"We recently received a job application with the email subject, “I am young, but good at investments” from a 13-year-old who purports to have quadrupled his money since February." - David Einhorn
...this is the same regulatory agency that has sat idly by and watched one Tesla on Autopilot after another wreak havoc on city streets and highways, sometimes resulting in fatal consequences.
1.2 million deaths worldwide sounds like a big number and on its own you can use it to club “Covidiots” into silence, that is, until you actually look at it...
The K-shaped recovery has helped the fortunate remain relatively insulated from the pandemic but the financial bubble is set to burst. And none of this even hinges on the complacent pricing around the U.S. election risks.
"... a Biden win means higher taxes and more regulation. That’s bad for the market... we got a small taste Monday of the downside that’s coming in the US stock market."
The Labor Differential improved to 6.6 (jobs are easier to get) - its highest since March - but plans to buy cars and major appliances slumped (homes rose modestly) as expectations for income gains in the next 12 months dropped.
