Breaking news, updates, and reports on current events.
CNBC, Released on 5/14/20 Mark Cuban, Dallas Mavericks Owner, joins “Closing Bell” to discuss the state of the markets/economy and when the NBA might resume play. Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association’s Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman … Read more
https://twitter.com/JerryDunleavy/status/1260702550761844743 CHINA IS ASSHOLE: Chinese State Media Warn Country Will Interfere in U.S. Election. China is threatening to meddle in the upcoming U.S. presidential election as retribution for a flurry of American lawsuits seeking to hold Beijing accountable for the spread of the coronavirus. The Communist Party “won’t just strike back symbolically, but will impose countermeasures … Read more
The POTUS is filling the “Otay Mountain Border Wall Gap” in San Diego County. He is actually building the Wall that will scale this whole mountain and seal this part of the border for the first time in U.S. history. This is brand new border wall, also. h/t Anaconda
Why is that even a question? Why are illegals still here? That’s the right question. AC
by Martin Armstrong The Washington Post is hellbent on trying to undermine the US economy solely for politics. The death rate is really less than 1%. I just went to the doctor and they told me personally that this entire virus scare is nonsense. The Washington Post is now trying to highlight that if … Read more
by Martin Armstrong Richard Nixon had to resign over the famous scandal of the June 17, 1972 failed break-in of the Democratic National Committee headquarters at the Washington, D.C. Watergate Office Building. After the five perpetrators were arrested, the press and the U.S. Justice Department connected the cash found on them at the time to … Read more
by Claudio Grass via Claudiograss.ch “We are expecting a new wave and we’re prepared for it.” Interview with Robert Hartmann, Co-Owner ProAurum Over the last couple of months, we’ve witnessed unprecedented changes in the global economy, in the markets and in our societies. The corona crisis and the governmental measures that were introduced had a dramatic and direct … Read more
BY JOHN RUBINO Jim Sinclair: Debt jubilees everywhere … Nouriel Roubini: The debt crisis will become explosive … Marin Katusa: Dollar shortage is the big story going forward … Mike Maloney: The biggest event in world history …
Wait a minute… I thought the housing market wasn’t the problem this time. The Fed just bought a record amount of mortgage backed securities this last week. It accounted for 84% of its most recent stimulus. Looks like another part of the economy could be swimming naked. pic.twitter.com/J0DzekWJ4x — Otavio (Tavi) Costa (@TaviCosta) May 14, … Read more
by formerbuck OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That’s a lot of printing, you idiots probably expect inflation. Wrong, … Read more
More money!! https://www.cnbc.com/2020/05/12/coronavirus-updates-house-democrats-unveil-3-trillion-relief-bill.html It includes, according to a summary: Nearly $1 trillion in relief for state and local governments A second round of direct payments of $1,200 per person, and up to $6,000 for a household About $200 billion for hazard pay for essential workers who face heightened health risks during the crisis $75 billion … Read more
by DropItShock Vertical Spread Basics Spreads often get a bad rap for sounding more complex than they end up being. I’d wager quite a few people here don’t even know what the “Select” button is for at the top right of the options screen on Robinhood. I see over and over people losing their money … Read more
by pdwp90 U.S. Senate Financial Disclosures Their database is pretty painful to navigate (it’s just a bunch of individual filings), and I’d encourage anyone looking for a tidier representation of the periodic transactions to check out the dashboard I’ve been working on. I’ve built a whole dashboard on insider trading by U.S. Senators at https://www.quiverquant.com/sources/senatetrading. I’d strongly encourage … Read more
by justathoughtfromme It’s generally required for a parent to co-sign a minor’s bank account in the US. Once you turn 18, the best course of action is to establish an account in your name ONLY so you have sole control of it. It would even be better if you can establish the account at a … Read more
by Charles Hugh-Smith Financialization was never sustainable, and neither was the destructive globalization it enabled. All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed millions but no biggie, the Roaring 20s started the following year. It’s onward and upward, … Read more
By Wolf Richter for WOLF STREET. There has been huge hoopla about the Fed stepping into the markets and buying investment-grade corporate bonds and “fallen-angel” junk bonds, syndicated leveraged loans, CLOs (collateralized loan obligations), bond ETFs, and even junk-bond ETFs. The first intentions were announced in March and then expanded to include more asset classes and lower credit … Read more
by ikegro TLDR; Great Lakes submitted the WRONG student loan status code to the three credit bureaus for ALL of their customers with student loans (as part of the CARES act) and it’s causing everyone’s credit scores to drop 40-50 points. I’m in the midst of buying a house and my lender pulled my credit … Read more
Federal judge mulls contempt charge against Michael Flynn Federal judge Emmet Sullivan is signaling that he may pursue perjury or contempt charges against former national security adviser Michael Flynn over his effort to abandon an earlier guilty plea to a charge of lying to the FBI. The Justice Department moved last week to drop the prosecution of Flynn launched … Read more
Remarks by President Trump Before Marine One Departure Q What do you mean by cutting relations with China? What would that look like? THE PRESIDENT: We’ll see. We’ll see. We got a lot of things going with China. We’re not happy about China — I will tell you that. The ink wasn’t dry on a great … Read more
https://www.youtube.com/watch?v=Xeq9DKx_5PM As Doctor’s Offices Close Worldwide – Learn To Care For Yourself