Mexico’s President Blasts Twitter & Facebook For Acting Like “Holy Inquisition” In Censoring Trump

Mexico’s President Blasts Twitter & Facebook For Acting Like “Holy Inquisition” In Censoring Trump

In a rare instance of a Left-wing Latin American leader siding with Trump, Mexico’s President Andrés Manuel López Obrador has condemned controversial actions taken by major US social media platforms to block Trump messages. He’s long had warm relations with the US president even as other regional leaders have remained cold.

Recognizing the extreme dangers and abuse of big tech censorship for political speech, especially statements by elected government officials, Mexico’s president underscored that it’s an egregious violation and alarming precedent-setting severe abuse of power by Twitter and Facebook – both of which have blocked President Trump’s official accounts this week.

I don’t like anybody being censored or taking away from the the right to post a message on Twitter or Facebook. I don’t agree with that, I don’t accept that,” López Obrador said

Via Reuters

He further compared the extreme action to the infamous episode of the Inquisition in medieval Europe under the Catholic monarchs:

How can you censor someone: ‘Let’s see, I, as the judge of the Holy Inquisition, will punish you because I think what you’re saying is harmful,’” López Obrador said in an extensive, unprompted discourse on the subject. “Where is the law, where is the regulation, what are the norms? This is an issue of government, this is not an issue for private companies.”

He branded Facebook CEO Mark Zuckerberg as “arrogant” in the comments. “I felt he was very self-important and very arrogant,” Lopez Obrador said.

He was also pressed by reporters as to his thoughts on Wednesday’s storming of the Capitol and brief occupation of Congress by pro-Trump supporters who were intent on blocking the election certification, to which he made no comment.

Meanwhile, Mexico’s presidential spokesman Jesús Ramírez reaffirmed the official condemnation of the social media giants’ actions saying in a follow-up Twitter message, “Facebook’s decision to silence the current leader of the United States calls for a debate on freedom of expression, the free exchange of information on the web, democracy and the role of the companies that administer (social) networks.”

The blockages of Trump’s accounts, which further includes Instagram, are expected to be in effect until at least after Joe Biden’s inauguration on Jan.20.

López Obrador indicated he was not planning on traveling to D.C. to attend Biden’s inauguration, for which there’s also likely to be further mayhem – or at the very least on the peripheries of the event amid tightened security.

Tyler Durden
Fri, 01/08/2021 – 16:47

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The Cultural Purge Is Now In Overdrive

The Cultural Purge Is Now In Overdrive

Authored by Mark Jeftovic via OutOfTheCave.io,

Four years ago, after the unthinkable happened and the ‘wrong guy’ won the US election of 2016, I wrote an article about how I had feared a type of “cultural purge” from within the corporate media, Big Tech and cancel culture spheres.

Like everybody else, I didn’t expect Trump to win (like most other Libertarians, I was holding my nose and pulling for Gary Johnson, whose running mate, Bill Weld, endorsed Hillary Clinton during the election campaign).

What I expected then, after Trump would have unceremoniously lost the 2016 election,  was a type of cultural purge against anybody and everybody who enabled his run or supported him. What surprised me was that after he won the cultural purge proceeded anyway. In retrospect it seems obvious, at the time it blindsided me.

For the next four years we watched any (remaining) semblance of objectivity and impartiality wither away from the mainstream media. Even more troubling, was that it was also happening within Big Tech. Everything polarized and all judgement calls became characteristically asymmetrical. As I noted on occasion, that compared to the post 9/11 era when the Neocons controlled the narrative and the word “liberal” was a slur, everything flipped. Now it was the word “conservative” that was unusable and being a single micron to the right of centre was equated with being “literally Hitler”.

I could list the countless examples of deplatformings, cancellations, character assassinations and careers destroyed in the intervening time. It became so ridiculous, so devoid of any attempt at a claim to due process or fairness that an entire counter-culture has formed around criticizing or ridiculing it. I wrote a book about defending from deplatform attacks, which I started giving away for free in April when Big Tech started deplatforming deviant reporting on the COVID-19 crisis. Babylon Bee sprang into existence and quickly rivalled The Onion, riffing on cancel culture and hitting headwinds on multiple occasions when their scathing satire was indistinguishable from the reality they were lampooning.

