Broke: 60% can afford up to three months on savings; four-in-10 would sell their blood The financial crisis ravaging the nation as the coronavirus spreads is growing dire as people are tapping out their limited savings while waiting for stimulus checks from the IRS. A new survey of 1,000 people found that most have enough savings to … Read more
by Daedalus90 If you’ve lived within your means, planned accordingly, and produced things of value for society, the current American system doesn’t give a shit about you. If you built crappy cars, and paid unions too much. Bailout! If you issued stupid debt, and partook in extremely risky financial practices. Bailout! If you built planes which … Read more
by villagedesvaleurs We’re witnessing a macro historical pivot point in the making here lads and ladies. The money men/power brokers are literally crashing capitalism with no survivors in order to secure their own individual stores of wealth. The best thing for capital markets right now would be a massive plunge, as a market depression will … Read more
by focusedddd Ill make it short and sweet, I know you guys can barley read as it is. CCL, Rallies, yet 0 boats going out in 2020, but rallies cuz oil money buys 8%…fine. AAL, the most insolvent airline in the US, rallies, despite cutting almost 80% of flights with no end in sight. Fuck … Read more
by cjl6 tl;dr: Angry brown CEO calls out Donnie Pump & JPow for propping up markets, doesn’t matter cause they can’t hear him over the BRRRRR Article linked to interview: https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html Accidentally posted an older article before out of pure excitement after hearing this fucking ledge call out the fucked up shit going on within the … Read more
by quantize_me What is market manipulation? According to the SEC: Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; … Read more
by SpontaneousDisorder Taken from ZH https://www.zerohedge.com/personal-finance/shocking-17-million-americans-have-filed-unemployment-past-3-weeks Why does the stock market pop on this news like the last 2 times? SICK. Chart from bloomberg article https://archive.vn/UCyY2
Expensive markets face a new reality: lenders get skittish about jumbo loans. By Wolf Richter for WOLF STREET. It has been a sea change in no time. Banks and nonbanks – the “shadow banks” – are reducing mortgage lending and tightening up lending standards. Nonbanks, which include the largest mortgage lenders, are asking for a bailout because, as … Read more
by howmuch In 2016, then-candidate Donald Trump said on the campaign trail, “My plan includes a pledge to restore manufacturing in the United States.” Manufacturing has remained a major emphasis of Trump’s presidency, perhaps never more so than during the coronavirus pandemic, with the invoking of the Defense Production Act. So, what is the state of the … Read more
Nela Richardson, equity research investment strategist with Edward Jones, assesses this week’s bounce in U.S. equities and warns investors against assuming that the worst is over. https://www.marketwatch.com/video/marketbrief/edward-jones-strategist-were-not-near-the-bottom-yet/007ED448-B152-4DEB-99D9-7A7BEEA847F5.html
by Goku_ukoG Ok so a lot of you have to be sitting here wondering why the fuck this market refuses to go down, why your tendies are burnt, etc. Well I want to kind of try and take a second to explain how I see things here from a macro and micro, and why I … Read more
by settanitti First, There isn’t any good in being perma bears or bulls that is so stupid the only gang that you want to join is PRINTING GANG. Second, This is what I made today +1,193.36, you see how I only make 1 trade? I don’t see any entry point so I didn’t do anything all day, … Read more
Thoughts? Wall Street banks are warning investors to brace themselves for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March. The US benchmark S&P 500 index had jumped 2 per cent by lunchtime yesterday, placing it 20 per cent … Read more
A very EDUCATIONAL video that demonstrates how most of our self implemented “safety measures” many of us are employing in public are USELESS! WHY you ask? Just let this wonderful nurse demonstrate why! h/t FEH
World leaders must “behave” if they want to avoid a wave of new fatalities related to the coronavirus pandemic, the World Health Organization’s top official said in response to President Trump’s criticism of his performance. “We will have many body bags in front of us if we don’t behave,” WHO Director-General Tedros Adhanom Ghebreyesus told … Read more
Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American history, no basis for this investigation, what’s even more concerning is what happened after the campaign, a whole pattern of events… to sabotage the presidency” Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American … Read more
https://www.youtube.com/watch?v=m4jr0wkt7HY&feature=emb_title Crops rotting in fields. Dairy farmers incentivized to quit for good. Beef/pork processors shutting down. All by design. Spread the word and make sure everyone starts growing food, no matter how small scale — every bit helps.
NOTE: Report begins at 1:20. h/t DS
by Doug Casey There are a lot of questions people are asking themselves today. Among them: How serious is this economic downturn likely to be? How long will it last? How can it be ended? Whose fault is it? The answers to these questions being given by pundits, economists, money honeys, and politicians are, almost without … Read more
