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
This is the best summation I’ve heard as to why we’re doing it all wrong! AC
by GreenBax1985 Never try to catch a falling knife. Stop trying to find the bottom of a falling stock, you exacerbate FOMO this way. Not only will you make mistakes financially, you can also bring about health issues that no amount of money can fix. Let the other guys determine the bottom for you. You … Read more
by SpontaneousDisorder Many talking heads think the worst is over, at least for financial markets, the virus is peaking we’re told (and will presumably just disappear), governments and central banks are apparently flooding the world with “money”. The tone has become decidedly more optimistic than late march, even as the economy hurtles toward the ground. Ben … Read more
This happened JUST TODAY:#Germany's consumer confidence collapsed way beyond anything seen during the GFC. The Eurozone Services #PMI dropped to an unprecedented 11.7. US initial jobless claims rose another 4.43 million, totaling more than 26 million in 5 weeks. pic.twitter.com/0qjVbkyhAD — jeroen blokland (@jsblokland) April 23, 2020 ICYMI overnightIHS Markit Eurozone PMI and GDP Flash … Read more
The Fed’s SPV’s at Treasury are not technically on balance sheet which would violate Federal Reserve Act. Less appreciated as pointed out by @bondstrategist is the fact that aside from commercial paper, NONE have been deployed and put to use. Premature celebration? https://t.co/BwK6aHyR0J — Danielle DiMartino Booth (@DiMartinoBooth) April 23, 2020 Unbelievable. Can I short … Read more
https://www.youtube.com/watch?v=nmAkiFt-wiw
https://twitter.com/bullmarketsco/status/1253272567584079873 When $8 trillion dollars in fiscal stimulus isn't enough, you gotta ask yourself: 1. Is the amount too small?2. Is the amount too big but execution flawed?3. Do we just need to wait a bit longer?https://t.co/vhjIK8PQuM pic.twitter.com/7bvfwsL05S — David Ingles (@DavidInglesTV) April 23, 2020 April loan defaults will likely top the 2009 record, with14 … Read more
by The Phoenix There’s a saying that “in bull markets, stocks don’t sell off on bad news.” I mention this because the latest jobs data is out and it’s horrific. Another 4.4. million Americans have filed for unemployment bringing the total the number of unemployed to 26 million. These are DE-pression type numbers. And yet stocks are … Read more
Tucker Carlson: Governors all over the country are taking advantage of this Pandemic because they want Total Control, not because of Science pic.twitter.com/VqMKjjD3oe — Benny Johnson (@bennyjohnson) April 23, 2020 We found out how quickly our rights are infringed by state and local governments. AC
Ms Panahi told Sky News host Paul Murray the Chinese communist regime “lie like you and I breathe,” evidenced by its “ineptitude and recklessness” in handling the virus. https://www.skynews.com.au/details/_6151034581001
The experience of a small business owner in Washington state is highlighting the unintended consequences of the massive coronavirus relief bill passed to keep employees receiving a paycheck. Jamie Black-Lewis told CNBC that she was able to obtain loans for $177,000 and $43,800, and thought that her 35 spa employees would be happy that they … Read more
via foxnews: California Gov. Gavin Newsom is facing pushback as state lawmakers have begun demanding details of his nearly $1 billion deal to receive 200 million masks per month from a Chinese manufacturer. Just two weeks after announcing the deal, Newsom has remained largely mum on the specifics. Advisers to the California Democrat have declined requests for comment from … Read more
A reporter asked Gov. Cuomo what he’d say to New Yorkers who want to go back to work because they’re running out of money, to which he replied, “economic hardship doesn’t equal death” “You want to go to work? Go take a job as an essential worker” he added https://t.co/BgwoOZsQRy pic.twitter.com/WxGQxtg49p — CBS News (@CBSNews) … Read more
The dollar could plunge against the yuan, yen, and pound in the next few months, warns UBS. UBS Global Wealth Management’s Hartmut Issel told CNBC Thursday in a phone interview: “Since the last month or two, the dollar does not have too much to offer anymore.” Issel also thinks yield differentials will become more attractive … Read more
Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won't provide social distancing guidelines on how to do so safely. "They better figure it out. That's their job. That's not the mayor's job" https://t.co/warrOSZtrK pic.twitter.com/R6RCCu2Wzh — CNN Politics (@CNNPolitics) April 22, 2020 Las Vegas Mayor Carolyn Goodman calls for businesses to … Read more
By C. Douglas Golden Published April 22, 2020 at 1:00pm The Wuhan Institute of Virology isn’t a particularly popular popular research institution at present, as you may have heard. So, in case you aren’t up to speed yet, here’s a TL;DR version: The WIV is an institute in the city where the novel coronavirus began … Read more
Wednesday during Hugh Hewitt’s nationally syndicated radio show, Senate Majority Leader Mitch McConnell (R-KY) said he favors allowing states struggling to meet their financial obligations due to the Chinese coronavirus pandemic to declare bankruptcy instead of providing a federal bailout. https://www.breitbart.com/politics/2020/04/22/mitch-mcconnell-floats-creating-bankruptcy-process-for-u-s-states/
LONDON (Reuters) – Britain may be in the grip of its worst economic slump in centuries, a Bank of England official warned, as the coronavirus lockdown pounded businesses this month with more force than even the most pessimistic forecasters had feared. Interest-rate setter Jan Vlieghe said on Thursday the economy should recover its pre-coronavirus growth … Read more
