Tamiflu is a Big Fraud

by

“The lawsuit claims the drugmaker’s scheme involved publishing misleading articles falsely stating that Tamiflu reduces complications, severity, hospitalizations, mortality and transmission of influenza. The company then used those articles to aggressively market the drug to the government for pandemic use. Relying on the supposed truthfulness of Roche’s claims, federal and state governments spent about $1.5 … Read more

VIX Low And Steady With Slowly Declining Stock Returns (Is The Fed Propping Up Markets??)

by

by confoundedinterest (Bloomberg) — How good does this bull market feel? One way of answering that might be to consider returns adjusted for time. Right now, if you had the supernatural good fortune to have bought stocks at the bottom of the financial crisis, your annualized return in the S&P 500 is right around 18%. Here’s a chart of how that … Read more

Be ready to face unexpected economic slowdown, EU to tell G20

by

Be ready to face unexpected economic slowdown, EU to tell G20 https://t.co/4RVIRU6Gyh via @Reuters pic.twitter.com/VYJDbuN9MQ — 🇪🇺 🇲🇨🇨🇭Dan Popescu 🇫🇷🇮🇹🇷🇴 (@PopescuCo) February 13, 2020 BRUSSELS (Reuters) – European Union finance ministers will warn their counterparts from the world’s most industrialized nations they should get ready to face a potentially large global slowdown, an EU document … Read more

China’s economy is swimming in debt

by

When one adds the growth of the 'shadow banking' sector, mostly missing from standard debt calculations, a truly scary picture emerges. (Please note that the PBoC has not offered estimates for shadow banking assets for 2018). China's economy is swimming in debt. 4/ pic.twitter.com/CjDKjYuHHs — Tuomas Malinen (@mtmalinen) February 12, 2020  

Telsa’s Q4 deliveries/earnings are a joke, as is the press parroting & the lemmings consuming

by

$tsla has channel stuffed, and they don’t even get the $$ til the cars are resold Q4 deliveries/earnings are a joke, as is the press parroting & the lemmings consuming If @CNBC / @Lebeaucarnews types actually provided insight, this would be headline They are here for the pump https://t.co/x8yDhYHocw — luis carruthers (@orthereaboot) February 13, … Read more

Record highs in equities are masking excesses in the corporate credit market and a reckoning is coming…

by

via Yahoo: Record highs in equities are masking excesses in the corporate credit market and a reckoning is coming, according to Societe Generale SA global strategist Albert Edwards. “It’s the quantity of corporate debt which is off the scale, as well as its low quality,” Edwards, who is a longtime market bear, said in an … Read more

The IPO class of 2019 is the least profitable of any year since the internet bubble. How much are you willing to pay for every dollar of profits?

by

🇺🇸 IPOs The IPO class of 2019 is the least profitable of any year since the internet bubble👉 https://t.co/4mikqB41Bj h/t @GoldmanSachs #markets #stocks#IPO #equities #unicorns #startups #stockmarket #investing #unicorn #startup pic.twitter.com/fhMzLe1QTb — ISABELNET (@ISABELNET_SA) February 13, 2020 Downward $SPY EPS est revisions for 1Q20 have set that period’s growth expectation to +0.85%. This makes more … Read more

We are closing to the point, where politicians need to step in and stop central banks from causing a monetary collapse.

by

We are closing to the point, where politicians need to step in and stop central banks from causing a monetary collapse. Independent #centralbanks were supposed to be our best defense against debt monetization and hyperinflation. It's time for them to go.@elinalepomaki https://t.co/DeGreaV298 — Tuomas Malinen (@mtmalinen) February 13, 2020 im beginning to question whether the … Read more

Nobody has a clue how bad this coronavirus situation really is.

by

https://twitter.com/NorthmanTrader/status/1227978878171459585 US does not have ‘high confidence’ in coronavirus information, official says The U.S. does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC. After several days of reporting a slowing number of new confirmed cases, Chinese officials said on Thursday … Read more

Tomorrow’s a big day. Judge Patricia E Campbell-Smith is expected to rule on whether to issue the stop-work order by Thursday.

by

by curiousprovisions “Under a schedule already agreed to the court, Amazon, DoD and Microsoft, judge Patricia E Campbell-Smith is expected to rule on whether to issue the stop-work order by Thursday. If she does not, the Defense Department has said it plans to issue the first “substantive” JEDI task order to Microsoft on Friday.” Source If … Read more

The Crisis Will Sink Stocks And Propel Gold

by

by Egon von Greyerz There are no safe assets. In 2002 we recommended our investors to hold up to 50% of their financial assets in physical gold. Today in 2020, I consider that up to 100% is the right figure since there are no safe assets except for physical precious metals. We are now at the … Read more

School calls police on kindergartner with Down Syndrome who pulls her gun finger on a teacher

by

by DCG From KTLA: A Pennsylvania elementary school called the police after a kindergartner with Down syndrome made a finger gun at her teacher. Officials concluded there wasn’t a threat, but the girl’s mother said they went too far. Maggie Gaines called on the Tredyffrin-Easttown School District to update its threat assessment policy after her 6-year-old daughter Margot was … Read more

Falling Oil Prices An Economic Warning Sign

by

by Lance Roberts On Tuesday morning, I got engaged in a debate on the recent decline in oil prices following my report on COT Positioning in the space. To wit: “The inherent problem with this is that if crude oil breaks below $48/bbl, those long contracts will start to get liquidated which will likely push oil … Read more

NBC News: “McClatchy, publisher of dozens of U.S. newspapers, files for bankruptcy protection” #LearnToCode

by

McClatchy, publisher of dozens of U.S. newspapers, files for bankruptcy protection The publisher of the Miami Herald, The Kansas City Star and dozens of newspapers across the country is filing for bankruptcy protection https://www.nbcnews.com/news/all/mcclatchy-publisher-dozens-u-s-newspapers-files-bankruptcy-protection-n1136256 Ghosty – Big Tech Book Burning (Original Song) #VoxAdpocalypse (NSFW)   h/t dr0id

Theranos founder and CEO Elizabeth Holmes trying to get fraud case dismissed in U.S. Federal Court

by

https://www.bloomberg.com/news/articles/2020-02-10/holmes-challenges-u-s-charges-over-theranos-patient-blood-tests and https://www.cnbc.com/2020/02/10/elizabeth-holmes-attorneys-ask-judge-to-throw-out-theranos-fraud-case.html For anyone somehow out of the loop on the company and why they are well known: https://en.wikipedia.org/wiki/Theranos