Direxion releases a letter opposing alarming new proposed SEC restrictions on leveraged ETFs.

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Direxion releases a letter opposing alarming new proposed SEC restrictions on leveraged ETFs. https://materials.proxyvote.com/Approved/MC3609/20200228/SHLTR_418970.PDF “The proposed regulations, if adopted by the SEC, will require you to provide extensive financial and personal information to your brokerage firm or financial advisor who, after review and evaluation of your financial and personal information, will decide for you whether … Read more

Delta & American make deep flight cuts

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American: American to slash domestic, international flights as coronavirus hurts demand https://www.cnbc.com/2020/03/10/american-to-slash-domestic-international-flights-as-coronavirus-hurts-demand.html Delta: Delta makes deep flight cuts as coronavirus hurts demand, CEO expects it to get worse https://www.cnbc.com/2020/03/10/delta-makes-deep-flight-cuts-as-coronavirus-hurts-demand-ceo-expects-it-to-get-worse.html

If in 2008 subprime mortage loans blown up the world, more and more shale oil debt might blow up the current banking sector in US.

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If in 2008 subprime mortage loans blown up the world, more and more shale oil debt might blow up the current banking sector in US. — GregTheAnalyst (@Analyst_G) March 10, 2020 Coronavirus Exposes Danger of Corporate America’s Debt Binge: Bloomberg The coronavirus is threatening to expose the Achilles heel of the U.S. economy: heavily leveraged … Read more

On a Masked Bike Ride Through China

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by John Mauldin The Federal Reserve cut rates last week, after President Trump tweeted that he wanted a “big” interest-rate cut “to make up for China’s coronavirus situation and slowdown.” Bond traders see more cuts coming. Maybe so, but the problem began in China. That’s where the solution will have to begin, too. Last month, China … Read more

BONDS ARE NOT A SAFE HAVEN FOR INVESTORS. Although bonds sold to investors are unsecured and second in line to pursue claims when a firm goes bankrupt behind secured lenders, YIELDS ARE CURRENTLY WAY OUT OF LINE WITH THEIR RISKS. There are many obvious reasons, but here’s seven of them:

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by toxicmarkets1 #7. Financial Market Regulators have been in Wall Street’s pocket for longer than anyone can remember. https://www.npr.org/templates/story/story.php?storyId=124208012 #6. Financial Behemoth Bankruptcies ( i.e. Lehman Bros, Bear Stearns, LTCM, Kidder, AIG) https://libertystreeteconomics.newyorkfed.org/2019/01/creditor-recovery-in-lehmans-bankruptcy.html #5. US Treasuries and the current debt levels relative to our gross national product. https://en.wikipedia.org/wiki/National_debt_of_the_United_States #4. The incompetence of our current administration. … Read more

Just in case you were wondering why Corona isn’t a pandemic yet

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by philmacrack123 https://www.google.com/amp/s/amp.ft.com/content/a6239e12-5ec7-11ea-b0ab-339c2307bcd4 Pandemic bonds. These expire July 15th, 2020. If expiry is reached without a pandemic they pay out 7% a year for time held. If pandemic happens they expire worthless. I guarantee $DB is leveraged to the tits with their $44T in derivative exposure like a bunch of fucking retards thinking they Hoodwinked … Read more

VIDEO: Sr. Advisor to Joe Biden Symone D. Sanders Hit in the Head and Knocked Down at Biden Rally as Protesters Get Rough #DemocratCivilWar

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Here’s close-up footage of the scrum at Biden’s Detroit event, when Green New Deal protesters interrupted his speech At some point Biden’s senior adviser/head of security ⁦@SymoneDSanders⁩ entered the fray and got knocked down; you can see a cop helping her up at 1:45 mark pic.twitter.com/YkYYP4fscO — Tim Alberta (@TimAlberta) March 10, 2020

Pandemic Pandemonium May Be “More Destructive” Than The 2008 Lehman Financial and Economic Collapse

