by Demandredz Wow, what a crazy week. The S&P 500 ended up down about 20%, developed markets in dollar terms are down about 24% according to the price action in IEFA, and we’re down about 18% in emerging markets (IEMG). Global equities were worth about $90 trillion at the start, and are about $72 trillion … Read more
by cischiral Here is a graph of market up v.s. down days (shamelessly stolen from http://www.wolfstreet.com). Notably BOTH the upward movements and the downward movements have been trending larger over time since the start of the crash. Obviously this trend is unsustainable and it will stop at some point, but at the moment it looks full steam … Read more
Second of Fed's half trillion Dud-zookas and guess how much dealers bid for? $17bln out of $500bln. A crisis is upon us, the scale of which we won’t know for some time, and no one wants the Fed’s “money.”https://t.co/dPogGbgYNA pic.twitter.com/4xjUaqbXye — Jeffrey P. Snider (@JeffSnider_EDU) March 13, 2020 BBB alarm pic.twitter.com/p9xZs6P9ms — Win Smart, CFA … Read more
· Washington has been hunkering down, closing schools, setting limits on numbers for gatherings, canceling events, and self isolating with even mega corps like Microsoft closing their campus and requiring workers to work from home. · Florida: Spring Breakers – ie college students from all over the USA who have not been tested – party on … Read more
by dog https://www.usajobs.gov/GetJob/ViewDetails/549063900 Summary Serve as a project representative for a program responsible for preventing the importation and spread of communicable diseases. Salary $51,440 to $93,077 per year Locations Many vacancies in the following locations: Anchorage, AK Los Angeles, CA San Diego, CA San Francisco, CA Show fewer locations (16) Miami, … Read more
by dev_thetromboneguy
https://www.cnbc.com/2020/03/13/icahn-reveals-his-biggest-short-position-amid-market-turmoil-commercial-real-estate.html Billionaire investor Carl Icahn told CNBC he expects the U.S. commercial real estate market will crumble. He said he is shorting the commercial mortgage bond market, and it’s his “biggest position by far.” He said the housing market bubble of 2008 has “happened all over again.” I guess wework never really stood a … Read more
by BillionDollaWhale There is currently near record amounts of corporate debt that was fueled by extremely long lasting low interest rates. This article was written prior to the virus outbreak, but especially sounds prescient now: https://www.washingtonpost.com/business/economy/corporate-debt-nears-a-record-10-trillion-and-borrowing-binge-poses-new-risks/2019/11/29/1f86ba3e-114b-11ea-bf62-eadd5d11f559_story.html If there is a severe economic contraction due to the virus, does this exponentially get worse if companies start … Read more
Hell freezes over. Gov. Cuomo publicly praises President Trump and the Vice President for corona response Gov. Andrew Cuomo on New York's drive-through coronavirus mobile testing center: "I want to thank the Vice President and especially the President who facilitated this and moved quickly." pic.twitter.com/jEeCsA6WeF — Francis Brennan (@FrancisBrennan) March 13, 2020 ART OF THE … Read more
Does it get worse before it get’s better? Nenner says, “I think we are heading for a depression. Usually we go into a recession at a 6% GDP. Now, we have 1.5% to 2% GDP. Usually, the Fed Funds are 6%, 7% or 8%. Now they are almost zero. What are they going to do … Read more
Trump War Room – Text EMPOWER to 88022 @TrumpWarRoom Joe Biden has no idea when he would be president: “But even I can’t do that for another two year, another year, between now and November. Or actually January.” Joe Biden has no idea when he would be president: "But even I can't do that for … Read more
Unfortunately Congress just passed a bill allowing continuation of intel/law enforcement agencies to infringe on your civil liberties. Patriot Act & Foreign Intelligence Surveillance Act (FISA) needed real reforms to prevent these constitutional abuses. Congress failed to do this. The American people deserve robust debate and discussion in order to craft new laws that provide … Read more
“The Biden 2020 campaign isn’t about following its nominal leader, or even listening to him; it’s about the party pushing him over the line collectively…” “… and about making plans to give him the necessary support once he’s in office, as Booker’s endorsing statement alluded to in references to ‘winning races up and down the … Read more
https://www.youtube.com/watch?v=i0dzKJ-Fs2g
Watch the latest video at foxnews.com U.S. equity markets soared in the final hour of trading as President Trump declared a national emergency over the coronavirus and enlisted the nation’s biggest companies in the fight. A HISTORICAL LOOK AT THE DOW’S BIGGEST SWINGS The Dow Jones Industrial Average surged by over 1,985 points or 9.3 percent. The S&P 500 and Nasdaq … Read more
National Guard activated to combat coronavirus spread in six states, more to follow Dylan Gresik Meanwhile, the National Guard said it would deploy 1,000 troops in six states — Florida, Iowa, Louisiana, New York, Rhode Island and Washington — by the end of the day Friday https://www.militarytimes.com/news/coronavirus/2020/03/13/national-guard-activated-to-combat-coronavirus-spread-in-six-states-more-to-follow/ https://www.foxnews.com/ NG
Makes me think of what Heinlein said, from memory: “Stupidity is the only capital crime. The punishment is always death. There is no appeal.” For Italy, multilateral globalism, plus socialism, equals death. Italy’s in dire need of help. Its health care system is collapsing. The coronavirus has put the whole country in quarantine. There are … Read more
Watch the latest video at foxnews.com via foxnews Employees at the lead consulting firm for the struggling California bullet train project were told to “shut up” and threatened with termination if they talked about the costly infrastructure project, according to a report this week. “I was told to shut up and not say anything,” Mark Styles, who worked … Read more
AGENTS OF INFLUENCE: https://twitter.com/PartymanRandy/status/1238447327360278532 Related: here is yet another NYT columnist repeating the Chinese propaganda line. Please stop doing this. pic.twitter.com/HbXGHyr7DL — PoIiMath (@politicalmath) March 13, 2020 Also: REMINDER: We should be hammering the hell out of China for their culpability in creating this pandemic, to say nothing of their disgusting attempts to push untruthful propaganda … Read more
VIDEO: Tucker: Regular life is all but suspended VIDEO: Tucker Carlson: “What happens if the homeless population gets infected with coronavirus?”
by Builder We get a call from the school district that they are closing for the next week. The week after is Spring Break. So, no school for two weeks. They will offer some online learning. Fine with me. I feel confident now that it would have been the right decision. I live in the High … Read more
Trump to buy oil for strategic reserve to aid energy industry: ‘We’re going to fill it’ President Donald Trump on Friday said he’s directed the U.S. Department of Energy to purchase crude oil for the Strategic Petroleum Reserve. The move was made in an effort to assist U.S. energy producers, which have been battered this … Read more
A gigantic spike at the very end after two of the craziest trading days I’ve seen. Here’s how my trades went. But that’s it for me. I’m staying out of this market, it’s just too crazy. By Wolf Richter for WOLF STREET: Holy moly, that was fast and whiplash inducing. Today, the S&P 500 exploded higher by 9.3% … Read more
How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent? By Steve Saretsky, Vancouver Residential Realtor, Stevesaretsky.com: We live in interesting times. I have been fielding a lot of questions regarding the market turmoil and what it may mean for the Canadian … Read more
