Month: March 2020

Out of the top five worst days in stock market history, two of those occurred within the last 4 days.

by

https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average#Largest_percentage_changes NASDAQ UNOFFICIALLY CLOSES DOWN 981.37 POINTS, OR 12.46 PERCENT, AT 6,893.51 DOW JONES UNOFFICIALLY CLOSES DOWN 3,061.70 POINTS, OR 13.21 PERCENT, AT 20,123.92 S&P 500 UNOFFICIALLY CLOSES DOWN 327.20 POINTS, OR 12.07 PERCENT, AT 2,383.82 — *Walter Bloomberg (@DeItaone) March 16, 2020    

EU Bond market creaking

by

by Desogames No need to make this post long. This one’s pretty obvious. No way in hell do i trust the greek 10 year right now; but i wanted to see if the periphery was disconnecting from the EU’s “core” (and the UK cause why not)   Yep. Betcha didn’t expect that. I didn’t either. Seems … Read more

Bad, very bad

by

Bad, very bad pic.twitter.com/57oSedRHtZ — Jim Bianco (@biancoresearch) March 17, 2020 Investors looking for the bottom right nowpic.twitter.com/9RLb0mn3pi — Nick Maggiulli (@dollarsanddata) March 16, 2020 That makes sense. pic.twitter.com/hKOhF0OQxj — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) March 16, 2020 “The first rule of crisis management is don't fire all your ammunition when it is not … Read more

Alasdair Macleod: The Whole Of Europe Is Shutting Down, The US Is Next

by

Alasdair Macleod interviewed by Dunagun Kaiser on Reluctant Preppers With the global economy shutting down, stock markets and oil and precious metals are all crashing, despite the Fed and POTUS rushing in unprecedented crisis measures. But the real tectonic disruption about to rock our lives is the failure of the currency, and black hole of the debt derivative complex … Read more

Jim Renacci: “The recent Coronavirus outbreak proves that President Trump was right… we need to move away from China and build resilient diversified supply chains.

by

Particularly we must start manufacturing more goods back here in America! #AmericaFirst #MAGA” The recent Coronavirus outbreak proves that President Trump was right… we need to move away from China and build resilient diversified supply chains. Particularly we must start manufacturing more goods back here in America!#AmericaFirst #MAGA pic.twitter.com/AzzlElhBre — Jim Renacci (@JimRenacci) March 16, … Read more

DEMOCRATS SEEK $750 BILLION TO FIGHT THE VIRUS

by

WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. “We will need big, bold, urgent federal action to deal with this crisis,” Senate Democratic leader Chuck … Read more

Why do we keep bailing out one of the richest people in the world?

by

by delelles   https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart The biggest U.S. airlines spent 96% of free cash flow last decade on buying back their own shares. American Airlines Group Inc. — which is not shown in the chart but is included in overall figures — led the pack, with negative cumulative free cash flow during the decade while it repurchased … Read more

Bank Runs have started.

by

Spoke with a manager at a TD bank in New Jersey. She stated the branch had actually ran out of cash. Each customer was withdrawing between $3000-$7000. They had to truck more cash in just to cover the demand. It appears people are extremely wise to what is coming.   A Bank of America branch … Read more

Trump Admin calls out Chinese Ambassador About Virus Lies

by

While the media continues parroting Chinese Communist Party (CCP) propaganda in the face of the Wuhan virus, the Trump administration is firing back. In response to the outrageous charge from a Chinese Ministry of Foreign Affairs spokesperson that the U.S. Army might have been behind the transmission of the Chinese coronavirus to Wuhan, the State Department … Read more

PENTAGON DEFENSE secretary TO QUARANTINE

by

See new Tweets Conversation Jack Detsch @JackDetsch_ALM Just in: Pentagon will physically separate Defense Secretary Mark Esper & US military’s top officer Gen. Mark Milley amid the coronavirus outbreaks, Chief DoD spox Jonathan Hoffman says. Staffs will communicate via teleconference. DoD will screen those who go into Esper’s suite Just in: Pentagon will physically separate … Read more

What Happens when the People are Confronted by a Government Financial System that Crumbles before their eyes?

by

by Martin Armstrong Congress has been out to breakfast, lunch, and dinner. The national debt keeps growing reaching around $23 trillion, yet Congress as an institution points fingers across the aisle toward the other party to always find a scapegoat. Both parties share the blame and neither party is ever interested in even discussing the … Read more

Europe Melting Down – Central Bank Chaos

by

by Martin Armstrong The European markets are crashing from the currencies to the debt – even the Bunds. The smart capital is realizing that this is the end-game. Central Banks are in a state of absolute crisis. We are looking at the extreme volatility that is required to eventually create the slingshot. As we head … Read more

Lockdown NOW, crisis till August: Trump says there are ’15 days to stop the spread’ and old must stay home, gatherings over 10 people end, and schools, offices bars and restaurants close to beat coronavirus

by

President Donald Trump on Monday released a series of coronavirus guidelines to slow the spread of the disease The two-page list is called ’15 Days to Slow the Spread’ After 15 days the guidelines will be revisited  The guidelines advise avoid eating in restaurants and bars along with no social gatherings over the number of 10 … Read more

Liquidity issues in the MBS and Treasury Markets

by

by istural During today’s Fed call, they made a very important statement. This statement was that “There have been liquidity issues in the MBS and Treasury markets.” They further went on to explain “Even during the Repo operations, we were not seeing the liquidity that we needed, and this is what spurred us to take … Read more