How the Coronavirus is Already Repricing the World

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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

Fed, State, County Government workers being Paid…!!! While Private Citizens are SCREWED? < TURNED INTO RUMBLE INSIDE

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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

Illinois Extended Stay at Home – through May, maybe June!

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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

Most Americans Are Not Going To Be Able To Handle What Lies Ahead

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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

Firefighters beg “Stop microwaving face masks!”

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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

Massive layoffs and pay cuts for Gov workers

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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

New Treasury/SBA Guidance: If you don’t need the PPP money, return it!

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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

For those of you applying for PPP 2nd tranche. .Money is likely already gone to those on waitlist…

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CNBC: New $310 billion in aid for small businesses is likely already used up, banks say. https://www.cnbc.com/2020/04/23/new-310-billion-in-aid-for-small-businesses-is-likely-already-used-up-banks-say.html The more than $300 billion set aside to replenish the emergency loan program for small businesses impacted by the coronavirus pandemic is likely already all spoken for, banking industry groups said. Banks say the volume of applications already sent … Read more

US lost all job gains made since “Great Recession,” some of these claims have to be people who will get their job back when the storm passes, but their employer doesn’t want to pay them. On the other hand, claims probably understate the problem.

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by QuaintSofaChallenge So how do we feel about these numbers? Some of these jobs are gone for good. Demand depressed even on the “re-opening,” leaving most out of work. My impression is that most blue states stay closed for another month, which would keep this rate/unemployment claims up. Ultimately, there are probably two rates. A … Read more

Ben Felix – The Stock Market vs The Economy

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Tldr: Economic data is backwards looking, stock prices are forward looking, and economic growth doesn’t directly translate to stock gains because of the rapid increase in the number of companies representing that growth. Here is a good video for some of the newer investors to understand why negative news, such as unemployment #s can move stocks … Read more