Another Busted M&A Arb As Xerox Abandons Hostile Bid For HP, Blames Virus So it appears David will not be slaying Goliath this time (in what is likely to come as no surprise to anyone who has actually been paying attention). Having started this debacle on Nov 5th 2019, Xerox has decided to end its […]
Steve Cohen Doubts This Is The Bottom: “Markets Don’t Come Back In A Straight Line” Over the weekend, we reported that the only question Goldman’s client are asking is “are we past the bottom” and “has a new bull markets started.” Not surprisingly, today we also learned from Michael Wilson that the main question Morgan […]
After Worst Quarter Ever, WTI Extends Losses On Massive Crude & Gasoline Build After its worst quarter ever, as COVID-19 lockdowns crushed demand, raising fears about overflowing storage tanks amid a price war that has flooded the market with extra supply, all eyes are glued to new inventory data as Standard Chartered analysts, including Emily Ashford warned […]
P Is For Pandemic (And Populist Rage) Authored by Jim Quinn via The Burning Platform blog, In Part One of this article I detailed the criminal enterprise that constitutes the leadership of this country. The facts are clear. We’ve been screwed over by those who were supposed to represent us. Now it is time to look in […]
Stocks Suffer Worst Start To A Year Ever… As Trump Approval Reaches Record High It’s Official… Here’s a chart that no one suspected would happen (most of all not the media and the democrats)… as stocks crashed by record amounts in March, President Trump’s approval rating has soared to the highest of his presidency… Source: […]
28 Spring-Breaker ‘Covidiots’ Test Positive In Texas After Group Trip To Cabo The ‘Covidiots’ have struck again. The City of Austin’s public health department just reported that 28 young adults who recently returned from a spring break trip to Cabo have all tested positive for COVID-19, a local TV news station reports. These students were […]
COVID-19: Ten Things To Think About Authored by Justin Pavoni via The Ron Paul Institute for Peace and Prosperity, 1. All of this can be solved by following the voluntary principle: If you are worried then stay home. If you are willing to assume the risk then go to work. Going to work means you […]
Alleged ‘Crisis Profiteer’ Arrested For Coughing On FBI Agents And Claiming He Had Tested Positive For COVID-19 We’re not the first to remark that the novel coronavirus outbreak has exposed the worst of humanity, from spring-breaker ‘covidiots’ to unscrupulous ‘entrepreneurs’ who hit every Costco and Wal-Mart in a 60 mile radius to stock up on […]
Atlas Is Shrugging Authored by Stephen Moore, op-ed via The Epoch Times, “Government help to business is just as disastrous as government persecution… The only way a government can be of service to national prosperity is by keeping its hands off.” – Ayn Rand Congress has just approved an economically bloated $2.2 trillion spending relief […]
Under Armor To Produce 100,000 COVID-19 Masks Per Week America’s economy has transformed into a wartime economy. Companies are quickly changing over production lines to produce medical equipment that will aid first responders and health care systems with tools to win the fight against COVID-19. Ford, GM, and Tesla have already pledged to make ventilators, mobilizing thousands of […]
Dramatic Drone Footage Reveals Ghost Town As Hoboken Residents Shelter If Hoboken residents shelter-in-place, adhering to strict social distancing rules enforced by New Jersey, then the COVID-19 outbreak might peak around July 31, reported Patch Hoboken, citing a new analysis. Columbia University researchers said the best-case scenario is that shuttering of non-essential businesses, closing of education […]
UC Tells Students “Do Not” Say “Chinese Virus” (And “Do Not Allow” Others To Say It Either) Authored by Arik Schneider via CampusReform.org, The Council of Chief Diversity Officers at the University of California released a “guidance document” to announce “supportive positive and inclusive campus climates during the COVID-19 crisis.” The list begins by telling students […]
