Number of people with coronavirus infections may be dozens of times higher than the number of confirmed cases

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via thl.fi An antibody study carried out by the Finnish Institute for Health and Welfare (THL) has found that the number of people infected with coronavirus in the Hospital District of Helsinki and Uusimaa (HUS) may be many times higher than the confirmed number of cases. Antibody studies can be used to collect information on the … Read more

Wisconsin governor extends Safer at Home order; schools closed for rest of year

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The extension means public and private K-12 schools will be closed for the rest of the year. The governor is allowing some businesses and operations to allow increased service. This includes: • Public libraries: Public libraries may now provide curb-side pick-up of books and other library materials. • Golf Courses: Golf courses may open again, … Read more

The American people are choosing to maintain social distance and stay at home orders.

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by trevre Despite what politicians may argue, the majority of American people are choosing to maintain social distance and stay at home orders. CATO analysis – a great perspective indicating we need a real plan with concrete changes to address the virus before anything improves in the economy. https://www.cato.org/blog/who-will-reopen-economy-president-governors-or-people?fbclid=IwAR1vwx6nspdFp0ru5aEG8qafyJ_sdPBUO5Xvq1VUeNu9dzAuqOF6IG9vZgo I don’t understand how the economy could reopen … Read more

Husband and Wife Chicago Lawyers that worked with Barack Obama found dead under suspicious circumstances

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A husband and his wife, both lawyers, were found dead Monday night in their Chicago area home. Authorities discovered the bodies of Thomas Johnson, 69, and Leslie Jones, 67, at around 7:30 p.m. while conducting a welfare check at their Oak Park home. Police said that “preliminary information gathered at the scene indicates suspicious circumstances” … Read more

Pentagon Readying Force to Deploy in Streets of Washington, DC to Enforce Martial Law – Reports

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Department of Defence officials and civilian authorities have repeatedly played down fears that the US National Guard could be called in to enforce martial law in one or more jurisdictions of the United States in response to the coronavirus pandemic, dismissing claims to the contrary as “false” and akin to “conspiracy theories.” The Pentagon quietly … Read more

Australia: $1993 a month Canada: $1,433 a month Denmark: Up to $3,288 a month France: Up to $7,575 a month Germany: Up to $7,326.78 a month…

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Australia: $1993 a month Canada: $1,433 a month Denmark: Up to $3,288 a month France: Up to $7,575 a month Germany: Up to $7,326.78 a month Ireland: Up to $1793.44 a month UK: Up to $3,084 a month U.S.: $1,200 to last for 10 weeks Say, how much did those corporations get from the stimulus? … Read more

Big Declassification Begins – Documents from Senate Judiciary Committee – Including Bucket Five Documents and Less Redacted Carter Page FISA

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by sundance The Senate Judiciary Committee has just released a bunch of documents, some of which were on the original 2018 congressional request for declassification.  The documents are considerably interesting; perhaps even EXPLOSIVE. [Start Digging Here] The documents include more Papadopoulos transcripts from wired conversations with FBI confidential human source Stefan Halper; and also for the … Read more

Report: China Quietly Keeping Residences Quarantined Despite ‘Reopening’ Wuhan

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via breitbart A report at the Epoch Times on Tuesday said that despite the much-ballyhooed grand reopening of Wuhan, the city at the heart of the coronavirus pandemic, and the confident proclamations of Chinese officials that the virus has been all but exterminated, quarantines are being quietly reimposed on residential compounds as new infections spread. Thousands flooded out of Wuhan last week by … Read more

Morgan Stanley CEO predicts recession through 2021; predicts recovery will be “between a `U’ or ‘L’”

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https://www.cnbc.com/2020/04/16/morgan-stanley-ceo-gorman-says-coronavirus-recession-may-last-until-2021.html Morgan Stanley CEO James Gorman sees the coronavirus-induced global recession lasting for the entirety of this year and 2021. When asked about how a potential economic recovery expected in the second half of this year would take shape, Gorman said that while he hopes it will be a sharp “V” recovery, in reality it … Read more

Anyone else feeling abandoned?

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by 4helenmar I applied for the SBA EIDL and requested the advance. I applied for PPP. I applied (twice now) for my own states business loan assistance. I was quick to get everything done and in. I received the infamous email from the SBA last week. Credit pull on Sunday. Nothing else. No sudden cash … Read more

Why are equities booming? Maybe due to a shortage of unsafe assets?

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🇺🇸🦠📈Why are equities booming? Maybe due to a shortage of unsafe assets? Buybacks and M&A activity have massively outpaced gross equity issuance since 2010 – underpinning equity valuations due to scarcity, esp. with ongoing money creation And right now #moneyprintergoesbrrr! pic.twitter.com/4OwXOeIMVG — Martin Enlund ⚡️🦆🚁 (@enlundm) April 17, 2020 Nasdaq 100 Green YTD, EPS expectations … Read more

US companies in #China “haven’t been able to get [their] money out for 4 yrs. And now we’re being told that maybe you can’t get your supply chains out.”

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.@Jkylebass: For all joint ventures of US financial firms in #China, the chief Asian economist must be a member of the Communist Party. "Everything that gets written about the Chinese financial system is…through the lenses of the propagandists.” Watch: https://t.co/EMaBaQPsLs pic.twitter.com/1S4hf5WG5F — Jan Jekielek (@JanJekielek) April 17, 2020  

Yesterday’s debt levels will look like a joke in comparison to what is coming…

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Yesterday’s debt levels will look like a joke in comparison to what is coming…@tom_hoenig @pdacostahttps://t.co/bigNYBdFNO pic.twitter.com/i60YwMpokz — Real Vision (@RealVision) April 14, 2020 At the peak of Bernanke-era QE, the Fed was buying $120bn per month. In 2020 purchases are running at $70bn+ per day! @DeutscheBank via @SoberLook pic.twitter.com/wl6Xl35AiR — Adam Tooze (@adam_tooze) April 16, … Read more

Banks give 20 millions out of maximum 10, to a company that has 4500 employees over 500 employee limit. Big get bigger. Small gets shafted

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via WSJ Restaurant chain is among first to disclose SBA funds received under federal rescue package The owner of the high-end Ruth’s Chris Steak House chain is among the first public companies to disclose it has received a government-backed loan to keep people on its payroll. Ruth’s Hospitality Group Inc., a company with more than … Read more

Welcome to the LIQUIDITY TRAP BUBBLE!

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Banks are being conservative which might suggest that all of this is “priced in”. They’re borrowing like crazy with the Fed rate at 0.25% and they’re using that capital to pay down old, higher interest liabilities i.e. collectively, they’re handing it back to the Fed. None of that looks good or sounds good from a … Read more

Banks just continue to get crushed

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https://twitter.com/DonDraperClone/status/1250873599143088133 Wall Street banks are lending billions of dollars to desperate companies these days, like hotelier Marriott International and concert producer Live Nation Entertainment https://t.co/NB1hgPgQK6 — Bloomberg Markets (@markets) April 16, 2020 "A CEO who stands by their short-term targets that were set right before this virus hit, I don’t know what planet they’re on. … Read more