Nobody’s talking abt Canada-wide debt bubble @ $11.3 Trillion CAD (Fed, Prov, Municipal, Corporate, Consumer debt) or 490% of GDP. Historic norm: 150% of GDP.
https://twitter.com/RealDavidJensen/status/1243993948323897345
Oil could be in the process of bottoming.
Two extremes. Energy high-yield credit spreads just reached record levels while WTI prices are at 18-year lows. Previous divergences marked major turns in oil. Oil could be in the process of bottoming. pic.twitter.com/F2lxVKxXmf — Otavio (Tavi) Costa (@TaviCosta) March 31, 2020
EVERYONE on Bloomberg TV thinks this is the buy of a lifetime RIGHT NOW! It all over!
EVERYONE on Bloomberg TV thinks this is the buy of a lifetime RIGHT NOW! It all over!!!! They are so bullish they even believe the Chinese don't lie.@FerroTV https://t.co/u5mdHHCBoE — Jim Bianco (@biancoresearch) March 30, 2020 The S&P 500 closed today at a "generational buying opportunity" not seen since, um … mid-January 2019. Nice clearing … Read more
The big question: Who is going to bail out whom?
The big question: Who is going to bail out whom? -Plunging corporate earnings & household consumption-Government spending skyrocketing-Economy falling to pieces The US government is broke. Increasing money supply won’t fix anything. It's time to buy gold & sell stocks. pic.twitter.com/CiAjibBzwy — Otavio (Tavi) Costa (@TaviCosta) March 29, 2020 M2 money supply only surged like … Read more
Scary times for risk-on assets especially at such a late stage of the economic cycle.
Tavi Costa: Trump's re-election relies on a strong U.S. economy. The virus outbreak cannot be fought off with monetary policies. Scary times for risk-on assets especially at such a late stage of the economic cycle. @TaviCostaFull interview: https://t.co/M0iWcHzzVu pic.twitter.com/rp6xlwOXgu — Silver Bullion (@SilverBullionPL) March 30, 2020
Hitting the top tomorrow?
by jkracx chart Resistance points 1. We just barely broke through a strong trendline (brr power bull trap?) into a phat double top Now we’re about to hit the .382 Fibonacci retracement point (Not easy to break through) We’re also about to hit the 20 day moving average and the death cross Volume Volume has been significantly … Read more
This Is Just One Of Many Ways The World Health Organization Has Been A Pantload Of Fail In This Crisis:
Why Taiwan has become a problem for WHO. “Taiwan is seen as one of the few places in the world which has successfully stemmed the spread of the coronavirus without resorting to draconian measures. But despite its efforts, it is still effectively locked out of membership in the World Health Organization (WHO) due to its complex … Read more
FIGHTING THE CORONAVIRUS ALSO SEEMS TO INVOLVE A LOT OF FIGHTING THE FDA:
via politico The Trump administration has approved the first system for sterilizing specialized face masks worn by front-line health workers battling the coronavirus, potentially easing the severe shortage of the protective gear. The FDA also reversed course on a daily cap for the decontamination system, less than 24 hours after Ohio’s Republican governor criticized the FDA … Read more
WikiLeaks Exposes How Council on Foreign Relations Controls Most All Mainstream Media
by Venus230 https://www.transcend.org/tms/2018/02/wikileaks-exposes-how-council-on-foreign-relations-controls-most-all-mainstream-media/ It is no secret that over the last 4 decades, mainstream media has been consolidated from dozens of competing companies to only six. Hundreds of channels, websites, news outlets, newspapers, and magazines, making up ninety percent of all media is controlled by very few people—giving Americans the illusion of choice. While six … Read more
WHO takes its orders from the Chinese government, who wanted to silence reports early on so they wouldn’t have to cancel Chinese New years celebrations. The largest day of international air travel in the whole year.
