The Perfect Storm Begins May 22, 2020

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According to this astrologer the Deep State is going down and it all starts next Friday May 22nd. She first predicted this back in 2015 and then this last December 2019 she set out the date of May 22nd for what she calls “The Perfect Storm” that starts the take down of the deep state. … Read more

LAPD wants to test every person arrested for coronavirus

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The Los Angeles Police Department wants to give a rapid-result test to everyone its officers arrest to check for the coronavirus and are pushing city officials to secure the equipment to do so. Los Angeles Police Chief Michel Moore told the police department’s civilian oversight body that he has asked City Hall to secure a rapid-result testing … Read more

BIDEN WOWS MSM!

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● It is far too early for Democrats to panic over Biden. —Karen Tumulty, Washington Post, Friday. ● Biden’s Virtual Campaign Is a Disaster. —Andrew Ferguson, the Atlantic, Friday. ● Biden campaign doesn’t consider Latinos ‘part of their path to victory,’ political operatives say. —Kathryn Krawczyk, the Week, Thursday. Unlike Roger Simon, I think it’s way too soon, given the craziness that is 2020, … Read more

$CHK – Navigating a Bankruptcy

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by MTGCollectingAL Not the typical puts/calls DD but thought some here might like a different approach to gambling in the market. You probably can’t do this on robinhood. ​ Rationale: CHK is in a world of trouble and likely to file for bankruptcy this year. They were a pioneer in the natural gas space but … Read more

D-Day Week For Tankers

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by TheCuriousKea This is the week that if we don’t see positive momentum in the tanker sector then you better be long or gone because we are in for a rough ride on a limp dick sideways. Here’s the factors: 1) The Oil Futures Bill is due – okay so those retards in April surely … Read more

A very sad time for a 100 year old industry. (Airlines)

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by Alfredo_av – Virgin laid off more than 3,000 people, including 600 pilots. – Virgin Australia files for bankruptcy. – Air Mauritius entered administration proceedings – _ South African Airways_ is bankrupt. – Finnair returned 12 planes and laid off 2,400 people. – YOU parked 22 planes and laid off 4,100 people. – Ryanair parked … Read more

No matter how cheap the Fed make money, someone has to be willing to buy the artificially inflated asset at even higher prices.

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https://twitter.com/hks55/status/1261904650690838534 Over $550bn of investment-grade bonds will fall to junk status by October https://t.co/QMHHi2qq2l — The Economist (@TheEconomist) May 16, 2020 Hedge funds cut bullish bets on #commodities by 9% in wk to May 12. Most of the selling hit #natgas, #Brent, #corn and #gold while buyers concentrated their efforts in #WTI, #soybeans and #cattle. … Read more

What Could Go Wrong?

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Authored by Chris Hamilton via Econimica blog, In 2019, US population growth fell to +1.55m or +0.5%…this was due to a trifecta of declining births, lower immigration, and higher deaths than anticipated.  However, as with everything “2020”, all three trends are only intensifying to blow away 2019.  Births are falling faster and further, deaths moving … Read more

Massive Explosion at Marijuana Product Wholesaler in Los Angeles, Multiple Buildings Burning

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At Least Ten Injured — 230 Firefighters Responding — Mayday Call Reported A massive explosion at a marijuana product wholesale distributor in downtown Los Angeles has left multiple buildings burning. Over 230 firefighters have responded to the blaze and ten have been injured. The fire department issued a “mayday” call and characterized the incident as … Read more

Markets sent a sign November 2019 when CLO’s started defaulting at 5% and the market reacted in December. The FED answered the market with a rate cut and opened up the repo market and started to buy up CLO’s. The CLO defaults are up to 20%+.

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by shanish82 Check graph on page 53 Sources: https://www.federalreserve.gov/publications/files/financial-stability-report-20200515.pdf Go to pages 50-53. Also https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds  

House Passes $3 Trillion Democratic Stimulus With No Path to Law

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The House passed a $3 trillion Democratic economic stimulus bill Friday that Republicans and President Donald Trump have already rejected and isn’t likely to trigger bipartisan negotiations any time soon. The measure, passed 208-199, would give cash-strapped states and local governments more than $1 trillion while providing most Americans with a new round of $1,200 … Read more