TL,DR: Cancel culture is a right-wing conspiracy promulgated by Qanon Incels

More than once I thought “This is it, this has to be Peak Outrage”, and then somebody else’s career or business would be destroyed, sometimes for imagined transgressions that may or may not have taken place years ago or even before the target even started a position they’d just been canceled from having (David Collum’s section on cancel culture, featuring his own cancelation, lays many of these out in his famous Year In Review series, the 2020 issue).

Once the 2020 election was finally in the rear-view mirror and it appeared likely the administration had changed I thought, once again, that the worst was over. The world was mired in lockdown fatigue, we’re not even dealing with the economic fallout of COVID yet, and “ding dong the witch is dead”. Surely cancel culture and social justice extremism would taper off, if only out of exhaustion.

Boy am I wrong, again.

The ignominy with which TheDonald has chosen to close out his term, the lack of humility, of which is he likely congenitally incapable of, will instead reignite the flames of the culture wars and propel them to new heights.

I don’t even want to get into the gory details of the events of Jan 6, the storming of the capital, the riots, other than to say that when we talk about the twilight of the nation state and the rise of the Network State in our #AxisOfEasy podcasts, these are the sort of disorderly episodes we fear punctuating or worse, defining, this oncoming societal shift.

We certainly seem to be into The Fourth Turning now, a book I have been rereading and was just finishing up listening to the day of the DC riots. Their prescience is creepy, especially as they outlined the “climax” phase of the Crisis period, which, by their reckoning started around… 2020 and would last another 6 to 10 years:

One or both of today’s dominant parties could go the way of the Whigs…History warns that when a crisis catalyzes, a previously dominant political party or regime can find itself perceived or blamed for direct mistakes that led to the national emergency.

Whoever holds power when the Fourth Turning arrives could find themselves joining the ranks of the 14th century Lancastrians, circa 15th century Catholics, circa 1680 Stewarts, circa 1770 Tories, circa 1860 Democrats, and circa 1929 Republicans. That party could find itself out of power for a generation.

Key persons associated with it could find themselves defamed, stigmatized, harassed, economically ruined, or even personally punished”

Since that day, Big Tech and corporate media moved at a new speed that I found dizzying. Twitter pile-ons are ugly enough spectacles and that’s just watching end-users gang up on the sacrificial deviant of the day. But watching Shopify of all companies, pile on to Facebook and Twitter’s deplatforming of a sitting president (which at this moment he is, like it or not), Simon and Schuster canceling their contract to publish Sen Josh Hawley’s book on Big Tech censorship (which I wanted to read) and I’m sure the list will go on after I’m done writing, this is just fucking crazy.

(I paused writing this to take a meeting, an hour later I come back to finishing it off and a friend, who fled Chicago this past summer because of the complete breakdown of civil order there, among other US cities at that time, sent me this story. It outlines numerous other firings and cancelations of Chicagoans who attended the DC rally (but not necessarily involved in the violence), and businesses who even commented in social media about it.)

Translation: a social media mob demanded we cancel one of our employees with zero due process or time to consider, so we did. Who do you want us to fire next?

Think it through people.

Do you want to live in a society where Facebook and Twitter decide not what is permissible to say but even which narratives can be explored and which ones can’t?

Yes I know, “private companies, their own AUP, blah blah blah” – I’m a libertarian and a tech company CEO, so I know all this. I’ll preempt these objections with what I said in my book, which is that when tech companies base platform/deplatform decisions on something that is happening outside of their platforms, they are in effect, exercising jurisprudence and adjudicating international law. All any company can competently assess is what is happening on within their respective platforms, how their employees are fulfilling their roles and serving the businesses customers and nothing else.

Would you be ok with your employer firing you if enough strangers who don’t know you, don’t do business with your company and have no first hand knowledge of events or what your circumstances are scream at your boss to cut you loose?

Do you want contracts to be subject to negation by  public sentiment of events 2 or 3 or more degrees separated from the contracted parties?

Do you want to have every aspect of your life scrutinized by somebody else’s measure of moral and ideological purity before you can say anything online? How about before you can book a hotel room? Fill up your car with gas? Go shopping? Get on a plane?

After all, we have big data and AI now, so this is all doable. 

Do you really want to live within the constraints of a type of societal social credit system where your every action, your very thoughts are bounded by external and ever shifting, subjective and revisionist social mores? Many of them defined by the most oversensitive, self-absorbed hysterics on social media?

Be very careful if you think this is a good thing, because sooner or later, you’re going to be on the wrong side of it. By then it’ll be too late.

