Month: April 2020

Volatility will rule for a long time imo as the fed will have ever more to prop up to keep this ship patched together.

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https://twitter.com/hks55/status/1251249534728056832 Guggenheim’s Minerd Sees Chance of S&P Falling as Low as 1,200: Bloomberg https://t.co/Y7im6qQmLm — Win Smart, CFA (@WinfieldSmart) April 17, 2020 https://twitter.com/edwardnh/status/1251197963227070464 https://twitter.com/NorthmanTrader/status/1251109157958225920 🔰Conference Board Leading Economic Index Sees Largest Decline in Its History🔴🔴🔴 #recession #depression pic.twitter.com/24ZY5GCYLr — Antonio Pérez-Algás (@apanalis) April 17, 2020 Curious your thoughts on the implications of the world’s second … Read more

More questions than answers. Luckin Coffee accounting scandal highlights the murky standards of China Inc.

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by ilikepancakez Analyst report from Nigel Stevenson at GMT Research, a Hong Kong based accounting research firm: https://www.gmtresearch.com/en/research/luckin-coffee-more-questions-than-answers/ Summary / Highlights I found relevant : Even if the alleged fraud was the work of a small group of individuals, it is hard to understand how the board and senior management failed to spot the fabrication of … Read more

Charlie Munger: ‘The Phone Is Not Ringing Off the Hook’

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https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006 “Well, I would say basically we’re like the captain of a ship when the worst typhoon that’s ever happened comes,” Mr. Munger told me. “We just want to get through the typhoon, and we’d rather come out of it with a whole lot of liquidity. We’re not playing, ‘Oh goody, goody, everything’s going to … Read more

Has anyone else noticed that the Fed’s Main Street Expanded Loan Facility program can be acronymized as “F-MSELF”?

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by 4d39faaf-80c4-43b5 Aggregate Funds Available – A Federal Reserve Bank will lend up to $600 billion to a Special Purpose Vehicle (SPV), which will in turn purchase participations in either new loans under the Main Street New Loan Facility (MSNLF) or upsized tranches of existing loans under the Main Street Expanded Loan Facility (MSELF). The … Read more

WTI under $20 a barrel is big story. But to see the JKM LNG benchmark barely above $2 per million British thermal unit is even bigger. And it appears that more pain is around the corner

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WTI under $20 a barrel is big story. But to see the JKM LNG benchmark barely above $2 per million British thermal unit is even bigger. And it appears that more pain is around the corner | #LNG And please, do follow @SStapczynski and @a_shiryaevskaya for all LNG news. https://t.co/LgO5XKcA9y — Javier Blas (@JavierBlas) April … Read more

Trump threatens to adjourn both chambers of congress – something no president has ever done

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Donald Trump is threatening to use a never-before-employed power of his office to adjourn both chambers of Congress so he can make “recess appointments” to fill vacant positions within his administration he says Senate Democrats are keeping empty amid the coronavirus pandemic. Mr Trump opened his daily virus press conference on Wednesday by griping about … Read more

Shopify CTO: “our platform is now handling Black Friday level traffic every day.”

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by dvdmovie1 As we help thousands of businesses to move online, our platform is now handling Black Friday level traffic every day! It won't be long before traffic has doubled or more. Our merchants aren't stopping, neither are we. We need 🧠to scale our platform.https://t.co/e2JeyjcEeC pic.twitter.com/6lqSrNUCte — Jean-Michel Lemieux (@jmwind) April 16, 2020 Goes along … Read more

@BNOdesk “NEW: Ecuador’s Guayas province, where 187 people are confirmed to have died of coronavirus, recorded 6,700 deaths from all causes during the first half of April, significantly higher than the 1,000 average – BBC”

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NEW: Ecuador's Guayas province, where 187 people are confirmed to have died of coronavirus, recorded 6,700 deaths from all causes during the first half of April, significantly higher than the 1,000 average – BBC — BNO News (@BNOFeed) April 17, 2020 An excess of 5700 deaths in 2 weeks would be very noticeable. It’s hard … Read more

Large hotel, restaurant companies getting small-business loans want to spend less of the money paying workers

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The Pennsylvania investment firm that owns the Ritz-Carlton Coconut Grove in Miami has applied for as many as 48 taxpayer-backed loans under an emergency program meant to help the nation’s smallest businesses hang on to their employees through the coronavirus pandemic. A Maryland hotel company that did more than $1.5 billion in revenue last year … Read more

NatSec Source: Trump ABRUPTLY ORDERS BOMBER FLEET OUT OF GUAM

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The U.S. Air Force has ended its uninterrupted rotations of bombers to Andersen Air Force Base on Guam, which have been ongoing since 2004, as it shifts to a less predictable concept of operations. Five B-52H Stratofortresses left yesterday with no replacement aircraft in place, bringing an end to what the service had called the Continuous Bomber Presence Mission. This … Read more

Dr. Campbell Woke Up…

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FINALLY. I guess it takes a situation like this to put things into perspective. To learn for the future Reduce global infrastructure dependency, improve local provision Have localised means of producing essentials such as drugs Lock down highlights the importance of our contact with the natural world Live with the other animals on the planet, … Read more

Texas reopening starting next week

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Gov. Abbott unveils plan to gradually reopen Texas The governor has emphasized it would be gradual and not everything would open all at once. Author: Michelle Choi, Jaime E. Galvan, Ciara Rouege (KHOU) Published: 7:10 AM CDT April 17, 2020 AUSTIN, Texas — Gov. Greg About issued a series of executive orders Friday that will help … Read more

Who Calls The Shots? Trump, The Governors, The Constitution, And The Re-Opening Of America

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(by Half Dollar) It’s a good question: “Who calls the shots”? This has certainly been one of the hot topics all week long, and during yesterday’s Coronavirus Task Force press briefing, the Trump Administration even unveiled their guidelines for re-opening America. Tom Woods has made an interesting podcast about this very issue and more. From The Tom Woods Show: … Read more

U.S. Oil Major Voluntarily Cuts 200,000 Bpd

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By Tsvetana Paraskova ConocoPhillips is reducing its 2020 capital expenditure for the second time in one month and is curtailing some production in Canada and the U.S. until market conditions improve, the oil and gas producer said on Thursday, joining other U.S. firms that have already cut spending budgets twice since the oil price collapse in early … Read more

What Should You Know About Online CFD Trading?

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We can define CFD trading simply as buying and selling CFDs. CFD stands for contract for difference and CFDs are derivative products since they help you speculate on different financial markets. This includes cryptocurrencies, commodities, indices, Forex, and shares. You do not need to be the owner of the asset in order to participate in … Read more

President Trump’s Very Serious Tweets A Call to Rise up?

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Donald J. Trump @realDonaldTrump · 5m LIBERATE VIRGINIA, and save your great 2nd Amendment. It is under siege! Donald J. Trump @realDonaldTrump · 8m LIBERATE MICHIGAN! Donald J. Trump @realDonaldTrump · 9m LIBERATE MINNESOTA! LIBERATE VIRGINIA, and save your great 2nd Amendment. It is under siege! — Donald J. Trump (@realDonaldTrump) April 17, 2020 https://twitter.com/realDonaldTrump … Read more