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Thursday, April 30, 2020

Coronavirus: Something’s Not Right Here…

Following yesterday’s pimping of Gilead Science’s antiviral drug remdesivir on scant and suspect results, it’s hard not to start asking the question: Are we being played?

We’ve argued in several past videos that there is ample enough evidence that hydroxychloroquine shows enough promise in reducing/treating covid-19 that further research is merited. Instead, the drug is being demonized in the media.

That doesn’t make a lot of sense to us. But, hey, maybe there’s a good reason that a cheap widely-available treatment that has been administered hundreds of millions of times over the past 70 years, making it one of the most medically-delivered drugs in history, is suddenly being labelled “unsafe”?

But much more maddening is that remdesivir has suddenly been promoted to “standard of care” status despite its spotty and unproven track record.

Could that have anything to do with the fact that 9 of the 50 doctors on the NIH panel setting its covid-19 treatment guidelines work for Gilead Sciences?

The conflicts of interest and profit motives rampant among our policymakers are extremely concerning. Something is not right here…

Don’t forget to get your free download of Peak Prosperity’s book Prosper!. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and I are now making it available to the world for free.

To download your free copy, click here.

The post Coronavirus: Something’s Not Right Here… appeared first on Peak Prosperity.



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Fleckenstein: We Are Mired In A Depression – Here Is A Look At Bubble Insanity, Plus Gold & Miners

Today Bill Fleckenstein said we are mired in a depression and took a look at the bubble insanity, plus gold and miners.

The post Fleckenstein: We Are Mired In A Depression – Here Is A Look At Bubble Insanity, Plus Gold & Miners appeared first on King World News.



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Justin Huhn: This is Going to Be a Long-Term Uranium Bull Market

from Mining Stock Education

We are entering a long-term uranium bull market says Justin Huhn of UraniumInsider.com. In this interview Justin discusses the significance of many recent catalysts within the uranium sector. He also shares his outlook for this uranium up-cycle and how he is going about investing in uranium companies.

Justin Huhn has been studying the uranium market for over three years, with many thousands of hours of research under his belt. He has been trading the markets for close to a decade, and learned to invest with technical trading – more specifically, trend-following. He was taught by a long-time veteran momentum trader who took him under his wing. This combination of deep fundamental analysis in the uranium sector and experience with technical analysis gave birth to the Uranium Insider Pro newsletter.

Click Here to Listen to the Audio

Continue Reading at MiningStockEducation.com…



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Where to After Covid-19 with Richard Duncan

from Financial Survival Network

Richard Duncan is in Thailand where the virus never took hold despite the fact that thousands of Chinese visited prior to the outbreak. Assuming the virus doesn’t return, we’ll be viewing this as one of the great economic experiment in history. In the US, credit growth has been the great driver of economic expansion. When credit growth slowed or ended, we saw recessions take hold. During 2008-09 credit growth slowed and the Great Recession ensued. Then the Fed reflated with asset inflation. Now we’re in a new paradigm. The virus has been a huge blow to the credit based economic growth cycle. The Fed is doing everything in its power to keep the credit bubble growing. What will it look like after the Virus? If we let everything collapse then the government’s debt will explode anyway. $5-10 trillion in new debt is coming. The Fed will have to underwrite it. Their balance sheet has expanded 52% in the past 6 weeks. What would happen it there’s no new inflation and the world doesn’t end? If not, we’re living in a new economic environment. It will be a brave new world. Make sure you take advantage of Richard’s special offer to MacroWatch, just use the code FACTS, and sign up today.

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It’s Not a Quarantine, It’s House Arrest! with Karen Kataline

from Financial Survival Network

As Karen Kataline says, we’re seeing an attempt by petty tyrants to micromanage our lives. People are fed up and they’re reaching their breaking point. What will push them over and cause a mass movement against the wannabe dictators. If they don’t back off soon, they’re going to find out shortly. The time for quarantining is over and it’s time for everyone to open their businesses and get back to work.

Click Here to Listen to the Audio

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Oil Rebound Underway with Nick Santiago (Ep. #24)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:

1. Markets such as the S&P 500, Russell 2000, and the NASDAQ Composite have rallied into resistance zones. This is where it will be critical to understance and recognize the patterns formed over the next week or two. Pattern recognition is extremely important at this time.

2. Yesterday, the FOMC (Federal Open Market Committee) concluded a two day meeting. The Federal Reserve basically said they have endless money for this virus situation. So the liquidity is plentiful right now. Investor and traders must understand this. The real problems really come when the Fed removes the liquidity.

3. Amazon and Apple report earnings tonight. Amazon has been a big winner during the virus scare. Apple has struggled, but has had a solid bounce since March23rd.

4. Sticking with Silver trade for now. It’s a natural that should take off when the economy reopens. Nick is expecting $17 silver. It’s a short term trade, but longer term it’s going. Inflation is coming. Right now there’s a huge demand for dollars. Hoarding is going on around the world. When that trend ends, watch out for inflation. Gold and the dollar will go up together.

For more info, go to www.InTheMoneyStocks.com.

