by Jim Rickards via Daily Reckoning I began studying complexity theory as a consequence of my involvement with Long-Term Capital Management, LTCM, the hedge fund that collapsed in 1998 after derivatives trading strategies went catastrophically wrong. After the collapse and subsequent rescue, I chatted with one of the LTCM partners who ran the firm about what went wrong. … Read more
ANALYSIS: TRUE. Chinese Control of Supply Chain Is National Security Threat. Rep. Liz Cheney (R., Wyo.) said Chinese control of the pharmaceutical supply chain was a national security threat and that the United States must use its military to confront China around the world. “Look at what they’ve been able to do with respect to supply … Read more
I’ve read the plans to reopen the economy. They’re scary. Right and left, all the plans he’s reviewing basically come from think tanks. I expect that Trump’s plan will be better. But note that it’s all basically up to governors: The White House cannot unilaterally reopen the country. Though the Centers for Disease Control and Prevention … Read more
THE REPORTING IS ALWAYS QUESTIONABLE, BUT IT’S LOOKING AS IF WASHINGTON STATE IS ON THE BACKSIDE OF THE CURVE. Here’s the “confirmed cases” graph: And here’s the chart for deaths, which are usually a lagging indicator. Either social distancing has worked, or it’s burning out on its own. Sadly, I’m pretty sure it’s the former. Why are … Read more
The U.S. shouldn’t bail out billionaires and hedge funds during the coronavirus pandemic, Social Capital CEO Chamath Palihapitiya says. “Who cares? Let them get wiped out.” https://t.co/dIbizumtqG pic.twitter.com/fsoP3ITQDa — CNBC (@CNBC) April 10, 2020 Accurately calling out “zombie companies” for the con job they’re pulling on the vast majority of the human race. Those who … Read more
“If a law is unjust, a man is not only right to disobey it, he is obligated to do so.” – Thomas Jefferson h/t –saltyliberaltears13
Nancy Pelosi really just said there’s “no data” suggesting Americans need financial assistance right now pic.twitter.com/RFmcjGsjKu — Caleb Hull (@CalebJHull) April 9, 2020 OK, so businesses laying people off and the weaker ones that are now permanently closing “don’t need assistance”. F*ck RIGHT off Record Bankruptcies Predicted as Unemployment Soars… Why relief to small businesses … Read more
by sundance It has been so long since the original 2018 congressional request that many people have forgotten what was included in the “Bucket Five” declassification request. Bucket Five – Intelligence documents that were presented to the Gang of Eight in 2016 that pertain to the FISA application used against U.S. person Carter Page; including all exculpatory … Read more
Watch the latest video at foxnews.com CNN was lampooned by critics on Thursday after a headline of its report on Senate Democrats blocking financial relief for small businesses was quickly changed. A $250 billion urgent request to shore up a depleting small business fund failed to pass the Senate Thursday after Democrats objected to the measure pushed … Read more
https://www.youtube.com/watch?v=l-ZlgJWihuk The [CB] pushing a global recession is losing the battle, the US is on a different track, this track is to expose the [CB]. Trump is doing everything in his power to help the people through this transition. Trump has now set the entire thing in motion, he is in charge of the Fed, … Read more
NEW YORK (Reuters) – Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters. JPMorgan Chase & Co (JPM.N), Wells Fargo & Co … Read more
https://www.youtube.com/watch?v=WV1-4SfdNHI
by FiscalFrontier I think I know why the stock market is up… and it’s not because the Coronavirus is going away. It requires some macroeconomic and finance knowledge, but maybe, just maybe: Fed actions (buying assets) are lowering risk premiums Fed actions (lowering rates) are lowering asset yields overall Both of these actions lower stock … Read more
by cjw_5110 Relevant for USAA auto insurance members: https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150 Relevant passage: USAA, the country’s fifth largest property-casualty insurer, will be returning $520 million to its members. This payment is a result of data showing members are driving less due to stay-at-home and shelter-in-place guidance across the country. Every member with an auto insurance policy in … Read more
by StonkAutist Let’s say we end all this JPOW money printer nonsense for over leveraged shit bird big corporations and decided we are going to kickstart American consumerism by paying every person that pays taxes an equal amount of money from the 6 Trillion dollars in stimulus. Let’s also say there are about 150 million … Read more
by asdasci In order to calculate whether an asset is under- or overvalued, it makes sense to compare the price of the asset to the average earnings it generates. That’s why we always looked at the price to earnings ratio, or P/E. The problem is our misconception: Owning an asset does not only give you … Read more
Briahna Joy Gray Verified account @briebriejoy On the plus side, I can drop the “Democratic” from my tweets about why Socialism is good. View post on imgur.com On the plus side, I can drop the “Democratic” from my tweets about why Socialism is good. 😉 — Briahna Joy Gray (@briebriejoy) April 8, 2020 There you … Read more
