"Market valuations are entirely fabricated - or synthetically generated - by all the central bank liquidity and do not reflect fundamentals of the securities that they represent."
"The COVID-19 pandemic isn't just a public health emergency; it's also an economic crisis that is hitting small and medium-sized businesses exceptionally hard."
At the moment, we struggle to find a time when the outlook for future stock market returns has ever been shoddier... Make of it what you will... Just recognize you’re merely drawing lots.
"15 different bank accounts associated with Maxwell from 2016 to the present with balances ranging from hundreds of thousands of dollars to more than $20 million..."
“Simply put, defendants' claim that 'Liberty Brings Back its Students, and Coronavirus, Too' was made up. Their claim that Liberty 'Reopened, and Students Got Sick' was made up..."
"Yet the US retail data show that if you want a strong, domestic-led upturn all you need to do is put more money in the pockets of poorer people – and they will spend most of it ASAP."
"We now see higher risk of a market correction, considering the improvement in hard economic data we have seen over the past couple of months is likely to halt."
Names like Paulson, Einhorn, Druckenmiller, Bacon, Tudor Jones and Soros could all see an added layer of opacity to their holdings as a result of the SEC's proposal to limit Form 13F filers...
While almost all metropolitan statistical areas have seen an increase in job applications, Miami, Las Vegas and Baltimore have seen the largest surge in applications this May.
... it is both interesting and distressing that supporting the gold standard runs the risk of making one a persona non grata, even in supposedly pro-market circles...
