Sticky post Archives - Page 13 of 154

The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It’s free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way.

April 29, 2020 3:10 pm

The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It's free market forces, not central government planning, that helps an economy grow. Government …

The bottom 50% of consumers wasn’t in great shape before this recession. Now, 15% of households expect to be delinquent on their loans in the next 3 months.

May 2, 2020 3:19 pmApril 29, 2020 12:31 pm

by UPFINA Heading into this recession, consumers were in relatively good shape on a historical basis. They were in dramatically better shape than they were at the end of the last expansion because that was the peak of the long term …

Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak

April 29, 2020 12:25 pm

Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak @bloomberg [Past performance is no guarantee of future results] pic.twitter.com/34FsXGxYwM — Liz Ann …

Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009… Goldmans Still Committed to the Strength in Equities Being a Bear Market Rally

April 29, 2020 12:21 pm

Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009https://t.co/Tp8TInAXfg — Taps Coogan (@TapsCoogan) April 29, 2020 Chris Whalen, Whalen Global Advisors Chairman and author of The Institutional Risk Analyst, recently spoke with Mortgage Media about the CARES Act stipulation that permits mortgage borrowers who’s mortgage …

The recent rally in precious metals is only the beginning.

April 29, 2020 12:14 pm

Gold price adjusted for inflation since the 70s. The largest and longest cup & handle I have ever seen. The recent rally in precious metals is only the beginning. pic.twitter.com/C7eQnnsORO — Otavio (Tavi) Costa (@TaviCosta) April 26, 2020 Buy gold …

Present situation had its largest decline ever, but future expectations actually improved. Long-term confidence hasn’t cracked yet.

April 29, 2020 11:22 am

Mind the gap. Present situation had its largest decline ever, but future expectations actually improved. Long-term confidence hasn't cracked yet. Barrons big money poll looks the same: Only 4% of investors are bearish for 2021. The "In Fed We Trust" …

Axios Returns Taxpayer Bailout… Gannett Layoffs Continue… Google Hides Its Pain Well

April 29, 2020 9:34 am

Online news site Axios returning $4.8 mln U.S. payroll loan WASHINGTON, April 28 (Reuters) – Online news site Axios said on Tuesday it was returning a $4.8 million U.S. loan amid a public backlash over some companies taking assistance from …

Alex Newman – Federal Government Cannot Bail Everybody Out. Pension Crisis is a $5 Trillion Unsustainable Scam

May 2, 2020 3:19 pmApril 29, 2020 9:19 am

Journalist Alex Newman the virus has finally brought trillions of dollars in unpayable underwater state pensions in to the light as blue states are asking for a federal bailout. Newman says, “Right now, President Trump is talking about rebuilding our …

Alphabet earnings call writeup

April 29, 2020 12:17 am

by qwerty622 -very strong growth in cloud, specifically in their google suites offering (analytics tools and shit for cloud). Up 52 percent YOY increase in searches but less commercial searches (ex. increase in “sue bae titties”, decrease in “how much …

Robinhood CEO: “50% of our users are new investors and have been buying long on oversold stocks like American Airlines and Carnival Cruise”

April 28, 2020 11:35 pm

One of the most successful investing strategies for decades has been to bet against retail. AC

We are in the eye of the hurricane, the other side is going to be worse.

April 28, 2020 11:34 pm

by critikalhd Volume is low, volatility is dropping and everyone seems to think the worst is behind us. Quite the opposite is about to occur. Investors are being blinded by a Fed who are building a wall of money to …

Oil, Oil, Oil! Subprime Auto Loans Pop! Real Estate Bust! with John Rubino

April 28, 2020 11:02 pm

from Financial Survival Network John Rubino returns… Something was going to pop these bubbles and it just happened to be the Coronavirus. Oil crashed again to $12 per bbl. Diamond Offshore just went BK. Offshore drilling is super costly and their oil …

This Engineered Social & Economic Powder Keg Is Ready To Blow

April 28, 2020 11:00 pm

Bob Kudla interviewed by Sean on SGTreport Bob Kudla is back to help us breakdown the social and economic powder keg the criminal elite have engineered – and its all getting ready to blow. Please consider supporting SGT Report on Patron with a monthly …

The old saw that dividend stocks are good for bear markets is actually a high-risk gamble.

April 28, 2020 10:58 pm

By Wolf Richter for WOLF STREET. Dividend yield can be an irresistible siren song in the era of central-bank interest-rate and bond-yield repression: Harley Davidson’s dividend yield was over 7% until this morning – when it announced that it would slash its dividend …

Worldwide 1930s Style Depression Has Begun!

