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LONDON — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before roaring back next year. In what it describes as a “plausible” scenario, the bank said the British economy will be 30% smaller at the … Read more
by Dave Kranzler of Investment Research Dynamics Wayfair is one of the tech-borne “unicorn” style companies which has become a symbol of the most over-inflated stock bubble in U.S. history. The dot.com bubble on steroids. Its business model is geared to generate sales growth as a device to inflate the company’s market cap by enticing enough volume from momentum … Read more
Two McDonald’s employees in Oklahoma City were shot Wednesday after they told two customers to leave the store’s dining area, police said. The suspects got angry and took out a gun when they were asked to leave due to coronavirus restrictions. Two workers were shot and a third was injured after a scuffle broke out, … Read more
REALCLEARINVESTIGATIONS: The Growing Backlash Against Female-Only School Programs. Created to counter sexual harassment and discrimination, these programs are now being reviewed by the Trump administration’s Department of Education. The federal department’s Office for Civil Rights has opened more than 90 investigations of the programs to date, in all 12 of the office’s regional branches nationwide, and … Read more
If this is true, I completely give up. The FBI and DOJ along with the democrats who took part need to be held to a higher standard than citizens. From the article: “But that brings us to the next phase. Which of the wealthy and sanctimonious elites who perpetrated this extraordinary crime against America will … Read more
by Fauxcahontas Americans deserve this for allowing the government to have this much power. Now go back to cheering for more foreign wars and dont forget to hand over your guns when the boys in blue come to have a chat.
by KrisspyKremeThomas95 Dear People: We are still not “back to normal”. Please understand that social distancing and quarantine are not an infringement upon your human rights. They are necessary to keep us all safe. More importantly, they are necessary for protecting the vulnerable. People’s lives are more important than your desire to go out and … Read more
WHAT WOULD YOU DO if your six year old son or daughter tested positive for COVID19 and was taken from your home to a quarantine center by Ventura Health Authorities? This SHOCKING VIDEO demands that you plan ahead. #BeBrave #HistoryRepeating pic.twitter.com/e5RC7dCO7o — Del Bigtree (@delbigtree) May 6, 2020 They are going to rip people out … Read more
by Duckdung tldr; The virus is a laboratory construct and when the masses find out it will cause another wave of panic. I first want to start by saying I’m an autist and not a geneticist or have a degree in bioinformatics. If you want to read the a good source that you can … Read more
by GromGrommeta Getting tired of reading posts from people who clearly didn’t watch or read this earnings report or probably any earnings report so here we go. Tldr: His cash position (actually t-bills) is not large compared to the entirety of Berk’s assets. Now can you all stop with the “But Buffett’s holding cash” meme? … Read more
Hours after Doug Ducey, the Republican governor of Arizona, accelerated plans to reopen businesses, saying the state was “headed in the right direction,” his administration halted the work of a team of experts projecting it was on a different – and much grimmer – course. On Monday night, the eve of President Donald Trump’s visit … Read more
by Alabamlass123 So I certainly hope this doesnt apply to any company that has been fully funded by both EIDL and PPP I didnt apply for PPP as a single member LLC..remodeling, all we use are subs…didnt allow me to retain my guys or help them out.. I certainly would have if I would have … Read more
Eurozone: Italy, Spain, portugal sovereign bond yield spreads widen despite massive ECB repurchases. Very far away from 2011 levels, though. pic.twitter.com/ccGZ3mP3rg — Daniel Lacalle Official Account (@dlacalle_IA) May 7, 2020 We're now measuring "worst-slump" statistics in centuries. https://t.co/pHpZcOtVgf — Carl Quintanilla (@carlquintanilla) May 7, 2020 every data will be like this from now… italy retail … Read more
No intercourse is always a problem 😂 https://t.co/7gtob3BB7J — IV (@iv_technicals) May 7, 2020
Stop creating incentives for American businesses to take on debt. https://t.co/jClINmXWp0 via @financialtimes — Michael Pettis (@michaelxpettis) May 7, 2020 Homer Simpson once proposed a toast “with alcohol, cause and solution to all the problems of life”. For global companies that have drunk a lot, his line captures an unpleasant irony. The pandemic poses particularly … Read more
https://www.youtube.com/watch?v=3RoAteIRmHY Those in the MSM and who are pushing the idea that the economy will not recover will be exposed. Trump and the patriots have put certain mechanisms in place. The reports that are out now will feed into what the patriots plan to do, take this economy that has been pushed to the brink … Read more
https://www.youtube.com/watch?v=SYqQH-VHAZc The [DS]/MSM are now pushing everything they have, if that doesn’t work they will push a FF. The patriots have now painted the targets, they are locked on, boom week coming. This is just the beginning, those who committed treason will be held accountable.
Nobody knew what would trigger the next financial crisis, but just about everyone knew it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it… By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: Something spectacular happened in April, despite the gut-wrenching phenomenon … Read more
I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become. By Wolf Richter for WOLF STREET. The US gross national debt – the total of all Treasury securities outstanding – … Read more
