Covid 19 deaths in US: Is The Media telling the Truth

Covid 19 deaths in US: Is The Media telling the Truth

Consider the following data and decide for yourself

  • Over 22K people will die today from hunger; this is probably one of the most horrible of ways to die

  • 110K have died so far from this year’s flu, and roughly 650K die a year from respiratory-related diseases

  • 70K mothers have already died this year giving birth

  • They have been over 242K suicides this year

  • 1.7 million children under the age of five have died this year http://bit.ly/32wVaQA

  • 1.25 million people die every year in road crashes https://bit.ly/2vId4UJ

  • more than 270K pedestrians die each year https://bit.ly/2QEW7BN

  • 88K will die from alcohol-related causes only in the USA https://bit.ly/2QEW7BN

  • 22K Brits will die because of prescriptions mix-ups https://bit.ly/2QDMm6U

  • Between 250K to 440K will die as a result of medical errors in America https://cnb.cx/33DF9cg

  • two decades worth of analysis reveals that over 100K Americans will die because of taking prescription drugs. A recent study states that the figure is close to 128K. https://bit.ly/39cYtOw

  • This article from the NCBI database states that 100K Americans died as a result of medical errors, and it’s dated 1999. https://bit.ly/3dxoRGy

  • 68.5K Americans died from drug overdoses in 2018 https://cnn.it/2xhpEL6

We have not mentioned Cancer, smoking and cardiovascular diseases, all of which kill millions per year. What about the innocent children dying every day? They don’t matter. What’s shocking is that the other viruses that were deadlier did not even receive the same amount of attention. When all the above data is taken into consideration, the COVID 19 deaths in the US, while serious is nothing we should be panicking over.

Don’t focus only on the number of deaths but look at the mortality rate and then compare it to that of COVID-19.

Let’s take a closer look at the situation in the U.S. and New York

USA and world COVID data

The U.S. is finally ramping up testing, and hopefully, every state starts to open up drive through testing centres like N.Y. New York finally decided to emulate South Korea. Based on the above figures, the overall death rate for the U.S. across all age groups is 3 percent, a far cry from the gloom and doom all the self-appointed experts have been laying out. Several thousand children under the age of five will die today, and yet no one declares an emergency for those poor children who are completely defenceless.

Let’s zoom in to New York the epicentre USA only COVID data

Given all doom and gloom projections, the death rates in California should be higher than in New York. New York is an anomaly because the Governor and the mayor were asleep at the wheel and a large number of deaths were reported from nursing homes. However, despite over 670K individuals in California being infected with COVID, the mortality rate is only 1.8%. The overall death rate across of all age groups in South Korea now stands at 1.7% based on the latest data obtained from worldmeters.com and it’s quite comparable to that of California.

interesting COVID data table

So pray do tell, where do these experts, including the governor and mayor of NYC, get off by issuing such gloomy forecasts. Taking action is one thing but fostering an atmosphere that is driven by fear is not the way to deal with such a situation.

China has ended the lockdown so that has to be viewed through a bullish lens and they continue to spray neighbourhoods with disinfectants to knock out the coronavirus. Even Indonesia is doing this, and we suspect a host of other nations will follow suit. Why are America and the rest of the West not adopting a similar strategy? It seems that Asian countries are leading the way in terms of taking a novel approach when it comes to dealing with this virus.

https://bit.ly/2JaCHR5

https://bit.ly/3dpkCN2

https://bit.ly/2wzdfSG

None of the data at hand supports the outrageous claims many officials and experts are putting forth. While the COVID 19 deaths in the US are trending upwards, they don’t even come close to matching the death rate of cancer, smoking, cardiovascular-related deaths, etc.

New York City, which is now the epicentre for America, has a remarkably low death rate. The media and duly elected officials should be broadcasting this information all over the place, to show the crowd that there is a light at the end of the tunnel. However, they seemed fixated on broadcasting only one side of the picture.

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Stock Market Update

Stock Market Update Service

Stock Market Watch is our most popular and oldest stock market update service. As numerous upgrades and 2 upgrades are sent out through email.

 Market Update Service

1) Each couple of two comprehensive updates are shipped out; one around the centre of this month and the next near the end of the month. In between, as many upgrades necessary are routed out.

2) Every problem includes the industry comment segment. Within this part, the management, the tendency and the arrangement of this market are analyzed.

3) At least 5-10 brand new plays are issued in every upgrade………. The performers fall under these categories. To learn more, click on some of the classes below.

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4) Our proprietary indices are updated each time deemed necessary. For information on these proprietary, see please here. Bonus for Joining now additionally, we provide an amazing bonus known as the safety centre. We give you the ability. Imagine being able to browse the internet. Don’t be duped. The majority of the services leak facets of your IP address out. This is called IP flow and high-cost charges. The support we’ll advocate is anonymous, with no IP escape.

