MSM Peddling Fake News About Trump Calling Virus A 'Hoax'

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The MSM (and its many tentacles) has been lying about President Trump calling the new coronavirus a hoax – when it’s obvious from his comments that he was referring to media criticism of his administration’s response to the disease. “They tried to beat you on Russia, Russia, Russia,” Trump told a Charleston, SC crowd as… Read More

Stocks And Gold: What Happened Last Week

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The coronavirus crisis is perhaps the real “Black Swan” that no one saw coming.  While the virus pulled the trigger on the loaded weapon aimed at the stock market, it’s not the cause of the fastest 10% decline in the history of stock market.  Using “as adjusted” GAAP accounting applied to the current trailing 12-month… Read More

Muddy Waters’ Short-Target NMC Health, a FTSE 100 Company, Admits Doctoring Accounts on Massive Scale. Shares Suspended

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UK NMC Health 2020 02 28a

“Even more damning than our initial report”: Carson Block of Muddy Waters. By Nick Corbishley, for WOLF STREET: The shares of NMC Health, a component of the London Stock Exchange’s FTSE-100 Index, were suspended on Thursday after an internal review revealed a morass of fraudulent accounting and fiduciary shenanigans. The CEO of NMC Health — which has… Read More

Three Die at Moscow Party After Dry Ice Thrown Into Pool

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banya

Three people have died at a Moscow birthday party after around 30 kilograms of dry ice meant to create special effects was tipped into a pool, investigators and reports said Saturday. The party at the Moscow pool complex late Friday was to mark the birthday of Ekaterina Didenko, a popular Instagram influencer focusing on pharmaceutical… Read More

Weekly Commentary: Hair of the Dog

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“U.S. Stocks Tumble 11% in Worst Week Since Crisis,” read the Friday evening Bloomberg headline. A Wall Street Journal caption asked the apt question: “U.S. Stocks Were at Records Last Week. What Happened?” A Friday Bloomberg article (Lu Wang) is a reasonable place to start: “It’s a stat so shocking that it’s difficult to believe:… Read More

Escobar: The Afghanistan "Peace Deal" Riddle

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Authored by Pepe Escobar via The Asia Times, Nearly two decades after the invasion and occupation of Afghanistan post-9/11, and after an interminable war costing over $ 2 trillion, there’s hardly anything “historic” about a possible peace deal that may be signed in Doha this coming Saturday between Washington and the Taliban. We should start… Read More

"Trump Faces An Impossible Trade-Off": Why A Global Recession Is Now Inevitable

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With California reporting late on Friday that a second coronavirus case of “unknown origin” has been uncovered, prompting Santa Claria’s Health Department to caution that “now is the time to prepare for the possibility of widespread community transmission” echoing similar warnings from the CDC, the Trump administration’s response to what now appears an inevitable surge… Read More

Has the Coronavirus Hit US Consumer Spending Yet?

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In January, consumers carried on in hunky-dory land. By Wolf Richter for WOLF STREET. Consumer spending accounts for roughly 70% of the economy as measured by GDP. When and how will the reaction by consumers to the coronavirus – dollars spent and not spent – become visible in the overall economic data? That’s the question we’ll try to… Read More

Thursday Panic Breeds Great Opportunity For The Patient

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fastestcorrection

Correction Becomes True Panic There are quite a few amazing stats on this recent selloff. However, recognize that by the time the impact of the coronavirus is shown in economic data, stocks will likely be done selling off. Traders are always on the leading edge of the facts even though it seems like emotional panic… Read More

A cash flow problem? Credit game over!

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We have been telling you it is all about credit for years … you will soon see the real world reasons why. It is clear the real global economy was already seriously slowing down in Q4 prior to the coronavirus outbreak. Now, China who has been the supplier to the world and the great hope… Read More

Church In Swedish "No-Go Zone" Set On Fire

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Authored by Paul Joseph Watson via Summit News, A church in a Swedish ‘no-go zone’ with a large migrant population was set on fire, with some claiming that the blaze was started by Islamists. Gottsunda Church, which is located in an area where half of the inhabitants are migrants, is under the branch of the… Read More

Live Updated Coronavirus Map

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Submitted by Taps Coogan on the 28th of February 2020 to The Sounding Line. Enjoy The Sounding Line? Click here to subscribe. For those interested in getting up to the minute view of the number of Coronavirus cases, deaths, and recoveries in every country around the world, we recently came across the following video-map from… Read More

The Virus Crisis Is Underestimated

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The Virus Crisis Is Underestimated Marc G. Wathelet, a duel American/Belgian citizen  spent 25 years as a scientist in the US, including a dozen years leading a group studying human coronaviruses including the one responsible for the SARS outbreak in 2003. He is very concerned that public authorities have not grasped the extent of the… Read More