Dianne Feinstein is pushing for Iran to receive $5 BILLION in funding from the United States to combat the Coronavirus. HELL NO! We should NOT give money to a country that chants “Death to America.” Who agrees? — Ryan Fournier (@RyanAFournier) April 10, 2020 Leading Democrat Dianne Feinstein insists this is the time for America … Read more
Bloomberg, Released on 4/9/20 Mohamed El-Erian, chief economic adviser at Allianz, says the Federal Reserve’s latest wave of stimulus shows that central banks around the world are “all in” when it comes to combating the economic fallout of the coronavirus pandemic. *This interview was recorded on April 8th Gary Wagner and Kerry Lutz speak for … Read more
The leader of the free world rambled about his “brilliant enemy” during a coronavirus briefing that lasted two hours and sixteen minutes. Allies of the White House had been quoted in the press urging President Donald Trump to keep his remarks short, but that advice has apparently been ignored “They develop drugs, like the antibiotics, … Read more
https://youtu.be/mLGIuS1CPzo After a viral video shows a man being dragged off a bus, SEPTA reverses its coronavirus face mask requirement by Patricia Madej, Updated: April 10, 2020- 5:23 PM SEPTA says it will no longer enforce a short-lived policy requiring riders to wear facial coverings after a widely shared video showing a man being dragged … Read more
via silverdoctors It’s not easy when people can’t see that President Trump is a Deep State Globalist in Patriot’s Clothing. Sometimes I wish I could just be a sheep. But such is life, and that I’m not. And so, well, once again. Nothing nice to say? Not a thing. Nope. No. Now, our totally not manipulated … Read more
https://twitter.com/greggers4usa/status/1248701382166798342 Even though we all expected it, John Solomon just confirmed, seconds ago on Sean Hannity’s radio show, that multiple DC Grand Jury subpoenas have been issued on behalf of US Atty John Durham. Dead Eyed Kevin Clinesmith ‘should be’ screwed. He’s the one who literally altered Carter Page’s email chain that was … Read more
by yolo2death For those retards that have been here since 2018, you’ll recall that I called for a V shape rebound in the December China growth scare sell off. I’m usually a big fat bull (see flair), but I have to be realistic given the landscape. The market will have a big pivot this … Read more
Authored by Lance Roberts via RealInvestmentAdvice.com, The first quarter was one for the record books. The fastest drawdown on record was immediately followed by the steepest recovery since the Great Depression. The wild swings sent investors’ heads spinning and were all the more unsettling because they came with virtually no warning. This turbulence didn’t just come … Read more
by David Haggith Today the bulls did it it again. This market remains deeply entrenched in denial, soaring even as unemployment soars higher toward the grand summits of the Great Depression and with certain knowledge that many jobs will not return. The U.S. stock market secured another strong advance on Thursday, despite an economic bombshell of … Read more
by spillerelite I don’t know if this actually the right way to look at it, so please feel free to tear this apart, but I keep hearing mention that this is “temporary unemployment” or “artificial” or whatever else since we are being forced to stay inside. And, that as soon as this thing is over, … Read more
https://www.kitco.com/news/2020-04-10/U-S-CPI-falls-more-than-expected-in-March.html Even with the Fed printing money we still can’t seem to get inflation. It appears this drop was due to low oil prices and the oil price war. The report noted that the drop in inflation last month was the sharpest since decline since January 2015. For the year inflation is up 1.5%. The … Read more
S&P 500: $SPX 2008 VS 2020 COMPARISON. We see a near identical setup now in a three wave bear market as in 2008. Began wave 1 bottoming on a strong daily reversal leading to CTR 1. Then wave 2 bottom with DEEP RED candle stick and BIGGER CTR. Now in wave 3, the FINAL WASHOUT. … Read more
by NomBok You are probably wondering why the stock market has had any rallies at all, let alone ones this big, considering how bad things are looking. And obviously no one can tell exactly where the market should/shouldn’t be. Nothing really makes sense now. But here are just some things to consider. First, the … Read more
WSJ Editorial Board: Fed "putting Wall St. ahead of companies across middle America." "Fed is protecting Wall St first." "Employing political discretion&picking winners & losers." Thought 2008 bailouts were bad? This looks to be worse. Fed's outta control https://t.co/z629cqoVQm — fred hickey (@htsfhickey) April 10, 2020 https://twitter.com/QTRResearch/status/1248724251269529600 🤔🤦♂️"The Facility will leverage its equity at 7 … Read more
Did Powell just say the consumer will “regain” confidence??? Folks, consumer confidence was already near its peak as of the latest report. pic.twitter.com/pnbubp88UO — Otavio (Tavi) Costa (@TaviCosta) April 9, 2020
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