Broke Americans consider selling blood, sperm… Farmers Dump Milk, Break Eggs as Restaurant Closings Destroy Demand

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Broke: 60% can afford up to three months on savings; four-in-10 would sell their blood The financial crisis ravaging the nation as the coronavirus spreads is growing dire as people are tapping out their limited savings while waiting for stimulus checks from the IRS. A new survey of 1,000 people found that most have enough savings to … Read more

Attention: If you produce anything of value, f*ck you.

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by Daedalus90   If you’ve lived within your means, planned accordingly, and produced things of value for society, the current American system doesn’t give a shit about you. If you built crappy cars, and paid unions too much. Bailout! If you issued stupid debt, and partook in extremely risky financial practices. Bailout! If you built planes which … Read more

The End of Capital Markets?

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by villagedesvaleurs We’re witnessing a macro historical pivot point in the making here lads and ladies. The money men/power brokers are literally crashing capitalism with no survivors in order to secure their own individual stores of wealth. The best thing for capital markets right now would be a massive plunge, as a market depression will … Read more

This Market Is Beyond Manipulated

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by focusedddd Ill make it short and sweet, I know you guys can barley read as it is. CCL, Rallies, yet 0 boats going out in 2020, but rallies cuz oil money buys 8%…fine. AAL, the most insolvent airline in the US, rallies, despite cutting almost 80% of flights with no end in sight. Fuck … Read more

Chamath Palihapitiya (chairman of SPCE) Interview on CNBC, Tears Apart CNBC Analysts Defending the Bailout of Hedge funds and Billionaires (Full Audio Included)

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by cjl6 tl;dr: Angry brown CEO calls out Donnie Pump & JPow for propping up markets, doesn’t matter cause they can’t hear him over the BRRRRR Article linked to interview: https://www.cnbc.com/2020/04/09/chamath-palihapitiya-us-needs-to-let-hedge-funds-billionaires-fail.html Accidentally posted an older article before out of pure excitement after hearing this fucking ledge call out the fucked up shit going on within the … Read more

Recover your losses by reporting JPow’s market manipulation to the SEC

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by quantize_me What is market manipulation? According to the SEC: Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; … Read more

Continuing Jobless Claims Hit Record after another 6.6 Million Jobless Claims for a 3-Week Total of 16.78 Million; Demand Freefall – US Oil Consumption Lowest in Over 30 Years

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by SpontaneousDisorder Taken from ZH https://www.zerohedge.com/personal-finance/shocking-17-million-americans-have-filed-unemployment-past-3-weeks Why does the stock market pop on this news like the last 2 times? SICK. Chart from bloomberg article https://archive.vn/UCyY2  

Week 3: How Lockdowns Impact Housing & Mortgage Markets

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Expensive markets face a new reality: lenders get skittish about jumbo loans. By Wolf Richter for WOLF STREET. It has been a sea change in no time. Banks and nonbanks – the “shadow banks” – are reducing mortgage lending and tightening up lending standards. Nonbanks, which include the largest mortgage lenders, are asking for a bailout because, as … Read more

Mapped: China’s Manufacturing Superpower vs. the World

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by howmuch In 2016, then-candidate Donald Trump said on the campaign trail, “My plan includes a pledge to restore manufacturing in the United States.” Manufacturing has remained a major emphasis of Trump’s presidency, perhaps never more so than during the coronavirus pandemic, with the invoking of the Defense Production Act. So, what is the state of the … Read more

Edward Jones Strategist: We’re Not Near the Bottom Yet

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Nela Richardson, equity research investment strategist with Edward Jones, assesses this week’s bounce in U.S. equities and warns investors against assuming that the worst is over. https://www.marketwatch.com/video/marketbrief/edward-jones-strategist-were-not-near-the-bottom-yet/007ED448-B152-4DEB-99D9-7A7BEEA847F5.html

The “Rug Pull” is coming….

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by Goku_ukoG Ok so a lot of you have to be sitting here wondering why the fuck this market refuses to go down, why your tendies are burnt, etc. Well I want to kind of try and take a second to explain how I see things here from a macro and micro, and why I … Read more

Wanna make some money? Read this!

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by settanitti First, There isn’t any good in being perma bears or bulls that is so stupid the only gang that you want to join is PRINTING GANG. Second, This is what I made today +1,193.36, you see how I only make 1 trade? I don’t see any entry point so I didn’t do anything all day, … Read more

FT: Wall Street urges caution as bullish investors rush into recovery bets… IMF predicts coronavirus pandemic will trigger worst global recession since the Great Depression in the 1930s

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Thoughts? Wall Street banks are warning investors to brace themselves for a new wave of declines in global markets after stocks rushed back towards a bull market from the ugly falls driven by coronavirus in March. The US benchmark S&P 500 index had jumped 2 per cent by lunchtime yesterday, placing it 20 per cent … Read more

World Health Organization chief response to Trump: ‘Behave’

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World leaders must “behave” if they want to avoid a wave of new fatalities related to the coronavirus pandemic, the World Health Organization’s top official said in response to President Trump’s criticism of his performance. “We will have many body bags in front of us if we don’t behave,” WHO Director-General Tedros Adhanom Ghebreyesus told … Read more

Attorney General Barr: What Happened to Trump is One of Greatest Travesties in US History

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Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American history, no basis for this investigation, what’s even more concerning is what happened after the campaign, a whole pattern of events… to sabotage the presidency” Wow! AG Barr: “What happened to POTUS was one of the greatest travesties in American … Read more