Yes, the Fed IS Out of Ammo…For Now. Bernanke Just Told the Fed to Go Monetize EVERYTHING (Weimar-Lite)

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by The Phoenix Thus far in this crisis, the Fed has: 1)    Cut interest rates from 1.25% to 0.15%. 2)    Launched over $700 billion in Quantitative Easing (QE). 3)    Launched a $1.5 TRILLION repo program. 4)    Launched another $1 trillion repo program. 5)    Announced it will begin buying commercial paper (short-term corporate debt). 6)    Allowed … Read more

Fed Fires Most of Its Bullets in Attempt to Curb Market Panic

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Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group Do you remember the 2-year / 10-year yield curve? You know, the one the Fed swept under the rug in 2018? The one that officially inverted last year? Well, that same yield curve inversion preceded every major recession for the last 50 years. Last year’s inversion appears to be right on target … Read more

Bleach Shortage? Here’s How to Make Bleach from Pool Shock (and How to Purify Water With It)

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by Cassius K. We’ve all seen photos of the empty shelves in stores across American, and one thing that has become increasingly difficult to find is bleach. Typically, a bottle of bleach should contain between 6 and 8.25% sodium hypochlorite, a more dilute solution that one might expect, similar to an item such as peroxide. Unfortunately for … Read more

Markets Trying to Find a Near-Term Bottom

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By Harry Dent Two things I have been predicting for years that most people just can’t get have just started to happen. You know when a person keeps going into cardiac arrest or flatlining, the doctors keep shocking them with the defibrillator until they finally give up and pronounce the patient dead? I say the economy … Read more

In The Midst Of Global Coronavirus Panic, Facebook Decides Now Is A Good Time To Roll Out Their All-New FB5 Interface Design For Desktops

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by Geoffrey Grider In the history of Facebook, there have been four major redesigns. The latest one, FB5, otherwise known as The New Facebook, might be the most dramatic of them all. It’s a total shift in how Facebook looks and works on desktop and mobile. While doing routine maintenance on my computer today, I cleaned … Read more

Why ‘Price-Insensitive Buying’ Is To Blame For Many Of The Major Economic Problems We Now Face

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by jessefelder I recently made the distinction here, with a little help from Ben Graham, between investing and speculating. Over the past decade, markets have become overrun with speculators while investors have become an endangered species. “Price-insensitive buying,” as it has been called, has come to dominate markets from fixed income to equities and it is … Read more

Tesla, the WTF Chart of the Year

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You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%. By Wolf Richter for WOLF STREET: First a little history. Back in the good old days of February 4, 2020, when Tesla CEO Elon Musk could still be seen walking on water, and when … Read more

European Banks Face Financial Crisis 2, Shares Hit 1988 Lows

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The ECB promised “to monitor markets closely.” Then it came out with a new bond buying binge. By Nick Corbishley, for WOLF STREET: Bank stocks in Europe plumbed fresh mutli-decade lows despite the release of a hurriedly improvised one-paragraph announcement by the ECB pledging to do just about whatever it could take to keep the banking system in tact. … Read more

FOX Guest Drops HUGE Question Regarding CV and the 3 Candidates Running for President

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https://www.youtube.com/watch?v=hcshTNlKLuM Virginia Kruta from The Daily Caller reports, Fox News contributor Gillian Turner asked Chris Wallace what could happen if all three major 2020 contenders were to contract CV. Turner joined Wallace’s discussion on “Fox News Sunday” about the spread of the virus and the administration’s response to its spread. Read More/Source/Credit/FairUse: https://dailycaller.com/2020/03/15/gi…

if you thought S&P -5% was a bad day, look at some of the Credit ETFs and REIT ETFs, then Loan/CLO ETFs…

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if you thought S&P -5% was a bad day, look at some of the Credit ETFs and REIT ETFs, then Loan/CLO ETFs and lastly Virus-related (this one is not a surprise though) -3x levered stuff all getting liquidated, this was a flush in Credit, maybe even some single name stocks pic.twitter.com/QmWnxFICop — Gold Mansacks (@Gold_Mansack) … Read more

We are screwed here in Vegas

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EVERY single casino and machines in even small ones are ordered to be turned off, major properties shut down i know it doesnt mean much to you guys, nor me personally, i doubt gamble anyway but its going to crash the local economy…gambling/casinos is life blood here, what keeps things going. the GOV sounded scared … Read more

I’m Betting on America. Are You?

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by Wayne Allyn Root I’m the ultimate positive thinker. I’m also very cynical. You can be both. My favorite saying is, “Expect the best, prepare for the worst.” So, I’m going to give you both sides of the Coronavirus story. Let’s start with the bad. This is the worst mess of our lifetimes. The economy is … Read more

President Trump Announces He’s Invoking the Defense Production Act, All Foreclosures and Evictions Suspended Until the End of April

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Trump Announces He’s Invoking the Defense Production Act Live just now. The Defense Production Act of 1950, as Amended (50 U.S.C. App. 2061 et seq.) https://www.fema.gov/media-library/assets/documents/15666 Defense Production Act From Wikipedia, the free encyclopedia The Defense Production Act (Pub.L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the … Read more