From Birch Gold Group When the vice chairman of one of the world’s largest investment firms and one of the most well-known names on Wall Street both “throw up their hands” in a time of economic crisis, it’s a good idea to pay close attention. We’re referring to Charlie Munger and Warren Buffett of Berkshire Hathaway, both of whom seem baffled by … Read more
by dukey It’s amazing how people welcome government tyranny with open arms, total suspension of rights, snooping on your neighbors. Meanwhile the economy is crashing into maybe the worst economic depression we have ever seen.
by Annapurna__ Earnings spotlight: Keurig Dr Pepper (NYSE:KDP) and F5 Networks (NASDAQ:FFIV) on April 27 UPS (NYSE:UPS), 3M (NYSE:MMM), Alphabet, Southwest Airlines (NYSE:LUV), Ford (NYSE:F), Caterpillar (NYSE:CAT), AMD (NASDAQ:AMD), PepsiCo (NASDAQ:PEP), Starbucks (NASDAQ:SBUX) and Merck (NYSE:MRK) on April 28 Microsoft (MSFT), eBay (NASDAQ:EBAY), Facebook, Yum Brands (NYSE:YUM), Boeing (NYSE:BA), Mastercard (NYSE:MA), General Electric (NYSE:GE) and … Read more
Bond investors are starting to debate whether the U.S. is heading into a deflationary spiral, even after trillions of dollars of stimulus to offset the pandemic-driven hit to growth. This year’s collapse in oil prices and the drumbeat of staggeringly weak economic data are putting the question front and center as the Federal Reserve meets … Read more
The truth is coming out and Gen. Flynn will be vindicated. _____ EXCLUSIVE: Source Says FBI Director Christopher Wray Pushed To Withhold Exculpatory Evidence In Mike Flynn Case By CHRISTIAN DATOC | April 24, 2020 (Daily Caller) – Federal Bureau of Investigation Director Christopher Wray fought to prevent exculpatory evidence from surfacing in the case of … Read more
by nats7798 The Securities and Exchange Commission (SEC) has set rules to ensure that employees are not at a disadvantage during a blackout period. The SEC prohibits any director or executive officer of an issuer of any equity security from purchasing, selling or otherwise acquiring or transferring securities during a pension plan blackout period.2 In addition, the SEC has established rules … Read more
by nudedirection The coronavirus pandemic has dampened the spring homebuying season by nearly every measure—but buyers still might not find the discounts they’re looking for. Of the nearly 3,000 agents surveyed by the National Association of Realtors (NAR) between April 19 and 20, 64% said buyers expect a decline in home prices, with the largest share … Read more
The U.S. economy will start to recover in the third quarter after a period of reopening in May and June, Treasury Secretary Steven Mnuchin said Sunday. “As we begin to reopen the economy in May and June, you’re going to see the economy really bounce back in July, August and September,” Mnuchin said in an … Read more
via nationalreview Mitch McConnell believes he has hit upon a solution for states that are upside-down on their pension obligations and other financial commitments: “I would certainly be in favor of allowing states to use the bankruptcy route,” he told Hugh Hewitt on Wednesday. “It’s saved some cities, and there’s no good reason for it not to be available.” … Read more
by Mark Thornton via Mises On February 10 the stock markets were at all-time highs, with the Dow 30 at almost 30,000. The unemployment rate was at an all-time low and interest rates around most of the world were at all-time lows. With interest rates near zero for an entire decade, the value of stocks, bonds, real … Read more
“The driving source in society is not love, its fear” This film is about the rise of mechanistic philosophy and the exploitation of human beings under modern hierarchical systems.” The film includes original interviews with: Noam Chomsky, Howard Zinn, Rebecca Lemov (World as Laboratory), Christopher Simpson (The Science of Coercion), George Ritzer (The McDonaldization of … Read more
Don’t feel too bad losing 98% on USO, Bank of China is a lurker too. Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures has surged 11-fold to more than 7 billion yuan ($1 billion) as it consolidated reports from its … Read more
The S&P 500 is just 16% off its all-time high and up 29% off its low a month ago despite a pandemic that’s cost 26 million jobs. But stocks don’t appear to be handicapping a quick resurgence in the economy when looking at the weak performance of “early cycle” groups such as autos, banks, consumer … Read more
by northmantrader New bull market? No. Unproven. New lows to come or a retest? No. Unproven. Markets are engaged in a key battle between the worst evolving fundamental picture in our lifetimes on the one hand, and the largest set of liquidity injections in history. A looming $3.7 trillion deficit, a Fed balance sheets on a … Read more
Researchers tracking smartphone data say they recently made a disturbing discovery: For the first time since states began implementing stay-at-home orders in mid-March to limit the spread of the novel coronavirus, Americans are staying home less. The nationwide shift during the week of April 13 was relatively slight. However, any loss of momentum, particularly when … Read more
Financial writer and professional trader Rick Ackerman says he likes gold because even in deflation, debt default and destruction, “Gold will hold its value. . . . Gold is catching on now because of uncertainty and not inflation—yet.” In closing, Ackerman says, “I still believe we are going to have a deflationary abyss to cross … Read more
I can’t believe they nominated a man who’s caught on camera groping little kids. AC
Independent CBO predicts devastation from coronavirus is going to see GDP fall almost 40 per cent in April, May and June It predicts 27 million will lose their jobs – although 24 million already have And it says deficit being built up by vast government spending to bailout businesses will explode A recession caused by … Read more
Millions of gallons of beer stuck in stadiums, concert halls, restaurants and bars are fast going stale, leaving the beer industry with a tricky problem: What to do with all that booze nobody will ever drink? The coronavirus pandemic forced U.S. bars to close ahead of two of the country’s biggest drinking occasions: St Patrick’s … Read more