Bill Ackman turned 27 Million in to 2.6 Billion…. Or did he? Kinda.

by MasterCookSwag Link to the letter to investors: https://assets.pershingsquareholdings.com/2020/03/26222617/Pershing-Square-Capital-Management-L.P.-Releases-Letter-to-Investors-March-26-2020.pdf Shamelessly stolen from Levine’s column today: That $27 million is not the total cost of protection; it is the running cost of protection. Here’s his explanation: In February, the Pershing Square funds …

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Social-distancing police state is here…

Singapore To Jail People For 6 Months For Standing Too Close To Strangers Singapore is set to punish people who stand too close to strangers with 6 months in prison as the true scope of “social distancing” measures begins to …

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Indian Police hitting public during Lockdown during Lock down; Finland isolates Helsinki capital region to fight coronavirus; Rhode Island police to hunt down New Yorkers seeking refuge

You take your Corona Virus and get on outta here! You hear me!? You go on GIT!   Finland isolates Helsinki capital region to fight coronavirus, military prevents people escaping by force Defence Minister Antti Kaikkonen has said that conscripts …

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It’s Big For Sure! Trump Authorizes Activation Of Up To 1 Million Reservists To Help With Pandemic. Coronavirus Killing People In New York City At Rate Of One Every 17 Minutes

President Trump on Friday issued an executive order authorizing the Pentagon to call up as many as 1 million armed forces reservists to active duty to help deal with the coronavirus outbreak. https://www.washingtontimes.com/news/2020/mar/27/trump-authorizes-activation-of-up-to-1-million-res/ The German chairman of the “economic wise …

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Thousands Of Grocery Delivery Workers Plan To Strike For Better Protection… ER Doctor Who Criticized Hospital’s Coronavirus Protections Has Been Fired

ER doctor who criticized hospital’s coronavirus protections has been fired after refusing to delete social media posts about substandard hospital coronavirus protocol BELLINGHAM – An emergency room physician who publicly decried what he called a lack of protective measures against …

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FROM THE WHITE HOUSE, Executive Order to Order the Selected Reserve and Certain Members of the Individual Ready Reserve of the Armed Forces to Active Duty.

via whitehouse.gov By the authority vested in me as President by the Constitution and the laws of the United States of America, including the National Emergencies Act (50 U.S.C. 1601 et seq.),  and in furtherance of Proclamation 9994 of March 13, 2020 …

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How the Fed Fixed the Repo Crisis

by David Haggith This week’s results in the Fed’s repo-market interventions in one fell swoop proved everything I’ve said about the Fed’s intervention being QE4ever. The following results show the repo market has been fixed: Zero Hedge Zero Hedge The instant …

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Clumsy Social Media Campaign Against Coronavirus Misinformation May Have Drastically Reduced Public Awareness of Pandemic in Early February; Delayed Meaningful Preparation by Weeks

by johntwit     It was widely publicized in late January that social media companies including Facebook and Twitter were going to crack down on Coronavirus related misinformation. This effort by social media companies was unprecedented, with Consumer Reports saying …

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Fastest Pace Of Downgrades Ever (Since 2002)

by UPFINA The rating agencies often receive a lot of criticism for downgrading/upgrading businesses after a negative/positive catalyst occurred. This time is slightly different because COVID-19 was an unprecedented event; it’s difficult to have expected preemptive cuts. The biggest source of …

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SUCK IT UP, COMMIECUP

  China angry over coronavirus cartoon in Danish newspaper. Reminder: The Virus Is a Fire, and the Arsonist Is China. “China did this. It’s not racist to say so. Telling the truth doesn’t make you responsible for the actions of racists. Thinking …

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Helicopter Money for Wall Street: Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade.

By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk of the mortgage-backed securities (MBS) the Fed bought over the …

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The Oil Glut Is About To Get Even Worse

by RYSTAD ENERGY With only a week to go before OPEC+ countries start flooding the world’s total oil production with an estimated extra 2.5 million barrels per day (bpd) amid the Covid-19 crisis, building one of the biggest oil supply gluts the world has ever …

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