Tyler Durden
Fri, 01/08/2021 – 16:25

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Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge & “Damaged” Democracy

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge & “Damaged” Democracy

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the highest levels of COVID “cases” and deaths.

What really mattered? The Fed said “no taper” anytime soon, and promises of more $2000 checks and more and more – both of which sparked ‘reflation’ trades everywhere with cryptos soaring, bond yields spiking and Small-Caps surging relative to Big-Tech.

After the S&P 500’s worst start to a year since the Dot-com mania, markets took off with Small Caps by far the week’s biggest gainers…

Everything was fine today until a) 10Y Yields broke above 1.10% (VaR shock impacts on stocks), and b) Sen. Manchin spoiled the party by saying he would not support $2000 checks)…

But Biden saved the day late-on with promises of lots of money for all…$15 min wage for all… and stimulus in the trillions… stocks went wild! (Small Caps had a down day today)

Small Caps continue to push up towards the key downtrend against Nasdaq…

Source: Bloomberg

The S&P 500 was noisy around the 3800 level, before being panic bid after Biden spoke…

Which, as SpotGamma notes, is a key technical level from the options market…

Banks were bid as yields rose all week but fell today as the velocity of the yield spike spooked some…

Source: Bloomberg

Biotechs soared all week (until this afternoon) with Nasdaq Biotech Index topping 5000 for the first time…

Source: Bloomberg

And then there’s TSLA!!… which surpassed FB in market cap today with its best week since July…

Source: Bloomberg

It’s been quite a wild ride…

Source: Bloomberg

Bond yields surged higher on the week – the biggest spike in 30Y yields since June 2020…

Source: Bloomberg

10Y Yields broke out this week…

Source: Bloomberg

…back to their highest since March…

Source: Bloomberg

Real Yields soared this week (biggest spike since March 2020), after hitting record lows, weighing heavily on gold prices…

Source: Bloomberg

Notably for European and Japanese traders, FX-hedged Treasury yields are the most attractive since 2017…

Source: Bloomberg

Additionally, Japan’s 30-year bond yields have dropped below currency-hedged 10-year Treasury yields for the first time since 2017…

Source: Bloomberg

The dollar rallied on the week with a decent spike yesterday and follow through today…

Source: Bloomberg

Cryptos were the major headline makers on the week, with ETH up over 60% and BTC up 40%…

Source: Bloomberg

With Bitcoin tagging $42,000 intraday at its peak…

Source: Bloomberg

And Ethereum nearing $1300 twice…

Source: Bloomberg

Is Bitcoin tracking 1970s gold?

Source: Bloomberg

Gold was clubbed like a baby-seal this week after a strong start up to pre-vaccine levels…

WTI continued its post-election, post-Fed, post-vaccine (and now post-Saudi fold) surge nearing $52 this week…

Copper closed higher on the week but was weak today…

Finally, there’s Goldman Sachs CEO David Solomon:

“The markets have been quite ebullient as of late. You know, I think there’s some excess in markets.”

“I think there’s a lot of retail participation in markets that’s certainly making markets a little bit more ebullient. I’d be cautious about some of that.”

And then there’s Fed Vice Chair Clarida who said he’s “not worried by stock market values… they’re adjusting to a more positive outlook.”

Very positive indeed.

Source: Bloomberg

Of most note today though was the reaction of stocks to bond yields’ spike – be careful what you wish for…

Source: Bloomberg

Tyler Durden
Fri, 01/08/2021 – 16:00

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NHTSA Says No Defects Found In Tesla Probe Of Sudden Unintended Acceleration

NHTSA Says No Defects Found In Tesla Probe Of Sudden Unintended Acceleration

Despite what feels like countless examples over the last few years of Teslas experiencing what owners called “unintended acceleration” (like this), the National Highway Traffic Safety Administration said on Friday that it would “not grant a petition seeking a formal review of 662,000 Tesla vehicles for claims of sudden unintended acceleration,” according to Reuters.

The regulator said that the review of a December 2019 petition, which we previously reported on here, found out that the incidents in question “were caused by pedal misapplication. NHTSA found no evidence of fault in the accelerator pedal assemblies, motor control systems, or brake systems that contributed to the cited incidents.”

The petition included 232 complaints to the NHTSA about unintended acceleration. Of these, there were 203 crashes. 

