It looks like the state of Pa. wants you to snitch on local businesses that refuse to close. This should be interesting. From the article: “UPDATE 4:30 a.m.: Starting at 8 a.m., Pennsylvania State Police, local officials, the state Health and Agriculture departments and the Liquor Control Board will start enforcing the closure of all … Read more
I REMEMBER WHEN JAKE TAPPER AT LEAST PRETENDED TO BE NEUTRAL: TAKING SIDES: CNN’s Jake Tapper under fire after admitting he didn’t fact-check AOC on Trump-coronavirus claim. #JOURNALISM: h/t GR
via rollingstone The Trump Department of Justice has asked Congress to craft legislation allowing chief judges to indefinitely hold people without trial and suspend other constitutionally-protected rights during coronavirus and other emergencies, according to a report by Politico’s Betsy Woodruff Swan. While the asks from the Department of Justice will likely not come to fruition with a Democratically-controlled House of Representatives, … Read more
by Amy S. Nouriel Roubini predicted the 2008 mortgage crisis meltdown, and in September of 2006 was laughed at to his face by an audience of economists from the International Monetary Fund. The same thing happened to Peter Schiff when he said the sub-prime market was going to be the catalyst of the 2008 recession. New … Read more
Dems picked the wrong time to fuck around with partisan bullshit. The entire public is hyper vigilant on a single issue like they’ve never been before except for maybe 9/11. The MSM just waving a wand and acting like they can control the narrative any way they want simply isn’t going to work this time. … Read more
LONDON — Countries can’t simply lock down their societies to defeat coronavirus, the World Health Organization’s top emergency expert said on Sunday, adding that public health measures are needed to avoid a resurgence of the virus later on. “What we really need to focus on is finding those who are sick, those who have the … Read more
– New Zealand has been lifted to alert level three and alert level four in 48 hours. – Prime Minister Jacinda Ardern said community transmission is a possibility in New Zealand now. She said, “staying at home is essential”. – All non-essential businesses must close in 48 hours. This includes bars, restaurants, cinemas, playgrounds. Essential … Read more
https://youtu.be/3K3fy5eKeuM For weeks now China has been in lockdown because of the new coronavirus. Journalist Sebastien Le Belzic who works in Beijing has been living in quarantine at home with his family. China is taking drastic measures in a bid to contain the spread of coronavirus. New rules are springing up on a daily basis … Read more
by Geoffrey Grider America is being pulled into a fit a hysteria and panic, and conducting a bipartisan massive overreaction which will in no wise end well. How’s this for irony? All of the things that we warned you about during the Obama years, things like martial law, manufactured panic and hysteria, crashing economies and enforced quarantines … Read more
by sundance Man-o-man, this is some high-stakes poker playing, and it’s the United States economy on the table. Mitch McConnell is going to put S.3548 The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, back on the senate floor at 9:45am ET tomorrow, 15 minutes after the stock market starts collapsing. [Read Bill … Read more
After the steepest 22-day decline in stocks ever… You would think bearish sentiment would be at an absolute extreme by now. Nope. AAII Bull vs. Bear ratio just ticked higher and is still above its 5-month lows. Dip buyers haven't thrown in the towel just yet. pic.twitter.com/8bvQzKsMho — Otavio (Tavi) Costa (@TaviCosta) March 22, 2020
GOLDMAN: “Business activity continues to deteriorate at a rapid rate. .. We cut our S&P 500 EPS estimate for the third time in a month and now expect a decline of 33% to $110. On a quarterly basis, year/year EPS growth will equal -15%, -123%, -21%, and +27%.” (Kostin) pic.twitter.com/uqE8xGEKYQ — Carl Quintanilla (@carlquintanilla) March … Read more
In case you are unaware that corporate bonds are blowing up… IG, HY, and leveraged loans’ ETFs just had their largest monthly outflow in the history of the data. The passive bubble is now bursting. ETF providers are on the hook: $BLK $STT $IVZ This mess has just started. pic.twitter.com/RctDFRP30c — Otavio (Tavi) Costa (@TaviCosta) … Read more
Fed throwing the farm at it. If the DOW fails tonight it will be no coming back. — The Great Martis (@great_martis) March 23, 2020 https://twitter.com/NorthmanTrader/status/1242070765962395648 Long-term Treasury yields are falling despite the Fed's stated policy to destroy their value with massive inflation because no private investor will own any to maturity. The Fed is … Read more
Jobless Rate May Soar to 30%… BARRACK: Commercial Mortgages on Brink of Collapse… (Bloomberg) — Real estate billionaire Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers from defaulting. Barrack, chairman … Read more
https://www.youtube.com/watch?v=iSZq1-OY8zc The [DS]/MSM are now trapped the patriots have them exactly where they want them. There is an operation at hand. Look for the message from POTUS, watch each Friday. Operators are standing by, they are ready. AF1 will go from Dark to Light. Be safe.
by Charles Hugh-Smith Essential home lockdown reading. The pandemic is revealing to all what many of us have known for a long time: the status quo was designed to fail and so its failure was not just predictable but inevitable. We’ve propped up a dysfunctional, wasteful and unsustainable system by pouring trillions of dollars in borrowed money … Read more
by Michael Snyder As fear of the coronavirus spreads across America like wildfire, we have witnessed “panic buying” on a scale that is absolutely unprecedented. On Saturday, Zachary Drew posted a video that shows what the shelves at his local Wal-Mart now look like. He lives in Illinois, and now that a “shelter-in-place” order has been issued … Read more
NY State Declared Major Disaster Area After 56 Coronavirus Deaths — Military is Outlining Plans to Take Over Hotels, Dormitories, Arenas to Treat Patients On Friday President Trump declared New York State a major disaster area as the number of confirmed coronavirus cases jumped to 10,356 by Saturday morning. There have been 56 deaths reported in the state due … Read more
The mortality rate for the coronavirus in the US continues to fall as more and more Americans are able to be tested. 12 days ago the US coronavirus mortality rate was 4.06 Today the mortality rate is down to 1.29%! 4.06% March 8 (22 deaths of 541 cases) 3.69% March 9 (26 of 704) 3.01% … Read more
Israeli medical doctor Gai Peleg told Israeli television that in northern Italy the orders are not to allow those over 60 access to respiratory machines. Israeli doctor Gai Peleg, who is currently working to save lives in Parma, Italy, told Channel 12 that things are only getting worse as the number of patients keeps growing. … Read more
Wall Street is only now coming to grips with the dislocation being wrought by the coronavirus The most brutal stretch for global markets since the financial crisis likely isn’t over yet, say investors and analysts who believe it is too early to assess the possible scale of economic damage from the coronavirus. In just a … Read more
The U.S. lockdown to stem the spread of the coronavirus will likely last at least 10 to 12 weeks, or until early June, Treasury Secretary Steve Mnuchin said Sunday. Appearing on “Fox News Sunday,” Mnuchin expressed confidence that actions the Trump administration is taking will shore up the economy, and he said the plans are … Read more
“The effective operation of a production facility for ventilators is only possible in an integrated supply chain with sub-suppliers of components,” wrote Kamann. “To meet the technological and quality requirements, close integration and exchange are necessary. New production lines would only generate additional output if the supply industry were also doubled, which is impossible in … Read more
