Summary
Phil covers: (1) Steve Bannon fraud charges — illustration of political promises that can never deliver for working class (Economic Rent always captures gains); (2) Corporate America most indebted ever while US home sales surged by the most ever recorded; (3) 1976 swine flu mass vaccination (one death, 13 hospitalizations, yet 25% of US vaccinated) as a 45-year cycle parallel to 2021; (4) UK house prices hit all-time highs in July 2020; (5) 10-year US government yields hit multi-century lows on Aug 3; (6) Trump considering capital gains tax cut — feeds straight into land values.
Key Claims
- US home sales surged by the most ever recorded in August 2020. — confidence: high
- UK house prices hit all-time highs in July 2020. — confidence: high
- 10-year US government yields hit multi-century lows on August 3, 2020. — confidence: high
- 1976 swine flu: one death, 13 hospitalizations → 25% US vaccination — 45-year cycle parallel to 2021. — confidence: high
- Capital gains tax cuts feed directly into land values. — confidence: high
- Corporate America is at its most indebted level ever. — confidence: high