We need to brace for longer lockdowns

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We need to brace for longer lockdowns: “Americans should be prepared that they are going to have to hunker down significantly more than we as a country are doing” says longtime NIAID director Dr Fauci. He is one of the few voices in US govt that I absolutely trust on #COVID19 pic.twitter.com/kIoLH5yjIh — Eric Feigl-Ding … Read more

Ray Dalio: “We did not know how to navigate the virus…So, we stayed in our positions and in retrospect we should have cut all risk” – indexers are in good company

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https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e4d3 Hedge fund legend Ray Dalio talks about the losses his fund has taken. They had to decide how to respond to the coronavirus situation, and just sat on their hands. No doubt many more mutual and hedge funds are having to make tough re-allocation decisions right now. I know folks here are mostly buy-and-never-sell … Read more

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program

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The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus. https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-pr

DD : Intel

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by the_dark_side A little bit of background on Oregon, where the Intel Headquarters is located and 40% of their overall Fabrication sites are located.: Oregon can currently test about 80 people a day. Basically, we have no idea how many people are sick in the state. But there has been multiple community spread cases and … Read more

Report about the condition in Germany

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by LaweKurmanc Just wanted to give a quick report about the conditions in Germany: Many people didn’t expect it to become this big. A little bit nervousness and fear is spreading. Beforehands many tried to be cool or make fun of it. People are told to stay home and try to keep down the numbers, … Read more

Mental Health in Crisis Times

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by remember_nocoomer Ok boys since I am a GIANT pussy who actually cares about the well being of people regardless if I know them or not Im making this post. Call me gay or whatever idc. Obviously an economic recession is very possible and lots of people, including some of you guys, could get laid … Read more

Unemployment Compensation SYSTEM already f*cked

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by WolfOfWeedstocks Seasonal construction worker, can confirm. Currently laid off, waiting to goto work when weather breaks. This happens to me almost every year, lay off for 1-3 months during winter, then back to work around spring time whenever recession ends. I sign up for my free govt unemployment every other Sunday(that’s 1st day you can sign … Read more

Some DD on oil and the industry

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by LeChatBurglar I’ve been seeing a lot of people buying calls/LEAPs for oil, USO, service companies, etc. and saying they’re a good buy right now. There is further pain for the oil business, even if Saudi and Russia hug and play 4-square again tomorrow without any further issues. I want to help you all with … Read more

Here’s what could really sink the global economy: $19 trillion in risky corporate debt

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London (CNN Business) – Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. Looking to take advantage of low interest rates, … Read more

In 08′ we bailed out the banks. in 20′ we are bailing out ENTIRE industries. What is it called when public funds are used to bail out industries? THE DEATH OF CAPITALISM

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https://twitter.com/GregMannarino/status/1238977742776832001 https://twitter.com/dynamicvol/status/1239010102612459526 Deficits are going to skyrocket globally. Will that huge need for debt cause QE to be aimed only at bond mkts? In other words, does any new global QE 💰that used to leak into stocks (Portfolio Balance Channel) now need to remain in bond mkts + what does that mean for stocks?🤔 pic.twitter.com/D7U5GVBBbb … Read more

JPMorgan officially forecasts a coronavirus-driven recession will rock the US and Europe by July

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https://markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. The bank said its views of the coronavirus outbreak “have evolved dramatically in recent weeks.” JPMorgan economists now expect US GDP to shrink by 2% in the first quarter and 3% in the second. Eurozone GDP could … Read more

Dr. Oz on Coronavirus: “This Has been Around. A Lot of People Had This and Didn’t Realize It. 80% of People Had Very Subtle Symptoms”

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Television personality and practicing surgeon, Dr. Oz, joined FOX and Friends Weekend on Sunday for an hour to discuss the ongoing coronavirus pandemic. During the discussion Dr. Oz told the co-hosts President Trump should not have had the coronavirus test. “He didn’t fit the criteria. He didn’t show symptoms.” Dr. Oz also explained that the … Read more

If you fear the corona virus more than the economic devastation that Governments and the Media are imposing on people right now, you’re an idiot. What they are doing is criminal.

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by greyabassador What Governments and the Media are doing is criminal behavior. They are fabricating panic at an unprecedented scale that is completely disproportional to the threat that Coronavirus poses. Their excuse is that they want to “save lives”, but whose lives are they really saving, and how many? The economic devastation will last for … Read more

While everyone is completely distracted by a virus, the bipartisan EARN IT Act is poised to subvert encryption under the guise of protecting the children

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“Never let a serious crisis go to waste.” EARN IT is a direct threat to constitutional protections for free speech and expression. To pass constitutional muster, a law that regulates the content of speech must be as narrowly tailored as possible so as not to chill legitimate, lawful speech. Rather than being narrowly tailored, EARN … Read more