US Debt To GDP Will Hit New All-Time High In 2020
by C Hamilton Summary Coronavirus is no plague or Spanish-flu, but we aren’t who we once were either. So the end result may be the same?!? The young (representing the future) cannot cover the rapidly growing debt…and the policies to avoid dealing with the debt are ultimately destroying future economic activity. The US is going bankrupt … Read more
Tim Pool: Ilhan Omar Praises Trump’s “Incredible” Job Dealing With Pandemic, Progressives SLAM Democrats
Orange Man isn’t so bad afterall…
How Dead is the Fed?
by David Haggith You can only be so dead, and that’s just “plain dead.” But there is also Feddy Krueger dead. The kind of dead that keeps on happening like a demonic death that won’t stay dead. It is in that nightmarish Elm St. light that I’m going to review the Federal Reserve’s death. It’s happened via face-plant … Read more
Trump Eyes Two-week National Quarantine, Only Drug and Grocery Stores Open
President Trump, moving with haste to slow the spread of the coronavirus, is preparing a plan to mobilize the National Guard to help enforce a two-week quarantine of the public if his tough-love efforts so far fail. The unprecedented action would require everyone to “stay at home,” according to a source knowledgeable of the evolving … Read more
AMC JUST HAD 97% LAYOFF!
26,000 employees that were notified of layoff’s. https://finance.yahoo.com/video/amc-ceo-coronavirus-closings-caused-193352495.html https://www.msn.com/en-us/money/video/amc-to-close-us-theaters-for-6-12-weeks-we-need-relief-right-now-says-ceo/vi-BB11qD92 AC
Inside info from a truck driver. Shutdowns/lockdowns & restricted travel to get far worse & enforced!
Truck Drivers / Trucking companies often find out things before anybody else, especially in an emergency situation that we are in because without truck drivers everything stops and we see and learn a lot across the country and at shippers and etc. It is now being expected that mass shutdowns/lockdowns and people not allowed to … Read more
“Dang, you’d think Mike Bloomberg would care about the little people.”
FRIEND OF THE WORKER: They were promised pay until November, no matter what. UPDATE: From the comments: “Dang, you’d think Mike Bloomberg would care about the little people.” Related: h/t GR
Is this real life?
A comment on Zero Hedge: Now, lets summarize what is currently happening -Somebody’s precious little bioweapon escaped the lab probably 6 months ago -Practically everything is shut down right now. I haven’t seen my town this quiet since 9/11 -All major sportsball events are cancelled -Practically all large events are cancelled -We still have barely … Read more
Pill Hard To Swallow, Unsealed Much Will Be Revealed, Watch The News For [RC]
The [DS] continues to push their event, this is failing. Trump and the patriots are preparing for a major operation. Trump started the narrative of a cure and the MSM will not acknowledge it. The pill will be hard to swallow, but when the patriots unseal the indictment much will be revealed. The patriots have … Read more
You want less criticism? Stop being such garbage.
HARSH, BUT FAIR: Related: Also: And: You want less criticism? Stop being such garbage. Every time China kicks out some of their fellow journalists the White House press corp responds by attacking Trump using China’s preferred narrative to ingratiate themselves with Beijing. h/t GR
KENNY ROGERS DIES AT 81 — “you got to know when to hold them, know when to fold them, know when to walk away”
https://www.thestar.com.my/lifestyle/entertainment/2020/03/21/country-star-kenny-rogers-dies-at-81 AC
CNBC: “Goldman sees unprecedented stop in economic activity, with 2nd quarter GDP contracting 24%”
Goldman Sachs economists forecast a historically sharp and swift recession, with second-quarter GDP sinking a stunning 24% after a 6% decline in the first quarter. The economists had expected a decline of 5% in the second quarter, after a flat first quarter but they said social distancing measures have affected many sectors of the economy … Read more
This storm will be here for some time and we will feel the aftershocks for many years to come. If you can, try to support your local community as much as you are able.
https://twitter.com/LordPolemos/status/1241048837197725697 https://twitter.com/Techs_Global/status/1241063958666194954 The largest US investment-grade bond ETF ( $LQD ) has given up a decade worth of gains in a matter of days @SoberLook pic.twitter.com/2OqtRrjoTu — The Long Game (@7LongGame) March 20, 2020 https://twitter.com/NorthmanTrader/status/1241033792833433610 U.S. economy deteriorating faster than anticipated as 80 million Americans are forced to stay at home [Washington Post]
The Everything Bubble Has Burst… Now Comes the Inflationary Storm
by The Phoenix The coronavirus has burst the Everything Bubble. Regardless of what happens with the economy or the virus, the damage has been done to the massive debt bubble. Across the board, credit and debt markets have ended their bull markets. To fight this situation, the Fed has gone NUCLEAR with monetary policy. In … Read more
Worse Than The 2008 Financial Crisis? Another Day, Even More Bailouts
Late last night (Wednesday, March 18th, 2020) the Fed announced on Twitter a new alphabet soup bailout program. This is another bailout program from 2008 that was dusted off.
The New FICO Score Is Coming: How To Prepare
With a worldwide pandemic taking place, the economy is taking a nose-dive into a recession. The unfortunate turn in events has many people worried about their financial future as companies begin their rounds of layoffs. Unfortunately, this chain of events happened after FICO, or the Fair Isaac Corporation, had already announced that their current FICO … Read more
Fed Printing $75 Billion A Day! But the Global Economy Falls Into Recession Rapidly!
Do you think that most central banks will eventually buy stocks? The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, the Bank of England, RBA, and every other central bank are completely exhausting all options. “Helicopter” Ben and Janet Yellen have now suggested the Fed … Read more
Gerald Celente: “It’s Going To Lead Into The ‘Greatest Depression’ If Measures Aren’t Taken To Turn It Around”
Gerald Celente: "IT'S GOING TO LEAD INTO THE 'GREATEST DEPRESSION' IF MEASURES AREN'T TAKEN TO TURN IT AROUND" https://t.co/UqmhPYjlSI pic.twitter.com/nu6KU109rG — Gerald Celente (@geraldcelente) March 20, 2020
Spot the bubble before it bursts
by cinemagical414 Every financial crisis is exactly the same. Investors figure out a fun new way to make money, lever up their investments, convince dumber investors and businesses to buy in, lever up some more, spread the risk around the entire financial system, and ride the wave up until it crests and crashes. In the … Read more