Business owner ARRESTED for staying open
“Winslow police released body camera footage of them citing a man for keeping a non-essential business open during the pandemic.” AC
Laugh of the day! Xi Jinping Demands Leadership of ‘Global War’ Against China’s Coronavirus
Speaking at a “virtual summit” of G20 leaders on Tuesday, Chinese dictator Xi Jinping gave a speech stressing the “shared future” of humanity and demanding leadership in the “global war” against the Wuhan coronavirus. Needless to say, Xi’s speech did …
Past 24 Hours in US-Iranian Relations:
* #Iran launches its first ever military satellite: #Noor. * @realDonaldTrump orders the targeting of all IRGC vessels that harass regional US Navy assets. * Regime threatens stronger attacks than on Ayn al Assad if ships are targeted. Past 24 …
Top options trading mistakes that you should not make
by tinkerprophet IMO, trading options have similarities to playing poker and in order to be successful in the long run you need to be disciplined and refrain from making common mistakes. I’m going to list common mistakes and some tips …
Chase Bank took a $100,000 fee on Ruth’s Chris Steak House zero risk PPP loan
“on April 7, RCSH Operations LLC, the parent company of Ruth’s Chris Steak House, received a loan of $10 million. JPMorgan Chase & Co., acting as the lender, took a $100,000 fee on the one-time transaction for which it assumed no …
JPMorgan’s Small Business Loans Instead Went to Its Biggest Customers — Only 6% of smaller customers got paycheck-protection loans | Most of Chase’s larger Commercial clients got Small-biz loans
Only 6% of smaller customers got paycheck-protection loans Most of Chase’s larger commercial clients got small-biz loans JPMorgan Chase & Co. provided loans to virtually all of its commercial banking customers that sought financing through the small business relief program, …
Barstool founder accidentally buys 580 shares of Amazon instead of selling
https://twitter.com/stoolpresidente/status/1253054627647557635?s=21
A Nebraskan farmer asked members of a pro-fracking oil and gas committee if they would drink water that was tainted by fracking wastewater.
A Nebraskan farmer asked members of a pro-fracking oil and gas committee if they would drink water that was tainted by fracking wastewater. pic.twitter.com/E28mvNiKPM — Ninja Economics (@NinjaEconomics) April 22, 2020 A Nebraskan farmer asked members of a pro-fracking oil …
What’s Collapsing Can’t Be Saved: Our Fraudulent Economy
BY CHARLES HUGH SMITH Pulling the sleeve down to hide the tracks doesn’t mean the addict is cured. Just for a change of pace, can we be bluntly honest about the U.S. economy? It’s difficult to do because we’ve chosen to …
Coronavirus Job Losses & Pay Cuts Are Hitting These Households the Hardest; 11% of Global CEOs Fear Their Business Won’t Survive Coronavirus
11% of Global CEOs Fear Their Business Won’t Survive Coronavirus Over half of CEOs around the world say the coronavirus is a significant threat to their business; 11% say it could bring their demise, according to a survey from …
Do we know where we are going in terms of inflation and house prices?
by Shaun Richards The credit crunch has posed lots of questions for economic statistics but the Covid-19 epidemic is proving an even harsher episode. Let me illustrate with an example from my home country the UK this morning. The all …
AMAZON sued over ‘price gouging’; Cost of essentials soared 1,000%
AMAZON is facing a lawsuit in California over its alleged price gouging of health products during the coronavirus. In documents filed in the US District Court for the Northern District of California, Amazon.com Inc is accused of “unlawful price increases during …
Martin Armstrong – President Has Power to Reopen Country
Legendary financial and geopolitical cycle analyst Martin Armstrong says the President has the power to reopen the entire country. Armstrong explains, “He doesn’t want to use it, but he actually has the power to open up the entire country. I …
84% of global PMIs are in contraction;JPM is literally sitting on a death bench; Counter party to everyone and everything
https://twitter.com/hks55/status/1253035801090367495 https://twitter.com/hks55/status/1253030587323072516 https://twitter.com/hks55/status/1253047332616253440 Dow Jones: This is your captain speaking… Landing gear has failed and we are running on fumes ..Assume crash position pic.twitter.com/E7s53q7FoW — The Great Martis (@great_martis) April 22, 2020 As it stands, 84% of global PMIs are …
Argentina is defaulting today on the bonds it issued to get out of the 2016 default. You cannot make this up.
