Month: March 2020

Donald Trump Jr. challenged Hunter Biden to debate who has benefited more financially from their fathers’ time in public office. “We can go full transparency, we show everything, and we can talk about all of the places where I’m supposedly grifting, but Hunter Biden isn’t,” President Trump’s eldest son said in a Sunday interview with … Read more

Italy enacted a quarantine for 16million people on Sunday However, flights are still going in and out of those northern quarantined cities including Milan, Venice and Parma The CDC says travelers flying out of Italy and South Korea will be exit screened Travelers landing in US from those countries won’t be checked out after landing … Read more

NEW: CNN says it will now refer to coronavirus as a pandemic: "[It] clearly meets the definition, so CNN will start using that term. It is a pandemic" pic.twitter.com/DQo8C2WdpP — BNO News (@BNOFeed) March 9, 2020

A legal change this week will allow Prime Minister Shinzo Abe to declare a state of emergency to address the new coronavirus outbreak if he deems it necessary. To seek cross-party cooperation, Abe in a rare move met separately with five opposition leaders to ask for support for the legal change needed for him to … Read more

Murad Gazdiev @MuradGazdiev Home quarantine enforcement in Russia: If you violate quarantine but don’t infect anyone – it’s a moderate fine. If you infect someone with #cornoravirus – that’s up to a year in jail. If you violate quarantine, infect someone and they die – that’s 5 years in prison. Home quarantine enforcement in Russia: … Read more

Wait until that echoes around the credit markets. We could see a fund blow up and or banks hit trouble….https://t.co/wA6OMONqc7 https://t.co/2eitWXNnlP — Shaun Richards (@notayesmansecon) March 9, 2020 Dick Bove on banks: “A sharp decline in oil prices will be a body blow to an industry already at high risk.” https://t.co/f4GphtGHZK — Lisa Abramowicz (@lisaabramowicz1) … Read more

by Dans2016   TV talking heads are touting a V-shape recovery and “buy the dip” since last Friday. There won’t be a recovery for some time. Market was a bubble and needs to rests to sane levels. More stupid Fed actions would add to troubles. We’ll have money to adopt a real polar bear soon. … Read more

by UPFINA If this was a normal economic slowdown for cyclical reasons, there would be much more focus on the Fed as it would be trying to save the economy from a recession similar to its actions in 2019 during that slowdown. However, now we have the coronavirus which limits the Fed’s ability to save markets … Read more

by theimpossiblesalad For those wondering, here is the sorted change in position from 1939 to 2008: Sociability: +5 Good looks: +5 Mutual attraction—love: +4 Education, intelligence: +4 Desire for home, children: +3 Good financial prospect: +3 Similar education background: +1 Good cook, housekeeper: +1 Similar political background: +1 Dependable character: 0 Similar religious background: 0 … Read more

by PJExpat I live in Korea and I have been heavily impacted by the coronavirus. No, I’m not sick, and even if I do 100% of my care will be free. I’ve always heard of emergency funds, and so forth. I’ve also always heard of preppers who spend lots of money stockpiling supplies to survive … Read more

by Panosmek The entire yield curve for U.S. bonds fell below 1% for the first time in history after an all-out price war between the world’s biggest oil exporters triggered an unprecedented global bond rally. U.S. Treasury yields plunged, with the rate on 30-year bonds diving as much as 59 basis points, as rising expectations … Read more

by cbus20122 With markets limit down 5% in futures trading, oil down almost 26% right now, and no real resolution of any of the items worrying markets, it’s understandable that we’re getting a lot of posts on here discussing going to cash, selling, reducing risk, etc. I’m not going to argue against the merits of going to … Read more

https://twitter.com/GreekFire23/status/1236999221972172800 Circuit-breakers today: * If the S&P 500 declines 7%, (208 points), trading will pause for 15 min * If declines 13%, (386 pts) trading will again pause for 15 mins * If falls 20%, (594 pts) the markets would close for the day. (via @peterschack) @CNBC — Carl Quintanilla (@carlquintanilla) March 9, 2020 Soon … Read more

https://twitter.com/NorthmanTrader/status/1236997142109196288 “Beginning today the Desk will increase amount offered in daily overnight repo operations from at least $100B to at least $150B…increase amount offered in 2-week term repo from at least $20B to at least $45B” Panic stations. ht ⁦@bondstrategist⁩ https://t.co/VaVJdRizTr — Danielle DiMartino Booth (@DiMartinoBooth) March 9, 2020 Fed is panicking! https://twitter.com/NorthmanTrader/status/1236991222281109505   AC

“She Has Torn This Country Apart” – Trump Declines Invitation to St. Patrick’s Day Lunch with Scorching Letter to Crazed Speaker Pelosi President Donald Trump slammed and snubbed Speaker Nancy Pelosi on Sunday with an announcement he won’t attend the annual St. Patrick’s Day lunch in the Capitol this Thursday. It’s the first time a … Read more

by upvoatz Westworld s03 is scheduled to premiere on Sunday March 15th at 9pm ET. The next debate is scheduled to begin on the same night at 8pm ET. Taking a page from the Clinton / Debbie Wasserman Schultz playbook four years ago, does anyone think it’s odd that: the debate was scheduled on establishment … Read more