Wait until that echoes around the credit markets. We could see a fund blow up and or banks hit trouble….https://t.co/wA6OMONqc7 https://t.co/2eitWXNnlP — Shaun Richards (@notayesmansecon) March 9, 2020 Dick Bove on banks: “A sharp decline in oil prices will be a body blow to an industry already at high risk.” https://t.co/f4GphtGHZK — Lisa Abramowicz (@lisaabramowicz1) … Read more
by Dans2016 TV talking heads are touting a V-shape recovery and “buy the dip” since last Friday. There won’t be a recovery for some time. Market was a bubble and needs to rests to sane levels. More stupid Fed actions would add to troubles. We’ll have money to adopt a real polar bear soon. … Read more
by UPFINA If this was a normal economic slowdown for cyclical reasons, there would be much more focus on the Fed as it would be trying to save the economy from a recession similar to its actions in 2019 during that slowdown. However, now we have the coronavirus which limits the Fed’s ability to save markets … Read more
by theimpossiblesalad For those wondering, here is the sorted change in position from 1939 to 2008: Sociability: +5 Good looks: +5 Mutual attraction—love: +4 Education, intelligence: +4 Desire for home, children: +3 Good financial prospect: +3 Similar education background: +1 Good cook, housekeeper: +1 Similar political background: +1 Dependable character: 0 Similar religious background: 0 … Read more
by PJExpat I live in Korea and I have been heavily impacted by the coronavirus. No, I’m not sick, and even if I do 100% of my care will be free. I’ve always heard of emergency funds, and so forth. I’ve also always heard of preppers who spend lots of money stockpiling supplies to survive … Read more
by Panosmek The entire yield curve for U.S. bonds fell below 1% for the first time in history after an all-out price war between the world’s biggest oil exporters triggered an unprecedented global bond rally. U.S. Treasury yields plunged, with the rate on 30-year bonds diving as much as 59 basis points, as rising expectations … Read more
by cbus20122 With markets limit down 5% in futures trading, oil down almost 26% right now, and no real resolution of any of the items worrying markets, it’s understandable that we’re getting a lot of posts on here discussing going to cash, selling, reducing risk, etc. I’m not going to argue against the merits of going to … Read more
https://twitter.com/GreekFire23/status/1236999221972172800 Circuit-breakers today: * If the S&P 500 declines 7%, (208 points), trading will pause for 15 min * If declines 13%, (386 pts) trading will again pause for 15 mins * If falls 20%, (594 pts) the markets would close for the day. (via @peterschack) @CNBC — Carl Quintanilla (@carlquintanilla) March 9, 2020 Soon … Read more
https://twitter.com/NorthmanTrader/status/1236997142109196288 “Beginning today the Desk will increase amount offered in daily overnight repo operations from at least $100B to at least $150B…increase amount offered in 2-week term repo from at least $20B to at least $45B” Panic stations. ht @bondstrategist https://t.co/VaVJdRizTr — Danielle DiMartino Booth (@DiMartinoBooth) March 9, 2020 Fed is panicking! https://twitter.com/NorthmanTrader/status/1236991222281109505 AC
by gibzmedatgoy Tucker Carlson went out on a major limb and interviewed the aggressive anti-Semite and freedom fighting hero, former Pink Floyd frontman Roger Waters on the persecution of Julian Assange by the US Justice Department. Roger Waters is a bitter old man who hates everyone, so he had some trouble getting through the interview. … Read more
“She Has Torn This Country Apart” – Trump Declines Invitation to St. Patrick’s Day Lunch with Scorching Letter to Crazed Speaker Pelosi President Donald Trump slammed and snubbed Speaker Nancy Pelosi on Sunday with an announcement he won’t attend the annual St. Patrick’s Day lunch in the Capitol this Thursday. It’s the first time a … Read more
by upvoatz Westworld s03 is scheduled to premiere on Sunday March 15th at 9pm ET. The next debate is scheduled to begin on the same night at 8pm ET. Taking a page from the Clinton / Debbie Wasserman Schultz playbook four years ago, does anyone think it’s odd that: the debate was scheduled on establishment … Read more
https://www.youtube.com/watch?v=bLRgIlsclXU Website: https://tarlwarwick.net
by CornCuLapte https://www.who.int/news-room/q-a-detail/q-a-coronaviruses The second point, the one that was removed, advising against the use of traditional, herbal medicine is still visible if you set the page to other languages (except Chinese, of course) (Although, it appears that for people with Chinese IP’s, it’s only missing from SOME languages <still visible on the Spanish page, … Read more
by C Hamilton I’m going to suggest that the Corona-virus is more a window or a marker that separates what will be seen as the end of an era and the beginning of another. Corona-virus is serious, global, and appears it will cause significant death and disruption. But Corona-virus itself isn’t the problem (no more than … Read more
by Jesse What Woodrow Wilson did was reprehensible, even if it was for the war effort. But for the stock market? “The year 1917 saw the formation of the Committee on Public Information by executive order which aimed at Wilson getting more recruits for the war. By the summer of 1918, as the disease started to … Read more
by Martin Armstrong While the Democrats love to yell at the rich for always getting richer, in 2016, there were 541 US billionaires with wealth totaling about $2.4 trillion. In 2019, there were 607 US billionaires with wealth totaling about $3.1 trillion. Of course, this is based on stock market valuations and is not cash … Read more