Argentina 🇦🇷 is defaulting today on the bonds it issued to get out of the 2016 default. You cannot make this up. pic.twitter.com/keMnDewWRu — Daniel Lacalle (@dlacalle_IA) April 22, 2020
Bill Fleckenstein On How To Profit From Central Bank Mistakes
by jessefelder It’s been three years since I made the trek up to Seattle to interview celebrated short seller Bill Fleckenstein on the topics of, “Central Bankers, Financial Bubbles and White Burgundy.” With a global pandemic now threatening to burst …
CASHED OUT: 84% Of Americans Already Want Another Stimulus Check… 30% Month Away From Running Out Of Money
via studyfinds Millions of people started receiving their emergency stimulus checks last week, but apparently it’s just a start. According to a new survey, 84% of Americans would already like to receive a second round of governmental help as the coronavirus …
Media Meltdown: Axios Wants Taxpayer Bailout… Fox Execs Take Paycuts… CNN Not Returning To Offices Until At Least September
Axios qualifies for small-business loan amid pandemic News site Axios announced Wednesday that it had qualified for a small-business loan as part of the economic stimulus passed amid the coronavirus outbreak. In a blog post, editor Jim VandeHei indicated that the company was …
[Bloomberg terminal] Credit Suisse is telling clients of super-leveraged bullish oil ETF that they are going to lose all their investment (UWTIF)
It wasn't because of lack of warnings!!! Credit Suisse is telling clients of super-leveraged bullish oil ETF that they are going to lose all their investment | #OOTT pic.twitter.com/hqA5CqfcHJ — Javier Blas (@JavierBlas) April 22, 2020
USO is Going to Implode, Along With Your Money
by DaGhostOfMarx This should be obvious to anyone who hasn’t been living under a rock, but given the mass influx of Robinhood and other retail into $USO in recent days, it apparently isn’t. What $USO Is and Isn’t United States Oil is …
Reopening is a 100% Chance of Failure
by chuck_portis Folks, the conservative states in the US are trying to restart the economies quicker than any other country facing a COVID outbreak has done prior. On top of that, they are doing so with less tools and abilities …
The thesis that MMT is only limited by inflation is flawed. It ignores asset bubbles. It ignore system rigged toward Top 40%. If Top 40% get spoils, inflation never rises b/c they save/hoard it.
The thesis that MMT is only limited by inflation is flawed. It ignores asset bubbles. It ignore system rigged toward Top 40%. If Top 40% get spoils, inflation never rises b/c they save/hoard it. Look at monetary velocity. USA needs …
Long-term opinions on Amazon? Skeptical
by kctmo I’ve been watching AMZN shares go loco over the last few days and I’m wondering how sustainable this growth is. The main reason I’m skeptical is that I think we will see a revival of nationalism and protectionist …
US HY Credit Spreads: some might argue the Fed is driving a wedge between the market vs fundamentals…
US HY Credit Spreads: some might argue the Fed is driving a wedge between the market vs fundamentals… https://t.co/Lwh0R9RgTW pic.twitter.com/YR2U9BHBrP — Topdown Charts (@topdowncharts) April 21, 2020 Summary • The Fed’s backstop helped bring down credit spreads – both investment …
Coronavirus has mutated into at least 30 different strains new study finds
The study was carried out by Professor Li Lanjuan and colleagues from Zhejiang University in Hangzhou, China and published in a non-peer reviewed paper released on website medRxiv.org on Sunday. A new study in China has found that the novel coronavirus has …
Interactive Brokers (IBKR) Provides Statement on Crude Oil Contracts and Margin Loss; Recognizes Provisionary Loss of ~$88M
https://www.streetinsider.com/Corporate+News/Interactive+Brokers+%28IBKR%29+Provides+Statement+on+Crude+Oil+Contracts+and+Margin+Loss/16767830.html Several Interactive Brokers LLC (“IBLLC”) customers held long positions in these CME and ICE Europe contracts, and as a result they incurred losses in excess of the equity in their accounts. IBLLC has fulfilled the firm’s required variation margin …
The Fed may have to buy used cars as well.
The Fed may have to buy used cars as well. Worst decline in value since the global financial crisis & tech bust. The ripple effect on consumer’s buying power at large will be significant. Not looking good for car sales …
Too many people focused on negative oil prices while missing the rally on producers.
Setting up nicely. Cup & handle and a 16% gap to be filled. Too many people focused on negative oil prices while missing the rally on producers. pic.twitter.com/ywdMTgNCpV — Otavio (Tavi) Costa (@TaviCosta) April 22, 2020 Resilient. Oil & gas …
Is it Marshal Law?
by sundance Comrades, after the Meridian cornavirus enforcement police received several calls from compliant citizens, a dangerous group of subversive moms were identified engaging in non-approved playground activity against the interests of the state. Local authorities activated an emergency response task …