Hey Q is this close to the full 40,000ft?
Artificial Intelligence , and what they “forgot” to tell you !!
If any Anon's choose to watch, watch the full thing before commenting please.
David Stockman on How the Stock Market Got to be Out of Touch with Reality
Both ends of the Acela Corridor have lost their marbles. This year, Uncle Sam borrowed $4 trillion in six months, the Fed printed $3 trillion in three months, and Wall Street drove the S&P 500 to 52X reported LTM earnings in the context of a deeper economic plunge than occurred in the worst quarter of the 1930s.
Therefore, Washington has become disconnected from any semblance of fidelity to sound money and fiscal rectitude, while Wall Street has turned into an outright casino, valuing stocks based on endless Fed liquidity injections and the delusion that momentum chasing is an investment strategy.
With respect to the rampant folly in the Imperial City, Treasury Secretary Stevie Mnuchin has always reminded us of Alfred E. Neuman of “Me Worry?” fame at Mad Magazine. Recently, he more than earned that moniker when, in the context of the current monetary and fiscal lunacy, he proclaimed that, “Now is not the time to worry about shrinking the deficit or shrinking the Fed balance sheet.”
That was the so-called Conservative Party speaking, and it is a shrill reminder that the Trumpified GOP has gone utterly AWOL when it comes to its true job in American democracy, namely, resisting the Government Party (Dems) and its affinity for feeding the Leviathan on the Potomac.
That is to say, according to even the Keynesian deficit apologists at the CBO, Uncle Sam will spend $6.6 trillion during the current fiscal year (FY 2020) while collecting only $3.3 trillion in revenue. That’s Banana Republic stuff—borrowing 50% of every dollar spent.
Yet the advisory ranks of the potentially incoming Kamala Harris regency are even worse. They are loaded with “deficits don’t matter” ideologues and MMT crackpots who noisily argue that massive monetization of the public debt is not just a virtue, but utterly imperative.
Needless to say, this bipartisan commitment to all-in stimulus is financial catnip to the Wall Street gamblers because they are actually capitalizing into today’s nosebleed stock prices, not the present drastically impaired economy on Main Street but a pro forma simulacrum of future prosperity based on the delusional presumption that massive debt and money-pumping actually create economic growth and wealth.
The fact is, industrial production in August posted at a level first achieved in March 2006, and manufacturing output weighed in at levels originally attained in December 2004. So the misbegotten lockdowns and COVID-hysteria have cost the US economy 14–16 years of industrial production growth, yet this massive setback was not caused by some mysterious Keynesian-style faltering of “demand” that can allegedly be compensated for by new Fed credits plucked from thin air.
https://internationalman.com/articles/david-stockman-stock-market-got-to-be-out-of-touch-with-reality/
Victoria’s new ‘Stalinist’ legislation goes against all civil liberties
Sky News Australia
613K subscribers
Sky News host Rowan Dean says the Victorian government’s new “Stalinist” bill will give the same people who ruined hotel quarantine sweeping and unprecedented policing powers.
The Andrews government is expected to introduce the COVID-19 Omnibus Measures Amendment Bill which endows particular public servants with the powers of an ‘authorised officer’ to enforce public health interventions.
The bill – which will last until April 2021 – gives officers the power to detain people whom they perceive to be a high risk person (either with COVID-19 or a close contact) and who refuses to comply with health directives.
Mr Dean said the “mind boggles” at these new sweeping authoritarian powers, especially given that the bill entitles the same public servants who failed with hotel quarantine “the powers to run around arresting people”.
“This is what happens when you have Lefty lunatics running your government and riddled throughout your bureaucracy; this is what you get, disaster after disaster”.
Sky News host James Morrow said it was by no means an exaggeration to label the new bill as an “absolutely Stalinist piece of legislation”.
“It’s shocking that in the wokest, most Left leaning state in Australia, you would have this sort of legislation which goes against all civil liberties, against all due process,” he said.
https://youtu.be/MGo-Qf-iVxw
"Peak" SPAC: Playboy Enterprises Considering Going Public Through Blank Check Company
Just because Playboy magazine no longer exists shouldn't mean that the company shouldn't have access to tap the capital markets in what is becoming the trendiest way on Wall Street: a SPAC.
Playboy Enterprises could be the next company to go public through a blank check company as the company looks to shift its model away from its magazine and onto sexual wellness products, spirits and cannabis, according to the Post.
The deal would come nine years after Hugh Hefner and Rizvi Traverse Management took the company private for $207 million. Hefner died in 2017 and his mansion in LA was divided into parcels of land. His son, Cooper, exited the business last year.
The leading SPAC candidate appears to be Mountain Crest, which has raised about $50 million and is led by Dr. Suying Liu, who is head corporate strategist at Hudson Capital, which is based in Beijing.
The company's CEO, Ben Kohn, said Playboy would stop producing its iconic magazine in March of this year. Playboy remains a "media company" and has a website that carries much of the same content as the magazine did. The company now also focuses on Playboy branded products, including sex gels and CBD sprays.
As the Post notes, "the brand has been losing momentum in the U.S. for awhile now" - which makes it an obvious candidate to go public again.
After all, if the public markets aren't for access to capital and socializing the losses of your cash burning company, what are they for?
https://www.zerohedge.com/markets/peak-spac-playboy-enterprises-considering-going-public-through-blank-check-company
Everyday for a week we've had a variety of slides and you dumbfucks fall for everyone.
I'm leaving my husband
I have no friends accept for you guys
Muh dog died
on and on
……….
……….
FFS this is psych 101 bullshit faggots lift ya fucking game and stop buying into this shit