Gundlach, Who Correctly Called The 2016 Presidential Election, Predicts Trump Will Win Again

Gundlach, Who Correctly Called The 2016 Presidential Election, Predicts Trump Will Win Again Tyler Durden Tue, 08/11/2020 – 23:05 Back in early, DoubleLine’s Jeff Gundlach made a prediction that was viewed as anathema in “serious” circles: he said that Donald Trump would win the 2016 presidential election. And much to the chagrin of all his “serious” colleagues, he was proven correct which is why earlier today we said that the one thing we were most curious about from Gundlach’s latest webcast was who he thinks would win this time around. Well, we got the answer, and once again if Gundlach[…]

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Precious Metal Pummeling Continues In Early Asia Trading

Precious Metal Pummeling Continues In Early Asia Trading Tyler Durden Tue, 08/11/2020 – 22:45 As Bloomberg’s Mark Cranfield noted this evening, small reversals are just not gold’s style after a major advance (typically somewhere between a 15% and 20% drop is more common), and the selling pressure on precious metals has continued as Japan and then China opens this evening with Silver futures back at a $23 handle and Gold futures back below $1900. Sending the gold/silver ratio soaring… After finding support at 2017 lows… As Peter Schiff noted earlier: Nothing goes up every single day, and gold and silver[…]

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Tucker: We Need A Principled Anti-Lockdown Movement

Tucker: We Need A Principled Anti-Lockdown Movement Tyler Durden Tue, 08/11/2020 – 22:05 Authored by Jeffrey Tucker via The American Institute for Economic Research, Shell-shocked is a good way to describe the mood in the U.S. for a good part of the Spring of 2020. Most of us never thought it could happen here. I certainly did not, even though I’ve been writing about pandemic lockdown plans for 15 years. I knew the plans were on the shelf, which is egregious, but I always thought something would stop it from happening. The courts. Public opinion. Bill of Rights. Tradition. The[…]

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University Of Georgia Suggests “Wearing A Face Mask” During Sex

University Of Georgia Suggests “Wearing A Face Mask” During Sex Tyler Durden Tue, 08/11/2020 – 21:45 Just when you thought all universities were good for was churning out uninformed Marxists, the University of Georgia breaks that stigma by offering up some groundbreaking sexual health advice in the midst of the coronavirus pandemic.  The University had written a section called “Covid-19 Considerations” on its University Health Center website several days ago, but the document was pulled down after the university was subjected to ridicule for its content, which actually suggested “wearing a face mask during sex.” “Heavy breathing and panting can[…]

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Pennsylvania Is Playing Politics With Drug Rationing

Pennsylvania Is Playing Politics With Drug Rationing Tyler Durden Tue, 08/11/2020 – 21:25 Authored by Zachary Yost via The Mises Institute, “Never let a crisis go to waste,” the old adage goes, and the coronavirus fiasco has demonstrated this principle in action more times than one can count. From declarations of veritable society-wide house arrest to crazed government spending and monetary policy, there has been no shortage of opportunistic actors working to live out their dreams of power and dominion over others that “normal” times would not allow. Another such instance of gleeful advantage taking has come to light in the form[…]

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Mississippi School Reopens Only To Send 100 Students Home When Teacher Appears Sick

Mississippi School Reopens Only To Send 100 Students Home When Teacher Appears Sick Tyler Durden Tue, 08/11/2020 – 21:05 School districts across the nation are on edge now that we’re entering mid-August into September, when K-12 schools typically open. And during more normal times Fall sports like football are already in full swing in terms of practices, which in some places, for example in most parts of Texas, appears to be resuming as normal. Many districts especially in the South are offering an ‘online option’ especially for middle through high school students while simultaneously opening their doors, albeit with strict safety measures[…]

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Commercial Real Estate Bankruptcy Legislation Introduced

Commercial Real Estate Bankruptcy Legislation Introduced Tyler Durden Tue, 08/11/2020 – 20:45 Two weeks ago we reproted that “in an uprecedented move, Congress proposes taxpayer-funded bailout Of $550 billion CMBS industry.” And now this: according to Chain Store Age, legislation has been introduced that would make “meaningful” temporary changes to bankruptcy laws, related to commercial real estate. The bill, introduced by Sen. Thom Tillis (R-NC) and supported by the International Council of Shopping Centers, would allow for the facilitation of commercial tenant rent deferrals and providing additional flexibility for small business tenants that file Chapter 11 bankruptcy. “The legislation will[…]

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“The Greatest Pull-Forward In History”: Why This Recession Is Different, Similar, & Worse

“The Greatest Pull-Forward In History”: Why This Recession Is Different, Similar, & Worse Tyler Durden Tue, 08/11/2020 – 18:45 Authored by Eric Basmajian via EPBMacroResearch.com, The COVID recession resulted in the most significant “pull-forward” of income growth in modern history. An unprecedented amount of debt was used to plug a record output gap. This recession is different because income growth increased as opposed to declined. The similarity comes from the use of debt capital to blunt the negative impact of deflation. The outcome of the recession will ultimately be worse as the level of public and private indebtedness has breached[…]

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Shares Of Jimmy Lai’s Newspaper Soar As Hong Kong Vows To “Fight On” Against CCP Crackdown

Shares Of Jimmy Lai’s Newspaper Soar As Hong Kong Vows To “Fight On” Against CCP Crackdown Tyler Durden Tue, 08/11/2020 – 18:25 Hong Kongers are literally using the financial markets, considered the beating heart of the global capitalist system, to fight the nominally “Communist” rulers in Beijing. One day after Hong Kong police arrested media Tycoon Jimmy Lai, who holds British citizenship as well, the stock of Next Digital, Lai’s media company which owns Apple Daily, HK’s most popular daily newspaper, and a frequent thorn in the side of the CCP. After arresting Lai in April over allegations he fueled[…]

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Taibbi: The New Puritans

Taibbi: The New Puritans Tyler Durden Tue, 08/11/2020 – 18:05 Authored by Matt Taibbi via taibbi.substack.com, In 2011, Alex Morse looked like a progressive star. At age 22, he’d become the first openly gay mayor of Holyoke, Massachusetts, was the youngest person ever to hold the office, and soon after became the first Bay State mayor to endorse a recreational marijuana ballot initiative. Bright, quick, and with a sense of humor, he appeared headed places. His announcement last year that he was running for congress against Richard Neal, the House Ways and Means committee chair and a master collector of[…]

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