Wealthy Investors Aren’t Chasing The Rip, They’re Waiting To Buy The Dip Jeff Gundlach and Kyle Bass are not the only ones who think the market’s April rally has gone to extremes. A new poll via UBS Global Wealth Management shows increasing concern among the world’s wealthiest investors that a pullback in the stock market is needed before they […]
Are You Ready For The Great Depression Of The 2020s? Authored by Michael Snyder via The Economic Collapse blog, For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed. It took years for the U.S. economy to fully unravel in the 1930s, but […]
Tesla Stock Soars Despite COVID-19: Retail Ignoring Reality Or “Larger Forces” At Play? Are Tesla retail investors simply unfazed by the coronavirus panic? Perhaps a better question to ask would be: what continues to cause Tesla’s stock price to soar over the last couple of weeks while the company has been completely idled, argued with […]
Price-Gougers Caught Hoarding One Million Face Masks In New York: DoJ Authored by Isabel van Brugen via The Epoch Times, Two men have been arrested for allegedly attempting to sell 1 million KN95 face masks in New York City at double or triple the original price, violating the Defense Production Act, the Department of Justice said on April 28. […]
“Crisis In Processing” – Pandemic Exposes Fragility Of Food Supply Chain Today’s food supply chain crisis began in the meat industry has been developing for decades, and Tyson Foods has helped to create the disaster that is currently unfolding. The problem is consolidation, and with Tyson, JBS SA and Cargill Inc, three mega-corporations that control […]
“Don’t Trace Me, Bro” – Just Say No To Contact Tracing Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, Contact Tracing? Really? That’s the next big government program to push for total surveillance over our lives. Now the real fallout from the Coronapocalypse comes to light. The very people who created a fake […]
FOMC Preview: A Confidence Game Where The Difficult Questions Will Be Avoided Two days ago, the WSJ’s Fed watchers Jon Hilsenrath and Nick Timiraraos started off their expose on how the “Fed Is Changing What It Means to Be a Central Bank” in which the only thing that really mattered was the first paragraph: The […]
Pompeo: China Using ‘Classic Communist Disinformation’ To ‘Hide And Obfuscate’ Virus Origin Secretary of State Mike Pompeo blasted China on Wednesday, telling Fox News that the their ongoing efforts to hide information about the origin of the coronavirus poses a threat to the world. “The Chinese Communist Party now has a responsibility to tell the […]
Hertz Bankruptcy Imminent After Massive Layoffs, Missed Lease Payment Is an over-levered car-rental business “essential”? You can bet your devalued dollar that is the pressure from lobbyists on Capitol Hill right now as The Wall Street Journal reports that Hertz is preparing for a possible bankruptcy filing after the rental-car company failed to make lease […]
No Junk Debt Is Too Risky: Thank You Fed Authored by Mike Shedlock via MishTalk, The Fed hasn’t even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew. Please consider How Fed’s Bailout Changed Everything. This was no secret on Wall Street. Surgery Partners’s majority owner, the buyout firm […]
A Quarter Of All S&P 500 Companies Have Pulled Outlooks So Far With the economy – and the future of corporate profits – now one giant question mark, more and more U.S. companies are pulling financial guidance as the spread of the coronavirus and subsequent rolling breakdown of economies around the world render previously issued […]
America’s Super-Rich See Their Wealth Rise $282 Billion In Three Weeks Of Pandemic Authored by Alan Macleod via MintPressNews.com, A new report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in […]
The World’s Oldest Gold Trader Is Closing It all started in late 2017, when that October we reported that JPM was quietly trying to sell the world’s oldest gold trader after a massive money laundering scandal () terminally crippled the reputation of one of the most iconic names in the business. Canada’s Bank of Nova […]
