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    Daily Digest 4/12 – Fed’s Powell: Economy at an ‘inflection point’, Day Traders Know a Bubble When They See One, and They Want In

    by Daily Digest

    Monday, April 12, 2021, 10:54 AM

Economy

Fed’s Powell: Economy at an ‘inflection point’

The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but some risks remain, particularly any resurgence in the coronavirus pandemic, Federal Reserve Chair Jerome Powell said.

In a brief preview of a longer interview with CBS’ news magazine program “60 Minutes” set to air in full on Sunday night, Powell echoed both his recent optimism about the economy and a now-familiar warning that COVID-19 remains the main risk.

Day Traders Know a Bubble When They See One, and They Want In

It’s a bubble, according to a survey of retail stock investors. And they don’t want to miss it.

An E*Trade Financial survey found that roughly three-quarters of retail investors believe the market is “fully or somewhat” in a bubble, a 3 percentage-point increase from the previous quarterly poll. At the same time, bullish sentiment has increased, rising to pre-pandemic levels at 61%.

White House Convenes Summit To Address Supply Shortage Crippling Auto Plants

President Biden, joined by top foreign and domestic policy advisers, met virtually with 19 CEOs Monday, as his administration tries to deal with a critical supply crunch that is slowing U.S. automobile manufacturing and threatens other sectors, including national security, according to experts.

Biden, national security adviser Jake Sullivan, National Economic Council Director Brian Deese and Commerce Secretary Gina Raimondo gathered the broad range of CEOs to discuss a growing shortage of semiconductors, a key component of many computerized electronics.

‘Fear of Missing Out’ Will Drive Workers Back Into the Office

Imagine the rest of your team has gone back into the office post-Covid-19 but you’re still at home, avoiding that long commute and enjoying the sweatpants life. Just one problem. When you Zoom in, you see your colleagues laughing at jokes you didn’t hear, remarking on gossip you missed, comparing notes on projects you weren’t aware of.

You feel FOMO—fear of missing out. This is what will drive you to suit up and get back to your old desk, at least for a couple days a week, says Andy Gensler, co-chief executive officer of Gensler, the world’s largest architecture firm by revenue. “The person who’s home says, ‘They’re meeting after the meeting. I’ve got to be there,’” Cohen says in a joint interview April 12 (via Zoom) with his colleague, co-CEO Diane Hoskins.

Heinz Promises To Catch Up To Americans’ Demand Amid Ketchup Packet Shortage

From toilet paper to hand sanitizer to disinfecting wipes, the COVID-19 pandemic has led to some major shortages across the United States. While supermarket aisles may have finally returned to their fully stocked state, restaurants across the country are now facing a new and uniquely American shortage — ketchup.

“They are really sweating over it. I mean, it’s costing a lot,” says Heather Haddon, a restaurant reporter for The Wall Street Journal. “It’s, you know, a service issue. So for these restaurant owners, it’s not a laughing matter.”

Microsoft makes $20bn bet on speech AI firm Nuance

Microsoft Corp plans to buy a tech firm known for helping to develop Apple’s Siri speech recognition software in a deal valued at $19.7bn (£13.3bn).

The purchase of Nuance Communications is the second largest in Microsoft’s history, after its acquisition of networking site LinkedIn in 2016.

Microsoft said it would bolster its software and artificial intelligence expertise for healthcare companies.

Fed’s Powell warns cyber threats pose bigger danger to US economy than 2008-style financial crisis

Federal Reserve Chairman Jerome Powell warned that cyber threats pose a bigger threat to the U.S. economy than the risk of another systemic breakdown in the financial system seen during the 2008 recession.

During an interview with CBS’ “60 Minutes” that aired on Sunday night, Powell said that policymakers at the U.S. central bank believe cyberattacks on financial institutions that halt their ability to track payments could trigger a market collapse similar in magnitude to the global financial crisis.

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11 Comments

  • Tue, Apr 13, 2021 - 10:21am

    #1

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 379

    3

    Re: Taibbi on Censorship

    Matt Taibbi: Meet The Censored

    A nonprofit that investigates Genetically Modified Organisms and the origins of Covid-19 is the latest to see its traffic plunge after a search engine update

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  • Tue, Apr 13, 2021 - 10:29am

    #2

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 379

    0

    Media that's not Censored? Check out the Funders Lists

    Major Funders

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  • Tue, Apr 13, 2021 - 10:58am

    #3

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2433

    4

    Looks like Jay Powell got the secret memo too

    He’s helping prep our minds for the WEF cyberpandemic coming July - October.

    ”Happy Hunger Games! And may the odds be ever in your favor.”


