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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
via mercurynews As the United States gradually shuts down in a bid to slow the spread of the coronavirus, the trucking and tire industry is appealing to the government to allow gas stations, rest stops, and repair facilities to remain open to keep deliveries rolling. Pennsylvania’s Department of Transportation, for example, shut down all of its … Read more
https://twitter.com/Southrngirl77/status/1240723268434305025 The Supreme Court has been giving President Donald Trump recent wins. And in a close decision, they have handed him another one. The nation’s highest court recently took on a case involving undocumented workers and ruled that illegal aliens who steal Americans’ Social Security numbers can be charged with a crime. The SCOTUS issued … Read more
LANSING (WWJ) – In another move to help prepare during the fight against coronavirus, Governor Gretchen Whitmer is calling up the Michigan Army National Guard. Whitmer said the National Guard will assist the Michigan Department of Health and Human Services with assembling and delivering critical personal protective gear, such as gloves, gowns and face shields, … Read more
Karatbars International GmbH has proven to be a company that loves and believes in gold. In fact, the whole existence of the company is built on gold. It plans to restore the glory days of gold, to push it beyond what it is currently being used for. This Company offers physical gold in small denominations … Read more
HORRIFYING: One family in New Jersey had dinner together last week. 4 are now dead from Coronavirus, 2 more on life support. HORRIFYING: One family in New Jersey had dinner together last week. 4 are now dead from Coronavirus, 2 more on life support.https://t.co/oMwkuCMv6k pic.twitter.com/Sg8ZIdR8Nq — Piers Morgan (@piersmorgan) March 20, 2020 Vincent Fusco became … Read more
Anti-Trump left-wing lunatics in California are deliberately trying to spread the coronavirus to collapse the US economy and hurt Trump’s election chances.
by Shaun Richards We are facing quite a crisis and let us hope that we will end up looking at a period that might have been described by the famous Dickens quote from A Tale of Two Cities. It was the best of times, it was the worst of times, it was the age of … Read more
https://youtu.be/3n-WFv9_puY Bill Maher said said several times we need the economy to crash and it’s that or trump https://youtu.be/kuIp5DYf8Lc And another time https://youtu.be/NoeXlQw0jck “This is economy is going pretty well, we have to do something”, “the bottom needs to fall out” “we need to root for a reccesion” it’s that or trump “you should root … Read more
Fed putting massive money into system today. Stocks rising but credit near the lows/ not believing it. — Graham Summers, MBA (@gsummersmba) March 20, 2020 Credit can certainly get worse: ratings, quality & covenants are both crappier than they were a decade ago. The upside is that the Fed moved much faster to stop forced … Read more
Reality Check: 5th largest GDP in the WORLD – just went into lockdown! Now, ask yourself: Is this really priced in? $SPX We need a stimulus plan just to replace California! Straight talk from Trump is essential + nothing he says can be trusted#COVID19 #TrumpIsTheBlackSwan https://t.co/u71JOsV7ch — Samantha LaDuc (@SamanthaLaDuc) March 20, 2020 COVID-19 in … Read more
Yes you read that right. https://twitter.com/michaelsderby/status/1240805923389669377?s=21 😬 "Americans will need to stay home for at least several weeks" https://t.co/DhcK4sHust — M/1_LP (@MI_Investments) March 20, 2020 Upcoming job losses will be unlike anything the US has ever seen The coronavirus crisis is likely to result in layoffs on a scale that the U.S. has never seen … Read more
Frazzled by the sudden appearance of Financial Crisis 2, the Fed scurries in every bailout direction. By Wolf Richter for WOLF STREET: Corporate bonds have come under serious stress, starting on February 24 and building in a crescendo over the past 10 or so trading days. During this sell-off, credit-risk concerns are suddenly shooting to the top, as … Read more
We've had a massive asset bubble that is now crashing. Right now, most people are shell-shocked – they’re still in the denial phase. They’re thinking “Is this really happening? We’ll go back to normal soon.”$SPY $QQQ pic.twitter.com/C5nih2WToa — Jesse Colombo (@TheBubbleBubble) March 19, 2020 Credit has blown out (HY, IG and MUNI) to or beyond … Read more
By Simon Watkins One might reasonably posit that when Crown Prince Mohammed bin Salman (MbS) signalled that Saudi Arabia was once again going to produce oil to the maximum to crash oil prices in a full-scale oil price war, Russian President Vladimir Putin probably fell off the horse he was riding bare-chested somewhere in Siberia … Read more
by AC Every year, there are thousands of influenza cases that are tracked by the CDC. The two subtypes are H1N1 and H3N2. Nearly every year the number of cases reported for both strains tally into the thousands, if not tens of thousands for the United States alone. So the question is, why are there … Read more
by Tom McClellan The term “rogue wave” applies to strangely massive waves which occur in the ocean. And the same physics appears to show up in the movements of stock prices. Oceanographers who study this phenomenon have observed that it is not just about a wave being very tall above the mean sea level. A rogue … Read more
A Global Level 4 Health Advisory. All Americans abroad told to come home. All Americans at home told not to plan international travel. “If you choose to travel internationally, your travel plans may be severely disrupted, and you may be forced to remain outside of the United States for an indefinite timeframe.” Possibly related: Trump eyes grounding … Read more
My, Oh, my… —– Los Angeles County Is Now Under a Shelter in Place Order Los Angeles, like San Francisco…, now has its own shelter-in-place mandate, which is being called a “Safer at Home” order. City mayor Eric Garcetti, Los Angeles County Supervisor Kathryn Barger, and Department of Public Health Director Dr. Barbara Ferrer jointly announced the … Read more