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The Weekly Perspective with David Morgan – Gold Stocks Outperform Both Gold and the S&P

from The Morgan Report

David Morgan‘s weekly perspective…

As fears mount that a U.S. recession is looming, a lot of investors are looking for safe haven assets in which to park their money. And “everybody knows” that gold is about the safest thing you can be invested in when a downturn hits and stocks are falling. Can gold stocks offer the same kind of safety during a recession that actual gold supposedly offers? You be the judge.

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. You can continue to grow your wealth regardless of the changing winds of politics, the economy and the financial markets. Let me show you how…

Click Here to Listen to the Audio

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Records Continue Being Broken From This Global Collapse

As the world continues to grapple with economic implosion, records continue being broken from this global collapse.

The post Records Continue Being Broken From This Global Collapse appeared first on King World News.



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What Is the NFL Telling Us About the Economy?

What is the NFL telling us about the economy? The conventional wisdom seems to be that the economy will quickly recover once governments open things up again. But recent moves by the National Football League indicate its leadership isn’t so confident. On Wednesday, NFL Commissioner Roger Goodell announced deep cost-cutting moves for the league, including […]

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SURVEY RESULTS: Covid-19 Is Changing The Way America Lives, Works & Votes

The data below reflects the findings of a national survey of 3,500 American adults conducted by Azurite Consulting, a tech-enabled consulting firm that uses unique methodologies, on behalf of Peak Prosperity to reveal the specific changes in behavior and sentiment triggered by the coronavirus in US households and businesses. This online survey of the PeakProsperity.com audience was conducted April 17-24, 2020, and is subject to a +/- 1.7 percentage point margin of error at the 95 percent confidence level.

‘All-American Impact Survey’ Three Key Findings

Beyond the high cost in human life already suffered, much of American society — perhaps even the future of the Presidency itself — has fallen victim to the the microscopic covid-19 virus.

So much damage has been done to job security, social norms, and voter trust that it will be years before life returns to the way it was before, if ever. Many of the changes forced on us by the pandemic are looking to be permanent.

#1: Covid-19 Is An Existential Threat To Businesses & Jobs

Despite quick and widespread layoffs and furloughs to cut costs, many companies fear they may not survive much longer. And those that do, don’t plan to hire back the same number of workers they’ve let go:

  • Half (49%) of all Americans report a loss income, partial or total, attributed to covid-19
  • If social distancing lasts until October, more than a third (36%) of US SMBs don’t believe they will survive
  • After the US emerges from covid-19, 70% of American c-suite executives and SMB owners plan to hire fewer employees back to perform the same work. Only 4% currently plan to hire more people than before.

#2: Covid-19 Is Pinching Budgets, Reducing Savings & Spoiling Retirement

The loss of income and reduced job security caused by the coronavirus, combined with the related recent stock market volatility, are making US households more financially insecure:

  • 19% of Americans are having to dip into their savings accounts to cover normal monthly expenses due to the impact of covid-19
  • 18% of retirees are considering having to return to the workforce to bolster their retirement savings
  • In order to make ends meet, households are cutting back on expenses. 62% of Americans have increased their home cooking and 36% are buying less “indulgent” foods. 39% have postponed larger household purchases (TVs, cars, designer clothing, home improvement, etc)

#3: Covid-19 Has Resulted In So Much Loss Of Voter Trust That It May Cost President Trump The 2020 Election

The majority of the voting public is dissatisfied with the federal government’s response to the pandemic, much more so compared to state and local levels. President Trump’s performance specifically receives the worst ratings of all, and that’s influencing a material percentage of voters in the 2020 swing states to decline to vote for him:

  • 73% say they now trust the Federal government less since the covid-19 outbreak. This loss of trust is much more severe than that reported for state (41%) and local (30%) governments.
  • 58% of all voters report themselves as dissatisfied with President Trump’s performance.  44% report themselves as “extremely dissatisfied” (0 or 1 on a 10 point scale)
  • Only 73% of 2016 Trump voters in the 2020 swing states are willing to say they’ll vote for him again. More than half of the remaining 27% plan to vote for another candidate or not at all.

“Four months ago, the world was unaware of covid-19,” notes Adam Taggart, president and co-founder of Peak Prosperity. “Now the pandemic is directing nearly every decision we make while clouding our personal, professional and national prospects with an ongoing uncertainty. That’s why accurate insights of the kind Azurite has helped us obtain through this survey are so important to households and businesses right now. Without good data, how will we collectively navigate well through this challenging time in history?”

“To date, there has been a pronounced lack of statistically sound data on how Covid-19 continues to swiftly alter the world around us.” says Eli Diament, founder of Azurite Consulting. “Azurite is excited to partner with Peak Prosperity to produce one of the first studies of this scale and rigor, to help households, business leaders, the media and policymakers utilize reliable data to underpin their decision making

Further insights from the All-American Impact survey are presented below.

For media inquiries, contact Annie Scranton (annie@pacepublicrelations.com) of Pace Public Relations.

To download the full survey results, press ready graphics and obtain details on the methodology used, click the button below:

DOWNLOAD THE FULL REPORT

PeakProsperity.com publishes analysis on the macro trends most likely to impact our future and helps individuals prepare prudently for them. Its website receives over one million visits per month and over 350,000 subscribers follow its daily video reports on YouTube.

