New Twitch Policy is Bad News for Partially Nude Streamers

Twitch updates its policy on nudity and attire to make rules easier for streamers to follow. Streamers and users have criticised the site for its inconsistency and have said that the rules are too difficult to understand. However, Twitch has left room for its policy to be abused. In a post on the Twitch blog, the streaming site has revealed major changes to its Nudity and Attire policy. Twitch says that it has heard the criticisms that its policy hasn’t been “clear enough about what is and is not allowed…

Hexit? EU and Hungary Battle over European Corona Crisis Pandemic

Hungary looks more like the next potential Grexit or Brexit amid the coronavirus crisis. European leaders see existential threat to the Union from divided national responses to coronacrisis. Hungary’s PM seizes full dictatorial power on indefinite timeline due to coronavirus threat. Former European Commission chief Jacques Delors said on March 28 that a lack of European solidarity, particularly with respect to the EU and Hungary over the coronavirus crisis, presented “a mortal danger” to the bloc. As reported by France 24, Delors said coronavirus threatens the EU’s existence as gravely as…

We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs

The latest Federal Reserve consumer credit report released on Tuesday. It shows record levels of outstanding credit in February: $4.2 trillion. With unemployment rocketing, another financial crisis is around the corner. Total outstanding U.S. consumer credit stood at nearly $4.2 trillion in February. According to the latest consumer credit report from the Federal Reserve, seasonally adjusted consumer borrowing increased by 6.4% in February. As the economy flails through the worst financial crisis in living memory, consumer credit has become a massive liability to consumers and lenders alike. Consumer Credit Bubble…

The PS5 Controller Is Here, and It Looks Freaking Awesome

Sony has finally begun revealing details about the PS5 that the average gamer actually cares about. The latest drop is the design for the new system’s controllers, the DualSense. This new controller design is not only sleek and modern-looking, but it hasn’t lost sight of the DualShock’s iconic design. Official details about the PS5 are starting to come down the line, and not just via boring technical breakdowns by Mark Cerny. Today, seemingly out of nowhere, Sony released the official design for the PS5 controller. And it looks pretty freaking…

Dow Sputters as Trump & McConnell Frantically Reload Fiscal Bazooka

The Dow Jones closed in the red after erasing a 900-point surge. The U.S. stock market suffered negative price-action after a massive gap higher at the opening bell. Trump, McConnell, and Pelosi are all backing more government intervention in the real economy. The Dow Jones completely erased its aggressive rally ahead of Tuesday’s close, as hopes of additional fiscal stimulus from the U.S. government failed to keep the stock market in positive territory. While the long-term effects of all this spending could prove harmful for the stock market, Dow bulls…

Coronavirus Stimulus Fueled a Mortgage Debt Time Bomb That Could Explode in July

The number of people requesting a break from their mortgages has skyrocketed. Even in the improbable event that figure doesn’t rise any more, it’s a staggering amount of debt that’s on hold. Those who are using the mortgage forbearance program won’t have the capacity to pay off their missed payments. Coronavirus has created the sharpest drop-off in employment rates the U.S. has ever seen. Those job losses are now translating into a shocking rate of unpaid mortgages that are about to come crashing down. Under the federal government’s coronavirus relief…

You’re Deluded If You Think Quibi Is a Threat to Netflix & YouTube

Quibi, a mobile-first streaming service, launched in the U.S. on Monday. Content on the platform is restricted to 10 minutes or shorter in length, meaning movies are broken into segments. Quibi has some impressive names lined up, but you’d have to be delusional to think it will ever challenge Netflix or YouTube. It seems like every time I turn around, there’s another streaming service demanding money from me. It all began so promisingly with Netflix. You can throw YouTube in there as well. Hulu? Well, okay. Amazon Prime is a…

Greedy Valorant ‘Fans’ Are Making a Fortune Selling Beta Drops

The Valorant closed beta went live earlier today, drawing in a massive 1.6 million Twitch viewers eager to secure a beta drop. People have now taken to mining beta access drops by creating alternative accounts. Listings on eBay priced in the hundreds of dollars are offering accounts with beta access. Going into today’s Valorant closed beta launch, the demand for access was always going to be massive. Aside from the content creators and streamers who’ve bagged access courtesy of their promotional clout, the average player is left watching Twitch, fingers…

Trillion-Dollar Bailouts are Outlandishly Bullish for Gold Prices

Gold prices don’t yet reflect the radically shifted economic outlook. Debt-funded, multi-trillion dollar stimulus programs will crush the dollar. Consequently the 2020s will be another gold decade. As demand for gold rages to historically unprecedented levels, supply will continue to contract. Gold prices will go parabolic. With the world economy flattened this spring, gold is back in $1,700 territory for the first time since 2012. But gold prices are cheap given the magnitude of the macro shifts happening now. The yellow metal is a long-favored hedge against recession, inflation, and…

What if Coronavirus Never Ended the Bull Market?

Most would agree that stock markets entered a bear market in mid-March, as indices plunged more than 20% from their peak. Ritholtz argues that the bull market that started after the financial crisis has never ended. Even if we are still in a bull market, it might end soon as the economy stares down depression. Some analysts believe the stock market has already bottomed. But what if the bull market never actually ended? After the sudden collapse of the stock markets in mid-March, the general assumption was that not only…