Russia Hints At Oil Deal, Prices Fall Anyway

by informedamerican Oil prices rallied the most in history last week, but the 40%-plus gains only lifted prices from just under $20 to near $30.  That’s not going to make anyone in Texas or North Dakota feel better.  U.S. shale producers need oil prices over $50 to be comfortable, and even at that level they don’t … Read more

Denmark Takes Lead on Reopening After Virus

by informedamerican Most Western nations are locked up tight as drums during the coronavirus scare, but several Nordic countries are charting a different course.  Sweden took the rational approach, asking those at risk to remain under self-quarantine and for the rest of the population to pay attention to social distancing.  They figured the virus would spread … Read more

Don’t listen to the charlatans. You can’t time the market.

by Mac-Bomaco Here are the headlines (in-order) from MarketWatch.com this morning: Barron’s on MarketWatch: Economic damage can’t be reversed, and stocks will resume decline, says stratigist Jim Rogers: Worst is yet to come for U.S. markets Last month Bill Ackman said ‘hell is coming.’ Now he’s ‘optimistic.’ Market bottom or ‘very tough times ahead’? Here’s what one chart watcher is … Read more

Default on margin loan called in by Goldman on Luckin shares

The CEO and Chairman are having shares called in. “Following the occurrence of a default by Haode Investment Inc. (the “Borrower”), a shareholder of Luckin Coffee Inc. (the “Company”) (NASDAQ: LK), under a US$ 518 million margin loan facility (the “Facility”), a syndicate of lenders, as secured parties under the Facility (the “Lenders”), has instructed … Read more

Seeing way too many people treating this market as a run or the mill sell off, the likes of which we have seen regularly 2009-2019…

Seeing way too many people treating this market as a run or the mill sell off, the likes of which we have seen regularly 2009-2019.. and assuming that policy action = buy the dip 1/ — Igor Shatz (@Copernicus2013) April 6, 2020 JAMIE DIMON WARNS: We’re getting a ‘bad recession’ plus ‘financial stress’ like the … Read more

WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments…..YOUR 1200 Bucks MINUS PAY PALS FEES

Paypal seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus payments to every adult American who earns under $75,000 per year and $500 for each child and thus have started a campaign of buttering up the public and politicians in allowing PAYPAL access to YOUR … Read more

AMAZON faces another NYC warehouse strike… Dozens of workers test positive… Meat Plants Hit as Workers Get Sick

Amazon faces another NYC warehouse strike as dozens of workers have coronavirus Amazon’s Staten Island warehouse on Monday was hit with its second labor protest since the coronavirus outbreak began. Some 50 workers gathered outside the Bloomfield distribution center, called JFK8, to protest the company’s handling of the virus amid complaints that 25 people there … Read more

Russia, Saudi Arabia, ‘Very Close’ To Reaching Oil Output Deal

By Tsvetana Paraskova Saudi Arabia and Russia are “very, very close” to reaching an agreement on how to react to the low oil prices, Kirill Dmitriev, chief executive at Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), told CNBC on Monday. “I think the whole market understands that this deal is important and it will bring … Read more

Germans will be fined £440 for STANDING too close to each other

by DCG The bureaucrats have gone insane. From Daily Mail: Germans risk being fined up to 500 euros (£440) for standing too close to each other from today as officials crack down on people flouting rules brought in to control coronavirus. Chancellor Angela Merkel’s government has ordered people not to leave their homes unless they have an exceptional … Read more

Cat 5 Hitting Vanuatu!

Tropical Cyclone Harold Hammers Vanuatu as a Category 5 and Will Pass Near Fiji and Tonga This Week Tropical Cyclone Harold became a Category 5 beast as it carved through Vanuatu. Destructive winds, flooding rain and storm-surge flooding have likely impacted parts of Vanuatu. Harold was only the fifth Category 5 cyclone to track near … Read more

Chinese propaganda on Twitter

You may have noticed aggressive tweets from me tonight about the Chinese Communist Party. It was a test to draw attention from new CCP propaganda accounts and it worked. Check these accounts: all replying in unison, all new accounts, few followers. Will @Jack look into this? pic.twitter.com/G03LKHHrVH — Robby Starbuck (@robbystarbuck) April 5, 2020

US condemns China’s sinking of a Vietnamese fishing boat that was in blatant violation of international law.

by NineteenEighty9 https://twitter.com/statedeptspox/status/1247147129665204233?s=21 South China Sea The American equivalent of China’s “9 dash line”. This is why arbitrary territorial grabs like the one the PRC is attempting in the South China Sea are illegal and against international law. China illegally claims large parts of the South China Sea. By that logic America should be able … Read more