the poor federal response to the pandemic, saying that it eliminates any potential of a quick economic recovery.The president of the San Francisco Federal Reserve…
  - 7 hours ago 13 Aug 20, 5:51pm -
• newThe richest people in America, ranked
  The 16 richest Americans in the Bloomberg Billionaires Index and Forbes Billionaires List are collectively worth more than $1 trillion. While tech moguls continue to dominate the top ranks, inherited wealth, like in the Walton family, also makes…
  - 8 hours ago 13 Aug 20, 5:46pm -
• newHow digital consulting giant Publicis Sapient poached employees from Netflix, Deloitte, and the Wall Street Journal to launch a video service for executives it calls 'the Quibi of business' — in just 22 days
  Digital transformation is a major business driver for professional services organizations and many are building practices and offerings around the trend. Digital consulting giant Publicis Sapient, which has been helping clients pivot to new techn…
  - 9 hours ago 13 Aug 20, 4:32pm -

Dr. Housing Bubble

• The Home Less Millennials: In 1981 the Median age of a Home Buyer was 31 and Today it is 47
  Pre-Covid our cohort of Millennials in California were already living at home in dramatically large numbers. The total was 2.3 million Millennial adults were living at home with mom and dad because they were unable to afford high rents, let alone pur…
  - 12 days ago 2 Aug 20, 6:37am -
• The Forbearance Tsunami: 4.1 Million Mortgages are in Forbearance with many on Extensions.
  A startling number of American households are currently not paying their mortgages. This number is at 4.1 million and this data was before we entered what now appears to be a second shutdown as cases of the Coronavirus spread across the country. Yet…
  - 28 days ago 16 Jul 20, 7:53pm -
• Covid-19 and the impact on housing. SoCal Home Sales hit an all-time low in May and 4.76 million Americans are now actively not paying their mortgage.
  Things are so good in the housing market, that the data from May for SoCal home sales hit an all-time record low. That is right, this was the worst performing May in recent memory in terms of sales volume. This is a critical point because sales volum…
  - 53 days ago 21 Jun 20, 9:10pm -
• Despite economic carnage and a raging pandemic, housing prices remain steady. 4 charts highlighting where things may go.
  It seemed that 2020 was already turning out to be a relatively challenging year with a massive global pandemic ravaging the world. Now we have nationwide unrest with protests and rioting. Yet somehow with all of this disturbing news, housing values r…
  - 72 days ago 3 Jun 20, 6:07am -
• The Forbearance Tsunami: 4.7 million mortgages are now in forbearance with an unpaid principal of $1 trillion.
  Let us clear something up regarding the last financial crisis with housing at the center of the market unraveling. The vast majority of the foreclosures that happened in the Great Recession occurred on standard 30-year fixed rate mortgages. There is…
  - 87 days ago 19 May 20, 5:11am -

Shadow Stats

• Flash Economic Commentary No. 1445
  (SGS Subscription required) • Mounting, Fundamental Risks for Hyperinflation and Systemic Instabilities Promise New Highs for Gold and Silver Prices, Irrespective of the August 11th Sell-Offs • Historic GDP Collapse Wiped Out the Last Five Years…
  - 2 days ago 12 Aug 20, 11:26am -
• Economic Commentary No, 1444
  (SGS Subscription required) • FOMC Continues to Hold Its Extraordinary Interest-Rate and Liquidity Policies in Place for Duration of the Pandemic-Disruption, Amidst Signs of Renewed Slowing in Economic Activity • Exploding Gold and Silver Prices…
  - 15 days ago 30 Jul 20, 2:00am -
• Flash Commentary No. 1443
  (SGS Subscription required) • Previewing Special Economic Commentary No. 1444 • Soaring Gold and Silver Prices, and a Weakening U.S. Dollar Increasingly Foreshadow Potential Hyperinflation and Systemic Instabilities • Reporting of Deepest-Eve…
  - 21 days ago 24 Jul 20, 1:58am -
• Flash Commentary No. 1442
  (SGS Subscription required) • Soaring Gold and Silver Prices Reflect Intensifying Investor Concerns for Inflation Risk and Systemic Instabilities • Rising Gold Prices Suggest Central Banks and Treasury Departments Are Not Doing Their Jobs; Any R…
  - 35 days ago 10 Jul 20, 12:57am -
• Special Commentary No. 1441
  (SGS Subscription required) • U.S. Economic Activity Was Faltering Before the Pandemic-Driven Collapse • Pre-Pandemic Economic Troubles Were Driven Primarily by Intensifying Federal Reserve Policy Malfeasance • March 2020 Economic Numbers Too…
  - 50 days ago 24 Jun 20, 10:31pm -
• Flash Commentary No. 1440
  (SGS Subscription required) • June FOMC Outlook: Deepening Near-Term Economic Collapse, Protracted Recovery • Unlimited Money Creation and 0.00% to 0.25% Fed Funds Promised for Foreseeable Future • May 2020 Money Supply M1, M2 and M3 Annual G…
  - 61 days ago 14 Jun 20, 12:35am -
• Flash Commentary No. 1439
  (SGS Subscription required) • May 2020 Payroll Gain and Unemployment Drop Were Not Credible • Extreme Pandemic-Shutdown Disruptions to Labor Market Conditions, and Surveying of Same, Heavily Distorted Bureau of Labor Statistics Reporting • He…
  - 65 days ago 9 Jun 20, 11:52pm -
• Special Commentary No. 1438
  (SGS Subscription required) • Entire Economic Expansion Since the Great Recession Is at Risk of Collapse • Driven by the Pandemic, U.S. Economic Plunge and Financial Market Turmoil Are Accompanied by Rapidly Mounting Risk of a Hyperinflationary…
  - 71 days ago 3 Jun 20, 4:01pm -
• Special Commentary No. 1437
  (SGS Subscription required) • Worst U.S. Economic Activity Ever Reported • April Retail Sales Fell the Most in Its 73-Year Reporting History • Production and Manufacturing Tumbled the Most in Their 101-Year History • Increasing New Claims…
  - 88 days ago 17 May 20, 9:59pm -
• Flash Commentary No. 1436
  (SGS Subscription required) • April 2020 Cass Freight Index® Collapsed by 22.7% (-22.7%) Year-to-Year • Level of Activity and Annual Decline Both Sank to Lows Last Seen at the Depths of the Great Recession • Deepening Declines in Annual Frei…
  - 92 days ago 13 May 20, 9:27pm -

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