Azurite Consulting is the leading provider of unique primary research to private equity firms, hedge funds, and large enterprises.  Azurite unique methodologies provide our clients with original primary research they can trust, allowing them to make their most critical decisions with the highest degree of conviction.

___________________________________

‘All-American Impact Survey’ Additional Findings

In addition to the insights above, the survey reveals that Americans are being forced by covid-19 to adopt more cautious behavior that will handicap economic recovery and likely strain social unity.

That said, life under lockdown isn’t all bad news.

Personal Life In The Age Of Covid-19: Caution Is King

It will take a long time for American life to return to “normal”, as people plan to refrain from many common activities for months (at least) after the lockdown is lifted, and in a number of cases, even after a vaccine is widely available:

  • Dining out: 53% won’t be comfortable going to a sit-down restaurant for at least 3 months after social distancing ends. 38% will wait at least 5 months. 24% won’t dine out until there’s a vaccine. 15% will wait 3 or months after a vaccine.
  • Gyms: 57% of gym-goers will wait 3+ months before returning after social distancing ends
  • Sporting event: 44% won’t attend a live game until a vaccine is issued, 63% of these people will wait at least another 3 months after the vaccine is out to attend
  • Travel: Air: 36% who took at least 1 international flight in 2019 will not fly internationally again until a vaccine is available
  • Travel: Cruise Ship: 22% of avid cruise goers say they’ll never take a cruise again. 65% will wait at least until there’s a vaccine. 55% of those waiting will delay their next cruise until at least 1 year after the vaccine is out.
  • Casinos: 45% don’t plan to go until a vaccine is available. 35% of these people will wait at least 6 months after vaccine release before going back.

And even once a covid-19 vaccine becomes available, Americans will not rush to get it:

  • 52% say they will wait at least 6 months after the vaccine’s release to take it
  • 29% (included in the above 52%) plan on never taking it

Fear of becoming infected is pushing us towards becoming a divided nation. About half of Americans believes themselves to be at higher risk (due to age and/or pre-existing condition). As a result, they take the covid-19 threat substantially more seriously, and may increasingly clash with what they see as “reckless” behavior by others as lockdowns are lifted and social activity resumes:

  • Those who consider themselves “At Risk” (AR) are substantially more critical than those who consider themselves “Not At Risk” (NAR) of the speed (73% AR vs 56% NAR) and forcefulness (64% AR vs 48% NAR) of the governments covid-19 response.
  • At Risk respondents are half as likely to eat out (19% AR vs 44% NAR) or shop in stores (11% AR vs 28% NAR)  three times less likely to fly (6% AR vs 21% NAR) after social distancing ends
  • At Risk respondent will wait TWICE as long to do ANYTHING (go to a movie theatre, house of worship, sporting event, etc) after a vaccine becomes available than NARs

On the home front, frazzled parents have had to determine on-the-fly how best to bend, break or completely re-draw home rules during this age of forced lockdown:

  • 49% of American parents have relaxed TV watching rules
  • ~40% have purchased games & activities to occupy their kid’s attention
  • 39% are encouraging additional online education
  • 27% are alternating working hours with their spouse in order to engage with their children. 18% are simply working fewer hours in order to be able to do so.

Given the sharp market drop and subsequent damage to the economy covid-19 has caused, Americans are now more likely to invest less in “paper” assets (stocks, bonds, Treasuries) and more in hard assets

  • American investors plan reduce their exposure to the stock market by 15%
  • 47% plan to increase their portfolio’s exposure to gold

It’s not all fear and struggle, though. On the more positive side, despite the uncertainty we’re all living under, the common adversary we face in the coronavirus is creating social solidarity:

  • 29% of Americans have, for the first time, purchased or shared groceries and other essential supplies with/for their neighbors
  • 36% of Americans report acting more friendly now to strangers

Business: Covid-19 Is Accelerating The Transition To A Remote Workforce

The digital collaboration tools (video conferencing, team communication/collaboration software, etc) being adopted during this forced ‘work from home’ period is accelerating permanent changes in the way American companies operate

  • Nearly half (48%) report that 50% or more of their company’s employees are currently working from home
  • 80% expect these newly-adopted tools to be used permanently by their business going forward
  • 83% agree or strongly agree that these tools will result in greater flexibility to work from home after covid-19

Working from home has resulted in gains in personal satisfaction and career introspection among managers & employees:

  • Nearly half (48%) of American managers report a better work/life balance now
  • 36% of American employees report better work/life balance
  • 57% of American corporate managers say they are going to prioritize job meaning (vs money) more highly for their next professional role

___________________________________

A tremendous thanks to the thousands of Peak Prosperity readers who filled out this survey. We will be sharing additional insights from it soon, including any notable differences seen in international respondents.

The post SURVEY RESULTS: Covid-19 Is Changing The Way America Lives, Works & Votes appeared first on Peak Prosperity.



