Mental Health During Quarantine
by Some-Unit
How the Coronavirus is Already Repricing the World
by John Mauldin What will be the longer-term fallout of the coronavirus be on the economy, the markets and society? We’re starting to catch glimpses of it already. And the world looks a lot different than the one we knew. As my …
Fed, State, County Government workers being Paid…!!! While Private Citizens are SCREWED? < TURNED INTO RUMBLE INSIDE
So for the Past MONTH.. Federal, State and County workers have been given a PAID vacation. The extent of their stress is dealing psychologically with their guilt. But if youre a private sector worker YOURE SCREWED. NOTHING, NADA.. oh wait..here’s …
THE STILL REPORT: Fake V.A. Study Claims HCQ Is Ineffective!
NOTE: Report begins at 1:25. it was Debunked by Laura Ingraham and Two Infectious disease docs last night The same day NY started using chloroquine, look what happened. h/t DS
Illinois Extended Stay at Home – through May, maybe June!
Illinois’ Stay-at-Home Order Extended Through May, Pritzker Announces The statewide stay-at-home order was previously in effect through April 30 By Mary Ann Ahern • Published 3 hours ago • Updated 18 seconds ago Illinois’ stay-at-home order will now be in …
China to give WHO US$30 million more after US freezes funds: Official
BEIJING: China announced on Thursday (Apr 23) it will give another US$30 million to the World Health Organization to help in the global fight against the coronavirus pandemic, days after Washington said it would freeze funding. The US, which is the …
50% of Americans Say Their Savings Will Run Out This Month
The COVID-19 outbreak has spurred not just a health crisis, but also an economic one. With millions of Americans now out of work and countless small businesses shut down, a large number of U.S. adults are already scrambling to pay their bills. …
Up to 2.7 Million in New York May Have Been Infected, Antibody Study Finds
Preliminary results from New York’s first coronavirus antibody study show nearly 14 percent tested positive, meaning they had the virus at some point and recovered, Gov. Andrew Cuomo said Thursday. That equates to 2.7 million infections statewide — more than 10 …
SIX Senators ‘Unanimously’ Pass $483 BILLION Spending Bill. BOOM: American billionaires $280 billion RICHER since pandemic… Big banks get bigger…
With Only 6 Members Participating, Senate Passed $483-Billion Spending Bill by ‘Unanimous Consent’ The U.S. Senate on Tuesday passed a $483-billion spending bill to further aid Americans during the COVID-19 pandemic—with only six members of the 100-member Senate participating. The bill was …
Most Americans Are Not Going To Be Able To Handle What Lies Ahead
https://www.youtube.com/watch?v=Pa8zOmvMcrg For the past few days, I have been explaining the different impacts the current health situation has had on the economy. I have warned you about the stock market crash and the oncoming derivative crisis. In fact, as oil …
Firefighters beg “Stop microwaving face masks!”
Quote:It doesn’t sanitize the masks, but it could set your kitchen on fire. People across the country have been putting face masks in microwaves in attempts to kill germs, leading fire departments to caution against the move. … “The NH …
Massive layoffs and pay cuts for Gov workers
State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week. In many places, such as Detroit and Los Angeles, those …
New Treasury/SBA Guidance: If you don’t need the PPP money, return it!
by NeoMatrix5 https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf https://www.cnbc.com/2020/04/23/us-issues-new-guidance-for-small-business-loans-to-make-it-harder-for-public-companies-to-get-funds.html In addition to reviewing applicable affiliation rules to determine eligibility, all borrowers must assess their economic need for a PPP loan under the standard established by the CARES Act and the PPP regulations at the time …
Big banks blaming Lendio and others for gaming the system, asking the SBA to hold them accountable
by jochexum So, this is all second hand obviously so take it with a grain of salt or ignore it outright if you wish. But i have heard from multiple sources at big banks that they’re blaming lenders like Lendio …
For those of you applying for PPP 2nd tranche. .Money is likely already gone to those on waitlist…
CNBC: New $310 billion in aid for small businesses is likely already used up, banks say. https://www.cnbc.com/2020/04/23/new-310-billion-in-aid-for-small-businesses-is-likely-already-used-up-banks-say.html The more than $300 billion set aside to replenish the emergency loan program for small businesses impacted by the coronavirus pandemic is likely already …
If you are an actual small business, you need to apply for PPP regardless of being okay now.
