by Simon Black At precisely 2:32pm Eastern time on May 6, 2010, the US stock market started to drop. The decline was sudden, and vicious. Within minutes, more than $1 trillion of market capitalization had vanished, with the Dow Jones Industrial Average losing nearly 10% of its value. This event became known as the ‘Flash … Read more
by confoundedinterest17 Closer to home … How about commercial real estate? It could simply be correlation. Then again, maybe it is more than correlation.
……Spiralling tensions have come to resemble the situation before World War II. …………… “I strongly hope that such ‘hot’ global conflict is impossible now. It would mean the end of civilisation,” he said. “But the situation may become unpredictable and spin out of control. There is a real danger that we will face a downturn … Read more
Louisiana Republican U.S. Sen. Bill Cassidy said President Joe Biden has put a target on the oil and gas industry that could destroy thousands of jobs and create a recession both at home and in America. Last week Biden enacted a 60-day ban on new oil and gas drilling permits and leases for federal lands and waters, including the … Read more
Sen. @tedcruz: “I am also growing increasingly concerned over the past two weeks of a pattern among Biden Admin. nominees of consistently moving towards and embracing the Chinese Communist Party.” pic.twitter.com/hYI8pnhZ1w — Forbes (@Forbes) January 28, 2021
Former US Rep. Tulsi Gabbard (D-HI) has been sounding the alarm over new “domestic terrorism” legislation introduced by Adam Schiff (D-CA) and highly charged claims by former CIA director (a partisan Democrat) that “even libertarians” are potential “domestic terrorists.” A police state is coming unless people like Brennan and Schiff are denounced by President Biden … Read more
https://web.archive.org/web/20210101002115/https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/C22B882BBDC40AC78525864F008106AB/$FILE/Yellen,%20Janet%20L.%20final%20278.pdf h/t –Transfer
https://twitter.com/jordylancaster/status/1354828740640071682 GameStop united the country at a time when nothing else could. — Chairman (@WSBChairman) January 28, 2021 Wall Street giants are calling foul after having been beaten at their own game by a bunch of guys on the internet. It’s hard not to cheer. “Robinhood customers took to Twitter to express their outrage surrounding the … Read more
by howmuch Natural disasters are sudden and terrible events in nature that cause widespread property damage and loss of human life. The coronavirus pandemic does not technically count as a true natural disaster. As if 2020 weren’t already one of the worst years ever, there was also substantial economic damage from more “traditional” natural disasters … Read more
by pdwp90 ROBINHOOD HALTS BUYING OF GAMESTOP AND OTHER HOT STOCKS, INFURIATING USERS: Robinhood also shut down buying of AMC (AMC), BlackBerry (BB), Bed Bath and Beyond (BBBY), Express (EXPR), Koss (KOSS), Naked Brand Corp (NAKD) and Nokia (NOK). Users can only liquidate or close positions. The GameStop stocks’ run was originally popularized by Reddit forum … Read more