BY JOHN RUBINO Matt Taibbi: Expect tens of billions of dollars of fraud in these bailouts … Saagar Enjeti: Biden will put the usual Wall Street suspects in charge of the economy … Rick Ackerman – We have a deflationary abyss …
We are in Systemic Collapse. This is the Systemic Moment. — Paranoid Bull (@paranoidbull) May 2, 2020 BULLARD: EXTENDED PAUSE WILL START BREAKING PARTS OF ECONOMY — *Walter Bloomberg (@DeItaone) May 1, 2020 “In a liquidity crisis, otherwise healthy firms …
(by Half Dollar) Yes, it’s too early to say whether the corrupt, fraudulent US paper gold & silver “market” is going the way of the Dodo bird right now. And no matter what you hear, read, or see, only a very …
by Lance Roberts The Fed is now permanently stuck at zero. The negative 4.8% decline in GDP in the first quarter was stunning. Importantly, that reading only encapsulated the impact of the economic “shutdown” in that last two weeks of the quarter. …
by TheOneAboveNone2 This is crazy, as of May 1st the USO Fund ETF is now branching out and putting funds into Brent Crude WTI Crude US Diesel (Low Sulfur) RBOB Gasoline All spread across multiple months in 2020 AND 2021 Possibly Dubai, …
by ez2remembercpl TL,DR: the bull case around earnings remains strong in the short-term (30 days) which is all I care about. Reading a lot of oil tanker trader feeds (OOTT). Info from the ones with actual jobs in the industry… …
by bingo_bango_zongo The Nasdaq is basically flat year to date. All the FAANG stocks are near all time highs. Facebook, Netflix and Google all missed on EPS estimates. Apple is likely to be hit even worse (sales are down and …
by limes_huh Alright I’ve got some nitty gritty details on a shit ton of restaurants. I’m a doordash driver (this is what diamond hands gets you. I went from $157 to $7500 to $850). I’ve got some DD on a …
by Arcas0 Everything’s fine. Maybe you got furloughed, that’s ok. You’re probably making more on unemployment now. Everything’s fine. Now you have time to learn how to bake, maybe finally sleep in and play some video games. Maybe start looking …
by jf286381 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, …
by EngagingData I wanted to provide better context for the magnitude of unemployment claims (30 million) in the last few weeks due to the shutdowns and social distancing measures to respond to the coronavirus pandemic. It is literally equivalent to every …
by robs62 Data sourced from the International Energy Agency, from the Global Energy Review 2020 report: https://www.iea.org/reports/global-energy-review-2020. Graph produced in excel, organised in Illustrator, and animated in After Effects.
Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet rose by only …
by Dave http://openinsider.com/screener?s=GILD&o=&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=&sich=&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1 D 2020-04-29 19:28:06 2020-04-27 GILD Cogan John Francis Dir S – Sale+OE $79.90 -2,413 54,860 -4% -$192,799 D 2020-04-21 19:42:02 2020-04-20 GILD Cogan John Francis Dir S – Sale+OE $83.00 -2,413 54,860 -4% -$200,279 D 2020-04-14 15:52:22 …
by Wayne Allyn Root Have you ever thrown together a last-minute party, with no planning, no promotion, no paid staff, no money spent…and 8,000 to 10,000 people showed up? I have.It happened last week in Las Vegas. And you need to …
by Chris Vermeulen of The Technical Traders As Q1 GDP data is released on Wednesday, April 29, which will reflect the first three months of 2020 in terms of total economic output, we believe the number will skew the current true global economic …
This might be a sign to come from other banks… Interesting times are certainly ahead of us all… https://business.financialpost.com/news/scotiabank-to-close-its-metals-business Bank of Nova Scotia is closing its metals business, a division whose origins date back centuries and that brought prominence — …
WH Econ adviser Kevin Hassett to reporters this morning: “The unemployment rate is probably up around 19%. And those numbers are as startling as anything we’ve seen since the Great Depression.” — Jim Acosta (@Acosta) April 30, 2020 Reality is …
BOOM. The one-and-only Daniel Lacalle @dlacalle_IA joins @KeithMcCullough LIVE today one-on-one at 1:00pm ET You do not want to miss this in-depth investing conversation. Click for immediate free access.https://t.co/Ti6IOU7ZiU — Hedgeye (@Hedgeye) April 30, 2020 “It's getting more challenging as …
by ChaosUnlimited3 Why the economy is not the stock market. Most of the time when I come on this sub I see people bitching about how the market isn’t reacting correctly to the fact that the coronavirus has single handily …
Here in the midwest most smaller retail stores, even ones in plazas and malls were already barely breaking even. The kmarts , Sears and regional big stores wer already closing. Where I live is a small city and many smaller …
by SofaKingGB There’s been a lot of chatter on here about the rally and whether or not it will remain robust but I’m going to pitch something more radical. This isn’t a market that’s correcting for being oversold and it …
by clmohn First of all, if you say that everything is priced in or it’s forward looking then you are a retard. You are the reason the market keeps rocketing up and we are headed for all time high’s. New retail …
https://twitter.com/hks55/status/1255635406349045761 Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER* The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks pic.twitter.com/WF67uR9EsJ …
by Michael Snyder We just witnessed the largest quarterly GDP decline since the last financial crisis, and experts are warning that the figure for the second quarter will be far, far worse. In fact, as you will see below, one …
by Michael Snyder How is it possible that all of the coronavirus models could have been so completely and utterly wrong about what was going to happen? Very early in this pandemic, some models that were predicting millions of deaths …
Johnson Farms is the largest dairy farm of Michigan’s Upper Peninsula. Owner and operator Dave Johnson was willing to sit down and give a detailed look at the current impact that the economic effects of Covid-19 has had on the …
by jessefelder We’ve just entered the heart of earnings season and it’s during this time I typically like to take a look at a wide variety of stocks and how their valuations compare with their fundamentals. One of my favorite …
Will be a monster sell off shortly. All this bullish talk makes me ever more bearish. I saw the same thing in 08 after the initial sell off TOOK 8 weeks to get to the .618 level before crashing. We …
https://twitter.com/TommyThornton/status/1255615785357258753 https://twitter.com/Wheels88Fortune/status/1255593382459539456 https://twitter.com/Paul91701736/status/1255596618843381760 How can accounts receivable still be $1.27B???$TSLAQ — TC (@TESLAcharts) April 29, 2020 #ElonMusk's #Tesla – A Myriad Of Conflict's Of Interest – #Musk Controls The Compensation Committee That Each Get Paid In #Stock. Two Sets Of …