Month: March 2020

10,000 Troops arrive in U.K. – WTF is Going On?!

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https://www.gov.uk/government/news/10000-troops-from-13-countries-arrive-in-the-uk-for-major-exercise “More than 10,000 military personnel, 35 warships, 5 submarines and 59 aircraft and helicopters from 13 countries will take part in Exercise Joint Warrior until 11 April. The aim of Joint Warrior is to allow the UK’s Royal Navy, Army, Royal Air Force and their allies to conduct joint operations involving different forces and … Read more

Don’t underestimate a BBB complaint

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by ear2theshell Had a diagnostic in a nationally recognized hospital and paid in full out of pocket the morning of the procedure. No complications during the actual procedure itself, but two weeks after I received a bill demanding payment of nearly 3x the price I was quoted, even though I already paid in full the … Read more

A good short read for times like these for bulls.

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by gambler_no_1 https://www.nytimes.com/2008/10/17/opinion/17buffett.html For those with no nyt subscription – Buy American. I Am. By Warren E. Buffett Oct. 16, 2008 Omaha THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In … Read more

Italy shut down.

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https://twitter.com/NorthmanTrader/status/1241498547868045313 Italy to close all non-essential business activities in bid to arrest spread of the coronavirus and allow the economy to restart as soon as possible. Prime Minister Giuseppe Conte said that supermarkets & pharmacies would remain open along with banks & post offices@business — Danielle DiMartino Booth (@DiMartinoBooth) March 21, 2020  

Companies Hiring During Coronavirus

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by FireteamBravo3 Dollar Tree, which also owns Family Dollar, plans to hire 25,000 workers. 7-Eleven expects to bring on 20,000 new store employees. Amazon intends to hire 100,000 workers. Domino’s is hiring more than 10,000 workers. The medical community is looking for as many health care providers as possible. New York City has even asked private and retired providers to help in … Read more

Gonna be a wild week as support has been breached

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Gunna be a wild week as support has been breached. pic.twitter.com/TXn42fTcWp — The Great Martis (@great_martis) March 21, 2020 🤔Waiting for a final Whiplash if ´87 model is on track @TradersCom @EconGlobal @AlessioUrban @MI_Investments @SpeculaThor @bocajoes @trading24h @LordPolemos @ARCDEPOT @Rafael60980545 @2020ninewaves @mah1mah1 @7LongGame @wheeliedealer @siddiqui71 @rsroc2 @jraixelamarkets @paibad pic.twitter.com/E3X0NkALfD — Antonio Pérez-Algás (@apanalis) March 19, … Read more

Short Take on the Long Line to Recession

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by David Haggith  Just as stocks were taking a morning breather while I was enjoying my coffee as I wrote down these first Coronacrisis recession stats, Goldman Sachs churned out a heart-ripping prediction for the end of the week. It’s been a long line of facts to the recession, but the last step is a doozy! … Read more

Texas oil producers ask state to limit output as prices collapse

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Article: https://www.reuters.com/article/global-oil-shale-regulation/texas-oil-producers-ask-state-to-limit-output-as-prices-collapse-idUSL1N2BD01H So US producers have been looking for some way to end this oil price war while staying within the limits of US law and it look likes they’ve approached the Texas RR commission to use their regulatory authority to do and approach OPEC on the matter. Though there is some opposition from people within … Read more

Marriott CEO says coronavirus is worse than the Great Depression and World War II as he cuts his salary to $0 – while Goldman Sachs says unemployment claims have already risen to TWO MILLION across the US

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Marriott CEO Arne Sorenson said coronavirus ‘is like nothing we’ve ever seen before’ and is having a greater toll than World War II on the hotel industry He axed his own salary and slashed senior exec salaries by 50% Friday Goldman Sachs predicted that a record 2.25 million Americans could enter claims for unemployment benefits … Read more

After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954.

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https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html ‘Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954. “That might coincide in mid-to-late April with some abating of the extreme lockdown in … Read more

Unemployment from 2,000 to 80,000 a day in California

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by biotechvest “We average about 2,000 unemployment insurance claims a day,” Newsom said. “Two days ago or three days, we saw about 40,000 applications. After that 70,000 applications. Yesterday, 80,000 unemployment applications.” I won’t be surprised if it reaches 150K a day by next week. What’s happening is unheard of. California unemployment claims to 80,000 … Read more

Why nobody is getting a bailout

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by dethneer Ok so it seems like every company and industry is coming out of the woodwork to ask the government for a bailout, from hotels to restaurants to manufacturers. Freaking Wendy’s mooned 40% yesterday because of bailout hopes. However they fail to realize that the Trump administration is stingy af and no one is … Read more

Bank of Japan loses up to 3 Trillion Yen ($27bn) in stock ETFs. Decides to double annual purchases.

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by SpontaneousDisorder By the end of the crisis will central banks have just nationalized everything by buying up stocks and corporate bonds? Who gets to vote on this socialization of the means of production? BOJ-Held ETFs Carrying 2-3 T. Yen of Loss: Kuroda Tokyo, March 18 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda said Wednesday … Read more

Russia Won’t Blink First In The Oil Price War

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By Tsvetana Paraskova Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what he sees as “Saudi blackmail,” sources familiar with Moscow’s thinking told Bloomberg. The OPEC+ coalition between OPEC’s leader Saudi Arabia and the leader … Read more

Here’s How to Save America, Mr. President

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by Wayne Allyn Root All my life, four titles have best described me: Conservative, Libertarian, Capitalist and Contrarian. Keeping those in mind, I have great questions and doubts about what roads have been chosen to combat Coronavirus. I think it’s our right and duty to ask questions in a free society. I just don’t know if … Read more

Three months later…global pandemic.

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Police in Central China's Wuhan arrested 8 people spreading rumors about local outbreak of unidentifiable #pneumonia. Previous online posts said it was SARS. https://t.co/oVpk4EIYM7 pic.twitter.com/JXbK9pmq8v — Global Times (@globaltimesnews) January 1, 2020 F*ck the CCP. F*ck communism.     h/t Builder

US Debt To GDP Will Hit New All-Time High In 2020

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by C Hamilton  Summary Coronavirus is no plague or Spanish-flu, but we aren’t who we once were either.  So the end result may be the same?!? The young (representing the future) cannot cover the rapidly growing debt…and the policies to avoid dealing with the debt are ultimately destroying future economic activity. The US is going bankrupt … Read more