by biotechvest “We average about 2,000 unemployment insurance claims a day,” Newsom said. “Two days ago or three days, we saw about 40,000 applications. After that 70,000 applications. Yesterday, 80,000 unemployment applications.” I won’t be surprised if it reaches 150K a day by next week. What’s happening is unheard of. California unemployment claims to 80,000 … Read more
by dethneer Ok so it seems like every company and industry is coming out of the woodwork to ask the government for a bailout, from hotels to restaurants to manufacturers. Freaking Wendy’s mooned 40% yesterday because of bailout hopes. However they fail to realize that the Trump administration is stingy af and no one is … Read more
by smerff First of all, I’ve lost $12k since yesterday mornings open. LYV, NCLH, and SIX puts that I bought yesterday. I’m not worried, I know I’ll be cashing before their expiration. We’ve got more to fall. A lot more. Credit agencies have barely started their corporate downgrades yet. No bond or loan payments have … Read more
by SpontaneousDisorder By the end of the crisis will central banks have just nationalized everything by buying up stocks and corporate bonds? Who gets to vote on this socialization of the means of production? BOJ-Held ETFs Carrying 2-3 T. Yen of Loss: Kuroda Tokyo, March 18 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda said Wednesday … Read more
BY SRSROCCO The oil price collapse is a bad omen for much worse things to follow. The global contagion is impacting the U.S. economy and the domestic oil industry far greater than I realized just two weeks ago. As I try to allow my analysis to “Catch Up” to the gravity of the situation, my … Read more
By Tsvetana Paraskova Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what he sees as “Saudi blackmail,” sources familiar with Moscow’s thinking told Bloomberg. The OPEC+ coalition between OPEC’s leader Saudi Arabia and the leader … Read more
by Wayne Allyn Root All my life, four titles have best described me: Conservative, Libertarian, Capitalist and Contrarian. Keeping those in mind, I have great questions and doubts about what roads have been chosen to combat Coronavirus. I think it’s our right and duty to ask questions in a free society. I just don’t know if … Read more
Police in Central China's Wuhan arrested 8 people spreading rumors about local outbreak of unidentifiable #pneumonia. Previous online posts said it was SARS. https://t.co/oVpk4EIYM7 pic.twitter.com/JXbK9pmq8v — Global Times (@globaltimesnews) January 1, 2020 F*ck the CCP. F*ck communism. h/t Builder
by C Hamilton Summary Coronavirus is no plague or Spanish-flu, but we aren’t who we once were either. So the end result may be the same?!? The young (representing the future) cannot cover the rapidly growing debt…and the policies to avoid dealing with the debt are ultimately destroying future economic activity. The US is going bankrupt … Read more
By Harry Dent We’re now in week two of serious disruption as a result of the coronavirus, and the markets are in the middle of what’s looking like an extremely steep crash. Only 1987 can compare, and those circumstances were totally different. I’ve spent the week trying to sort out what we should expect to … Read more
Orange Man isn’t so bad afterall…
The simple test can show how many people have really been infected. U.S. researchers not only developed a simple antibody test for the new coronavirus (SARS-CoV-2), they shared the instructions on how to make the test online, so that labs around the world could replicate it. Labs could easily scale the test “to screen a … Read more
by David Haggith You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death. It’s happened via face-plant … Read more
President Trump, moving with haste to slow the spread of the coronavirus, is preparing a plan to mobilize the National Guard to help enforce a two-week quarantine of the public if his tough-love efforts so far fail. The unprecedented action would require everyone to “stay at home,” according to a source knowledgeable of the evolving … Read more
26,000 employees that were notified of layoff’s. https://finance.yahoo.com/video/amc-ceo-coronavirus-closings-caused-193352495.html https://www.msn.com/en-us/money/video/amc-to-close-us-theaters-for-6-12-weeks-we-need-relief-right-now-says-ceo/vi-BB11qD92 AC
Truck Drivers / Trucking companies often find out things before anybody else, especially in an emergency situation that we are in because without truck drivers everything stops and we see and learn a lot across the country and at shippers and etc. It is now being expected that mass shutdowns/lockdowns and people not allowed to … Read more
FRIEND OF THE WORKER: They were promised pay until November, no matter what. UPDATE: From the comments: “Dang, you’d think Mike Bloomberg would care about the little people.” Related: h/t GR
A comment on Zero Hedge: Now, lets summarize what is currently happening -Somebody’s precious little bioweapon escaped the lab probably 6 months ago -Practically everything is shut down right now. I haven’t seen my town this quiet since 9/11 -All major sportsball events are cancelled -Practically all large events are cancelled -We still have barely … Read more
The [DS] continues to push their event, this is failing. Trump and the patriots are preparing for a major operation. Trump started the narrative of a cure and the MSM will not acknowledge it. The pill will be hard to swallow, but when the patriots unseal the indictment much will be revealed. The patriots have … Read more
