The amount of money pumped into the global financial system in the past couple months has been historic to say the least. There has been no indication that this will stop. It can’t. Many retail investors have begun to buy the dip and join the cheerleading squad. Of course today, retail investors have missed one very important point: Are the High Frequency Trading algorithms buying this or are we on track to beat our previous highs in short order?
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U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock. – StamfordAdvocate
www.stamfordadvocate.com/business/article/U-S-airlines-want-a-50-billion-bailout-They-15182769.php
Miles-long row of cars waits outside Florida food bank as demand for produce surges by 600 per cent | Daily Mail Online
SEC commissioner’s report reveals a ‘very troubling’ pattern in stock buybacks and insider selling
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Michael Burry Slams Virus Lockdowns in Controversial Tweetstorm – BNN Bloomberg
www.bnnbloomberg.ca/michael-burry-slams-virus-lockdowns-in-controversial-tweetstorm-1.1418274
NYC Rent and Coronavirus: Restaurant Owners Plea With Landlords for Forgiveness and Deferment – Eater NY
ny.eater.com/2020/4/2/21204298/nyc-rent-coronavirus-landlords-forgiveness-restaurant
‘Complete collapse of economies’ ahead as Africa faces virus
apnews.com/c79a173993d39ffe5773449ebaf9b9f8
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Germany Plans ‘Limitless’ Credit Program for Small Companies – BNN Bloomberg
www.bnnbloomberg.ca/germany-plans-limitless-credit-program-for-small-companies-1.1417909
ECB announces package of temporary collateral easing measures
www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr200407~2472a8ccda.en.html
Tesla will slash employee pay, furlough hourly workers
www.cnbc.com/2020/04/08/tesla-will-slash-employee-pay-furlough-hourly-workers.html
Scooter rental company Bird fires 406 people in two minutes by Zoom webinar | Daily Mail Online
Argentina Default Plan Burns Traders Who Trusted Local Debt
finance.yahoo.com/news/argentina-default-local-dollar-debt-124132899.html