Wall Street is begging for a Fed bailout

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Wall Street is begging for a Fed bailout. Current Fed target rate: 100-125 (after cutting by 50bps this week!) Fed rate probabilities for March 18 meeting: ▪️ 25-50bps: 67.1%▪️ 50-75bps: 32.9% This is truly sad. pic.twitter.com/RnNyDkDGkz — Hedgeye (@Hedgeye) March 6, 2020 #Apple tells ALL its 12,000 staff at the Cupertino HQ to work from … Read more

Lebanon is highly likely to default on a $1.2 billion, 10-year #eurobond that matures March 9. Even if it makes that payment…

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"#Lebanon is highly likely to default on a $1.2 billion, 10-year #eurobond that matures March 9. Even if it makes that payment, the country's #finances are near collapse." From @emmleeclaire, @Ryan_Bohl & Michael Monderer. https://t.co/FbtA8iplRv pic.twitter.com/aYzFv1hM3j — RANE (@RANEnetwork) March 6, 2020

How Big is This Crisis? with John Rubino

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from Financial Survival Network John Rubino says that the system was so over-leveraged with debt, and so out of control that it was just a matter of when, not if. Will the bank derivative blow up, and will that pull down the European and even the global economy? The stuff that could happen is insanely scary. Turkey is fighting … Read more

Trump Campaign Sues CNN

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Watch the latest video at foxnews.com EXCLUSIVE: President Trump’s re-election campaign filed a libel lawsuit against CNN on Friday for publishing “false and defamatory” statements about seeking Russia’s help in the 2020 election. “The complaint alleges CNN was aware of the falsity at the time it published them but did so for the intentional purpose of hurting the campaign while … Read more

AB5: “Companies can simply blacklist California writers and work with writers in other states, and that’s exactly what’s happening.”

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GOOD AND HARD: California’s Gig Economy Is Under Attack. In December, Vox Media announced it would not renew the contracts of around 200 California-based journalists who write for the sports website SB Nation, instead replacing those contractors with 20 part-time and full-time employees. Rev, which provides transcription services, and Scripted, which connects freelance copywriters with clients, similarly … Read more

SeaWorld is f*cked

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by MaMainManMelo $SEAS – Seaworld (2019) Revenue: 1.4bln Net income: 90 mln. Depreciation & Amortization: $160 mln Operating Expenses: $650 mln Cash & Cash equivalents: $40mln Loans: $1.5 bln Interest paid per year: $84 mln 100% revenue comes from people coming to their theme parks. They don’t at all seem poised to cover all their … Read more

The US response to this pandemic is making us look weak, witless, & gutless to other nations.

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The US response to this pandemic is making us look weak, witless, & gutless to other nations. Our democracy (such as it is) is bleeding credibility by the day. We have the world's strongest military, but we'll be seen as feckless amateurs when it comes to public health. https://t.co/TIxaEcPuPb — Geoffrey Miller (@gmiller) March 6, … Read more

The 10-YR US Treasury yield moved from 1.88% in January to 0.66% today. Here is the history of big quarterly changes in rates and the performance of the S&P 500.

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The 10-YR US Treasury yield moved from 1.88% in January to 0.66% today. Here is the history of big quarterly changes in rates and the performance of the S&P 500. @SoberLook, @BradHuston pic.twitter.com/TTfdJemYbf — David Schassler (@schassler) March 6, 2020 .@elerianm warned not to buy the initial #coronavirus market dip. Here is what he had … Read more

Joe Biden would increase taxes by $4 trillion

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by Dr. Eowyn With the dropping out of Pete Buttigieg, Amy Kobluchar, and fauxcahontas Elizabeth Warner from the  2020 presidential race, and Buttigieg and Kobluchar’s immediate endorsement of Joe Biden, it looks like the Democrat Party establishment is determined that pedo Joe will be their nominee. The American people and especially businesses, already buffeted by … Read more