Markets Now At Tipping Point Investors now need to make a decision; stay in the roller coaster or get out? Mortgage Lenders Bracing for the Biggest Wave of Delinquencies in History “This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania. “The … Read more
Brace for Coronavirus Fallout to Take Stocks to New Lows Wilmington Trust’s Meghan Shue warns investors will see two grim quarters of losses — not just one. The firm’s head of investment strategy believes market losses will continue to pile up amid negative coronavirus data and headlines. “GDP in the second quarter could be anywhere … Read more
Dollar funding stress keeps rising as the US Treasury additionally demands dollars and floods the market w/bills. Libor OIS risk spread jumps to 137bps, the highest level since GFC. pic.twitter.com/qYXyWyxxv4 — Holger Zschaepitz (@Schuldensuehner) April 2, 2020 Round of applause for the Federal Reserve 👏The $USD is officially a funding currency… $EUR $JPY $CHF all … Read more
The whole world is going through very difficult economic times. Supply chains are being disrupted and the global economic collapse spreading all around the world. The United States has the largest economy in the world but also it has not been spared by this global economic meltdown. The US economy has also been shut down … Read more
https://www.youtube.com/watch?v=WIwG1zBvTyw Virigina Kruta from The Daily Caller reports, Joy Behar tried to get ABC reporter Jonathan Karl to say that President Donald Trump had a mental disorder. Karl appeared Monday on ABC’s “The View” to discuss his new book, “Front Row at the Trump Show,” and his view of the Trump administration’s handling of the … Read more
By John Mauldin The Federal Reserve is buying mortgage-backed securities with the best of intentions. But there are unintended consequences. Last week, I had a truly horrifying phone call with good friend and real estate expert, Barry Habib. He knows the mortgage business inside and out and he’s very concerned right now. Briefly, the Federal … Read more
By Tom Kool Oil prices exploded on Thursday morning after US President Trump tweeted that he spoke with Saudi Crown Prince Mohammed bin Salman about a potentially ‘huge’ output cut. According to Trump, the production cut from Saudi Arabia and Russia could be as high as 15 million bpd. For anyone wondering why oil prices just spiked … Read more
By John Mauldin In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. Between reduced tax revenues and increased spending, I now expect this year’s deficit will be at least $4 … Read more
By Jared Dillian I am writing from my home library since I’m no longer working in my office in downtown Myrtle Beach. I’ve always resisted working from home because I don’t want to stress out in my own house. But it hasn’t been bad. I have a hot tub, a pool, cigars, and the cats. … Read more
by The Phoenix The single most important chart in the world right now is investment grade credit spreads. The Fed has announced it will buy investment grade corporate debt for the first time in history. The Fed also announced that it will be directly buying investment grade corporate debt ETFs like $LQD. With that in mind, credit spreads … Read more
The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to conduct bilateral trade & investment and issue bonds in local and national currencies instead of US dollars. BREAKING 🚨🚨 The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to … Read more
My best guess is that 1) He saw everyone in the world cracking down on dissent. 2) He realized the drug dealers would still need to move product when everyone else is not moving. 3) He is worried more and more jobless people will turn to drugs. so, he’s cracking down when he has a … Read more
Trump appointed judge in Texas. Ruled that such a ban constitutes police powers and that the federal government does not have police powers as part of the Enumerated Powers given to it in the Constitution. From the judge: “Brian Lane lawfully purchased three bump stocks before the rule took effect and raises a Fifth Amendment … Read more
Here’s who doesn’t qualify for a coronavirus stimulus checkwww.businessinsider.com › who-wont-get-coronavirus-stimulus-chec… 1 day ago – Bear in mind that the stimulus payment is technically a tax credit to apply to your 2020 tax bill that the government is providing ahead of time. Question Are the banks that caused this mess and are getting “bailed out” with … Read more
Donald J. Trump Verified account @realDonaldTrump Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas … Read more
WASHINGTON — President Donald Trump told lawmakers he wants a payroll tax cut that would last at least through the election to give consumer spending a jolt as the coronavirus threatens to cripple economic growth. The president told Republicans at a closed-door lunch Tuesday that he wants the payroll tax rate to drop to zero through the … Read more
by Lazonby I work in grocery retail and have a significant amount of knowledge regarding store level operations, logistics, and the manufacture of the goods you buy in the stores. The reason for this post is due to the sheer amount of customers, along with Instacart shoppers, who seem completely oblivious as to why products … Read more
“Please do the needful.” Did you know we are also bringing them in to be public school teachers now? PDX
https://watchers.news/2020/04/02/geologi…of-canada/ Geologists have found a remnant of an ancient lost continent off the coast of Baffin Island in Canada. After studying the samples, the team of scientists identified a fragment of the North Atlantic Craton– an ancient continental crust from millions of years ago that stretched from Labrador to Scotland. The researchers were investigating pieces … Read more
https://www.youtube.com/watch?v=VnxCJigrZSc 100% Fed Up reports, MSNBC’s Morning Joe hosts, Mika Brzezinski and Joe Scarborough may not agree on everything, but one thing their viewers can always count on is their neverending criticism of President Trump. On Monday, in a rare moment during one of their segments, Joe Scarborough praised President Trump over his decision to … Read more
https://www.youtube.com/watch?v=bjPe0qQoXm0 100% Fed up reports, On Saturday, President Trump helped to send off the USNS Comfort with a message of hope for the “incredible people of New York.” President Trump stood in front of the US Navy hospital ship and assured the citizens of New York City that he has their backs, saying: “We’re here … Read more
The FBI Can’t Be Trusted With the Surveillance of Americans: An inspector general report finds that the bureau has been systematically unscrupulous. For years, we civil libertarians were told that our concerns about the secret court that oversees the FBI’s applications to monitor U.S. citizens were overblown. So what if the Foreign Intelligence Surveillance Court approved more … Read more
by LV According to a Forbes article dated March 27th, “the stimulus is an advance of a refundable tax credit on your 2020 taxes.” If your 2020 tax return next year indicates that the IRS paid you too much stimulus, they can demand that you return the money they overpaid. If the IRS sent you less … Read more
by NineteenEighty9 JAPAN: WHO Should Be Renamed the CHO or the “Chinese Health Organization” Here is a Reuters report showing that China did not admit that it could be transmitted from person-to-person till January Even when China finally admitted it, they didn’t make it sound like it was highly infectious, which it is https://twitter.com/RealSaavedra/status/1245557594564911104
Black Conservative Patriot gives his take on today’s news AO