I will be most likely be bankrupt within 3 months
I own a contract tech-services company. Fifty-eight fulltime employees with 379 contractors, the average tenure of which have worked with our company about eight years (very good for this industry). Revenue is down 82% from two months ago. I have put every penny of my wealth back into the company and the corp. credit lines … Read more
Michael Markowski: Difference Between Market Corrections & Crashes
by Guest Author Due to my recent findings from researching the empirical data of prior market crashes since 1901, investors in the future will be able to distinguish a crash from a correction. All crashes and corrections can now be measured and categorized. The chart below for the NASDAQ from 2000 to 2020 depicts: 2000 … Read more
US Stock Market Surges Again, Up Nearly 30% From March 23rd Low!
(by Half Dollar) This morning started out full of doom and gloom. Check out Fox News channeling the spirits of Orwell while turning the “Hannity” logo into something that looks like some sort of attempt to bring back the show American Gladiators, and if the super-scary digital map of the United States in any indication, the … Read more
Canada’s Beleaguered Oil Firms See Funding Costs Soar
By Tsvetana Paraskova One of Canada’s largest oil firms, Suncor Energy, has just announced the issue of new bonds, for which it had to pay triple the borrowing costs that it did for a similar debt issuance last year—a sign that funding costs for energy companies in Canada are surging as the price of Canadian oil collapses … Read more
The Elites Are Already Prepared for the Coming Collapse of the Dollar Bubble
Photo by Wikimedia.org| CC BY | Photoshopped From Brandon Smith Today, stock market investors are hoping desperately for Weimar-style hyperinflation to boost equities prices to dizzying heights in what some call a “crack-up boom”. In terms of money creation, we are not there yet, but such levels of fiat printing could happen within the next year. Unfortunately for investors, … Read more
4th US aircraft carrier hit with coronavirus
A sailor aboard the USS Nimitz tested positive for coronavirus, marking the fourth U.S. aircraft carriers with sailors affected by the virus. The sailor tested positive for coronavirus last week, according to three defense officials who spoke to Politico. Another sailor assigned to the aircraft carrier also reportedly tested positive with coronavirus, though they were not aboard … Read more
Harvey Organ: At The Gold Comex, Almost 84 Tonnes Is Standing For The Month For Delivery!
This exceeds the previous record by almost 100%… by Harvey Organ of Harvey Organ Blog APRIL 7A//GOLD UP SLIGHTLY AT 30 CENTS TO $1650.60//SILVER UP 26 CENTS TO 15.11//AT THE GOLD COMEX ALMOST 84 TONNES IS STANDING FOR THE MONTH FOR DELIVERY: EXCEEDS PREVIOUS RECORD BY ALMOST 100%//THE ECB FOR THE FIRST TIME ACCEPTING GREEK DEBT..MUST NEED FOR … Read more
Volume Now vs Past – The fastest 20% drawdown in history had a lower volume than events like the 2008 crisis.
by -TiredOfAllThisShit- I know volume is somewhat irrelevant for our analysis but every time I open a chart on a stock, I realise the stock’s volume is not at all comparable to what it was verified in the financial crisis. Obviously we are still in early stages and we don’t know how severe this year … Read more
Is JPMorgan expecting a wave of defaults to hit America in the coming days?
via Zerohedge: With America’s small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US bank, JPMorgan Chase has been inundated with more than 375,000 requests for $40bn of loans under the $350bn small business rescue scheme, a higher number … Read more
The Worst Bank Collapse In History: American, European & UK banks Are On The Blink Of Collapse
https://www.youtube.com/watch?v=ZhIRaU3MFuM Bank runs and bank failures is the new reality in many countries as credit crunch is becoming a challenge within this world economic collapse. Some of the biggest banks in the United States, UK, Europe and all over the world have find themselves in an economic storm that is bigger than the 2008 bank … Read more
CNN’s Jake Tapper Attacks Trump But There’s Just One MAJOR Problem With his Argument
https://www.youtube.com/watch?v=ofjMzM8PceM Nick Arama from RedState reports, CNN really takes the cake. That animosity toward President Donald Trump throughout his time in office has been shameful. CNN has even continued to place that narrative over informing the American public in the middle of a crisis, refusing to cover the full Trump briefings on the virus response … Read more
Heartwarming! Hospital Workers Pause To Clap in Appreciation for the Cleaning Crew at the Hospital
https://www.youtube.com/watch?v=aLhHPjdUcPQ Amanda Thomason from The Western Journal reports, Those of us who don’t perform “essential” jobs that require us to still be out in public right now can’t fully understand the feeling the essential workers have as they head to work, knowing that today might be the day they expose themselves to CV. Read More/Source/Credit/FairUse: … Read more
Coronavirus: Toronto recalls $200K worth of ‘poor quality’ masks distributed to long-term care homes. Masks were made in China from an unknown vendor.
City of Toronto staff say approximately $200,000 worth of surgical face masks distributed to the City’s long-term care homes in response to the coronavirus pandemic are being recalled, citing “poor quality.” In a statement released Tuesday afternoon, City staff said 1,252 boxes containing 50 masks per box — a total of 62,600 masks — were distributed to the … Read more
Megaphone 20-Year Support Holding, Dow Experiences Historic Rally!
by Chris Kimble Should investors be surprised by the strong rally over the past couple of weeks? Not if one is aware of this giant megaphone pattern, that was first highlighted on 11/24/17! This chart looks at the Dow Jones Industrials on a monthly basis, reflecting it has remained inside of the 70-year rising channel (1). It hit … Read more
Downward earnings revisions have only just begun, Lori Calvasina of RBC Capital Markets tells
Downward earnings revisions have only just begun, Lori Calvasina of RBC Capital Markets tells @FerroTV https://t.co/20NQ8vtFro pic.twitter.com/S7ms6XbeBD — Bloomberg TV (@BloombergTV) April 8, 2020
Will this be like 1929, 1987, 2008, all of the above, or none?
The amount of money pumped into the global financial system in the past couple months has been historic to say the least. There has been no indication that this will stop. It can’t. Many retail investors have begun to buy the dip and join the cheerleading squad. Of course today, retail investors have missed one … Read more
Don’t Be Fooled, These Kinds of Moves Only Happen During BEAR Markets. Warning: The Bear Market Bounce Might Be Ending
by The Phoenix Let’s focus on price. The S&P 500 has clearly broken its downtrend (red lines). It is now bouncing in an uptrend (blue lines). The issue is whether it can continue to do so or if another leg down is coming. I have no idea which outcome will occur. No one does. So, we … Read more
Saudi Arabia Sends Wave Of Supertankers To U.S. Ahead Of Oil Meeting
By Tsvetana Paraskova The world’s top oil exporter, Saudi Arabia, is making good on its promise to flood the world with oil even as demand collapses, with a surge in tankers carrying Saudi crude to the United States, tanker-tracking data compiled by Bloomberg showed on Wednesday. Last month, when Saudi Arabia pledged to flood the markets with … Read more
If you are a small business owner or independent contractor you are f*cked.
NO UNEMPLOYMENT NO DISASTER ASSISTANCE NOTHING Except that sharp stick up your ass. Showed up at the unemployment office at 6 am and there was already a line around the building. So after waiting 3 hours and telling a 300 lb lard ass that she would suffer a major ass whooping for trying to cut … Read more