And before anybody points it out, yes, I know HY is blowing out everywhere, and here is the CDS chart pic.twitter.com/NjgqMqK50k — TC (@TESLAcharts) March 16, 2020
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average#Largest_percentage_changes NASDAQ UNOFFICIALLY CLOSES DOWN 981.37 POINTS, OR 12.46 PERCENT, AT 6,893.51 DOW JONES UNOFFICIALLY CLOSES DOWN 3,061.70 POINTS, OR 13.21 PERCENT, AT 20,123.92 S&P 500 UNOFFICIALLY CLOSES DOWN 327.20 POINTS, OR 12.07 PERCENT, AT 2,383.82 — *Walter Bloomberg (@DeItaone) March 16, 2020
Contagious. Unobserved by many, most Aussie banks already lost 60% of their value! A historic housing bubble now in the process of bursting. RBA panicking & $AUD looks like a falling knife. These major institutions are now facing similar pressure to US banks in ’08. pic.twitter.com/InGDqaeWr1 — Otavio (Tavi) Costa (@TaviCosta) March 16, 2020
by Desogames No need to make this post long. This one’s pretty obvious. No way in hell do i trust the greek 10 year right now; but i wanted to see if the periphery was disconnecting from the EU’s “core” (and the UK cause why not) Yep. Betcha didn’t expect that. I didn’t either. Seems … Read more
Bad, very bad pic.twitter.com/57oSedRHtZ — Jim Bianco (@biancoresearch) March 17, 2020 Investors looking for the bottom right nowpic.twitter.com/9RLb0mn3pi — Nick Maggiulli (@dollarsanddata) March 16, 2020 That makes sense. pic.twitter.com/hKOhF0OQxj — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) March 16, 2020 “The first rule of crisis management is don't fire all your ammunition when it is not … Read more
Alasdair Macleod interviewed by Dunagun Kaiser on Reluctant Preppers With the global economy shutting down, stock markets and oil and precious metals are all crashing, despite the Fed and POTUS rushing in unprecedented crisis measures. But the real tectonic disruption about to rock our lives is the failure of the currency, and black hole of the debt derivative complex … Read more
by Lance Roberts Is the bear market over yet? This is the question that everyone wants to know. Why? So they can “buy the bottom.” For that reason alone, I would suggest the current “bear market” is not over yet. Historically speaking, at the bottom of bear market cycles, as we saw in 1932, 1974, 2002, and 2008, … Read more
Particularly we must start manufacturing more goods back here in America! #AmericaFirst #MAGA” The recent Coronavirus outbreak proves that President Trump was right… we need to move away from China and build resilient diversified supply chains. Particularly we must start manufacturing more goods back here in America!#AmericaFirst #MAGA pic.twitter.com/AzzlElhBre — Jim Renacci (@JimRenacci) March 16, … Read more
by DCG They’ve bee lying since Nov. 8, 2016… I’d be cautious using this Google web site. Very cautious. DCG
WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. “We will need big, bold, urgent federal action to deal with this crisis,” Senate Democratic leader Chuck … Read more
by delelles https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart The biggest U.S. airlines spent 96% of free cash flow last decade on buying back their own shares. American Airlines Group Inc. — which is not shown in the chart but is included in overall figures — led the pack, with negative cumulative free cash flow during the decade while it repurchased … Read more
Check out the chart in its ‘max’ data… https://fred.stlouisfed.org/series/UNRATE It’s going to get ugly. Get ready for the shot to hit the fan. By simply extrapolating from historical data I’d say my hypothesis is correct. AC
Spoke with a manager at a TD bank in New Jersey. She stated the branch had actually ran out of cash. Each customer was withdrawing between $3000-$7000. They had to truck more cash in just to cover the demand. It appears people are extremely wise to what is coming. A Bank of America branch … Read more
by veteran88 THIS IS THE MOST IMPORTANT THING GOING ON RIGHT NOW THATS BEING COVERED UP The elite are trying to use the epidemic going around to sneak in a very serious bill that would END internet privacy and anonymity. It’s called the EARN IT act. It’s a BIPARTISAN bill. This bill would: Allow the … Read more
CNN being CNN and trying to cause mass panic and fear. Its been working so far. Dont believe everything you see in the news folks. This is not true! https://t.co/xhdtRUsOa9 — Judd Deere 45 Archived (@JuddPDeere45) March 16, 2020 h/t Facts-Over-Opinion
While the media continues parroting Chinese Communist Party (CCP) propaganda in the face of the Wuhan virus, the Trump administration is firing back. In response to the outrageous charge from a Chinese Ministry of Foreign Affairs spokesperson that the U.S. Army might have been behind the transmission of the Chinese coronavirus to Wuhan, the State Department … Read more
See new Tweets Conversation Jack Detsch @JackDetsch_ALM Just in: Pentagon will physically separate Defense Secretary Mark Esper & US military’s top officer Gen. Mark Milley amid the coronavirus outbreaks, Chief DoD spox Jonathan Hoffman says. Staffs will communicate via teleconference. DoD will screen those who go into Esper’s suite Just in: Pentagon will physically separate … Read more
by Martin Armstrong This is the very essence of a financial crisis. Despite the fact that Trump cheered the Fed and they cut rates to ZERO, the risk of that was what would happen if the market continued to fall. Another steep sell-off took place which resulted in the halt of trading again on Wall Street … Read more
by Martin Armstrong Congress has been out to breakfast, lunch, and dinner. The national debt keeps growing reaching around $23 trillion, yet Congress as an institution points fingers across the aisle toward the other party to always find a scapegoat. Both parties share the blame and neither party is ever interested in even discussing the … Read more
“It’s just the flu” debunked in 58 seconds. 😷👍 And add serious complication rate for complete debunking. 👇 pic.twitter.com/R78jWHauRU — George Gammon (@GeorgeGammon) March 16, 2020