Administration faces significant hurdles in getting Fed to help rescue an oil industry squeezed by plunging crude prices given CB’s aversion to helping specific industries & ITS LACK OF AUTHORITY TO HELP BUSINESSES THAT ARE INSOLVENT …BECAUSE IT’S AGAINST THE LAW!

Administration faces significant hurdles in getting Fed to help rescue an oil industry squeezed by plunging crude prices given CB’s aversion to helping specific industries & ITS LACK OF AUTHORITY TO HELP BUSINESSES THAT ARE INSOLVENT …BECAUSE IT’S AGAINST THE …

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If corporate America expects us to bail them out every time we have a crisis, then maybe we need to start charging corporations a higher tax rate as an insurance premium…

If corporate America expects us to bail them out every time we have a crisis, then maybe we need to start charging corporations a higher tax rate as an insurance premium… Jim Chanos @jfc_3_ https://t.co/K6fBI00Ozt pic.twitter.com/nIDw1WaSRL — Real Vision (@RealVision) …

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This is broken. Fed buying junk and it’s still broken. Almost back to levels prior to the announcement.

https://twitter.com/Simple_Trends/status/1253446395215953921 https://twitter.com/RealTianZeng/status/1253726965070270467 https://twitter.com/tyler_bryant/status/1253531527574507520 https://twitter.com/NorthmanTrader/status/1253325114013151233 Longer term HYG risk proxy and S&P 500 are now back after massive Fed backed move. Interesting that HYG is trending down while Spooz are running higher. Careful peeps. pic.twitter.com/0fvIcnj335 — Gubb (@gubbmintcheese) April 24, 2020 …

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Watch for the ripple effects… More homeowners seeking to delay mortgage payments; Credit card companies are reducing card limits; US earnings revision ratio is back to ‘08 lvls;

Bloomberg News with some distressing news: U.S. homeowners seeking to delay mortgage payments topped 3.4 million, up 17% from a week earlier, according to Black Knight. About 6.4% of mortgage borrowers have entered forbearance — Robert Burgess (@BobOnMarkets) April 24, …

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“We Need Big Brother to Beat This Virus: Do not let the civil liberties lobby blind us to the fact that greater state surveillance, including ID cards, is required.” – UK Times

This is behind a pay wall, but do you really need more than a title? “Civil liberties lobby.” I am laughing. The NWO is not coming. It is already here. https://www.thetimes.co.uk/article/we-need-big-brother-to-beat-this-virus-5b0njl68r   h/t  girlwithpolkadots

Tremendous stress? I blame the Left.

ROUNDUP: “Stop Looking on the Bright Side: We’ll Be Screwed By the Pandemic for Years to Come,” John F. Harris, POLITICO. “Humans Are Too Optimistic to Comprehend the Coronavirus,” Olga Khazan, The Atlantic. “U.S. Exceptionalism Is Over,” Katrin Bennhold, New York Times. “We …

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Trump asked about how Coronavirus might impact the election.: “We have a sleepy guy in the basement of a house that the press is giving a free pass to… they’re keeping him sheltered.”

Trump asked about how Coronavirus might impact the election. “We have a sleepy guy in the basement of a house that the press is giving a free pass to… they’re keeping him sheltered.” pic.twitter.com/5RlMyH16kQ — Benny Johnson (@bennyjohnson) April 23, …

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