Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction. By Wolf Richter for WOLF STREET: Corporate bonds have come under serious stress, starting on February 24 and building in a crescendo over the past 10 or so trading days. During this sell-off, credit-risk concerns are suddenly shooting to the top, as … Read more
We've had a massive asset bubble that is now crashing. Right now, most people are shell-shocked – they’re still in the denial phase. They’re thinking “Is this really happening? We’ll go back to normal soon.”$SPY $QQQ pic.twitter.com/C5nih2WToa — Jesse Colombo (@TheBubbleBubble) March 19, 2020 Credit has blown out (HY, IG and MUNI) to or beyond … Read more
By Simon Watkins One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia … Read more
by AC Every year, there are thousands of influenza cases that are tracked by the CDC. The two subtypes are H1N1 and H3N2. Nearly every year the number of cases reported for both strains tally into the thousands, if not tens of thousands for the United States alone. So the question is, why are there … Read more
by Tom McClellan The term “rogue wave” applies to strangely massive waves which occur in the ocean. And the same physics appears to show up in the movements of stock prices. Oceanographers who study this phenomenon have observed that it is not just about a wave being very tall above the mean sea level. A rogue … Read more
by Ron Paul of Ron Paul Liberty Report As with everything else, the government is making the coronavirus outbreak much worse. Rep. Thomas Massie, one of the few original thinkers in the US House believes government should step out of the way and let the free market address demands for things like testing kits. Plus, Massie briefs the … Read more
A Global Level 4 Health Advisory. All Americans abroad told to come home. All Americans at home told not to plan international travel. “If you choose to travel internationally, your travel plans may be severely disrupted, and you may be forced to remain outside of the United States for an indefinite timeframe.” Possibly related: Trump eyes grounding … Read more
https://twitter.com/AndrewBeatty/status/1240755884763959296 Senate Intelligence Committee Chairman Richard Burr, R-N.C., may have cashed in before the stock market was in free fall due to the coronavirus outbreak, according to a new report. ProPublica alleged on Thursday that Burr “sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate … Read more
My, Oh, my… —– Los Angeles County Is Now Under a Shelter in Place Order Los Angeles, like San Francisco…, now has its own shelter-in-place mandate, which is being called a “Safer at Home” order. City mayor Eric Garcetti, Los Angeles County Supervisor Kathryn Barger, and Department of Public Health Director Dr. Barbara Ferrer jointly announced the … Read more
By Irina Slav The growing supply glut in oil markets could end up filling all storage tanks worldwide, potentially causing prices to drop even further Global oil storage could overflow in the coming weeks as the coronavirus pandemic has dealt a severe blow to demand while Saudi Arabia has promised to supply 12.3 million bpd—not just … Read more
by John Mauldin I was critical of the Federal Reserve for its emergency moves last Sunday. But I now assume they weren’t panicking. Rather, they were trying to get ahead of the situation, going where we know we need to go and doing it now. Good on them. I apologize for my criticism. Without radical action (some … Read more
by lmao_rowing I’ve downloaded historic DJI data to look at how these events have changed markets when they’ve occurred. Any questions you have you can ask in the comments and I’ll try to answer (I’m pretty autistic though so take everything with a grain of salt). A triple witching hour on average corresponds to a … Read more
by The Phoenix The Everything Bubble has burst. The next crisis, the BIG one to which 2008 was the warmup, is fast approaching. During the 2008 crisis, the Fed did three things: Cut interest rates to zero making credit all but free for banks. Implemented large Quantitative Easing (QE) programs through which it printed $3.5+ trillion … Read more
It's not just the Fed. But also the ECB The BOCThe BOJThe PBOCThe BOE etc etcThe whole world is going to print and spend.And we are going to steal it.All of it. #Milkshake https://t.co/GQelvtaA50 pic.twitter.com/rMsNSrqodb — Santiago Capital (@SantiagoAuFund) March 18, 2020 https://twitter.com/VolatilityQ/status/1240636153642070018 https://twitter.com/NorthmanTrader/status/1240606831547953152 The global #fiscalstimulus is now bigger than during 2008/2009, yet it … Read more
I don’t know why the world still believes their data https://t.co/bABoG3JkXP — Alessio (@AlessioTMAD) March 19, 2020 For people just entering lockdown in North America, Europe, Australia, the UK and elsewhere, after 5-6 weeks of self-quarantine in Beijing we are finally starting to emerge. The buses in Beijing are as empty as ever but traffic … Read more
https://www.youtube.com/watch?v=1Zwwm4pmh_c The [DS]/MSM are pushing this event to the extreme, they are fighting for their lives, but the patriots are shutting down all the exits one by one. Future does prove the past, the patriots knew this was coming they were prepared for for this. Censorship on the social media sites have been removed, the … Read more
by peckx063 Stage 1: Denial. It’s just the flu. Most people don’t get sick. If you’re not old you’ll be fine. It’s media hype. It’s attacking Trump. Don’t look at your 401k for 6 months. Now is an excellent time to buy DIS. Don’t worry in 2 weeks this will all be over and we … Read more
Singapore, Taiwan and Hong Kong are witnessing fresh waves of coronavirus infections, as the growing number of cases around the world test their successful early defenses against the disease. Singapore reported 23 new cases late Tuesday, its highest daily count since the epidemic started. Taiwan recorded a single-day high of 10 cases of infection, bringing its … Read more
by Xayde26 I’m sure, at this point, you’re familiar w/ the term Quantitative Easing and what it means. The Fed, as of last night, reopened the Primary Dealer Credit Facility. This facility takes in commercial paper and other interest rate related products and in exchange issues loans (now at a zero rate). Except they added … Read more
Antiviral drugs that had held promise as a potential treatment for the did not work in one of the first major studies in seriously ill patients, researchers from China reported on Wednesday. “No benefit was observed,” the researchers wrote in The New England Journal of Medicine. The study tested Kaletra, a combination of two antiviral … Read more