Alex Newman – Federal Government Cannot Bail Everybody Out. Pension Crisis is a $5 Trillion Unsustainable Scam

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Journalist Alex Newman the virus has finally brought trillions of dollars in unpayable underwater state pensions in to the light as blue states are asking for a federal bailout. Newman says, “Right now, President Trump is talking about rebuilding our infrastructure. One reason our infrastructure is crumbling is 1/4 to 1/3 of our state and … Read more

Timing Is Everything, Drip, Drip, Then The Flood, Prepare For Information Warfare

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https://www.youtube.com/watch?v=x_97w-59BDc The patriots are now bringing the entire country back online, the [DS]/MSM are trying everything they can to stop this. The patriots are now dripping out declassified information on GP, FISA and Flynn. The [DS]/MSM are now in overdrive to spin and stop as much as they possibly can, what we are witnessing is … Read more

Macy’s Unsecured Bonds Cashed 53% Since Feb 14. Can it Get Through this Crisis and Stay Relevant?

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It has been living off its real estate portfolio of “owned boxes” for years by selling them. By Wolf Richter for WOLF STREET. Macy’s, the largest surviving department store in the US, and still clinging by its fingernails to the last rung of the top 10 ecommerce retailers in the US, down from 7th place in 2019, may never reopen many of … Read more

Alphabet earnings call writeup

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by qwerty622 -very strong growth in cloud, specifically in their google suites offering (analytics tools and shit for cloud). Up 52 percent YOY increase in searches but less commercial searches (ex. increase in “sue bae titties”, decrease in “how much real estate can i buy for 10$”) no surprise there. 30 percent increase in google … Read more

Many New York and New Jersey residents are losing hope, and are out of cash.

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NEW YORK (CBSNewYork) – Unemployment remains a major issue across the country. Many New York and New Jersey residents are losing hope, and are out of cash. Adam D’Aleo has listened to the New York Department of Labor’s “we are experiencing high call volume” recording more times than he can count. “It’s embarrassing, I remember it,” D’Aleo said. … Read more

I’m terrified that we are going to reopen our economy too quickly at the expense of human lives.

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by Luma44 I’m a father, a husband, a taxpayer, a full time employee. I’m working hard to provide for my family. I’ve never accepted a handout. I’ve fortunate enough to say that I’ve never needed unemployment. I’ve never filed an insurance claim. If I need more money, I’ve been lucky enough to have opportunities to … Read more

Traders Are Betting Big On An Oil Price Rebound

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By Irina Slav Global oil storage space is running low, production is not falling quickly enough, and yet last week hedge funds bought a record amount of WTI contracts, Reuters’ John Kemp said Monday. At the equivalent of 122 million barrels, the amount of crude futures purchased last week was the highest since at least … Read more

The old saw that dividend stocks are good for bear markets is actually a high-risk gamble.

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By Wolf Richter for WOLF STREET. Dividend yield can be an irresistible siren song in the era of central-bank interest-rate and bond-yield repression: Harley Davidson’s dividend yield was over 7% until this morning – when it announced that it would slash its dividend by 95%, from 38 cents to a symbolic 2 cents to conserve cash. Going forward, … Read more

With Superfluous Demand in Free-Fall, What’s the Upside of Re-Opening a Small Business?

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by Charles Hugh-Smith Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what’s the upside of re-opening? The mainstream view assumes everyone will be gripped by an absolutely rabid desire to return to their pre-pandemic frenzy of borrowing and spending and consuming, the more the better. While the urge to … Read more