The NHTSA says its Office of Defects received the defect petition on December 19, 2020 and that the request applied to model year 2012 through 2019 Tesla Model S vehicles, model year 2016 through 2019 Tesla Model X vehicles and model year 2018 through 2019 Tesla Model 3 vehicles. 

The agency commented that “there is no evidence of a design factor contributing to increased likelihood of pedal misapplication. The theory provided of a potential electronic cause of SUA in the subject vehicles is based upon inaccurate assumptions about system design and log data.”

Last summer we reported that two dozen Tesla owners had signed onto a lawsuit in the Bay Area that alleges the company’s Model 3 vehicles can dangerously accelerate on its own. The suit was filed originally in January by eight plaintiffs in six states and the suit has now expanded to include 23 plaintiffs in 11 different states, according to the East Bay Times. The company “has been intentionally overlooking a dangerous problem while rushing its vehicles to market,” the lawsuit claimed.

But, the NHTSA appears to have said that these hundreds of Tesla owners are all just imagining things…

We stick by what we said almost one year ago to the day: “…t is no surprise to us that the NHTSA has not made a determination as to whether or not an investigation is warranted regarding the new petition yet. Because if it isn’t clear as day to them at this point, we’re not sure what it’s going to take to wake these regulators from the half decade long slumber they’ve been in.”

Certainly, videos like this didn’t seem to sway their opinion. Just normal driver error, according to the NHTSA:

But we digress…

Tyler Durden
Fri, 01/08/2021 – 15:50

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DC National Guard May Carry Firearms Ahead Of Inauguration: Report

DC National Guard May Carry Firearms Ahead Of Inauguration: Report

The military may allow the National Guard in Washington D.C. to carry firearms and batons ahead of the inauguration, according to a report from the Associated Press, citing the Secretary of the Army.

Restrictions on the use of force are currently under review by Defense leaders, as they brace for more protests surrounding the January 20 inaugural, Rob Quirk of KOAA reports.

Developing…

Tyler Durden
Fri, 01/08/2021 – 15:32

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Emily Ratajkowski Says Facebook Banning Trump Gives Zuckerberg Too Much Power

Emily Ratajkowski Says Facebook Banning Trump Gives Zuckerberg Too Much Power

Authored by Paul Joseph Watson via Summit News,

Model and actress Emily Ratajkowski has asserted that Mark Zuckerberg handing himself the power to silence President Trump via an “indefinite” Facebook ban is handing the Big Tech oligarch too much power.

Zuckerberg announced in a blog post earlier today that the social media giant was suspending Trump’s Facebook and Instagram accounts for at least two weeks until Joe Biden is inaugurated.

This followed Twitter deleting several of Trump’s tweets last night and suspending him for at least 12 hours in response to his supporters storming the Capitol building.

This prompted a pushback from Ratajkowski, who has 1.5 million Twitter followers.

“Anyone else feel like proper amount of capital police being absent/letting Trump people in/providing insane visuals of MAGA dudes on the floor of the house was wildly convenient to justifying big tech’s rollout of censorship?” she asked.

“This gives Facebook/tech/Zuck THE MOST POWER. If he can shut the president up/off he can shut any of us up/off,” Ratajkowski added, noting that she was expressing an opinion that would be “an unpopular take.”

The warning is somewhat odd coming from Ratajkowski, who has consistently sided with the same leftists who are normally feverish to ban free speech, but her stance should be applauded nonetheless.

Her reference to “letting Trump people in” comes from a video which shows police allowing the rioters to move close to the Capitol building before it was stormed.

*  *  *

New limited edition merch now available! Click here. In the age of mass Silicon Valley censorship It is crucial that we stay in touch. I need you to sign up for my free newsletter here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown. Also, I urgently need your financial support here.

Tyler Durden
Fri, 01/08/2021 – 15:30

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US Consumers Unexpectedly Paid Down Their Credit Cards In November; Have Repaid $115BN In 2020

US Consumers Unexpectedly Paid Down Their Credit Cards In November; Have Repaid $115BN In 2020

There appears to be a major discrepancy between BofA debit/credit card data, which showed a remarkable increase in the month of November…

… and the Fed’s own consumer credit data aggregation, because according to the latest Consumer Credit report, in November revolving debt, i.e., credit card debt, shrank for a second consecutive month declining by $787MM following the $5.5 billion drop in October.

This means that in the first 11 months of 2020, US consumers have paid down a record $115bn in credit card debt.

