What The Boom In Fraud Says About The Current Market Environment, Part 2

Authored by Jesse Felder via TheFelderReport.com,

Just about three months ago, I wrote ablog postwhich featured this quote, from Charles P. KindlebergersManias, Panics and Crashes: Swindles are a response to the appetite for...

https://www.zerohedge.com/markets/what-boom-fraud-says-about-current-market-environment-part-2

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"The Staffing Shortage Is Real" - Manhattan Restaurants Struggle To Hire As Millions Paid Not To Work

Long-suffer NYC restauranteurs may have been tempted to celebrate when Mayor Bill de Blasio announced yesterday that the Big Apple would "fully reopen" on July 1. But just as the problem of COVID-...

https://www.zerohedge.com/markets/manhattan-restaurants-struggle-hire-servers-too-many-workers-get-paid-stay-home

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Victoria "F*ck The EU" Nuland Is Now Highest-Ranking Member Of US Foreign Service

Authored byRick Rozoff via AntiWar.com,

On Thursday the USSenate confirmed Victoria Nuland as Under Secretary of State for Political Affairs, which has been described as the fourth most important position in the ...

https://www.zerohedge.com/political/victoria-fck-eu-nuland-now-highest-ranking-member-us-foreign-service

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Berkshire Profit Soars As It Sells Others, Buys Back Its Own Stock

Over a decade into the biggest metaphorical massacre of value investors by the Federal Reserve (which sadly was also literal in the case of Charles de Vaulx, a renowned value investor and co-founder of International Value Advisors...

https://www.zerohedge.com/markets/berkshire-posts-near-record-operating-profit-amid-2nd-highest-stock-sales-5-years

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Rates Can Still Come Down Some Even As The Reflation Trade Continues

Authored by Bryce Coward via Knowledge Leaders Capital blog,

Last weekwe wrotehow interest rates may have room to come down a bit before ultimately heading higher later this year and into next year. This line of thinking was ...

https://www.zerohedge.com/markets/rates-can-still-come-down-some-even-reflation-trade-continues

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One-Third Of Basecamp Employees Quit After Ban On Political Discussions At Work

Roughly one-third of employees at Basecamp are quitting after the company instituted a 'controversial' ban on wokeness in the workplace, according to TechCrunch.

After CEO Jason Fried announced in a Monday blog post ...

https://www.zerohedge.com/political/one-third-basecamp-employees-quit-after-ban-political-discussions-work

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McConnell Urges Biden Administration To Drop "Divisive, Radical" 1619 Project From Grant Programs

Authored by Tom Ozimek via The Epoch Times,

Thirty-seven Republicans led by Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday penned a letter to Education Secretary Miguel Cardona urging him...

https://www.zerohedge.com/political/mcconnell-urges-biden-administration-drop-divisive-radical-1619-project-grant-programs

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Senate Intelligence Leaders Say Mystery Sonic Weapon Attacks On US Officials Increasing

After it was revealed Thursday that US intelligence is investigating at least two potential "directed energy" sonic attacks on White House personnel - one of which is alleged to have happened just ...

https://www.zerohedge.com/political/senate-intelligence-leaders-say-mystery-sonic-weapon-attacks-us-officials-increasing

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Biden Unveils New Strategy For North Korea & Wants You To Know It's "Not Trump's"

On Friday the Biden administration announced the completion of its major review of US policy toward North Korea, which revealed deep White House pessimism toward prior Trump efforts to strike a "grand bargain" with ...

https://www.zerohedge.com/political/biden-unveils-new-strategy-north-korea-wants-you-know-its-not-trumps

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Niall Ferguson: How Ike's 1950s America Beat The 'Asian Flu' With Science & Common Sense

This essay is adapted from Mr. Fergusons new book, Doom: The Politics of Catastrophe, which will be published by Penguin Press on May 4. He is a senior fellow at the Hoover Institution at Stanford University...