About what’s given in the security centre for details, please click here. In our view, this is priceless as you’re supplies you with ways to completely reclaim your privacy and maintain it like that. The best of 95% of these tips will cost you, and the remaining 5 percent along with nothing endure a very moderate price. For complete details on the service, click on Stock Market Watch: Tactical Investor Past Calls

Stock Market Update: Fintech

Fintech is a mix of the words”fund” and”engineering,” and it is a broad category that includes businesses that employ new technologies to financial companies. Businesses that develop electronic solutions could be regarded as run and as might build payment software.

The possibility of fintech is really exciting. Even following the payments area in the last couple of years increase, the vast majority of payment arrangements around the globe are done in money. And though banking associations that online provide fee arrangements and interest rates which are far greater than those of banks, nearly all consumers utilize banking due to their needs.

As stated, fintech is a wide term that describes some firm that applies technology into the area of finance. There are various kinds of businesses which fall beneath the umbrella that is fintech. Merely to name a couple: Payment processing Online and mobile banking peer-to-peer and Online (P2P) creditors Person-to-person obligations Financial applications Fiscal services over the last several decades, Square (NYSE: SQ) has evolved out of a means for retailers to accept credit cards with their cell phone to a large scale small-business and respective financial ecosystem.

Possibly Square’s most fascinating portion is its own Money App, with 24 million active users going to infinite capability and 2020 to build its own service offerings out.

 

Emotions shouldn’t be involved in the Stock Market Update

Most of us know we shouldn’t mix our minds with a bull stock market, but that’s exactly what we risk doing if we concentrate on operation over five or fewer years. Given that this bull market is about to enter its sixth season, it’s a fantastic bet that a number of the best consultants in the preliminary performance positions only look like geniuses. 1 way to mostly eliminate the use of fortune is to focus on a whole market cycle — one that includes a bear market. Performance advisers have been focusing on functionality for years because they encircle both the current bull market but also the worst bear market since the Great Depression.

Their annualized returns range from 9.7% to 16.7%, versus 6% to the dividend-adjusted S&P 500 index. Note that because the majority of the performers over this period try to maintain their version portfolios nearly fully invested in any way time, they can be expected to suffer big losses during a bear market. However, if the future resembles the past, come out ahead of those who take part in market time — and they can create more during other occasions to more than make up for these losses.

 

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Stock Market Quotes and Sayings

Stock Market Quotes and Sayings

Warren Buffett usually has produced a lot of great stock market quotes in regards to the discipline of investing; his own guidance concerning purchasing and selling real stocks isn’t always sage. He’s made two errors; IBM he got at the very top and outside in the base and he jumped to Apple in the time and proceeded to heap in because the stock dropped. But generally, when he doesn’t venture into technology stocks, his record appears to be pretty great, provided one is prepared to maintain these investments for a lengthy period When investors get too scared or too greedy, they sometimes hide behind the idea that. It is always distinct in the brain of the masses, but in fact, its the exact same old story.

That’s the reason why the masses are on the side of this marketplace and never triumph. Mass psychology says that you ought to purchase when the masses market with they’re euphoric and fear.

Insight to Buffett’s successful investment mindset

“Don’t take annual results too badly. Rather, focus on five-year averages” “Turnarounds rarely turn.”

“2 super-contagious ailments, greed and fear, will permanently happen in the investment area. The timing of those epidemics will be unpredictable. Risk comes from not understanding what it is you’re doing.”

On endurance, in 3 cases “It is much better to buy a superb company at a good price, than a fair company at a great price.” Warren Buffett has contributed several insights through time into what is needed to be a successful investor.

We will discuss a few of those quotations and words of knowledge now:

“If Berkshire purchases common stock, we approach the trade like we’re buying into a personal business enterprise.”

“Accounting effects don’t affect our functioning or capital-allocation decisions. When acquisition prices are alike, we prefer to buy $2 of earnings which aren’t reportable by us below normal accounting principles compared to buy 1 of earnings which are reportable.”

Buffett Stock Market Quotes On being clever and being powerful …

By investing in an index fund, the know-nothing investor could actually outperform many investment professionals” My take on such an issue: If you need above-average consequences with below-average dangers, make periodic investments in index funds and leave the money there until you want it.”

Now let us consider some other Warren Buffett stones which has his ideas on the worth of value investing, the non-value of forecasts, after the herd, the tarnish of gold as an investment, and much more. Buffett in Identifying New Investment Opportunities says investors should search for something that they have in common with all the businesses in question and that it’s far better to invest in fewer firms rather than purchasing various inventory in various businesses.

He also believes that one should purchase a stock with the intention of holding it for the Long Run, forever if a potential “Unless it is possible to see your inventory holding decrease by 50 percent without getting panic-stricken, you ought not to be at the stock exchange.”

“Risk could be greatly decreased by focusing on just a few holdings.”

