‘RECESSION’ OR ‘DEPRESSION’

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NEW YORK (Reuters) – The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression. The rising global toll from the pandemic and the uncertainty over how far it may spread has left investors … Read more

Europe Banning Short Selling – Insanity Continues

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by Martin Armstrong Europe has moved as expected and banned short selling in Italy, Belgium, Spain, and France. Politicians fail to realize that it is ONLY shorts who are buying during a panic. Without the short-players, there is NO BID which makes markets far less liquid. Whatever politicians can do seriously wrong, they are doing … Read more

SHOULD CONGRESS VOTE REMOTELY INSTEAD OF IN FORMAL SESSIONS TOGETHER?

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There’s been talk throughout the digital age of allowing senators and representatives to vote remotely, but the coronavirus crisis is prompting renewed interest in the idea. “Not so fast,” warns Government Affairs Institute Senior Fellow Joshua Huder, who then lays out what I find to be a convincing case for not going in that direction. For one … Read more

What occurs when a bank starts to collapse

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by ArtoriusSmith​ It’s important to note the distinction between an investment bank and a commercial bank. As an investment bank, the assets Lehman Brothers managed for people (stocks, bonds, etc.) are not guaranteed to hold their value but they are insured Securities Investors Protection Corp. If for some reason Lehman Brothers had not been able to … Read more

Having a baby is like planning a wedding, everyone is trying to sell you things at a marked up price. Resist and be smart about it.

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by fixin2wander​ I have a 12 week old and have spent very little through these ways. Maternity clothes – your wife shouldn’t need too much, it will depend how big she gets and how fast. I only spent $42 on maternity clothes by getting cheap stuff at H&M (I bought some long-sleeved shirts for $1-3 each, … Read more

America is f*cked

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by YesImEm Me again from Ireland. Overnight, 100,000+ jobs have been, at least temporarily, lost SOLELY because of the pub closures. We are only at 223 cases. Or 0.0046% of the population. Look at ISEQ, DAX, FTSE, FTSE MIB, CAC. They’re at their five, in some cases TEN year lows. These can serve as leading … Read more

Greg Mannarino’s morning warning hits the nail on the head:

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by Rec Digital money printing has one purpose only and that is to destroy the underlying fiat paper in hyperinflation: https://finance.zacks.com/stocks-behave-during-hyperinflation-8335.html Japan has been a beta test to see how far a central bank can go with an industrialized countries printing press as they massage the numbers and continue printing while trying to hide the … Read more

If Everything is Fine… Why Are the 8 Largest US Banks Preparing to Access the Fed’s Discount Window?

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by The Phoenix Someone or someones are in MAJOR trouble. Back in September 2019, the Fed announced it would begin implementing a number of repurchase “repo” programs. If you’re unfamiliar with repo programs, these are programs through which the Fed allows financial banks/ institutions to park assets at the Fed, in exchange for cash. At the … Read more