by jok178 Thur/Friday Brent jumped from 22 to 30.5 thanks to Trumps tweets about fixing the crisis with an OPEC meeting. Here is what we know: -Oil supply is expected to beat demand by 30mbd (million barrels per day) in April -Trump wants Saudi and Russia to cut 10mbd -If Saudi and Russia cut 10mbd … Read more
https://twitter.com/sendtomatteo261/status/1246187290906570752 Liquidity matters, even in the crisis! S&P 500 has dropped >2% this week in tandem w/ global money supply. pic.twitter.com/tZAQa6Zl5z — Holger Zschaepitz (@Schuldensuehner) April 4, 2020 Severe Recession May Cause Additional Pain For Stock Market Investors Details and Charts: https://t.co/yZqkThgmhm$GLD $TLT $SPY $IEF $VGT $AGG $QQQ $GDX $VIX $EEM $VEA $EFA $IWM $XLF … Read more
“Today’s news is outrageous,” Scheer said in a written statement. “Justin Trudeau needs to explain why he sent 50,118 face shields, 1,101 masks, 1,820 goggles, 36,425 medical coveralls, 200,000 nitrile gloves and 3,000 aprons from Canada’s own government reserves overseas in February.” While Health Canada wouldn’t say what remains in national stockpiles of personal protective … Read more
“China has won a seat on a panel on the controversial U.N. Human Rights Council, where it will help vet candidates for important posts — despite its decades-long record of systematic human rights abuse that the U.S. has said fueled the coronavirus pandemic.” https://www.foxnews.com/world/china-un-human-rights-council-coronavirus-response
via nationalreview They’re better, cheaper, and safer than reusable cloth bags. Liberals hate that. Single-use plastic bags are a miracle of modern technology. Cheap, light, convenient, and ubiquitous, they provide an elegant solution to a problem. If you recycle them, as most people do, and put your rubbish in them, that creates a net reduction in carbon … Read more
President Donald Trump on Friday denounced the idea of mail voting, saying that it was a way for people to cheat.
from Russia Insider: Now if Washington wants to keep this it will have to sanction Russia itself. In the past weeks the Kremlin has shown it’s willing to punch back as well as take drastic necessary defensive action in the face of Washington sanctions at a moment America is preoccupied and made more vulnerable by the coronavirus threat — first … Read more
Iran also deployed other anti ship systems, anti air systems, and missiles that can reach Saudis and other gulf states. Iran has tech and guidance from Russia and China, the right place to test their carrier killers Iran is ready to confront any US/Israeli aggression. Deployment of missile launchers on Qeshm Island overlooking strait of … Read more
Horrifying video shows a coronavirus-stricken man spit in the face of another traveler in Thailand before boarding a train and dropping dead. Anan Sahoh, 56, tested positive for the virus after he was discovered dead Tuesday on the train from Bangkok to the southern city of Narathiwat, Metro UK reported. Before embarking on the journey, Sahoh … Read more
2:30 EST, time subject to change
by sundance Things are getting interesting, potential ramifications are growing, as the FISA Court responds to the latest information from the DOJ Office of Inspector General (OIG). After a review of 29 FISA applications, from eight FBI field offices, the OIG informed the FBI and DOJ that none of the surveillance applications were compliant with the Woods procedures. … Read more
The world has changed https://t.co/imddmTeD9D — IZ (@siddiqui71) April 4, 2020
https://twitter.com/linzcom/status/1246266884145565696
https://www.cnbc.com/2020/04/03/bank-of-americas-small-business-loan-portal-is-up-making-it-the-first-bank-to-accept-applications.html Bank of America recieves request for SBA loans worth 6 Billion in first half day. If we assume 1% fees (which varies between 5%-1%), BAC will earn at least 60m in first day. Bank of America said that about half way through its first day administering a small business relief program, more than 58,000 … Read more
by HowGreatAreYourDanes Mortgage Servicing Crisis – Chapter 2 – Forbearances I submitted a post last week summarizing some issues in the mortgage industry. It was a long article from Barry Habib with some insight/conclusions. I’m writing this to add to that post with some additional info about what’s going on in the industry and how … Read more
As many as 205 million Chinese workers cannot find jobs or are unable to return to their previous posts, according to one analyst Debate over China’s unemployment reality amid coronavirus heats up, with holes picked in official government statistics https://www.scmp.com/economy/china-economy/article/3078251/coronavirus-chinas-unemployment-crisis-mounts-nobody-knows
by hanudu Someone took advantage of the pop in the stock and paid $0.44 for 631 of the June 2022 $5 strike puts The stock is trading around 500. Risking $0.44 to make $4.56, so getting more than than 10 to 1. This might be someone that is long TSLA bonds or has some other … Read more
Number of “fallen angels” has risen as rating & subsequent downgrade activity has picked up; & in @MoodysInvSvc worst-case scenario, default rate could spike above 20% (past GFC levels) @Reuters @SPGlobal pic.twitter.com/6d39olHH0W — Liz Ann Sonders (@LizAnnSonders) April 3, 2020 Sure is interesting how all those BBBs have maintined their investment grade ratings with Fitch … Read more
via MN Gordon “The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath Mass Dollar Debasement The monster of all monsters is rampaging far and wide. The Federal Reserve, the central bank responsible for issuing U.S. legal tender notes, … Read more
CNBC’s “Halftime Report” is joined by Richard Fisher, former president of the Dallas Federal Reserve, to discuss his outlook for the U.S. economy.