On Wire

I can’t even begin to imagine all this. pic.twitter.com/X9a6XJCGqs — Gratke Wealth, LLC (@GratkeWealth) May 4, 2020 INVESTORS HAVE NO FEAR OF BANKRUPTCY ANYMORE DUE TO THE FED THIS WAS REPORTED ALL LAST WEEK AND THIS POS STOCK IS STILL ABOVE $3 INCREDIBLE 🤔@DiMartinoBooth @GaryKaltbaum @OpenOutcrier https://t.co/OrcQE3dgl4 — Reminiscences of an American Capitalist (@4Awesometweet) May … Read more

by Ron Paul Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the … Read more

by Simon Black At precisely 4pm on Friday October 17, 1975, New York City’s government would have a $453 million in debt to repay. But literally the night before, the city’s government had only $34 million on hand. It was the makings of an epic financial crisis: the wealthiest city in the world was about to … Read more

by fairysparkles333 I’m in Indiana and the state opened back up on May 1 but my County in particular which is in the capital is still on lockdown until May 15. Yesterday my boyfriend and I went to a state park hoping to just get some fresh air. We had been to parks before and … Read more

One Washington small business owner was shocked at the reaction of her laid off employees who were outraged at the news her spas were among the lucky few enterprises to capture a forgivable government loan under the Paycheck Protection Program (PPP). “It was a firestorm of hatred about the situation,” Jamie Black-Lewis told CNBC. The loan secured … Read more

by Annapurna I guess Jeffrey Gundlach’s bluff is being called out and the Fed will deliver on their March 23 promise. I will definitely be looking closely at the Fed’s weekly statistical releases over the next few weeks to see changes in the balance sheet. https://www.newyorkfed.org/newsevents/news/markets/2020/20200501 https://www.newyorkfed.org/markets/primary-and-secondary-market-faq/corporate-credit-facility-faq    

This guy is BOLD! Impressed that he would come out and say this on national television. And the guy is a democrat!Proud to say he's an Oregonian, too.@BryanDeanWright pic.twitter.com/PlwM5c2ssp — Mr Reagan 🇺🇸 (@MrReaganUSA) May 2, 2020 This is one for the history books. Turn the page, because Spygate is ON.   AC

Politicians can paint pretty pictures all they want but its obvious whats happening. Massive Drop in Homebuyer Interest Can virtual tours, phone calls and video conferences replace the real thing? So far, the answer is no as Real Estate Agents Assess the Post-Pandemic Future of Homebuying.https://t.co/1PYMGK6ekn — Mike "Mish" Shedlock (@MishGEA) May 4, 2020 https://twitter.com/realwillmeade/status/1257028480157601797 … Read more

via arstechnica There are a lot of things one could buy in the aerospace industry for $146 million. One might, for example, buy at least six RD-180 engines from Russia. These engines have more than twice the thrust of a space shuttle main engine. Or, one might go to United Launch Alliance’s Rocket Builder website and … Read more

by SarcasticaFont McDaniel: Media And Democrats Went From “Me Too, Me Too, Me Too,” To “Move On, Move On, Move On”

Millions of Americans filed for first-time unemployment benefits in March but 71% of them did not receive their benefits that month, delaying aid as laid-off workers struggled to pay rent and cover basic expenses, according to an analysis of Labor Department data by the Pew Research Center. Just 2.1 million of about 7.37 million applicants … Read more