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
Instagrammer @CostcoDeals shared a photo of a sign that says non-Costco members will lose access to the food court starting in about a month. NOOO! “Effective March 16, 2020, an active Costco membership card will be required to purchase items from our food court,” the sign reads. “You can join today. Please see our membership … Read more
and the video is dated as of December 2019! so why are they showing this ad NOW h/t DMG
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
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
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
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
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
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
https://twitter.com/PubliusAmerica2/status/1232480347608104960
Boom Bust, Released on 2/25/20 “The market would not be pricing in three rate cuts in the next 12 months if it didn’t foresee a rising probability of recession coming to U.S. shores.” Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left … Read more
by John W. Whitehead “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat, French economist Let’s talk numbers, shall we? The national debt (the amount the … Read more
by metalreflectslime Multiple CEOs stepped town today and this week: Disney, MasterCard, L Brands, Salesforce, Uber Eats, HULU, MGM, IBM, LinkedIn, Match.com, Aurora Cannabis and more. Disney: https://abcnews.go.com/Business/wireStory/disney-ceo-bob-iger-steps-bob-chapek-named-69210724 Mastercard: https://www.reuters.com/article/us-mastercard-ceo-idUSKBN20J1LG Salesforce: https://www.msn.com/en-us/finance/companies/salesforce-co-ceo-steps-down-leaving-founder-marc-benioff-in-charge/ar-BB10nWu9 Uber eats https://kvia.com/news/business-technology/2020/02/25/uber-eats-head-steps-down-as-company-focuses-on-making-meal-deliveries-profitable/ I wonder if they plan to retire to a nice resort in New Zealand.
by confoundedinterest Mac! Mac! Mac! While the US Treasury 10-year has just hit modern history lows, the Freddie Mac 30-year survey rate is CLOSE to its all-time low rate!! Meanwhile, former Minneapolis Fed President Narayana Kocherlakota is calling for The Fed to cut rates immediately! The Fed’s rate-setting Federal Open Market Committee holds its next meeting … Read more
by HITLERMAHJONG Stock: AMARIN (AMRN) Direction: Bullish Price Target: 20$, 22$ Type: Put Credit Spread Fundamental: Amarin is currently off a slow decline due several weaknesses, most prominent being its patent lawsuit against 2 other companies. This can hurt their profitability and market share, as AMRN currently dominates the heart disease medicine area with Vascepa. In addition, AMRN is … Read more
via theedgemarkets Amid the darkest stretch U.S. stocks since 2018, one thing stands out. American investors are paying dearly for the optimism that drove the S&P 500 at the start of the year. While big declines often follow big run-ups, this reversal — coming after weeks of euphoric buying — has been almost historically violent. In … Read more
Enough of this already…..vote to put Joe out to pasture…..this is just pathetic. h/t FeedYourHead
