Spreading the truth. Empowering the people.
by WolfOfWoolStreet Although some believe that QE and Central Bank purchases are sufficient to reduce credit spreads, investment-graded corporate bond downgrades are on a 20-year high. I keep hearing on most … Read more
Emerging markets post record $83 billion outflow in March due to coronavirus shock, says @IIF – $52 bln equity outflow, $31 bln debt outflow. Compared to previous episodes of EM … Read more
“We are temporarily a company with no product and no revenue.” By Nick Corbishley, for WOLF STREET: TUI, the global travel and vacation giant that owns six European airlines, 1,600 travel agencies, … Read more
by MasterCookSwag Link to the letter to investors: assets.pershingsquareholdings.com/2020/03/26222617/Pershing-Square-Capital-Management-L.P.-Releases-Letter-to-Investors-March-26-2020.pdf Shamelessly stolen from Levine’s column today: That $27 million is not the total cost of protection; it is the running cost of … Read more
323 Billion Dollars on PORK SPENDING….. ALL of Pelosi family got pork money Earmarks, pork barrel projects and US government and civics | Khan Academy h/t SunshineGirl
How can we stop it? Boeing, which is pleading with Washington for a $60 billion bailout amid the coronavirus pandemic, announced on Friday that its CEO Dave Calhoun and Board Chairman Larry … Read more
The Walt Disney Co. is looking to raise as much as $6 billion through a debt offering, according to a company filing with the Securities and Exchange Commission on Friday. … Read more
Nearly one billion people confined to homes globally to curb virus Close to one billion people worldwide were confined to their homes on Saturday as the global coronavirus death toll … Read more
Do you think that most central banks will eventually buy stocks? The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, … Read more
by sundance National Economic Council (NEC) Director Larry Kudlow held an impromptu press conference to describe what sectors of the U.S. economy may need direct financial assistance to bridge revenue gaps … Read more
#BREAKING: Trump to propose $850 billion stimulus for coronavirus response t.co/yXmI3M9cw2 pic.twitter.com/fPNfHkdSbB — The Hill (@thehill) March 17, 2020
WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Holy moly, what a mess. But here is our hilarious cartoon of Jerome Powell tearing out his hair. Gotta keep you sense of humor. Sunday at … Read more
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to zero on Sunday and launched … Read more
The Obama administration covered up a report showing that $3.5 billion in foreign aid never reached it’s intended destination & purpose.
Of immediate concern is how much cash Boeing is burning due to the 737 MAX fiasco and now the coronavirus, and how much cash it can pile up to avoid … Read more