2019-nCoV: They say that there’s 73k confirmed, but this puts estimates at 983,006

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They say that there’s around 73k confirmed with Coronavirus, but this assesment puts estimates at 983,006   Abstract Background: Since the first cluster of cases was identified in Wuhan City, China, in December, 2019, 2019-nCoV has rapidly spread across China as well as caused multiple introductions in 25 countries as of February, 2020. Despite the … Read more

China Could Grant Tariff Exemptions On U.S. Oil And LNG

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By Irina Slav China has opened for applications for tariff exemptions on a number of U.S. products and commodities including crude oil and liquefied natural gas, Reuters reported today. Tariffs were blamed for the slump in U.S. oil and LNG exports to China, which is one of the biggest importers for both commodities. They also interfered with … Read more

Where to Get Income in a Low-Yield World

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by Shaun Richards So far in 2020, the yield on the 10-year Treasury has averaged an anemic 0.01 percent when adjusted for inflation. Since the end of January, it’s actually dipped below 0 percent, trading as low as negative 0.14 percent on January 31. What this means is that investors are guaranteed to lose money … Read more

Boy Scouts file for bankruptcy due to sex-abuse lawsuits

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Via Marketwatch Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could … Read more

Twitter Locks WikiLeaks Official Account With 5.4 Million Followers, Days Before Julian Assange’s Extradition Hearing

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We’ve all watched as WikiLeaks aired the world’s dirty laundry, by leaking evidence of corruptions and crimes. The US came together with the EU to retaliate against Julian Assanage for pioneering this WikiLeaks whistleblower websystem. Now at a critical time in the questionable legal proceedings against Assange, which already include accusations of torture, Twitter has … Read more

China’s Drinkers get Happy Hour Margaritas Delivered to their Door as Coronavirus Lockdown Continues

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Not in Wuhan but other major cities Guangzhou and Beijing. Break open the kids’ piggy banks! Bars in major Chinese cities are delivering their happy hour drinks deals to customers’ places of residence as a large number of people remain stuck indoors because of the outbreak of the new coronavirus. But with people staying at … Read more

Pritzker ‘Fair Tax’ Would Hit Over 4 Million Illinoisans With Marriage Penalty, Potentially Give Wealthy Couples A Marriage Bonus

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While Gov. J.B. Pritzker has spent the past two years campaigning for a progressive income tax that he claims will only hit the rich, the plan also comes with a rare marriage penalty that subjects joint filers to higher income tax rates than single people. The marriage penalty would average more than $2,500 for those … Read more

Want To See How Bad It Really Is?

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    Baltic Exchange Dry Index Forecast Chart Ready to receive a wake up slap in the face ? First quarter will be a disaster – there are no car sales happening in #China 🇨🇳 right now. Europe is weak as well: European car sales -7.4%– France 🇫🇷 : -13.4%– Germany 🇩🇪 : -7.3%– Spain 🇪🇸 … Read more

The Real ‘Tragicomedy’ – Who’s Ready To Buy The ‘Dip’ Again Now?

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Authored by Sven Henrich via NorthmanTrader.com, We’re all frogs getting our perception of reality boiled in the pot of price perversion central banks have unleashed on the world. A tragicomedy of epic proportions continues to unfold in front of our own eyes. On Friday global markets again closed at record highs and this week everybody is … Read more

Mapped: U.S. Trading Partners Around the World

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by howmuch The U.S. has run a trade deficit since the 1970s. That means that as a whole, for the past five decades the U.S. has imported more goods from other countries than it has exported to other countries. However, at a more granular level, the U.S. has a trade surplus with some trading partners and a … Read more

“This will eventually end badly. I have never in my career seen anything as crazy as what’s going on right now.”

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Interesting comments from the CIO of major investment firm not known as a permabear: “We are either moving into a completely new paradigm, or the speculative energy in the market is incredibly out of control. I think it is the latter. I have said before that we have entered the silly season, but I stand … Read more

Anyone Catch Tucker Carlson on the China Threat Tonight? THIS IS HUGE: Democrats Divert Largest State Pension Fund Into Chinese Military.

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53 min in Congressman Calls on California to Fire Pension Official Tied to Chinese Spy Program Fund manager has poured millions into regime-linked companies “A Republican lawmaker urged California to fire a top pension fund official because he participated in a Chinese program that the FBI has called “non-traditional espionage against the United States.” Rep. … Read more

Market is taking coronavirus in relative stride because, if things get marketedly worse, “We’re gonna have more QE before you can blink.” – Jefferies’

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Market is taking coronavirus in relative stride because, if things get marketedly worse, "We're gonna have more QE before you can blink." – Jefferies' @jefmacrostrat, on @CNBC — Carl Quintanilla (@carlquintanilla) February 18, 2020 #Equity #markets looking pricier by the minute Via ⁦@GoldmanSachs⁩ ⁦@SoberLook⁩ pic.twitter.com/PAvYSRIvw7 — Gregory Daco (@GregDaco) February 18, 2020 This is asinine. … Read more

UBS’s China activity tracker sending very similar signals to GS from Friday.

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https://twitter.com/M_PaulMcNamara/status/1229681406198140928 China's flight capacity has shrunk so much in the midst of the coronavirus outbreak that its aviation market is now smaller than Portugal's. 1.7 million seats — almost 80% of capacity — dropped from China services.https://t.co/PMgD8lHnmM by @mangogemini #COVID19 pic.twitter.com/y9YQv52MxX — Tracy Alloway (@tracyalloway) February 18, 2020 https://twitter.com/evdefender/status/1229680578028539904

Warren is selling APPLE… Walmart just posted its biggest earnings miss August 2015… Looks like the recession has already arrived…

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https://twitter.com/HaulingWolves/status/1229404476722884609 https://twitter.com/NorthmanTrader/status/1229778049853468675 Coming in ~4% shy of estimates, Walmart just posted its biggest earnings miss August 2015, says @HumOnTheMarkets $WMT — Carl Quintanilla (@carlquintanilla) February 18, 2020 Walmart earnings and outlook fall short as holiday season disappoints Walmart on Tuesday reported fiscal fourth-quarter earnings that fell short of analysts’ estimates, as the retailer saw weak … Read more

SARS vs coronavirus: Why it’s different this time and the effects on the world economy

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by theycallmeryan I see many comparisons of the coronavirus outbreak to SARS everywhere. From the media to analysts to WSB posters, everyone loves to compare this coronavirus outbreak to SARS and say that the economy recovered quickly last time, so it will do the same this time. A lot has been discussed about the supply chain … Read more

Online v Brick & Mortar

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by Martin Armstrong QUESTION: Sir, My daughter works at a brick and mortar pet smart store as a 33 hour per week employee. She told my wife that PetSmart bought the online pet food store chewy.com ie their online competition. What’s also interesting is that they are focusing on non-online activities such as training and semi … Read more

European Gas Prices Set To Slump

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By Irina Slav Earlier this month analysts sounded the alarm for European natural gas prices when it turned out that a lot of Asian buyers are turning down LNG cargoes and Europe is taking these in, filling up its storage space. Now, everyone seems to be wondering when prices will bottom out, if they will bottom out … Read more