“In a letter to Pershing stakeholders dated Wednesday, Ackman said the fund completed the exit from his bets against the market on March 23 and generated $2.6 billion compared with premiums paid and commissions totaling $27 million. He first announced his market hedges on March 3.” “we became increasingly positive on equity and credit markets … Read more
by Battletoad101 For the bears, information taken from the link. Context: The IRS is being relied upon to process 500 billion dollars ASAP. In 2001, the IRS needed more than six weeks to issue the first rebates authorized by President George W. Bush’s tax cut. In 2008, the IRS issued its first payments to fight … Read more
by fuzzyblankeet To be honest, I’m impressed you’ve gotten this far. That’s a lot of words in the title. I’ve noticed an unprecedented influx of idiocy into this sub lately, but also a lot of quality explainers, so I wanted to add my two cents. TL;DR – this is a post about credit agreement and … Read more
by Rabbitloki We are preparing for potentially the worst unemployment numbers ever on record this Thursday. However with the Stimulus package now passed businesses across the US can now examine whether they have funding in order to retain employee’s or if they’ll need to trim immediately in order to survive. For Small businesses which represent … Read more
https://twitter.com/QTRResearch/status/1242818359596593153 Congress Approves $2T Bailout…Too Bad It Will Only Last a Few Weeks!! (Bix Weir) It’s not enough! $2T is not enough to bailout EVERYBODY and that’s what people will demand. The next package will arrive next month and it will have to be $20T just to last a few more weeks! Hang on tight! … Read more
by Urist_McBeekeeper
https://twitter.com/NorthmanTrader/status/1242797427096248320 https://twitter.com/QTRResearch/status/1242797311820025856 What are the chances that all debt (IOU) will be re-payed, mortgage loans, student loans, car loans, government loans, bank saving deposits, corporate loans, derivative, paper gold, paper bitcoin IOU's … what are the chances? pic.twitter.com/4fk9TQwz4f — PlanB (@100trillionUSD) March 25, 2020
https://twitter.com/dollarsanddata/status/1242606164111736837 Friendly Reminder: Giving someone $1,200 isn't going to inspire them to go buy a Chevy Tahoe….particularly if they're worried about hospital bills or just paying the rent because they wonder if they'll have a job next week. — John Tuld (@BradHuston) March 25, 2020 Congress has agreed to a $2 trillion stimulus bill to … Read more
Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, “The process by which money is created is so simple that the mind is repelled.” – JK Galbraith By formally announcing quantitative easing (QE) infinity on March 23, 2020, the Federal Reserve (Fed) is using its entire arsenal of monetary stimulus. Unlimited purchases of Treasury securities and mortgage-backed securities for … Read more
by lanismycousin KO makes much of it’s money from selling it’s sodas to restaurants, amusement parks, sports/concert venues, movie theaters, vending machines, airports/airlines, cruises, etc. With the stay in place orders, forced restaurant/venues closures, and lowered foot traffic out there less people are going to be buying sodas and other coca cola products. So not … Read more
San Francisco: https://www.glassdoor.com/job-listing/federal-reserve-law-enforcement-officer-federal-reserve-bank-of-san-francisco-JV_IC1150505_KO0,39_KE40,77.htm?jl=3532226587&utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic Dallas: https://www.glassdoor.com/job-listing/law-enforcement-officer-i-federal-reserve-bank-of-dallas-JV_IC1139977_KO0,25_KE26,56.htm?jl=3499662988&utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic Saint Louis: https://www.linkedin.com/jobs/view/senior-law-enforcement-officer-night-shift-at-federal-reserve-bank-of-st-louis-1771465541?utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic Salt lake City: https://frb.taleo.net/careersection/5/jobdetail.ftl?job=263509&iniurl.src=LinkedIn&tz=GMT-04:00&tzname=America/New_York Memphis: https://www.glassdoor.com/job-listing/senior-law-enforcement-officer-federal-reserve-bank-of-st-louis-JV_IC1144463_KO0,30_KE31,63.htm?jl=3472928137&utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic Seattle: https://www.glassdoor.com/job-listing/federal-reserve-law-enforcement-officer-federal-reserve-bank-of-san-francisco-JV_IC1150505_KO0,39_KE40,77.htm?jl=3532226587&ctt=1584976698731 El Paso: https://www.glassdoor.com/Job/federal-reserve-law-enforcement-officer-jobs-SRCH_KO0,39.htm?jl=3530819858 Los Angeles: https://frb.taleo.net/careersection/5/jobdetail.ftl?job=263610&iniurl.src=LinkedIn&tz=GMT-04:00&tzname=America/New_York Jacksonville: https://frb.taleo.net/careersection/5/jobdetail.ftl?job=263278&iniurl.src=LinkedIn&tz=GMT-04:00&tzname=America/New_York Atlanta: https://frb.taleo.net/careersection/5/jobdetail.ftl?job=262169&iniurl.src=LinkedIn&tz=GMT-04:00&tzname=America/New_York That’s enough, you get the idea h/t FP
Donald J. Trump @realDonaldTrump This is really great news! I am so happy I can barely speak. He may have been a terrible presidential candidate and an even worse U.S. Senator, but he is a RINO, and I like him a lot! This is really great news! I am so happy I can barely speak. … Read more
by FP More trillions of dollars or actually debt backed fiat currency being created out of thin air and loaned out by the Federal Reserve that’s not even Federal. All these trillions being created dilute the currency supply causing YOUR MONEY TO ACTUALLY BE WORTH LESS through inflation. Your purchasing power will become less and … Read more
by Martin Armstrong For those who hate the dollar, the Norwegian central bank declined to comment on the details of a planned US dollar liquidity auction due to take place on Thursday. We are also looking at Denmark’s central bank will auction U.S. dollars to commercial banks and other financial institutions on March 26 together with … Read more
After talk of trillions of dollars in new stimulus from Congress this week, what about gold prices? Gerald Celente, a top trends researcher, says, “You saw how much the markets went up. How about gold prices? It bounced back $200 per ounce since Friday. . . . The smart money is seeing the fake money … Read more
saw threads for highest prices on TP and peanut butter selling on amazon, super high prices. Now, amazon did something about it. Amazon removes more than 3,900 seller accounts from US store due to ‘coronavirus-based price gouging’ Amazon announced Monday 23rd that it has removed more than 3,900 selling accounts in its U.S. store for … Read more
It is only a 3 minute video: Tek
People can get the coronavirus more than once, experts warn — recovering does not necessarily make you immune People who have gotten the new coronavirus and recovered can get it again in the future, health authorities say — the body does not become immune after infection. https://www.businessinsider.com/wuhan-coronavirus-risk-of-reinfection-2020-2?op=1
Tangent: In a sign of the strain that Spain is under to deal with the rising number of deaths, Madrid’s Ice Palace ice rink is being repurposed into a temporary mortuary to house dead bodies, until they can be collected by funeral homes that are currently over capacity. https://www.forbes.com/sites/isabeltogoh/2020/03/24/spain-elderly-care-home-residents-found-dead-in-their-beds-as-coronavirus-toll-worsens/#2a4d9a976670 Spain: Elderly Care Home Residents Found … Read more
