by SofaKingGB There’s been a lot of chatter on here about the rally and whether or not it will remain robust but I’m going to pitch something more radical. This isn’t a market that’s correcting for being oversold and it isn’t just a run of the mill bear rally. This is a full on bubble. … Read more
The majority of the world’s wealthiest investors are waiting for stocks to drop further before buying again, on concerns about the pandemic’s impact on the global economy, according to a poll by UBS Global Wealth Management. Among the surveyed investors and business owners with at least US$1 million in investable assets or in annual revenue, … Read more
Google will make its video conferencing platform, Meet, free for everyone. Earlier, the platform was available only for enterprise and education customers. However, the company announced on Wednesday that anyone with an email account will be able to use the platform. Meet will allow meetings with up to 100 people and with no cut off … Read more
by clmohn First of all, if you say that everything is priced in or it’s forward looking then you are a retard. You are the reason the market keeps rocketing up and we are headed for all time high’s. New retail investors working from home, retired, or collecting unemployment. It’s not fund rebalancing and it’s not … Read more
The Information’s Amir Efrati reported Tuesday that the company was considering further layoffs of up to 5,400 people, citing a person familiar with the matter who said the plan was not yet confirmed. The layoffs could represent up to 20% of Uber’s 27,000-person workforce and save the company up to $1 billion in expenses, … Read more
by Charles Hugh-Smith And so we’ve reached the precarious state of disunion in which the only thing the warring elites can agree upon is that the Federal Reserve should rescue their private wealth, regardless of cost or consequences. America’s divides are proliferating and deepening by the day. The key political and economic divides predate the pandemic, … Read more
https://twitter.com/hks55/status/1255635406349045761 Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER* The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks pic.twitter.com/WF67uR9EsJ — SentimenTrader (@sentimentrader) April 30, 2020 https://twitter.com/yuriymatso/status/1255650478542610433 "The US unemployment rate may have already reached … Read more
In addition to logistical difficulties of selling a home in the era of social distancing, there is the explosion of a historic unemployment crisis. By Wolf Richter for WOLF STREET. By the end of April, there will be 4.2 million mortgages in forbearance, or 7.6% of all mortgages, the American Enterprise Institute estimated in a note, based on … Read more
(by Half Dollar) If the Fed’s full display of financial repression wasn’t enough for one day, let’s kick-it up a notch with everybody’s favorite soon-to-fail-but-never-does bank, Deutsche Bank. From Handelsblatt (translated by Google): Frankfurt Deutsche Bank will soon introduce negative interest rates for large deposits in its retail banking business and that of its subsidiary Postbank. “The ongoing pressure from … Read more
by J.G. Martinez via The Organic Prepper The Fuel Shortage in Venezuela Will Lead to Starvation Dear readers, those who already know me are aware I used to write about confirmed facts we all care about as preppers. At this point in my life I hardly can be considered a prepper, though. A survivor? Sure. I’ve been in … Read more