John Rubino returns for another weekly installment… Might not be a stimulus bill before the election, which means before January. Major economic disruption if so. Let’s go through some of the things that would happen. The game is still ongoing and there’s a number for how low the stock market goes until they see reason. It’s earnings season, and the biggest bright spot will be the gold miners. Record number of Zombie companies who’s interest expenses are greater than their profits. Stimulus is coming. Commercial real estate is tanking: NYC hotel occupancy rates now around 10%, San Fran office vacancies surge, apartment rents plunge. The real story of the Biden laptop is the censorship by Twitter and Facebook (and WaPo). Post-election violence is baked in the cake.
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