On Wire

Breaking news, updates, and reports on current events.

2020 may be the first year of falling global GDP since WWII.

by

2020 may be the first year of falling global GDP since WWII. Wow … that’s an impressive historical statistics. And it was only the final years of WWII/aftermath where output fell. @capitaleconomics via @SoberLook pic.twitter.com/25gjD23BKc — Adam Tooze (@adam_tooze) April 2, 2020 With this report, there should be little doubt that…US is already in deep … Read more

Why Term Structure Will Kill Your Long WTI Trade

by

by KimchiCuresEbola If there’s demand… I’ll do a part two on equity factors and how to use factors to decide what companies to buy options for. Commodity Term Structure Basics Mr. FuzzyBlankeet, Esq. touched upon futures in his last post, so I’m not going to go into more detail on the basics, but something he left out … Read more

“Nobody has any taste for risk anymore. All of those exotic loan programs have ceased. All investors buying that paper are gone”: mortgage broker.

by

By Wolf Richter for WOLF STREET: The lockdown regime has changed the once booming housing market. Real estate businesses, such as real estate brokers, mortgage brokers, and other types of businesses, and the government offices that make it all work are now considered “essential businesses” under federal guidelines and under California lockdown rules. Social distancing must still be observed. But … Read more

How many Americans are infected?

by

by quantize_me How many Americans do you think are currently infected with SARS-CoV-2? How many Americans do you think will die? Write your answers down, this isn’t China, no bullshitting. Trump’s estimation of 200,000 deaths with a peak in mid-April is almost certainly an underestimate. Information based on “confirmed cases” is a load of crap … Read more

Weekly unemployment numbers

by

by trophicspore2 Let’s rally together and estimate all unemployment numbers again: Also looks like last weeks number are going up “Last week’s headline number of 3.28 million claims — itself a more than 1,000 percent increase — is also expected to be revised upward, in part because of stark discrepancies between data that states reported at … Read more

While the coronavirus crisis may be temporary GFC 2 won’t be

by

https://t.co/fTBrCbIy1N — Invariant Perspective (@InvariantPersp1) April 1, 2020 The market should be more worried about a ‘second wave’ of coronavirus cases, JPMorgan says https://twitter.com/GregMannarino/status/1245428169772945408 Stocks never bottomed near peak consumer confidence. Period. pic.twitter.com/kFoR6t6t7N — Otavio (Tavi) Costa (@TaviCosta) April 1, 2020 185 stocks in the Russell 1000 are down more than 70%. — Michael Batnick … Read more

ANDREW CUOMO: ‘If you go on a ventilator there is only a 20% chance you will come off it.’”

by

ANDREW CUOMO: ‘Four fifths of coronavirus patients who need ventilators will end up dead.’ “Governor Cuomo said: (The New York coronavirus death toll) is people who have been on a ventilator for a period of time. ‘If you go on a ventilator there is only a 20% chance you will come off it.’” So why’s he making … Read more

CNN is owned by Warner. CBS is owned by Viacom. NBC is owned by Comcast. ABC is owned by Disney. All the owners have film studios dependent on China’s box office.

by

by WTCMolybdenum4753 Do you think the news subsidiaries are going to be really honest about China? They take off our glasses and laugh as we fumble around. Only with our support are they able to do this The Democrats and the Media Gambled With American Lives to Own Trump    

Good luck collecting Unemployment: The average unemployment check will be $975/week and can only support up to 15 million total unemployment claims.

by

by badpizzaisstillgood $975 per week and 10 million people currently filed for unemployment = approx $42 billion per month assuming nobody else files for unemployment that going to cost $168 billion over a 4 month period, the budget is $250 billion dollars The current budget can afford approximately another 5 million more unemployment claims so … Read more

It only takes .5 ppms of nitrogen dioxide in the air to increase viral uptake into cells……

by

take 10 minutes and watch this anyway, the point is that nitrogen dioxide directly weakens and kills the type II epithelial cells that line your alveoli These are the exact same cells SARS-Cov2 attacks because they express ACE2 on their surfaces So, the common pollutant we are all breathing weakens you to infection In China, … Read more

Bailout BONUS Bonanza Going Bonkers … Again!

by

by David Haggith  The banks that are begging for bailouts still cling to their bonuses. To terrorize us into letting them keep their bonuses, the banksters are threatening to release the button on their suicide vests and blow themselves up by not taking the bailouts if they can’t have their bonuses. You would think the response … Read more

Acting Navy secretary: 2,700 sailors from aircraft carrier Theodore Roosevelt to be removed from ship following outbreak of coronavirus on board

by

Acting Navy secretary: 2,700 sailors from aircraft carrier Theodore Roosevelt to be removed from ship following outbreak of coronavirus on board — Lucas Tomlinson (@LucasFoxNews) April 1, 2020 Hard to “project power” abroad with empty carriers.   INTELSky @Intel_Sky · 4h The COVD-19 situation on board the US aircraft carrier Theodor Roosevelt, in port in … Read more

In effect Friday: Costco limiting number of customers permitted in stores to 2 per card.

by

(WJW)-Starting Friday, Costco will implement an updated guest shopping policy as part of its coronavirus response. According to its website, Costco will allow no more than two people to enter any warehouse with each membership card. “This temporary change is for your safety and the safety of our employees and other members, and to further … Read more

Don’t Sell US Treasuries! Fed Offers 6+ Months Of Repo Madness To Central Banks Around The Globe

by

by Jason Burack of Wall St For Main St Another day, another bailout continues! This time it’s the Fed offering global #RepoMadness to any central bank on the globe as long as they don’t dump their US Treasuries to raise cash to help their own struggling economies. FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our … Read more

GOOD NEWS FROM ABOVE THE LAW’S DAVID LAT: “Not an #AprilFoolsDay Joke: after 17 days at @nyulangone, including 6 days on a ventilator, I’m being discharged!”

by

Not an #AprilFoolsDay Joke: after 17 days at @nyulangone, including 6 days on a ventilator, I’m being discharged! Here’s my final hospital bed selfie. #coronavirus #COVID19 #coronaboy #LatsCovid19Journal pic.twitter.com/RlgDiVg7sU — David Lat (@DavidLat) April 1, 2020 Lat was at death’s door when they gave him the HC/Z treatment, I believe they started the treatment the … Read more