“It’s optimism that’s the enemy of the rational buyer”

“Whether we are talking about stocks or socks, I enjoy purchasing a quality product when it’s discounted.”

That is what worth investing is all about. Do not let greed and fear alter your investment criteria and worth. Avoid being overrun. Never market into a panic. Buffet only invests in businesses he knows and thinks have predictable or stable merchandise for the subsequent 10 — 15 decades. That is the reason tech businesses have been prevented by him. Heal investing in stock as if you’re purchasing the whole business. I take a look since this is the price of a business.

It is the price you’d be paying for your business if you could purchase the company at current prices. He’d rather pay a reasonable price for a fantastic business than a minimal price for a fair business. Investment opportunities become accessible through wide market corrections or stocks which become deals. These aren’t occasions.

If you took all the gold on earth, it would roughly make a block 67 feet on a side… Now for the exact same block of gold, it’d be worth at the current market prices approximately $7 trillion — that is probably about a third of their value of all of the stocks in the USA. For $7 trillion you might have roughly seven Exxon Mobil Firms and a hundred bucks of cash. … If you offered me the option of looking at a 67-foot block of gold daily,… call me mad, but I will choose the farmland and the Exxon Mobil Firms.

 

Top 4 Stock Market Quotes

1. “An investment in knowledge pays the best interest.” – Benjamin Franklin

When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research, study, and analysis before making any investment decisions.
2. “Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.” – Jim Rogers

While 10- to 15-year lows are not common, they do happen. During these down times, don’t be shy about going against the trend and investing; you could make a fortune by making a bold move or lose your shirt. Remember quote #1 and invest in an industry you’ve researched thoroughly. Then, be prepared to see your investment sink lower before it turns around and starts to pay off.
3. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett

Be prepared to invest in a down market and to “get out” in a soaring market, as per the philosophy of Warren Buffett.
4. “The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher

Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion. Read more

Stock Market Sayings & Quotes

Bull markets are born on pessimism, grow on scepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
John Templeton

Markets can remain irrational longer than you can remain solvent.
John Maynard Keynes

Never invest in any idea you can’t illustrate with a crayon.
Peter Lynch

If you pay peanuts, you get monkeys.
James Goldsmith

You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.
Peter Lynch

Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.
Napoleon Hill

It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
George Soros

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.
Warren Buffett

Business opportunities are like buses, there’s always another one coming.
Richard Branson

The four most dangerous words in investing are: ‘this time it’s different’.
Sir John Templeton Read more

 

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US Dow Jones Outlook

US Dow Jones Stock Outlook

US Dow Jones Stock Market outlook

Huge amounts of money have abandoned the marketplace, suggesting the audience is panicking at the incorrect time. History illustrates the Crowd is not right over the long term; they undergo moments of success but these minutes dwarf years of declines when the markets take off, they’re made to survive.
The Dow Jones market has now dipped under 27K (on monthly basis), and so There’s a fantastic chance that one of the 2 results we prefer can come to pass:

The Dow falls fast and hard into the 25,500 into 26,000 ranges, the audience stampedes and in doing so produce a beautiful long-term chance for Tactical Investor. The industry pull-back a little and after those tendencies sideways and in doing this pushes our signs to the oversold ranges.

That’s the reason the rewards are very significant and that’s the reason there’s not any reward, but it requires effort to stay calm in the face of fear although it requires no effort. Mass Psychology shows you shouldn’t follow the herd since they do the incorrect thing at the ideal time.

Before we get in the perspective lets look at what we have stated over the last few months:
The strategy under these circumstances is to make use of pullbacks to start places in businesses; the more powerful the pullback, the greater the chance. We can see indications which 2018 ought to be a fantastic season for those markets. Individuals awaiting the entry points will likely be left.

They wish they’d purchased, as they did back in 2009, 2015, 2018 and currently in 2020 and will return at the entrance points. If push comes to shove, they bend and drop for the exact same play, although the audience never learns they state that they need to try out something fresh.
It requires a particular sort of dumb to be a Permabear; the one that a million hard slaps won’t change.

Permabears have a death wish; for nothing else could describe this means of thinking, they’re begging to be taken to the cleaners. A simple evaluation of any term graph will establish that being a Permabear is not likely to pay off. There’s not a single long term graph that may prove that carrying a position, in the long term, has paid off.

Copper continues to devote a pattern and we all guess it won’t be long then until the markets burst, after the MACD’s on the graphs encounter a crossover.

In the event the market pulls back, it is a bonus, and that is precisely why we also adopt the position that if the trend is upward; the more powerful the stalks, the greater the chance. Because the tendency is upward pullbacks should be looked at as Christmas bonuses. Pullbacks may be used to start or add to the present rankings of one.

An individual can observe that from crashes, corrections that are powerful or a long-term perspective, are not anything but purchasing opportunities. Buy when there is blood flowing on the roads once the herd turns off and run to your life.

