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Zero Hedge 06/05/2020 17:00
Global Instability, Soaring Deficits And Civil Disobedience: Are We Back In The 1960s, And What Happens Next? Fri, 06/05/2020 - 17:00. For those concerned where our turbulent world is headed, Bank of America has an interesting observation: look back to the late-1960s of what is to come. According to the bank CIO Michael Hartnett, just like now, the late-60s, early 70s period was one of social & civil unrest, soaring government/budget deficits, the end of globalization (end of Bretton Woods then vs collapse of global supply chains now), rising yields & inflation after a long period of calm, and ultimately, the start of stagflation. If we are going "back to the past", what lessons can we learn from a rerun of this challenging time?
Zero Hedge 06/05/2020 16:45
Rasmussen: Black Approval For Trump Surges To Over 40%. Fri, 06/05/2020 - 16:45. Despite the recent riots over police brutality, Rasmussen has indicated that black approval for the job President Trump is doing is now over 40%. “Our Daily Presidential Tracking poll today shows Black Likely Voter approval of the job @realDonaldTrump is now over 40%,” tweeted the polling agency. The full results of the poll are yet to be published, but the number suggests that the media’s campaign to frame Trump’s response to the riots as draconian and racist has completely failed. Reader Tip: Coming Later. Our Daily Presidential Tracking poll today shows Black Likely Voter approval of the job is now over 40%. — Rasmussen Reports (@Rasmussen_Poll). For comparison,
Zero Hedge 06/05/2020 16:30
In Rare Statement, Soros Denies Paying Protesters To Riot. Fri, 06/05/2020 - 16:30. Following accusations that paid protesters are hijacking the George Floyd protests and inciting riots, George Soros' Open Society Foundation has issued a rare statement claiming that he - nor anyone else, is funding the chaos. Introducing the statement, Spokesman Michael Vachon writes:. Facebook, Twitter, and other social media platforms are being used to spread the now familiar and thoroughly debunked conspiracy theory that George Soros and the Open Society Foundations are paying people to protest , in this case over the murder of George Floyd.
Zero Hedge 06/05/2020 16:15
Shots Fired On Turkish Police Boat From Greek Border As Athens 'Readies' Military Options. Fri, 06/05/2020 - 16:15. Multiple Turkish news sources announced Friday that a Greek group wearing military fatigues opened fire on a Turkish police boat while the latter was patrolling the Mrayij River near the Turkish-Greek border. The news agency said that the Special Operations Police found near the Bashiurt border police station, the body of one of the asylum seekers beside a tree, while they were patrolling the Mrayij River. They "a military camouflaged group opened fire from the Greek side towards the Special Operations Police boat while photographing the body.".
Zero Hedge 06/05/2020 15:29
"I'm The World's Greatest Day Trader": Barstool's Dave Portnoy Epitomizes Retail's Takeover Of Rigged Markets. Fri, 06/05/2020 - 15:29. "I’m being modest when I say I’m the world’s greatest day trader. My unlimited money has upgraded to infinity money," Barstool Sports founder Dave Portnoy on Friday morning, after a surprise jobs number sent the market soaring. A living example of how Fed policy widens the wealth gap in real time, as markets surge higher, "Davey Day Trader" took to Twitter on Friday morning to post a video of himself bragging about his portfolio's performance. "Between this and my private account, within two months, I'll probably be up close to 5 million," he says to start the video. "I don't have to work anymore, this could
Zero Hedge 06/05/2020 15:15
Washington DC Mayor Renames Street Near White House After Black Lives Matter. Fri, 06/05/2020 - 15:15. Washington DC Mayor Muriel Bowser and President Trump are still battling it out for control of DC's streets, according to Bowser has officially renamed a section of 16th street right in front of the White House after the "Black Lives Matter" movement. By her order, the street was painted with the slogan in large bright yellow letters.
Zero Hedge 06/05/2020 15:00
The Price Of Half The World's Staple Food Is Up 70% In 2020. Fri, 06/05/2020 - 15:00. First the good news: after soaring to record highs one month ago due to widespread shutdowns of meat processing plants and supply chain impairments, wholesale beef prices have tumbled sharply and are just barely higher than where they were before the coronavirus pandemic struck. Now the not so good news: as Bank of America's Michael Hartnett notes in his Flow Show today, while beef may be affordable again, rice - the staple food for half of world's population - is becoming increasingly unaffordable, "surging 70% since Jan on COVID-19 labor supply chain hit & stockpiling.".
Zero Hedge 06/05/2020 14:45
ISIS Celebrates BLM Protests In Hope They Will "Weaken" The West. Fri, 06/05/2020 - 14:45. Terror group ISIS has celebrated Black Lives Matter protests and riots taking place in multiple major cities, gleefully hoping that they will serve to "weaken" the west. Numerous major American cities have been rocked by civil unrest over the past 10 days, with the riots claiming 17 lives.
