Breaking news, updates, and reports on current events.
Dealing in debt is never easy! If you have a small debt, you just have to make the small payments regularly to get out of it. But when you have a big debt, not only you have to manage a good amount of money that you do not already have, but you have to deal … Read more
https://www.youtube.com/watch?v=hcshTNlKLuM Virginia Kruta from The Daily Caller reports, Fox News contributor Gillian Turner asked Chris Wallace what could happen if all three major 2020 contenders were to contract CV. Turner joined Wallace’s discussion on “Fox News Sunday” about the spread of the virus and the administration’s response to its spread. Read More/Source/Credit/FairUse: https://dailycaller.com/2020/03/15/gi…
Logan on the "mortgage meltdown". He says some lenders are concerned about EPO (early payoff risk). Other brokers have told me they get "no bid" on MBS. This is crazy. https://t.co/4tntPzC9wW — Bill McBride (@calculatedrisk) March 18, 2020
if you thought S&P -5% was a bad day, look at some of the Credit ETFs and REIT ETFs, then Loan/CLO ETFs and lastly Virus-related (this one is not a surprise though) -3x levered stuff all getting liquidated, this was a flush in Credit, maybe even some single name stocks pic.twitter.com/QmWnxFICop — Gold Mansacks (@Gold_Mansack) … Read more
https://twitter.com/DavidInglesTV/status/1240402526337458179 #recession … #Global $USD #Liquidity #Squeeze edition City of London shutting down?$GBP 📉$USD 📈https://t.co/EQyfw1Iy9H — Invariant Perspective (@InvariantPersp1) March 18, 2020
We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. Trade will not be affected. Details to follow! — Donald J. Trump (@realDonaldTrump) March 18, 2020
EVERY single casino and machines in even small ones are ordered to be turned off, major properties shut down i know it doesnt mean much to you guys, nor me personally, i doubt gamble anyway but its going to crash the local economy…gambling/casinos is life blood here, what keeps things going. the GOV sounded scared … Read more
Today was supposed to be Day One of new #coronavirus screening measures for those flying into Canada. That’s what Prime Minister #JustinTrudeau told us on Monday, right? And he wouldn’t be reckless with the truth, would he?
by Wayne Allyn Root I’m the ultimate positive thinker. I’m also very cynical. You can be both. My favorite saying is, “Expect the best, prepare for the worst.” So, I’m going to give you both sides of the Coronavirus story. Let’s start with the bad. This is the worst mess of our lifetimes. The economy is … Read more
Trump Announces He’s Invoking the Defense Production Act Live just now. The Defense Production Act of 1950, as Amended (50 U.S.C. App. 2061 et seq.) https://www.fema.gov/media-library/assets/documents/15666 Defense Production Act From Wikipedia, the free encyclopedia The Defense Production Act (Pub.L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the … Read more
https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy Even as the United States continues to experience its longest economic expansion since World War II, concern is growing that soaring corporate debt will make the economy susceptible to a contraction that could get out of control. The root cause of this concern is the trillions of dollars that major U.S. corporations have spent … Read more
Just as a case study here since a lot of people are asking “when is a good time to buy” and so on. It is always nice to reflect on what the “best time to buy” was for previous major corrections. AC
https://www.bloomberg.com/opinion/articles/2020-03-17/coronavirus-stock-crash-is-time-to-do-nothing-don-t-be-buffett-k7vef8o8?sref=5M6fXPU6 The following is an opinion piece posted on Bloomberg yesterday. The author, John Authers, essentially make an argument for investors to simply do nothing. Extreme situations create opportunities; they also offer the chance to lose ungodly sums of money. That is why we need to be careful with what psychologists call activity bias. It is a natural … Read more
Kinda don’t blame them, but I don’t think they are necessarily doing it for the right reasons. https://twitter.com/_EmmaGH/status/1239957248241291264 Breaking News: China said it would expel American journalists working for The New York Times, The Wall Street Journal and The Washington Post https://t.co/iQ84ISO9HW — The New York Times (@nytimes) March 17, 2020 Builder
It simply means the higher that Gold line goes, more likely a Chinese economic crisis and more epic when crashing. It’s like staying awake without sleep on meth, longer and more you take means bad news when you eventually crashes. Those are some extreme Overdose levels right there, probably an instant death for normals. … Read more
BNO Newsroom @BNODesk Dutch Healthcare Minister Bruno Bruins has collapsed in parliament during a debate about coronavirus Dutch Healthcare Minister Bruno Bruins has collapsed in parliament during a debate about coronavirus pic.twitter.com/sjtbdCA6QZ — BNO News (@BNOFeed) March 18, 2020 AC
WELL, IF BY “FALSE CLAIM” YOU MEAN “LIE.” Media, Democrats Ran With False Claim Trump ‘Disbanded’ Pandemic Office. The official who once ran the White House pandemic program dismissed a false Democratic talking point that Trump eliminated the pandemic-response team and criticized reporters for parroting the claim in news stories. “No, the White House didn’t ‘dissolve’ … Read more
I have to go back and listen but I thought he said that many Americans depend on fast food and a larger amount will in the future. I’m going to try and find the clip. Was curious if anyone else noticed it and thought it was odd. Here is a video. The specific comments start … Read more
