I've just been informed by someone who would DEFINITELY know that @BernieSanders will announce that he will suspend his campaign on Wednesday or Thursday. — Don Winslow (@donwinslow) March 11, 2020
“My job is not to scare you out of your wits, but to scare you into your wits.” h/t Fiestyfiddle
by Martin Armstrong QUESTION: Hi Martin, I have been reading your blog with interest for six years now and recently I subscribed to Socrates. Thanks for all the insights. I have a question regarding the repo crisis and interest rates. Socrates correctly predicted the start of the repo crisis back in September. When will the Fed … Read more
by Josh Sigurdson with Tim Picciott via World Alternative Media Josh Sigurdson and Tim Picciott break down some of the plethora of recent news regarding the coronavirus epidemic that has been spreading faster than the news can keep up with it. Has it been engineered? In what way has it been engineered? Physically? Psychologically? There are no easy answers to … Read more
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Northman Trader’s clear-eyed founder, market analyst, and longtime skeptic, Sven Henrich, writes tonight that the astounding volatility in the financial markets is “screaming” at governments and central banks: “Intervene now!”: https://northmantrader.com/2020/03/08/vix-shock/ Unlike most analysts allowed to appear on mainstream financial news programs, Henrich … Read more
by John Ward …..as bacteria and fossil fuels begin the deconstruction of the most artificial Bull Run in history “The markets must decide,” said The Grantham Handbag many years ago. Don’t you just lerrv the way financial markets decide? On Wall Street yesterday, trading was suspended because the Dow Jones index had plummeted further and faster than … Read more
See new Tweets Conversation WCBS Newsradio 880 @wcbs880 #BREAKING: Gov. Cuomo announces 1-mile containment zone in New Rochelle in response to coronavirus cluster; National Guard will assist in delivering food, cleaning efforts. #BREAKING: Gov. Cuomo announces 1-mile containment zone in New Rochelle in response to coronavirus cluster; National Guard will assist in delivering food, cleaning … Read more
Gov. Charlie Baker declared a state of emergency as the number of Coronavirus cases in Massachusetts rose to 92 Tuesday, with untraceable cases popping up in the western part of the state. “I would have to say that the risk has increased,” Baker said of contracting the coronavirus, changing his tune from the “low risk” … Read more
by mapi credit: Fotech A recent article in Offshore-Technology revealed that British Petroleum (BP) bought a majority interest in a fiber optic innovation company called Fotech. Why would anyone care about BP buying Fotech? Because Fotech “uses artificial intelligence and edge computing in its products, covering areas such as surveillance, transport management, cable monitoring and rail management.” Roughly translated, they use fiber … Read more
by Simon Black Do you ever wonder what your bank account would look like today if you had made different career and life decisions? Well, a UK judge took the liberty of answering that question for one woman going through a divorce. The London couple were both studying to become lawyers when they decided to have … Read more
Vox has officially communicated that its secretary general, Javier Ortega Smith, has tested positive for coronavirus in a test carried out in the last few hours. The story jumps two days after that Vox held a major event with 9,000 people in Vistalegre (Madrid), which is asking for forgiveness after recognizing that it was a “mistake”. The president of Vox, Santiago Abascal, has … Read more
Joe Biden to an autoworker in Detroit on #MichiganPrimary Day: “I'm about to slap you in the face.” https://t.co/f5rKMkQOe8 — Laura Cox (@LauraCoxMI) March 10, 2020 Not sure, however. A bit hard to make out. But that’s the claim. h/t dr0id
Reasons to buy? Take the following with a grain of salt as I'm a bond guy, but I felt compelled to build a stock chart on how the GFC went down to highlight many failed bailout attempts (and reasons to buy along the way) yet until nearly everyone gave up, a bottom wouldn't form. pic.twitter.com/iO1u2DFNBe … Read more
Shares of Royal Caribbean and Carnival halted. I could see airlines because that’s an essential service, but cruise ships? I’ve said it many times, this will end in a bailout of the oil industry. The people who balk at bailing out $1.5 trillion in student loans are going to bail out bankrupt companies for just … Read more
https://www.bloomberg.com/news/articles/2020-03-10/robinhood-maxed-out-credit-line-last-month-amid-market-tumult Robinhood drew its entire $200 million credit facility from Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co., according to people familiar with the matter. It made the move just as fears of the coronavirus set off more than two weeks of violent market swings and heavy volume, during which Robinhood’s trading platform suffered … Read more
by kafkagoeswest Trump’s economic policies aren’t preventing what we’re seeing in Europe right now, from happening to America in the next six weeks. We are no closer to containment, and even as we see massive events cancelled like SXSW and conferences galore, you still have families in Disneyland, Vegas, and all sorts of interactions. This … Read more
by tthecchadd With the influx of new subscribers, I thought it would be helpful to create a guide on exactly how to treat gains/losses from a tax perspective along with how to avoid any potential penalties or surprises at tax time. While there are anomalies, this guide will apply to 99.9% of transactions discussed here. … Read more
Here is my source showing that all those countries are about 10 days behind Italy. 'All the graphs suggest that Britain and France and Germany are going to be exactly where Italy is in about 10 days' time', @Tobias_Italia tells @bevvo14. #COVID19 #TheWorld pic.twitter.com/rKb6joVfJI — ABC News (@abcnews) March 10, 2020 h/t ghsNICK
by PutCallParrot Puts and Calls A put is the right, but not the obligation, to sell an asset for a specific price. The asset the put holder has a right to sell is called the “underlying.” The price at which the put option allows the option holder to sell is called the “strike.” Put options have an expiration date, after which … Read more
by Washington_Nationals What are repo operations? Typically, banks lend to each other, in overnight loans. Banks have capital requirements, meaning they have to keep a certain amount of money to comply with federal rules. But because banks like to eek out as much profit as possible, sometimes they fall short of their capital requirement and … Read more