WTI Holds Impressive Gains After Smaller-Than-Expected Crude Build, Production Plunge Oil prices extended their hope-filled gains on the heels of a smaller than expected crude build reported by API last night and ongoings headlines dropped with interesting timing about further output cuts to counter the unprecedented global glut. “You have a correlation to equities, which […]
Pending Home Sales Plummet By Record In March, Lowest Level Since 2011 After new home sales suffered their biggest March drop ever, pending home sales were expected to decline by a record amount MoM (-13.7%) in March. However, pending home sales was far worse than expected – plummeting 20.8% MoM and 14.5% YoY Source: Bloomberg […]
Goldman Answers Key Questions On COVID Testing, Treatments, & Vaccines Hot on the heels of positive-sounding news on Gilead’s anti-viral therapy drug Remdesivir, Salveen Richter, GS lead analyst for the US Biotechnology sector, answers key questions on where we are on US testing, treatments and vaccines for COVID-19. Q: What are the different ways that […]
“Holy God. We’re About To Lose Everything” – Pandemic Crushes Overleveraged Airbnb Superhosts “History doesn’t repeat itself, but it often rhymes,” as Mark Twain is often reputed to have said. Before the 2007-2008 GFC, people built real estate portfolios based around renters. We all know what happened there; once consumers got pinched in the GFC, rent […]
The Fed Should Take A Deep Breath & Prepare For A Price Hiccup, “Its Credibility Is At Stake Today” Authored by Richard Breslow via Bloomberg, And Now We Wait For The Big Show To Begin… I realize that Japan was off on holiday today. But when the first thing you read after sitting down is […]
Recession Begins: Q1 GDP Plunges 4.8%, Biggest Drop Since The Financial Crisis With news that the Gilead Remdesivir trial had reportedly met its primary endpoint hitting “coincidentally” just seconds before the Q1 GDP print, and with newswires initially reporting the GDP erroneously as a positive 4.8% print, it was clear that the real number would […]
Futures Surge On Gilead Headlines About Remdesivir Gilead Shares are halted on Wednesday morning as the release positive-sounding headlines about its potential coronavirus drug remdesivir. Gilead Sciences. Inc. (Nasdaq: GILD) is aware of positive data emerging from the National Institute of Allergy and Infectious Diseases’ (NIAID) study of the investigational antiviral remdesivir for the treatment […]
Boeing Burns Through A Record $4.7BN In Cash As Revenue Crashes 26%, Will Fire 10% Of Workers The hits just keep on coming for Boeing which last quarter was slammed with the continued grounding of the 737 MAX and now had to contend with the collapse in airline travel due to the coronavirus. As a […]
US Government Report Concludes Wuhan Lab ‘Most Likely Source’ Of COVID-19 Outbreak A US government analysis leaked to the Washington Times concludes that the Wuhan Institute of Virology or the Chinese CDC is the “most likely” source of the COVID-19 pandemic which has killed over 200,000 people worldwide in roughly four months. The document, compiled […]
Consequences Imminent: The Dam Threatens To Burst Authored by Bill Blain via MorningPorridge.com, “If this turns out to be another false alarm, I’ll be the biggest fool west of the Mississippi!” I am beginning to suspect this market might be following the script from some long forgotten 1970’s Disaster Movie. We’ve just had first quake, […]
China Reopens Beijing, Plans Annual Party Congress For May 21: Live Updates With Georgia, Tennessee and now Texas – the biggest and most economically vital state so far – starting to lift coronavirus restrictions, initial data suggest that the American consumer is throwing caution to the wind and venturing back out to retail ‘hotspots’ and […]
Hope Trade Rolls On, With Asia Set To Enter Bull Market Submitted by Eleanor Creagh of Saxo Bank Summary: A weaker dollar and rising Nasdaq futures on Alphabet’s Q1 update lifting the mood in Asia trade. The MSCI Asia Pacific index set to enter bull market territory after rebounding 20% from March lows. KOSPI 0.86%, Hang Seng 0.73%, ASX200 […]
- Aug 9th 2025 5:17pm EDT