No Reserve Requirements Per The Fed!

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by LouisDesyjr As unbelievable as it seems, and almost sounds like an Onion story, the Federal Reserve has ‘reduced’ reserve requirements to zero as of March 26, 2020. So, why care? Because if we can ‘take over’ any depository institution, we can lend unlimited amounts of money, the sell the loans off in the secondary … Read more

Amazon reportedly faces EU antitrust charges over use of third-party seller data

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Amazon to Face Antitrust Charges From EU Over Treatment of Third-Party Sellers (WSJ): The European Union is planning formal antitrust charges against Amazon. AMZN -3.38% com Inc. over its treatment of third-party sellers, according to people familiar with the matter, expanding the bloc’s efforts to rein in the alleged abuses of power by a handful of … Read more

UK GDP falls 20.4% in April

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https://www.bbc.co.uk/news/business-53019360 The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas of activity. The contraction is three times greater than the decline seen during the whole … Read more

Texas hospitalizations are up 27% in the last three weeks. That is not because of more tests but because more people are sick.

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Texas hospitalizations are up 27% in the last three weeks. That is not because of more tests but because more people are sick. pic.twitter.com/riZ04weNi0 — Patrick W. Watson (@PatrickW) June 12, 2020 ⚠️AIRBORNE is the “dominant” route for the coronavirus transmission! New PNAS paper by a Nobel laureate’s group concludes this based on study of … Read more

FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES

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FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES — *Walter Bloomberg (@DeItaone) June 12, 2020 The Fed said more businesses could fail if economic activity remained weak due to coronavirus-related disruptions, leading more temporary layoffs to become permanent https://t.co/myPIRo9vRN — Real Time Economics (@WSJecon) June 12, 2020 US BANKRUPTCIES pic.twitter.com/WpS80mBzWu — Win Smart, … Read more

China Continued Buying Venezuelan Oil Despite U.S. Sanctions

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By Tsvetana Paraskova Oil shipments from Venezuela to China continued even after the United States tightened the screws on Venezuelan oil exports last August, threatening sanctions on all companies doing business with Nicolas Maduro’s government, Reuters says in a special report, quoting ship-tracking data, PDVSA documents, and oil analysts. According to Reuters’ findings, even after the … Read more

Do you remember?

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by  CatherineAcevedo When the US senate was deliberating on coronavirus in the early days of the pandemic many of them sold shares which later tanked. I haven’t heard any news of this recently. Rep. susan davis sold shares in airlines and cruise ships the day the US reported it’s 10th case, a full 2 weeks … Read more

Racism is now a public health emergency in Boston

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Today I am declaring racism a public health crisis in the @CityofBoston. The health impacts of historic and systemic racism are clear in our #COVID19 case numbers, and the impacts go far beyond the current crisis. pic.twitter.com/KO18NKMnjC — Mayor Marty Walsh (@marty_walsh) June 12, 2020

Five days apart, spot the difference

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https://ibb.co/2vhGNsw Five days apart. Spot the difference. pic.twitter.com/TbOHRsInPD — Daily Caller (@DailyCaller) June 11, 2020 I’ve been saying this pivot was on the horizon. Protests like this typically have a lifespan of about 2 weeks, historically… so they knew they would need something for the next news cycle. They sent people out in the millions … Read more