by BrockCage China is controlling what the WHO publishes. Go read through this media list starting early this year in January on the WHO website. The China has contained it narrative is an excuse to spread the virus globally from Chinese New Years the largest day of International air travel. Notice the tone changes after the … Read more
US cases daily increase under 20% for the first time
by jsalsman Daily New Cases in the US seem to be levelling off at around 20K. https://www.worldometers.info/coronavirus/country/us/ We may be reaching the peak of new infections sooner rather than later. Deaths however, which lag new cases generally, continue to rise and can be expected to rise for some time, imo. h/t Builder
The Insanity of the Times – The Power Grab But to What End?
by Martin Armstrong COMMENT: Hi, Am a long time blog follower, as well as a Plus membership subscriber. I penned this poem about the absurdity that is happening with this Corona episode. I was hoping that you could share it with the public on your blog. Hour after hour day after day, mainstream and state … Read more
Panic is Subsiding… But What Will Be the Secondary Effects?
by The Phoenix Stocks are up somewhat this morning. This marks the second Monday stocks will open in the green (last Monday was a green open as well) following two horrifically bad weekend sessions that saw stocks open limit down or close to limit down (March 2nd and 9th). In the simplest of terms, the panic in … Read more
Student Loan Repayments Put On Hold with Sam McElroy
from Financial Survival Network Sam McElroy returns to the program… Student loan borrowers can suspend payments for 60 days without interest Borrowers with federal student loans will be able to pause their payments for two months without interest accruing, President Donald Trump and the Education Department said Friday. The move is an effort to help those financially … Read more
Arizona cancels school for remainder of school year; Pennsylvania School/Business Closures now extended INDEFINTITELY
PHOENIX — Arizona schools will remain closed for the remainder of the school year, according to a Monday notice from state officials. Governor Doug Ducey and Superintendent of Public Instruction Kathy Hoffman released the following statement Monday: “In alignment with yesterday’s updated federal guidance, today we are announcing the extension of school closures through … Read more
The Week That Grim Coronavirus Data And Bad Economic Data Mix And Spark The Collapse
via silverdoctors SD Outlook: This week, people will likely come to terms with the stark reality of facing economic collapse along with the collapse of US healthcare… Is this the week that US healthcare collapses? I keep seeing images of tents and whatnots being erected outside of major hospitals around the nation. The stark reality is … Read more
CLOs (Collateralized Loan Obligations)… What’s Going On?
by Potstick3rs So I’ve been looking at CLOs (Collateralized Loan Obligations) recently and I’ve got to say… This stuff sounds like a “largest bag of odorous excrement” to quote Jeremy Irons. If you’re not familiar with CLOs you should read this great article on that goes into a fair amount fo detail: https://www.naic.org/capital_markets_archive/primer_180821.pdf From my point … Read more
US, Russia agree to oil market talks
Article: https://www.reuters.com/article/us-oil-opec-trump/u-s-russia-agree-to-oil-market-talks-as-trump-calls-price-war-crazy-idUSKBN21H216 So we’ve got a more a more official move towards a possible deal or cooperation in the oil markets. Again this is early and it’s tough tough to say if anything will come of it, but the fact that Putin is stepping in here on the side of a potential deal bodes well. It’s … Read more
Is this a dead-cat bounce or the bottom investors have been waiting for? Dow Jones up to 20% in the last 20 days yet economic uncertainty are doubled prior peak
by Davidkingq123 Global stocks are edging lower, and oil prices have plunged to 17-year lows at the start of another week set to be dominated by the coronavirus pandemic. But U.S. stocks rallied on Monday. The investor optimism came despite President Trump extending the U.S. lockdown to April 30 and public health officials warning that … Read more
NYFed develops Weekly Economic Index – shows worse decline than 2008
To compute our index, we extract the first principle component from these seven time series, using the sample from January 2008 to present. We scale our index to four-quarter GDP growth, so a reading of 2 percent in a given week means that if the week’s conditions persisted for an entire quarter, we would expect, … Read more