US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%

I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become. By Wolf Richter for WOLF STREET. The US gross national debt – the total of all Treasury securities outstanding – … Read more

Our generation got royally screwed by the political correctness movement guys, seriously, don’t be afraid to speak up and be yourself even if you end up being annoying to some people.

by theinfinitelight Political correctness is pretty much when you keep your mouth shut so that you don’t offend any Karen’s in the room. It’s what this world is turning into, people are afraid to speak out and say what’s on their mind these days because of it, and so what you have now is a … Read more

WAIT, THOSE COMMERCIALS SAID WE’RE ALL IN THIS TOGETHER: Frontier will charge up to $89 for social distancing on flights.

With schools and businesses closed, conferences and conventions canceled, and travel restrictions in effect, very few of us are flying anywhere at the moment. States and countries are already slowly starting to bring themselves back online, though, and eventually, travel with pick up again—at least to some degree. But commercial airplanes tend to be essentially … Read more

Japan announces $2.2 billion to help its manufacturers shift production out of China.

Japan has earmarked ¥243.5 billion of its record economic support package to help manufacturers shift production out of China as the coronavirus pandemic disrupts supply chains between the major trading partners. The extra budget, compiled to offset the devastating effects of the pandemic, includes ¥220 billion for companies shifting production back to Japan and ¥23.5 … Read more

Waterfall of payments in CLOs, via Morgan Stanley, which estimates that 85% of outstanding CLOs in the U.S. may fail their junior over-collateralization (OC) tests as leveraged loans default.

Waterfall of payments in CLOs, via Morgan Stanley, which estimates that 85% of outstanding CLOs in the U.S. may fail their junior over-collateralization (OC) tests as leveraged loans default. pic.twitter.com/cx2GFlAXL5 — Tracy Alloway (@tracyalloway) May 7, 2020 The CLO market is currently pricing just a fraction of the defaults expected in the underlying loans, say … Read more

NYC police union warns the ‘city will fall apart’ if cops are made to enforce social distancing

A New York City police union has had enough of the coronavirus social distancing enforcement, and warned city leaders that continued efforts to enforce social distancing could cause the city to “fall apart.” The statement from Police Benevolent Association President Patrick Lynch issued Monday accused Mayor Bill de Blasio of putting officers in a bad … Read more

Alabama Cattlemen’s Association, there is no nationwide beef shortage.

HUNTSVILLE, Ala. (WAFF) – Does Alabama have a meat shortage? Meat industry leaders say no. Last week, the Alabama Cattlemen’s Association said meat-packing plants have had slowdowns and closures, which has impacted the beef supply chain. However, they say there is no nationwide beef shortage. On Wednesday, a spokesperson said that statement still stands. [ READ … Read more

Dem Congresswoman: Biden Allegation ‘Put To Rest’ Because He ‘Went on TV’ And Denied It…

Democrat Rep. Dina Titus says that the allegations against 2020 Democrat presidential candidate Joe Biden are “put to rest” because he “went on TV” and denied them. From an interview with MSNBC’s Ayman Mohyeldin on 5/6/2020. https://www.breitbart.com/clips/2020/05/06/dem-rep-titus-biden-sexual-assault-allegation-put-to-rest-after-tv-appearance/   AC