Cocaine from Colombia supplies most of the U.S. market, and most of that supply now passes through Mexico, with Mexican drug traffickers the primary wholesalers of cocaine to the United States.
Gold is the ultimate store of value, as it’s the only globally accepted financial asset without counterparty risk, and it has preserved its purchasing power throughout history. In the long-term, the stability of gold’s value is unparalleled.
The collapse in short exposure of more than 206K contracts was the third biggest on record, and was surpassed only by two short-squeezes observed right around the time of the great quant crash in the summer of 2007.
Public health systems will be better positioned to manage the second wave. Testing and tracing capacity are ramping up, the authorities are more attuned to potential strains on medical equipment and services, and they will stockpile supplies.
The angry and the demonstrating are loud and visible; their opponents are angry and quiet... The election will reveal not just who is more numerous -- but sadly also who is the angriest.
...the Fed looks increasingly bustedin trying to defend this market without being able to prevent what the banks and bond market are already signaling: We’re staring at the prospect of a protracted downturn.
