Month: May 2020

Stimulus Checks Sent to Deceased People

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by Martin Armstrong Neither my sister nor I collect Social Security. Nevertheless, she received a check in the mail made out to my deceased mother, and it says “DECD” for her stimulus check of $1,200. Not exactly sure what to do with this check. How would we cash it? This is really confusing. It will … Read more

Look How Nancy Pelosi Just Downplayed Her Ice Cream Stunt by Comparing Trump to Her Own Fault

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https://www.youtube.com/watch?v=wiA4IUj7OOw Virginia Kruta from The Daily Caller reports, House Speaker Nancy Pelosi took aim at President Donald Trump during a Tuesday appearance on MSNBC. Pelosi referenced an attack ad that showed her talking about the ice cream in her freezer — clipped from “The Late Late Show” with James Corden — and Trump’s comments from … Read more

Deflationary Spiral Incoming

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by Reduntu Cliffs: Anecdotal evidence suggests wages are starting to decline. Wages never decline — people and employers prefer layoffs. Employees are unwilling to take pay cuts, and employers don’t want to destroy morale. Wages didn’t even decline in the great recession and were resistant to declines in the great depression. This means the economic … Read more

Stocks Are Recovering While the Economy Collapses. That Makes More Sense Than You’d Think.

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Companies that are seen as especially vulnerable, such as retail stores spread across malls, are seeing stock declines of 50% and have only recovered marginally since March 23. On the flip side, clear beneficiaries of the current upheaval are doing well. So while markets are not moving on real-time economic fundamentals, they are moving on … Read more

The case for shorting Intel.

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by ilikepancakez While Intel has had a great run over the past decade, I believe we’ve reached an inflection point. They’ve already had to start laying off employees: https://investorplace.com/2020/01/intel-layoffs-2020-things-to-know/ With AMD breathing down their back, Intel is lowering prices on their server chips lowering profit margins which won’t be coming back anytime soon: https://www.anandtech.com/show/15405/intel-cuts-xeon-prices Intel is constantly … Read more

Sell in May and go away? Medium- and long-term VIX futures have risen over the past month, indicating that investors expect markets to remain volatile despite April’s dramatic rally.

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Sell in May and go away pic.twitter.com/YxhFIU1jJx — Win Smart, CFA (@WinfieldSmart) May 1, 2020 Medium- and long-term VIX futures have risen over the past month, indicating that investors expect markets to remain volatile despite April's dramatic rally. — Win Smart, CFA (@WinfieldSmart) May 1, 2020 Canceled dividends pic.twitter.com/Nx29nM4i5H — Win Smart, CFA (@WinfieldSmart) May … Read more

Connecticut Cops Cancel Social Distancing Spy Drone After Citizens Complaints About Draconian Police State

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https://www.youtube.com/watch?v=ChYObyB6mrs&fbclid=IwAR1vYSi8FuoJqK8UWv2LWI1p5798VNRukR5V34Af-7SOGNhbT8NpPH_9NCY Video speaks for itself in the new age of draconian police actions, authoritarianism and censorship all conducted under the guise of protecting people from a flu like disease that does not affect over 99% of the population.     h/t ClarityofSignal  

ILLINOIS: 4,000 Prisoners Released — 146 Sex Offenders — 64 Murderers

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The state of Illinois has released 4,000 prisoners as part of its pandemic mitigation strategy, a group of convicted criminals including 146 sex offenders and 64 convicted murderers. Prisons and jails around the country have resorted to setting criminals free in the hopes of preventing disease outbreaks within correctional houses. In Illinois, criminals were either pardoned … Read more

The Non-Bailout: How the Fed Saved Boeing Without Paying a Dime

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https://www.bloomberg.com/news/articles/2020-05-02/the-non-bailout-how-the-fed-saved-boeing-without-paying-a-dime The Fed’s decision to use its near limitless balance sheet to purchase corporate bonds eased liquidity so much that it was a game changer for the company, according to people with knowledge of the matter who asked not to be identified because they weren’t authorized to speak publicly. Ultimately, it allowed Boeing to raise … Read more

Warren Buffett’s Berkshire posts record net loss of nearly $50 billion on coronavirus

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https://www.cnbc.com/2020/05/02/warren-buffetts-berkshire-posts-record-net-loss-of-nearly-50-billion-on-coronavirus.html Warren Buffett’s Berkshire Hathaway posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks. A year earlier, net … Read more

They took FLYNN out so he wouldn’t expose them.

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by Doochebag The FBI Set Flynn Up to Preserve the Trump–Russia Probe. They didn't want Flynn around to expose their dirty deeds. @realDonaldTrump https://t.co/Jo1BitxOlM https://t.co/DAoos8zr7w — Tom Fitton (@TomFitton) May 2, 2020 Putting Flynn in a position of authority in intelligence will be the ultimate checkmate over the people that tried to ruin him. Hopefully … Read more

First wave of virus litigations are filed… Will stock market tumble back to its lows?

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First wave of virus litigations are filed NEW YORK – Hundreds of lawsuits stemming from the coronavirus pandemic are rapidly amassing in state and federal courts, the first wave of litigation challenging decisions made early during the crisis by corporations, insurance companies and governments. Claims have been filed against hospitals and senior-living facilities, airlines and … Read more