OUR MEDIA CLASS: DUMB AS ROCKS.
.@WhoopiGoldberg calls @DrBiden a "hell of a doctor" Whoopi wants her to be Surgeon General. Biden has a doctorate in education. pic.twitter.com/7FzSyKGSta — Washington Examiner (@dcexaminer) March 4, 2020 GR
Joe Biden struggles to recite a single sentence from the Declaration of Independence at a rally: “All men and women created, by the, go, you know the… you know the thing”
https://streamable.com/0s97i One of the requirements to become President of the United States is that you must be at least 35 years old, but there is no upper limit to how old someone can be as President. As people age, their cognitive abilities decline. Go watch a Donald Trump interview from the 90s then watch an … Read more
Feces found on every McDonald’s touchscreen tested
Traces of faeces have been found on every single McDonald’s touchscreen swabbed in an investigation by metro.co.uk. Samples were taken from the new machines that have been rolled out at restaurants across the country – every one of them had coliforms. Senior lecturer in microbiology at London Metropolitan University Dr Paul Matewele said: ‘We were … Read more
The unjustified Fed rate cut creates a massive risk aversion reaction. Desperate measures do not generate confidence.
The unjustified Fed rate cut creates a massive risk aversion reaction. Desperate measures do not generate confidence. Investors perceive Fed knows something nasty about the economy if they decide to make a surprise cut when the macro, jobs and inflation data is “solid”. pic.twitter.com/pfSsTZr8ij — Daniel Lacalle Official Account (@dlacalle_IA) March 3, 2020 Bloody f*king … Read more
Why this time is different and VIX is here to stay
by originalmuggins Historically, massive VIX spikes are not sustained. Usually there is a big event, a massive market fall out, and then volatility while the market tries to figure out the new equilibrium. Sometimes there is an actual economic downturn that can lead to a recession. So usually, long options in a high VIX environment … Read more
So the FED is now forced to ramp of up its REPO-repair, which likely should be considered as an emergency financial rescue (reminiscent of 2008?).
via Marketwatch: The New York Fed’s overnight repo operation offering liquidity to broker-dealers was oversubscribed on Tuesday. The Fed tendered $100 billion of temporary funds in return for high-quality collateral like Treasurys and mortgage-backed bonds, with $108.6 billion of bids offered for the available funds. The longer-term 14-day repo operation of $20 billion was also … Read more
Schumer just threatened two Supreme Court Judges
Wow: Chuck Schumer to Justices Gorsuch & Kavanaugh: “You have released the whirlwind & you will pay the price.” “You won’t know what hit you if you go forward with these decisions” Can you imagine the media outrage if McConnell said this about RBG? 🤔pic.twitter.com/0yK0YrloJC — Charlie Kirk (@charliekirk11) March 4, 2020 Out of bounds … Read more
Peter Schiff – Massive Stock Bubble Finally Found a Pin, Fed Going to Need Bigger Rate Cut
Economist and money manager Peter Schiff says, “Everybody is a long term investor until they need the money. This is a giant Ponzi or pyramid scheme. . . . The only way people can retire from their stock portfolio is to sell shares. . . . Or if everybody is stuck in the same emergency … Read more
Robinhood offers $15 discount, blames outage on record trades
The $912 million-funded fintech giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. It’s offering them three months of service. A month of Robinhood Gold costs $5 plus 5% yearly interest on borrowing above … Read more
ISM, Construction spending, Bank loans, HK chart, Headlines, CEO departures
by WARREN MOSLER Another one of those brief moves up after the long slide seems to be reversing: The ISM Manufacturing PMI for the US declined to 50.1 in February of 2020 from 50.9 in January and below market expectations of 50.5. New orders contracted (49.8 from 52), production slowed (50.3 from 54.3) and both employment … Read more
A nice history lesson on Fed rate cuts going back to 1987…..and how different (dangerous) it is this time
Simon Black @thesovereignman with a nice history lesson on Fed rate cuts going back to 1987…..and how different (dangerous) it is this time pic.twitter.com/nBc4LclQlB — M/1_LP (@MI_Investments) March 4, 2020 Rates are going to ZERO. 10yrs could be 50bps or less. For an institutional portfolio with mix of equity and govt bonds, your bonds will … Read more
Accounting fraud? Tesla skimps on warranty costs to inflate its profits, critics allege
https://twitter.com/evdefender/status/1235230935605485570 Over the last four months, Tesla’s shares have nearly tripled in value after the company’s quarterly earnings twice beat Wall Street’s expectations. But some Tesla critics allege that those profits were the result of misleading accounting. They claim that Tesla has inflated its profits by artificially lowering its “warranty reserve,” the money it sets aside to … Read more
We’re downgrading China growth this year from 5.9% to 3.7% & the US from 2.0% to 1.3%. Rest of the world is shaky.
China, Japan, Germany, Italy, South Korea likely are already in recession. Inflation expectations keep falling – this is not the time for “wait-and-see”. @ecb should start sizable permanent expansion of the money base and keep going until market inflation expectations are at 2% https://t.co/JuzcQfm6Q0 — Lars Christensen (@MaMoMVPY) March 4, 2020 The Fed's current posture … Read more
Reddit is really cleaning house now on subs and content they don’t agree with. Had about 16 of these come through as they’re imposing new mods and shutting down subs.
by don_tiburcio In light of recent changes by reddit admin affecting other subs where mods are being replaced, users banned, and content filtered, censorship is slowly creeping across the website and leading to an entire Reddit that conforms to the mainstream narrative and admin view.
One of the worst pieces of Propaganda I’ve seen in a bit.
This dude has minimum a cold and decided to drink from his infants water bottle and give it back to her. He was just released from quarantine. I guess he still isnt concerned about hygiene. h/t AcidNewports
CRITICAL ALERT: ALL EYES ON THE 10YR YIELD.
IMF. “Global economic slowdown more significant than previously thought.” No surprise to ANYONE who follows my work.. The US and the world economies are in free-fall… GM
It’s not just old people *doctor from Italy*
3:25 of the video… This is an anesthesiologist from Italy. Says criteria varies as well as age. No way our CDC is going to get this right… Ages vary No contact with infected people X-ray doesn’t show…only CT scan This is technical..listen carefully wow, he says you have to intubate early on to protect health … Read more
VIDEO: The Young Turks’ Cenk Uygur Has a MELTDOWN Over Super Tuesday: DECLARES THIS IS WAR – PROMISES BERNIE SANDERS IS GOING TO BE THE NOMINEE
ROFL pic.twitter.com/BzdNewIdqQ — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) March 4, 2020 Super Tuesday Results: BERNIE SUPPORTERS on SUICIDE WATCH: Joe Biden Wins 10 of 14 States, Bernie Sanders Wins Only 4 of 14 States View post on imgur.com https://www.nytimes.com/interactive/2020/03/03/us/elections/results-super-tuesday-primary-election.html Joe Biden Wins: 01. Ala. Biden wins. 02. Ark. Biden wins. 03. Mass. Biden wins. 04. Minn. Biden wins. 05. … Read more