The Looting Begins as Stores Close

by

by Martin Armstrong Looting begins whenever there is a crisis of this nature and stores are ordered to close, such as during hurricanes or earthquakes. In Panama, the looting has begun. There are 200 cases of the virus in Panama, and most reported cases appear to be imported by travelers. Many places are refusing to test people … Read more

Technically Speaking: Fed Goes All In. When’s The “Bear Market” Rally?

by

by Lance Roberts Let’s flashback to a time not so long ago, May 2019. “It was interesting to see Federal Reserve Chairman Jerome Powell, during an address to the Fernandina Beach banking conference, channel Ben Bernanke during his speech on corporate ‘sub-prime’ debt (aka leveraged loans.) ‘Many commentators have observed with a sense of déjà vu the … Read more

IL/Chicago just locked down everyone! Millions of Citizens.

by

IL Governor just ordered SHELTER IN PLACE! Holy f*ck this is for real now. It’s all fun and games until doom gets so real that you’re part of the several couple Democratic states/cities that tell you to lock down via TV. https://www.chicagotribune.com/coronavirus/ct-coronavirus-illinois-shelter-in-place-lockdown-order-20200320-teedakbfw5gvdgmnaxlel54hau-story.html Gov. J.B. Pritzker issues order requiring residents to ‘stay at home’ starting Saturday … Read more

OMG! AOC Proposes Plan that Will RUIN Our Country For GOOD!

by

https://www.youtube.com/watch?v=8X02JSTgSGg Virginia Kruta from The Daily Caller reports, Democratic New York Rep. Alexandria Ocasio-Cortez said Sunday that she would support a plan to put stimulus money in the hands of all Americans, regardless of wealth. Ocasio-Cortez joined CNN’s Jake Tapper to discuss the continued spread of CV and the Trump administration’s response to the economic … Read more

You Lose… THE FED IS BUYING THE WORLD and THEY NOW OWN YOU – Gregory Mannarino

by

TradersChoice.net, Released on 3/23/20 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Oil Majors Are Preparing For $10 Oil

by

By Nick Cunningham The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.  Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and … Read more

Paul Craig Roberts: Debt Forgiveness & Nationalization Are The Answers To This Economic Crisis

by

by Paul Craig Roberts via PaulCraigRoberts.org The US airline companies have bankrupted themselves by buying back their stock in an enrichment scheme for CEOs and board members (https://www.lewrockwell.com/2020/03/david-stockman/the-crony-capitalist-thieves-are-back/). With the impact of the virus on their revenues, Congress is handing them a $50 billion bailout.  Instead of being bailed out they should be nationalized.   In the health and economic … Read more

Damning truth about Nancy Pelosi’s coronavirus bill

by

Tom Cotton lays out damning truth about Nancy Pelosi’s coronavirus bill This isn’t about helping Americans. Nancy Pelosi is only trying to help herself. Tom Cotton @SenTomCotton Families and businesses need help now to survive the China virus pandemic. But @SpeakerPelosi walked away from negotiations to write her own bill, full of absurd provisions completely … Read more

Fed has completely lost their grip on the market. Stimulus was never coming out early in the week, they are waiting to cushion the jobs report.

by

by swaggymedia Every time market has limited-down fed comes out with some bogus news conference trying to pump the market. The stimulus package was never meant to come out early this week, they are waiting until end of week after the brutal jobs report comes out. They need a cushion. Donald Pump having daily meetings … Read more

We Are Facing a Depression, Not a Recession

by

By John Mauldin We are already seeing large increases in request for unemployment insurance. It is going to explode. Let’s look at this data from Homebase. A stunning 39% drop in the number of hourly employees going to work in the U.S. just in the 10 days ended Friday, March 20. Is there anybody who … Read more

Reuters: PG&E utility to plead guilty to involuntary manslaughter over 2018 fire

by

https://www.reuters.com/article/us-pg-e-us-bankruptcy/pge-to-plead-guilty-to-84-involuntary-manslaughter-counts-over-2018-wildfire-idUSKBN21A1TJ PG&E Corp (PCG.N) said on Monday its utility unit agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive fire in California’s history. In a regulatory filing, PG&E said the plea by its Pacific Gas & Electric unit was part of a March 17 plea … Read more

Why people say that in times like this Fed printing money and government “bailouts” are bad?

by

by ObservationalHumor Simplest answer? General ignorance of how these polices are implemented, what’s driving the problems in the economy, their impact and what exactly the stakes are if they are not pursued. In general it tends to boil down to some oddball moralizing argument about how debt is innately bad and you periodically need waves of … Read more

Recent events in oil geopolitics.

by

by ObservationalHumor So just another oil update here. Things seem to be coming to a head quickly as major oil refiners like Exxon are opting to reduce refinery output. This might prove problematic for Saudi Arabia’s strategy of flooding the market with oil as there’s literally no one to buy it and their decision to reserve … Read more

The FED has officially wasted their ultimate

by

by Vi0lentByt3 Barely a week into the unofficial self quarantine and papa J has already wasted one of the FEDs most powerful tools, literally just buying every fucking bond they can. It was said here before, the Federal gov is throwing money at a problem that doesnt accept cash. There is no way to prop … Read more