“Don’t fight central banks”… Until it stops working.

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"Don't fight central banks"… Until it stops working. Global money supply vs MSCI World pic.twitter.com/WOFwLQYLsK — Daniel Lacalle Official Account (@dlacalle_IA) March 4, 2020 The slide in US 10y bond yields below 1% suggests the Fed has lost control and deflationary stagnation awaits. Alexander Hamilton’s creations are now in uncharted territory. https://t.co/lghEtThX9A pic.twitter.com/BpGfLdQcfq — Holger … Read more

The sellout centrist Dems think that Biden, whose mind is clearly entering dementia, is going to beat Trump. Trump will wipe the floor with him.

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https://twitter.com/PhilipSoos/status/1235185857985822721 https://twitter.com/GreekFire23/status/1235184181354926080 Democrats Decide to Lose with Biden, Keep Establishment in Power RUSH: Okay, folks. I’m sorry it took me so long to figure this out, but I have now figured it out. I know what’s going on in the Democrat Party and I’m embarrassed I didn’t see it before last night. I saw it … Read more

Chinese Q1 GDP could potentially be -12%; Car sales drop record 80%; Business Activity Index fell over 25 index points

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Chinese Q1 GDP could potentially be -12%.@Amdalleq @mtmalinen @DiMartinoBooth @TechQn https://t.co/2UUGXQaMPQ — Ian Prittie 🇨🇦 🇺🇸 🇷🇺 (@thereds8) March 3, 2020 🇺🇸🇨🇳 Arghhhhhhhhh, where did you go? 😱 Part 2 easing countdown: 3, 2, 1…. –> https://t.co/d64PP0JZYe pic.twitter.com/S0XXc5otyI — Morten Lund (@meremortenlund) March 4, 2020 OUCH! #China car sales drop record 80% as virus empties … Read more

WHO says fatality rate higher than thought… TWO strains spreading… FAUCI PANDEMIC WARNING

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AMAZON employee tests positive for virus… Seattle ‘a ghost town’… Man in mask passes out on NYC sidewalk… Tensions rise as U.S. death toll reaches 9… WHO says fatality rate higher than thought… TWO strains spreading… Researchers from Beijing and Shanghai studied 103 samples of the coronavirus They found two strains of it, named them … Read more

Ready for another shock-and-awe panic-cut by the Fed? Last time the Fed panic-cut was in 2007/2008, and look what happened to stocks.

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By Wolf Richter for WOLF STREET. Spooked by the Fed’s shock-and-awe surprise 50-basis-point rate cut, the already frazzled markets did a job today. Gold surged nearly 3%. The three major stock indices all swooned nearly 3%. And Treasury yields plunged across the board. The 10-year Treasury yield plunged from 1.13% pre-announcement to an intraday low of 0.935%, and closed … Read more

Michiel Mol’s space tourism. What happened to XCOR’s $26,8 million?

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US President Donald Trump’s 2021 budget invests more than $25 billion in NASA, a 12 percent increase that makes it one of the strongest budgets in NASA history. This would significantly expand the niche and market entry threshold for new space players. Unfortunately, among numerous worthy and promising startups, there is a significant risk of … Read more

“If this doesn’t foretell a global recession & further big declines in equity prices, I don’t know what would, especially in view of Fed’s unexpected & large 50bps rate cut today,” Gary Shilling writes.

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This time is different? Announced buybacks plummet by 67%, panic cuts everywhere, CNBC is running the 8th “Markets in Turmoil” special since last week…. https://twitter.com/NorthmanTrader/status/1234985517592137729 Announced buybacks plummet by 67% in 2020 (mostly pre-Covid-19). Probably why we are not seeing the usual late-day "buy the dip" rallies. This matters because:1 – Buyback were the single … Read more

A man dropping dead in Flushing NY

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根据警方消息，这名亚裔男子年龄在20-25岁左右。3日下午一点左右，该男子因头晕摔倒在纽约法拉盛缅街和罗斯福交口附近，随后他被送往纽约长老会医院皇后区分院。这名男子在事发时戴着口罩，被送医时头部被磕伤，但意识清醒，无发热、咳嗽等症状。目前还未确定该男子是否有其他疾病。 pic.twitter.com/qQOuubAeRs — 杨占青 (@yangzhanqing) March 3, 2020

Larry Summers: Fifty Basis Rate Cut, Fed is Running Out of Ammunition

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https://www.youtube.com/watch?v=fm3dnDSllqA Mar.03 — Former U.S. Treasury Secretary Larry Summers comments on the Federal Reserve’s emergency rate-cut decision on “Bloomberg Markets.” Mar 3, 2020 – 13:18:46 PST Fed Rate Cut Strains Central Bank Peers With Less Room to Follow The Federal Reserve’s decision to slash U.S. interest rates to contain the economic damage from the coronavirus … Read more

Germany Is On The Verge Of Economic Collapse 2020 Euro CRASH !!

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https://www.youtube.com/watch?v=wQ2nIuomOb4 Germany is the largest economy in Europe and it has been very pivotal to the success of the European Union. However, the German economic situation is taking a new shape as data being released is showing a looming economic collapse. The economy has been flopping for months and the manufacturing sector has been declining … Read more

The Wit and Wisdom of Joe Biden

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Biden: ‘All Men And Women Created By… The Thing’ ABORT ABORT pic.twitter.com/BsLsn00ual — Timothy Burke (@bubbaprog) March 2, 2020 free free free pic.twitter.com/KpTCNAUAtX — Timothy Burke (@bubbaprog) March 2, 2020 I would appreciate those fans of Biden to post the video of him quoting the Declaration of Independence, Democrat syle. I don’t know how to … Read more

Consumers being squeezed again ahead of a recession; US2Y yield is collapsing like it was 2007/2008; The selloff looks far from done.

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Yields collapsing… Time to buy a house? At record lows, mortgage rates are still more than double 30-year yields. This ratio has never been higher. Last spike was during the worst of the ’08 meltdown. Consumers being squeezed again ahead of a recession. pic.twitter.com/MuDWVZqinA — Otavio (Tavi) Costa (@TaviCosta) March 2, 2020 US2Y yield is … Read more