The flip side, however, is that as revolving credit dropped, non-revolving credit rose, and in November US consumers increased their student and auto loans – the two largest component of this category – by $16 billion…

… bringing the total November change to $15.3 billion, well above the $9BN increase expected by economists.

Tyler Durden
Fri, 01/08/2021 – 15:18

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BofA: Bitcoin Is Now “The Mother Of All Bubbles”… This Is How It Could Burst

BofA: Bitcoin Is Now “The Mother Of All Bubbles”… This Is How It Could Burst

Back in late 2017 when bitcoin surged higher to reach what would be its all time high of just under $20,000, a veritable cottage industry of experts calling bitcoin the biggest bubble in history emerged. But while the bubble-callers were vindicated for a few years, little did they know that just three years later what they thought was the biggest bubble ever, would be surpassed several times over with bitcoin now more than double its Dec 2017 all time high on the back of global central banks injecting $1.3 billion in liquidity in the market each and every hour.

What is behind this epic move higher? Simple: as Morgan Stanley’s Michael Wilson explained on Monday, with the Fed now openly manipulating and depressing yields, and the CPI a useless, politically-motivated indicator, bitcoin has emerged as one of the only accurate inflationary metric available to traders. This is what Wilson said:

We believe the big surprise of 2021 could be higher inflation than many, including the Fed, expect. Currently, the consensus is expecting a gradual and orderly increase in prices as the economy continues to recover. However, the move in asset prices like Bitcoin suggest markets are starting to think this adjustment may not be so gradual or orderly (Exhibit 5). We concur. With global GDP output already back to pre-pandemic levels and the economy not yet even close to fully reopened, we think the risk for more acute price spikes is greater than appreciated. That risk is likely to be in areas of the economy where supply may have been destroyed and ill prepared for what could be a surge in demand later this year—e.g. restaurants, travel and other consumer/business related services…inflation can be kryptonite for longer  duration bonds which would have a short term negative impact on valuations for all stocks should that adjustment happen abruptly…. The best inflation hedges are stocks and commodities in the intermediate term.

Today, BofA’s Michael Hartnett picks up on this theme and writes that as a result of the “violent inflationary price action past two months, bitcoin is up 180%, with the cryptocurrency market now more than >$1tn as Bitcoin past 2 years blows-the-doors-off prior bubbles.” And just in case we need visualization, here is how Bitcoin is now the “mother of all bubbles.”

So is bitcoin’s liquidity-fueled explosion here to stay? Nobody knows – and anyone who claims otherwise is a liar and a charlatan – but just to hedge, Hartnett lays out several “liquidity warning signs” explaining that the “contrarian bear catalyst in 2021” will be rates not profits, so keep an eye on early warning signs that rates are turning bearish for risk, among which are:

  • Credit: LQD drops below $133 and/or levered loans start to significantly outperform

  • Dollar: surprise rally as weaker Europe & Asia growth require bout of US dollar strength.
  • China: CNY and SHCOMP follow Chinese bond yields lower signaling weaker growth

  • Inflation: inflation prints spook Fed balance sheet bulls (food prices at 6-year highs, up 20% past 8 months)
  • Froth: higher yields trigger losses in speculative favorites e.g. XBT, TSLA.
  • Rate-sensitives: classic lower rate plays such as XHB, SOX breakdown.

As Hartnett concludes, warning that the bursting of the bubble remains the biggest bull risk, the “decade-long backdrop of maximum liquidity and technological disruption has caused maximum inequality & massive social and electoral polarization…value of US financial assets (Wall Street) now 6X size of GDP.”

Hartnett’s surprisingly frank slam of the biggest asset bubble ever – of which bitcoin is merely a symptom – concludes by pointing out that “investor price action is increasingly speculative (IPOs, SPACs), wealth gains are obscene… but extreme asset bubbles are a natural end to nihilistic bull markets of past decade; bubbles (e.g.) in risk asset prices ignore rising rates & humiliated investors worried about “peak positioning”; we’ll know if it’s a bubble by end-Q1.”

But until then… just buy everything.

