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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
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
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
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
by Christine_grab I have caught California’s Income Tax Collection Agency, The Franchise Tax Board, in two different racketeering schemes. I tried to get the illegal activity stopped by contacting legislators. I even made a speech to Legislators in both 2018 and 2019: https://vimeo.com/user93891576. The Legislators response was F*** you: https://gwsandiego.net/blog/?p=196. So now I have filed a lawsuit: https://gwsandiego.net/blog/?attachment_id=214 … Read more
by SpontaneousDisorder Boeing will draw down $13.8bn loan in case it gets yanked. https://www.zerohedge.com/markets/boeing-drawdown-full-138-billion-revolver-hinting-imminent-bank-lending-freeze
SHOW NOTES AND MP3: https://www.corbettreport.com/?p=35374 Author and researcher James Bovard joins us today to discuss Facebook’s recent pledge to suppress all criticism of the US Census Bureau from its platform. We delve into the dark history of the US census and discuss how it has been used to round up and intern mass numbers of … Read more
https://fortune.com/2020/03/11/coronavirus-stock-market-stocks-high-valuations/ For instance, January and February. Though it seems distant now, the S&P 500 hit its all-time high of 3394 on Feb. 19. “The stock markets previously had priced in a Goldilocks scenario and entered the year with an elevated price-to-earnings multiple, providing little cushion,” says Jared Franz, an economist at investment giant Capital Group. … Read more
Xinhuanet, chinese state sponsored media – translated: https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.xinhuanet.com/politics/2020-03/04/c_1125660473.htm&prev=search Original: http://www.xinhuanet.com/politics/2020-03/04/c_1125660473.htm they’ve already restricted exports about 80 percent of the active pharmaceutical ingredients (APIs) used to make drugs in the United States are said to come from China and India. 97% of u.s antibiotics come from china we are very reliant on china in certain sectors. China is … Read more
Biden openly lied to a union worker today and pretended he never talked about taking guns aways. The 2nd amendment isn’t for hunting. I will not end up like the protesters in Hong Kong or Venezuela that are being shot at or ran over by military vehicles. Literally every amendment we have is to protect … Read more
Major events around the world are being canceled, postponed or even going virtual to mitigate the spread of coronavirus. Richard Attias, executive chairman of global communication advisory firm Richard Attias and Associates, joins “Squawk Box” to discuss the economic impact. LA
By Julianne Geiger Saudi Arabia’s state-run shipping company has hired multiple very large crude carriers to carry all the extra oil it plans on exporting next month—a rare move indeed for the shipping company that sports its own fleet of 41 tankers, according to Bloomberg sources. Bahri, as the Saudi’s shipping company is known, has booked passage … Read more
TV News HQ @TVNewsHQ MSNBC concedes: “If Joe Biden can’t handle the next Democratic debate, he can’t handle the debate with @realDonaldTrump.” https://twitter.com/TVNewsHQ/status/1237768236369874950 Morning Joe – ‘If Biden can’t handle the next Democrat debate, he can’t handle the debate with Trump’ Jake Tapper – “There’s Going To Be A Challenge” Biden Is Not Always “Sure On His … Read more
by Simon Black The year 1348, in the words of historian A.L. Maycock, was the closest that humanity ever came to going extinct. That was the year the Black Death descended on the European continent. And many historians today estimate that it killed as much as 60% of Europe’s population. Italy was hit especially hard by … Read more
https://www.youtube.com/watch?v=tcfT2eo4MyI For More Information See: https://www.usatoday.com/story/money/… https://www.wsj.com/articles/traders-… https://www.cnbc.com/2020/03/08/oil-p… https://www.wsj.com/articles/bank-sto… https://www.fxstreet.com/analysis/gol…
by Martin Armstrong COMMENT: Hello Martin, I see President Trump is still calling for interest rate cuts from the Fed. I know he is a businessman and with the current situation is he making the right call with all his business knowledge? ( not sure the reason for the name-calling?) Trump presses ‘pathetic’ Fed to cut … Read more
THIS chart is why I wrote THIS:https://t.co/JZE0kHPeSp Banking system will implode if this happens. Think of life w/no mortgages, no car loans. That’s what it means if there’s NO curve to speak of. This is what happens when CBs go too far @Quillintel@SoberLook pic.twitter.com/qEg4RIqqe2 — Danielle DiMartino Booth (@DiMartinoBooth) March 11, 2020 https://twitter.com/NorthmanTrader/status/1237812856940367872 FED INCREASE … Read more
UPDATE: All 90 Catholic schools close in SF, Marin and San Mateo counties after a student tested positive for the #coronavirus.https://t.co/weguv17ojS — San Francisco Chronicle (@sfchronicle) March 10, 2020 Total coronavirus cases: • 162 in California, including 99 in the Bay Area • 1,025 in the U.S., including 24 deaths: 3 in California, 19 in … Read more
Joe Biden: "I'm surprised that Sanders is joining Trump. That surprises me." pic.twitter.com/rSqGoAWzVZ — The Hill (@thehill) March 11, 2020
Federal Aid = Your Tax Money As stock market plummets. https://www.texastribune.org/2020/03/10/white-house-likely-pursue-federal-aid-shale-companies/ “One of the companies hardest hit was Continental Resources, founded by Harold Hamm, a Trump supporter and an adviser to the president on energy issues. He said that the administration should consider using illegal dumping laws to prevent Russia and Saudi Arabia from slashing prices of … Read more