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by Martin Armstrong COMMENT: Hi, Am a long time blog follower, as well as a Plus membership subscriber. I penned this poem about the absurdity that is happening with this Corona episode. I was hoping that you could share it with the public on your blog. Hour after hour day after day, mainstream and state … Read more
by The Phoenix Stocks are up somewhat this morning. This marks the second Monday stocks will open in the green (last Monday was a green open as well) following two horrifically bad weekend sessions that saw stocks open limit down or close to limit down (March 2nd and 9th). In the simplest of terms, the panic in … Read more
from Financial Survival Network Sam McElroy returns to the program… Student loan borrowers can suspend payments for 60 days without interest Borrowers with federal student loans will be able to pause their payments for two months without interest accruing, President Donald Trump and the Education Department said Friday. The move is an effort to help those financially … Read more
PHOENIX — Arizona schools will remain closed for the remainder of the school year, according to a Monday notice from state officials. Governor Doug Ducey and Superintendent of Public Instruction Kathy Hoffman released the following statement Monday: “In alignment with yesterday’s updated federal guidance, today we are announcing the extension of school closures through … Read more
by Potstick3rs So I’ve been looking at CLOs (Collateralized Loan Obligations) recently and I’ve got to say… This stuff sounds like a “largest bag of odorous excrement” to quote Jeremy Irons. If you’re not familiar with CLOs you should read this great article on that goes into a fair amount fo detail: https://www.naic.org/capital_markets_archive/primer_180821.pdf From my point … Read more
Article: https://www.reuters.com/article/us-oil-opec-trump/u-s-russia-agree-to-oil-market-talks-as-trump-calls-price-war-crazy-idUSKBN21H216 So we’ve got a more a more official move towards a possible deal or cooperation in the oil markets. Again this is early and it’s tough tough to say if anything will come of it, but the fact that Putin is stepping in here on the side of a potential deal bodes well. It’s … Read more
by Davidkingq123 Global stocks are edging lower, and oil prices have plunged to 17-year lows at the start of another week set to be dominated by the coronavirus pandemic. But U.S. stocks rallied on Monday. The investor optimism came despite President Trump extending the U.S. lockdown to April 30 and public health officials warning that … Read more
To compute our index, we extract the first principle component from these seven time series, using the sample from January 2008 to present. We scale our index to four-quarter GDP growth, so a reading of 2 percent in a given week means that if the week’s conditions persisted for an entire quarter, we would expect, … Read more
https://twitter.com/PuffDragon11/status/1244690676177985538 And again.. like last Friday.. the market is floating without volumes pic.twitter.com/msqMpgdhTO — Alessio (@AlessioTMAD) March 30, 2020 Look at the trade volume for today. It hasn’t been this low in a minute. I would not count the gains for today quite yet because a big downward shift or sell off could make the … Read more
This is actually the biggest scandal and betrayal of the public trust since the founding of the republic. An anti-democratic institution set up to control our currency (and economy) that could only be justified through independence. End the charade and bring it under Treasury. — Douglas Verity (@verity_douglas) March 30, 2020 Should market conditions deteriorate, … Read more
TEXAS IS FUCKED https://t.co/CiyoDduNKz — The Long View (@HayekAndKeynes) March 30, 2020 If you are not familiar with the situation concerning Canadian crude oil the price below may come as quite a shock…. https://t.co/I5oayidp2f — Shaun Richards (@notayesmansecon) March 30, 2020
Fed seems to suggest this too https://t.co/ggpXug3UKv — Jordan Schachtel (@JordanSchachtel) March 30, 2020 FED: Third of Americans will be unemployed… KEY POINTS The coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections. There are nearly 67 million Americans working in jobs that … Read more
by hjkoivu I’m gonna be honest here. Every bull out there should be nervous in this blind optimism. First of all the VIX is still very elevated. Second, we’ve been receiving nothing but bad news and stocks are still going up. Third, It looks like we might have another housing crisis on our hands and no … Read more
by HowGreatAreYourDanes Credit for the content below should go to Barry Habib of MBS Highway. THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be … Read more
This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a while.@YahooFinance Morning Brief has explored this in recent weeks: https://t.co/PxQHCJuMaJhttps://t.co/V2hKQldqMuhttps://t.co/X6V2ongXn8 https://t.co/lcGT1M8yWT — Sam Ro 📈 (@SamRo) March 30, 2020 The best #recession indicator did it again… https://t.co/I0sxCwlbbc pic.twitter.com/VxfiKyYf3v — jeroen blokland (@jsblokland) March 30, 2020 The 2020 $SPY … Read more
by MemoryOfThatDay “The archetypal wonderful company—think See’s Candies—grows with minimal incremental reinvestment, compounding the intrinsic value at a high rate while paying out most earnings. Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage, investors are rewarded for holding wonderful companies for long … Read more
Thoughts on this? “IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back … Read more
by Global-Quiet I’ve noticed a trend of posts which can basically be reduced to be “it’s bad, so let’s short”. I’d suggest that we should go beyond this type of analysis to not get caught holding the bag. In short, the outright level of “how bad it is” isn’t what drives markets in the long run … Read more
by LAXtoHNL After a couple of weeks of trying to determine who will be hit hardest by the beer flu, I now feel that Hawai’i is beyond f*cked. Having been to Hawai’i numerous times, I cannot imagine how Hawai’i recovers. There are virtually no flights going to Hawaii, Hawaiian Airlines is all but grounded, 80-90% of … Read more
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, … Read more