‘No Confidence’: Problems Found In Dozens More FBI Spy Warrants DOJ Inspector General Michael Horowitz notified FBI Director Christopher Wray on Monday that he “did not have confidence” that the agency was providing appropriate supporting documentation to back up assertions, after violations were found following a review of more than two dozens Foreign Intelligence Surveillance […]
COMEX Can’t Find Any 400 Oz Bars For Its New Gold Futures Contract Submitted by Ronan Manly, BullionStar.com”>BullionStar.com With continuing problems besieging the tag team COMEX – LBMA paper gold markets where the front month gold futures contract (now June) continues to trade above the London spot price of price, the contango that emerged a […]
Amazon “Retaliates” And Fires Worker Who Organized Strike Over Virus On Monday, dozens of Amazon workers at a New York fulfillment center walked out around lunchtime and conducted a strike to raise awareness of the company’s lack of safety protocols during the COVID-19 pandemic. Now it appears the leader of the strike was fired, reported Bloomberg. Chris Smalls, an […]
Pandemic Pandemonium: The Tides Of Globalization And Financialization Reverse Authored by Charles Hugh Smith via OfTwoMinds blog, Central bank free money doesn’t create collateral or creditworthy borrowers, and without those foundations, the decayed, rotted shack will collapse. In terms of consequential trends, the pandemic is not a cause, it’s an accelerant of shifts already under way before […]
Hospitals Firing Doctors Who Talk To The Press US Health care systems have warned emergency room doctors and nurses that if they speak out about working conditions inside a hospital, they will be fired, reported Bloomberg. Ming Lin, an emergency room physician in Washington state, lost his job last week after he spoke to a local […]
The Quarter-End Pension Rebalancing Is Over With stocks staging a remarkable bear market rally in the past week (even Goldman now says this is not the bottom and the impressive move of the past week is just another bear market rally), which reversed the fastest ever bear market, and pushed the S&P into a bull […]
Why The Fed’s Bazooka Will Not Stop A Wave Of Corporate Defaults Authored by Benn Steil and Benjamin Della Rocca via The Council on Foreign Relations, Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use “its full range of authorities to provide powerful support […]
CBS News Busted Using Overwhelmed Italian Hospital Video During Report About New York City It appears as thought the onset of a global pandemic and the ensuing carnage that it has wrought around the United States isn’t sensational enough for one newsmedia outlet, which was caught this week faking footage of a New York City emergency room […]
Welcome To The Post-Virus World: “A Return To ‘Normal’ Is Not An Option” Authored by Simon Johnson via Project Syndicate, We live now in the post-virus world. For the United States, passage into this world came suddenly, less than a month ago. The world as we knew it before the arrival of COVID-19 has gone. […]
“We’re Not Making Any April Payments” – Unprecedented Clash Erupts Between Tenants And Landlords Even before the coronavirus pandemic ground the US economy to a halt, the US brick and mortar retail sector was facing an apocalypse of epic proportions with dozens of retailers filing for bankruptcy in recent years as Amazon stole everyone’s market […]
CNN’s Chris Cuomo, NYC Mayor’s Brother, Diagnosed With Coronavirus CNN’s Brian Stelter reports that CNN anchor Chris Cuomo has been diagnosed with COVID-19, the network said in a memo to employees on Tuesday. Cuomo will reportedly continue to anchor his 9 p.m. program “Cuomo Prime Time” from his home. Cuomo said Tuesday that he is […]
Empire State Building Debuts Dystopian Red “Siren” Light Authored by Paul Joseph Watson via Summit News, The Empire State Building debuted what appeared to be a spinning red ‘siren’ light atop the iconic structure in what many observers saw as a dystopian sign of the times. Scientist Rita J. King explained that the light was […]
China Starts Publishing Data On “Asymptomatic” Cases As Fears Of ‘Second Wave’ Grow It’s the final day of Q1, and in China, health officials have decided to start publicly unveiling the number of allegedly ‘asymptomatic’ carriers as Beijing ramps up travel restrictions. Many of these asymptomatic carriers are foreigners who managed to get into the […]
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