Potbelly secures $10M small business loan for virus relief days after exec gets $100K bonus

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Less than two weeks ago, the federal government launched the $349 billion Paycheck Protection Program, aimed at keeping small businesses afloat as the coronavirus pandemic forces an unprecedented shutdown of the nation’s economy. Among those that qualified for the loans — businesses with fewer than 500 workers may borrow up to 2 1/2 times their payroll, or up to … Read more

Oil Prices Are Too Low…Time To Start A War!

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(by Half Dollar) By now, everybody knows they’ll pay you to take a barrel of crude oil. Well, in theory anyway. In reality, crude oil is not exactly free. Nonetheless, it is dirt cheap! Which makes it seem like just the right time to start a brand new Middle East War during a raging pandemic! And it seems … Read more

The Markets Are Now Addicted to Fed Interventions

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by The Phoenix The financial system is now completely addicted to Fed interventions. As I’ve noted over the last month, the Fed has implemented monetary programs to buy just about every asset class. As a brief refresher, the Fed is now intervening directly in: 1)    The Treasury markets (U.S. sovereign debt). 2)    The municipal bond markets … Read more

CDC’S FAILED CORONAVIRUS TESTS WERE TAINTED WITH CORONAVIRUS, FEDS CONFIRM

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As the new coronavirus took root across America, the US Centers for Disease Control and Prevention sent states tainted test kits in early February that were themselves seeded with the virus, federal officials have confirmed. The contamination made the tests uninterpretable, and—because testing is crucial for containment efforts—it lost the country invaluable time to get … Read more

Alert 200% Proof They Are Ready To Enforce Martial Law in America 2020 Economic Collapse Video

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https://www.youtube.com/watch?v=L_jpBesi5B4 Shocking video about the coming martial law to America: Last month, governors started calling up for national guard units, raising suspicions about their true intentions. The Pentagon seems to have insisted for the soldiers to remain determinedly ready for the command of the governors who requested their presence, and they have affirmed that these … Read more

Tucker Carlson Reveals Michelle Obama’s SICK Plan to Destroy America as We Know it

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https://www.youtube.com/watch?v=V8JHibQ0RE8 Cassandra Fairbanks from the Gateway Pundit reports, Fox News host Tucker Carlson blasted Michelle Obama’s support for a “radical expansion” of mail-in voting in November, warning that the extreme measures could destroy American democracy. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020…

If Movie Theaters Reopened, Would You Go?

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Authored by Mike Shedlock via MishTalk, Trump has slated movie theaters as one of the first businesses to reopen. Will you go? Trump has a Three Phase Plan to Reopen America. Phase one: Restaurants, movie theaters, sporting venues, places of worship and gyms can reopen if they observe strict social distancing. Elective surgeries can resume when appropriate on … Read more

Storage Shortage + Demand Reduce = Oil The New Water

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by iDestinyXD A lot of people been wondering what would happen to the oil price after the states reduce some of the restrictions. I recommend caution because of the storage shortage and demand reduction for oil. Unless OPEC+ and the US decided to cut production again. Then, maybe buy the news with extra caution. Readings: … Read more

AMZN/SHOP – The Fundamental shift towards Ecommerce, SHOP to double

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by codeslingingslave TLDR; There is a massive shift to E-commerce under way across all demographics, and especially under boomers and older people who have resisted online buying. With the spread of the virus, these demographics are shifting to online buying, expanding the market by 50%. Younger people ordering online are doing it even more. The … Read more

Denmark won’t bail out companies that is paying dividends, buying back shares or are seated in “tax havens”

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BLOOMBERG – The government also said that companies which pay out dividends, buy back own shares or are registered in tax havens won’t be eligible for any of the aid programs, which now amount to a total of 400 billion kroner, when including loans and guarantees. https://www.bloomberg.com/news/articles/2020-04-18/denmark-extends-business-aid-to-increase-spending-by-15-billion In America that would mean they couldn’t bail … Read more

When Ray Dalio says Cash is Trash, and Bonds are Crazy…

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by paperlevel I just want to make some sense of Ray Dalio’s recent comments: Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now and possibly for years because of money-printing by central banks to rescue the global economy. “This period, like the 1930-45 … Read more

Credit Market Turmoil: BofA says Non-IG Bonds Defaults will be >20%

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https://www.morningstar.com/news/marketwatch/20200418118/wave-of-corporate-defaults-could-reach-more-than-20-despite-feds-foray-into-buying-junk-bonds-warn-analysts Just to get in front of the “Fed will buy everything, so no problem, bro” sentiment…the analysts understand that. Also, as I continually say the Fed buying bonds means tighter spreads; it doesn’t mean the companies can pay even at tighter spreads. If companies don’t have the revenue to service the debt, they default. … Read more