https://www.zerohedge.com/covid-19/niall-ferguson-how-ikes-1950s-america-beat-asian-flu-science-common-sense

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California To Offer Early Release To Over 63,000 Violent Felons

California Gov. Gavin Newsom is giving 76,000 inmates - 63,000 of which are violent and repeat felons - the chance to leave prison early, allowing inmates with good behavior to shorten their sentences by 1/3 instead of the 1/5 ...

https://www.zerohedge.com/political/california-offer-early-release-over-63000-violent-felons

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A Record 34% Of All Household Income In The US Now Comes From The Government

Following today's release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a jump in personal spending, offset by a record surge in ...

https://www.zerohedge.com/economics/record-34-all-household-income-us-now-comes-government

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"Our Warplanes Can Reach Iran": Israeli Intelligence Minister Vows War If "Bad Deal" Reached In Vienna

A topIsraeli intelligence officialhas warned that if the end result of the Vienna talks is a return to the JCPOA nuclear deal, then war between Iran and Israeli will very likely follow.

...

https://www.zerohedge.com/geopolitical/our-warplanes-can-reach-iran-israeli-intelligence-minister-vows-war-if-bad-deal

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Majority Of US Companies Will Require Workers To Provide Proof Of Vaccination

It looks like American colleges won't be alone in making vaccination mandatory for any students who want to return to campus next semester. Despite the White House's determination that vaccination shouldn't be mandatory ...

https://www.zerohedge.com/markets/majority-us-companies-will-require-workers-provide-proof-vaccination

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US Intelligence Tells CongressChina's Nuclear Arsenal "On Track To Exceed Our Previous Projection"

A hearing held by the Senate Armed Services Committee this week on the range of threats the United States faces globally focused on China and Chinese leadership viewing US power as "declining" while ...

https://www.zerohedge.com/geopolitical/us-intelligence-tells-congress-chinas-nuclear-arsenal-track-exceed-our-previous

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"His Womanizing Was Well Known": Flood-'Gates' Open As Biographer Details Microsoft Founder's Salacious Past

Before Bill Gates was known as an elitist nerd masquerading as a leading vaccine expert, the Microsoft co-founder was a hard-partying womanizer who recruited local strippers to attend naked...

https://www.zerohedge.com/political/his-womanizing-was-well-known-flood-gates-open-biographer-details-microsoft-founders

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States Urge Facebook To Abandon Plan For Children's Instagram

Authored by Janita Kan via The Epoch Times,

A bipartisan coalition of attorneys general is urgingFacebookto abandon its plans to create a platform for children under the age of 13.

The attorneys general sent a letter to Facebooks CEO ...

https://www.zerohedge.com/technology/states-urge-facebook-abandon-plan-childrens-instagram

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Watch: Sen. Paul Shreds Fauci Over 'Gain-Of-Function' Funding

Senator Rand Paul (R-KY) went to town on Dr. Anthony Fauci Tuesday during a Tuesday hearing in front of the Health, Education, Labor and Pensions committee.

Paul alleged that the National Institutes of Health (NIH) had used a middle-...

https://www.zerohedge.com/political/watch-sen-paul-rips-fauci-over-gain-function-funding

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The Worker Shortage In New Jersey Is Getting Ridiculous

New Jersey 101.5 talk show host Dennis Malloy, via NJ101.5

You've no doubt seen help wanted signs in store windows all over New Jersey.

