Month: April 2020

As the new coronavirus took root across America, the US Centers for Disease Control and Prevention sent states tainted test kits in early February that were themselves seeded with the virus, federal officials have confirmed. The contamination made the tests uninterpretable, and—because testing is crucial for containment efforts—it lost the country invaluable time to get … Read more

by iDestinyXD A lot of people been wondering what would happen to the oil price after the states reduce some of the restrictions. I recommend caution because of the storage shortage and demand reduction for oil. Unless OPEC+ and the US decided to cut production again. Then, maybe buy the news with extra caution. Readings: … Read more

by codeslingingslave TLDR; There is a massive shift to E-commerce under way across all demographics, and especially under boomers and older people who have resisted online buying. With the spread of the virus, these demographics are shifting to online buying, expanding the market by 50%. Younger people ordering online are doing it even more. The … Read more

BLOOMBERG – The government also said that companies which pay out dividends, buy back own shares or are registered in tax havens won’t be eligible for any of the aid programs, which now amount to a total of 400 billion kroner, when including loans and guarantees. https://www.bloomberg.com/news/articles/2020-04-18/denmark-extends-business-aid-to-increase-spending-by-15-billion In America that would mean they couldn’t bail … Read more

by paperlevel I just want to make some sense of Ray Dalio’s recent comments: Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now and possibly for years because of money-printing by central banks to rescue the global economy. “This period, like the 1930-45 … Read more

https://www.morningstar.com/news/marketwatch/20200418118/wave-of-corporate-defaults-could-reach-more-than-20-despite-feds-foray-into-buying-junk-bonds-warn-analysts Just to get in front of the “Fed will buy everything, so no problem, bro” sentiment…the analysts understand that. Also, as I continually say the Fed buying bonds means tighter spreads; it doesn’t mean the companies can pay even at tighter spreads. If companies don’t have the revenue to service the debt, they default. … Read more

Doing some rough math, it looks like the combined value of the U.S. stock market gains off of the recent lows is roughly equivalent to the combined actual-plus-announced increases in the National Debt. — Jeffrey Gundlach (@TruthGundlach) April 19, 2020 The Fed printed a TON of money and it all ended up in the stock … Read more

by rasuzuki via forbes: ​ The Federal Reserve just made the problem of financial firms considered ‘too big to fail’ a whole lot bigger. That’s because the U.S. central bank has hired private equity giant BlackRock BLK, which manages some $7 trillion in assets, to run purchases of corporate bonds and commercial mortgages that are part of its response … Read more

by Neat-Wolf Behold, the beginning of the end, including both private and public companies: True Religion 4/13 XFL 4/13 Frontier communication 4/15 Longview power plant 4/14 Vaps 4/5 LSC communications 4/13 USC Gymnastics and Baseball attaining Center 3/3 White Petroleum Corp 4/1 Hin Leong Trading 4/19 Yuma Energy 4/16 CityJet 4/18 Krystal Burger Restaurant 1/21 … Read more

by laxmolnar No BS or Filler, just knowledge as too many are giving out bad knowledge on the gas industry from my 25 year old perspective. Read this through for my thoughts or just review the bullet points as they’re useful. Gas traders have physical Gas pricing of off a daily publisher of prices inside … Read more

by AliceReadsThis Original source https://www.shady-maple.com/farm-market/the-latest-on-what-we-are-doing Rotating checkout lines every hour, cleaning policy for the store and an employee hand washing schedule. Most impressive to me, a relaxed attendance policy. Wish other store especially major chains would be so organized and helpful to both shoppers and employees    

Illinois Dems’ $41 Billion Demand Includes $10 Billion Pension Bailout That Has Nothing To Do With Coronavirus. We need a GOP congress and president, and then we need to condition bailouts on splitting Illinois into two states: Chicago and the ring counties, and downstate.   h/t GR

by XingyiGuy This was my store yesterday just as the credit card machines went down. Lowe’s absolutely cares about profits over people. Over 295k in sales. byu/isthiswitty inLowes Lowe’s sucks at doing anything to prevent this. I went in yesterday with a half mask p100 and some goggles which were bought there in January. People everywhere … Read more