Apple pulls in pricing, joins record corporate debt borrowing spree

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https://www.marketwatch.com/story/apple-pulls-in-pricing-joins-record-corporate-debt-borrowing-spree-2020-05-04 So far this year, a cumulative of $807.1 billion of investment-grade corporate bonds have been issued, making it the fastest start to the year ever, according to B. of A. Global Research. Apple, which had a massive $190 billion cash hoard as of its first-quarter earnings last week, indicated that the new debt will … Read more

Two Arizona County Sheriffs Vow to ‘Not’ Enforce Governor’s Stay-At-Home Order, Say It Would Be a Violation of Their Oath

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https://twitter.com/DavidWaddell5/status/1257134983506022404 Those who do not learn from history…. This is not a weakened population recovering from a war (Russians, Chinese), this is not a dumbed down population being sold easy lies (Cuba). The City on the Hill is coming back for round 2.   h/t Venus230

Family Dollar security guard shot and killed after asking a shopper to wear a mask

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FLINT, Mich. (FOX 2) – The Genessee County Prosecutor’s office said Monday afternoon that a Flint Family Dollar security guard who was killed on Friday was shot following a dispute with a customer who would not put on a mask in the store. The 43-year-old security guard was shot Friday afternoon at the Family Dollar on Fifth Ave in … Read more

Trump calls for Florida cold case file about Joe Scarborough’s female intern who was found dead to be looked into.

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“Concast” should open up a long overdue Florida Cold Case against Psycho Joe Scarborough. I know him and Crazy Mika well, used them beautifully in the last Election, dumped them nicely, and will state on the record that he is “nuts”. Besides, bad ratings! #OPENJOECOLDCASE — Donald J. Trump (@realDonaldTrump) May 4, 2020 This is … Read more

Oil Majors Take On More Debt To Fund Dividends

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By Nick Cunningham Exxon posted its first quarterly loss in more than 30 years. But even as debt mounts and questions arise about peak oil demand, the oil supermajor nevertheless vowed to protect its dividend while also aiming to grow indefinitely into the future.  Exxon lost $610 million in the first quarter, down from a profit … Read more

USA to borrow record $3 trillion this quarter… California First State to Take Loan for Unemployment Payments

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US Treasury seeks to borrow a record $3 trillion this quarter The Treasury Deparment announced Monday it is borrowing about $3 trillion this quarter. The money is being used in large part to subsidize economic rescue efforts in the wake of the coronavirus pandemic. Total U.S. government debt now is near $25 trillion, with the … Read more

U.S. Economic Data Now Worse Than During GFC.

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I can’t even begin to imagine all this. pic.twitter.com/X9a6XJCGqs — Gratke Wealth, LLC (@GratkeWealth) May 4, 2020 INVESTORS HAVE NO FEAR OF BANKRUPTCY ANYMORE DUE TO THE FED THIS WAS REPORTED ALL LAST WEEK AND THIS POS STOCK IS STILL ABOVE $3 INCREDIBLE 🤔@DiMartinoBooth @GaryKaltbaum @OpenOutcrier https://t.co/OrcQE3dgl4 — Reminiscences of an American Capitalist (@4Awesometweet) May … Read more

The Federal Reserve: More Lethal than Coronavirus

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by Ron Paul Last week the Federal Reserve announced it will keep interest rates at or near zero until the economy recovers from the government-imposed shutdown. Following this announcement, Federal Reserve Chairman Jerome Powell urged Congress and the Trump administration to put aside any concerns about the deficit and spend whatever it takes to stimulate the … Read more

Lockdown and reopening

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by fairysparkles333 I’m in Indiana and the state opened back up on May 1 but my County in particular which is in the capital is still on lockdown until May 15. Yesterday my boyfriend and I went to a state park hoping to just get some fresh air. We had been to parks before and … Read more

Congress Made Economic Crisis Worse By Incentivizing Unemployment Over Earning A Paycheck

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One Washington small business owner was shocked at the reaction of her laid off employees who were outraged at the news her spas were among the lucky few enterprises to capture a forgivable government loan under the Paycheck Protection Program (PPP). “It was a firestorm of hatred about the situation,” Jamie Black-Lewis told CNBC. The loan secured … Read more

The New York Federal Reserve prepares to begin buying Corporate Bonds in the next few days.

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by Annapurna I guess Jeffrey Gundlach’s bluff is being called out and the Fed will deliver on their March 23 promise. I will definitely be looking closely at the Fed’s weekly statistical releases over the next few weeks to see changes in the balance sheet. https://www.newyorkfed.org/newsevents/news/markets/2020/20200501 https://www.newyorkfed.org/markets/primary-and-secondary-market-faq/corporate-credit-facility-faq