https://twitter.com/GreekFire23/status/1258837351259930626 HASSETT: ALL UNEMPLOYED EXPECT TO BE REHIRED BY EMPLOYER that is the stupidest fuking thing i have heard this month. — Heisenberg Report (@heisenbergrpt) May 8, 2020 This chart from @calculatedrisk is, in one word, breathtaking. pic.twitter.com/C8BatIEwti — Invictus …
by politiksnubben Many people seem perplexed about this fact. Bad news should mean that the market should go down. Problem is, bad news means more action from the state/fed. One action is as we all know 0% interest rates. What …
If you are not buying stocks after 20 million Americans lost their jobs in April, you are doing it wrong. — Liberty Street News (@LbrtyStreetNews) May 8, 2020 https://twitter.com/FerroTV/status/1258770159591882761 https://twitter.com/dynamicvol/status/1258747992972103680 https://twitter.com/hks55/status/1258758307428421632 As the world economy is about to implode, very …
by Chris Martenson of Peak Prosperity Well, some good news to share today: pepsid, selenium and anticoagulants/blood thinners all appear to make a positive difference in covid-19 recovery rates. Such good news is very welcome, as there’s not much to go around. New …
by JustALurker110 Monday – Opens at 2804.25 Closes at 2833 (+28.75) <- Move from 9:30AM – 4:00PM Tuesday – Opens at 2863.25 (+30.25) <- Move from 4:00PM – 9:30AM Closes at 2858.75 (-4.5) <- Move from 9:30AM – 4:00PM Wednesday …
U.S. 2-year yields are falling to new lows this morning. More traders are betting the Fed will be forced to cut rates below zero. "We do not think this is justified by fundamentals as FOMC members have repeatedly stated that …
via wallstreetonparade Beginning on March 24 of this year, Larry Kudlow, the White House Economic Advisor, began to roll out the most deviously designed bailout of Wall Street in the history of America. After the Federal Reserve’s secret $29 trillion bailout …
The cost of an individual UI claim depends on how much the employee made, how long they remain on unemployment, and the state’s maximum benefit amount. The average amount paid out on an unemployment claim is $4200, but can cost up …
Stocks rise on hope that worst of economic plunge has passed TOKYO (AP) — Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in …
By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet rose by $65 billion during the week ended May 6 — the smallest weekly increase since the week of February 26, when assets fell by $13 billion. And it was down 89% …
by Michael Snyder Have you noticed that people are a lot more emotional these days? People are angry about the lockdowns, people are angry because others are not “properly” observing the social distancing rules, people are angry about losing their …
by Michael Snyder Now we are up to 33.5 million jobs lost. In just 7 weeks, the U.S. economy has been completely turned upside down, and the numbers are unlike anything that we have ever seen before. On Thursday, the …
"Absent hiring activity on an unprecedented scale, unemployment could remain in double-digits into 2021" – new @sffed paper. https://t.co/4b9JEiH4SQ pic.twitter.com/ssib47d8bR — Jeanna Smialek (@jeannasmialek) May 7, 2020 Top JPMorgan Investment Officer: It Will Take ’10 to 12 Years’ for U.S. …
by erstwhile99 Scientists develop quantitative recommendations, politicians make policy. And then politicians should follow policy. Why and how this is not happening is terrifying.
https://twitter.com/hks55/status/1258461655085789186 https://twitter.com/hks55/status/1258462738881351681 obvious: if there is a giant debt there is a giant supplier of debt (central banks) so there is less need of private banks that are only a channel https://t.co/DrdY0TKZ3R — SpeculaThor☯️✨ (@SpeculaThor) May 7, 2020 https://twitter.com/hks55/status/1258565050761203713 Negative …
by AC I have been a landlord of 4 rental homes in Orlando FL. I work very hard for my tenants to give them a beautiful safe place to live. All my tenents have paid me on time. I have …
This hoped-for fake “profitability” isn’t profitability, but “Adjusted EBITDA,” Uber’s own homemade creature. By Wolf Richter for WOLF STREET. Uber – which announced another round of mass-layoffs this week of 3,400 folks or 14% of its staff – reported another classically horrendous quarterly loss this …
by TheCuriousBread This TA is not going to tell you where it’s gonna go next but what it does tell you is the recovery we’ve been having has been weakening over the past several weeks. We are low volume, low …
Investor Fear of Missing out Is ‘Not a Good Sign’, Warns Morgan Stanley Morgan Stanley Investment Management’s Andrew Harmstone advises investors to keep their portoflio risk level low and maintain a defensive position while looking for opportunities to add value …
by Thorsten Polleit via Mises In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the …
By Ian Jenkins By the time giant high-tech, cash-burning companies like Uber catch on to the $30-trillion-plus mega trend of sustainable investing, their competition may have caught up. Big money is shifting its capital to companies that are smart enough to figure …
by InterestingNews1 The CEO sees opportunity in the current crisis issuing an upbeat statement saying “Our belief is that, in every industry, a crisis often accelerates the inevitable and that is what we see happening in higher education.” But Chegg …
by Dave Kranzler of Investment Research Dynamics Wayfair is one of the tech-borne “unicorn” style companies which has become a symbol of the most over-inflated stock bubble in U.S. history. The dot.com bubble on steroids. Its business model is geared to generate sales …
by Duckdung tldr; The virus is a laboratory construct and when the masses find out it will cause another wave of panic. I first want to start by saying I’m an autist and not a geneticist or have a …
Eurozone: Italy, Spain, portugal sovereign bond yield spreads widen despite massive ECB repurchases. Very far away from 2011 levels, though. pic.twitter.com/ccGZ3mP3rg — Daniel Lacalle (@dlacalle_IA) May 7, 2020 We're now measuring "worst-slump" statistics in centuries. https://t.co/pHpZcOtVgf — Carl Quintanilla (@carlquintanilla) …
Stop creating incentives for American businesses to take on debt. https://t.co/jClINmXWp0 via @financialtimes — Michael Pettis (@michaelxpettis) May 7, 2020 Homer Simpson once proposed a toast “with alcohol, cause and solution to all the problems of life”. For global companies …
by Charles Hugh-Smith Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task. As the bogus prosperity economy built on exponential growth of debt implodes, we all seek …
by Michael Snyder Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now. Yes, many states are attempting to “reopen”, but in most cases it will be a multi-stage process that takes …
by kafkagoeswest TLDR: we’re all sheep heading to the slaughter. What do you remember about March 23rd, 2020? If you’re on this sub, you remember the sky was falling, we were facing systemic collapse, and we were trading around 18,000 …
BULLARD: "INTEREST RATES WILL REMAIN LOW LIKELY FOR YEARS" How can any American afford to retire going forward in the Debt drowning world the Fed enabled for decades?🤔 $1M x 5% (5,000 yrs)vs $____ x 0%? 🤦♀️#RetireeMath@ericrosengren @RobSKaplan @marydalyecon @neelkashkari …