Zero Hedge 06/05/2020 14:30
"Seeding Event" For Fresh COVID-19 Explosion: CDC Chief Urges Protesters To Get Tested. Fri, 06/05/2020 - 14:30. The director of the Centers for Disease Control and Prevention has called mass protests in the wake of George Floyd's gruesome death at the hands of police a "seeding event" for the rapid spread of coronavirus . CDC chief Robert Redfield in testimony at a House appropriations subcommittee on Thursday said the sheer size and frequency of the past nine days of protests leaves cause for alarming concern.
Zero Hedge 06/05/2020 14:21
Fed Again Tapers Daily Treasury Purchases To $4 Billion Per Day For Next Week. Fri, 06/05/2020 - 14:21. From an initial $75 billion per day when the Fed announced the launch of Unlimited QE in mid-March, the US central bank first reduced its daily buying to $60 billion per day, then announced a series of consecutive 'tapers' as follows:. $50 billion per day. $30 billion per day. $15 billion per day. $10 billion per day. $8 billion per day. $7 billion per day. $6 billion per day. $5 billion per day. Then, after again shrinking the average daily , in its latest just , the Fed unveiled that in the coming week it would purchase "only" $4BN per day, or a total of $20BN for the week , the lowest weekly total since the launch of Unlimited QE on March 23. The.
Zero Hedge 06/05/2020 14:16
Survivor's Euphoria. Fri, 06/05/2020 - 14:16. It’s called survivor’s or survival euphoria. Having just gone through a traumatically dangerous experience, and lived, a person might naturally become euphoric for it. Not uncommon in combat situations, your body marshals all its resources including many physiological responses and counteractions. When it’s all over, there’s evolution working overtime in your brain rewarding these survival instincts. And it can be a huge problem if left unchecked. Long-term mental health issues, yes, but more immediate, too. Whilst dosed up with pleasurable neurotransmitters like dopamine you might not notice just how badly you were yourself wounded in the process, unable to more precisely appreciate the gravity o.
Zero Hedge 06/05/2020 14:00
BofA Says Next "Extreme Move" Will Be In Treasuries, But What If It Remains In Stocks. Fri, 06/05/2020 - 14:00. Earlier today that in the aftermath of today's stellar jobs (if very bizarre) report, the reflation narrative has decisively won out for the time being, with 10Y Treasury yields blowing out well above the " -which means momentum chasers are now going short rates - and finally breaking out of their 3-month trading range:. And with short-term rates still locked by the Fed's ZIRP policies, the bear steepening as seen in the surge in the 5s30s is in full force. And since the reflation signal as telegraphed by this curve is what drives value stocks higher, it explains why value continues to soar today even as momentum suffers a historic c.
Zero Hedge 06/05/2020 13:31
Barry Diller Says Amazon "Not A Monopoly", Dismisses Quarterly Guidance As "Dumbass" Work. Fri, 06/05/2020 - 13:31. Less than a day after Tesla CEO Elon Musk accused Amazon of being a monopoly and called for its breakup, Expedia Chairman Barry Diller said he disagreed with Musk's assessment, but agreed that 'smart' regulations are probably warranted for tech giants, including another heavyweight that probably more closely resembles a monopoly. That company, Diller says, is Google parent Alphabet, which Diller implied might someday obtain "monopoly status.". "
Zero Hedge 06/05/2020 13:10
Quant Carnage: Momentum Melts Down By Most On Record As Yields Spike. Fri, 06/05/2020 - 13:10. The "large gatherings" across the nation appear to have crushed any fears of COVID contagion and today's jobs data (heavily impacted by massive swings in the birth/death model adjustment) has removed all fear from FOMO-minded investors as they chase stocks (and bond yields) higher. Dow futures up over 2000 points from Sunday night's open...
Zero Hedge 06/05/2020 13:01
"Useful Idiots", 'White Privilege', & Silicon Valley's "Ministry Of Truth". Fri, 06/05/2020 - 13:01. When Gil Scott-Heron released the iconic song it was a cry for racial justice. But it was far deeper than that. Because Scott-Heron spoke the truth that media was subordinate to power. That’s why he knew the revolution he spoke of would never be on television, the most powerful form of media in the world at the time. Controlled by very few because technology had not transformed communication, corporate media crafted whatever narratives it and those it was subordinate to wanted. And those narratives are always sick, divisive and foremost fake. Today social media companies are supposed to act as democratized distribution platforms for images, th.
Zero Hedge 06/05/2020 12:40
Patrol Officer Set On Fire During Raging Police Brutality Protests In Mexico. Fri, 06/05/2020 - 12:40. As the second week of George Floyd demonstrations in America actually begin to shift toward being , sporadic violent and have been observed in various parts of the world, as we noted previously. Arguably the most horrific incident involving an attack on police has come out of Mexico.
Zero Hedge 06/05/2020 11:58
Bankrupt Hertz Stock Soars 100% On Relentess Flood Of Retail Daytraders. Fri, 06/05/2020 - 11:58. Two weeks ago we explained "" and the confirmations of this just keep coming day after day. On Monday we reported that "having stampeded into Hertz stock as it was plunging over the past three months, one would expect this bizarre BTFDing to end after the auto rental giant filed for bankruptcy.

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