by OB1_kenobi So if you’re like me and you spend a bit of time on reddit, you’ll notice a few things. United States Coronavirus: 142,746 Cases and 2,489 Deaths … Plenty of people have posted links claiming the US now has more cases than any other nation in the world… all Trump’s fault of course. … Read more
by Charles Hugh-Smith We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues. As we all know, the federal government can “print” money but state, county and city governments cannot. The Treasury can sell bonds to fund deficit spending, … Read more
Now even the fig leaf is gone. By Karen Parker Feld, The Irreverent Economist at Paladin Advisors: On March 23, the Fed announced its largest-ever intervention in the financial markets. Bazooka is too timid a word to describe it. More like a neutron bomb. Our central bank, supposed defender of the currency and the stability of markets, can now … Read more
by Michael Snyder It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning … Read more
by MW [Sebastian] Kurz said, that he is aware, that a lot of people would have loved to hear, that the measures will be lifted, but in reality, ‘it is a marathon’ (“dass viele Menschen hören wollten, dass die Maßnahmen gelockert würden. ‘Aber die Wahrheit ist, es ist ein Marathon’”) From wednesday on, it will … Read more
by DCG As you know, the World Health Organization (WHO) is an agency of the useless United Nations. Completely useless, both of them in my opinion. China has LIED to WHO and they, in turn, have LIED to the world: I’ve seen many theories online as to how China controls WHO. See an example on … Read more
Why can’t we just do what the South Koreans did, without all the drama, hysterics, lies and other assorted bullshit? Coronavirus: South Korea has more recovered patients than sick WORLD NEWS MARCH 28, 2020 / 9:59 AM March 28 (UPI) — South Korean health officials said Saturday that for the first time since the country’s … Read more
By Irina Slav As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many would have until recently considered an impossible scenario, a lot of U.S. shale might do just that. Breakeven prices for U.S. shale basins … Read more
Religious congregations are warned that failing to heed his orders could result in their buildings being permanently shuttered: THE LEFTISTS ARE not letting an opportunity go to waste. They’re trying to see what we will tolerate. Pushing the borders of gov’t authority. h/t Mark
Politico says there’s “scant evidence,” but that’s ignoring multiple French studies. It’s journalistic malpractice — which is to say, journalism as usual in the age of Trump — to pretend that there’s “scant evidence.” Politico’s Dan Diamond doesn’t even mention the French studies. Related: Italy and France are now prescribing hydroxychloroquine and chloroquine as treatments for coronavirus patients. Politico’s … Read more
The Washington Post’s Gleeful Hot Take on the Crashing Economy Gets the Thrashing It Deserves. Related: h/t GR
Florida SUN vitamin D is on the top of the list. h/t Buzzcheeze
via news.com.au While hairdressers and barber shopsunder current restrictions will remain open with up to 30 minute appointments, and the one person per 4 square metre rules applied, in the UK, hairdressers have been closed completely. And while Australians are still able to buy a T-shirt at a clothes store, or pop into Kmart for a scented … Read more
The Trump Admin’s expansion of its un-American travel ban is a threat to our security, our values and the rule of law. Barring more than 350 million people from predominantly African countries from traveling to the US, this rule is discrimination disguised as policy. — Nancy Pelosi (@SpeakerPelosi) February 1, 2020 https://tweetsave.com/speakerpelosi/status/1223414098614018057 : Nancy Pelosi on … Read more
Scientists have identified at least eight strains of coronavirus as the bug wreaks havoc spreading across the globe. More than 2,000 genetic sequences of the virus have been submitted from labs to the open database NextStain, which shows it mutating on maps in realtime, according to the site. Researchers said the data, which includes samples every continent … Read more
https://www.youtube.com/watch?v=LZiHlvE-cTM The patriots are now putting everything in place of the next phase of the plan. The world is watching, it is time to save America, patriots will no longer be silent. This is a war with an invisible enemy and we will win.
History shows bear markets “are often punctuated by sharp bounces before resuming their downward trajectory.” (Kostin) GOLDMAN: “.. we believe it is likely that the market will turn lower in coming weeks, and caution short-term investors against chasing this rally.” History shows bear markets “are often punctuated by sharp bounces before resuming their downward trajectory.” … Read more
by formerbuck Retraced back to mid 50’s, gathering momentum needed to break ATHs. Thoughts: Leading up to this past week, it appeared the VIX was in a corrective wave 4 down to the low 50s (which was hit on 3/24) and it appears it will make its final wave 5 over a period of time. … Read more
https://twitter.com/NathanBrandWA/status/1244300047694680065 NICE h/t Builder
by MakeTotalDestr0i The past week has been crazy. 3m unemployed and stocks only went up. Makes no sense, right? Wrong. What you guys need to realize is that the market is not an omnipotent being that prices in every move and plays 4d chess. It’s more like a caveman, driven by greed and fear. Especially … Read more