English Lord Sumption tells the BBC the UK Govt. is timid and should end the lockdown.
Lord Sumption on the UK Lockdown BBC News 17 May 2020
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Lord Sumption on the UK Lockdown BBC News 17 May 2020
House Democrats Say Trump-Russia Obstruction Investigation ‘Ongoing’ – Could Result in New Articles of Impeachment! The House told the Supreme Court they need the unredacted secret grand jury materials in Mueller’s report to decide on new articles of impeachment. They have been fiercely fighting to obtain the material currently redacted in Mueller’s report for nearly … Read more
Trump fired the inspector general of the State Department, Steve Linick. In accordance with the 2008 Inspector General Reform Act, which protects inspectors general from being fired without cause, Trump informed Congress in writing about the intent to fire Linick, expressing that he no longer had the “fullest confidence” in Linick, who was appointed to … Read more
https://twitter.com/LordPolemos/status/1262491065493291010
"Live Nation just furloughed 20% of their employees." They should furlough everyone and then the stock can go to $100. $LYV pic.twitter.com/tPV18aR4uD — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) May 18, 2020
via CCN: The Fed bought a record amount of mortgage-backed securities last week. Its MBS buying spree in March triggered $5 billion in margin calls on routine hedges lenders place against rising interest rates– an existential threat to lenders. Apparently, crashing home prices are an even bigger threat in the Fed’s view. The scale … Read more
by validscramble Good afternoon fellow reeetail investors! I’ve been noticing some comments mentioning really stupid SPY option buys, so I thought I’d share a table I threw together. Assuming you’re planning on holding your options to expiration, like I know you diamond-handed dummies are, just look up the value you think SPY will get to, … Read more
h/t kaeperkick
Worst global, economic crisis in 90 years. https://t.co/GdcCDJZU3U — Carl Quintanilla (@carlquintanilla) May 18, 2020 https://t.co/XMhjk6yL8J — Alastair (@StockBoardAsset) May 18, 2020 "The proponents of 'Modern Monetary Theory' are wrong in suggesting that a government that issues debt in its own currency can increase the debt with impunity. There is a point which the market … Read more
There’s no limit to the Feds bailouts…except for Main st. 🤬👇 I explain in 1, simple, fast step!! 🔥 pic.twitter.com/EDD47VxyO4 — George Gammon (@GeorgeGammon) May 18, 2020
On the same day the Atlanta Fed estimates Q2 real GDP at -42.8%. Meanwhile, 100,000+ small businesses have closed forever. Totally normal. https://t.co/cCm7EkMRgH — Nomi Prins (@nomiprins) May 18, 2020 https://twitter.com/vixsquared/status/1262454006326210561 "It's different this time""It's different this time""It's different this time""It's different this time""It's different this time""It's different this time""It's different this time""It's different this … Read more
Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Powell boosts gold in Fed speech, why gold is the best bet to make now, and gold remains undervalued as an asset. Fed Chair Powell gives a nudge … Read more
ATLANTA — Starting Monday, all Uber riders, drivers and delivery people will be required to wear a face mask. The company announced Sunday that they are also rolling out a new user experience on the app to help keep drivers and riders safe. “It’s important to us that you know what to expect when you take … Read more
Missouri Dem Touts Endorsement From Dark Money Group After Denouncing Dark Money. Missouri Democrat Nicole Galloway touted an endorsement from a liberal dark money group just days after claiming that she “hate[s] dark money with a passion.” The state auditor has repeatedly denounced dark money during her bid to unseat Missouri governor Mike Parson (R.). … Read more
By Tom Kool Oil prices have rallied significantly, rising $10 in two weeks as markets are increasingly convinced that global demand for crude is picking up once again. Deep output cuts and the reopening of some of the largest economies in the world have brightened the outlook for oil, but many analysts are now beginning … Read more
via pjmedia California Governor Gavin Newsom weighed in on the question of bailing out states whose budgets have been blown up by the coronavirus pandemic. Newsom told CNN’s “State of the Union” that a state bailout was not “charity” and that Congress has a “moral and ethical obligation” to help Americans across the country. The House … Read more
“You are all in violation of the Executive Order. On that note… have a good day and everybody be safe.” Bellmawr FOR Everybody #SmallBusinessIsEssential pic.twitter.com/PNoMAWgVdo — Atilis Gym Bellmawr (@TheAtilisGym) May 18, 2020 Looks like local cops refuse to enforce Governor decree https://t.co/AFyAkrXa2d — Tim Pool (@Timcast) May 18, 2020 IN THE FACE OF WIDESPREAD … Read more
When the economy takes a nosedive, your wallet may be the first to suffer. A recession means a steep economic downturn, complete with negative economic activity that affects almost everyone. Instead of being another blindsided consumer, there are ways to prepare for an economic recession and stay ahead of the curve. Build Your Emergency Fund … Read more
https://www.youtube.com/watch?v=41A6U76PWLY Experts have been alerting that a stock market crash is forthcoming. This time around, the damage will be so extreme that it will take decades ahead to recover from it. That’s what the chief macro strategist at Contrarian Macro Advisors, David Hunter, recently warned, affirming that a second wave of stock market selling is … Read more