The Coronavirus crisis may have a larger impact on the global economy than market participants discount. We need to be aware of the risks.

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The #coronavirus crisis may have a larger impact on the global economy than market participants discount. We need to be aware of the risks. Our thoughts are with the victims and hope for a rapid solution to the epidemic. pic.twitter.com/fmAXq8wTit — Daniel Lacalle (@dlacalle_IA) January 29, 2020   China’s Coronavirus Overtake SARS, Economic Impact Could … Read more

Fed’s Repo Response Isn’t Fueling the Stock Market: Equities are being driven by low rates and a healthy economy, not central bank T-bill purchases.

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by NineteenEighty9 The author Bill Dudley is a senior research scholar at Princeton University’s Center for Economic Policy Studies. He served as president of the Federal Reserve Bank of New York from 2009 to 2018, and as vice chairman of the Federal Open Market Committee. He was previously chief U.S. economist at Goldman Sachs. https://www.bloomberg.com/opinion/articles/2020-01-29/fed-s-repo-response-isn-t-fueling-the-stock-market … Read more

Our Betters Are Trying To Protect Us From Making Money… Again

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HR2474: Kills Right-to-Work, Takes AB5 Nationwide. Impeachment of OrangeManBad may dominate Democrat talking points, but they haven’t forgotten to continue to punish citizens for the crime of wanting to be left alone. Up for a vote next week is HR2474. The Protecting the Right to Organize Act will not just cancel the right-to-work laws in 27 states, but it also contains … Read more

Even In Defeat, The Authoritarian Instinct Is Strong

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Failed Dem No One Remembers Says He’s Going to Make Sure Trump-Supporters Can’t ‘Show Their Face in Public.’ Speaking in what looks like an Applebees on karaoke night to about six people who look drunk, failed Senate candidate Jon Ossoff screamed into a handheld microphone about beating up people who disagree with him politically. Channeling … Read more

Coronavirus Exceeds SARS Toll; U.S., Other Countries Begin Evacuations; Air Traffic In Free-Fall As Virus Spreads; China Shuts Down Stock Market to Prevent Coronavirus Selloff

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Chinese authorities have decided to suspend trading on the nation’s two major stock exchanges. This comes after fears of a coronavirus crash. Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges. This move comes as the Wuhan coronavirus outbreak grows in size and severity. The government is kicking the can … Read more

Is It Time To ‘Buy The Dip’?

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Authored by Lance Roberts via RealInvestmentAdvice.com, Over the last few weeks, we have discussed the outsize market advance driven by the Fed’s massive liquidity injections into the market. As we discussed with our RIAPRO subscribers (30-day RISK FREE Trial) we stated: “If it appears to you that the recent rally is an anomaly, your thoughts do not … Read more

Top ten FAQs for tax filing season

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by yes_its_him Things to keep in mind for tax filing season (with clarifications edit: fixed to record some easy updates). You have to file federal taxes if you make enough money that you have tax liability, which is generally over about $12,200 gross for regular employment, and only $400 if you are self-employed. You want … Read more

Ross Beaty: Gold is Going to New All Time Highs

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We are still relatively early in this gold bull market, and there is a considerable distance to go. He cautions that eventually, the broader markets will have to correct, as money printing can’t continue forever. Ross discusses his early career and the lessons he learned while building his first company Equinox Resources. He says, “It’s … Read more

Stephen Roach: Coronavirus Could Shock the Global Economy Into Recession; ‘Lehman Type’ Moment? Analysts Warn That Markets Are Too Complacent

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Coronavirus Could Shock the Global Economy Into Recession: Stephen Roach One of the world’s leading authorities on Asia warns the coronavirus outbreak could wreak havoc on the global economy.     ‘Lehman Type’ Moment? Analysts Warn That Markets Are Too Complacent Markets are underestimating the potential fallout of the coronavirus outbreak, which could be a … Read more

Do N95 Masks Help? Yes!

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by Chris Do N95 masks really help? Someone on twitter pointed out that N95 filters down to .3 microns. SARS, which is a coronavirus, is 100nm according to NIH (link below). 100nm is .1 microns, so would the 2019 nCov be similar in size, and render the N95 useless?  https://www.ncbi.nlm.nih.gov/pubmed/12796822 Here’s what I wrote in an … Read more

IRS Free File if your income is $69,000 or below.

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by rnelsonee IRS Free File if your income is $69,000 or below. For reviews, I’ve used the following, but not with Free File (although they’re all pretty much the same as their Free File editions) Turbo Tax – expensive if you don’t get the “other” free edition but still the easiest. Extra apps and tools to import help. Live … Read more

Buckle up: Oil & copper plunging while gold rallies? This only happened a few other times in history

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Buckle up. Oil & copper plunging while gold rallies? This only happened a few other times in history: During the Great Recession & just prior to the EM meltdown. Commodities are clearly acting like a selloff in stocks is approaching. pic.twitter.com/pdhs7XBxPh — Otavio (Tavi) Costa (@TaviCosta) January 29, 2020 China’s bank assets grew from 9% … Read more

The Coronavirus infection rate: Does the market understand this growth rate? Or will it freak ?

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The Coronavirus infection rate is growth geometrically. Very predictable since China started offering data. It projects to 16k infected Fri and 88k next Mon Feb 3. Does the mkt understand this growth rate? Or will it freak ? Details here (1/2)https://t.co/39crVnLlw5 pic.twitter.com/zXEo8TlHbo — Jim Bianco (@biancoresearch) January 28, 2020 Coronavirus Could Shock the Global Economy … Read more

Danielle DiMartino Booth: ‘Addicted’ Markets Will Demand Another Rate Cut This Year And Boost Stocks To All-Time Highs

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Boom Bust, Released on 1/28/20 As the U.S. awaits comments from the Federal Reserve at its meeting Wednesday, Danielle DiMartino Booth gives you an insight on what to expect from the Fed in 2020. Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle … Read more

SHOCKED: San Francisco official in charge of cleaning up city’s filthy streets arrested by FBI for corruption

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The head of San Francisco Public Works, which is in charge of cleaning up the city’s feces-filled streets, has been arrested by the FBI on suspicion of public corruption. San Francisco Public Works Director Mohammed Nuru was arrested Monday alongside Nick Bovis, the owner of a popular sports bar in Fisherman’s Wharf, Lefty O-Doul’s. Sources told … Read more