    Here’s a glimpse of the scope of the actual plan:


     

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  • Tue, Apr 13, 2021 - 11:42am

    #4

    SagerXX

    Status: Gold Member

    Joined: Feb 11 2009

    Posts: 541

    6

    Monoclonal Antibody Treatment for COVID

    I can't be bothered to engage people around the vaccines.  Belief systems are too impenetrable and the emotionality is absurd.  What I do for my tribe outside PP is to keep putting therapeutics in front of them.  IVM has been the go-to for a long while, and now I can add this.

    Regeneron says antibody cocktail prevented Covid when given as simple injection, not an IV

    I haven't done a deep dive into the stats and so forth, but if it is as advertised, it's going to help a lot and become a viable alternative to the lab-rat-vax con.

    May Fortune smile upon us all!

    VIVA -- Sager

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  • Tue, Apr 13, 2021 - 4:22pm

    #5

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2764

    8

    Cyber-attack Preparation

    If the internet does something horrible, you want to have your cryptos OFF the internet and on your disconnected hard wallets.  Then don't plug that hard wallet back in until the system is confirmed to be stable again.

    (Technically, your Bitcoin live on the blockchain, a copy of which which sits on the each of the 10,000 computers of the bitcoin network (a subset of the internet)).  But if a fair number of computers survive, the blockchain can be reconstituted.

    Some cash out of the bank.  Full pantry.

    And don't believe them when they tell you "it was the _____ who dunnit."

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  • Wed, Apr 14, 2021 - 11:32am

    #6
    Steven Kelso

    Steven Kelso

    Status: Bronze Member

    Joined: Aug 22 2018

    Posts: 106

    8

    You're Fake News

    I'm hoping that life is a comedy and in the end we end up where we started, no better off.

    Project Veritas Video: CNN Producer Admits "Our Focus Was To Get Trump Out Of Office"

    Project Veritas: CNN Insider Admits They Hyped COVID Death Toll, It's "Gangbusters For Ratings"

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  • Wed, Apr 14, 2021 - 6:28pm

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 379

    0

    000 said:

    OG, and I thought there was an election or something. Wait, wait! Are you saying they committed "dirty tricks"?

    Shocking!

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  • Thu, Apr 15, 2021 - 7:41am

    #8

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 379

    0

    Missing Leporidae Alert! Have You Seen Darious?

    It's a sign. End of Days!

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  • Thu, Apr 15, 2021 - 1:00pm

    #9

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2433

    1

    From the horse’s mouth: regular follow up shots may be needed

    They’re breaking it to us gently, bit by bit. But here at PP we already knew.

    https://www.cnbc.com/2021/04/15/pfizer-ceo-says-third-covid-vaccine-dose-likely-needed-within-12-months.html

    Pfizer CEO Albert Bourla said people will “likely” need a third dose of a Covid-19vaccine within 12 months of getting fully vaccinated. His comments were made public Thursday but were taped April 1.

    Bourla said it’s possible people will need to get vaccinated against the coronavirus annually.

    “Happy Hunger Games! And may the odds be ever in your favor.”

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  • Thu, Apr 15, 2021 - 2:15pm

    Mike from Jersey

    Mike from Jersey

    Status: Silver Member

    Joined: Jan 22 2018

    Posts: 390

    1

    And then there is this ...

    Not only are they telling us we will need regular "top up" shots, but now this:

    The FBI has announced that it will aggressively criminally pursue any Americans suspected of falsifying vaccine certificates that are issued following injection of the COVID shots.

    FBI to Prosecute

    Well, why would anyone forge such a certificate if vaccine passports are not necessary in everyday life?

    Hmmm, I guess you already know the answer to that one.

     

     

     

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  • Fri, Apr 16, 2021 - 5:49am

    #11

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2433

    1

    US drug overdose deaths surged in 2020 during the lockdowns

    https://www.theblaze.com/news/drug-overdose-deaths-covid-pandemic-cdc

    A new report from the Centers for Disease Control and Prevention found an alarming jump in the number of drug overdose deaths during the COVID-19 pandemic. Data from the CDC shows that drug overdose deaths in the U.S. increased by nearly 29% during the pandemic.

    The CDC report discovered that more than 87,000 Americans died from drug overdose deaths from September 2019 to September 2020. The one-year period death toll is the highest number of overdose deaths ever recorded in a year since the opioid epidemic began in the 1990s, according to the New York Times. Overdose deaths had declined slightly in 2018, the first decrease in decades.

    The data was collected by the National Center for Health Statistics, but the CDC noted that the actual number of overdose deaths is likely higher.

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