Tyler Durden
Fri, 01/08/2021 – 15:01

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Cancel Crusade Reignites As Reddit Bans Pro-Trump Forum, Facebook Unpersons ‘Walk Away’ Movement

Cancel Crusade Reignites As Reddit Bans Pro-Trump Forum, Facebook Unpersons ‘Walk Away’ Movement

Cancel culture is back with a vengeance, after Reddit banned yet another pro-Trump forum, /r/DonaldTrump, from the public square in yet another example of leftist technocrats using outlier groups of extremists – in this case, the Capitol ‘raid’ – to justify their actions, while having given their own side a pass during four years of violence and incendiary rhetoric.

“Reddit’s site-wide policies prohibit content that promotes hate, or encourages, glorifies, incites, or calls for violence against groups of people or individuals. In accordance with this, we have been proactively reaching out to moderators to remind them of our policies and to offer support or resources as needed,” a Reddit spokesperson told an undoubtedly giddy Axios, who added “We have also taken action to ban the community r/donaldtrump given repeated policy violations in recent days regarding the violence at the U.S. Capitol.

In June, Reddit banned /r/The_Donald – one of the site’s largest political communities, right as the 2020 election began to heat up.

The company’s Friday ban-hammer comes on the heels of several other platforms taking actions against Trump or his supporters. As Axios notes:

  • Twitch and Snapchat disabled Trump’s accounts.
  • Shopify took down two online stores affiliated with the president.
  • Facebook and Instagram banned Trump from posting for at least the next two weeks, and faced calls to boot him permanently, including from former First Lady Michelle Obama and high-ranking Hill Democrats.
  • Twitter froze Trump out of his account Wednesday before reinstating him Thursday once he deleted problematic tweets.
  • YouTube says it’s accelerating its enforcement of voter fraud claims against President Trump and others based on Wednesday’s events.
  • TikTok is removing content violations and redirecting hashtags like #stormthecapitol and #patriotparty to its community guidelines.

Meanwhile, Facebook has removed the ‘Walk Away’ campaign from its platform and has banned founder Brandon Straka and his team – which had over 500,000 people who shared their testimonial videos about leaving the Democratic party.

And in what’s got to be the icing on the cancel cake, Lehigh University just revoked a 33-year-old honorary degree given to President Trump in 1988, after the school’s board of trustees voted to do so on Thursday following the violence in the Capitol. 

It seems like these institutions were just waiting for the right excuse…

Tyler Durden
Fri, 01/08/2021 – 14:45

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Biden Promises More Money For Black, Brown Businesses; Says Americans “Entitled” To $15 Min Wage

Biden Promises More Money For Black, Brown Businesses; Says Americans “Entitled” To $15 Min Wage

Just in case you wondered why stocks suddenly jerked back higher (after tumbling on Manchin comments over stimulus checks… and impeachment uncertainty), it’s simple – President-Elect Biden just promised even moar…

Headlines from his speech (via Bloomberg) were nothing new of course, fitting with the Democratic campaign plans:

  • *BIDEN: GAP IN BLACK, LATINO UNEMPLOYMENT IS `MUCH TOO LARGE’

  • *BIDEN: NEED RELIEF FOR WORKING FAMILIES, BUSINESSES NOW

  • *BIDEN: WILL LAY OUT FRAMEWORK FOR NEXT RELIEF PACKAGE NEXT WEEK

  • *BIDEN: VACCINE DISTRIBUTION IS GREATEST OPERATIONAL CHALLENGE

  • *BIDEN SAYS $600 RELIEF PAYMENTS AREN’T ENOUGH

  • *BIDEN: HOPE DEMOCRATIC CONGRESS CONTROL LEADS TO MIN WAGE BOOST

  • *BIDEN: AMERICANS ENTITLED TO $15/HOUR MINIMUM WAGE

  • *BIDEN: BLACK, BROWN-OWNED BUSINESS HAVE HAD LESS RELIEF ACCESS

  • *BIDEN: TENS OF THOUSANDS OF COS. GOT RELIEF THEY SHOULDN’T HAVE

  • *BIDEN: FOCUS TO BE ON SMALL BIZ WITHOUT CONNECTIONS

  • *BIDEN: WILL DIRECT RELIEF TO THOSE INDUSTRIES HIT THE HARDEST

  • *BIDEN: WILL HAVE NAVIGATORS TO HELP SMALL BIZ UNDERSTAND RELIEF

  • *BIDEN: WILL MAKE BANK EXPECTATIONS `CRYSTAL CLEAR’

The reaction – of course – was buying panic!

Because, fundamentals!

Tyler Durden
Fri, 01/08/2021 – 14:36

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