While everyone is watching the meltdown in the crude oil market, the global market for natural gas is also cratering.

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By Nick Cunningham of Oilprice.com: At least 20 cargoes of U.S. liquefied natural gas (LNG) have been cancelled by buyers in Asia and Europe, according to Reuters. The global pandemic and the unfolding economic crisis have slashed demand for gas worldwide. Cheniere Energy, one of the main exporters of U.S. LNG, has seen an estimated 10 cargoes … Read more

BAGHDAD BOB CALLED, AND SAID THE POLITICO MIGHT WANT TO TONE DOWN THE PROPAGANDA A NOTCH OR TEN:

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In Lansing, you cannot find anyone, Republican or Democrat, on the record or off, who does not admire the skills of the state’s 49th governor. Moreover, just about everyone likes her. She is genuine, secure, quick to give a hug or share a dirty joke. https://t.co/0YDMzd0Yl7 — POLITICO (@politico) April 25, 2020 Presumably, the worshipful … Read more

Era of Big Government Is Back! Pelosi considering ‘guaranteed income’… Backlash grows as relief stumbles

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Era of Big Government Is Back! History shows that big national shocks have a way of changing the role of government in lasting ways—and any shock as big as the coronavirus pandemic inevitably will alter political life and philosophies in America. The crisis has been not just a public-health emergency requiring a sweeping response, but also … Read more

15 Uniformed Officers From 4 Different Law Enforcement Agencies Rush to Target Restaurant Owner

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For Violating Maryland’s Lockdown Order Maryland State Police spox Greg Shipley told the Cecil Daily, “The investigation indicated the restaurant was selling ‘to go’ food and drink orders, but some of that food and drink was being consumed on the premises. The crowd dispersed and those who remained were determined to be waiting for carryout … Read more

China Warns Australia: Drop Coronavirus Probe or Pay an Economic Price

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The Australian government’s call for China to explain its bungled handling of the deadly coronavirus pandemic could spark a boycott by Chinese consumers, who may no longer travel and study in Australia or buy major exports including beef and wine. The ambassador said Australia’s inquiry push was “dangerous” and destined to fail, adding to previous … Read more

PELOSI: Suffers Brain Freeze, Stutters, Forgets California Governor’s Name, Calls GOP Leader Kevin McCarthy “Mitchell”

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https://www.youtube.com/watch?v=N3rnas8g6ow&feature=emb_title #NancyPelosi and #JakeTapper have an irritable exchange this morning on #CNN’s #SOTU. I think #Pelosi was trying to do her best impression of #SleepyJoe by bumbling over her own words. Why is she angry so often lately? Did her fancy ice cream melt? 🍨 Doesn’t seem like she’s winning much politically lately, and she … Read more

VIRUS PANIC ON PACKED PLANE

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TONIGHT AT 11: I speak to Erin Strine who shared this video of her nearly full flight from JFK to CLT. I'm asking American Airlines how they are keeping passengers safe when a flight is too full for social distancing @WBTV_News #Covid_19 pic.twitter.com/T2ugpboaud — Caroline Hicks (@CarolineHicksTV) April 27, 2020 CHARLOTTE, N.C. (WBTV) – Air … Read more

Lawrence Lepard: Global Margin Call For A Leveraged World

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BY JOHN RUBINO Lawrence Lepard, managing partner with Equity Management Associates, just published a quarterly report in which he explains — among many other things — why current US policy has created a “doom loop” and “a gold opportunity.” Here’s the summary page. For a PDF copy of the full 36-page report, email Lawrence at llepard@ema2.com … Read more

Looks like the up move stalled back around Apr 10th and since has been doing a reset and now terminal attempt higher that should fail.

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https://twitter.com/PuffDragon11/status/1254802375363051521 42% of CFOs have no contingency plans for 2nd wave of COVID-19 – Gartner — Sam Ro 📈 (@SamRo) April 27, 2020 pic.twitter.com/1lCC2IADmg — The Macro Pulse (@TheMacroPulse) April 27, 2020 Since 2016, a near doubling of share concentration for the top 5 S&P 500 companies’ market cap. YS #DriehausAlts pic.twitter.com/pTTSUa0yTE — Driehaus Capital … Read more

CARES Act May Actually Delay The Recovery

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by Jeff Marcus The federal government is doing everything it can do to deal with an unprecedented and frightening period in the nation’s history. It has rolled out programs that will relieve financial burdens on individuals and companies, spur investment, and incentivize employers to keep employees on the job. One relief package in the CARES arsenal … Read more

Bank of Japan set for unlimited money printing. What could possibly go wrong?

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Bank of Japan set for unlimited money printing. What could possibly go wrong? Sadly, when, as the first observer, I recommended the Bank of Japan "switch on the presses" in 1995 (Asian Wall Street Journal) they wouldn't listen. Last time I met Mr Kurodahttps://t.co/I8GAUPqclS — Richard Werner (@scientificecon) April 27, 2020 Japan, the poster child … Read more

Public Sentiment on Coronavirus DD

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by JIGSAWPUZZLESRULE Kind of a silly way to evaluate things but there may be some insights to glean. 538 has been tracking polls regarding public sentiment on coronavirus since March Obviously concern has escalated and right now we are at around 1/3 of Americans are ‘very concerned’, 38% are ‘somewhat concerned’, and 28% are ‘not … Read more

adidas EPS – 96% drop from 3.17 to 0.13

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by finca3eo Key Points: Quarter revenue drops 19% Net Income declines 97% to 20Mil Operating margin down 1.4% 2020 Outlook: Negative Operating Profit and 40% decline in sales. Adidas maintains 1.975B on its balance sheet Stock rallied 4% https://www.adidas-group.com/media/filer_public/dc/77/dc776afe-d148-4e5b-a0a5-169c564d1b46/adidasag_q12020results_final_en.pdf https://www.adidas-group.com/media/filer_public/6e/6a/6e6a09d6-adb0-4050-82f5-a050277822c5/fact_sheet_q1_2020_en.pdf  

Reuters: Russia is considering resorting to burning its oil to take it off the market, Continental Resources Inc abruptly shutting wells in Oklahoma and North Dakota

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https://www.reuters.com/article/us-global-oil-turmoil/when-oil-became-waste-a-week-of-turmoil-for-crude-and-more-pain-to-come-idUSKCN228059 In Russia, one of the world’s top producers, the industry is considering resorting to burning its oil to take it off the market, sources told Reuters. U.S. billionaire Harold Hamm’s Continental Resources Inc sent servicers out into fields in Oklahoma and North Dakota in the middle of the week to abruptly shut wells, and … Read more

Fed to Suspend Six-Withdrawal Limit on Transfers from Savings Accounts – As of April 24, 2020

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The Federal Reserve announced today that it would provide relief from the six-per-month limit on transfers or withdrawals from savings accounts under Regulation D, effective immediately. This action—advocated by the American Bankers Association—is intended to grant more flexibility to consumers to access their savings deposits at a time when many are facing financial hardships due to the … Read more

Nancy Antoinette says the China travel ban was not effective. Does this mean her plan of open borders and no restrictions on visas and green cards would have been the better answer according to her?

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Watch the latest video at foxnews.com House Speaker Nancy Pelosi, D-Calif., argued Sunday the travel ban President Trump has boasted as a major move in stemming the outbreak of the coronavirus pandemic in the U.S. was actually not as effective as the White House says. “Actually tens of thousands of people were allowed in from China, it wasn’t as it … Read more