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  1. I was reading something the other day where the author was claiming that once 1800 was breached, there would be a bit of a short squeeze propelling gold higher.
  2. I don't think so. Nations seemed to reach some consensus at the last Davos meeting on Central Bank Digital Currencies (CBDC) and are tasking their respective central banks to develop their own CBDCs.
  3. IIRC diving boards require certain dimensions on depth and length of deep end. You have to have a pretty big pool to install one. We just got a fake boulder on the deck for kids to jump off. Worked fine for our needs.
  4. To be successful at the game of musical chairs, you have to act immediately when the music stops. Recognizing when the music stops is kind of an important facet of playing the game. Pursuant to my previous post in the thread... https://wolfstreet.com/2020/06/22/plot-thickens-on-end-of-qe-start-of-shedding-assets/
  5. More: https://www.bloomberg.com/news/articles/2020-06-21/a-buy-everything-rally-beckons-in-world-of-yield-curve-control The US financial markets are entirely owned by the Fed now. A small group of people decide winners and losers. Rules, logic, "sound investment strategies" really have no bearing in our financial markets.
  6. How many Gerald Goines are there in police departments around the country? I figure bare minimum at least one in every major metro area. Realistically, I suspect more than that. The system isn't going to root them out. The system needs structural change before that will happen. Every time I read a news bit about someone advocating "more training" as a solution, I get mad. The speaker doesn't get it. The media promoting that message doesn't get it. There is more going on here than just "bad apple incidents of racist rage".
  7. Doom Patrol is available on Netflix?
  8. FYI folks... The Fed's balance sheet report yesterday claims the balance sheet actually shrunk $74B over the last week. More: https://wolfstreet.com/2020/06/18/fed-ends-qe-total-assets-drop-liquidity-injection-ends/
  9. https://www.marketwatch.com/story/powell-testifies-to-senate-on-economic-outlook-live-blog-2020-06-16 Uh huh.
  10. Describes the CR to a large extent. [serious]
  11. See also: https://www.surlyhorns.com/board/index.php?/topic/177-markets-still-falling-like-whoa/&do=findComment&comment=2268859
  12. * bump * The Fed is trapped by their ZIRP policy. They can't let the zombie companies fail en masse or the banks and whole financial system might collapse. For context, see: Emphasis is mine: https://www.thestreet.com/mishtalk/economics/feds-new-program-will-buy-junk-bonds-with-7-1-leverage
  13. Sony has not released price info yet. Undercutting xbox at ps4 launch worked great last go 'round. Hope they do it again.
  14. Yeah, that's the problem with the Fed's ZIRP. It's created a massive bubble of "zombie companies" that should have died (gone bankrupt) a long time ago. But the undead were given unlife by cheap corporate debt. I talked about this subject in my zombies thread.
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