Monetary/fiscal stimulus aren’t nearly enough to quell the losses in asset prices and the shortage of dollars worldwide. It’s the beginning of a recession, not the end.

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Further action needed. Monetary/fiscal stimulus aren’t nearly enough to quell the losses in asset prices and the shortage of dollars worldwide. It’s the beginning of a recession, not the end. The S&P 500-to-Gold ratio is still above 1929 peak levels. Buy gold & sell stocks. pic.twitter.com/Iu6CsebV3c — Otavio (Tavi) Costa (@TaviCosta) April 13, 2020 I … Read more

A short timeline of Goldman’s bullsh*t

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by Chocolate_fly The S&P 500 sees 18% growth over the previous 12 months; one of the best years on record December 31 2019: Goldman declares US economy is recession-proof   The S&P500 hits 2700; officially a bear market March 11 2020: Goldman predicts bottom at 2,450 by mid-2020   The S&P500 hits 2380; blows out Goldman’s previous … Read more

I am glad that laid off workers are getting the extra $600/week on top of base benefits, but it is an abomination that many of us still working full time will be earning less than that.

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by zedthehead I manage a Subway. I make $10.25/hr. I have been there nearly every day since all this started. I have stressed myself out, crying, daily. I am NOT ESSENTIAL yet I cannot quit. I must wait for my greedy franchisee to decide he will close our store before I can file for unemployment. … Read more

Just read the CARE Act. It appears the $1200 stimulus check is a credit against your 2020 tax return

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or am I reading it incorrectly? What do you think? 21 ‘‘SEC. 6428. 2020 RECOVERY REBATES FOR INDIVIDUALS. 22 ‘‘(a) IN GENERAL.—In the case of an eligible indi-22 vidual, there shall be allowed as a credit against the tax 23 imposed by subtitle A for the first taxable year beginning 24 in 2020 an amount equal to … Read more

El-Erian: ‘We are really betting on the Fed if you want to go in and buy and put risk on in a major way’

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CNBC, Released on 4/13/20 Mohamed El-Erian, Allianz chief economic advisor, joins ‘Squawk Box’ to discuss the state of the U.S. economy and how investors are watching the stock market. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a … Read more

Hackers hijack Zoom meeting on Milwaukee absentee ballots

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MILWAUKEE, Wis. (WISN) — Hackers hijacked a Zoom conference call Sunday afternoon held by the Milwaukee Board of Election Commissioners. The call was scheduled to provide an update on guidelines related to last week’s primary election. The commission planned to discuss late-arriving absentee ballots. The hackers took control of the meeting and posted pornography and … Read more

BREAKING… “Trump names Ivanka, Jared Kushner as part of council to reopen America”

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Trump names Ivanka, Jared Kushner as part of council to reopen America Published on Apr 13, 2020 Chief of staff Mark Meadows’ council will also include Mnuchin, Kudlow, Lighthizer and Ross. President Trump said Monday he would make a decision — “in conjunction” with governors and other officials — on reopening the economy “shortly,” as … Read more

Looming Food Supply Shortages & Governments Hoarding Crops (Export Bans) From Coronavirus?

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by Jason Burack of Wall St For Main St Over the last 4-6 weeks, well over a dozen in depth and well researched articles have come out warning about the upcoming problems with the global food supply chain thanks to travel restrictions, temporary workers being denied the ability to cross borders, governments starting to hoard crops and also … Read more

Is Saudi Arabia Restarting The Oil War?

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By Tsvetana Paraskova Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s historic global production cut deal. Aramco has delayed the announcement of its official selling prices (OSPs) for May several times in the past … Read more

Who’s getting hundreds of billions in govt aid? Public may be in dark

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WASHINGTON — The names of businesses that collectively will receive hundreds of billions of dollars in coronavirus relief from the federal government may not be disclosed publicly, an omission that critics say could make the massive spending program vulnerable to fraud and favoritism. The $2.2 trillion Cares Act approved by President Donald Trump last month … Read more