Link to press release Content: The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses. The … Read more
by Michael Snyder If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history. Of course what we have already witnessed is difficult to believe. Last week more than 3.2 million Americans filed initial claims for unemployment benefits, … Read more
https://twitter.com/RealDavidJensen/status/1243993948323897345
Two extremes. Energy high-yield credit spreads just reached record levels while WTI prices are at 18-year lows. Previous divergences marked major turns in oil. Oil could be in the process of bottoming. pic.twitter.com/F2lxVKxXmf — Otavio (Tavi) Costa (@TaviCosta) March 31, 2020
EVERYONE on Bloomberg TV thinks this is the buy of a lifetime RIGHT NOW! It all over!!!! They are so bullish they even believe the Chinese don't lie.@FerroTV https://t.co/u5mdHHCBoE — Jim Bianco (@biancoresearch) March 30, 2020 The S&P 500 closed today at a "generational buying opportunity" not seen since, um … mid-January 2019. Nice clearing … Read more
The big question: Who is going to bail out whom? -Plunging corporate earnings & household consumption-Government spending skyrocketing-Economy falling to pieces The US government is broke. Increasing money supply won’t fix anything. It's time to buy gold & sell stocks. pic.twitter.com/CiAjibBzwy — Otavio (Tavi) Costa (@TaviCosta) March 29, 2020 M2 money supply only surged like … Read more
Tavi Costa: Trump's re-election relies on a strong U.S. economy. The virus outbreak cannot be fought off with monetary policies. Scary times for risk-on assets especially at such a late stage of the economic cycle. @TaviCostaFull interview: https://t.co/M0iWcHzzVu pic.twitter.com/rp6xlwOXgu — Silver Bullion (@SilverBullionPL) March 30, 2020
by jkracx chart Resistance points 1. We just barely broke through a strong trendline (brr power bull trap?) into a phat double top Now we’re about to hit the .382 Fibonacci retracement point (Not easy to break through) We’re also about to hit the 20 day moving average and the death cross Volume Volume has been significantly … Read more
Why Taiwan has become a problem for WHO. “Taiwan is seen as one of the few places in the world which has successfully stemmed the spread of the coronavirus without resorting to draconian measures. But despite its efforts, it is still effectively locked out of membership in the World Health Organization (WHO) due to its complex … Read more
via politico The Trump administration has approved the first system for sterilizing specialized face masks worn by front-line health workers battling the coronavirus, potentially easing the severe shortage of the protective gear. The FDA also reversed course on a daily cap for the decontamination system, less than 24 hours after Ohio’s Republican governor criticized the FDA … Read more