Anti-Trump left-wing lunatics in California are deliberately trying to spread the coronavirus to collapse the US economy and hurt Trump’s election chances.
by Shaun Richards We are facing quite a crisis and let us hope that we will end up looking at a period that might have been described by the famous Dickens quote from A Tale of Two Cities. It was the best of times, it was the worst of times, it was the age of … Read more
https://youtu.be/3n-WFv9_puY Bill Maher said said several times we need the economy to crash and it’s that or trump https://youtu.be/kuIp5DYf8Lc And another time https://youtu.be/NoeXlQw0jck “This is economy is going pretty well, we have to do something”, “the bottom needs to fall out” “we need to root for a reccesion” it’s that or trump “you should root … Read more
Fed putting massive money into system today. Stocks rising but credit near the lows/ not believing it. — Graham Summers, MBA (@gsummersmba) March 20, 2020 Credit can certainly get worse: ratings, quality & covenants are both crappier than they were a decade ago. The upside is that the Fed moved much faster to stop forced … Read more
Reality Check: 5th largest GDP in the WORLD – just went into lockdown! Now, ask yourself: Is this really priced in? $SPX We need a stimulus plan just to replace California! Straight talk from Trump is essential + nothing he says can be trusted#COVID19 #TrumpIsTheBlackSwan https://t.co/u71JOsV7ch — Samantha LaDuc (@SamanthaLaDuc) March 20, 2020 COVID-19 in … Read more
Yes you read that right. https://twitter.com/michaelsderby/status/1240805923389669377?s=21 😬 "Americans will need to stay home for at least several weeks" https://t.co/DhcK4sHust — M/1_LP (@MI_Investments) March 20, 2020 Upcoming job losses will be unlike anything the US has ever seen The coronavirus crisis is likely to result in layoffs on a scale that the U.S. has never seen … Read more
CNBC’s “Squawk Box” team is joined by former FDA commissioner Dr. Scott Gottlieb to discuss how the U.S. is preparing for more coronavirus patients and what is needed from the health care system.
Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction. By Wolf Richter for WOLF STREET: Corporate bonds have come under serious stress, starting on February 24 and building in a crescendo over the past 10 or so trading days. During this sell-off, credit-risk concerns are suddenly shooting to the top, as … Read more
We've had a massive asset bubble that is now crashing. Right now, most people are shell-shocked – they’re still in the denial phase. They’re thinking “Is this really happening? We’ll go back to normal soon.”$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