Federal Reserve announces temporary FIMA Repo Facility

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Link to press release Content: The Federal Reserve on Tuesday announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) to help support the smooth functioning of financial markets, including the U.S. Treasury market, and thus maintain the supply of credit to U.S. households and businesses. The … Read more

49 Percent Of U.S. Companies Expect Layoffs “In The Next Three Months” As Unemployment Heads To Great Depression Levels

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by Michael Snyder If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history.  Of course what we have already witnessed is difficult to believe.  Last week more than 3.2 million Americans filed initial claims for unemployment benefits, … Read more

Oil could be in the process of bottoming.

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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!

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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?

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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

Hitting the top tomorrow?

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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:

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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:

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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

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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.

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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

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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  

Student Loan Repayments Put On Hold with Sam McElroy

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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

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  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