As stated by the alternative Dow Theory, when the Dow utility commerce to fresh highs, it suggests the general market will follow suit sooner than after.

US Dow Jones predictions 2020

At this point, anyone may probably get their Dow Jones predictions wrong, as the international economic aftermath of the coronavirus can’t be anticipated while the crisis persists.

On the flip side, an analysis of the index’s components and its own historical behaviour during and after certain disasters could stage investors in the right direction when it comes to drafting a potential Dow Jones index forecast for 2020.

So far, the major stock indices across the world have lost a significant portion of their value, with the DJIA falling by nearly 30 percent, followed with the S&P 500 that has lost nearly 28 per cent and the FTSE 100 whose worth has dropped by 26 per cent since February 20, when the markets starting falling off a cliff without any signs of recovery on the horizon.

However, no academic could predict a worldwide pandemic like the coronavirus outbreak because the ultimate cause for a worldwide recession, and to be honest, that would?
-Or worse, will the Dow Jones go up anywhere near its pre-coronavirus degree in the not too distant future?

Many economists have been warning that a possible recession was right at the corner, pointing out to many variables and deploying notions. These included a possible passive-investment bubble, the deceleration of the global market because of a supply-demand imbalance, and possibly damaging aftermath of this continuing (yet paused) US-China trade warfare.

2020/07/14. US Dow Jones Industrial Average index forecast for next months and years.

Dow Jones forecast for July 2020.
The forecast for the beginning of July 25735. Maximum value 26639, while minimum 23270. The averaged index value for month 25100. Index at the end 24755, change for July -3.8%.

DJIA forecast for August 2020.
The forecast for the beginning of August 24755. Maximum value 25241, while minimum 22383. The averaged index value for month 24048. Index at the end 23812, change for August -3.8%.

Dow Jones forecast for September 2020.
The forecast for the beginning of September 23812. Maximum value 25498, while minimum 22612. The averaged index value for month 23994. Index at the end 24055, change for September 1.0%. Read more

Dow Jones Forecast For 2020 And 2021

This Dow Jones forecast for 2020 and 2021 relies on our 2 major indicators: Treasury prices as well as the Russell 2000. The first one states that’danger on’ is currently returning to markets, another one was’risk-on’ is starting as soon as the Russell 2000 index crosses 1625 points.
Based on the components within this guide we conclude that the likelihood of stock markets moving greater in 2020 and 2021 is large. Our Dow Jones forecast is bullish for 2020 and 2021. This implies that we can reasonably anticipate returns in stock markets.
We strongly recommend readers to subscribe to our free newsletter as we will be publishing those high potential multi-baggers we identify in 2020.
Our prediction to the Dow Jones is bullish for 2020 and 2021! We predict a peak to 32,000 points at the Dow Jones in 2020 and the index will rise further in 2021.
What we are interested in is to understand whether the stock bull market is the place to be spent in for 2020 and 2021. We want to be invested in bull market trends, and this will be helped with by the Dow Jones forecast.
As said before we’re watching out of markets that eventually become a multi-bagger in 6 to 9 months time. We dedicated earlier Forecasting The 3 Top Opportunities Per Year Becomes InvestingHaven’s Mission. We can know in which way to look for all these returns that are extraordinary if we get the level tendency.

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Area 51: Storming of secretive Nevada base

Area 51: Storming of secretive Nevada base

Fears that thousands of people could storm Area 51 on Friday were unfounded, with just several dozen arriving at the secretive US military base.

Millions had responded to a Facebook post in June calling for people to raid the facility in Nevada on 20 September to “see them aliens”.

But nobody attempted to enter the site and only one person was arrested – for urinating near the gate.

Area 51 has long been rumoured to house secrets about extraterrestrial life.
Why are people talking about Area 51?
In June, Matty Roberts, a student from California, posted a tongue-in-cheek Facebook event inviting people to charge at the base in large enough numbers to bypass security.

Within days of its launch, the event became a viral sensation, making headlines across the world. More than three million people expressed an interest in taking part.
The US Air Force warned that Area 51 was “an open training range for the US Air Force, and we would discourage anyone from trying to come into the area where we train American armed forces”.

What happened on Friday?
Not a lot.

Despite much anticipation surrounding the event, only around 75 people turned up at the front gate and nobody attempted to enter.

The only person to be arrested was a man caught urinating near the entrance and a woman was detained for an undisclosed reason, Associated Press reported.
The “raid” was more of a small-scale celebration, with enthusiasts dressing up and holding placards. Full Story

 

Saudi Arabia oil attacks: US to send troops to Saudi Arabia

The US has announced plans to send forces to Saudi Arabia in the wake of attacks against the country’s oil infrastructure.

Secretary of Defence Mark Esper told reporters the deployment would be “defensive in nature”. Total troop numbers have not yet been decided.

