A Rate Cut, Gold & Stocks…It’s 2008 All Over Again?
by Przemysław Radomski via Sunshine Profits It was only yesterday (and Monday), when we emphasized that it seems that it’s 2008 all over again, and that the interest rate cuts as well as possibility of QE4 are not likely to prevent markets from declining. The next regular interest rate decision is on March 18, but the Fed decided to cut the rates by 0.5% … Read more
Utah Wants To Ban People From Purchasing Alcohol, Force Them To Work For The State For 48 Hours
by mapi credit:Alco Meters The state of Utah wants to ban people from purchasing alcohol at liquor stores if they drove after having one or two drinks. Two years ago, the state of Utah adopted a .05% BAC level for DWI’s, meaning that police can charge a driver with drunk driving after consuming one or two alcoholic … Read more
Joe Biden has praised George W. Bush (Liberty Medal), Dick Cheney (“I actually like Dick Cheney for real […] he’s a decent man”), Mike Pence (“decent guy”), Strom Thurmond (eulogy), Jesse Helms (“only Helms can fix the U.N.”), & William Barr (“heck of an honorable guy”; “one of the best” U.S. AGs)
by no-militarism George W. Bush, Laura Bush Awarded Liberty Medal Amid Protests From Veterans: https://philadelphia.cbslocal.com/2018/11/11/george-w-bush-laura-bush-awarded-liberty-medal-amid-protests-from-veterans/ [2018] Joe Biden: “I actually like Dick Cheney… I get on with him. I think he’s a decent man.” He adds that Cheney was “extremely helpful” about the “legal parameters” of the VP office. Without irony. Mondale then says his view of … Read more
Starbucks bans personal cups over coronavirus
Washington (AFP) – Reusable cups are in vogue for reducing waste but are no longer welcome at Starbucks cafes over fears of the coronavirus, the coffee chain announced. “We are pausing the use of personal cups and ‘for here’ ware in our stores,” Rossann Williams, an executive vice president, said in a statement Wednesday, adding … Read more
JUST NOW: Lindsey Graham corrects Trump’s “hunch” to contradict WHO’s death rate for coronavirus
Lindsey Graham on Trump citing “hunch” to contradict WHO’s 3.4% death rate for coronavirus: “I listen to the scientists when it comes to the numbers, and I would encourage the president if he’s going to report things to make sure the science is behind what he’s saying” Lindsey Graham to @mkraju on Trump citing "hunch" … Read more
A New Hampshire man with flu-like symptoms was asked to avoid contact with other people. Instead, he went to a party. Three days later…
A New Hampshire man with flu-like symptoms was asked to avoid contact with other people. Instead, he went to a party. Three days later, he was confirmed as the state’s first coronavirus patient. A New Hampshire man with flu-like symptoms was asked to avoid contact with other people. Instead, he went to a party. Three … Read more
Lynette Zang – THE WORLD ECONOMY AT RISK: Can Central Banks Save Us?
ITM Trading, Released on 3/4/20 Links to slides and sources: https://www.itmtrading.com/blog/coron… With fear creeping into the markets as we enter into uncharted territory, global central bankers are facing their biggest test yet. The fed just cut rates by a whopping 50 basis points; a level only used during past financial crises. It was supposed to instill … Read more
Trump Still Talks Of Coronavirus Like It’s No Big Deal, Says “3.4% [death rate] Is A False Number…The Number Is WAY UNDER 1%”
(Silver Doctors Editors) You can’t sugar coat this news at all. This is a total dis-service to the American people at best, and it’s intentional deception with the intent to kill Americans at worst. President Trump was on Fox News Wednesday evening (March 4th) to discuss a number of things, including the coronavirus, where he … Read more
FEMA IS PREPARING FOR CORONAVIRUS “EMERGENCY DECLARATION”
Mac Slavo March 3rd, 2020 SHTFplan.com As Americans scramble to prepare themselves for the possibility that the coronavirus outbreak becomes a pandemic, FEMA (Federal Emergency Management Agency) is also preparing. FEMA is “aware of the gravity of the situation” and ready to assist in a coronavirus response. FEMA officials are preparing for an “infectious disease … Read more
Is this the beginning of the end for yield?
by Shaun Richards This week has seen some extraordinary events and it is time to take stock. The truth is that something I have both feared and expected is on motion again. It has come with a familiar refrain that it cant happen here until it does! On this road to nowhere the Corona Virus … Read more
Mike Maloney: Currency oblivion coming … Rick Rule: This crisis will be good for gold …
BY JOHN RUBINO Mike Maloney: Currency oblivion coming … Rick Rule: This crisis will be good for gold … Paul Krugman: Stop calling it “socialism” … Peter Schiff: Rate cuts and QE are coming, but for investors it will be different this time …
Short Sellers Made Over $50 Billion During Coronavirus Sell-Off
via Bloomberg: Short sellers added to their U.S. positions during the recent coronavirus-related sell-off, making more than $50 billion in profits over seven trading days, according to data from financial analytics firm S3 Partners. There was nearly $15 billion of additional short selling between Feb. 24 and March 3, bringing total domestic equity short interest … Read more
VIX Rise Overdone, But Part of Enduring Trend
by Tom McClellan The market has put on a big VIX Index spike in early 2020, thanks to worries about the novel corona virus and the 2020 election. While the immediate spike is overdone in the short term, it is also part of a larger uptrend in the VIX which is due to last until … Read more
For anyone following APT, management already cashed out and they made out like bandits
by landhag69 Hooooooly hell was it a good month to have a stock option compensation plan at good ol’ Alpha Pro-Tech. The CEO sold 455,667 shares (all but 1,000 beneficially owned) on 2/28 at a price of $34.49 for a total of $15,715,954.83! This guy is going to outdo Fortune 500 CEOs this year and … Read more
Airlines to face up to $113 BILLION revenue hit this year
by deckoff8- Were you one of the airline put holders that was worried after AAL/DAL/UAL all finished up today? Well I’m here to give you some good news like a hot blast from my wife’s boyfriend to her face: new estimates have airlines losing 63 to 113 BILLION WITH A B dollars in revenue this … Read more