by Michael Snyder More than 26 million Americans have filed new claims for unemployment benefits in recent weeks, and a lot of them will now be bringing home much more money than they did while they were actually working. Needless to say, this is going to create a perverse incentive for people to stay unemployed … Read more
The Federal Reserve banks make more by bail out than actually performing valuable banking services. It is UBI for people with power. That is the problem in America in 2020. Everyone does better with some version of universal income rather than doing anything valuable. US Military commanders are like that too. They get to retire … Read more
Release just in time for the 2020 election. Soon to be a full-time DNC operative and CNN correspondent. Yep, mark my words! Former congresswoman Corrine Brown was released from prison after serving less than half of her five-year sentence – CORONAVIRUS AC
The left are such dishonest losers. That’s all they’ve got is their lies. Everything they do and say is a lie. AC
they pumped 12 trillions in last month for Wall Street, what’s 4 trills, peanuts, print the magain mfs AC
New guidelines released by the Small Business Administration (SBA) Thursday dictate that public companies with sufficient liquidity to support normal business operations throughout the coronavirus pandemic will not be eligible for the Paycheck Protection Program (PPP). Senior SBA officials pointed Daily Caller to a new addition to the program stating that “borrowers still must certify in good … Read more
Armstrong also predicts, “Not many big EU banks will probably survive another 30 to 60 days,”
By Nick Cunningham WTI prices may have steadied somewhat after a wild couple of days, but the physical market for crude is still collapsing. Energy stocks posted sharp gains on Thursday as WTI prices “surged” nearly 30 percent to…$17 per barrel. The nascent rebound in oil prices has eased the immediate crisis, but before Monday, … Read more
Please wake up America! h/t Jake
By Tsvetana Paraskova Consumption of petroleum products in the world’s top oil consumer, the United States, has fallen to its lowest level in decades, as lockdowns restrict travel and the economy slows, the U.S. Energy Information Administration (EIA) said on Thursday. According to EIA’s estimates of petroleum products supplied—its proxy metric for consumption—demand for petroleum products in … Read more
by Some-Unit
by John Mauldin What will be the longer-term fallout of the coronavirus be on the economy, the markets and society? We’re starting to catch glimpses of it already. And the world looks a lot different than the one we knew. As my friend Dave Rosenberg, the chief economist and strategist of Rosenberg Research, wrote in a recent … Read more
So for the Past MONTH.. Federal, State and County workers have been given a PAID vacation. The extent of their stress is dealing psychologically with their guilt. But if youre a private sector worker YOURE SCREWED. NOTHING, NADA.. oh wait..here’s a check for $1200 if you get it. While the above sector gets their regular … Read more
NOTE: Report begins at 1:25. it was Debunked by Laura Ingraham and Two Infectious disease docs last night The same day NY started using chloroquine, look what happened. h/t DS
Illinois’ Stay-at-Home Order Extended Through May, Pritzker Announces The statewide stay-at-home order was previously in effect through April 30 By Mary Ann Ahern • Published 3 hours ago • Updated 18 seconds ago Illinois’ stay-at-home order will now be in effect through May, Gov. J.B. Pritzker announced Thursday. With just one week left until the … Read more
https://www.youtube.com/watch?v=Pa8zOmvMcrg For the past few days, I have been explaining the different impacts the current health situation has had on the economy. I have warned you about the stock market crash and the oncoming derivative crisis. In fact, as oil prices crashed into negative ground in an unprecedented market collapse, I was, unfortunately, proven right. … Read more
Quote:It doesn’t sanitize the masks, but it could set your kitchen on fire. People across the country have been putting face masks in microwaves in attempts to kill germs, leading fire departments to caution against the move. … “The NH State Fire Marshal’s Office (NHFMO) would like to remind everyone that “microwaving their masks to … Read more
State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week. In many places, such as Detroit and Los Angeles, those painful reductions are already taking shape. State and local governments received aid under the $2.2 … Read more
by NeoMatrix5 https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf https://www.cnbc.com/2020/04/23/us-issues-new-guidance-for-small-business-loans-to-make-it-harder-for-public-companies-to-get-funds.html In addition to reviewing applicable affiliation rules to determine eligibility, all borrowers must assess their economic need for a PPP loan under the standard established by the CARES Act and the PPP regulations at the time of the loan application. Although the CARES Act suspends the ordinary requirement that borrowers must … Read more