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Gold Demand Up in Q1; Supply Plunges

Global gold demand was up 1% in the first quarter of the year as extraordinarily strong investment demand offset weakness in consumer markets even as supply dropped. Overall, gold demand came in at 1,083 tons in Q1, according to data in the World Gold Council Gold Demand Trends Q1 2020 Report. In value terms, global […]

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Daily Digest 4/30 – The False Hope of Antibody Tests, Austerity Strains National Healthcare Systems


Economy

The False Hope of Antibody Tests (tmn)

A pair of controversial surveys in the Bay Area and Los Angeles County found antibodies in 2.5 to 4 percent of the population—and even those numbers may be overestimates due to methodological flaws. In New York City, the country’s COVID-19 epicenter, 24.7 percent of people tested positive for antibodies. (The statewide number is 14.9 percent.) These rates do translate to many times more cases than officially documented, to be clear, but they are still a far cry from the 70 percent scientists believe is necessary to reach herd immunity and stop disease transmission. And if only a small fraction of the population can return to work without fear of getting the coronavirus, a return to something resembling normal is still a long way off.

Why summer likely won’t save us from the coronavirus (tmn)

High levels of heat, UV light, and humidity can help prevent more widespread infections of the flu or colds in the summer, along with medical treatments and vaccines (when available). But the Covid-19 coronavirus is still new to humans, so we don’t have as much immune protection built up against it — so the virus seems able to overcome summer-like weather and still cause big outbreaks.

As Governors Urge Businesses To Reopen, Workers May Be Pushed Off Unemployment (tmn)

The predicament is one in which millions of people receiving state unemployment benefits along with federal dollars from the CARES Act — in and outside of the restaurant industry — will soon find themselves, as more states follow Georgia’s lead in restarting some sectors of the economy.

Meanwhile, others living in states where lawmakers choose to heed warnings from top health officials that it’s too soon to reopen will remain eligible for financial relief.

The Corporate Right Is Giving Us Two Choices: Go Back to Work, or Starve (michael_m)

The longer-term danger they face is that we’ll make the government work for us in the short term — and then we will realize we could make it work for us all the time by removing the threat of starvation from their arsenal. This would totally change the balance of power in society. This is their deepest fear, one that’s consumed them since World War II, the first time in history that everyday people gained consciousness that it was possible for them to use the government to create a world that puts them first, not their bosses.

The Secret Group of Scientists and Billionaires Pushing a Manhattan Project for Covid-19 (tmn)

The eclectic group is led by a 33-year-old physician-turned-venture capitalist, Tom Cahill, who lives far from the public eye in a one-bedroom rental near Boston’s Fenway Park. He owns just one suit, but he has enough lofty connections to influence government decisions in the war against Covid-19.

Baptist Health Physicians Successfully Treat First Three COVID-19 Critically Ill Patients with RESTEM’s Umbilical Cord Mesenchymal Stem Cells (Ricardo I.)

“The remarkable ability for these cells to mitigate inflammatory processes holds great promise for COVID-19 patients as well as for people with many other illnesses,” said Guenther Koehne, MD, PhD, deputy director and chief of blood & marrow transplant at Miami Cancer Institute, part of Baptist Health. “These patients have improved their lung status much more quickly than patients treated with other experimental therapies,” added Dr. Koehne, who is also professor and chairperson of the Department of Translational Medicine at the Herbert Wertheim College of Medicine (HWCOM) at Florida International University (FIU). Specialists at HWCOM spearheaded this collaborative effort between academia, Baptist Health and RESTEM.

An analysis of SARS-CoV-2 viral load by patient age (michael_m)

Of note, whereas younger age groups have lower detection rates, this does not imply an age-based estimate of infection prevalence because of mostly symptoms-directed testing.

Acetazolamide, Nifedipine and Phosphodiesterase Inhibitors: Rationale for Their Utilization as Adjunctive Countermeasures in the Treatment of Coronavirus Disease 2019 (COVID-19) (James)

See, all older patients in a familial cluster had elevated fibrinogen levels. In tandem, markers of fibrin formation were significantly elevated in HAPE and Fibrin generation in that condition is deliberated as an epiphenomenon of edema formation rather than coagulation activation. Altogether, these specific pulmonary clinical manifestations exhibit identical features between both COVID-19 and HAPE.

Austerity, Not COVID-19,
Strains National Healthcare Systems
(Dustin M.)

In the face of the economic crisis, Spain reduced national health and social services funding by nearly 14% and in late 2012 excluded unregistered migrants from all but emergency, prenatal, and pediatric healthcare; by 2013 residents of Spain faced longer wait times for care. Within a few years, workers in the Spanish public health sector perceived that austerity measures, including reduced staffing levels in healthcare facilities, negatively affected the quality of care they were able to provide, and worsened outcomes for their patients.

War on Cash Kicking Into Overdrive (thc0655)

The USA Patriot Act that passed after 9/11 is a good example. Some counterterrorist measures were needed, of course. But the Treasury had a long-standing wish list involving reporting cash transactions and limiting citizens’ ability to get cash.

They plugged that wish list into the Patriot Act and we’ve been living with the results ever since, even though 9/11 is long in the past.

