By Tom Kool As the oil war and coronavirus demand destruction rage on, WTI crude prices briefly dipped below $20 per barrel, but many prices aren’t even fetching $20 per barrel as they are struggling to find buyers for their crude. Prices in Oklahoma, Colorado, Kansas, and Louisiana, for instance, have dropped significantly over the last … Read more
Fernando Ulrich, Released on 3/31/20 Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus … Read more
Money manager Michael Pento has long warned the global financial system was “not sustainable or viable” because of record debt creation. Pento has also long said, “This was the biggest debt bubble in history, and it is going to pop someday.” That day has arrived. Now, Pento says, “This is a global depression just like … Read more
This article was written by Mac Slavo and originally published at SHTFplan.com This is irony at its finest. The United States attorney general used twitter to tell the public to NOT use face masks to protect against the coronavirus because they don’t work, they only work for health care workers. Now, the Centers for Disease Control … Read more
by Shaun Richards As so often we find ourselves returning to the topic of the banks as they are at the heart of the financial system. They are the group which most exemplify the dictum if you want to enrich yourself get as close as you can to flows of money. The best description of … Read more
Future Money Trends, Released on 3/31/20 Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global … Read more
Trends Journal, Released on 3/31/20 Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered … Read more
by burnzwhenipeeee Reminds me of the people watching on the bridge in Chernobyl. Only difference is “no idea what’s going on” vs “plain stupid”. AC
I went to my local Niagara Falls NY wegmans today to grab a few things. While walking in I saw a group of shopping carts with caution tape around them Just outside the entrance with signs saying please keep 6’ from each of your fellow shoppers. I walked in and grabbed and sanitized a cart … Read more
1st they hid how bad it was & lied about it continuously, now they’re playing games forcing the WHO not to even acknowledge & share Taiwan’s amazing success in controlling this pandemic With MASKS Taiwan’s numbers: Keep in mind they got hit before the USA Taiwan:329 total cases…deaths 5 In Taiwan they give every citizen … Read more
Dr Ai Fen was the first doctor to alert other colleagues about a SARS-like disease Her text led her co-worker Dr Li Wenliang to raise the concerns on social media Dr Ai said she faced ‘unprecedented, extremely harsh reprimand’ after sharing She gave interview criticising hospital and then went missing, reports suggest Coronavirus symptoms: what … Read more
Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most … Read more
by HistrionicSlut I got a call from “att”, they left a message saying someone had committed fraud on my account and to call them back. I called the number (already suspicious) and it said welcome to att and had the proper hold music. I got in touch with a guy that gave me a name … Read more
by stacyyines It’s going to be a financial nightmare for many people soon or maybe is already. I just wanted to share some tips as a former collections person (who once repo’d cars 😳) if you might soon be or already are unable to make your car payment. DO NOT IGNORE CALLS OR HANG UP … Read more
Did the Fed Just Accidentally Trigger a Housing Market Crash? By flooding the market with money, the Federal Reserve just accidentally pushed mortgage bankers to the brink of bankruptcy. The Federal Reserve just bought $250 billion of mortgage-backed securities in a bid to strengthen the markets. But the move caused a tsunami of margin calls … Read more
by WSBConsensus Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.
by arzt506 Check this out: https://preview.redd.it/9n087j9y95q41.png?width=1005&format=png&auto=webp&s=5f3d7eadebb16a16665d4fdf00214a7106ed7675 Assuming we continue down here, would be hard to pick a more perfect place for a reversal of this dead cat. Bounced straight off the weekly 200 MA AND the .382 fib of the crash. Just beautiful. The weekly 200 MA has been support for 9 YEARS. You hard … Read more
A much better “tell” on Chinese growth than pumped up state data. @Quillintel@SoberLook pic.twitter.com/tS5sQatzE9 — Danielle DiMartino Booth (@DiMartinoBooth) April 1, 2020 April 1.. good one China pic.twitter.com/8tv4SGKsYz — *Walter Bloomberg (@DeItaone) April 1, 2020 The Asian countries that benefited the most from the trade war fallout have seen meager rebounds vs China which calls … Read more
Emerging markets post record $83 billion outflow in March due to coronavirus shock, says @IIF – $52 bln equity outflow, $31 bln debt outflow. Compared to previous episodes of EM stress … there is no comparison.@RobinBrooksIIF @SergiLanauIIF pic.twitter.com/M8ixtpGp4l — Jamie McGeever (@ReutersJamie) April 1, 2020 https://twitter.com/Birdyword/status/1245149005387952128 A new wave of ASF is hitting #China >>African … Read more
by Hanz-Wermhat Long time lurker first time (non-shit post) poster, felt I would give back some knowledge I have learned recently on how you can use VIX to see how retarded your PUT positions are. VIX is calculated using the pricing of OTM options, the higher the pricing the higher the implied volatility and likelihood of … Read more