This is actually the biggest scandal and betrayal of the public trust since the founding of the republic. An anti-democratic institution set up to control our currency (and economy) that could only be justified through independence. End the charade and bring it under Treasury. — Douglas Verity (@verity_douglas) March 30, 2020 Should market conditions deteriorate, … Read more
TEXAS IS FUCKED https://t.co/CiyoDduNKz — The Long View (@HayekAndKeynes) March 30, 2020 If you are not familiar with the situation concerning Canadian crude oil the price below may come as quite a shock…. https://t.co/I5oayidp2f — Shaun Richards (@notayesmansecon) March 30, 2020
Fed seems to suggest this too https://t.co/ggpXug3UKv — Jordan Schachtel (@JordanSchachtel) March 30, 2020 FED: Third of Americans will be unemployed… KEY POINTS The coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections. There are nearly 67 million Americans working in jobs that … Read more
by hjkoivu I’m gonna be honest here. Every bull out there should be nervous in this blind optimism. First of all the VIX is still very elevated. Second, we’ve been receiving nothing but bad news and stocks are still going up. Third, It looks like we might have another housing crisis on our hands and no … Read more
by HowGreatAreYourDanes Credit for the content below should go to Barry Habib of MBS Highway. THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be … Read more
This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a while.@YahooFinance Morning Brief has explored this in recent weeks: https://t.co/PxQHCJuMaJhttps://t.co/V2hKQldqMuhttps://t.co/X6V2ongXn8 https://t.co/lcGT1M8yWT — Sam Ro 📈 (@SamRo) March 30, 2020 The best #recession indicator did it again… https://t.co/I0sxCwlbbc pic.twitter.com/VxfiKyYf3v — jeroen blokland (@jsblokland) March 30, 2020 The 2020 $SPY … Read more
Prediction: when the coronavirus lockdowns end, people are going to realize that we're in a depression & their jobs/businesses aren't coming back (b/c The Everything Bubble has burst). We're going to have mass protests & riots that will put Occupy Wall Street in 2011 to shame. — Jesse Colombo (@TheBubbleBubble) March 29, 2020 Over the … Read more
by MemoryOfThatDay “The archetypal wonderful company—think See’s Candies—grows with minimal incremental reinvestment, compounding the intrinsic value at a high rate while paying out most earnings. Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage, investors are rewarded for holding wonderful companies for long … Read more
Thoughts on this? “IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back … Read more
by Global-Quiet I’ve noticed a trend of posts which can basically be reduced to be “it’s bad, so let’s short”. I’d suggest that we should go beyond this type of analysis to not get caught holding the bag. In short, the outright level of “how bad it is” isn’t what drives markets in the long run … Read more
by LAXtoHNL After a couple of weeks of trying to determine who will be hit hardest by the beer flu, I now feel that Hawai’i is beyond f*cked. Having been to Hawai’i numerous times, I cannot imagine how Hawai’i recovers. There are virtually no flights going to Hawaii, Hawaiian Airlines is all but grounded, 80-90% of … Read more
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, … Read more
Economists Predict Potential End of the Euro Due to Coronavirus It is a sad testimony to the inadequate response of the EU to Italy’s plight that after being refused help they turned to Russia for emergency medical equipment. Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro … Read more
https://www.youtube.com/watch?v=Sdn4dsaVj_M Cristina Laila from The Gateway Pundit reports, This is CNN. CNN host Brianna Keilar on Thursday abruptly ended the segment when Trump advisor Peter Navarro blamed China for the virus. CNN doesn’t want to upset the ChiComs. “We all as a country got dealt a bad hand by China,” Navarro said. Brianna Keilar snapped. … Read more
Cuomo says the ventilators NY has have not been distributed because “the hospitals don’t need them yet.” He says he expects they will be needed when the NY outbreak reaches its apex. pic.twitter.com/yDRBgmvUWd — Brit Hume (@brithume) March 27, 2020 New York Governor Andrew Cuomo acknowledged Friday the state did have a stockpile of unused … Read more
From AOC to Joe Biden, Democrats this week have said some crazy $#^! Steve Deace presents the top moments of Democrat cringe.
https://www.youtube.com/watch?v=I0iO9f897Rs The US economy has experienced a unprecedented economic meltdown in the last two months and there is no doubt that the global economic collapse is finally here with us. Unlike the 2008 Great Recession , the current economic crisis looks uglier because it has been triggered by a global health problem. Millions of people … Read more
“Military Exercise” is defined as a “SIMULATED military operation”. Is this what we are witnessing here? Did Pompeo let this slip out?! What is happening? h/t Watcher
