This isn’t about public safety anymore. It’s become an outright war on Constitutionally guaranteed freedom.

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IT’S COME TO THIS: De Blasio Wants New Yorkers To Rat On Neighbors. Don’t Do It. Communist Tyrant: Bill de Blasio want people to take a photo of a crowd and report them to police if they aren’t social distancing. He needs to be removed #LiberateNY How do you report places that aren’t enforcing social … Read more

Would Trump Actually Pay Oil Producers Not To Pump?

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By Haley Zaremba The global oil industry has been scrambling for a solution to the dramatic oil price crash and enduring global crude glut from last month. As the novel coronavirus swept the globe over the past few months, shutting down countless industrial endeavors, the devastating economic impact tanked international oil demand and overall energy … Read more

The CARES Act and sentiment

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by Toothlesskinch Tl;dr – The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. It’s the weekend so I’m going to take the time to share some real life insight into what is happening … Read more

Why Friday was likely the top for now.

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by TessTickols My attempt at analysing the SPY chart after last week (AKA Crayon drawings): https://www.tradingview.com/chart/SPY/MLMq5QLn-Bear-market-rally-finally-reversing/ The rally from the lows (likely initiated by massive shorts covering) has been gaining momentum for a while. This last week it has been losing momentum, and the last gap up on low volume looks extremely weak. Every indicator … Read more

US Banks Brace For Surge In Loan Losses (S&P 500 Bank / S&P 500 Index Back To Early 2009 Levels)

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by confoundedinterest Here we go again? With the economic shutdown thanks to the Wuhan virus, the Big Banks are in the US are preparing to be over, under, sideways, down. (Financial Times) — Loan loss charges at six big American banks reached a total of $25.4bn in the first quarter. This marks a 350 per cent surge in … Read more

U, W, V, or L ??

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https://twitter.com/WallStJesus/status/1251668167627280385 [Thread] 👇 After one month of coronavirus lockdown, more than 50% of Los Angeles is now unemployed. Follow along for live updates on the latest #coronavirus news around the globe.https://t.co/lMHXVn84ka — Win Smart, CFA (@WinfieldSmart) April 18, 2020 Who's next? Will be a plethora of companies going bankrupt ever so shortly. 90% of companies … Read more

Comrade deBlasio Introduces New York City Snitching Program – Take a Photo of Non-Compliant Behavior…

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by sundance Comrade Bill deBlasio in New York City is making it easier than ever to snitch on your neighbors. If you happen to spot someone not obeying social isolation orders, or if you spot someone without a mask, the mayor is now asking people to take a picture of the rebellious activity and text it to the … Read more

The fed bought 700 billion in treasure securities and 200 billion in MBS. How did that help to “stabilize” the market?

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by enginerd03   banks have a lot of treasuries banks do not have a lot of cash businesses need cash to operate banks cant give them cash, because banks have a lot of treasuries fed buys treasuries from banks, giving them cash. banks have cash banks can give cash to businesses in the form of loans. … Read more

The Real Reason Russia Teamed up with China…Here’s What Comes Next for American Preeminence and the Dollar

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Via International Man Editor’s Note: Vladimir Pozner is Russia’s most influential political TV talk-show host, journalist and broadcaster. Pozner has hosted several shows on Russian television, where he has interviewed famous figures such as Hillary Clinton, Alain Delon, President Dimitri Medvedev and Sting. Pozner has appeared on a wide range of networks, including NBC, CBS, … Read more

Jim Rogers Warns : This is a Financial Crisis Like No Other – Preparing for Economic Collapse

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by Amy S.   Jim Rogers Warns : This is a Financial Crisis Like No Other – Helicopter Money Wont Fix Debt Bubble The markets took a lot of aspirins today, but they will wear off tomorrow, and the headaches should return. Dow should finish below 20,000 tomorrow. Unless they are given more aspirins. Eventually, though, … Read more

Some Of This Is About Insufficient Contagion Control, And Some Of It Is About Density And Inadequate Medical Infrastructure:

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New wave of infections threatens to collapse Japan hospitals. Hospitals in Japan are increasingly turning away sick people as the country struggles with surging coronavirus infections and its emergency medical system collapses. In one recent case, an ambulance carrying a man with a fever and difficulty breathing was rejected by 80 hospitals and forced to … Read more

The largest US bank is quietly shutting down ahead of a historic defaul shitstorm that is about to hit the US.

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via Zerohedge: Earlier this week, JPMorgan reported that its loan loss provision surged five fold to over $8.2 billion for the first quarter, the biggest quarterly increase since the financial crisis (even if its total reserve for losses is still a fraction of what it was during the 2008-2009 crash). And while Jamie Dimon was … Read more