Rep. @AOC : “What did the Senate majority fight for? One of the largest corporate bailouts with as few strings as possible in American history. Shameful!”
https://twitter.com/thehill/status/1243549110180941824
Fed Chair Jerome Powell’s Lie Of The Day: “We are Limited By The Ability To Take Losses”
(by Half Dollar) Is anybody else sick of this? I know I am. The Fedspeak isn’t even b-rate hollywood good anymore. It’s actually pretty appalling. That said, Powell just claimed the Fed is limited by the ability to take losses. Here’s the exchange in its entirety, if you can stomach it: "All over the world investors … Read more
Oil Update – Saudi Arabia and Russia: Who will blink first?
by ObservationalHumor Both countries are currently planning on burning through reserves or borrowing money to actually sustain price levels below $40/bbl for any prolonged amount of time. The whole reason Russia was bold enough to do this is because they moved their budget breakeven to around $42/bbl and established around $400 worth of reserve funding … Read more
QE is Bullish for Stocks, Bearish for Bonds
by Tom McClellan The Federal Reserve invented “quantitative easing”, or QE, back in 2009, as a way to try to stimulate the economy out of the damage of the 2008 financial crisis. It worked! Or perhaps I should say, it worked at lifting up the stock market. Its effect on the actual economy is still open … Read more
Clumsy Social Media Campaign Against Coronavirus Misinformation May Have Drastically Reduced Public Awareness of Pandemic in Early February; Delayed Meaningful Preparation by Weeks
by johntwit It was widely publicized in late January that social media companies including Facebook and Twitter were going to crack down on Coronavirus related misinformation. This effort by social media companies was unprecedented, with Consumer Reports saying in an article that “experts say their efforts appear more aggressive than any previous crackdown … Read more
Italy Is About To Hit 1,000 Deaths Per Day
+919 today https://www.worldometers.info/coronavirus/ I Compared Italy’s Death Rate With The US Death Rate From A Different Angle I looked at deaths per million of population over time. Keep in mind that this ratio will rise over time as deaths rise daily, but population remains constant. I picked Italy because they have one of the highest … Read more
If Trump Says Something Like This, It’s Because He Hates People And Wants Them To Die. But Now That Andrew Cuomo’s Saying It
Cuomo wonders if coronavirus quarantine may have backfired in some cases. “We closed everything down. That was our public health strategy,” said Cuomo during an Albany press briefing. “If you re-thought that or had time to analyze that public health strategy, I don’t know that you would say ‘Quarantine everyone.’” It’s the third day in … Read more
They’re Mad That You’ve Prepared For The Pandemic And The Economic Collapse
by Brandon Smith via Alt-Market The Grasshoppers Are Swarming Mad That You Are Prepared For The Crash Most people are familiar with the tale of the Ant And The Grasshopper, an ancient fable about a grasshopper who spends the fruitful months of spring and summer in idle recreation, dancing and playing carelessly while the industrious ant works tirelessly … Read more
It Wasn’t “Different This Time”…It Was Worse & The Fed Will Fail
It’s never “different this time.” The Fed’s bubbles and busts keep coming and they’re getting more intense. Every bubble is bigger than the previous one, as is every “bailout.” Every “bailout” carries with it a promise for a future economic crisis. The Fed will fail.
MEXICO CLOSES BORDER WITH TH US. — Mexicans are now climbing the wall back into Mexico?
Video shot at the U.S.-Mexico border in El Paso, Texas, shows migrants climbing a fence as Border Patrol agents look on. It’s unclear whether the migrants were climbing toward the U.S. or Mexico side of the border. (June 27) SO MEXICO’S GOING TO BUILD A WALL AND PAY FOR IT? Coronavirus: Mexicans demand crackdown on Americans crossing the … Read more
Canadians face coronavirus recession – and Trudeau is hiking the carbon tax by 50% next week
The Royal Bank of Canada is projecting that double digit unemployment is going to hit Canada as a result of the #coronavirus economic collapse and instead of relief, you’re getting a 50% hike of the one tax that touches absolutely everything in your life. Read Sheila Gunn Reid’s FULL REPORT here: https://bit.ly/2UkKvpE
One of the Biggest Short Covering Rallies in History May Be Imminent
by Clive Maund of Streetwise Reports In recent days the Fed has made it plain that it is prepared to buy anything and everything to prevent imminent total collapse, and you don’t have to join many dots to see that this will extend to buying stocks. It’s not that hard for them—all they have to do is enter … Read more
Is Trump About To Set-Up Forced-Labor FEMA Camps In The US To Get America ‘Back To Work’?
(Silver Doctors Editors) President Trump has put the States on notice. He basically announced to the various Governors that new guidelines are coming from his Administration, so get ready to put your people back to work! Sourced via the New York Times via NPR (because Google’s search-and-ye-shall- be-force-fed is horrible): What exactly does “new guidelines for state … Read more
Michigan Dem. Rep. Haley Stevens has meltdown on Floor of the House
https://streamable.com/ps016
Banks Poised for Big Win on Loan Losses in Senate’s Virus Bill
(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
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
Buy the rumors, sell the facts
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
Russia’s RDIF: New OPEC+ deal possible to address demand if others join
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