(by Half Dollar) This morning started out full of doom and gloom. Check out Fox News channeling the spirits of Orwell while turning the “Hannity” logo into something that looks like some sort of attempt to bring back the show American Gladiators, and if the super-scary digital map of the United States in any indication, the … Read more
By Tsvetana Paraskova One of Canada’s largest oil firms, Suncor Energy, has just announced the issue of new bonds, for which it had to pay triple the borrowing costs that it did for a similar debt issuance last year—a sign that funding costs for energy companies in Canada are surging as the price of Canadian oil collapses … Read more
Photo by Wikimedia.org| CC BY | Photoshopped From Brandon Smith Today, stock market investors are hoping desperately for Weimar-style hyperinflation to boost equities prices to dizzying heights in what some call a “crack-up boom”. In terms of money creation, we are not there yet, but such levels of fiat printing could happen within the next year. Unfortunately for investors, … Read more
A sailor aboard the USS Nimitz tested positive for coronavirus, marking the fourth U.S. aircraft carriers with sailors affected by the virus. The sailor tested positive for coronavirus last week, according to three defense officials who spoke to Politico. Another sailor assigned to the aircraft carrier also reportedly tested positive with coronavirus, though they were not aboard … Read more
This exceeds the previous record by almost 100%… by Harvey Organ of Harvey Organ Blog APRIL 7A//GOLD UP SLIGHTLY AT 30 CENTS TO $1650.60//SILVER UP 26 CENTS TO 15.11//AT THE GOLD COMEX ALMOST 84 TONNES IS STANDING FOR THE MONTH FOR DELIVERY: EXCEEDS PREVIOUS RECORD BY ALMOST 100%//THE ECB FOR THE FIRST TIME ACCEPTING GREEK DEBT..MUST NEED FOR … Read more
by -TiredOfAllThisShit- I know volume is somewhat irrelevant for our analysis but every time I open a chart on a stock, I realise the stock’s volume is not at all comparable to what it was verified in the financial crisis. Obviously we are still in early stages and we don’t know how severe this year … Read more
via Zerohedge: With America’s small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US bank, JPMorgan Chase has been inundated with more than 375,000 requests for $40bn of loans under the $350bn small business rescue scheme, a higher number … Read more
https://www.youtube.com/watch?v=ZhIRaU3MFuM Bank runs and bank failures is the new reality in many countries as credit crunch is becoming a challenge within this world economic collapse. Some of the biggest banks in the United States, UK, Europe and all over the world have find themselves in an economic storm that is bigger than the 2008 bank … Read more
https://www.youtube.com/watch?v=ofjMzM8PceM Nick Arama from RedState reports, CNN really takes the cake. That animosity toward President Donald Trump throughout his time in office has been shameful. CNN has even continued to place that narrative over informing the American public in the middle of a crisis, refusing to cover the full Trump briefings on the virus response … Read more
https://www.youtube.com/watch?v=aLhHPjdUcPQ Amanda Thomason from The Western Journal reports, Those of us who don’t perform “essential” jobs that require us to still be out in public right now can’t fully understand the feeling the essential workers have as they head to work, knowing that today might be the day they expose themselves to CV. Read More/Source/Credit/FairUse: … Read more
City of Toronto staff say approximately $200,000 worth of surgical face masks distributed to the City’s long-term care homes in response to the coronavirus pandemic are being recalled, citing “poor quality.” In a statement released Tuesday afternoon, City staff said 1,252 boxes containing 50 masks per box — a total of 62,600 masks — were distributed to the … Read more
by Chris Kimble Should investors be surprised by the strong rally over the past couple of weeks? Not if one is aware of this giant megaphone pattern, that was first highlighted on 11/24/17! This chart looks at the Dow Jones Industrials on a monthly basis, reflecting it has remained inside of the 70-year rising channel (1). It hit … Read more
Downward earnings revisions have only just begun, Lori Calvasina of RBC Capital Markets tells @FerroTV https://t.co/20NQ8vtFro pic.twitter.com/S7ms6XbeBD — Bloomberg TV (@BloombergTV) April 8, 2020
