New CDC guideline for people 60 & over should ‘stay at home’ as much as possible

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via wfsb Amid a coronavirus outbreak in the United States, the US Centers for Disease Control and Prevention is encouraging older people and people with severe chronic medical conditions to “stay at home as much as possible.” This advice is on a CDC website that was posted Thursday, according to a CDC spokeswoman. Early data suggests older people … Read more

Oil will continue to drop – Saudi Arabia slashes crude oil prices

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https://www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war Hope none of you bought on this “dip”. Oil will continue to drill. Opportunities for a bounce will happen but you will need to be patient while Russia, SA and other OPEC countries go to war against US shale and each other. US Oil companies will fail if this turns out to be a … Read more

This fallout could happen quicker than 2008’s

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by Alex Reason: More people know how to hedge the crisis/downturn. eg buy puts, vix, shorts. I believe some hedge funds probably hedges with repo funds that borrows from fed. liquidity is double edge sword now. bubble everywhere, not just stocks. fed cant handle all the crisis with less ammo than 08. for one thing, … Read more

Berkshire Hathaway 1Mil 0.000% Senior Notes

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by WikiTextBot https://www.sec.gov/Archives/edgar/data/1067983/000119312520064645/d853116d424b5.htm 0 is cheaper than storing $1,085,500,000 U.S. dollar equivalent in euro notes. It’s also more liquid. The Zero lower bound is below for zero for practical reasons. If the rates go too negative it becomes cheaper to just do like Scrooge McDuck and store physical cash in a Money Bin. Zero lower bound The Zero … Read more

[DD] Walmart

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by josiborg I’m in Walmart trying to buy my kid’s allergy formula when I find they are all out. Which is a little surprising because there’s really not a huge demand but it’s possible I just showed up at the wrong time. I talk to the customer service lady in the baby department who then … Read more

Oil Markets Predicting Risk Of A Global Recession

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Authored by Alasdair Macleod via GoldMoney.com, Oil prices have sold off sharply over the past month. Despite a series of bullish events – the killing of Qasem Soleimani by the US, Iran’s retaliation attack on US troops in Iraq, the shutdown of almost the entire Libyan production and the US’ tightening the screws on Venezuela by … Read more

“In bear markets, stocks return to their rightful owners.” – J.P. Morgan

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Been waiting years to tweet this.. “In bear markets, stocks return to their rightful owners.” – J.P. Morgan — Ian Cassel (@iancassel) March 6, 2020 https://twitter.com/Alex10050409/status/1236082371734233089 “Yields plunging” headlines abound. Some yields are. But some are going the other way! And it’s the ones going the other way that matter! Does it matter if Fed … Read more

Reddit is introducing a new feature whereby people will be able to anonymously report anyone deemed “suicidal”. This report will be forwarded to a “Crisis Counselor” service that admits working with the FBI.

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by jeanfrancois111 Oh, and of course you can’t opt-out. https://old.reddit.com/r/modnews/comments/fdh4rr/announcing_our_partnership_and_ama_with_crisis/ Sort that thread by controversial to find out what actual depressed/suicidal people think of this. Here are interesting excerpts from the OP: As part of our partnership, we’re hosting a joint AMA between Reddit’s group product manager of safety u/jkohhey and Crisis Text Line’s Co-Founder & Chief … Read more

What will happen to house prices now?

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by Shaun Richards I thought that I would end this week with a topic that we can look at from many angles. For example the first question asked by the bodies that have dominated this week, central banks, is what will this do to house prices? Well in ordinary times this weeks actions would have … Read more