Yemen’s Iran-backed Houthi rebels have said they were behind the attacks against two oil facilities last week. Full Story

 

Climate protests: Marches worldwide against global warming

Millions of people around the world held a global climate strike on Friday, inspired by activist Greta Thunberg.

Protesters across continents waved placards and chanted slogans in what could be the biggest ever demonstration over global warming caused by humans.

“Our house is on fire”, Ms Thunberg said at a rally. “We will not just stand aside and watch.”

The day began in the Pacific and Asia and culminated in a massive demonstration in New York. Full Story

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Politics and Technology

politics and technology

China speeds ahead of U.S. as quantum race escalates, worrying scientists

U.S. and other Western scientists voice awe, and even alarm, at China’s quickening advances and spending on quantum communications and computing, revolutionary technologies that could give a huge military and commercial advantage to the nation that conquers them. The concerns echo — although to a lesser degree — the shock in the West six decades ago when the Soviets launched the Sputnik satellite, sparking a space race. In quick succession, China, in recent months, has utilized a quantum satellite to transmit ultra-secure data, inaugurated a 1,243-mile quantum link between Shanghai and Beijing, and announced a $10 billion quantum computing center. “To me, what is alarming is the level of coordination of what they’ve done,” said Christopher Monroe, a physicist and pioneer in quantum communication at the University of Maryland. Full Story

Another confirmation that China is destined to be new the powerhouse and will probably hold this title for over 100 years after it moves to the top spot. China has focussed on developing trade; their second focus has been their military as they are primarily merchants at heart. They are going to win this battle for one reason; at the end of the day, they are going to have the biggest purse. As the saying goes “money talks and BS walks.

 

Xi Tells Zuckerberg and Cook China’s Set for ‘Unprecedented’ Reform

Chinese President Xi Jinping used a meeting with Facebook Inc. founder Mark Zuckerberg and Apple Inc. CEO Tim Cook to announce that his nation is embarking on reform with “unprecedented determination and vigor.”

Less than a week into his second five-year term at the helm of the world’s second-largest economy, Xi’s remarks may underscore a shift toward loosening of restrictions on doing business in China. The nation is “willing to work with the U.S.,” Xi said, according to an official Xinhua report, adding that he’s looking forward to President Donald Trump’s visit next week.

Though use of Facebook’s social networking platform is blocked in China, the leadership from Xi down have increased pledges to open up to foreign companies across the economy. Xi was speaking at an event with overseas members of the Tsinghua University School of Economics and Management advisory board on Monday.

“China is willing to work with the US, to take a long-term perspective, care for each other’s mutual interests, and appropriately handle disagreements and contradictions,” Xi said. “We have an optimistic attitude toward the prospects for China-U.S. relations.” Full Story

This is the trend we have been speaking off for a while and which we just addressed in the last interim update. Asia led by China will move and more towards the direction of free markets and freedom, while the US will and the West will seek to restrain the populace.

The New Silk Road will go through Syria

Take what happened this past Sunday in Beijing. The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo crammed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”.

And there will be serious follow-ups: a Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.

Amid the proverbial doom and gloom pervading all things Syria, the slings and arrows of outrageous fortune sometimes yield, well, good fortune.

Take what happened this past Sunday in Beijing. The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo crammed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”.

And there will be serious follow-ups: a Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.

Qin Yong, deputy chairman of the China-Arab Exchange Association, announced that Beijing plans to invest $2 billion in an industrial park in Syria for 150 Chinese companies.

Nothing would make more sense. Before the tragic Syrian proxy war, Syrian merchants were already incredibly active in the small-goods Silk Road between Yiwu and the Levant. The Chinese don’t forget that Syria controlled overland access to both Europe and Africa in ancient Silk Road times when, after the desert crossing via Palmyra, goods reached the Mediterranean on their way to Rome. After the demise of Palmyra, a secondary road followed the Euphrates upstream and then through Aleppo and Antioch.

Beijing always plans years ahead. And the government in Damascus is implicated at the highest levels. So, it’s not an accident that Syrian Ambassador to China Imad Moustapha had to come up with the clincher: China, Russia and Iran will have priority over anyone else for all infrastructure investment and reconstruction projects when the war is over. Full Story

Read this story in Detail for it provides some of the reasons of why America has lost its place in the Middle East and why Syria was Russia’s red line in the sand.  Most importantly, it reveals how strong the relationship between China and Russia is and why these two nations are set to dominate the world stage for decades to come.

 

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Technology: UBS cut workforce – RBI repo rate unchanged – UPS improved productivity

Technology: UBS cut workforce - RBI repo rate unchanged - UPS improved productivity

Technology could help UBS cut workforce by 30 percent: CEO in magazine

ZURICH (Reuters) – Swiss bank UBS <UBSG.S> could shed almost 30,000 workers in the years ahead due to technological advances in the banking industry, Chief Executive Sergio Ermotti said in a magazine interview.

