Credit didn’t even blink at Fed. New lows already.

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Credit didn't even blink at Fed. New lows already. pic.twitter.com/K91nUbyNec — Graham Summers, MBA (@gsummersmba) March 23, 2020 https://twitter.com/NorthmanTrader/status/1242116721785409542 Fed is in SERIOUS trouble now. Market didn't even bounce on unlimited QE + expanding into corporate and muni debt. WOW — Graham Summers, MBA (@gsummersmba) March 23, 2020 It took 3 months to reach 100,000 … Read more

FEMA DIRECTOR: “This Is Not Martial Law, The Department Of Defense By Way Of Mission…”

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(Silver Doctors Editors) The Coronavirus Task Force just finished holding its daily Press Briefing for Sunday, March 22nd. During the briefing, Martial Law was basically announced: The FEMA Director basically announced Martial Law by means of the thinly veiled “Title 32 Status”. And what does Title 32 Status mean? It means that the various National Guards of … Read more

Looks like Powell’s “Whatever It Takes” move this morning is failing Phase 1 clinical trials.

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Looks like Powell's "Whatever It Takes" move this morning is failing Phase 1 clinical trials. — John Tuld (@BradHuston) March 23, 2020 Global consumer spending collapsed 100% in a matter of weeks pic.twitter.com/qJ0QL79mjJ — Daniel Lacalle (@dlacalle_IA) March 23, 2020 “For most investors out there, I still tell them: Be cautious because we are in … Read more

St. Louis Fed Pres: “This is a planned, organized partial shutdown of the U.S. economy in the 2nd quarter.”

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Unemployment could reach 30% in the U.S., says St. Louis Fed’s Bullard Published: March 22, 2020 at 6:52 p.m. ET ‘This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole… It is a huge shock and we are trying … Read more

GET SNITCHING: Starting At 8 A.M., Pennsylvania State Police, Local Officials, Etc Will Begin ENFORCING Closure Of Non-Essential Businesses

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It looks like the state of Pa. wants you to snitch on local businesses that refuse to close. This should be interesting. From the article: “UPDATE 4:30 a.m.: Starting at 8 a.m., Pennsylvania State Police, local officials, the state Health and Agriculture departments and the Liquor Control Board will start enforcing the closure of all … Read more

DOJ Wants to Suspend Certain Constitutional Rights During Coronavirus Emergency!

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via rollingstone The Trump Department of Justice has asked Congress to craft legislation allowing chief judges to indefinitely hold people without trial and suspend other constitutionally-protected rights during coronavirus and other emergencies, according to a report by Politico’s Betsy Woodruff Swan. While the asks from the Department of Justice will likely not come to fruition with a Democratically-controlled House of Representatives, … Read more

Dr. Roubini & David Icke WARNS of a Financial Crisis Worse than 2008, 40% Market Crash and Riots in The Streets

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by Amy S.  Nouriel Roubini predicted the 2008 mortgage crisis meltdown, and in September of 2006 was laughed at to his face by an audience of economists from the International Monetary Fund. The same thing happened to Peter Schiff when he said the sub-prime market was going to be the catalyst of the 2008 recession. New … Read more

Democrats are basically admitting that their coronavirus responses are not based on health or the economy but about making Trump look bad

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Dems picked the wrong time to fuck around with partisan bullshit. The entire public is hyper vigilant on a single issue like they’ve never been before except for maybe 9/11. The MSM just waving a wand and acting like they can control the narrative any way they want simply isn’t going to work this time. … Read more

WHO: Lockdowns Not Enough to Defeat Coronavirus – We must find those who are sick, find their contacts and isolate them

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LONDON — Countries can’t simply lock down their societies to defeat coronavirus, the World Health Organization’s top emergency expert said on Sunday, adding that public health measures are needed to avoid a resurgence of the virus later on. “What we really need to focus on is finding those who are sick, those who have the … Read more

New Zealand: Every Non-Essential Business must close by Thursday. All People Quarantined.

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– New Zealand has been lifted to alert level three and alert level four in 48 hours. – Prime Minister Jacinda Ardern said community transmission is a possibility in New Zealand now. She said, “staying at home is essential”. – All non-essential businesses must close in 48 hours. This includes bars, restaurants, cinemas, playgrounds. Essential … Read more

Starting Tomorrow, America Will Begin Shutting Down With States Implementing A ‘Stay At Home’ Order In Place And Closing ‘Non-Essential’ Businesses

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by Geoffrey Grider America is being pulled into a fit a hysteria and panic, and conducting a bipartisan massive overreaction which will in no wise end well. How’s this for irony? All of the things that we warned you about during the Obama years, things like martial law, manufactured panic and hysteria, crashing economies and enforced quarantines … Read more

Oh Snap – McConnell Gives Pelosi Another Chance to Stop U.S. Market Collapse – Will ReFloor Emergency Funding Bill at 9:45am Monday…

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by sundance Man-o-man, this is some high-stakes poker playing, and it’s the United States economy on the table.   Mitch McConnell is going to put S.3548 The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, back on the senate floor at 9:45am ET tomorrow, 15 minutes after the stock market starts collapsing. [Read Bill … Read more

GOLDMAN: “Business activity continues to deteriorate at a rapid rate. .. We cut our S&P 500 EPS estimate for the third time in a month…”

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GOLDMAN: “Business activity continues to deteriorate at a rapid rate. .. We cut our S&P 500 EPS estimate for the third time in a month and now expect a decline of 33% to $110. On a quarterly basis, year/year EPS growth will equal -15%, -123%, -21%, and +27%.” (Kostin) pic.twitter.com/uqE8xGEKYQ — Carl Quintanilla (@carlquintanilla) March … Read more

In case you are unaware that corporate bonds are blowing up… The passive bubble is now bursting.

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In case you are unaware that corporate bonds are blowing up… IG, HY, and leveraged loans’ ETFs just had their largest monthly outflow in the history of the data. The passive bubble is now bursting. ETF providers are on the hook: $BLK $STT $IVZ This mess has just started. pic.twitter.com/RctDFRP30c — Otavio (Tavi) Costa (@TaviCosta) … Read more

Fed throwing the farm at it. If the DOW fails tonight it will be no coming back.

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Fed throwing the farm at it. If the DOW fails tonight it will be no coming back. — The Great Martis (@great_martis) March 23, 2020 https://twitter.com/NorthmanTrader/status/1242070765962395648 Long-term Treasury yields are falling despite the Fed's stated policy to destroy their value with massive inflation because no private investor will own any to maturity. The Fed is … Read more