As the first quarter is about to close, many Chinese factories are still operating below full capacity, have been gradually ramping up production over the last several weeks as government data suggests the country’s pandemic curve has flattened. But as Bloomberg notes, there is a serious problem developing, one where the virus crisis is locking… Read More
NEW YORK, March 28, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of World Wrestling Entertainment, Inc. (NYSE:WWE) between February 7, 2019 and February 5, 2020, inclusive (the “Class Period”), of the important May 5, 2020 lead plaintiff deadline in the securities class action. The… Read More
While coronavirus deaths have primarily been in those above 50-years-old, the disease has also been sending younger people to the ICU in larger than expected numbers – and in some cases, claiming younger victims. In France, doctors have reported that 50% of ICU patients are under 60-years-old, while in the Netherlands, half are under 50.… Read More
Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance. By Wisdom Seeker, a WOLF STREET Commenter with a physical sciences Ph.D., San Francisco Bay Area: This post takes a fresh look at key battlegrounds in the CoronaWar which we discussed last week. For local readers, I’ll take… Read More
ANKARA (Reuters) – Turkey halted inter-city trains and limited domestic flights on Saturday, as the main opposition called for a stay-at-home order after coronavirus cases surged to more than 7,000. FILE PHOTO: A woman wearing a protective face mask waits for a train as the spread of the coronavirus disease (COVID-19) continues, Istanbul, Turkey, March… Read More
[unable to retrieve full-text content]By: Joseph T. Salerno You know it was bound to happen. Mainstream media organizations are using the novel coronavirus epidemic to open a new front on the War on Cash by trying to instill a fear of cash into the American public. As Nick Hankoff trenchantly writes: Cash has been the target… Read More
Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page. …Today’s infographic is Part Two of the Silver Series (see Part One here), and it comes to us from Endeavour Silver, outlining some of the key supply and… Read More
Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page. Normal business and economic cycles are characterized by growth in the economy (termed expansions), followed by periodic declines (called recessions) and, if a recession lasts 2 or… Read More
There are only two ways to survive a decline in income and net worth: slash expenses or default on debt. In post-World War II America, the cultural zeitgeist viewed frugality as a choice: permanent economic growth and federal anti-poverty programs steadily reduced the number of people in deep economic hardship (i.e. forced frugality) and raised the living standards of those… