(Reuters) – Washington state health officials reported the first patient death from coronavirus in the United States on Saturday, according to a news release, as federal and local health officials scramble to contain the rapidly spreading disease. Health officials in King County, Washington said they would provide an update on the patient who died at… Read More
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
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
In what has become an annual Russian tradition, thousands rallied across the country on Saturday to march for Boris Nemtsov, a key opposition figure shot and killed five years ago this month on a Moscow bridge just steps from the Kremlin. While the killer has been found guilty and sentenced to prison, Nemtsov’s family and… Read More
“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 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
“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
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
It just can’t get bad enough, and I can ‘t write fast enough. The headlines at the end of the week are now stunning, so I’m going to share several of them along with some quotations from the bawling and dying bulls. In just one week, this has become the fastest stock market plunge since… Read More
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
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
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
Automatically receive the internet’s most informative articles bi-weekly via munKNEE.com’s free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page. Fear is running rampant with the spread of the coronavirus making this an ideal time to buy the fear, not a time to sell. As you can see… Read More
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
The S&P 500 has been chugging along for a decade, up nearly 420% since the 2009 financial crisis lows. You can argue the reasons why – buying fueled by debt, share buybacks and low interest rates among them. Either way, it’s hard to argue against buying the index being the best risk adjusted trade for… Read More
Higher rand prices for its basket of PGMs and rising volumes from its growth projects helped Northam Platinum to generate R695.8 million of free cash in the six months to December. Normalised headline earnings more than trebled to R1.88 billion from R533 million in the same period in 2018. Strong gains in palladium and rhodium… Read More
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
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
Stock prices are falling faster and harder than they ever have before. If the financial markets are in this much chaos even though not a single American has died from the coronavirus yet, what are things going to look like if this outbreak starts sweeping across America like wildfire? The number of confirmed cases continues… Read More
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