LOSING THEIR MINDS: Man arrested twice in 3 hours for entering Wawa without mask, making threats, cops say

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A 70-year-old Toms River man was arrested twice in less than three hours Saturday after violating the state’s emergency orders during the coronavirus pandemic by entering separate Wawa stores without a mask and threatening to hit people with a pipe, authorities said. Stephen Breza became belligerent when he walked into a Wawa on the 100 block of … Read more

Mass layoffs UNCOVERED. Piecing together the WARN notices from US labor offices, these employers come to surface:

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by Badatu 9,991 layoffs: YMCA 1,498 layoffs: Cinemark 1,463 layoffs: Hy-Vee 1,354 layoffs: Punch Bowl Social 1,328 layoffs: Trans States Airlines 506 layoffs: Take 5 Oil Change 407 layoffs: Paper Source 395 layoffs: Cisco ​ More details: YMCA submitted 19 WARN notices in March, laying off a total of 9,991 employees in eight states, 3,400 of … Read more

The Sad Truth About The OPEC+ Production Cut

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By Simon Watkins Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows in the coming weeks, the basic facts of the deal are sufficient to do so: global supply is to be cut by (sort of) 10 million … Read more

Alasdair Macleod: Destruction Of The Currencies THIS YEAR

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Alasdair Macleod interviewed by Dunagun Kaiser on Reluctant Preppers Alasdair Macleod returns to Liberty and Finance / Reluctant Preppers to lay out the emerging facts which he says are confirming his predictions for this year, including: the end of the credit expansion cycle, deepening global recession, a banking crisis, monetary supply inflation with loss of buying power, the destruction … Read more

The Safe Haven Problem

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by Shaun Richards At a time of crisis people look for what are considered to be safe havens. I say considered to be because this subject has been a regular feature on here in the credit crunch era and we have observed some ch-ch-changes in behaviour. For example we have seen investors be willing to … Read more

Technically Speaking: The Reward Doesn’t Justify The Risk

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by Lance Roberts  In this past weekend’s missive, I discussed the market’s completion of the 50% retracement. To wit: “From a purely technical basis, the extreme downside extension, and potential selling exhaustion, has set the markets up for a fairly strong reflexive bounce.  Such an advance will ‘lure’ investors back into the market, thinking the … Read more

OPEC+ Deal Is “Too Little And Too Late”

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By Nick Cunningham “The historic agreement that we saw…is only 10 mb/d. But that is only half of the story,” U.S. Secretary of Energy Dan Brouillette said on Fox Business. “When you add up all of the production cuts around the world, we are going to be much closer to 20 mb/d coming off the market.” After … Read more

Limitation of the President & Have the States Violated the Constitution Imposing a Lockdown?

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by Martin Armstrong (DOWNLOAD this Article: Commerce Clause.docx QUESTION: Can Trump reopen the economy at will? UT ANSWER: There is no doubt that Americans have been getting a civics lesson as they turn to Washington for answers to the coronavirus crisis, but discover that their state governors have assumed far more control over what goes on … Read more

There’s No Going Back, We Can Only Go Forward

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by Charles Hugh-Smith What I see is a global collapse of intangible capital that is invisible to most people. It’s only natural that the conventional expectation is a return to the pre-pandemic world is just a matter of time. Whether it’s three months or six months or 18 months, “the good old days” will return just … Read more

Have Jobless Claims Peaked Yet?

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by UPFINA Before we get into the latest on earnings estimates, jobless claims, and consumer confidence, let’s quickly recognize how unprecedented the period in markets we have just witnessed has been. As the chart below shows, in the past 7 weeks, there have been 22 days with more than 3% moves either up or down. That’s … Read more

Mark Mobius: Markets Have Not Hit the ‘Absolute Bottom’ Yet; Cam Hui: S&P 500 Could Tumble To A Range Between 1,275 And 1,710 Before A Bull Market Resumes

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Markets Have Not Hit the ‘Absolute Bottom’ Yet, Says Mark Mobius “I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible,” Mark Mobius, the founding partner of Mobius Capital Partners, said. He added that “things are pretty bad” from the perspective of corporate earnings.   Why the Stock … Read more

The Economic Outlook Has Never Been This Uncertain Before By A Big Margin

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Going to tweet out some of damn fine charts from Bank of America. First up, the economic outlook has never been this uncertain before. By a big margin. pic.twitter.com/WHW6jZN8Ev — Robin Wigglesworth (@RobinWigg) April 14, 2020 THIS IS MY SHOCKED FACE:  Pandemic likely to exceed Great Recession in number of bankruptcies. The coronavirus pandemic that has sickened over … Read more