More on Facebook’s fake coronavirus “Fact Check” (thc0655)

According to Steve Mosher, president of the Population Research Institute and an expert on China, Facebook has yet to offer an apology for the unwarranted “fake news” label the social media giant had pinned to his February 22 op-ed, “Don’t buy China’s story: The coronavirus may have leaked from a lab. ”

This Historic Oil Price Crash Will Create A New Era For Energy (Michael S.)

A report this week from the World Economic Forum highlights this unique opportunity, positing that “the crisis offers an opportunity to consider a new energy order to enable the energy transition in a sustainable way.” Critics of fossil fuels and Big Oil have been overpowered and drowned out by the momentum of the machine and the unshakable inertia of business-as-usual. Maybe an apocalyptic global pandemic is what it takes to truly divest from fossil fuels and redirect the sector.

The world is on lockdown. So where are all the carbon emissions coming from? (tmn)

Transportation makes up a little over 20 percent of global carbon dioxide emissions, according to the International Energy Agency. (In the United States, it makes up around 28 percent.) That’s a significant chunk, but it also means that even if all travel were completely carbon-free (imagine a renewable-powered, electrified train system, combined with personal EVs and battery-powered airplanes), there’d still be another 80 percent of fossil fuel emissions billowing into the skies.

Gold & Silver

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The post Daily Digest 4/30 – The False Hope of Antibody Tests, Austerity Strains National Healthcare Systems appeared first on Peak Prosperity.



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They’re All High on Fed Fairy Dust

Everybody realizes the US economy is in a bad spot. But most people still seem to believe it will bounce right back once we deal with the coronavirus. They’re all high on Federal Reserve fairy dust. US GDP contracted by 4.8% in the first quarter. It was the first negative GDP reading since a 1.1% […]

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Wednesday, April 29, 2020

Coronavirus: Promising News On Remdesivir Drug….Maybe??

The world is cheering the news that Gilead Science’s antiviral drug remdesivir is showing a “clear cut positive effect in diminishing time to recover” for those infected with the covid-19 virus.

President Trump says he is now pushing the FDA to fast-track remdesivir through the approvals process.

So the media is filled with joyous headlines and the stock market had a banner up day.

But as with most announcements lately, digging into the supporting research raises lots of questions about the news.

First off, China’s published studies of remdesivir show little to no evidence that the drug makes any difference either in clinical improvement or mortality improvement.

The NAID study being reported today agrees very similarly with China’s data EXCEPT that it saw “very significant” clinical improvement. We don’t yet have access to the research results themselves, so until we do, there are serious open questions that need to be addressed.

In other news, we’re saddened to report that the warnings we issued weeks ago on food supply insecurity are proving true.

Processing plants are being shut down nationwide. Millions of chickens, cattle and pigs are being culled, their carcasses discarded. And millions of tons of produce is being left to rot. All while food bank demand is soaring from the tens of millions of Americans who have recently lost their jobs.

More voices in the media are now predicting a food crisis ahead. So get going on that garden!

And don’t forget to get your free download of Peak Prosperity’s book Prosper!. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and Adam are now making it available to the world for free.

To download your copy, click here.

The post Coronavirus: Promising News On Remdesivir Drug….Maybe?? appeared first on Peak Prosperity.



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Gerald Celente Just Issued This Major Trend Forecast

On the heels of stocks and crude oil rallying, Gerald Celente just issued this major trend alert.

The post Gerald Celente Just Issued This Major Trend Forecast appeared first on King World News.



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Covid-19: The Mother of All Click-Bait with Jeffrey A. Tucker

from Financial Survival Network

As editorial director at the American Institute of Economic Research, Jeffrey A. Tucker has been writing about the authoritarian response of the government to the Covid 19 crisis. He warned that the lockdowns were coming and he was totally correct. Now he believes that the backlash has begun. People are opening their businesses and resuming their lives without the blessing government. The political backlash is going to be even worse. Anyone who had any role in the lockdown is going to thrown out of office. Good riddance and thank you Jeff for sounding the alarm on these tyrants.

Click Here to Listen to the Audio

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The Bubbles are Bursting Everywhere with Gordon T. Long

from Financial Survival Network

“There are decades where nothing happens and there are weeks when decades happen.” – Vladimir Lennin.

Everything Gordon T. Long and I have been talking about has come to fruition. The size and magnitude of the problem has been grossly understated. Oil companies, state and local government debt. Globally it’s even worse. 50-60 percent of S&P profits are coming out of the global economy. The forward PE is 20, higher than at the peak. Other than the US markets, everyone else’s are imploding. What we’ve seen in terms of monetary and fiscal policy is unprecedented. We’re attempting to bailout the world and it won’t end well. In the next stage we will lose confidence in the government and the currency. You can always count on politicians to print money and then getting it into the right hands. The PPP was a complete scam. The rats are deserting the ship.

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Bankruptcy is a Buy Signal with Nick Santiago (Ep. #24)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:

1. Oil surging today. Positive drug news from Gilead is helping the markets today. The stock has been going back and forth. Potential game changer. Crude is a direct beneficiary if the economy picks up.

