by FearlessActions There are lot of Businesses applied for PPP with proper documents and did not get funds because of non-transparent Bank Process and handling. Here is my experience. Please share your experience and help others in gaining info. 1.Filled online PPP form on bank of America website. Got email to upload documents on 6th April … Read more
Danielle DiMartino Booth said Beijing officials were aware of the outbreak in Wuhan in November She said Chinese officials had countless lives on their hands for under-reporting The economist points to a ‘pandemic clause’ in the January US-China trade deal It came as Wuhan revised its official death toll to add nearly 1,300 fatalities China … Read more
Money manager and economist Michael Pento predicts a “tsunami of inflation” is coming in the not-too-distant future. Pento says, “People are losing faith in fiat currencies. The price of gold in other currencies is already at all-time record highs. Even in dollar terms it’s $1,700 per ounce and on its way to record highs. What … Read more
Here’s just one example from Tampa Bay, FL. Taxpayer dollars went to bailout a dying industry owned by large companies with “small business loans.” SNIP The Tampa Bay Times and its related companies received a loan of $8.5 million under the federal government’s program to support businesses harmed by the coronavirus pandemic. The loan is … Read more
Sunday Laws are the mark of the beast. The powers that be are pushing forward in that direction. It will force worship. Religious freedom will come to an end. You must worship on Sundays for them. It will not matter if you “truly believe” Sunday is the Sabbath or not. Think of Shadrach, Meschach, and Abednego. Do you … Read more
by AlexanderEfrosCPA Per review of the Paycheck Protection Program reports released by the SBA on 4/13/2020 and 4/16/2020 (a difference of just 3 days), the average approved loan size decreased from $239,152 to $206,000 (a decrease of over 13%). Furthermore, the total number of loans approved in the amount of $150,000 and lower increased by … Read more
by gobigorange86 This week’s SPY fund flows, though, are quite interesting – and perhaps? suggest the bull gang momentum is waning. I’m not saying gung ho the drop cometh, but interesting stat to chew on. Weekly SPY FUND FLOWS since 1/19/2020 (week beginning): 1/19-1/25 : $1,987 mil outflow 1/26-2/1: $57.4 mil outflow 2/2-2/8: $1,320 mil … Read more
I’d like to report the Mayor of NYC who was encouraging people to ride the subway in early March. Where do I send this text? https://t.co/cRhKscGHpI — Paranoid Bull (@paranoidbull) April 18, 2020
by SpontaneousDisorder This new index is now being updated here, I’ll add this to the wiki. Notice how it compares to the trough of the Financial crisis. https://www.newyorkfed.org/research/policy/weekly-economic-index Read this article to understand more about its construction. Its designed to show more immediate and high frequency estimate of GDP “growth”. https://libertystreeteconomics.newyorkfed.org/2020/03/monitoring-real-activity-in-real-time-the-weekly-economic-index.html The data its based … Read more
by myfavoritemukduk1138 This was a pretty rushed summation of the conversation, but I was asked to start a new thread, so here it is. So from what they said, they too are very concerned with the “big small” businesses taking up the funds and are trying to rewrite the next funding to eliminate that possibility. … Read more
by ChristianHunter The United States has 30 million small businesses that employ half of its workers. Half those small businesses had enough cash to survive 27 days without support (link to study below). The SBA funded 1.6 million small business loans before running out of money this week. That leaves 28.5 million small businesses with … Read more
by anonguy933 I own a cleaning company, a month ago we had 11 employees and had just started doing about $40k a month in revenue. This “stimulus” feels more like a punishment. There are so many things wrong with how the various “stimulus” packages are currently being administered. And not just PPP. I have spoken … Read more
by duggu_boy I would urge all my fellow business owners here that these decline emails going out since last night is nothing but a system generated response. I design softwares for a living. I know this subject very deeply. I can tell reading all these threads since last night that (1) yes, the loan software … Read more
Vox Media furloughs more than 100 employees for three months.Layoffs Hit Valence Media: Hollywood Reporter, Dick Clark Productions, Billboard, Vibe Affected. ViacomCBS Lets Go Of Contract Workers Amid Coronavirus Pandemic As More Layoffs Loom. Temporary pay cuts and furloughs announced at NJ Advance Media, but no layoffs as coronavirus hits revenues. Condé Nast plans hundreds … Read more
IT’S COME TO THIS: De Blasio Wants New Yorkers To Rat On Neighbors. Don’t Do It. Communist Tyrant: Bill de Blasio want people to take a photo of a crowd and report them to police if they aren’t social distancing. He needs to be removed #LiberateNY How do you report places that aren’t enforcing social … Read more
By Haley Zaremba The global oil industry has been scrambling for a solution to the dramatic oil price crash and enduring global crude glut from last month. As the novel coronavirus swept the globe over the past few months, shutting down countless industrial endeavors, the devastating economic impact tanked international oil demand and overall energy … Read more
Stock Market Crashes and Recessions are the best buying opportunities. When that happens, Warren Buffett says to take out the bucket when raining gold. Seven steps to be a millionaire after recessions and stock market crashes: – be a financial fortress – allows you to invest when others are selling in panic – have … Read more
https://youtu.be/iTOIK2QdFzY Jim Hoft from The Gateway Pundit reports, Crazed Democrat Michigan Governor Gretchen Whitmer prohibited big box retailers from in-person sale of seeds because according to her, plant seeds were non-essential. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020…
by Toothlesskinch Tl;dr – The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. It’s the weekend so I’m going to take the time to share some real life insight into what is happening … Read more
by TessTickols My attempt at analysing the SPY chart after last week (AKA Crayon drawings): https://www.tradingview.com/chart/SPY/MLMq5QLn-Bear-market-rally-finally-reversing/ The rally from the lows (likely initiated by massive shorts covering) has been gaining momentum for a while. This last week it has been losing momentum, and the last gap up on low volume looks extremely weak. Every indicator … Read more