If China valued free speech, there would be no coronavirus crisis – when governments try to cover up the truth, it only harms the world

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via theguardian The death of the whistleblower Chinese doctor Li Wenliang has aroused strong emotions across China. Social media is awash with posts mourning the death of a martyr who tried to raise alarm over the coronavirus but was taken into a police station instead for “spreading false rumours” and “disrupting social order”. Grief quickly turned into angry demands for … Read more

Jawboning the Fed on Cutting Rates

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by Martin Armstrong COMMENT: Hello Martin, I see President Trump is still calling for interest rate cuts from the Fed. I know he is a businessman and with the current situation is he making the right call with all his business knowledge? ( not sure the reason for the name-calling?) Trump presses ‘pathetic’ Fed to cut … Read more

Banking system will implode if this happens…

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THIS chart is why I wrote THIS:https://t.co/JZE0kHPeSp Banking system will implode if this happens. Think of life w/no mortgages, no car loans. That’s what it means if there’s NO curve to speak of. This is what happens when CBs go too far ⁦@Quillintel⁩⁦@SoberLook⁩ pic.twitter.com/qEg4RIqqe2 — Danielle DiMartino Booth (@DiMartinoBooth) March 11, 2020 https://twitter.com/NorthmanTrader/status/1237812856940367872 FED INCREASE … Read more

90 SCHOOLS to CLOSE IN SAN FRANCISCO

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UPDATE: All 90 Catholic schools close in SF, Marin and San Mateo counties after a student tested positive for the #coronavirus.https://t.co/weguv17ojS — San Francisco Chronicle (@sfchronicle) March 10, 2020 Total coronavirus cases: • 162 in California, including 99 in the Bay Area • 1,025 in the U.S., including 24 deaths: 3 in California, 19 in … Read more

Nancy Pelosi Shuts Down Nadler’s Request to Flee DC over Coronavirus: ‘We’re the Captains of This Ship’

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JOSHUA CAPLAN10 Mar 20202,919 2:58 House Judiciary Chairman Jerry Nadler (CHICKEN SHIT) (D-NY) on Tuesday said Democrats should flee Washington, D.C. as coronavirus continues to spread across the United States — A suggestion which was immediately shut down by House Speaker Nancy Pelosi (D-CA), according to a report. Nadler made the remark in a closed-door caucus … Read more

MAJOR BAIL-OUT – President Trump to bail-out Oil Industries with Federal AID

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Federal Aid = Your Tax Money As stock market plummets. https://www.texastribune.org/2020/03/10/white-house-likely-pursue-federal-aid-shale-companies/ “One of the companies hardest hit was Continental Resources, founded by Harold Hamm, a Trump supporter and an adviser to the president on energy issues. He said that the administration should consider using illegal dumping laws to prevent Russia and Saudi Arabia from slashing prices of … Read more

Lehman Brothers 2.0 Is Unfolding! What Stopped The Last Crisis? The Fed Fought Back By Launching Rate Cuts And QE. This Crisis Started When The Fed Was Already Doing Rate Cuts And QE.

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by The Phoenix The world is facing two crises. The first, coronavirus, is manufactured, the second, a credit implosion, is very real. The coronavirus panic was 100% made up and manufactured by the media. Globally 100,000 people have been infected and a little over 3,000 have died. Swine Flu infected 60 MILLION and KILLED 60,000 people, in … Read more

Video: Joe Rogan with Infectious disease expert Michael Osterholm, says “We need to stop thinking this is only an Old Person disease”, Italy has seen severe cases of people 40 years and older. What he says is pretty nuts

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by rawrtherapy what Michael says is nuts basically saying that a lot of the people passing away were smokers that are more than likely matched to the respiratory issues caused by corona what illness in america has the same issues that smoking entails? Obesity. He basically said that obese people, which is like what 50% … Read more

JPMorgan and Citi have already made half a billion dollars selling puts, spokespeople decline to comment

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(Bloomberg) — The historic panic in global stock markets has spawned a fortune for some of the world’s biggest investment banks. JPMorgan Chase & Co. and Citigroup Inc. have added about $500 million in revenue from equity derivatives trading year-to-date compared with the same period in 2019, people familiar with the matter said. Trading surged … Read more

Goldman says the bull market will end soon… Buybacks have been decreased by 46% YoY… $140 billion in energy debt at risk of imminent downgrade to junk

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Goldman says the bull market will end soon with stocks dropping another 15% from here https://t.co/vJ1TtZPDge — CNBC (@CNBC) March 11, 2020 $140 Billion In Energy Debt At Risk Of Imminent Downgrade To Junk For years, those warning about a “fallen angel” tsunami were mocked and ridiculed at by the Fed-loving polyannas. In the coming … Read more

Saudi Russian Oil Price War DD

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by Malokium Russia has been trying to destroy US shale ever since they have been passively sitting aside eating up marketshare in the oil industry. They are using this price war to do that. Russia has been increasing production, and stockpiling for this in the short term, while Saudi has been cutting. Saudi raised production … Read more

LIVE: San Francisco is officially not busy.

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by pineapplesushitaco Had the interns counting people crossing a one block section of Market street. Foot traffic is down 68%. It’s a lovely day, sunny and the vagrents are unusually sober. Human feces and needles on the sidewalk volumes remain stable. Retail slaughtered in the next 90 days. Starbucks cutting shifts. SF Today  

Frendly Reminder for new bears: Don’t hold inverse ETFs overnight.

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by biochemguy Just doing some due diligence, something I suspect many of you haven’t done. https://www.ally.com/do-it-right/investing/long-inverse-etf-strategies/ ” Don’t use inverse ETFs to hedge your portfolio against a longer-term downswing in the markets. This is a mistake because of the disadvantage of daily rebalancing. ” Go ahead and read that page from the start before you … Read more