2. Earnings are pouring in. last night Google (Alphabet) reported earnings that were better than expected and the stock is sharply higher today so far. This is how the earnings season is going to be. Its all about the market reaction, not the earnings numbers. Tonight, Facebook, Microsoft and Qualcomm report after the close today.

3. Today, Q1 GDP -4.8%, this was somewhat expected. Right now markets are not expecting any positive news from the past. It was already baked into the cake. The charts don’t lie. Dow is already up 450.

4. REITS IYR is going higher according to Nick. It’s trading around 76 and it could hit 85. It’s very diverse so it’s worth keeping track of and finding your particular sector.

5. Tech is looking very toppy. It’s run up way too fast. The companies that have run up during Coronavirus scare should be avoided. Netflix ran up on binge watch rumors. Now it’s peaked. They’ll pull back for future investment. Energy stocks are looking pretty good. Exxon, Conoco. Nick owns BP Calls. Out of the money. Out till October. Pattern is right for major gains.

For more info, go to www.InTheMoneyStocks.com.

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Daily Digest 4/29 – Unemployment Could Hit 20% by June, Millions of Americans Can’t Afford Food or Rent


Economy

White House economist: Unemployment could hit 20% by June (Sparky1)

Kevin Hassett, a senior economic adviser to President Donald Trump, warned Tuesday that the jobless rate in the United States could spike to between 16% and 20% by June.

That would be a startling spike from current levels of 4.4% and would mark the highest unemployment since the 1930s. (Unemployment spiked at 25% in 1933, according to estimates from the US Bureau of Labor Statistics.)

How Las Vegas Became Ground Zero for the American Jobs Crisis (tmn)

“You are pushing people up against a corner,” said Mrs. Anderson. Referring to those in charge of the pandemic response, she added, “They want you to stay home, and you’re doing that, but they’re not helping you financially to keep you afloat while you’re at home.”

She added: “It doesn’t make sense.”

COVID-19 in Quebec: Some businesses will reopen in May, but no return to ‘normal life,’ says premier (Eugenio)

On May 11, all manufacturing companies will also be able to restart activities, but with a reduced workforce. To give workers more space, manufacturers can have 50 employees plus half of their remaining regular staffing work at the same time.

On May 25, those restrictions will also be lifted. At that point, 176,000 people in the manufacturing sector will be back at work, Fitzgibbon said.

Millions of Americans can’t afford food, rent and other basics, report finds (Sparky1)

The cratering economy — which has left an estimated 1 in 6 U.S. workers without a job — is especially hurting younger Americans, minorities and those without a college degree. Twice as many black and Hispanic Americans as whites say they are no longer earning any income, according to new data from NORC at the University of Chicago, a non-partisan research group.

Finally, It Matters What The Fed Can And Can’t Print (CleanEnergyFan)

Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But no one outside our little echo chamber paid attention, fixating instead on what the Fed could print: trillions of dollars that were perfectly fine for buying anything a creditworthy person could want. To paraphrase the old Saturday Night Live skit, “Fiat currency has been berry berry good to me.”

Trump Mocks Man’s Mask at White House as Pence Refuses to Wear One at Mayo Clinic (Boogalula Blasphemer)

The hastily organized White House event, which a limited number of reporters were allowed to attend, also seemed to be part of a new media strategy, intended to give the president an opportunity to cast his response to the crisis as a roaring success without too much scrutiny from the media. Before he took a few questions from reporters, Trump even told the business owners that they were there, in part, to keep the media from being too harsh on him. “I think with you in the room, I have a feeling that they’ll ask me much nicer questions,” Trump said, again speaking the quiet part out loud. “They’ll tone ’em done, right?”

Cooper: ‘Enormous’ 32% tax hike needed to endure Covid-19 crisis (Nashville) (thc0655)

About 45% of that revenue loss will happen between April and June, ending the city’s current fiscal year. To erase that gap, Cooper said he’s saved or reduced $124 million of spending but also had to almost totally drain the city’s remaining reserves — down to a balance of $12 million, which wouldn’t even account for two full days of spending in his proposed $2.48 billion budget.

China Threatens Australia Over ‘Dangerous’ Investigation Into Coronavirus (CleanEnergyFan)

“The parents of the students would also think whether this place which they found is not so friendly, even hostile, whether this is the best place to send their kids here,” Cheng continued (via the Daily Wire). “It is up to the people to decide. Maybe the ordinary people will say ‘Why should we drink Australian wine? Eat Australian beef?'”

Golden Vaccines and Dow to Gold Ratio (GE Christenson)

When your only tool is a hammer, everything looks like a nail.

The Fed’s tools are interest rate policy and monetization of bonds—QE4ever. The economy will be hammered with low rates (already happened) and Fed purchases of Treasury debt, mortgage-backed securities and other debt.

Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’ (tmn)

“There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past,” he told reporters after the bank reported a fall in first-quarter profits.

Staff including investment bankers could work instead from branches as well as other locations, he said.

New drug could cure nearly any viral infection (from 2011, Mark M.)

The drug works by targeting a type of RNA produced only in cells that have been infected by viruses. “In theory, it should work against all viruses,” says Todd Rider, a senior staff scientist in Lincoln Laboratory’s Chemical, Biological, and Nanoscale Technologies Group who invented the new technology.