April 28, 2020 10:29 pm

by Michael Markowski SCPA (statistical crash probability analyses) forecast: 100% probability the first worldwide economic depression has begun! This bold statement is based on statistical crash probability analyses of two new research findings noted below: The alarming discovery of nine …

Groceries could see meat shortages by end of week

April 30, 2020 12:53 pmApril 28, 2020 11:20 am

Groceries could see meat shortages by end of week https://t.co/MuCzOxRhDo — EndGameWW3 🇺🇸 (@EndGameWW3) April 28, 2020 This is not the time to pig out. Beef, chicken and pork could be as scarce as toilet paper soon because so many …

Think you‘re well diversified buying the All Country World Index? It‘s now pretty much a bet on Tech and Healthcare… 20 day average for Healthcare & Biotech Optimism indices near HIGHEST LEVEL EVER. Forward P/E looks very expensive

April 30, 2020 12:53 pmApril 28, 2020 9:12 am

Think you‘re well diversified buying the All Country World Index? It‘s now pretty much a bet on Tech and Healthcare… pic.twitter.com/Megv0oMQGz — David Schrottenbaum (@David_Schro) April 28, 2020 It's all U.S. tech stocks. I've seen this movie before pic.twitter.com/8cWLhLU4HX — …

The Crash Has Only Just Begun

April 27, 2020 11:46 pm

by Charles Hugh-Smith Everything, including a rational, connected-to-reality, effective financial system, is on back-order and unlikely to ship any time soon. While the stock market euphorically front-runs the Fed and a V-shaped recovery, the reality is the crash has only …

Are You Ready For The Great Depression Of The 2020s?

April 30, 2020 12:53 pmApril 27, 2020 11:46 pm

by Michael Snyder For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed. It took years for the U.S. economy to fully unravel in the 1930s, but now …

“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.”

April 27, 2020 11:26 pm

“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.” https://t.co/KTsHgIMFuZ — Lisa Abramowicz (@lisaabramowicz1) April 27, 2020 #recession … US #Manufacturing edition#GFC2 has had no problems surpassing …

US Economy in August 2019 vs April 2020 – a Comparison

April 27, 2020 11:22 pm

by tedchambers1 On August 19, 2019 the US unemployment rate sat near a record low of 3.8%. Almost all industries were full steam ahead with investment. Carnival was building their largest ship to date, new US shale oil wells were …

Why Beyond ($BYND) is skyrocketing and why the meat shortage is worse than you think.

April 27, 2020 11:19 pm

by dontcreepmyusername What is happening? At least 12 meatpacking plants in the US have closed with at least 2460 workers testing positive and 17 deaths. A single Smithfield plant in South Dakota “has reported 518 infections in employees”. The situation is …

FED’s term sheet: infinite QE is FED’s lie and bubble

April 27, 2020 11:18 pm

by onfallen Fed’s SMCCF balance: 0 (look under secondary credit) https://www.federalreserve.gov/releases/h41/20200416/ Asset backed security loan facilities: 0 (look under Credit extended thru FED.., look at that blue term line) https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm Basically, what FED’s doing is giving the market false hope that it …

We are reaching peak retail retardation

April 30, 2020 12:54 pmApril 27, 2020 11:16 pm

by DongusMcLongus Right, own-up, who was it? This happens with TSLA and TLSA all the time. Imagine believing in the efficient market hypothesis when investors are this retarded.

This market is not a bear trap. It’s on death watch. The 2020 2nd and 3rd quarters of every market, every country, every bank, every bond, every loan and every live human will suffer from the worst crash in human history.

April 30, 2020 12:54 pmApril 27, 2020 10:57 pm

by AGXIIK Ok. Fair warning. I can think of far more than 6 impossible things before breakfast. Brekkie’s done and I’m working on bucket o’ coffee numero dos. This rambling is based on too much gin and enough of quinine-based club …

Why We Rush to Gold in Times of Crisis

April 30, 2020 12:54 pmApril 27, 2020 10:35 pm

Photo by Wallpaperflare.com | CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How gold manages to stand out during every crisis, gold might be signaling …

While everyone is watching the meltdown in the crude oil market, the global market for natural gas is also cratering.

April 28, 2020 7:59 amApril 27, 2020 9:17 pm

By Nick Cunningham of Oilprice.com: At least 20 cargoes of U.S. liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic crisis have slashed demand for gas worldwide. Cheniere …

Looks like the up move stalled back around Apr 10th and since has been doing a reset and now terminal attempt higher that should fail.

April 27, 2020 1:20 pm

https://twitter.com/PuffDragon11/status/1254802375363051521 42% of CFOs have no contingency plans for 2nd wave of COVID-19 – Gartner — Sam Ro 📈 (@SamRo) April 27, 2020 pic.twitter.com/1lCC2IADmg — The Macro Pulse (@TheMacroPulse) April 27, 2020 Since 2016, a near doubling of share concentration …

White House: Q2 GDP Will Be Biggest Negative Number Since Great Depression… FHFA: The Wave of Defaults That Are Right Behind the Cares Act

April 28, 2020 7:59 amApril 27, 2020 11:38 am

White House: Q2 GDP Will Be Biggest Negative Number Since Great Depression White House economic adviser Kevin Hassett says Q2 GDP will be the ‘biggest negative number since the great depression,’ -20% To -30% “The unemployment rate for the first …

Bank of Japan set for unlimited money printing. What could possibly go wrong?

April 27, 2020 11:28 am

Bank of Japan set for unlimited money printing. What could possibly go wrong? Sadly, when, as the first observer, I recommended the Bank of Japan "switch on the presses" in 1995 (Asian Wall Street Journal) they wouldn't listen. Last time …