Continuing Jobless Claims Hit Record after another 6.6 Million Jobless Claims for a 3-Week Total of 16.78 Million; Demand Freefall – US Oil Consumption Lowest in Over 30 Years

by SpontaneousDisorder Taken from ZH https://www.zerohedge.com/personal-finance/shocking-17-million-americans-have-filed-unemployment-past-3-weeks Why does the stock market pop on this news like the last 2 times? SICK. Chart from bloomberg article https://archive.vn/UCyY2  

Week 3: How Lockdowns Impact Housing & Mortgage Markets

Expensive markets face a new reality: lenders get skittish about jumbo loans. By Wolf Richter for WOLF STREET. It has been a sea change in no time. Banks and nonbanks – the “shadow banks” – are reducing mortgage lending and tightening up lending standards. Nonbanks, which include the largest mortgage lenders, are asking for a bailout because, as … Read more

Mapped: China’s Manufacturing Superpower vs. the World

by howmuch In 2016, then-candidate Donald Trump said on the campaign trail, “My plan includes a pledge to restore manufacturing in the United States.” Manufacturing has remained a major emphasis of Trump’s presidency, perhaps never more so than during the coronavirus pandemic, with the invoking of the Defense Production Act. So, what is the state of the … Read more

Edward Jones Strategist: We’re Not Near the Bottom Yet

Nela Richardson, equity research investment strategist with Edward Jones, assesses this week’s bounce in U.S. equities and warns investors against assuming that the worst is over. https://www.marketwatch.com/video/marketbrief/edward-jones-strategist-were-not-near-the-bottom-yet/007ED448-B152-4DEB-99D9-7A7BEEA847F5.html

The “Rug Pull” is coming….

by Goku_ukoG Ok so a lot of you have to be sitting here wondering why the fuck this market refuses to go down, why your tendies are burnt, etc. Well I want to kind of try and take a second to explain how I see things here from a macro and micro, and why I … Read more

Wanna make some money? Read this!

by settanitti First, There isn’t any good in being perma bears or bulls that is so stupid the only gang that you want to join is PRINTING GANG. Second, This is what I made today +1,193.36, you see how I only make 1 trade? I don’t see any entry point so I didn’t do anything all day, … Read more

FT: Wall Street urges caution as bullish investors rush into recovery bets… IMF predicts coronavirus pandemic will trigger worst global recession since the Great Depression in the 1930s

Thoughts? Wall Street banks are warning investors to brace themselves for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March. The US benchmark S&P 500 index had jumped 2 per cent by lunchtime yesterday, placing it 20 per cent … Read more

Attorney General Barr: What Happened to Trump is One of Greatest Travesties in US History

Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American history, no basis for this investigation, what’s even more concerning is what happened after the campaign, a whole pattern of events… to sabotage the presidency” Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American … Read more

Welcome to the Greater Depression

by Doug Casey There are a lot of questions people are asking themselves today. Among them: How serious is this economic downturn likely to be? How long will it last? How can it be ended? Whose fault is it? The answers to these questions being given by pundits, economists, money honeys, and politicians are, almost without … Read more

Reuters Latest Anti-Gold Propaganda Is Some Of The Most Nonsensical Stuff Yet

(by Half Dollar) Wow. The propaganda is getting pretty bad. This little gem of epic fail came out of Reuters (bold added for emphasis): MOSCOW, April 7 (Reuters) – Russian banks have asked the central bank to resume buying gold for its reserves with exports of the precious metal hobbled by the coronavirus outbreak, their lobby group said. If true, at … Read more

Chris Vermeulen: Models Suggest True Stock Market Bottom Yet To Come

by Chris Vermeulen of The Technical Traders Our Adaptive Fibonacci Price Modeling system suggests a much deeper price move is in the works and the current price rally will likely end near resistance levels identified by the Adaptive Fibonacci Price Modeling system.  We are posting this research post for friends and followers to help them understand the true … Read more

KILLING SMALL BUSINESSES: “Computer issues” at SBA delay small business loans

NEW YORK — Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting Tuesday amid reports of computer problems at the Small Business Administration. The SBA’s loan processing system stopped working Monday, making it impossible for loans to be approved and funds distributed, according to a trade … Read more

Chinese Tool Proves Fragile, Shatters

World Health Organisation’s ‘China centric’ leader launches bizarre attack on Taiwan. The leader of the World Health Organisation has gone on a bizarre rant attacking Taiwan while claiming to be the victim of racist comments and death threats. WHO general manager Tedros Adhanom was responding to calls he should resign for failing to condemn China’s … Read more

Terrifying Video Shows How A Single Cough Can Spread A Cloud Of Coronavirus Across Supermarket That Lingers For Minutes

This terrifying animation shows how coronavirus particles from a single cough can hang in the air “several minutes” and spread across two aisles of a supermarket. Scientists created a computer simulation to study how far the virus can travel indoors – and worryingly found how a cloud of droplets will infect others even after the … Read more

I will be most likely be bankrupt within 3 months

I own a contract tech-services company. Fifty-eight fulltime employees with 379 contractors, the average tenure of which have worked with our company about eight years (very good for this industry). Revenue is down 82% from two months ago. I have put every penny of my wealth back into the company and the corp. credit lines … Read more