By Harry Dent We’re now in week two of serious disruption as a result of the coronavirus, and the markets are in the middle of what’s looking like an extremely steep crash. Only 1987 can compare, and those circumstances were totally different. I’ve spent the week trying to sort out what we should expect to … Read more
Orange Man isn’t so bad afterall…
The simple test can show how many people have really been infected. U.S. researchers not only developed a simple antibody test for the new coronavirus (SARS-CoV-2), they shared the instructions on how to make the test online, so that labs around the world could replicate it. Labs could easily scale the test “to screen a … Read more
by David Haggith You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death. It’s happened via face-plant … Read more
President Trump, moving with haste to slow the spread of the coronavirus, is preparing a plan to mobilize the National Guard to help enforce a two-week quarantine of the public if his tough-love efforts so far fail. The unprecedented action would require everyone to “stay at home,” according to a source knowledgeable of the evolving … Read more
26,000 employees that were notified of layoff’s. https://finance.yahoo.com/video/amc-ceo-coronavirus-closings-caused-193352495.html https://www.msn.com/en-us/money/video/amc-to-close-us-theaters-for-6-12-weeks-we-need-relief-right-now-says-ceo/vi-BB11qD92 AC
Truck Drivers / Trucking companies often find out things before anybody else, especially in an emergency situation that we are in because without truck drivers everything stops and we see and learn a lot across the country and at shippers and etc. It is now being expected that mass shutdowns/lockdowns and people not allowed to … Read more
FRIEND OF THE WORKER: They were promised pay until November, no matter what. UPDATE: From the comments: “Dang, you’d think Mike Bloomberg would care about the little people.” Related: h/t GR
A comment on Zero Hedge: Now, lets summarize what is currently happening -Somebody’s precious little bioweapon escaped the lab probably 6 months ago -Practically everything is shut down right now. I haven’t seen my town this quiet since 9/11 -All major sportsball events are cancelled -Practically all large events are cancelled -We still have barely … Read more
The [DS] continues to push their event, this is failing. Trump and the patriots are preparing for a major operation. Trump started the narrative of a cure and the MSM will not acknowledge it. The pill will be hard to swallow, but when the patriots unseal the indictment much will be revealed. The patriots have … Read more
HARSH, BUT FAIR: Related: Also: And: You want less criticism? Stop being such garbage. Every time China kicks out some of their fellow journalists the White House press corp responds by attacking Trump using China’s preferred narrative to ingratiate themselves with Beijing. h/t GR
https://www.thestar.com.my/lifestyle/entertainment/2020/03/21/country-star-kenny-rogers-dies-at-81 AC
Goldman Sachs economists forecast a historically sharp and swift recession, with second-quarter GDP sinking a stunning 24% after a 6% decline in the first quarter. The economists had expected a decline of 5% in the second quarter, after a flat first quarter but they said social distancing measures have affected many sectors of the economy … Read more
Watch the latest video at foxnews.com A staff member in Vice President Mike Pence’s office has tested positive for coronavirus, a spokesperson for Pence announced Friday evening, making that the first White House staffer known to have the virus. “This evening we were notified that a member of the Office of the Vice President tested positive for the Coronavirus,” … Read more
https://twitter.com/LordPolemos/status/1241048837197725697 https://twitter.com/Techs_Global/status/1241063958666194954 The largest US investment-grade bond ETF ( $LQD ) has given up a decade worth of gains in a matter of days @SoberLook pic.twitter.com/2OqtRrjoTu — The Long Game (@7LongGame) March 20, 2020 https://twitter.com/NorthmanTrader/status/1241033792833433610 U.S. economy deteriorating faster than anticipated as 80 million Americans are forced to stay at home [Washington Post]
by The Phoenix The coronavirus has burst the Everything Bubble. Regardless of what happens with the economy or the virus, the damage has been done to the massive debt bubble. Across the board, credit and debt markets have ended their bull markets. To fight this situation, the Fed has gone NUCLEAR with monetary policy. In … Read more
Late last night (Wednesday, March 18th, 2020) the Fed announced on Twitter a new alphabet soup bailout program. This is another bailout program from 2008 that was dusted off.
With a worldwide pandemic taking place, the economy is taking a nose-dive into a recession. The unfortunate turn in events has many people worried about their financial future as companies begin their rounds of layoffs. Unfortunately, this chain of events happened after FICO, or the Fair Isaac Corporation, had already announced that their current FICO … Read more
Do you think that most central banks will eventually buy stocks? The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, the Bank of England, RBA, and every other central bank are completely exhausting all options. “Helicopter” Ben and Janet Yellen have now suggested the Fed … Read more
Gerald Celente: "IT'S GOING TO LEAD INTO THE 'GREATEST DEPRESSION' IF MEASURES AREN'T TAKEN TO TURN IT AROUND" https://t.co/UqmhPYjlSI pic.twitter.com/nu6KU109rG — Gerald Celente (@geraldcelente) March 20, 2020
by cinemagical414 Every financial crisis is exactly the same. Investors figure out a fun new way to make money, lever up their investments, convince dumber investors and businesses to buy in, lever up some more, spread the risk around the entire financial system, and ride the wave up until it crests and crashes. In the … Read more
via mercurynews As the United States gradually shuts down in a bid to slow the spread of the coronavirus, the trucking and tire industry is appealing to the government to allow gas stations, rest stops, and repair facilities to remain open to keep deliveries rolling. Pennsylvania’s Department of Transportation, for example, shut down all of its … Read more
https://twitter.com/Southrngirl77/status/1240723268434305025 The Supreme Court has been giving President Donald Trump recent wins. And in a close decision, they have handed him another one. The nation’s highest court recently took on a case involving undocumented workers and ruled that illegal aliens who steal Americans’ Social Security numbers can be charged with a crime. The SCOTUS issued … Read more
LANSING (WWJ) – In another move to help prepare during the fight against coronavirus, Governor Gretchen Whitmer is calling up the Michigan Army National Guard. Whitmer said the National Guard will assist the Michigan Department of Health and Human Services with assembling and delivering critical personal protective gear, such as gloves, gowns and face shields, … Read more
Karatbars International GmbH has proven to be a company that loves and believes in gold. In fact, the whole existence of the company is built on gold. It plans to restore the glory days of gold, to push it beyond what it is currently being used for. This Company offers physical gold in small denominations … Read more