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by GoldCore Gold in USD, GBP and EUR before, during & five years after Lehman ◆ “Coronavirus may be more destructive than the Lehman crisis” and “recession is imminent” warns Ambrose Evans-Pritchard in the Telegraph ◆ The outbreak has triggered a collision of unstable debt and the oil price crash is combining with a worrying level of corporate debt … Read more

PAYMENTS on MORTGAGES will be SUSPENDED across the whole of ITALY… RBS follows

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  Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, according to Italy’s deputy economy minister. pic.twitter.com/uto4LZAWgT — Guido Fawkes (@GuidoFawkes) March 10, 2020 Coronavirus: Italy suspends mortgage payments amid lockdown(independent.co.uk) Payments on mortgages will be suspended across the whole of Italy after the coronavirus outbreak, according to Italy’s … Read more

PredictIt now says that Hillary Clinton, not Bernie Sanders, is the 2nd-most-likely Democratic nom #NoRefunds

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Posted for "amusement", not as an endorsement: the prediction market PredictIt now says that Hillary Clinton, not Bernie Sanders, is the 2nd-most-likely Democratic nominee. https://t.co/aARP5GdoRC pic.twitter.com/d7qs0GSyfV — Nate Silver (@NateSilver538) March 9, 2020 538: UPDATE: Projected Chances of Winning the Democrat Nomination: Joe Biden: 96%, Bernie Sanders: 0.5% #NoRefunds https://projects.fivethirtyeight.com/2020-primary-forecast/?ex_cid=rrpromo   h/t dr0id

Oil Price Crash: 50% Of U.S. Shale Could Go Bankrupt

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By Nick Cunningham It’s one for the history books. Oil opened on Monday down roughly 25 percent, the sharpest decline in decades, and broader financial markets fell so precipitously that the circuit breakers put in place during times of volatility tripped, temporarily halting trading. The list of adjectives available to describe what is happening to the … Read more

Hillary Clinton descends into full-blown anti-Facebook paranoia – claiming this weekend that the popular social media site has “aided and abetted” its takeover by the “right-wing echo chamber.”

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via washingtonexaminer: Hillary Clinton has descended into full-blown anti-Facebook paranoia, claiming this weekend that the popular social media site has “aided and abetted” its takeover by the “right-wing echo chamber.” It is funny because she had no problem with Facebook in 2016, back when her failed campaign was mining its user data. Clinton certainly had little to … Read more

Exit polls show elections rigged

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https://youtu.be/t78Ff26-V8s Vote suppression https://www.wfaa.com/amp/article/news/politics/dallas-county-asks-to-recount-election-after-44-thumb-drives-discovered/287-84e19400-81bc-4256-bcb3-e25df380d699?__twitter_impression=true https://www.commondreams.org/news/2020/03/04/absolutely-unconscionable-hourslong-lines-vote-texas-super-tuesday-point-bigger https://www.yahoo.com/huffpost/texas-super-tuesday-rigged-election-231049446.html https://stuartbramhall.wordpress.com/2020/03/06/stolen-election-in-massachusetts-mismatch-between-exit-polls-and-reported-vote-count/amp/?__twitter_impression=true Back in 2004 when exit polls differed from vote count in Ohio, people said exit polls didnt matter but experts actually trust exit polls more than the actual vote count. Exit polls are vetted, reliable, transparent. So Kerry in fact won the election and should have been President. For … Read more

Jim Rickards: We’re Heading Into Negative (Real) Interest Rates

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by Jim Rickards via Daily Reckoning Last July I was in Bretton Woods, New Hampshire, along with a host of monetary elites, to commemorate the 75th anniversary of the Bretton Woods conference that established the post-WWII international monetary system. But I wasn’t just there to commemorate  the past —I was there to seek insight into the future of … Read more

Stocks Aren’t Cheap & The Economic Data Is Worsening

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by UPFINA Markets are more liquid than ever, in terms of trading volume, and information flows freer and quicker than ever. This economic expansion has been modest, but consistent. That’s what makes the chart below so shocking. I think we are in a new era of "sudden shocks". Under-appreciated forces are both making stretches of calm … Read more