At a local garden center this weekend the guy helping me find stuff and checking me out looked a little ...

https://www.zerohedge.com/economics/worker-shortage-new-jersey-getting-ridiculous

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Hedge Funds Descend On Puerto Rico As Biden Tax Threat Looms

With President Biden and the Democrats on the warpath to separate the richest Americans from their income, hedge funds managers are starting to expand into Puerto Rico - leaving open the possibility of relocating to the island to obtain ...

https://www.zerohedge.com/economics/hedge-funds-descend-puerto-rico-biden-tax-threat-looms

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Penn State Administrator Who Failed To Report Sandusky Sex Crimes With Minors Received $330,699 Public Pension

By Adam Andzejewski of OpenTheBooks.com, submitted by RealClearPolicy.com,

In 2001, Gary Schultz was Penn States senior vice president for finance and business when he was told that ...

https://www.zerohedge.com/markets/penn-state-administrator-who-failed-report-sandusky-sex-crimes-minors-received-330699

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Le Pen Warns Macron "Danger Of Civil War" Looms If He Doesn't Handle Islamist Problem

The French government and much of the public has reacted with outrage after another open letter issued by military personnelhas warned that France is headed for "civil war" if it doesn't handle its Muslim ...

https://www.zerohedge.com/political/le-pen-warns-macron-danger-civil-war-looms-if-he-doesnt-handle-islamist-problem

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Amazon Wins Appeal Overturning $300M EU Tax Bill In Latest Defeat For Vestager

Amazon has just scored a major victory in Europe's second-highest court that mirrors Apple's recent tax victory in Europe.

The American tech giant on Wednesday saw a 250 million ($300 million) tax bill assessed by the ...

https://www.zerohedge.com/technology/amazon-wins-appeal-overturning-300m-eu-tax-bill-latest-defeat-vestager

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Gold Is Right

Authored by Jim Rickards via The Daily Reckoning,

Is the gold skid over? There are encouraging signs that the answer is yes. And, thats great news for patient gold investors (especially those who bought the lows, as I recommended to my subscribers a few weeks ago).

First, some ...

https://www.zerohedge.com/markets/gold-right

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"I'm Not At All Excited": China's Digital Yuan Is Turning Into A Giant Flop

It was supposed to be the biggest threat to the reserve status of the dollar (China's denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the "...

https://www.zerohedge.com/markets/im-not-all-excited-chinas-digital-yuan-giant-flop

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Doug Casey: Why Modern Monetary Theory Will Destroy Money...

Via InternationalMan.com,

Modern Monetary Theory (MMT) centers around the notion that the economy in general, and money in particular, should be the creatures of the State.

Its not a new idea the meme has been around in one form or ...

https://www.zerohedge.com/economics/doug-casey-why-modern-monetary-theory-will-destroy-money

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Meituan's CEO Sees Billions Wiped Out Over An Innocuous Thousand-Year Old Chinese Poem

A seemingly innocuous post on an obscure social media platform bya Chinesebillionaire CEO has sent shockwaves through the country's tech industry, and costfood delivery giantMeituan many billions in a mere few ...

https://www.zerohedge.com/economics/meituans-ceo-sees-billions-wiped-out-over-innocuous-thousand-year-old-chinese-poem

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Buffett's Refusal To Split Berkshire Stock Is Creating A 'Y2K-Like' Problem For Nasdaq

After years of lackluster performance, Warren Buffett's Berkshire Hathaway has seen its Class A shares climb 20% so far this year, bolstered by the reflation trade that has sapped tech stocks. But Buffett's old-...

https://www.zerohedge.com/markets/buffetts-refusal-split-berkshire-stock-creating-y2k-problem-nasdaq

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Goldman Announces Formation Of New Crypto Trading Desk

2018 was not a good year for bitcoin, and for cryptos in general: after hitting an all time high of (only) $20,000 in December of 2017, much of the remainder of 2018 was spent with the crypto bubble deflating, with early crypto investors first...

https://www.zerohedge.com/markets/goldman-announces-formation-new-crypto-trading-desk

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Tesla Admits Its Still "Firmly In Level 2" Autonomy, Won't Have Full Self Driving By Year's End

Elon Musk said in January of this year that he was"highly confident [a Tesla] will be able to drive itself with reliability in excess of human this year."

To many of us, we knew it was nonsense. Musk ...

https://www.zerohedge.com/markets/tesla-admits-its-still-firmly-level-2-and-wont-have-full-self-driving-years-end

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