Breaking news, updates, and reports on current events.
(Bloomberg) — The small city of Fairfield, Alabama, filed for Chapter 9 bankruptcy protection on Tuesday, a rare step by a municipality that comes as local budgets across the nation are upended by the coronavirus pandemic. The city’s filing in the U.S. Bankruptcy Court for the Northern District of Alabama listed assets and liabilities between … Read more
White House portrait ceremony may be the latest casualty of the political divide It’s been a White House tradition for decades: A first-term president hosts a ceremony in the East Room for the unveiling of the official portrait of his immediate predecessor that will hang in the halls of the White House for posterity. Yet this … Read more
Ecommerce Spiked to Record. Mall Stores Got Hung Out to Dry. Walmart’s Online Sales, Still Woefully Behind, Shot Up 74% By Wolf Richter for WOLF STREET. Walmart US ecommerce sales set the tone. Being the largest grocery seller in the US, it didn’t have to close its stores. Nevertheless, its ecommerce sales soared 74% in the first quarter, … Read more
Purchases of uncollateralized debt, using 10-to-1 leverage beyond Congressionally allocated funds, and treating those uncollateralized bonds AS THEIR OWN COLLATERAL, reflects neither the "letter" nor the "spirit" of the law.@FederalReserve @ChrisVanHollen https://t.co/2RLow3Czz9 — John P. Hussman, Ph.D. (@hussmanjp) May 19, 2020 https://twitter.com/NorthmanTrader/status/1263056342174089216
NEW INTERVIEW! Discover the Central Bank secrets nobody’s talking about!! And is GOLD cheap right now?? The intel YOU NEED! 🔥😎👍 Emil Kalinowski (Host of "Making Sense/Eurodollar University") RCS Ep. 50 https://t.co/GSvzY3ZPUf via @YouTube Special thx @emilkalinowski — George Gammon (@GeorgeGammon) May 20, 2020
It is so easy to be wrong—and to persist in being wrong—when the costs of being wrong are paid by others. — Thomas Sowell Quotes (@ThomasSowell) May 20, 2020 https://twitter.com/VailshireCap/status/1262794397244026880 Herablife selling $600 million in junk bonds to fund …. share buybacks.https://t.co/gmrQx4mIRy by @PSeligson — Tracy Alloway (@tracyalloway) May 20, 2020 A look at this … Read more
Excellently stated Tweet of the day. Also people don't get this negative interest thing at all. A chicken and egg scenario involving the Fed has emerged. Who is following whom?https://t.co/j0gNNBx0CQ — Mike "Mish" Shedlock (@MishGEA) May 19, 2020 The US economy was already weighed down by a proliferation of zombie companies before this crisis hit. … Read more
by AveenoFresh As promised, here are the earnings for next week. I’m posting so you guys can play earnings wayyyy before earnings whisper comes out with their graphic. Just like last time, the tickers are ordered by marketcap and I’ve removed all companies under a marketcap of 150M. The highlighted ones are just companies I … Read more
Next release: Existing-Home Sales data release for April 2020 is scheduled for Thursday, May 21, 2020. https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales https://fred.stlouisfed.org/series/MSACSR AC
https://twitter.com/TenYearNote/status/1262888028533477376 https://twitter.com/ThinkTankCharts/status/1262828860233695233 In Georgia, where restaurants have been open for three weeks, bookings are still down by 84% https://t.co/fqlY1AT9Xr — The Economist (@TheEconomist) May 20, 2020 The retail sales report in the US suggests a disastrous fall in personal consumption which amounts to 70% of GDP. @yardeni via @SoberLook pic.twitter.com/a2jTxJ5mXr — Adam Tooze (@adam_tooze) May … Read more
https://twitter.com/asymmetricalpha/status/1262878808614502400
Record leverage. Small caps have never been so indebted relative to EBITDA. More importantly: Russell 2000 stocks now trade at a historic 15x EV to 2020 EBITDA estimates! Stunning level of optimism priced in the markets these days. pic.twitter.com/gsDjqcdRXz — Otavio (Tavi) Costa (@TaviCosta) May 19, 2020
Trump says Pelosi has ‘mental problems’ after ‘morbidly obese’ comments Donald Trump refused to directly respond to Speaker Nancy Pelosi’s criticism over his decision to take an unproven malaria drug to prevent coronavirus because he is “morbidly obese,” but minutes later he accused her of having “mental problems.” “I don’t respond to her,” the president … Read more
Road To Roota, Released on 5/19/20 The Federal Reserve has grown their foreign bank swap lines from $0 to $446.5 BILLION in just 2 months….who said there would be a strong “V Shaped” recovery?! I wish I had that kind of printing press! Bix Weir has 30 years’ experience in the financial industry with various … Read more
https://www.youtube.com/watch?v=Iy-sOlKFtDg Cassandra Fairbanks from The Gateway Pundit reports, The White House will not be approving a CV stimulus package that gives checks to illegal aliens, no matter how hard the Democrats want to. Speaking to ABC’s This Week, White House adviser Peter Navarro said that House Speaker Nancy Pelosi “lost” him with her plan to … Read more
https://www.youtube.com/watch?v=18A017yqQGU For the love of God, stop telling me that “we’re all in this together.“ I don’t know about you but I’m in a virtual prison. My civil liberties and my essential rights have been seized by an invisible dystopian biotyranny of jackbooted thugs pushing a flu d’état fantasy.
by sundance This is so far outside the bounds of traditional judicial activity it is unprecedented. In the case against Michael Flynn the court appointed amicus curiae, essentially a court appointed outside lawyer enlisted to prosecute the case despite the DOJ withdrawal motion, John Gleeson has now filed a motion requesting: (1) a briefing schedule, (2) oral arguments; … Read more
by Lion_partyUSA The sad part is this really is the best the Democrats have to offer.
