Trump warns of ‘horrific’ weeks ahead as US virus death toll tops 5,000 “We’re going to have a couple of weeks, starting pretty much now, but especially a few days from now, that are going to be horrific.” https://www.france24.com/en/20200402-usa-coronavirus-donald-trump-death-toll-andrew-cuomo-who-epidemic
VIDEO: Pelosi Claims She Knew About Coronavirus Threat, Defends Prioritizing Impeachment THIS WILL END WELL: Pelosi: We’re launching a “bipartisan” select committee to oversee coronavirus response — not investigate it. “Even if Pelosi is sincere at the moment, Schiff and Jerrold Nadler among others in her caucus will demand that this select committee expand its scope … Read more
At the 1:02:45 point below, President Trump answers the question about the illegals getting stimulus checks: “Well, you know, you are saying undocumented, meaning they came in illegally. A lot of people would say that we have a lot of citizens right now that won’t be working, so what are you going to do?” … Read more
Authored by Mike Whitney via The Unz Review, 1– Unemployment is off-the-charts Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest prediction of more than 40 economists and pushes the … Read more
Markets Now At Tipping Point Investors now need to make a decision; stay in the roller coaster or get out? Mortgage Lenders Bracing for the Biggest Wave of Delinquencies in History “This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania. “The … Read more
Brace for Coronavirus Fallout to Take Stocks to New Lows Wilmington Trust’s Meghan Shue warns investors will see two grim quarters of losses — not just one. The firm’s head of investment strategy believes market losses will continue to pile up amid negative coronavirus data and headlines. “GDP in the second quarter could be anywhere … Read more
Dollar funding stress keeps rising as the US Treasury additionally demands dollars and floods the market w/bills. Libor OIS risk spread jumps to 137bps, the highest level since GFC. pic.twitter.com/qYXyWyxxv4 — Holger Zschaepitz (@Schuldensuehner) April 2, 2020 Round of applause for the Federal Reserve 👏The $USD is officially a funding currency… $EUR $JPY $CHF all … Read more
The whole world is going through very difficult economic times. Supply chains are being disrupted and the global economic collapse spreading all around the world. The United States has the largest economy in the world but also it has not been spared by this global economic meltdown. The US economy has also been shut down … Read more
https://www.youtube.com/watch?v=WIwG1zBvTyw Virigina Kruta from The Daily Caller reports, Joy Behar tried to get ABC reporter Jonathan Karl to say that President Donald Trump had a mental disorder. Karl appeared Monday on ABC’s “The View” to discuss his new book, “Front Row at the Trump Show,” and his view of the Trump administration’s handling of the … Read more
By John Mauldin The Federal Reserve is buying mortgage-backed securities with the best of intentions. But there are unintended consequences. Last week, I had a truly horrifying phone call with good friend and real estate expert, Barry Habib. He knows the mortgage business inside and out and he’s very concerned right now. Briefly, the Federal … Read more
By Tom Kool Oil prices exploded on Thursday morning after US President Trump tweeted that he spoke with Saudi Crown Prince Mohammed bin Salman about a potentially ‘huge’ output cut. According to Trump, the production cut from Saudi Arabia and Russia could be as high as 15 million bpd. For anyone wondering why oil prices just spiked … Read more
By John Mauldin In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. Between reduced tax revenues and increased spending, I now expect this year’s deficit will be at least $4 … Read more
By Jared Dillian I am writing from my home library since I’m no longer working in my office in downtown Myrtle Beach. I’ve always resisted working from home because I don’t want to stress out in my own house. But it hasn’t been bad. I have a hot tub, a pool, cigars, and the cats. … Read more
by The Phoenix The single most important chart in the world right now is investment grade credit spreads. The Fed has announced it will buy investment grade corporate debt for the first time in history. The Fed also announced that it will be directly buying investment grade corporate debt ETFs like $LQD. With that in mind, credit spreads … Read more
The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to conduct bilateral trade & investment and issue bonds in local and national currencies instead of US dollars. BREAKING 🚨🚨 The 8 member states of the Shanghai Cooperation Organization (SCO), including China, Russia & Pakistan, have decided to … Read more
My best guess is that 1) He saw everyone in the world cracking down on dissent. 2) He realized the drug dealers would still need to move product when everyone else is not moving. 3) He is worried more and more jobless people will turn to drugs. so, he’s cracking down when he has a … Read more
Trump appointed judge in Texas. Ruled that such a ban constitutes police powers and that the federal government does not have police powers as part of the Enumerated Powers given to it in the Constitution. From the judge: “Brian Lane lawfully purchased three bump stocks before the rule took effect and raises a Fifth Amendment … Read more
Here’s who doesn’t qualify for a coronavirus stimulus checkwww.businessinsider.com › who-wont-get-coronavirus-stimulus-chec… 1 day ago – Bear in mind that the stimulus payment is technically a tax credit to apply to your 2020 tax bill that the government is providing ahead of time. Question Are the banks that caused this mess and are getting “bailed out” with … Read more
Donald J. Trump Verified account @realDonaldTrump Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas … Read more
WASHINGTON — President Donald Trump told lawmakers he wants a payroll tax cut that would last at least through the election to give consumer spending a jolt as the coronavirus threatens to cripple economic growth. The president told Republicans at a closed-door lunch Tuesday that he wants the payroll tax rate to drop to zero through the … Read more