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by Irina Slav Tankers carrying some 20 million barrels of crude oil are idling off the coast of California as onshore storage space runs out and the level of supply remains excessively high. Bloomberg reported that the tankers, which carry enough oil to satisfy a quarter of global oil demand, are scattered along the coast from Long … Read more
Colleges block over 1,800 unique terms on their social media pages Secret filters automatically remove comments mentioning political figures, corporate partners, sports teams, faculty members, and even an emoji 87% of colleges block users on Facebook or Twitter Administrators abuse social platform tools to quietly censor posts and users — transforming their pages from public … Read more
“Winslow police released body camera footage of them citing a man for keeping a non-essential business open during the pandemic.” AC
Speaking at a “virtual summit” of G20 leaders on Tuesday, Chinese dictator Xi Jinping gave a speech stressing the “shared future” of humanity and demanding leadership in the “global war” against the Wuhan coronavirus. Needless to say, Xi’s speech did not address the origins of the virus or the Chinese Communist Party’s (CCP) role in … Read more
* #Iran launches its first ever military satellite: #Noor. * @realDonaldTrump orders the targeting of all IRGC vessels that harass regional US Navy assets. * Regime threatens stronger attacks than on Ayn al Assad if ships are targeted. Past 24 Hours in US-Iranian Relations: * #Iran launches its first ever military satellite: #Noor. * @realDonaldTrump … Read more
by tinkerprophet IMO, trading options have similarities to playing poker and in order to be successful in the long run you need to be disciplined and refrain from making common mistakes. I’m going to list common mistakes and some tips here. Please suggest more. Hope we all lose less tendies! Refrain to trade low volume … Read more
“on April 7, RCSH Operations LLC, the parent company of Ruth’s Chris Steak House, received a loan of $10 million. JPMorgan Chase & Co., acting as the lender, took a $100,000 fee on the one-time transaction for which it assumed no risk and could pass through with fewer requirements than for a regular loan.” https://www.npr.org/2020/04/22/840678984/small-business-rescue-earned-banks-10-billion-in-fees
Only 6% of smaller customers got paycheck-protection loans Most of Chase’s larger commercial clients got small-biz loans JPMorgan Chase & Co. provided loans to virtually all of its commercial banking customers that sought financing through the small business relief program, while the lender’s smallest customers were almost entirely shut out, according to data disclosed by the bank. … Read more
https://twitter.com/stoolpresidente/status/1253054627647557635?s=21
A Nebraskan farmer asked members of a pro-fracking oil and gas committee if they would drink water that was tainted by fracking wastewater. pic.twitter.com/E28mvNiKPM — Ninja Economics (@NinjaEconomics) April 22, 2020 A Nebraskan farmer asked members of a pro-fracking oil and gas committee if they would drink water that was tainted by fracking wastewater. pic.twitter.com/E28mvNiKPM … Read more
Legendary financial and geopolitical cycle analyst Martin Armstrong says the President has the power to reopen the entire country. Armstrong explains, “He doesn’t want to use it, but he actually has the power to open up the entire country. I wrote a piece on this, and it’s called the Commerce Clause (in the U.S. Constitution) … Read more
https://twitter.com/hks55/status/1253035801090367495 https://twitter.com/hks55/status/1253030587323072516 https://twitter.com/hks55/status/1253047332616253440 Dow Jones: This is your captain speaking… Landing gear has failed and we are running on fumes ..Assume crash position pic.twitter.com/E7s53q7FoW — The Great Martis (@great_martis) April 22, 2020 As it stands, 84% of global PMIs are in contraction w/ 43% of US industries reporting negative EPS growth YoY. In ‘01 & … Read more
Argentina 🇦🇷 is defaulting today on the bonds it issued to get out of the 2016 default. You cannot make this up. pic.twitter.com/keMnDewWRu — Daniel Lacalle Official Account (@dlacalle_IA) April 22, 2020
by jessefelder It’s been three years since I made the trek up to Seattle to interview celebrated short seller Bill Fleckenstein on the topics of, “Central Bankers, Financial Bubbles and White Burgundy.” With a global pandemic now threatening to burst these bubbles, forcing central bankers into even more extreme monetary policies, I thought it was … Read more
Axios qualifies for small-business loan amid pandemic News site Axios announced Wednesday that it had qualified for a small-business loan as part of the economic stimulus passed amid the coronavirus outbreak. In a blog post, editor Jim VandeHei indicated that the company was suffering financially because of the hit to its events business and the hit to advertising … Read more
It wasn't because of lack of warnings!!! Credit Suisse is telling clients of super-leveraged bullish oil ETF that they are going to lose all their investment | #OOTT pic.twitter.com/hqA5CqfcHJ — Javier Blas (@JavierBlas) April 22, 2020
by DaGhostOfMarx This should be obvious to anyone who hasn’t been living under a rock, but given the mass influx of Robinhood and other retail into $USO in recent days, it apparently isn’t. What $USO Is and Isn’t United States Oil is not a bet on the price of oil, just like VIX ETFs (UVXY, TVIX) are … Read more
The thesis that MMT is only limited by inflation is flawed. It ignores asset bubbles. It ignore system rigged toward Top 40%. If Top 40% get spoils, inflation never rises b/c they save/hoard it. Look at monetary velocity. USA needs major reforms. Not endless debt into this system pic.twitter.com/UfQ8CeW7Iw — M/1_LP (@MI_Investments) April 22, 2020 … Read more
US HY Credit Spreads: some might argue the Fed is driving a wedge between the market vs fundamentals… https://t.co/Lwh0R9RgTW pic.twitter.com/YR2U9BHBrP — Topdown Charts (@topdowncharts) April 21, 2020 Summary • The Fed’s backstop helped bring down credit spreads – both investment grade and high yield • Banks appear positioned to make it through the Corona Crash … Read more