Because the technology is so broad-spectrum, it could potentially also be used to combat outbreaks of new viruses, such as the 2003 SARS (severe acute respiratory syndrome) outbreak, Rider says.

Modifying Mother Nature to Kill Nasty Viruses (from 2011, Mark M.)

Draco, who wrote Athens’s first constitution in about 620 B.C., decreed that just about every crime should be punishable by death, because that was what petty criminals deserved and he could think of no harsher penalty for serious criminals. “Draconian” means indiscriminate as well as harsh.

Sean Penn’s nonprofit to expand free virus testing sites: “This is right now an active shooter scenario” (Sparky1)

“All of these volunteers are occupying positions that used to be L.A. firefighters on this site,” Pen said. “The L.A. firefighters have skill sets very specific … and we all need them out there on the street. We need the paramedic core. God forbid, there’s a brush fire.”

Penn didn’t just mobilize his team, he often works alongside them. And each night, he gets on a Zoom call with site team leaders to ensure their response is efficient and effective.

Trump orders meat processing plants to stay open (Sparky1)

The administration is also working with the Department of Labor on issuing guidance about which employees who work at these meat processing facilities should remain home, including workers who are part of populations most vulnerable to the coronavirus.

When Trump announced the executive order, he also told reporters that his administration was working with Tyson Foods.

Coronavirus: Belgians urged to eat more chips by lockdown-hit potato growers (tmn)

Since mid-March, restaurants in Belgium and many other markets for potato growers have closed. The cancellation of Belgium’s many spring and summer festivals has added to their woes.

Moreover, the international trade in potatoes has been hit. Belgium is one of the world’s top exporters of potato products, including frozen chips. It sends more than 1.5m tonnes annually to more than 100 countries.

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Renewed Calls to Dethrone the Dollar

Last year, we reported extensively on a push toward de-dollarization by countries like Russia and China and their desire to undermine the ability of the US to weaponize the dollar as a foreign policy tool. Europe was even starting to push to dethrone the dollar as the reserve currency. With the Federal Reserve running the […]

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Alasdair Macleod – This Is Why London Gold Pool II Is On The Verge Of Blowing Up

Today Alasdair Macleod writes exclusively for King World News about why London Gold Pool II is on the verge of blowing up, plus a note from James Turk.

The post Alasdair Macleod – This Is Why London Gold Pool II Is On The Verge Of Blowing Up appeared first on King World News.



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Data Spotlights an Economic House of Horrors

We’re starting to get data revealing just how bad the coronavirus government shutdowns have impacted the economy. One commentator called it a “house of horrors.” But markets have barely shrugged.  There doesn’t seem to be much concern. Peter Schiff said there’s a pass now on economic data. Nobody cares because they just blame it all […]

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Tuesday, April 28, 2020

Coronavirus: Doctors Stunned By Damage Seen Inside The Body

The Covid-19 virus “acts like no pathogen humanity has ever seen”

Yes, it attacks the lungs most; but it also can do severe damage to the heart, blood vessels, kidneys, gut, skin and brain.

Cardiologist Harlan Krumholz of Yale University says it “can attack almost anything in the body with devastating consequences. It’s ferocity is breathtaking and humbling”.

We also now know it has two pathways for infection, the ACE2 receptor (which is found in organs throughout the body) and the CD147 receptor on T-cells (found in the immune system).

The more we learn about covid-19, the more we realize what a formidable foe it is. This knowledge will eventually tell us how to contain and then beat it — but in the near term, it should keep us wary that the virus still likely has more surprises in store for us.

Don’t forget to get your free download of Peak Prosperity’s book Prosper!: How to Prepare for the Future and Create a World Worth Inheriting. Given its relevance to preparing for any kind of crisis, pandemic or otherwise, Chris and Adam are now making it available to the world for free. Click here to get it.

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LINKS IN TODAY’S VIDEO:

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One Of The Greats Just Put Out A Note On Gold

One of the greats just put out a note on the gold market.

The post One Of The Greats Just Put Out A Note On Gold appeared first on King World News.



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Daily Digest 4/28 – The Untold Story of the Birth of Social Distancing, How Do You Reopen A State That Never Closed?


Economy

The Untold Story of the Birth of Social Distancing (Evan G.)

How that idea — born out of a request by President George W. Bush to ensure the nation was better prepared for the next contagious disease outbreak — became the heart of the national playbook for responding to a pandemic is one of the untold stories of the coronavirus crisis.

It required the key proponents — Dr. Mecher, a Department of Veterans Affairs physician, and Dr. Hatchett, an oncologist turned White House adviser — to overcome intense initial opposition.

Many states are far short of Covid-19 testing levels needed for safe reopening, new analysis shows (tmn)

But the new state-by-state review reveals a far more fragmented picture: 31 states and the District of Columbia were doing too little testing last week to identify most infected people in a timely manner. Ten states would need to increase their daily testing totals by at least 10,000 to do so by May 1. New York, for instance, would have to perform more than 100,000 more tests a day, and New Jersey 68,000 more. Nineteen states — all but two in the South or the western half of the country — are already doing enough testing.

