Breaking news, updates, and reports on current events.
There has always been the assumption that the Fed will be there to backstop any losses. They have done this through buying toxic assets and bonds. This doesn’t resolve any issue whatsoever, but it gives the markets reassurance that the financial system can persist while the crisis simply continues. Make it known: The Financial Crisis … Read more
Greg Hunter gives The Weekly News Wrap-Up for Friday, March 6th, 2020 Virus Fears Cause Financial Crisis, Bernie Screwed Again, Economic Update Who knows how bad the virus problem is going to get, but the financial fallout is real and getting worse. Hotels, airlines and restaurants are getting killed along with many other businesses around the world, … Read more
https://www.youtube.com/watch?v=0LD2qgeu9TQ
San Francisco’s no arrest policy. This is Speaker Nancy Pelosi's district. Total anarchy! pic.twitter.com/FfeQHQqWkd — ACT For America (@ACTforAmerica) March 4, 2020 ‘Total Anarchy’: Viral Video Shows What San Francisco’s ‘No-Arrest Policy’ Looks Like https://townhall.com/tipsheet/leahbarkoukis/2020/03/04/anarchy-what-san-franciscos-no-arrest-policy-looks-like-n2563121 INSANE Viral VIdeo Shows People Looting California Walgreens As new Law STOPS Police From Arresting h/t dr0id
https://www.youtube.com/watch?v=LyZKjobblgs
“Mini Mike,” as the president calls him, is funding an anti-Trump operation in six battleground states in an effort to oust Trump Bloomberg will dip into his vast fortune to pay for field offices in Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin, campaign aides said Thursday. It will be done through some type of independent expenditure committee that won’t be able to … Read more
This is what open borders policies look like. Welcome to Paris. https://t.co/KNyX2G1qdu — Ian Miles Cheong (@ianmiles) March 6, 2020
via wfsb Amid a coronavirus outbreak in the United States, the US Centers for Disease Control and Prevention is encouraging older people and people with severe chronic medical conditions to “stay at home as much as possible.” This advice is on a CDC website that was posted Thursday, according to a CDC spokeswoman. Early data suggests older people … Read more
by Black Unit Ok, so we all know in the next few days friends and family will come to you asking advice on how or what to prep, or even worse, your family will invite you over to see their preps and they show you their 36 hour bug out bag they bought off Amazon and … Read more
https://www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war Hope none of you bought on this “dip”. Oil will continue to drill. Opportunities for a bounce will happen but you will need to be patient while Russia, SA and other OPEC countries go to war against US shale and each other. US Oil companies will fail if this turns out to be a … Read more
This is the first time that Beirut has defaulted on its nearly $90bn debt pile, on which it was spending around half of government revenues just to pay interest. It has around $30bn of foreign currency dominated debt. Source FT Edit: Added guardian’s coverage for those that can’t access FT AC
by Alex Reason: More people know how to hedge the crisis/downturn. eg buy puts, vix, shorts. I believe some hedge funds probably hedges with repo funds that borrows from fed. liquidity is double edge sword now. bubble everywhere, not just stocks. fed cant handle all the crisis with less ammo than 08. for one thing, … Read more
by WikiTextBot https://www.sec.gov/Archives/edgar/data/1067983/000119312520064645/d853116d424b5.htm 0 is cheaper than storing $1,085,500,000 U.S. dollar equivalent in euro notes. It’s also more liquid. The Zero lower bound is below for zero for practical reasons. If the rates go too negative it becomes cheaper to just do like Scrooge McDuck and store physical cash in a Money Bin. Zero lower bound The Zero … Read more
by rawrtherapy https://www.usnews.com/news/health-news/articles/2020-03-06/the-latest-thailand-visitors-from-6-areas-must-report All the recent news and cancellations of the Coronavirus can be found with the link above it seems like they do a good job of updating Puts on Italy Shame whats going on over there though, really hope they fix it soon im starting to feel bad buying Puts and making money … Read more
by josiborg I’m in Walmart trying to buy my kid’s allergy formula when I find they are all out. Which is a little surprising because there’s really not a huge demand but it’s possible I just showed up at the wrong time. I talk to the customer service lady in the baby department who then … Read more
by stonksmarket meme for fun https://i.imgur.com/qvli3vT.png Live Nation -26% Disney – 18% Seaworld -40% Six flags -44% American Airlines -43% Wynn Resorts -25% Carnival Corporation -35% Royal Caribbean Cruises -41% Exxon Mobil -22% Avis rental car -50% TD Ameritrade -28%
Since the shock-and-awe surprise rate cut, the S&P 500 has dropped 3.8%. By Wolf Richter for WOLF STREET. The whiplash-inducing volatility in the stock market has been quite something. Today, after a last-minute push that fizzled in the last five minutes of trading, the S&P 500 ended the day down 1.7%. By the size of recent moves, that … Read more
Authored by Alasdair Macleod via GoldMoney.com, Oil prices have sold off sharply over the past month. Despite a series of bullish events – the killing of Qasem Soleimani by the US, Iran’s retaliation attack on US troops in Iraq, the shutdown of almost the entire Libyan production and the US’ tightening the screws on Venezuela by … Read more
Been waiting years to tweet this.. “In bear markets, stocks return to their rightful owners.” – J.P. Morgan — Ian Cassel (@iancassel) March 6, 2020 https://twitter.com/Alex10050409/status/1236082371734233089 “Yields plunging” headlines abound. Some yields are. But some are going the other way! And it’s the ones going the other way that matter! Does it matter if Fed … Read more
If they stop making our medicine, we will literally die! F*ck the commies and bring back all manufacturing. Our lives depend on it Amazing how the corona virus has opened the eyes of so many leftards to the dangers of globalization. Coronavirus Exposed America’s Heavy Reliance On China For Medicines Pretty scary sh$% this is … Read more