Month: April 2020

via WSJ Restaurant chain is among first to disclose SBA funds received under federal rescue package The owner of the high-end Ruth’s Chris Steak House chain is among the first public companies to disclose it has received a government-backed loan to keep people on its payroll. Ruth’s Hospitality Group Inc., a company with more than … Read more

Banks are being conservative which might suggest that all of this is “priced in”. They’re borrowing like crazy with the Fed rate at 0.25% and they’re using that capital to pay down old, higher interest liabilities i.e. collectively, they’re handing it back to the Fed. None of that looks good or sounds good from a … Read more

https://twitter.com/DonDraperClone/status/1250873599143088133 Wall Street banks are lending billions of dollars to desperate companies these days, like hotelier Marriott International and concert producer Live Nation Entertainment https://t.co/NB1hgPgQK6 — Bloomberg Markets (@markets) April 16, 2020 "A CEO who stands by their short-term targets that were set right before this virus hit, I don’t know what planet they’re on. … Read more

by ksixi I’m more bullish than probably 80% of folks on this site, but this trial data is useless. First of all, 125 patients is a tiny sample size. Second of all, 2 patients died, which is a 1.6% fatality rate for patients who were probably receiving the best medical care available in the world. … Read more

https://www.youtube.com/watch?v=_naE9vPwctc The [CB] has now pushed the country to the edge, the patriots are now countering it with currency from the [CB]. The plan was about gaining leverage, to bring companies back to the US, by force if necessary. This leverage is undoing they have done to the US economy since 1913. The [DS]/MSM/D’s plan … Read more

by Chris Martenson of Peak Prosperity Award-winning investigative journalist Matt Taibbi penned perhaps the most iconic condemnation of the bankers who created (and subsequently got bailed out during) the Great Financial Crisis: “The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the … Read more

https://www.youtube.com/watch?v=LLVMRIW81jc Mike LaChance from The Gateway Pundit reports, It’s amazing how much the left has revealed itself during this crisis. Stephanie Ruhle of MSNBC recently wondered aloud on the air if Joe Biden should set up a shadow government to hold TV pressers like Trump is doing with the real government. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020…

https://twitter.com/marietheresa3/status/1250554988268589057

by HTTP_404 Media Coverage Of Kavanaugh Was Criminal. Here’s How They Can Fix It Going Forward. By Mollie Hemingway “Coverage of the Joe Biden sexual assault allegation definitively shows that the media protect political allies who are accused of sexual assault and attempt to destroy those they perceive as political opponents. It’s nowhere near sufficient … Read more

I sh*t you not… he said this. After President Trump announced this week that the United States will halt monetary contributions to the WHO pending a review into the organization’s handling of the virus, specifically as it relates to the organization’s relationship with China, the South Carolina Republican recommended that Microsoft founder Bill Gates take … Read more

"Reopen the economy" doesn't mean reopen at full capacity. Q's the markets aren't factoring: How many small bizs can operate at 50% revenue for 6-12 mos. upon their respective state's reopening? How many can operate at 80% for 2 years? What happens if 10% UE is the new normal? — John Tuld (@BradHuston) April 16, … Read more

The concept of the Fed as a "drug dealer" is not just an analogy (metaphor??) – it's how they see themselves. This is an actual Dick Fisher quote, on CNBC a while back. https://t.co/WBaK6GYMJc — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) January 6, 2020 #recession … #Fed #FrontRun edition https://t.co/A9k6t8JAs6 — Invariant Perspective (@InvariantPersp1) April … Read more

by FS FS Insider recently spoke to hedge fund manager Felix Zulauf to get his take on the state of the global and U.S. economy. Felix shared his thoughts on what a recovery could look like and why he sees this as a long-term issue. Read below for excerpts from his interview on FS Insider. … Read more

Credit challenges becoming ‘more widespread and more acute’ Atlanta Fed chief urges governments, banks to provide support Federal Reserve Bank of Atlanta President Raphael Bostic said many U.S. businesses will struggle as early as next month to survive amid coronavirus-related shutdowns and urged both governments and banks to provide relief quickly to help prevent widespread … Read more

by WilburLarch Paypal was the best and fastest funding choice for us after the SBA and Chase both failed to move on our apps or should I say just FAILED. $217,000 funded today via Paypal to keep our 28 employees employed. 4/14 2:00PM – Submitted app with copies of our quarterly payroll reports to Paypal. … Read more

https://twitter.com/hollandcourtney/status/1250560991969988608

by jochexum I think everyone on this sub is fully aware the sba has bungled the eidl rollout. that said, there at least seems to be some measure of fairness or at least consistency in the SBA’s process. first in, first out. everyone dealing with the same rules. even though they’ve taken it upon themselves … Read more

by hjaltlander Specifically I was thinking the major European companies like Shell and BP. BP down to lows not seen since 1997. Shell down to lows not seen since 1996 One of the major drivers for the low oil stocks worldwide is the expected collapse of US shale. However, BP especially is not particularly exposed … Read more