People think it is going to end soon.. Italian govt is thinking to delay the end of the lockdown to July… Hong Kong is seeing new coronavirus cases

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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

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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.”

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"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

The crash was coming with or without the coronavirus pandemic. It started from record highs, historic leverage & the most fundamentally over-valued composite of multiples ever, higher than 1929!

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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

It’s margin call day everywhere, wow

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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

Is China Accelerating The Bankruptcy Of The United States?

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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

Leveraged Loans Blow Out – Distressed Corporate Debt Spikes

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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

4000% raise in California unemployment. Over 100K people have applied for unemployment since March 15 in Wisconsin

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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

Trudeau Joins the International Coup?

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by Martin Armstrong The worldwide plot of the left to effectively overthrow Democracy is alive and well in Canada as well. The emergency bill introduced by Trudeau would grant cabinet sweeping powers to tax and spend without parliamentary approval through the end of 2021. In other words, Trudeau is using this manufactured crisis to eliminate … Read more

AOC: The Wuhan Coronavirus Shows Us How Great the Progressive Movement Truly Is

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Progressive darling Rep. Alexandria Ocasio-Cortez (D-NY) made the case that the proposed Wuhan coronavirus relief package that’s currently floating in Congress shows why progressive ideas and the progressive movement are achievable. “It’s actually a fascinating progressive moment because what it’s shown is that all of these issues have never been about how are you going … Read more

Wall to Wall: Small businesses struggle amid coronavirus pandemic

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Small business owners and employees across America are desperately awaiting the Senate passage of a coronavirus economic stimulus bill. One America’s Greta Wall discussed how small businesses can take advantage of the stimulus package with Small Business & Entrepreneurship Council President & CEO Karen Kerrigan. https://www.youtube.com/watch?v=rQp_N1kOM_o

Compliance Checks Begin In Nevada! Police Visit 113 Businesses, Suspend Violator’s Licenses

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Las Vegas authorities are out around Clark County to enforce Gov. Steve’s Sisolak’s order for nonessential businesses to close their doors. Las Vegas police have visited 113 businesses with their compliance team, and 7 business licenses were suspended for stores or businesses that did not voluntarily close. Learn More: http://undergroundworldnews.com/2020/…  

Jimmy Dore rips apart Joe’s last video

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100% agree. Jimmy is funny and ideological, but I respect that he knows what he believes and why he believes it, even though libs are flat out wrong on most things. Jimmy is clearly sick of the corrupt, hypocritical phonies who enrich themselves and their cronies. He knows Sleepy Joe is a lost cause and … Read more