On Wire

Real economy in meltdown! And we have new ATH in valuations! THIS. IS. INSANITY. pic.twitter.com/dNhMHCgtXk — Henrik Zeberg (@HenrikZeberg) May 6, 2020 "This market is divorced from reality,,,there's such a strong bid to this market – particularly in the overnight futures trading – it just doesn't make any sense." –CALSTRS CIO Ailman — Dave Collum … Read more

2/ Charlie Munger: "they're coming late to any sort of delivery system. But in the end they’ll be more efficient and they’re already more trusted. So I would say all the figures show that Costco has nothing to fear from Amazon." — Tren Griffin (@trengriffin) May 6, 2020

FORCED MISALLOCATION The Fed is propping up companies it had warned banks not to touch https://t.co/ldmmIBMCiP — Win Smart, CFA (@WinfieldSmart) May 5, 2020 For years, the Federal Reserve warned that too many highly risky companies were engaging in fuzzy accounting that bumped up their earnings — making it easier for them to obtain loans. … Read more

FED'S CLARIDA SAYS WE’RE LIVING THROUGH THE MOST SEVERE CONTRACTION IN ACTIVITY AND SURGE IN UNEMPLOYMENT WE’VE SEEN IN OUR LIFETIMES – CNBC — *Walter Bloomberg (@DeItaone) May 5, 2020 https://twitter.com/Hipster_Trader/status/1257702221992480770 Tomorrow ADP will tell us that 20mm people lost their jobs last month and as the same time the NASDAQ is flat on the … Read more

BALTIMORE (WJZ) — For some workers in the service industry, it can make more sense for them to stay at home amid the coronavirus pandemic rather than go back to work since they are making more money now on unemployment. Out-of-work Americans welcomed the financial relief brought on by the Paycheck Protection Program when President Trump … Read more

DENVER (CBS4) – Now that the federal government’s social distancing guidelines have expired, Frontier Airlines is offering a new option for people who want a little more personal space. For an extra $39, the airline will make sure the seat next to you is empty. “Frontier Airlines passengers can now reserve a ‘More Room’ seat assignment … Read more

Chinese students and faculty better speak well of the CCP online on US websites! Are the western media sites going to be complicit in the censorship? Probably yes. How soon until the CCP is monitoring and censoring Western users on social media? **************** CCP to Monitor Postings on Foreign Self-Media Han Lianchao, a former employee … Read more

Second Wave of Virus Outbreak Spreads Further in Southern China Epoch Times A district in the southern Chinese city of Guangzhou announced more than 10 asymptomatic carriers of the CCP virus in recent days. A neighboring province and the nearby city of Shenzhen also reported new infections among people who came from Guangzhou, indicating the … Read more

Not sure if some you guys remember but my mother, who owns a dog grooming business told Dewine to pound salt and that she was going to reopen anyways. She is almost out of money and still has to receive her trump check. So she opened up on the 1st and within 4 hours, someone … Read more

By Simon Watkins With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Kurdistan, and enduring political chaos with frequently-changing prime ministers popping up whilst the real power remains with firebrand cleric Moqtada al-Sadr, the last thing Iraq needed was … Read more

PROPAGANDA: ‘Put on a mask and shut up’: China’s new ‘Wolf Warriors’ spread hoaxes and attack a world of critics. The newscast blares from a television set in a Beijing apartment, carrying through an open window and echoing across the compound. The refrain is the same every evening: praise for China’s handling of the coronavirus, dire … Read more