by Sparkyeanon Please listen. I have been reading that some small business owners have not applied for the PPP Loan. They feel guilty about applying because they have savings, or that their business hasn’t been affected yet, or they think …
Oil could soon fall to -$100 per barrel: Energy analyst
If you thought the collapse in oil prices this week was bad, next month could be “fundamentally worse,” with prices falling to -$100 a barrel, says one energy strategist. “Oil is difficult to handle and if you can’t put it …
US lost all job gains made since “Great Recession,” some of these claims have to be people who will get their job back when the storm passes, but their employer doesn’t want to pay them. On the other hand, claims probably understate the problem.
by QuaintSofaChallenge So how do we feel about these numbers? Some of these jobs are gone for good. Demand depressed even on the “re-opening,” leaving most out of work. My impression is that most blue states stay closed for another …
Credit Card Processing — indicator for Consumers Spending
by stream5482 Credit Card processing is very important as it’s a key indicator for consumers spending. Scroll down for Puts/Calls. Parties Involved to make it work ? 1.) Consumer — end user. Credit Card holder. 2.) Merchant — Business establishment …
Difference in this recession vs 2008: Rich people aren’t really impacted
by ldrum13 I’m starting to think the reason stocks aren’t going down is that the people who own stocks (or who have money with institutions that invest on their behalf) have not really seen a change in their life. Same …
Just another completely normal day…
by -Tyrion-Lannister-
Ben Felix – The Stock Market vs The Economy
Tldr: Economic data is backwards looking, stock prices are forward looking, and economic growth doesn’t directly translate to stock gains because of the rapid increase in the number of companies representing that growth. Here is a good video for some of …
The scientific data shows that the lockdown policy is insane
This is the best summation I’ve heard as to why we’re doing it all wrong! AC
Avoiding FOMO and FUD
by GreenBax1985 Never try to catch a falling knife. Stop trying to find the bottom of a falling stock, you exacerbate FOMO this way. Not only will you make mistakes financially, you can also bring about health issues that no …
Steen’s Chronicle: Welcome Back to the 1970s… Buckle Up: The “Stuckflation” Roller Coaster Straight Ahead!
Steen’s Chronicle: Welcome Back to the 1970s Inflation is still lacking despite the desperate policy attempt to “achieve 2%”. But the bottlenecks and real capital destruction this crisis has created, together with infinite spending and grants to make everyone whole …
Wall St and the Fed Will Soon Discover They’re not Invincible.
by SpontaneousDisorder Many talking heads think the worst is over, at least for financial markets, the virus is peaking we’re told (and will presumably just disappear), governments and central banks are apparently flooding the world with “money”. The tone has become …
The Eurozone Services #PMI dropped to an unprecedented 11.7. Germany’s consumer confidence collapsed way beyond anything seen during the GFC.
This happened JUST TODAY:#Germany's consumer confidence collapsed way beyond anything seen during the GFC. The Eurozone Services #PMI dropped to an unprecedented 11.7. US initial jobless claims rose another 4.43 million, totaling more than 26 million in 5 weeks. pic.twitter.com/0qjVbkyhAD …
The Earnings’ Season So Far Is Disastrous. Real Estate Crash Is The Next Shoe To Drop
The Earnings' Season So Far Is Disastrous. Guidance erased, negative growth, dividends at risk and buybacks under threat. Markets seem to be betting entirely on monetary policy. pic.twitter.com/J59pXiDHzM — Daniel Lacalle (@dlacalle_IA) April 23, 2020 Real Estate Crash …