Ermotti told Bloomberg Markets that “process-oriented” companies see scope to cut workforces in half through new technology but he believed the true number for banks was around half that. “If you look at UBS, we employ a meaningful amount of people— almost 95,000, including contractors,” Ermotti said. “You can have 30 percent less, but the jobs are going to be much more interesting jobs, where the human content is crucial to the delivery of the service.”

Ermotti said the coming decade would be heavily influenced by technology, as the previous one was marked by regulation.

“It’s not the Big Bang; it’s going to be very gradual,” he said. “But you’re going to be faster — much more efficient, proficient. Instead of serving 50 clients, you’ll be able to serve 100 and in a more sophisticated way.”

Consultancy Accenture <ACN.N> said in May that three-quarters of bankers surveyed believed artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years. Full Story

Another one bites the dust; it’s quite interesting that as soon as we stated that the trend had changed concerning AI and human Jobs; story after story has emerged indicating how fast this trend is gaining traction. At least 40% of today’s companies could end up being irrelevant in as little as ten years

 

RBI keeps repo rate unchanged but frees up more liquidity

The Reserve Bank of India held its policy rate steady near seven-year lows on Wednesday after inflation surged, but still looked to prop up the cooling economy by spurring banks into lending more.

The decision to keep the repo rate at 6.00 percent had been widely expected, with all but three of 60 analysts polled by Reuters predicting the RBI would stand pat after cutting the rate by 25 basis points (bps) in August. But in a concession to the weakening economy, which is growing at its slowest pace in over three years, policymakers surprised markets by taking steps to release more liquidity into the financial system.

The RBI said it would lower the statutory liquidity ratio (SLR) — the amount of bonds that banks must set aside with the central bank — by 50 bps to 19.50 percent from mid-October. It had lowered the ratio by the same amount in June. Full Story

If you look around, central bankers are talking tough, but they are all talk and no action. The Majority of central banks from Japan to South Africa are an opting to leave rates unchanged. We wonder why? Well not really, as we have been stating all along, that anyone with a pea for a brain realises that this economic recovery is as bogus as they come. Remove the easy money and the glorious recovery vanishes.

The Philippines just joined the club of central bankers that see no reason to raise rates.

Philippine central bank Governor Nestor Espenilla said contained inflation means there isn’t a need to increase interest rates in the near term. “Right now there is no need to move policy rates looking at the inflation outlook,” Espenilla said in Washington where he was attending the annual International Monetary Fund meetings. “It might be too much of an anticipation to say we will raise interest rates at the next review.” Full Story

 

 

UPS CEO: Thanks to automation, we’re shipping more packages with the same number of people

The upcoming holiday period is shaping up to be another record-breaking shipping season. In fact, United Parcel Service (UPS) forecasts 750 million packages will be delivered between Black Friday and New Year’s Eve, a 5% increase from last year.

Despite the expected increase in volume, UPS expects to hire the same number of temporary seasonal workers as last year (95,000).

“Last year we hired about the same number of people and we’re doing it this year with an extra 5% of packages and it is because of automation,” UPS CEO David Abney told Yahoo Finance. Full story

Another confirmation that many jobs will cease to exist in the very near future; a day is going to dawn where individuals with an IQ that’s lower than 100 are going to find it almost impossible to land a decent job in developed nations.

 

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Dow Jones predictions: Next Target Dow 30k?

Dow Jones predictions

Dow 22K Predicted In July 2017; Next Target Dow 30k?

Dow Jones predictions: The Dow appears to have broken through the top of the Channel formation that fell in the 20,800-21,000 ranges. If it closes above 21,300 on a monthly basis then despite the markets being overbought, the Dow could surge past 22K before running into a strong zone of resistanceMarket Update June 18, 2017

Give the resiliency of this market; the Dow could very easily trade to 22K before it trades to 19K.  The masses need to show some enthusiasm; if they don’t and the market pulls back strongly, then it has to be viewed as a screaming buy.  For now, the masses seem to be locked in the pessimistic mode.

The bullish sentiment has never traded to the 60% ranges even once this year; it did not even make it to the 55% ranges, and that is very telling. On the same token, the number of individuals in the neutral camp has generally continued to trend higher and higher.  Market Update July 6, 2017 

What’s next for the Dow Jones?

Not only did the Dow Jones trade to 22K but it surpassed this target and is now dangerously close to striking 23K.  The sentiment is still not bullish, so the path of least resistance is upward.  As for Dow 30K;  there is a good chance that the Dow could strike this target. We discuss that in full detail in this article titled “Dow Could Trade to 30K But not before This Happens ”

If you prefer to watch a video; then the video covers the essential points of the above article

Dow forecast by longforecast.com

2020/01/03. Dow Jones Industrial Average index forecast for next months and years.

