The Economist: Financial markets have got out of whack with the economy. Something has to give.

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Re the dangers of the massive decoupling of #WallStreet from #MainStreet : From the editorial in @TheEconomist on "The market v the real economy: Financial #markets have got out of whack with the #economy. Something has to give."https://t.co/5Kt6Wyd5nj#investors #investing pic.twitter.com/jDzZSOjNs0 — Mohamed A. El-Erian (@elerianm) May 10, 2020 Bloody hell. đŸ„¶đŸ„¶#depression2020 https://t.co/gG2ScYm582 — Tuomas Malinen … Read more

The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown

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The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown https://t.co/vEkSuIwhKI — The Wall Street Journal (@WSJ) May 10, 2020 As researchers begin to test homeless individuals in the United States for the virus that causes COVID-19, they’re discovering that the situation … Read more

How Badly Is Gavin Newsom’s Perma-shutdown Going? Willie Brown Is Savaging Him In The Chronicle:

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This can’t go on. California has to figure a way out. “When people were asked to shelter in place, they did so in amazing numbers and with no plan. But nobody envisioned the shelter-in-place would last this long.” UPDATE: When Willie Brown and Mary Katharine Ham are on the same side: ANOTHER UPDATE: From the comments: “Brown was … Read more

The Major Problem With Shutting Down Oil Wells

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By Irina Slav Oil well shut-ins are the new black. Everyone, especially in the U.S. shale patch, seems to be shutting in wells in response to what is shaping up to be the Great Glut of 2020. Now, many are asking how all these wells will be restarted once prices improve. The answer? Nobody knows. Shutting … Read more

Bear meeting (Meme)

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Bear meeting (sound on) byu/LukeTheFirst inwallstreetbets When it said “look at yourselves” and it showed -97%, -98%, -99% and -100%, I f*cking died   h/t 100Kto0

Joe Biden Stands Up for China: Economic “Growth of China OVERWHELMINGLY in Our Interests”

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#BeijingBiden doesn’t have what it takes to lead this country through a crisis or stand up to China. 1. He has too many conflicts of interest (like Hunter’s 1.5 billion dollar Chinese payout) 2. It's sad to watch, but Joe's clearly in decline. Xi would would walk all over him! pic.twitter.com/3RU3qLXB4C — Donald Trump Jr. … Read more

Jim Sinclair – Debt Jubilees Everywhere. Simple Math says $50,000 to $87,500 Gold Price

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Is a biblical debt jubilee coming to America? Sinclair says, “We already have jubilees. If you don’t pay your rent, you have a jubilee. If you don’t pay your student loan, you have a jubilee. If the payment of your auto insurance is postponed, you have a jubilee. We’ve got jubilee after jubilee after jubilee. … Read more

Wells Fargo slow recovery

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by WorkPiece What am I missing? JPM up 18% off lows BAC up 30% off lows C up 40% off lows GS up 37% off lows MS up 44% off lows USB up 20% off lows TFC up 40% off lows PNC up 30% off lows COF up 54% off lows BK up 31% off … Read more

THE DEATH OF EQUITIES REDUX: The Booming Market for Gloom.

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via commentarymagazine NBC News speculated that the shift millions of Americans have made to working, learning, and interacting with friends and family online will be difficult to roll back. “The major question will be whether ‘normal life’ ever returns,” this report concluded. And what about those of you who enjoyed socializing in the Before Time? Presumably, you … Read more

Company layoffs accelerate as recovery appears elusive… 9,000 Catholic churches received PPP loans meant for small businesses

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Company Layoffs Accelerate as Recovery Appears Elusive General Electric, Airbnb, Uber among employers planning job cuts Corporate America unveiled another wave of job cuts and warned of additional reductions, as executives signal they are resigned to a lengthy coronavirus-induced economic downturn. This past week, General Electric Co., Uber Technologies Inc. and Airbnb Inc. said they would lay off thousands of workers. MGM … Read more

Celente: Market Spike A Fraud. ‘Greatest Depression’ Has Begun

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Trends Research, Released on 5/8/20 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more

Mannarino: EXPECT The Fed Balance Sheet To Quadruple! Stocks To SKYROCKET

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TradersChoice.net, Released on 5/8/20 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more

Is The Tesla Bubble About To Burst?

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By Nawar Alsaadi I started trading stocks in the late 90s, it was an exciting time; the internet was coming of age, and investors, or rather day traders, were extremely excited about the riches of this new digital era. I was in my early 20s, and I had very limited investing knowledge at the time, … Read more