The amount of money pumped into the global financial system in the past couple months has been historic to say the least. There has been no indication that this will stop. It can’t. Many retail investors have begun to buy the dip and join the cheerleading squad. Of course today, retail investors have missed one … Read more
by The Phoenix Let’s focus on price. The S&P 500 has clearly broken its downtrend (red lines). It is now bouncing in an uptrend (blue lines). The issue is whether it can continue to do so or if another leg down is coming. I have no idea which outcome will occur. No one does. So, we … Read more
By Tsvetana Paraskova The world’s top oil exporter, Saudi Arabia, is making good on its promise to flood the world with oil even as demand collapses, with a surge in tankers carrying Saudi crude to the United States, tanker-tracking data compiled by Bloomberg showed on Wednesday. Last month, when Saudi Arabia pledged to flood the markets with … Read more
NO UNEMPLOYMENT NO DISASTER ASSISTANCE NOTHING Except that sharp stick up your ass. Showed up at the unemployment office at 6 am and there was already a line around the building. So after waiting 3 hours and telling a 300 lb lard ass that she would suffer a major ass whooping for trying to cut … Read more
The scandalous collapse of a bridge over a river located on the border between the Liguria and Tuscany regions, in the north-west of the country, left for a moment today the health and economic emergency exploded in Italy by the new coronavirus. According to press sources, the collapse took place this morning at 10.22 (local … Read more
The Trump administration is reportedly weighing legal action over alleged Chinese hoarding of protective medical gear; Fox News contributor Trey Gowdy reacts. New: The coronavirus crisis is turning Americans in both parties against China https://t.co/KgmAPdcCoY @PostOpinions — Josh Rogin (@joshrogin) April 8, 2020 America must never again rely on China for our medical supplies Alan … Read more
by -Exocet- Total cases as of now [source]: New York 142 384 cases in 20 million population; Spain 141 942 cases in 40 million population; Italy 135 586 cases in 60 million population; with the gap tending to increase, as, in the last 24 hours, NY had 10k cases, while Spain and Italy had only … Read more
by PropagandaDebunker Hillary ran State from January 21, 2009 to February 1, 2013. During that entire time there was no Inspector General to serve as internal watchdog as mandated. Here are some links documenting that: https://www.wsj.com/articles/state-department-lacked-top-watchdog-during-hillary-clinton-tenure-1427239813 https://en.wikipedia.org/wiki/Inspector_General_of_the_Department_of_State https://www.thenewamerican.com/usnews/politics/item/22441-former-inspector-general-hillary-had-no-oversight-while-secretary-of-state The State Dept IG was brought back immediately after she left office…. Now that Trump is removing … Read more
Democrats cant win in 2020 so they want to rig the entire election. It looks like they’re going to ride this out all the way. If they lose the house, its back to the 1800s again for them where they’re out of power for a long time. Our country was great until the dems passed … Read more
by David Haggith Monday was nothing but a dead-bull bounce on top of a dead-cat bounce, which means there is plenty of punishment to come. Pure testosterone drove the market’s rise fed by nothing but the weak premise that New York’s drop in the coronavirus death rate for a single night meant the worst is behind … Read more
by OkSlice Looking back at the monthly inflation rates during the financial crisis, it seems that they are a good indicator of the inflation caused by the feds spending vs the deflation caused by the lack of consumer spending shown on this website: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ During the month of March, the fed’s balance sheet increased by more … Read more
by SpontaneousDisorder The stock market does not track news or economic fundamentals. People will always try to interpret the stock markets moves in light of the current news but really half the time this never really makes sense. It did’t make any sense the market screamed higher into late Feb as the pandemic emerged. It made … Read more