Don’t buy the dip

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by DiffManyFold Take a look at the US Yield Curve right now. It’s completely under water. All yields below 2%. i.e. below inflation. i.e. basically negative. Investors are losing money just to make sure their money is in a safe place.https://www.marketwatch.com/investing/bond/tmubmusd02y?countrycode=bx I’m not saying buying puts. Just don’t be a bag holder. If you’ve made loads of … Read more

Is Coronavirus Bursting The Fed’s Monster Bubble?

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Is coronavirus bursting the Fed's monster bubble? It's impossible to know for certain, but we need to be aware of that risk. These are extremely precarious times. https://t.co/JoyFFtYDEj — Jesse Colombo (@TheBubbleBubble) February 24, 2020 Technical bounce dominating at the market open.Dow is up over 300 points,erasing some 20% of the prior 2 sessions’ losses. … Read more

Reddit’s Ministry of Truth has removed mods from r/the_donald and is attempting to infiltrate the mod team with a list of “vetted and approved applicants”

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by upvoatz https://np.reddit.com/r/The_Donald/comments/f9fvq9/the_slow_creep_of_death_of_the_donald_has_sped_up/ The slow creep of death of The_Donald has sped up. (self.The_Donald) submitted 4 hours ago by shadowman3001MHM – announcement (Former, as of minutes ago, top mod of the last few years here) First they changed upvote algorithms to keep us from reaching the masses. Next, they outright censored us from /all. Then, they … Read more

The Most Splendid Housing Bubbles in America, Feb. Update

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Prices in San Francisco Bay Area, Seattle, Chicago, New York at early-2018 levels. But Phoenix, Tampa, Charlotte show surging house-price inflation. By Wolf Richter for WOLF STREET. House prices in the five-county San Francisco Bay Area – the counties of San Francisco, San Mateo (northern part of Silicon Valley), Alameda and Contra Costa (East Bay), and Marin (North … Read more

BLOOMBERG: I Bought Congress

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2020 Democrat candidates participated in another debate Tuesday night in Charleston, South Carolina and it turned out to be a total sh*t show. “Let’s go on the record…they talk about 40 Democrats — 21 of those people that I spent $100 million on to help elect. All the new Democrats that came in that put Nancy … Read more

If Coronavirus is bad under an authoritarian regime like China, in the west it’s going to spread like wildfire

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Italy has weak quarantines not strong like China, looks like Europe is doomed! On the outskirts of Zorlesco, a small town in Italy’s north, Luigi Malabarba is living on the frontline of the coronavirus outbreak – literally. Police cars swooped in on Monday and a handful of officers wearing facemasks and plastic gloves jumped out … Read more

Wayne Jett: China Virus Accelerating End Stage of Fiat Currency Disease, Huge Bank Bailout Coming Because of China Virus

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Wayne Jett is an accomplished lawyer who has argued cases in front of the U.S. Supreme Court. Jett is also an expert on the Federal Reserve. If the derivatives market blows up because of the China virus chaos, will people lose their money in the banks? Jett says, “That is correct. That is exactly what … Read more

Central bank monetization of Treasury debt, QE4ever, and “repo madness” will not fix a non-financial disaster like a global pandemic. We’ll know in a few months.

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by Gary Christenson Cycles: What Goes Up Comes Down Miles Franklin sponsored this article by Gary Christenson. The opinions are his. From Charles Nenner: “It’s Time to Sell.” (January 28, 2020) “Market will go down 40%” “We are totally out of stocks.” “These bull markets don’t stop on a dime.” “Small investors are upset if they miss another … Read more

UK Budgets end up having no fiscal rules

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by Shaun Richards This morning has seen something of a think tank old reliable in play. The Institute for Fiscal Studies has put out a press release on the issue of fiscal rules in the UK so let us take a look. The emphasis is theirs. On current policy borrowing next year could be £63 … Read more

Shale Decline Inevitable As Oil Prices Crash

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By Nick Cunningham The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the … Read more

Unicorns & Non-Unicorns Hung Out to Dry: As SoftBank Licks its Wounds, Startup Funding Fizzles, Shutdowns & Layoffs Spread

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The out-of-money moment is here. The party is over. But it sure was fund, so to speak, while it lasted. By Wolf Richter for WOLF STREET. It’s now a near daily litany: Startups, once assured to be fed endless cash to burn, are laying off people or are shutting down entirely as funding for them dries up, and … Read more

Coronavirus wipes out $1.7 trillion in US stock market value in two days

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https://www.cnbc.com/2020/02/25/coronavirus-wipes-out-1point7-trillion-in-us-stock-market-value-in-two-days.html The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The Nasdaq Composite fell 2.8% on … Read more