by sundance Earlier today New York Governor Andrew Cuomo blasted FEMA during a press conference for sending 400 medical ventilators when his state needs 30,000. WATCH: . However, in 2015 the New York State Department of Health specifically studied the issue, warned about a critical lack of ventilators during a pandemic, and the New York Governor made a specific … Read more
by sundance You can tell when Speaker Pelosi recognizes a political backlash for her manipulative schemes because it’s the only time she blitzes the media. After suffering a very large political hit, beyond the capability of the media to defend, Pelosi said today the House will take up the Senate coronavirus bill. The writing was on the … Read more
Overnight I caught this….. That is not a glitch and you are reading that right.. a negative rate Treasury bond! Later on it did go up slightly into the positive View post on imgur.com https://www.cnbc.com/quotes/?symbol=US1M Regardless it went negative and we are going negative again even more so. That is the trajectory we are on. … Read more
https://www.thenewstribune.com/news/coronavirus/article241440106.html View post on imgur.com View post on imgur.com View post on imgur.com “I’ve spoken with seven, eight, nine, 10 governors so far. Each one of them has had requests for field hospitals. Those who have been along the coastline have talked about the need for ships, so we clearly can’t meet everybody’s needs with … Read more
COMEX Gold Market Is in Failure — Major Losses by Banks, Force majeure likely. There is no gold unless you have physical. (twitter) 1/2 I’ve received some important information relating to what’s going on in Gold markets. Today, some banks failed to deliver physical in the comex bar EFP. As a result, these banks suffered … Read more
Effective May 19 2020, Direxion is updating the objectives of 10 leveraged ETF, some of them Gold based. Originally found the article on Bloomberg: https://www.bloomberg.com/amp/news/articles/2020-03-23/ten-leveraged-direxion-funds-cut-exposure-amid-global-turmoil?utm_medium=deeplink Here’s also the statement from Direxion: http://www.direxion.com/press-release/direxion-changes-objectives-of-ten-leveraged-funds-to-address-extreme-market-conditions-while-also-closing-eight-funds-due-to-limited-interest-since-launch
Really exemplary primer from @pearkes on all the Fed facilities in his evening note Monday. This is just the quick and dirty summary table but each one gets amazing detail. pic.twitter.com/e7PCYndM0E — Luke Kawa (@LJKawa) March 24, 2020
People think it is going to end soon.. Italian govt is thinking to delay the end of the lockdown to July https://t.co/TnB0KJIHh2 — Alessio (@AlessioTMAD) March 24, 2020 Hong Kong is seeing new coronavirus cases, indicating that "quarantines and social distancing must continue well beyond the initial wave of cases, if another round of infections … Read more
The idiots just keep piling up. It is totally healthy that the markets gave up 4 years of growth in 1 month. 200 of the S&P 500 companies cannot pay interest on their debt. BUY BUY BUY — AR-John (@johnwieber) March 25, 2020 …not the Fed or taxpayers please… https://t.co/RDnUvStFfJ — George Goncalves (@bondstrategist) March … Read more
"40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings." On a brighter note, Greenspan, Bernanke, Yellen, Paulson, Geithner and Powell all have plenty of savings. https://t.co/eMGhikdNZP pic.twitter.com/iXe1ev5WuC — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) March 24, 2020 If you want to understand why we're facing a … Read more
We're going to put Weimar Germany to shame when this is all over. And $6 trillion won't be the end of it…https://t.co/p4P6vQOymm — Jesse Colombo (@TheBubbleBubble) March 24, 2020
via valuewalk: Crescat Capital’s commentary for the month of March 2020, titled, “This Is It”, discussing the economic crisis and the repo liquidity crisis. Dear Investors: Many of you understandably have been asking for more frequent performance and positioning updates now that we are in a bona fide financial crisis. We are happy to oblige. Crescat … Read more
by coffee-trader Today is pure optimism and the reaction to good news (or what looks like good news). Fiscal stimulus is anything but certain by tomorrow, FED is doing unlimited QE, and Trump thinks the US can open up by Easter. Fiscal stimulus takes time to kick in and for many people and businesses comes … Read more
Guess where is it going now pic.twitter.com/MyIKI8Qo8O — Alessio (@AlessioTMAD) March 24, 2020 https://twitter.com/disclosetv/status/1242499620170760193 They spoke of minus 25% GDP after 2 years and a recession comparable to the Great Depression https://t.co/0UdjhyIlhn — Richard Werner (@scientificecon) March 24, 2020 This headline was only a matter of time, and probably not the last one … *BROKERAGE … Read more
Jerry Robinson interviewed by Dunagun Kaiser on Reluctant Preppers FULL SHOW NOTES AND LINKS HERE As the world’s rapt attention is fixated on the pandemic, an economic and financial tsunami is just starting to wreak unfathomable havoc on our lives from here forward. What will become of our jobs, our homes, our earnings and savings, our investments and pensions, … Read more
This is the moment when yield-chasing turns into a massacre. By Wolf Richter for WOLF STREET: Leveraged loans – they’re issued by junk-rated overleveraged companies with insufficient cash flows – are part of the gigantic pile of risky corporate debt that is now being brutally repriced as concerns over credit risk (the risk of default) are finally bubbling to the … Read more
by Shaun Richards This morning has seen the first actual signals of the scale of the economic slow down going on. One of the problems with official economic data is the time lag before we get it and this has been exacerbated by the fact that this has been an economic contraction on speed ( … Read more
This “stimulus package” has become a political wishlist for both sides. F*ck both sides. Kudlow: "The total package here comes to roughly $6 trillion." Wow. — Josh Rogin (@joshrogin) March 24, 2020 To congress critters, the coronavirus is like Santa Claus, the Easter Bunny and the Tooth Fairy all rolled into one — on steroids. … Read more
As California continues its statewide shelter-in-place order in response to the spread of coronavirus, California governor Gavin Newsom stated that the daily number of unemployment insurance claims in the state has skyrocketed dramatically. During a press conference Monday night, Newsom reported that the daily average of claims over the last seven days is 106,000. The … Read more
