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Tuesday, October 20, 2020

Car Theft Hits Record High In Los Angeles

A COVID-19-induced recession, with exceptionally high unemployment in Los Angeles, has resulted in record-high auto thefts in 2Q20. A new report via Crosstown LA, who examined the Los Angeles Police Department (LAPD) data, reveals that 5,744 vehicle thefts occurred between April and June, up 57.7% from the same period last year. As thousands of businesses closed in the southern California city, the unemployment…

Spot Gold Soars To Record High As Dollar Freefall Accelerates

Spot Gold is surging in Asian trading as the dollar is dumped. Source: Bloomberg Spot Gold traded above $1930, taking out the $1921 highs from 2011... Source: Bloomberg The dollar has crashed to 19 month lows... Source: Bloomberg Gold appears to be more and more in favor as an alternative place to allocate wealth amid…

Record Number Of Americans Died From Drug Overdoses In 2019 As Fentanyl Moved West

Activists and the White House who were hoping that the decline in drug overdose deaths seen in 2018 - the first such decline in nearly three decades - might have continued into 2019 are about to be disappointed. Yesterday, the CDC released its preliminary data on drug overdose deaths (the final report won't land until…

Extreme “Heat Dome” To Fry US With Record Temperatures Up To 121F For Several...

Authored by Elias Marat via TheMindUnleashed.com, It was only to be expected that in an already brutal year, the summer of 2020 was going to be the absolute worst. And now, it appears that a sizzling “heat dome” will be frying most of the continental United States for several weeks starting this weekend. What this means is…

Texas Sees Record Jump In COVID-19 Hospitalizations: Live Updates

Summary: Texas sees record jump in hospitalizations California reports jump in daily cases Taj Mahal closed until further notice India draws nearer to Russia amid another record jump in cases World sees record jump in COVID-19 cases Florida reports 9,999 new cases Arizona sees roughlt 3,500 new cases South Africa sees record jump in new…

There Is Now A Record 375 Million Barrels Of Oil Stored On Tankers

Last weekend we showed that as oil storage on land was rapidly filling up, a familiar sight was seen off the coast of Asia's oil hub in Singapore: a record surge in tankers on anchor used as seaborne storage, and taking advantage of the supercontango just waiting for oil prices to rebound so they can…

Oil Stored At Sea Hits A Record 160 Million Barrels, Doubling In Two Weeks

The historic OPEC+ "Mexican Standoff" production cut came and went, and after a very short kneejerk spike higher oil has continued to plunge to historic lows for the two reasons we laid out previously: i) the production cut was not nearly enough to offset the demand collapse of as much as 36 million barrels, and…

The Paper Of Record Says Feel Sorry For Bill Gates, Who’s Been Targeted With...

The Wall Street Journal's Deepa Seetharaman wants us to know that while poor billionaire Bill Gates has 'long been a target for online trolls,' that 'the social-media attacks have intensified' as the Micrrosoft co-founder and World Health Organization (WHO) benefactor has become the left's de-facto coronavirus czar. Seetharaman suggests that the attacks have increased due…

Bank Of Japan Buys Record Amount Of ETFs, Admits ‘Paper Losses’, Plans Program Expansion

Having blown over two trillion yen since October in purchasing stocks (ETFs) in the open market to "support Japan's economy," markets are rife with speculation the Band of Japan (BoJ) could pledge next week to buy ETFs at a faster pace than the current commitment to do so by roughly 6 trillion yen ($58.12 billion)…

S&P Soars To Record High After Trump Speech; VIX, Oil, & Gold Plunge

And just like that, it never happened! The S&P 500 just broke to a new record high... VIX has crashed back to a 12 handle (VIX futures a 13 handle after nearing 18 overnight)... Dow futures are up over 600 points from overnight lows... And WTI Crude is back below Soleimani levels... As gold gives…

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