The Grasshoppers Are Swarming Mad That You Are Prepared For The Crash Authored by Brandon Smith via Alt-Market.com, Most people are familiar with the tale of the Ant And The Grasshopper, an ancient fable about a grasshopper who spends the fruitful months of spring and summer in idle recreation, dancing and playing carelessly while the […]
Food-Security Fears Spark Panic-Hoarding, Could Drive Inflation Sky-High A senior economist from the United Nation’s (UN) Food and Agriculture Organization (FAO) told Reuters that food inflation could be imminent as people and governments panic hoard food and supplies amid the COVID-19 pandemic. “All you need is panic buying from big importers such as millers or governments to create […]
12 Experts Question The COVID-19 Panic Via Off-Guardian.org, Below is our list of twelve medical experts whose opinions on the Coronavirus outbreak contradict the official narratives of the MSM, and the memes so prevalent on social media. * * * Dr Sucharit Bhakdi is a specialist in microbiology. He was a professor at the Johannes Gutenberg […]
NYC Cuts Subway Service By A Quarter After Ridership Plummets 87% In an extremely rare move considering it’s managed to stay operational in its over century of existence, the Metropolitan Transportation Authority (MTA) will begin to cut services starting Wednesday after the coronavirus pandemic has seen ridership plummet 87% compared to the same day last […]
Rickards: It’ll Get Worse Before It Gets Better Authored by James Rickards via The Daily Reckoning, We’re well into the coronavirus pandemic at this point. As of this writing, there are 360,765 reported infections and 15,491 deaths worldwide. Over the next few days, you may be certain that those numbers will be significantly higher. That’s […]
“Overnight, The World Became The Twilight Zone” – Exodus From Cities Sparks Mountain-Dweller Greatest Fear Social distancing is transforming society as we know it. City dwellers are packing up their bags and are heading for the mountains amid the virus crisis. “Overnight, the world took a sharp turn into the Twilight Zone,” Gina Grande told the […]
Peter Schiff: Hyperinflation Is Now The Most Probable Scenario Via SchiffGold.com, March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers. Peter […]
Private Equity Asset Values May Be Haircut By 50% In The Next 3 Months For the longest time, private equity firms seemed like the perfect investment in this market climate: unlike public equity, PE valuations would seemingly increase year after year, and without drawdowns and with no volatility, PE provided an island of stability in […]
Cape Cod, Hamptons Overwhelmed By Rich Americans Fleeing To Their Summer Homes Once the reality of the coronavirus outbreak finally started to sink in across the US, hundreds of thousands of wealthy Americans with the means to do so decided to get the hell out of Dodge, and bolted to their “summer homes” in less […]
Missing Ex-FBI Agent Robert Levinson Declared Dead By Family The family of Robert Levinson, a former FBI agent-turned-private-contractor who disappeared in Iran more than a decade ago while purportedly on a mission for the CIA, announced Wednesday that they believe he is dead. Levinson In a statement given to CNN, Levinson’s family said it received information […]
All T-Bills Up To 3 Months Now Have Negative Yields There was something strange about today’s continuation rally in stocks: while risk assets soared, the VIX barely moved. In fact the Vix is now roughly where it was on Monday, largely ignoring the move in stocks. But there was another more sinister move in today’s […]
Novogratz Is Buying Bitcoin Again, Despite A More Than 20% Plunge In March Mike Novogratz, famous for appearing on CNBC about one week before the market crashed as a result of coronavirus and saying he was “extremely bullish”, is now turning his bullish lens to another asset: bitcoin. image courtesy of CoinTelegraph Novogratz says he […]
As Bodies Pile Up, States Ask Emergency FEMA Help To Handle The Dead The expected ‘Italy levels’ of strain and collapse to the system has now begun in the United States, it appears, as on Wednesday New York, Hawaii and North Carolina have issued an urgent request to FEMA for emergency mortuary assistance as deaths mount […]
