Breaking news, updates, and reports on current events.
by AC Fluent speaker, will do my best to translate. If all of the pictures and videos circulating on social media are true, (have contacts in mainland that saw even small third tier city had suspected case, emergency personnel in hazmat suit putting patient in ambulance )this is a massive cover up and a humanitarian … Read more
Happy Chinese Year of the RAT….to all of the guests stuck with Mickey Mouse during the China plague of 2020. FROM DISNEY CORPORATE Temporary Closure of Shanghai Disneyland, Disneytown including Walt Disney Grand Theatre and Wishing Star Park – January 24, 2020 In response to the prevention and control of the disease outbreak and in … Read more
by bigbear0083 It has been a few weeks, if not a few months since we have seen any kind of meaningful downtick in this market over the past couple of months. It has been nothing but up for a long time. Seems like the market reacting to some news out this morning: Dow drops … Read more
Caught! ABC’s Stephanopoulos trying to cut off the President’s lead counsel. pic.twitter.com/JQD6YhlkCW — The White House 45 Archived (@WhiteHouse45) January 24, 2020 MSM being MSM. Another example of how they attempt to omit certain information from their viewers if it doesn’t fit the narrative. h/t smurfin101
by Power80770M Because the market is finally breaking. It was held up with retard strength the past few months. I’m not going to short when it’s grinding higher every day, I’m going to short when it finally breaks. Disclaimer: Consult your financial professional before making any investment decision.
https://www.bloomberg.com/news/articles/2020-01-24/walmart-boosts-starting-hourly-pay-to-12-for-some-staff-in-test Walmart Inc. is testing out a higher minimum starting wage for certain jobs in hundreds of stores as part of a broader overhaul of roles and responsibilities across its massive U.S. workforce. In the 500 or so stores that have introduced the retailer’s new operating model, dubbed “Great Workplace,” some associates in the fresh, … Read more
https://www.youtube.com/watch?v=03k7F3ygNAQ&feature=youtu.be It’s a totalitarian regime… there is no panic since they have full control. The “panic” is the higher status people lining up to leave any way they can. The regular folk who are dumb aren’t as concerned because they are naive and being lied to about the severity of the virus. SP
Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group Since 1975, the Social Security Administration (SSA) has provided automatic Cost-of-Living Adjustments (COLAs), which increase Social Security benefit payouts. For 2020, the adjustment officially ended up at 1.6%. According to the SSA, this adjustment is “enacted by legislation that ties COLAs to the annual increase in the Consumer Price Index … Read more
This does not look like a hospital to me. It may not seem like it, but this is a construction project that aims to save lives. China is building a hospital dedicated to dealing with the coronavirus outbreak. According to the World Health Organization, at least 571 cases of the virus have been reported … Read more
https://twitter.com/ChuBailiang/with_replies
by Egon von Greyerz In this insightful interview, Max and Egon talk about the 2010s as a decade of fantasy and decadence. Central bankers medicine has enabled the terminally ill patient to survive for much longer than he should have. But that sadly will soon come to an end. Egon further warns: Stocks will be a … Read more
Those counting on the Fed’s endless “Not-QE” or whatever to inflate the market might be disappointed. By Wolf Richter for WOLF STREET. The Fed had doused the market with $410 billion in liquidity between September and January 1 through its repo operations and its T-bill purchases. Market hype had expected this blistering pace of money-printing to continue, but wait… While … Read more
https://www.youtube.com/watch?v=Mhy8bVg5FjM Shocking video of the imminent global currency reset and economic collapse! The Devaluation of the dollar has been happening for the last 70 years or so, especially after 1971. The devaluation of the dollar is a monetary phenomenon and typically driven by lowering interest rates by the federal reserve to increase credit and liquidity. … Read more
by visualcapitalist What percentage of your income goes into Uncle Sam’s pocket? Your answer will vary depending on how much you earn. Data shows that low and middle-income families pay a much greater share of their income towards state and local taxes than wealthy families. Today’s visualization uses data from the Institute on Taxation and Economic Policy (ITEP) … Read more
by UPFINA In a simple world without expectations, stocks would rise as much as earnings grow. As we know, it’s not a simple world as expectations rule the day. We often see investors jump the gun by buying before the first signs of economic and earnings improvement occur and selling before recessions start. Everyone is trying … Read more
via sentimentrader Two weeks ago, options traders pressed their bets, pushing speculative activity to a record high. And they just keep pressing. Last week, call buying to open as a percentage of all NYSE volume hit a record that had been set just the prior week. Even more telling, traders are not willing to cap their … Read more
Federal Reserve’s Repo Market Fix Is No Fix at All (Bloomberg Opinion) — With their best intentions in mind, central banks and governments have instituted rules to ensure that financial institutions have enough liquidity to withstand another crisis. But liquidity coverage ratios, high quality liquid assets rules, Basel 3 compliance, global systemically important bank charges, … Read more
2-year and 5-year rates have fallen below EFFR again after steepening to +20bps. If this persists out the curve, the Fed will have to keep cutting ✂️✂️ pic.twitter.com/XTbyxZcBYv — Eric Basmajian (@EPBResearch) January 23, 2020 Why do you feel the best way to manufacture that is more QE? Rate cuts would steepen the curve faster, … Read more
Blame the Fed. Blame tariffs. Blame GM. Blame Boeing. But US industrial production has fallen from 5.4% growth in September 2018 to minus-1.01% in December. “Production has been negative for the last four months.” (via DRW) pic.twitter.com/QvqGqtQxAe — Carl Quintanilla (@carlquintanilla) January 23, 2020 But they say it’s getting better… https://t.co/Vuiwu8gC5E — PlungeProtectionTeam (@gamesblazer06) January … Read more
OAKLAND, Calif. – Twenty-one year-old Max Zimmer showed us some bruises on his back, and the smashed windows of his pick-up truck, the visible damages of what he says was an attack near a homeless encampment in Oakland. “There was definitely a moment where I was scared for my life,” Zimmer said. https://www.ktvu.com/news/man-attacked-near-oakland-homeless-encampment