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Samizdat

10 Posts.

07/05/20

04:43

Post #: 44477086
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Originally posted by 1ronnie: ↑

Steal not, print you may have to,...

There's always something wicked about penalising people who do the right things to save those who don't.

Graham Summers
Stocks Retreat… Is It Time to Buy… or Time to Sell?

Posted on May 6, 2020 by The Phoenix
Stocks rallied hard yesterday, but failed to break above resistance (red line in the chart below).

This suggests that the rally is tired and due for consolidation. We have had two similar phases since the markets bottomed on March 31^st-April 6^th, and April 20^th-April 27^th (red boxes in the chart below).

The big question for investors is if this is a buying opportunity or the start of a major drop.
Credit suggests it’s a buying opportunity. As long as high yield credit spreads remain above support (blue line in the chart below), the financial system remains in “risk on” mode.

Outside of stocks, it is clear the elites are planing on introducing extraordinary measures to seize wealth and assets from the middle class.

Consider the following…

The U.S. government intends to issue $3 TRILLION in debt between April and June.

Meanwhile, taxes are collapsing as the economy grinds to a halt… and millions of Americans lose their jobs (ADP reports companies laid off 20 MILLION people in April alone).

So where is the money going to come from to finance all of this insanity?

The IMF is calling for nations around the world to introduce a wealth tax of 10% on NET WEALTH as soon as possible?

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

Expand

What I have been reading is IMF have realised “trickle down effect” through tax cuts to the wealthy has been a failure and what is needed is an increase on higher marginal tax rates.What are the Fed plans to both seize and steal savings?
2 Upvote

0 Great analysis

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First 3549 Last

Its Over, page-3549

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Its Over, page-3549

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Featured News

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