Dow Jones forecast for January 2020.
The forecast for beginning of January 28538. Maximum value 29368, while minimum 26044. Averaged index value for month 27914. Index at the end 27706, change for January -2.9%.

DJIA forecast for February 2020.
The forecast for beginning of February 27706. Maximum value 28512, while minimum 25284. Averaged index value for month 27100. Index at the end 26898, change for February -2.9%.

Dow Jones forecast for March 2020.
The forecast for beginning of March 26898. Maximum value 29007, while minimum 25723. Averaged index value for month 27248. Index at the end 27365, change for March 1.7%. Read More

 

Dow forecast by investinghaven.com

Our Dow Jones forecast for 2020 and 2021 is strongly bullish. We expect the Dow Jones to peak near 32,000 points in 2020. It will continue its rise in 2021. We forecast a crash in the Dow Jones in 2022. Investors should get the maximum out of the bullish potential from our Dow Jones forecast for 2020 and 2021. Note that this another critical piece in our annual series of forecasts because it paints a very clear picture of our general market forecasts for 2020: bullish stock market (not only this bullish Dow Jones forecast but all global stock markets), bullish peak in precious metals, some commodities bullish, strongly bullish crypto markets.

Why This Dow Jones Prediction?
What we are really interested in is to understand whether the stock bull market is the place to be invested in for 2020 and 2021. We want to be invested in bull market trends, and the Dow Jones prediction will help with this.

As said before we are on the lookout of markets that become a multi bagger in 6 to 9 months time. We committed before on this: Forecasting The 3 Top Opportunities Per Year Becomes Invsting Haven’s Mission. If we get the high level trend right we can know in which direction to look for these extraordinary returns. Read More

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US market live data chart and commentaries

US market live dataUS market live trend

Through a difficult patch, and this is not something new; however, when it occurs, it seems like it is a brand-new event and the very first thing crops to mind is the term “fear” because the experts are claiming it is different this time.

They would talk less and do more if they understood what they talked about; being a bear is dangerous, for in the future, the US market will constantly tendency higher. Now attempt to see the fantastic depression, “Black Monday,” .etc.

If you have a look at all those “ends of the world occasions” closely, they are blips in an otherwise massive upward tendency.  There are always likely to be days, weeks and sometimes weeks when the markets are coming down, but ultimately the US market has trended in 1 direction, which is “up”.

By viewing these disaster-type events via a lens that was bullish, massive fortunes were produced. In addition, we have Mass Psychology and the Trend Indicator on our side, both of which signify that this downtrend, at most, could turn out to be the backbreaking correction we spoke of recently. Every Bull Market experiences at one and 90% of the traders assume that this event marks the beginning of a trend.

 

US market live: Focus on Truth And Not Imagination

Take one event that most recalls, the fantastic Recession. Even if you mistimed your entrance and began to open positions before the Dow had bottomed, you would be sitting on massive gains today.

Panic should be seen via a lens that was squishy now that we are in the age of forever QE (Quantitative Easing) and above all remember when this sell-off started that the masses weren’t euphoric. There’s a time to sell, and that time appears when the masses are in a state of bliss.

When the markets sell off, it means there will be plenty of chances, so an individual should build a list of stocks that they always wished to purchase. US market always returns to the mean and hence the saying the larger the deviation from the mean the greater the opportunity. History clearly attests that finally, the market trends in one direction only (upward).

US Market: 2021 Predictions and Projections

The Dow Jones prediction, NASDAQ prognosis and S&P predictions continue to be rosy regardless of the rocketing COVID-19 diseases in California, Texas and Florida.

A wave or outbreaks is terrifying and upsetting Television commentators and investors it does not seem like the market wishes to slow down for the interest of this Corona Virus. Shore kids and the rioters put an attack on the nation together in hopes of shutting down the market, but it does not seem it will get the job done.

Of the indicators were down about 1 percent at the end of today, Tuesday, July 7th after yesterday that is climbing. It seems like an answer to rising COVID-19 diseases in a brand new record along with California yesterday. Nevertheless, instances have dropped from Florida.

Are superspreaders able to replicate exactly what they did last week’s bunch? Or is that the subversive threat in check? Investors’ Assurance and sentiment that the next shutdown will not occur isn’t 100.

He is referring to a secular bull market in which the S&P could attain 4000.

That has not occurred, although now a motion is projected. Rather, all indicators are up 1 hour to trading. The inadequate excellent stock market predictions, even for a single day beforehand, are alarming.

With $3 Trillion injected to the market and stimulation expected with more companies reopening, there is a reason for optimism at the stock markets.

2020 US Stock Market Predictions

It is an election year; it’s probably the administration will do what it can to keep the decade-long bull run, ” said Ryan Grace, chief market strategist for dough, a Chicago-based brokerage company. ”

I had expected more volatility heading into the election,” he said. “I really don’t find these current below-average levels in volatility being more sustainable.
There’s a close record short position in the volatility futures now and most of us know how that ended last time in February of 2018.”