New Jersey “Knucklehead” Faces Terror Charges For Coughing On Grocery Store Clerk A New Jersey man was arrested earlier this week after allegedly coughing on a supermarket employee and telling her he was a COVID-19 carrier. New Jersey Gov. Phil Murphy said Tuesday at an afternoon press conference that the man got into an altercation with […]
10 Amazon Warehouses Hit With COVID-19 After Workers Test Positive As America shelters in place to isolate from COVID-19, people have been avoiding potential exposure by ordering necessary items from Amazon. Anyone who has been disinfecting Amazon deliveries is ahead of the curve, as workers across 10 Amazon warehouses have tested positive for the disease, […]
Mario Draghi Urges “War-like” Flood Of Debt As ECB Considers Launching Helicopter Money In retrospect, Mario Draghi will be remembered as the central banker who was always willing to go the extra mile to backstop the historic asset bubble that the ECB inflated since he replaced Jean-Claude Trichet in 2011, making the European Central Bank […]
S&P Downgrades Ford To Junk – Biggest Fallen Angel Yet Given where Ford’s CDS was trading – more in line with B1/BB- rated American Axle – it should hardly come as a surprise that S&P has finally bitten the bullet and downgraded Ford debt to junk. Via S&P, The decision to downgrade Ford Motor Co. […]
The Pandemic In My Neighborhood: Michael Lewis Laments The End Of Human Interaction Authored by Michael Lewis, op-ed via Bloomberg.com, We have so little data for how we’re supposed to live in this social-distancing world… At the same time much of Northern California was ordered to shelter in place, it was granted lots of exceptions to the order. […]
2.5 Million Initial Jobless Claims Tomorrow? Last week’s initial claims print, which surged to 281K from a recent baseline of about 220K, while bad was nowhere near the apocalyptic prints some strategists had predicted in light of the massive closures of restaurants, retailers, lodgings, and virtually all other service establishments which have shuttered for the […]
“It’s Safe!” – FDIC Urges Americans To Keep Their Money In The Banks Authored by Simon Black via SovereignMan.com, Yesterday the Chair of the FDIC released an astonishing video asking Americans to keep their money in the bank. Accompanied by soft piano music playing in the background, the official said: “Your money is safe at […]
Unprecedented Collapse: US Airline Traffic Currently Just 10% Of Normal Previously we reported that the US restaurant and retail industries have all but shut down. We can now add airlines. According to this stunning chart from Deutsche Bank’s Torsten Slok, US airline passenger traffic is currently just 10% of normal. As Slok explains, “on a […]
Stocks Scream Higher On Greatest Short-Squeeze In History, Bonds & Bullion Shrug “Fear” is almost over according to the market’s “Virus Fear” trade… Source: Bloomberg The Dow is up by almost 18% in the last 2 days – the biggest 2-day surge since March 1933… Source: Bloomberg And Dow futures are up a stunning 20% […]
Apple Tumbles After Report Says 5G iPhone Could Be Delayed To 2021 A new report from Nikkei Asian Review states that Apple could delay the launch of its 5G iPhone over supply chain disruptions in China and new fears of demand issues as the global economy crashes. Sources told Nikkei that Apple has “held internal discussions on […]
China Lifts Lockdown On Hubei Province Despite COVID-19 Resurgence People flooded onto trains and buses in Hubei province on Wednesday after China lifted a two-month lockdown on the epicenter of the coronavirus outbreak, which began in the eastern city of Wuhan (roughly 900 feet from a laboratory where they were experimenting on bat coronavirus that’s […]
Cuomo: Stimulus Deal “Terrible” – Would Leave NY With “Drop In The Bucket” New York Governor Andrew Cuomo (D) criticized the impending COVID-19 stimulus deal as “terrible,” and would allocate a “drop in the bucket” to the worst-hit state in the nation, according to The Hill. “The Senate is considering a $2 trillion bill, which […]
- Aug 9th 2025 5:17pm EDT