https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/ Airlines, hotels, travel agencies and event companies have all been suffering, but interviews with more than two dozen firms and workers reveal that the pain is now translating into layoffs in a wider circle of industries, including a bakery and a chain restaurant. At the Port of Los Angeles, 145 drivers have been laid … Read more
by Adderalin Account: https://i.imgur.com/TPFvsQ6.jpg Was a $400k equity portfolio margin position that I bought $3.2m total of UPRO and TMF on, two 3x leveraged ETFs. 55% UPRO 45% TMF. I just rebalanced gains from TMF into UPRO and it now blew up. I walked risk management through the positions. The SPX position is a short box … Read more
WARNING! Repo total up to 198 Billion AND 74 Billion oversubscribed on term repos!! 🤯😳👇 #notgood I’d guess we’re going to start seeing some 2008 style fireworks very soon. pic.twitter.com/TBA281TJFp — George Gammon (@GeorgeGammon) March 12, 2020 $SPX 1929 analog update. pic.twitter.com/kUFgt7qbPi — Nautilus Research (@NautilusCap) March 12, 2020 “IMF Warns on Passive Investing” https://t.co/VL7DV6Vetn … Read more
by Mr_Find_Value If you’ve paid any attention to the financial news over the last 2 years, you’ve seen the questions and critiques about Warren Buffett’s cash position. In almost every interview he’s asked why is he stacking cash or why Berkshire isn’t outperforming the S&P 500. The majority of questions aren’t as brazen, but rewatch … Read more
https://www.barrons.com/articles/treasury-bonds-sell-off-with-stocks-thats-not-supposed-to-happen-51583946108 This is what happens when the fed is running out of “ammo” and treasuries are already priced for almost zero yield globally. I don’t think treasuries are going to crash, and they may have a little further to go, but if the market keeps crashing, I don’t think anybody can count on bonds to … Read more
by Daisy Luther As our economy gets rocked by the coronavirus outbreak, lots of folks are already beginning to have financial problems. For others, they see money trouble on the horizon. These issues are occurring for several reasons. Some businesses are cutting back staff or hours preemptively so they can survive financially. Other businesses are … Read more
by mapi A recent article in CBS Los Angeles revealed that the Los Angeles International Airport will allow airline passengers to check their own luggage using self-service kiosks. “Available in Aisles B and C of the ticketing lobby, the self-service system can be used by passengers flying with Asiana, Cathay Pacific, Lufthansa and Norwegian airlines, with Scandinavian Airlines scheduled … Read more
The Obama administration covered up a report showing that $3.5 billion in foreign aid never reached it’s intended destination & purpose.
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
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 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
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
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
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
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!” h/t dr0id
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
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
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
