Inflation fears are starting to subside. One key reason? A push to curb commodity prices. China has already cracked down on commodity buying and trading, akin to the moves made to keep retail investors from buying GameStop (GME) shares back in February. (Spoiler: That’s not working out so well.)
But all the stops are being pulled out. News that Iran’s oil supply could return to world markets (or at least off the black market), has helped keep oil prices from surging even higher. Even news that housing prices could start coming down in the next few quarters was greeted as a sign of declining inflation, rather than with the fear that would normally accompany such news. While most commodities are getting crushed, gold prices continue to tick higher, indicating that this story isn’t over yet.
Now here’s the rest of the news:
China Is Paying Less Than 8% of Tariff Costs. Americans Are Paying the Rest –Eric Boehm,Reason
American consumers are bearing nearly 93 percent of the costs of the tariffs applied to Chinese goods, according to a new report. And it gets worse… [Read Here]
May 27, 2020
I hope you all had a great long weekend and had an opportunity to visit family and become connected with loved ones that have passed on. The open on Tuesday looked so promising going into the cash open, but immediately started wilting and never regained its overnight footing.
It was a unique session in that tech behemoths were lower, and financials shined. As a result, it was a mixed picture on the S&P 500 as it finished 1.23% higher with the VIX also rising on the session.
Now here’s the rest of the news:
#1. In the race for a COVID-19 cure… Maybe this bit of news has been the most unexpected. Scientists believe they’ve uncovered strains of cannabis that could combat the coronavirus. Yes! True. Researchers at Canada’s University of Lethbridge, who have been studying cannabis for about 4-years to determine its possible therapeutic uses, recently decided to test its effects on the potential human body’s response to COVID-19.
Based on what appears to be a very preliminary study, Olga and Igor Kovalchuk – the married pair of scientists who hatched this idea – recently told a few Canadian media outlets that they were “totally stunned” …then “really happy” with the outcome.
#2. Nobody’s talkin’ about it yet. So most Americans still have absolutely no clue what’s actually going on. But what’s happening in D.C., right now will result in the most dramatic Presidential election of our generation…
See, I think the panic we’re seeing, along with the economic turmoil that’s growing, creates an ideal scenario for a Socialist to eventually win the White House.
That’s because when the rich – a very small percentage of the population – get in trouble with debt, it’s an economic problem. But when the poor and middle class – a HUGE percentage of the population – get in trouble with debt, it’s a political problem.
THIS is what the 2020 Election and every election for the foreseeable future will be all about…
So please – pay close attention to what I’m telling you today. (If you’re an American), you have to take action personally to protect yourself from what’s right around the corner. And you have to do it now – today – while the method of saving yourself are still cheap, easy, and legal.
May 27, 2019