So much cash on the sidelines (that can be deployed or re-deployed)

by WSBConsensus Total U.S. money-market fund assets grew by $13.61 billion to $3.589 trillion for the reporting week ending Feb. 25 Add buyback bid unspent war-chest ($4bn per day in working buy orders) Add Private Equity unspent war-chest. PE wont care about no corona in their DCFs Add that CTAs just finished selling and if anything will turn buyers from here Add … Read more

Charlie Kirk: Three Chinese nationals were apprehended trying to cross our Southern border illegally – Each had flu-like symptoms

Charlie Kirk Verified account @charliekirk11 BREAKING: Three Chinese nationals were apprehended trying to cross our Southern border illegally Each had flu-like symptoms Border patrol quickly quarantined them and assessed any threat of Coronavirus Our weak border is a health risk Close the border—Build. The. Wall. RT! BREAKING: Three Chinese nationals were apprehended trying to cross … Read more

The Budget Problem Washington Dare Not Mention

It’s the unfunded future obligations under Social Security, Medicare and other entitlements that make the national debt $122 trillion, not the officially cited figure of $23 trillion. The Committee for a Responsible Federal Budget (CRFB) had an otherwise-excellent summit on the budget Tuesday that featured Senate Budget Committee Chairman Mike Enzi (R-WY), Sen. James Lankford (R-OK) and … Read more

Major CEOs Who Stepped Down in the Past MONTH: What’s going on?

Grace @reallygraceful Major CEOs who stepped down in the past month: -DISNEY -MASTERCARD -LBRANDS -UBER EATS -HULU -MGM -IBM -LINKEDIN What’s going on, y’all? Major CEOs who stepped down in the past month: -DISNEY-MASTERCARD-LBRANDS-UBER EATS-HULU-MGM -IBM -LINKEDIN What's going on, y'all? — Grace 🔎 (@reallygraceful) February 26, 2020   h/t dr0id

Just a Corona Correction?

By Harry Dent The markets on crack have largely ignored the coronavirus, which obviously could be a potential game changer. And now they react, down 2,600 points on the Dow, as soon as it hits a “white toast” country like Italy. Yes, the markets are quite bigoted! The markets have been on a tear ever since the … Read more

A 25-year-old Nurse in Iran Dies from Coronavirus Following Infections of Multiple Iranian Government Officials

A 25-year-old nurse in Iran dies from coronavirus. Narjes Khanalizadeh from Milad hospital in Lahijan.#irancoronavirus A 25-year-old nurse in Iran dies from coronavirus.Narjes Khanalizadeh from Milad hospital in Lahijan.#irancoronavirus pic.twitter.com/FvBTN2EZJf — Farnaz Fassihi (@farnazfassihi) February 25, 2020 Iran health minister who downplayed coronavirus threat tests positive for virus This would be funny if it were … Read more

JAMES O’KEEFE COLLECTS ANOTHER SCALP: ABC News suspends David Wright for remarks made in Project Veritas video.

via foxnews The veteran reporter expounded at length on his political views. “I would consider myself a socialist, like I think there should be national health insurance,” he said. “I’m totally fine with reining in corporations, I think they’re too many billionaires, and I think there’s a wealth gap – that’s a problem.” In the hidden video … Read more

Major concerns for global recession, Coronavirus is the black swan

by juxuj Jerome Powell has already said that the Fed will agressively combat the next recession. There is forward guidance, quantitative easing and lowering interest rates, something he has adamantly opposed, but has probably already reconsidered, as central banks scramble to form and implement strategy to prevent a massive economic crisis. It is already looking … Read more

Usually the worst credit mistakes are made after the Yield Curve Inverts. Blow Off Tops apply max pressure on value investors. Is This Time Different?

The fact that IFRS books it as “Equity” should be a dead giveaway. $DB Leverage actually increased to 36x tangible equity ex DTAs in 4Q19. — PlungeProtectionTeam (@gamesblazer06) February 26, 2020 Stop me if you’ve head this before: The 30 Year TSY hit a record low today 1.30%$TLT @chigrl @GaryKaltbaum @DiMartinoBooth #treasuries #rates — Reminiscences … Read more

HR 2339- ban ALL vapor products in ALL flavors except tobacco- scheduled for vote in House Thurs 2/27

(Update – 02.21.20) Oppose H.R. 2339! HR 2339 (Pallone-NJ), which would, among other things, ban vapor products in flavors other than tobacco, is scheduled for a vote by the full House of Representatives on Thursday, February 27, 2020 Take Action – Send a Message urging your officials to VOTE NO on HR 2339! https://www.votervoice.net/CASAA/Campaigns/68346/Respond?vvsn=BAAAAAyzAC6rQACzJ6V7FBA https://www.votervoice.net/mobile/CASAA/Campaigns/68346/Respond?vvsn=BAAAAAyzAC6rQACzJ6V7FBA … Read more

No fear for GROWTH stocks

by WSBConsensus So what did investors do during the past 2 day sell-off? Bought Growth. If you look at the complexion of the flow, the continued outperformance of Momentum (+121bps) and subsequent underperformance of Value (-86bps) ultimately underscored that rotational moves beneath the surface aren’t accompanying index-level risk-off trading. Instead, the heightened global growth fears … Read more

14% of recovered coronavirus patients in China’s Guangdong tested positive again

About 14 per cent of patients who recovered from the novel coronavirus and were discharged from hospitals in southern China’s Guangdong province were tested positive again in later check-ups, according to the local health authority. There is no clear conclusion on why it happens and whether such patients could still be infectious, said Song Tie, … Read more

TYLER COWEN: Why are we letting FDA regulations limit our number of coronavirus tests?

Since CDC and FDA haven’t authorized public health or hospital labs to run the [coronavirus] tests, right now #CDC is the only place that can. So, screening has to be rationed. Our ability to detect secondary spread among people not directly tied to China travel is greatly limited. That is from Scott Gottlieb, former commissioner of the FDA, … Read more

Court rules Trump administration can withhold grants from ‘sanctuary cities’

A federal appeals court ruled Wednesday that the Department of Justice can refuse to give crime-fighting money to cities and states that consider themselves sanctuaries and refuse to share information with federal immigration authorities. The unanimous ruling from a three-judge panel of the Second Circuit Court of Appeals was a defeat for New York City … Read more

Travel Bans Work

Paul Joseph Watson @PrisonPlanet Russia banned all travel from China & closed its border. Had 2 cases of coronavirus (both Chinese) who have now recovered. Italy did nothing, now has hundreds of cases and some of those people have spread it to multiple other European countries. Yes travel bans obviously work. Quote Tweet Russia banned … Read more