by rasuzuki via forbes: The Federal Reserve just made the problem of financial firms considered ‘too big to fail’ a whole lot bigger. That’s because the U.S. central bank has hired private equity giant BlackRock BLK, which manages some $7 trillion …
by Neat-Wolf Behold, the beginning of the end, including both private and public companies: True Religion 4/13 XFL 4/13 Frontier communication 4/15 Longview power plant 4/14 Vaps 4/5 LSC communications 4/13 USC Gymnastics and Baseball attaining Center 3/3 White Petroleum …
In the midst of a pandemic When over 22 million Americans are out of a job When small businesses are closing every day And Nancy Pelosi refuses to fund more assistance for them …She’s asking for donations to her 18th …
Cuomo says without federal aid, he's going to gut education and hospitals. Not welfare. Not green energy. Education and hospitals. That's what he thinks of you. — Bob Lonsberry (@BobLonsberry) April 19, 2020 Every horribly run blue state is going …
New York Times: On March 1, Joe Joyce and his wife, Jane, set sail for Spain on a cruise, flying first to Florida. His adult children — Kevin, Eddie and Kristen Mider — suggested that the impending doom of the …
TO BELIEVE IT WON’T IS TO BELIEVE THAT NO ONE DIES OF ANYTHING ELSE, EVER. THAT JOBS AREN’T EVER NECESSARY. THAT … WELL, THAT WE CAN LIVE ON RAINBOWS AND MAGIC UNICORN FARTS: Will the Shutdown Cause More Deaths Than It …
“I don’t think we’ll have a long-lasting Great Depression…. But we may have a different kind of a mess. All this money-printing may start bothering us.” By Wolf Richter for WOLF STREET. There is something refreshing during these insane times when a guy …
The bailouts are better described as organized protection racket run by banks, hedge funds, private equity investors & large corporations. By Karen Parker Feld, The Irreverent Economist at Paladin Advisors: The Fed has used the coronavirus crisis to double down on a failed strategy …
Money manager and economist Michael Pento predicts a “tsunami of inflation” is coming in the not-too-distant future. Pento says, “People are losing faith in fiat currencies. The price of gold in other currencies is already at all-time record highs. Even …
With China’s economy on life support, it’s time to turn off the ventilator. China has long dreamed of being the dominant power on the planet. Until recently, it seemed well on the way to succeeding, with the stamp “Made in …
by JJ_Shiro I’ve collected this over the past few weeks. Thought I would share considering the controversy about current market valuations. Mortgages (04/17) 2.9 million US home loans are in forbearance (payments delayed without penalties). This equates to 5.5% of all active …
by gobigorange86 This week’s SPY fund flows, though, are quite interesting – and perhaps? suggest the bull gang momentum is waning. I’m not saying gung ho the drop cometh, but interesting stat to chew on. Weekly SPY FUND FLOWS since …
Vox Media furloughs more than 100 employees for three months.Layoffs Hit Valence Media: Hollywood Reporter, Dick Clark Productions, Billboard, Vibe Affected. ViacomCBS Lets Go Of Contract Workers Amid Coronavirus Pandemic As More Layoffs Loom. Temporary pay cuts and furloughs announced …
By Haley Zaremba The global oil industry has been scrambling for a solution to the dramatic oil price crash and enduring global crude glut from last month. As the novel coronavirus swept the globe over the past few months, shutting …
UM: If you're not watching @maddow during our Covid-19 nightmare you're not getting the full picture of what's happening. That journalism excellence you relied on during Russia & impeachment is in full effect now. Thank you for shining a …
by Toothlesskinch Tl;dr – The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. It’s the weekend so I’m …
by confoundedinterest Here we go again? With the economic shutdown thanks to the Wuhan virus, the Big Banks are in the US are preparing to be over, under, sideways, down. (Financial Times) — Loan loss charges at six big American banks reached …
by worldwideengineering Source: https://www.who.int/about/finances-accountability/funding/assessed-contributions/en/ Designed on Canva.com
by Kerry Lutz Financial Survival Network Dear Friend, I’m sorry to have to report that we’ve been scammed again! Bad news, the PPP (Payroll Protection Program) has turned into a massive fraud and an indirect bank bailout. I have verified …
by Kylome1 Historic SPY numbers show that if the market begins declining next week, or possibly the following Monday, it will match both the Dot-com crash and the Great Recession quite well. A peak to trough of 24 trading days vs and …
by ilikepancakez Analyst report from Nigel Stevenson at GMT Research, a Hong Kong based accounting research firm: https://www.gmtresearch.com/en/research/luckin-coffee-more-questions-than-answers/ Summary / Highlights I found relevant : Even if the alleged fraud was the work of a small group of individuals, it is …
by 4d39faaf-80c4-43b5 Aggregate Funds Available – A Federal Reserve Bank will lend up to $600 billion to a Special Purpose Vehicle (SPV), which will in turn purchase participations in either new loans under the Main Street New Loan Facility (MSNLF) …
What did we do to Iran who is the bad actor? We sanctioned Iran. What should we do to the largest state sponsor of pandemics on the globe? We should sanction China to get them to change their behavior What …
(by Half Dollar) It’s a good question: “Who calls the shots”? This has certainly been one of the hot topics all week long, and during yesterday’s Coronavirus Task Force press briefing, the Trump Administration even unveiled their guidelines for re-opening America. Tom …
by Martin Armstrong COMMENT: Mr. Armstrong; It has been long suspected that you advised the IMF. You always denied that and then accused them of being corrupt. It then began to seem like whatever you would forecast, they would then mimic. …
Why is it we all are screaming the same thing and they can just ignore us? I don’t care what party you vote for, we need to help out our citizens. This is really not good for national security, let …
by Amy S. As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created dollars in a desperate …
House Democrats are now considering #coronavirus legislation that PAYS states to let criminals out of prison. But those same Democrats also argue that gun stores and your #2ndAmendment rights are “non-essential” to protect yourself. You can’t make this up! pic.twitter.com/GaW18YK5T7 …
.@Jkylebass: For all joint ventures of US financial firms in #China, the chief Asian economist must be a member of the Communist Party. "Everything that gets written about the Chinese financial system is…through the lenses of the propagandists.” Watch: https://t.co/EMaBaQPsLs …
Banks are being conservative which might suggest that all of this is “priced in”. They’re borrowing like crazy with the Fed rate at 0.25% and they’re using that capital to pay down old, higher interest liabilities i.e. collectively, they’re handing …