San Francisco is going the way of Italy with its coronavirus safety measures — the Mayor’s instituting around-the-clock curfew, banning almost everyone from leaving their homes. Mayor London Breed announced what she calls a “defining moment” in U.S. response to the pandemic. Beginning at 12 AM, all residents within the city can only leave home for doctor’s … Read more
by SS2907 This panic has been going on for roughly a week and a half now and people are losing their shit, we all know this. City governments, including watershed departments are shutting down. Some news I found out today actually. The virus is still spreading rampant and my best guess is that most of … Read more
by kotdbt For those who have been through a prolonged bear market, feel free to skip or just comment “ban”. For the newer folks here, be prepared to have your emotions fucked with big time over the next few months. Markets can’t go straight down and in order to syphon money into the market so … Read more
by MortalDionysus This is the principle I’ve invested on, this is the principle I’ve thrived on. In early 2007, there were many of us who could clearly see a storm was coming. When you’ve got people saying things like “they aren’t making any new land, real estate can only go up forever!” you know you’ve got irrational … Read more
NEW YORK (Reuters) – The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression. The rising global toll from the pandemic and the uncertainty over how far it may spread has left investors … Read more
by Martin Armstrong Europe has moved as expected and banned short selling in Italy, Belgium, Spain, and France. Politicians fail to realize that it is ONLY shorts who are buying during a panic. Without the short-players, there is NO BID which makes markets far less liquid. Whatever politicians can do seriously wrong, they are doing … Read more
https://www.youtube.com/watch?v=2uH1KltEYCI
https://www.judicialwatch.org/press-releases/judicial-watch-lawyers-for-hillary-clinton-ask-appeals-court-to-overturn-order-for-her/
https://www.youtube.com/watch?v=U-wCVQi8_Jo https://www.youtube.com/watch?v=5OKt6KsCPE4
https://youtu.be/zfjcEiW-Rzc
There’s been talk throughout the digital age of allowing senators and representatives to vote remotely, but the coronavirus crisis is prompting renewed interest in the idea. “Not so fast,” warns Government Affairs Institute Senior Fellow Joshua Huder, who then lays out what I find to be a convincing case for not going in that direction. For one … Read more
by ArtoriusSmith It’s important to note the distinction between an investment bank and a commercial bank. As an investment bank, the assets Lehman Brothers managed for people (stocks, bonds, etc.) are not guaranteed to hold their value but they are insured Securities Investors Protection Corp. If for some reason Lehman Brothers had not been able to … Read more
by fixin2wander I have a 12 week old and have spent very little through these ways. Maternity clothes – your wife shouldn’t need too much, it will depend how big she gets and how fast. I only spent $42 on maternity clothes by getting cheap stuff at H&M (I bought some long-sleeved shirts for $1-3 each, … Read more
by mart1373 I’m sure this will get buried among the many posts today, but it bears repeating: short-term fluctuations in the stock market are short-term. The fact that the market is down right now does not affect your long-term investment outlook, as stocks are a long-term game. If you sell now, you will lose out on … Read more
by pendesk33 Same in Chicago
by YesImEm Me again from Ireland. Overnight, 100,000+ jobs have been, at least temporarily, lost SOLELY because of the pub closures. We are only at 223 cases. Or 0.0046% of the population. Look at ISEQ, DAX, FTSE, FTSE MIB, CAC. They’re at their five, in some cases TEN year lows. These can serve as leading … Read more
https://twitter.com/eaves_dropp_er/status/1239687879997173766
by Rec Digital money printing has one purpose only and that is to destroy the underlying fiat paper in hyperinflation: https://finance.zacks.com/stocks-behave-during-hyperinflation-8335.html Japan has been a beta test to see how far a central bank can go with an industrialized countries printing press as they massage the numbers and continue printing while trying to hide the … Read more
by The Phoenix Someone or someones are in MAJOR trouble. Back in September 2019, the Fed announced it would begin implementing a number of repurchase “repo” programs. If you’re unfamiliar with repo programs, these are programs through which the Fed allows financial banks/ institutions to park assets at the Fed, in exchange for cash. At the … Read more
#BREAKING: Trump to propose $850 billion stimulus for coronavirus response https://t.co/yXmI3M9cw2 pic.twitter.com/fPNfHkdSbB — The Hill (@thehill) March 17, 2020
by Ambrosius Theophilus In a week to two weeks time, when all the business have been forced to close down; when kids have been home from school without any recourse to daycare; when nobody ventures outside due to fear and uncertainty; when all the industries that cater to hospitality, service, and travel are forced to lay … Read more
Amazon says it plans to hire thousands of new warehouse employees following a “significant” increase in workload and demand for online delivery services amid the coronavirus outbreak. In a memo obtained by The Wall Street Journal, the company said it planned to hire around 100,000 new employees and called the current surge in orders brought … Read more
by bld2527 The whole world is shut down. US has 50% of jobs at risk. https://www.cnn.com/2020/03/16/economy/job-losses-coronavirus/index.html When the job changes in the coming week are counted it could show a loss of as many as 1 million jobs, according to Kevin Hassett, the former chairman of the White House Council of Economic Advisors under President Donald Trump. … Read more
