YEAR

American Hotels Experienced Worst Year Ever

According to STR, Inc, a hotel industry market data firm, 2020 was absolutely the worst year on record for hotels as industrywide profits fell to zero, as the virus pandemic and resulting government-enforced social distancing measures kept travelers at home.  STR’s latest report said the US hotel occupancy rate was 44% for the year, down from…

30Y Breakevens Spike Above 16 Year Downtrend After Yellen Says "Will Explore 50-Year"

It isn’t the first time an ultra-long duration bond has been discussed by the Treasury, and it also certainly won’t be the last time, but moments ago long end of the curve slumped, and the 5s30s steepened to session wides, after Janet Yellen said during her Senate confirmation hearing she’ll look into the possibility of…

Will 2021 Be The Year The World Loses Faith In The US Dollar?

Authored by Simon Black via SovereignMan.com, Nearly 186 years ago to the week on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central…

A Stock Market Crash Of 65-80% This Year?

Authored by Adam Taggart via PeakProsperity.com, A year ago, macro strategist David Hunter predicted a massive melt-up in financial assets, to be followed by an equally tremendous market crash. Well, he’s certainly been right so far on the melt-up prediction. All major stock indices are trading at record highs.  And valuations have never been more…

Saudi Arabia Lifts Its 3.5 Year Economic Blockade Of Qatar In US-Brokered Deal

Within the Gulf Cooperation Council (GCC) a more than three-year diplomatic and economic war has raged between Saudi Arabia and Qatar, which has even involved the closing of borders and airspace between the two (with UAE firmly in the Saudi camp), hardening into a total economic blockade of Qatar by other members (also including Bahrain and Egypt) but the…

Stocks Suffer Worst Start To A Year Since The Dot-Com Crash

The re-awakening of “Blue Wave” risk… Source: Bloomberg …along with escalating pandemic-related lockdowns/restrictions (worse than expected vaccination roll-out and hospitalization panic-mongering like we saw in 2018 due to the flu) sparked the worst start to a year for the S&P since 2001… The entire market was hit with a selling wave at the cash open…

Banning Government Use of Face Recognition Technology: 2020 Year in Review

By Nathan Sheard If there was any question about the gravity of problems with police use of face surveillance technology, 2020 wasted no time in proving them dangerously real. Thankfully, from Oregon to Massachusetts, local lawmakers responded by banning their local governments’ use. The Alarm On January 9, after first calling and threatening to arrest…

Deception And Suppression: A Year Of Beijing's Virus Coverup

Authored by Nicole Hao and Annie Wu via The Epoch Times, Around this time last year, Chinese authorities acknowledged that an “unknown” form of pneumonia was spreading in the city of Wuhan. But it was already too late. What we now know as COVID-19 had already broken out across the city and possibly beyond. In the months that…

Litigation Against Mass NSA Surveillance: Year in Review 2020

EFF takes on fights for the long run, and some of our longest running legal fights are focused on bringing the National Security Agency within the rule of law, and batting back the arguments that the state secrets privilege should insulate the government from accountability for spying. EFF started these cases in 2006 with Hepting…

Five Times This Year The New York Times Accidentally Told The Truth

Authored by Jeffrey Tucker via The American Institute for Economic Research, The paper of record in 2020 shifted dramatically to the most illiberal stance possible on the virus, pushing for full lockdowns, and ignoring or burying any information that might contradict the case for this unprecedented experiment in social and economic control. This article highlights…

A New Year Every Two Months? Year-End Celebrations Around The World

In August, Muslim countries rang in a new year on the Islamic calendar. 1442 AH will last from Aug 20, 2020, to approximately Aug 8, 2021 – twelve days shorter than the 365 days of the Gregorian year. The date set by Saudi Arabia is based on astronomical calculations of moon cycles and while many countries in…

The Year In Review: 2020 In 20 Visualizations

Authored by Nick Routley via VisualCapitalist.com, Can you remember a year more life-changing than 2020? Over a million lives were lost in the pandemic, oil prices turned negative, and protests swept the streets. At the same time, 10 years of technology advancements seemed to happen in mere months—and now vaccinations are rolling out at a…

2020: The Year Things Started Going Badly Wrong

Authored by Gail Tverberg via Our Finite World blog, How today’s energy problem is different from peak oil Many people believe that the economy will start going badly wrong when we “run out of oil.” The problem we have today is indeed an energy problem, but it is a different energy problem. Let me explain it with…

2020 Greatest Hits: The Most Popular Articles Of The Past Year And A Look Ahead

One year ago, when looking at the 20 most popular stories of 2019, we pointed to a certain undertone of artificial stability permeating capital markets and society, with the economy firing on all cylinders (thanks to the massive dual deficits and debt that had exploded under the current administration), with the market surging 30% last…

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold's Best Year In A Decade

Global stocks added around $15 trillion in market cap in 2020 (pushing above $100 trillion for the first time ever)… Source: Bloomberg Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020… Source: Bloomberg That kind of ‘tsunami’ hasn’t historically ended well (in the movies)… While much of…

The Year In Which Comforting American Myths Were Ravaged

Authored by James Bovard via The American Institute for Economic Research, Thanks in large part to Covid lockdowns, this year has left vast wreckage in its wake, with ten million jobs lost, more than 100,000 businesses and dozens of national chains bankrupted or closed. Up to 40 million people could face eviction in the coming months for failing…

2020: The Year In Which Comforting American Myths Were Ravaged

By James Bovard Thanks in large part to Covid lockdowns, this year has left vast wreckage in its wake, with ten million jobs lost, more than 100,000 businesses and dozens of national chains bankrupted or closed. Up to 40 million people could face eviction in the coming months for failing to pay rent, and Americans…

2020: The Year The Tree Of Liberty Was Torched

Authored by John Whitehead via The Rutherford Institute, “The people are unaware. They’re not educated to realize that they have power. The system is so geared that everyone believes the government will fix everything. We are the government.” – John Lennon No doubt about it: 2020 – a terrible, horrible, no good, very bad year for…

2020, The "Worst Year Ever"?… You're Joking, Right?!

Authored by Charles Hugh Smith via OfTwoMinds blog, So party on, because “the worst year ever” is ending and the rebound of financial markets, already the greatest in recorded history, will only become more fabulous.   Of the lavish banquet of absurdities laid out in 2020, one of the most delectable is Time magazine’s December 14 cover…

Student Privacy and the Fight to Keep Spying Out of Schools: Year in Review 2020

By Lindsay Oliver and Jacob Hoffman-Andrews As students were sent home from school in the spring due to the coronavirus pandemic, schools followed them home with invasive surveillance technology. This trend, spurred by the surge in remote learning, was an opportunistic move by tech companies and schools already in a race to control students through…