Job or Health? Restarting the Economy Threatens to Worsen Economic Inequality (tmn)

State and federal officials have nowhere near the testing capacity that experts say is needed to track and limit the spread of the virus, and there is no vaccine yet. But states are already reopening, urged on by President Trump, who is eager to restart the United States economy.

That push is likely to exacerbate longstanding inequalities, with workers who are college educated, relatively affluent and primarily white able to continue working from home and minimizing outdoor excursions to reduce the risk of contracting the virus.

Reopening states too early will bring deadlier outcomes, coronavirus projection models show (tmn)

One model frequently cited by the White House coronavirus task force has upped its predicted death toll again, this time projecting 74,000 Americans will lose their lives to the virus by August.

The projection was adjusted because of longer peaks in some states and signs that people are becoming more active again, according to Dr. Chris Murray, director of the University of Washington’s Institute for Health Metrics and Evaluation.

An ER doctor who continued to treat patients after she recovered from Covid-19 has died by suicide (Sparky1)

She worked in the emergency department and had been on the front lines for weeks, handling the onslaught of cases, her father said. New York City has been the US’ pandemic epicenter, recording nearly 300,000 cases and more than 22,000 deaths as of Tuesday morning.

Breen contracted Covid-19 and took a week and a half off to recover, but when she went back to work, she couldn’t last through a 12-hour shift, her father said. Still, she felt like she had to get back in there to help her colleagues.

How Do You Reopen a State That Never Closed? (tmn)

But on March 11, the whole state had 14 confirmed cases, all tied to an Egyptian cruise along the Nile sponsored by a local bank. Our local leaders didn’t seem too worried. One county supervisor was on the road with the Bernie Sanders campaign; another left that day for a vacation with his family to New Zealand. Life in Iowa in mid-March felt like watching your toddler walk along the edge of the water. Maybe he’d fall and be okay, maybe he wouldn’t be okay, or maybe he wouldn’t fall.

New York Cautious As More US States Ease Virus Lockdowns (tmn)

Cuomo plans to allow manufacturing and construction to restart in some of the state’s least-affected areas after May 15 as part of a phased reopening.

But for now that seems about it for New York, which has been shut down since mid-March.

Macomb County business raided by the FBI over possible improper COVID-19 treatments (Joe V.)

After talking to staff members off-camera, some believe this is a misunderstanding. They claim the vitamin C is meant to help prevent or shorten the duration.

Dr. Charles Moks, who owns Allure Medical Spa, did a Facebook live video giving an IV-vitamin C treatment for free to a Detroit police officer. In the video, Moks said “What I’m finding in practice — I treat a lot of COVID patients — is that if we catch people early, get them on intravenous vitamin c, they turn around really fast.”

James Howard Kunstler: The Great Conundrum (thc0655)

Which leads to the Great Conundrum of the moment: Reality is telling us that things organized on the gigantic scale are entering failure mode; but so many Americans are employed by exactly those activities organized on the gigantic scale. Or were, I should say. The humungous joint effort by the federal government and its caporegime, the federal reserve, to flood the system with dollars is precisely a desperate effort to prop up the giant-scale activities that defined the prior state-of-things. Those giant enterprises even did an end-run around the truly small businesses that were supposed to get scores of billions in grants, loans, and bailouts so congress is attempting a do-over of that play.

Mark Manson: Nobody Knows What Is Going On (yogmonster)

Let’s start with the first system: the spread of the virus. Despite months of research and testing, we still know very, very little. For example, we know that the virus is highly contagious, but we still have no clue how contagious. Studies pin its R0 number (how many people each sick person goes on to infect) as high as 6.6 and as low as 1.4. For reference, that’s like saying the virus will infect anywhere from 20% of the population to 80%, a range so broad that you might as well pick a number out of a hat.

Pentagon officially releases UFO videos (Sparky1)

“After a thorough review, the department has determined that the authorized release of these unclassified videos does not reveal any sensitive capabilities or systems,” said Gough in a statement, “and does not impinge on any subsequent investigations of military air space incursions by unidentified aerial phenomena.”

The Navy now has formal guidelines for how its pilots can report when they believe they have seen possible UFO’s.

Coronavirus forced a group of teens to sail home across the Atlantic (Sparky1)

The students, aged between 14 and 17, were on a sail/study program around the Caribbean on the “Wylde Swan” two-mast topsail schooner. While they were scheduled to fly home from Cuba last month, restrictions due to the global pandemic put their return journey in major doubt.

Christophe Meijer, the director of Masterskip, the company which organized the program, told CNN: “We decided the best solution would be to sail back with the students to the Netherlands, rather than staying in the Caribbean, with all the question marks there.

The western U.S. is locked in the grips of the first human-caused megadrought, study finds (Sparky1)

Unlike historical megadroughts triggered by natural climate cycles, emissions of heat-trapping gases from human activities have contributed to the current one, the study finds. Warming temperatures and increasing evaporation, along with earlier spring snowmelt, have pushed the Southwest into its second-worst drought in more than a millennium of observations.

Gold & Silver

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