by Michael Markowski The 2:00PM press conference held by US Fed Chairman Jerome Powell at the conclusion of the January 29th FOMC (Federal Open Market Committee) meeting started out with a bang. Within minutes the S&P 500 rallied to its high of the day. Shortly thereafter, the world’s leading stock index began to make lower highs and … Read more
Photo by Flickr.com | CC BY | Photoshopped From Birch Gold Group Like Victor Frankenstein, the Fed may have created its own monster. It’s been called many things, such as Quantitative Easing (QE), QE Lite, QE/Not QE, “Organic” Balance Sheet Growth, and more. But no matter what you choose to call it, the bottom line is this: The Fed is growing its official balance … Read more
ASIANS FIGHT BACK: I’M NOT A VIRUS! Fear in age of outbreak: Chinese not welcome… LONDON (BLOOMBERG) – Hong Kong suspends travel from China. Schools in Europe uninvite exchange students. Restaurants in South Korea turn away Chinese customers. As a deadly virus spreads beyond China, governments, businesses and educational institutions are struggling to find … Read more
by Michael Snyder This coronavirus outbreak continues to grow at an exponential rate. In fact, the number of cases is 14 times larger than it was just one week ago. Needless to say, if the number of cases continues to escalate at this pace, we are going to have a horrifying global pandemic of epic … Read more
by Charles Hugh-Smith All of these guarantees and redundancies are as illusory as the “unsinkable” technologies of the Titanic. The past three decades of global growth are rarely attributed to luck: it’s all the result of our brilliant fiscal, monetary and trade policies. Those in positions of wealth and power are delighted to take credit for … Read more
by Michael Snyder Up to this point, the coronavirus outbreak has been primarily confined to China. Yes, there have been isolated cases all over the globe, and that has mostly been from people flying from China back to their home countries. But overall, the vast majority of the confirmed cases have been in urban areas … Read more
By Simon Watkins The consensus of opinion is that China’s commitment to buy an additional US$52.4 billion in U.S. energy products in 2020/21 as part of the Phase 1 trade deal between the two countries is impossible to achieve. The consensus is wrong, as a paradigmatic shift currently taking place in the core power structure … Read more
The National Health Commission said in its daily report that 1,370 patients remained in critical conditions, and 12,167 people were suspected of being infected with the virus as of the end of Wednesday. A total of 124 people had been discharged from hospital after recovery. Wednesday saw 1,737 new confirmed cases, including the first confirmed case … Read more
by relaxok Everyone I work with and people at other companies that I’ve talked to didn’t know this and have been double paying every year. Note that not every situation is the same so please double check everything for you personally. Anyway, to summarize, when you receive stock from an Employee Stock Purchase Program, your … Read more
POWELL: ASSET VALUATIONS SOMEWHAT ELEVATED pic.twitter.com/O3hVnFRDtI — Michael Lebowitz, CFA (@michaellebowitz) January 29, 2020 POWELL: "WE DO SEE ASSET PRICES AS BEING SOMEWHAT ELEVATED" Hint: Chart below covers two other bubble periods ('00/07), how do they compare w/ today??? 😴💤💤🤔@judyshel @RobSKaplan @EricRosengren @marydalyecon @RaphaelBostic @neelkashkari @benbernanke H/T @crescatkevin pic.twitter.com/SJ2NFXBI44 — M/1_LP (@MI_Investments) January 30, 2020
OK, let’s look at the Tesla magic briefly. By Wolf Richter for WOLF STREET. Tesla’s profit was all about Tesla’s pollution credits, or “regulatory credits,” as it calls them. These are tax credits that Tesla gets from governments and sells to other companies. There is no cost associated with them; they’re booked as revenues and flow through to … Read more
From the director of WHO: People who have contracted new #coronavirus are showing a wide range of symptoms. Of known cases, most people exhibit milder symptoms, but about 1 in 5 people have severe illness, including #pneumonia and respiratory failure. People who have contracted new #coronavirus are showing a wide range of symptoms. Of … Read more
https://www.youtube.com/watch?v=QE_iawTkRMM U.S. Quarantine Stations are part of a comprehensive system that serves to limit the introduction and spread of contagious diseases in the United States. They are located at 20 ports of entry and land-border crossings where most international travelers arrive (see map below). They are staffed with medical and public health officers from the … Read more
https://www.youtube.com/watch?v=2-5pwzWHPCs Chuck Ross from The Daily Caller reports, Democratic 2020 candidate Joe Biden snapped at an Iowa voter on Tuesday, telling the man to “go vote for someone else” after he asked the former vice president not to support building new pipelines. Read More/Source/Credit/FairUse: https://dailycaller.com/2020/01/28/joe-biden-snaps-iowa-voter-video/
https://www.youtube.com/watch?v=3WDIpNIlm2k Joe Hoft from The Gateway Pundit reports, China is devastated by coronavirus. The government is shutting down most of the country. Major cities look like ghost towns. Cathay Pacific, the major airline in Hong Kong, announced a few days ago that it would allow its flight attendants to wear protective masks in flight. Read … Read more
https://www.youtube.com/watch?v=bsSLyZZXz2c Brock Simmons from The Gateway Pundit reports, Imagine this: You’re out with your family in one of the parks in New York state where you can actually see the stars when it gets dark. You look up in the sky, see a constellation, and you point upwards to show your kids. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020/01/cant-make-this-up-new-york-state-is-now-mandating-stargazing-permits-for-looking-at-the-sky/
What word would you use to describe current conditions in the financial markets? The market is sick. It has become delusional. This is typical for any late stage part of a cycle. What is truly different this time is that we have seen multiple attempts to defibrillate the financial system before it even fully went … Read more
