On Wire

via washingtontimes Dr. Antony Fauci, director of the National Institute of Allergy and Infectious Diseases, urged Americans to shut down more aggressively as the coronavirus spreads. On MSNBC’s “Meet the Press” Mr. Fauci endorsed a 14-day “national shutdown” to help slow down the virus. He explained that he has brought it up with the administration, which is generally open to … Read more

HAPPENING NOW: Matt did not answer our calls so we went to his storage unit. The AG’s office was on the scene facilitating with the donation. This is the 3rd stop they’ve been to this morning to gather the sanitizer. @WRCB https://t.co/SLOaEwJLOj pic.twitter.com/REJPNhiSbS — Hunter Hoagland (@HunterHoagland) March 15, 2020 “I just want to make … Read more

We need to brace for longer lockdowns: “Americans should be prepared that they are going to have to hunker down significantly more than we as a country are doing” says longtime NIAID director Dr Fauci. He is one of the few voices in US govt that I absolutely trust on #COVID19 pic.twitter.com/kIoLH5yjIh — Eric Feigl-Ding … Read more

https://twitter.com/MI_Investments/status/1239326296456364032  

https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e4d3 Hedge fund legend Ray Dalio talks about the losses his fund has taken. They had to decide how to respond to the coronavirus situation, and just sat on their hands. No doubt many more mutual and hedge funds are having to make tough re-allocation decisions right now. I know folks here are mostly buy-and-never-sell … Read more

https://twitter.com/AguzziTemp/status/1239093168131489792 It means lockdowns do flatten the curve and are necessary so that the virus does not overwhelm the health system any more than need be. That’s what it means. It means an outcome that is less bad.   Good work, paesanos! Glad to hear it.     h/t Builder  

The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus. https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-pr

by the_dark_side A little bit of background on Oregon, where the Intel Headquarters is located and 40% of their overall Fabrication sites are located.: Oregon can currently test about 80 people a day. Basically, we have no idea how many people are sick in the state. But there has been multiple community spread cases and … Read more

by LaweKurmanc Just wanted to give a quick report about the conditions in Germany: Many people didn’t expect it to become this big. A little bit nervousness and fear is spreading. Beforehands many tried to be cool or make fun of it. People are told to stay home and try to keep down the numbers, … Read more

by remember_nocoomer Ok boys since I am a GIANT pussy who actually cares about the well being of people regardless if I know them or not Im making this post. Call me gay or whatever idc. Obviously an economic recession is very possible and lots of people, including some of you guys, could get laid … Read more

by TaxationIsTh3ft If we start to see corporate defaults on credit lines and loans, we are fuk. So this issue of corporate debt apparently has been known about since, like, forever. By forever I mean 2017, but since we are all goldfish, thats a fucking century ago. So lets talk about it. So in the … Read more

by WolfOfWeedstocks Seasonal construction worker, can confirm. Currently laid off, waiting to goto work when weather breaks. This happens to me almost every year, lay off for 1-3 months during winter, then back to work around spring time whenever recession ends. I sign up for my free govt unemployment every other Sunday(that’s 1st day you can sign … Read more

by LeChatBurglar I’ve been seeing a lot of people buying calls/LEAPs for oil, USO, service companies, etc. and saying they’re a good buy right now. There is further pain for the oil business, even if Saudi and Russia hug and play 4-square again tomorrow without any further issues. I want to help you all with … Read more

London (CNN Business) – Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. Looking to take advantage of low interest rates, … Read more

by TheMentelgen All the bulls saying this shit is priced in are under the same misunderstood mindset of the general public right now. “We deal with this for a few weeks and then life goes back to normal.” News flash retard, that’s not the timeline. Buckle the fuck up because I’m about to learn you … Read more

https://twitter.com/GregMannarino/status/1238977742776832001 https://twitter.com/dynamicvol/status/1239010102612459526 Deficits are going to skyrocket globally. Will that huge need for debt cause QE to be aimed only at bond mkts? In other words, does any new global QE 💰that used to leak into stocks (Portfolio Balance Channel) now need to remain in bond mkts + what does that mean for stocks?🤔 pic.twitter.com/D7U5GVBBbb … Read more

https://markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. The bank said its views of the coronavirus outbreak “have evolved dramatically in recent weeks.” JPMorgan economists now expect US GDP to shrink by 2% in the first quarter and 3% in the second. Eurozone GDP could … Read more