(Bloomberg) — The banking industry is close to gaining relief from a much-hated accounting rule imposed after the 2008 financial crisis, thanks to a provision tucked deep in the Senate’s massive coronavirus aid bill.The legislation, which still must be voted on by the House, would likely delay until the end of the year a requirement … Read more
If this is your first time trading in a bear market, get used to sharp rallies. Ride them and dump them — The_Real_Fly (@The_Real_Fly) March 26, 2020 Lot of talk how a new bull market started today. Just remember, the ‘73/‘74 bear saw a 20% bounce. ‘01/‘02 bear had 22%, 25%, 24% and 24% rallies … Read more
by Jchen192 This is my opinion, take it or leave it. Just wanted to see what everyone else is thinking about right now. I’m sure at this point everyone have already heard the news about the feds trying to inject the economy with 2 trillion dollars. We honestly have no clue if this is going … Read more
Link to article: https://www.reuters.com/article/oil-opec-russia-rdif/russias-rdif-new-opec-deal-possible-to-address-demand-if-others-join-idUSR4N2B4012 Of note this isn’t coming out of Alexander Novak, Russia’s MoE who is the official point of contact, or commentary from Igor Sechin who runs Rosnef and is alleged to be the one pushing for exiting the prior deal so it’s tough to say how much support there is internally in Russia … Read more
https://www.today.com/video/fed-chairman-jerome-powell-there-s-nothing-fundamentally-wrong-with-our-economy-81231429587 I don’t know if a Fed chair has ever given an interview in the middle of a crisis. This question was actually asked by the interviewer but Powell kinda side stepped the question. If people don’t already know, one of the biggest powers the Fed really has, is how they influences the public’s confidence … Read more
Curious as to how the Fed can buy ETFs and corporates bonds when they do not have the legal authority? Answer, the Fed and Treasury merged. Meet your new Fed chairman, Donald J. Trump. I explain in my latest columnhttps://t.co/slWkkvLTgT — Jim Bianco (@biancoresearch) March 27, 2020 An alphabet soup of new asset-buying programs will … Read more
The US death rate from CV-19 is doubling every 2.5 – 3 days. That's faster than Spain. That's faster than Italy. pic.twitter.com/DSeKabMydU — Ben Hunt (@EpsilonTheory) March 27, 2020 SPAIN'S HEALTH EMERGENCY CHIEF SAYS 9,444 HEALTH WORKERS TESTED POSITIVE TO CORONAVIRUS — *Walter Bloomberg (@DeItaone) March 27, 2020 https://twitter.com/next_china/status/1243306846389178377 Most US states going straight parabolic … Read more
The current index of economic policy uncertainty is like nothing we have ever seen before and we have to say that in a strong sense: not like 2008, not like 9/11, not like 1997/8 or 87. @SoberLook pic.twitter.com/jI162Fm0hn — Adam Tooze (@adam_tooze) March 27, 2020 2008 – but all at once MBS/CMBS#MortgageCrisis https://t.co/BaQhWcxehe — Samantha … Read more
Here is another view of Hubei residents flipping over a Jiangxi police van. What’s nice about this view is that it clearly shows the Hubei police simply watching, if not helping, the Hubei civilians destroy Jiangxi police vehicles. video: https://twitter.com/TruthAbtChina/status/1243521482707386371 h/t Builder
X22 Report, Released on 3/26/20 “This will lead to a hyper-inflationary depression.” Bill Holter is currently a writer for Miles Franklin and Jim Sinclair’s Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years … Read more
Financial Survival Network, Released on 3/26/20 If you’re like us you’ve been sitting back with nothing else to do than contemplate the global economic disaster that we’re currently going through. Is it a deep state plot, an act of utter incompetence by our leaders or just a bunch of well intentioned pointy headed bureaucrats in … Read more
The “Intelligent Lockdown” as seen in The Netherlands, life in corona filled Holland: Intelligent Lockdown, how it looks on the streets of Rijswijk in The Netherlands. In this video we start in the plaspoelpolder and walk up into the large shopping mall or area called de Bogaard and then back again. Had to change tires … Read more
Ralph Northam closed all churches & made it illegal to attend service in Virginia It’s now punishable by up to 12 months in prison and/or a $2,500 fine Do you know what’s NOT closed? Planned Parenthoods in Virginia. Not to mention liquor stores. These are Democrat priorities Ralph Northam closed all churches & made it … Read more
When polls showed that President Donald Trump was receiving unusually high marks for his handling of the Coronavirus pandemic, the first stage of grief the media went through was denial: The political media have been working extremely hard to craft a narrative that the spread of the coronavirus was essentially the fault of the man … Read more
Have you seen the list of drugs that are in short supply? The American Association of Hospital Pharmacists track drug shortages and the list is massive and includes a whose who of key drugs. Shortages so severe the FDA is allowing use of expired drugs to fill void. Almost all of them due to manufacturing … Read more
Over the last 24 hours I have developed mild symptoms and tested positive for coronavirus. I am now self-isolating, but I will continue to lead the government’s response via video-conference as we fight this virus. Together we will beat this. #StayHomeSaveLives pic.twitter.com/9Te6aFP0Ri — Boris Johnson (@BorisJohnson) March 27, 2020
by mapi credit:Prison Policy A new “Big-Picture View” by The Prison Policy Initiative reveals a horrifying picture of mass incarceration in America. “The American criminal justice system holds almost 2.3 million people in 1,833 state prisons, 110 federal prisons, 1,772 juvenile correctional facilities, 3,134 local jails, 218 immigration detention facilities, and 80 Indian Country jails as well as in … Read more
By Tsvetana Paraskova Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of 10.5 million bpd for March, Goldman Sachs said, while the coronavirus pandemic continues to claim thousands of lives and forces a growing number of major economies into lockdown. “A demand shock of this magnitude will … Read more
They had to get a refrigerated truck to store the dead bodies in! An emergency room doctor in Elmhurst, Queens, gives a rare look inside a hospital at the center of the coronavirus pandemic. “We don’t have the tools that we need.” AC
By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk of the mortgage-backed securities (MBS) the Fed bought over the past two weeks because the Fed books them when its trades settle, and MBS trades … Read more