$3.5 Billion Missing, Obama Administration Covered Up
The Obama administration covered up a report showing that $3.5 billion in foreign aid never reached it’s intended destination & purpose.
TRUMP to SIGN DISASTER DECLARATION TODAY!
Trump is moving closer to signing a disaster declaration under the Stafford Act, sources tell us, freeing up resources to respond to the Coronavirus outbreak. A signing could come as soon as today. — Jim Acosta (@Acosta) March 12, 2020 JUST IN: Donald Trump's top economic adviser Larry Kudlow tells Republicans that the President may … Read more
S&P, NASDAQ join DOW entering bear market territory, down over -20% from ATHs; this is now the fastest bear market after an ATH in history!
by bigbear0083 After another 15 minute trading halt a little after the open, markets opened down over -9% when trading resumed; but have now bounced off those extreme lows just a bit as of now. The S&P 500 and NASDAQ have now joined the Dow, Russell 2000 and Dow Transports into bear market … Read more
Jim Willie: Putin Finishing Off The US Dollar, Seeding World With Chinese Yuan Via Crude Oil
Jim Willie of Golden-Jackass interviewed by Half Dollar of Silver Doctors ***** Editor’s Notes: Due to the relentless attacks against us by the Deep State, Globalists, shills, MSM propagandists and others, we have suspended Silver Doctors Live. If you’d like to read a rant about it, click here. The Wednesday “SD Midweek Update” is now being published through SD Bullion. If … Read more
The Real Cause For The Oncoming Economic Collapse
by Matthew Ehret via Strategic Culture Foundation This Thursday, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior… all in all bringing the financial markets to lows not seen since April 2011, and veering dangerously close to a precipice … Read more
FuBEAR! Stocks Crash into Bear Market Faster than 1929!
by David Haggith The bear roared today, ripping the ears off everyone, as the Dow and Russel 2000 both landed more than 20% below their last peak. Their 19-session rampage landed a record as the, steepest, fastest downhill bear run in the history of the US stock market. The market’s waterfall run over the cliffs now … Read more
Charted: America’s Record-High Consumer Debt Levels
by howmuch The United States of America could be called the United States of Debt: recent data shows that Americans on average owe a total of over $51,000. Compare this to a gross domestic product per capita of $58,388 and it’s no surprise that over one quarter of Americans have more credit card debt alone than their entire emergency savings. … Read more
Deutsche Bank, Credit Suisse, Lloyds Banking Group, Royal Bank of Scotland, Barclays ARE ALL DONE.
Look up the charts for yourself and tell me they haven’t been robbed. DB, CS, LYG, RBS, BCS https://finance.yahoo.com/ DB falling https://finance.yahoo.com/quote/DB?p=DB&.tsrc=fin-srch AC
VIDEO: The Chinese Man Who Tried to Warn Us All: “Don’t Trust China!”
VIDEO: The Chinese Man Who Tried to Warn Us All: “Don’t Trust China!” h/t dr0id
Ten rockets hit Iraq base housing US troops — RT World News
More than 15 rockets have hit a base near Baghdad that houses US personnel, the Iraqi army has reported. It’s not yet clear whether the attack on al-Taji base resulted in any casualties. The Katyusha rockets struck al-Taji, located 27km north of Baghdad, on Wednesday, the Iraqi army reported. The base houses American forces in … Read more
It’s Time, The Storm Is Here, The Call Goes Out, Message Sent, Ammunition Spent : Nancy, the ship is about to go boom
https://www.youtube.com/watch?v=NUCSyOQl1ng The [DS] just used major ammunition, the WHO has announce that we are now in a global pandemic situation. The storm has arrived. HB is reported to have made a deal with LR. The House Freedom Caucus is rejecting the FISA modifications. Supreme Court Rules Trump Can Enforce ‘Remain in Mexico. Trump and the … Read more
Economists: 5 Massive Biden Tax Hikes Will ‘Crush’ the Economy
via newsmax Among the Biden tax proposals that have alarmed conservatives: Biden wants to increase the corporate tax rate from 21% to 28%. This 33% increase would raise $1.3 trillion over a decade. One problem with this approach is companies tend to pass along this added cost by reducing employees’ wages, meaning lower income workers would … Read more
Corporate Insiders Are Betting On A Reversal In The Relative Downtrend In Value Versus Growth
by jessefelder Every day I go through all of the insider buying and selling filed with the SEC the day before. (InsideArbitrage.com and OpenInsider.com are my two favorite sources for this information.) It’s mainly a way for me to try to find good investment ideas as nobody knows the true value of a company’s shares better than those … Read more
Boeing has triggered the corporate equivalent of a bank run
via Zerohedge Earlier today, we reported that Boeing shocked the investing community when it announced that due to “market turmoil”, it would immediately draw down on its full $13.825 revolving credit facility, an unprecedented move for a company Boeing’s size and valuation, and one which was some took as an indication of how frail Boeing’s liquidity state … Read more
Poland closes all schools, universities, cinemas, theaters, and operas
Poland closes all schools, universities, cinemas, theaters, and operashttps://t.co/6Li4VagHcb — Steve Lookner (@lookner) March 11, 2020 What happens when Apple closes all US stores in major cities with outbreaks?$AAPL https://t.co/0i63HUWCed — Nicholas Ramos (@NickVRamos) March 11, 2020
Corp earnings are a sitting duck when we start having $2T deficits and Repo Mkt turmoil every single day (and Fed bal sheet skyrocketing)
Corp taxes collected last year: $160 billionTotal US tax receipts: $4 Trillion Corp earnings are a sitting duck when we start having $2T deficits and Repo Mkt turmoil every single day (and Fed bal sheet skyrocketing) P/E ratios are a mirage of debt, buybacks and fake tax rates pic.twitter.com/pkhtCqjngw — M/1_LP (@MI_Investments) March 11, 2020
If you’re wondering when to buy stocks during a recession: the official NBER confirmation of the recession has historically been a pretty good buy signal
by jacquesopper Chart from Morgan Stanley: View post on imgur.com More info on NBER’s business cycle dating procedure: https://www.nber.org/cycles/recessions_faq.html Edit: Just to clarify, the NBER announces the recession by identifying the peak month (i.e. the end of the previous expansion and the start of the recession). This occurs several months after that peak month. For example, … Read more
STOCK MARKET WATCH– Circuit Breaker Targets — Thursday, Mar. 12– Reaction day…..
The NYSE opens at 9:30 am EST and closes at 4:00 pm The most reported and most followed is the DOW Ind. Average. The DOW closed at 23,553.22 Wednesday. If the markets plunge to certain levels, trading will be halted for a time. This is commonly known as “circuit breakers”. The circuit breakers are triggered by a … Read more
Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat
Of immediate concern is how much cash Boeing is burning due to the 737 MAX fiasco and now the coronavirus, and how much cash it can pile up to avoid a liquidity crisis. By Wolf Richter for WOLF STREET. Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February … Read more