The Target discount store chain saw sales ramp up 10.8 percent in its quarter ending 2 May, with online sales soaring 141 percent, compared to a gain of about 1 percent at brick-and-mortar outlets. Sales spiked as consumers stocked up on staples when the economic shutdown began, then spent more freely on electronics and clothing...
Author: support
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SPREADING FEAR, IGNORING FACTS
Since January, citizens around the world have been subjected to fear-inducing headlines about COVID-19, the beginning of its spread outside China: “New coronavirus may be much more contagious than initially thought” – New Scientist, 27 January “The COVID-19 Coronavirus Disease May Be Twice As Contagious As We Thought” – Forbes, 7 April “Coronavirus may...
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“WE THE PEOPLE” MUST PAY FOR FED MONEY PUMPING
Taxpayers are liable for the Fed’s $6.98 trillion in loans. Each of the 12 banks that make up the U.S. Federal Reserve System are owned by member banks in the region of its jurisdiction. Unlike corporations for which stockholders are on the hook to pay for corporate losses, taxpayers – not member banks – will...
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LOW BOND YIELDS = DANGER AHEAD
Yields on 10-year U.S. Treasury notes have been stuck around 0.66 percent, not far from their mid-March historic low of 0.5 percent, indicating that investors foresee a gloomy economic future. The yield now is near half of its previous historic lows. The low yield on long-term debt signals that investors see the treasury buying bonds...
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COVID RULES & REGULATIONS: POLITICIANS MAKING THEM UP AS THEY GO
Finally, a medical expert has admitted what virtually all political leaders and the health officials they parade out to support their lockdowns try to hide. Commenting on the proposal to continue banning large public gatherings well into the autumn, Dr. Hendrick Streeck, a renowned German epidemiologist, said, “We are all conducting experiments in our countries...
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PARABOLIC DEBT: THE FED’S ANSWER
by Gregory Mannarino The cries from members of Congress continue to get louder: “More debt please!” With the U.S. economy remaining in this nonsensical, politically-motivated central bank “lockdown,” with almost no end in sight, the answer is emphatically, “Yes!” These Congressional numbskulls seem to believe that borrowing more from the Federal Reserve is the answer....
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NOTES FROM THE FRONT LINES
World Economic Outlook Worsens Warns IMF. The world’s economic outlook has darkened since mid-April, the International Monetary Fund says. A month ago, the IMF forecast a global economic contraction of 3 percent this year, with developed countries’ GDPs shrinking 6.1 percent and those in emerging nations 1 percent. The forecast also said that emerging nations...
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ASIA
Japan’s Economy in Recession. Japan’s economy, the world’s third largest, has seen two consecutive quarters of contraction and is now in its first recession since 2015. The economy shrank by 7.3 percent in 2019’s final quarter and again by 3.4 percent in the first three months of this year, with exports down 6 percent. The...
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