Global Economic Slowdown Could ContinueGrace said he doesn’t see a breakout in yields throughout the curve that appears to be the telephone every year.”We are
Not from the woods yet regarding the ongoing global economic downturn,” he said. “China continues to slow, there are indications that the U.S. the economy is slowing and there’s no resolution to the transaction deal yet.”

The trade war remains the biggest issue facing shareholders, but”with markets where they are now, it seems most are optimistic there is a settlement coming,” Grace said. “The real details of the bargaining thing China can buy more agricultural goods and that is fantastic for the U.S. farmers, but it does not solve any of the more structural issues that got us here in the first place.” Federal Reserve May Should Be More AccommodativeWhile the Federal Reserve, the central bankers who vote on the future of interest, has said it plans to be on hold unless something changes in the market, there’s a possibility it might happen, Grace explained.”

US market forecast for next 3 months

Is this overall recovery likely to last in the summer? That raises another question, and that’s exactly what factors are most likely to affect markets throughout the next 3 weeks?
On its face, this doesn’t appear likely to encourage a stock-market recovery. Back in April, the International Monetary Fund (IMF) announced: “As a consequence of the pandemic, the international market is projected to contract aggressively by 3 percent in 2020, considerably worse than during the 2008-09 fiscal meltdown.

In a baseline situation — that presumes the pandemic fades at the next half 2020 and containment attempts could be slowly unwound — the international market is projected to rise by 5.8 percent in 2021 as economic action normalises, aided by coverage assistance.”

But as you could be thinking the 2021 figure doesn’t seem too bad. What’s our small stock-market rally doomed? One is that enormous amounts of bandwidth have been pumped to attempt and stabilise markets and there is. Not yet, although that service will be pulled. Rally. As a stock market crash could foretell an economic downturn, an uptrend can signal recovery. By instinct, investors and many traders prefer to walk the bright side of the road.

The lender sees the benchmark index closing annually at 3,000 – approximately 2% greater than its Friday near 2,930 – since the coronavirus hazard fades and the market stinks. Together with looming threats dragging the index at the end of the summer to 2,400 However, Goldman’s prediction reflects a drawback to its goal. The stock market’s recent surge in late-March lows is best attributed to some”fear of falling out”; mindset among investors, and doubt concerning the rally’s power stay, Goldman added.

 

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Elizabeth Warren nabs 2020 backing of Iowa’s state treasurer

Elizabeth Warren

DES MOINES, Iowa (AP) — Presidential candidate Elizabeth Warren has announced the endorsement of one of Iowa’s last two uncommitted Democratic elected officials, state Treasurer Michael Fitzgerald.

“She’s the one I think can address the biggest problems we have, and that is the hollowing out of the middle class,” Fitzgerald said in an interview with The Associated Press. “She’s clear, you understand her message, and I want her fighting for me and all of us.”

Fitzgerald was an early supporter of then-Sen. Barack Obama, who went on to win the presidency. Iowa Attorney General Tom Miller also supported Obama but is endorsing Montana Gov. Steve Bullock for 2020. Iowa’s last remaining uncommitted statewide elected Democrat is Auditor Rob Sand.

Asked what stood out about Warren in a field of Democrats often aligned on key issues, Fitzgerald declared that Warren “is a Democrat, she is a capitalist, and she wants to make our system work.” He said he’d do whatever the Warren campaign needed to help her win the caucuses.

Warren’s organization is seen as one of the strongest in Iowa, but compared with the other top-tier contenders in the field Warren has been relatively slow to roll out endorsements in the state. After a trickle of endorsement announcements, her first major haul of supporters in Iowa came out just last week, after her strong performance in the primary debate in Houston.

Fitzgerald marks Warren’s 25th Iowa endorsement and her sixth endorsement from an Iowa elected official. Full Story

 

Jimmy Carter says he couldn’t have managed presidency at 80

ATLANTA (AP) — Weeks shy of his 95th birthday, former President Jimmy Carter said he doesn’t believe he could have managed the most powerful office in the world at 80 years old.

Carter, who earlier this year became the longest-lived chief executive in American history, didn’t tie his comments to any of his fellow Democrats running for president in 2020, but two leading candidates, Joe Biden and Bernie Sanders, would turn 80 during their terms if elected. Full Story

 

Sri Lankan doctors strike over salary ‘injustice’

COLOMBO, Sri Lanka (AP) — Doctors at state-run hospitals across Sri Lanka began a 24-hour strike on Wednesday, demanding that the government resolve what they say is a salary “injustice.”

Two years ago, the government gave an unusually high salary increase to legal officers in the government sector, creating what Dr. Haritha Aluthge, secretary of the Government Medical Officers Association, called “a severe injustice to doctors and other professionals.” Full Story

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