The Eurozone Services #PMI dropped to an unprecedented 11.7. Germany’s consumer confidence collapsed way beyond anything seen during the GFC.

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This happened JUST TODAY:#Germany's consumer confidence collapsed way beyond anything seen during the GFC. The Eurozone Services #PMI dropped to an unprecedented 11.7. US initial jobless claims rose another 4.43 million, totaling more than 26 million in 5 weeks. pic.twitter.com/0qjVbkyhAD — jeroen blokland (@jsblokland) April 23, 2020 ICYMI overnightIHS Markit Eurozone PMI and GDP Flash … Read more

The Fed’s SPV’s at Treasury are not technically on balance sheet which would violate Federal Reserve Act.

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The Fed’s SPV’s at Treasury are not technically on balance sheet which would violate Federal Reserve Act. Less appreciated as pointed out by @bondstrategist is the fact that aside from commercial paper, NONE have been deployed and put to use. Premature celebration? https://t.co/BwK6aHyR0J — Danielle DiMartino Booth (@DiMartinoBooth) April 23, 2020 Unbelievable. Can I short … Read more

Rising risks to the stock market’s rally

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https://twitter.com/bullmarketsco/status/1253272567584079873 When $8 trillion dollars in fiscal stimulus isn't enough, you gotta ask yourself: 1. Is the amount too small?2. Is the amount too big but execution flawed?3. Do we just need to wait a bit longer?https://t.co/vhjIK8PQuM pic.twitter.com/7bvfwsL05S — David Ingles (@DavidInglesTV) April 23, 2020 April loan defaults will likely top the 2009 record, with14 … Read more

In Bull markets, Stocks Don’t Sell Off on Bad News

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by The Phoenix There’s a saying that “in bull markets, stocks don’t sell off on bad news.” I mention this because the latest jobs data is out and it’s horrific. Another 4.4. million Americans have filed for unemployment bringing the total the number of unemployed to 26 million. These are DE-pression type numbers.  And yet stocks are … Read more

Tucker Carlson: Governors all over the country are taking advantage of this Pandemic because they want Total Control, not because of Science

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Tucker Carlson: Governors all over the country are taking advantage of this Pandemic because they want Total Control, not because of Science pic.twitter.com/VqMKjjD3oe — Benny Johnson (@bennyjohnson) April 23, 2020   We found out how quickly our rights are infringed by state and local governments. AC

Business owner obtains payroll loan to keep paying 35 employees — they respond with a ‘firestorm of hatred’

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The experience of a small business owner in Washington state is highlighting the unintended consequences of the massive coronavirus relief bill passed to keep employees receiving a paycheck. Jamie Black-Lewis told CNBC that she was able to obtain loans for $177,000 and $43,800, and thought that her 35 spa employees would be happy that they … Read more

CA Govorner sigs a $1 billion contract to buy masks for more than $5ea, while any shmuck with an internet connection can buy them for $2ea

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  via foxnews: California Gov. Gavin Newsom is facing pushback as state lawmakers have begun demanding details of his nearly $1 billion deal to receive 200 million masks per month from a Chinese manufacturer. Just two weeks after announcing the deal, Newsom has remained largely mum on the specifics. Advisers to the California Democrat have declined requests for comment from … Read more

Watch NY Gov Cuomo say his life is more important than yours, running out of money is no big deal, and you go get an “essential job” if you are suffering so bad!

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A reporter asked Gov. Cuomo what he’d say to New Yorkers who want to go back to work because they’re running out of money, to which he replied, “economic hardship doesn’t equal death” “You want to go to work? Go take a job as an essential worker” he added https://t.co/BgwoOZsQRy pic.twitter.com/WxGQxtg49p — CBS News (@CBSNews) … Read more

The US dollar doesn’t have ‘too much to offer anymore,’ and looks set to plummet against other major currencies, UBS warns

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The dollar could plunge against the yuan, yen, and pound in the next few months, warns UBS. UBS Global Wealth Management’s Hartmut Issel told CNBC Thursday in a phone interview: “Since the last month or two, the dollar does not have too much to offer anymore.” Issel also thinks yield differentials will become more attractive … Read more

CNN interview: Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won’t provide social distancing guidelines

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Las Vegas Mayor Carolyn Goodman calls for businesses to reopen, while saying she won't provide social distancing guidelines on how to do so safely. "They better figure it out. That's their job. That's not the mayor's job" https://t.co/warrOSZtrK pic.twitter.com/R6RCCu2Wzh — CNN Politics (@CNNPolitics) April 22, 2020 Las Vegas Mayor Carolyn Goodman calls for businesses to … Read more

NO FEDERAL BAILOUT FOR STATES! Mitch McConnell Floats Creating Bankruptcy Process for U.S. States ~ Why should Montana & Arizona bail out New York & California?

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Wednesday during Hugh Hewitt’s nationally syndicated radio show, Senate Majority Leader Mitch McConnell (R-KY) said he favors allowing states struggling to meet their financial obligations due to the Chinese coronavirus pandemic to declare bankruptcy instead of providing a federal bailout. https://www.breitbart.com/politics/2020/04/22/mitch-mcconnell-floats-creating-bankruptcy-process-for-u-s-states/

Congress is being ran by secret caucus. No open debates, no televised committee hearings, no minority rights. “The People’s House” is not open to the people. SCOTUS and Senate are publicly open.

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  It is being run by a Secret club, but not called the house. They’re called kikes and they are in every branch of gov via thehill: Our Constitution set up three branches of government. And yet, in this crisis, only two branches are fully operational. In particular, the House of Representatives is no longer … Read more

Eurozone economy suffers ‘unprecedented’ collapse… German shoppers NOT rushing back in

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Brussels (AFP) – The eurozone economy is suffering an “unprecedented” collapse according to a PMI index released Thursday by analysis firm IHS Markit. “The eurozone economy suffered the steepest falls in business activity and employment ever recorded during April as a result of measures taken to contain the coronavirus outbreak,” it said. The company’s purchasing … Read more

AOC says workers should boycott the reopening of the economy… Dem in Congress admits blocking money for workers to gain political ‘leverage’

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The stupid just keeps getting deeper with this IDIOT! Dem in Congress admits blocking money for workers to gain political ‘leverage’ U.S. Rep. Pramila Jayapal, D-Wash. (Official House portrait) A House Democrat admitted she and her progressive colleagues are blocking relief to small businesses to gain leverage to advance their far-left agenda. In a virtual … Read more

Smart People Have Dumb Ideas

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by Jared Dillian It’s hard for many people to think of the government stimulus package as anything but a $1,200 check that will only go so far. But you should know the big picture consequences, how they will hit you personally, and what you can do right now to protect yourself as the spending ramps up. … Read more