Who is still interested in buying Chinese stocks? Think of having a $40+ trillion banking system as GDP collapses. A massive asset liability mismatch.

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Who is still interested in buying Chinese stocks? A death cross near resistance in $MCHI is the least of their problems. Think of having a $40+ trillion banking system as GDP collapses. A massive asset liability mismatch. pic.twitter.com/3iZDQGRQh5 — Otavio (Tavi) Costa (@TaviCosta) April 30, 2020  

Zoom admits it doesn’t have 300 million users, corrects misleading claims

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Zoom has admitted it doesn’t have 300 million daily active users. The admission came after The Verge noticed the company had quietly edited a blog post making the claim earlier this month. Zoom originally stated it had “more than 300 million daily users” and that “more than 300 million people around the world are using Zoom during this challenging … Read more

The World Will Never Be The Same

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by Egon von Greyerz In this interview Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of the Coronavirus and the coming economic depression will change the world forever. We are now going towards a hyperinflationary depression that will eventually lead to a deflationary depression. The next couple of years will not be a … Read more

Why The Unemployment Surge Is Just Getting Started!

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The recent unemployment surge stemming from the shutdown of large parts of the U.S. economy is starting to push some state jobless funds toward insolvency. More than 26 million Americans have filed during this unemployment surge for insurance benefits since mid-March. State offices are overwhelmed by the unemployment surge in claims from newly-laid off workers … Read more

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

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Fed shed MBS. Loans to “SPVs” flat for fifth week. Repos in disuse. Fed still hasn’t bought junk bonds, stocks, or ETFs. But it sure sent Wall Street dreaming. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet rose by only $83 billion during the week ending April 29, to $6.656 trillion. That $83 billion was … Read more

US confirmed vs deaths chart

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by Dave Here’s a chart on confirmed vs deaths – with “confirmed” lagged by 7 days, just to see how they line up.  So deaths are used to set the bottom axis dates, but the confirmed timeseries dates are pushed “to the right” by 7 days. Just thought it was interesting.  On average, a “confirmed … Read more

GILD: Insider Trades – You’d think if there was monster confidence inside the company about Remdesivir, there might be insider buying. Not so much.

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by Dave http://openinsider.com/screener?s=GILD&o=&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=&sich=&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1 D 2020-04-29 19:28:06 2020-04-27 GILD Cogan John Francis Dir S – Sale+OE $79.90 -2,413 54,860 -4% -$192,799 D 2020-04-21 19:42:02 2020-04-20 GILD Cogan John Francis Dir S – Sale+OE $83.00 -2,413 54,860 -4% -$200,279 D 2020-04-14 15:52:22 2020-04-13 GILD Cogan John Francis Dir S – Sale+OE $75.90 -2,413 54,860 -4% -$183,147 D … Read more

Four Simple Ways to Get into Cryptocurrency

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By: Brandon Mintz, CEO, Bitcoin Depot As the market for Bitcoin and cryptocurrencies expands and matures, the barriers to entry also continue to fall. It is easier than ever for the public to buy and sell cryptocurrencies, use them to pay for things, and to hold as short or long-term investments. Cryptocurrencies are attractive due … Read more

Danielle Park: The End of Globalization?

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Talk Digital Network, Released on 4/30/20 Will this recession be worse than 2008? Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily … Read more

WTF! Teens temporarily no longer required to take road test to get driver’s license in Georgia

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ATLANTA — The governor’s office has dropped the road test requirement for teens applying for driver’s licenses, which has some parents concerned. The official road test is normally a rite of passage for teens to get a driver’s license. For obvious reasons, the tests were put on hold during the pandemic. Channel 2′s Tom Regan was in Alpharetta, … Read more

Comcast Turns Their Voice-Activated Remote Into A Real-Time Tracking Device

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by mapi credit: slashgear Leave it to cable TV companies to turn voice-activated remotes into smart speaker listening devices. Billed as a lost item finder, cable TV company Comcast will allow customers to use their Xfinity voice-activated remote to find lost stuff, like car keys and handbags. “With your Tiles connected to the Xfinity Home app, you … Read more

Yes..The (((Fed))). Has A “DARK” SECRET That You Are NOT Supposed To Know About. And It’s A Second Balance Sheet On The Side

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Insane times we are living in and the normal guy out there understanding not a little fraction of this… I mean where is this going? Is this the end game and the end play? What’s after that when they own everything? I hope something will happen in peoples minds and they will stand up… otherwise … Read more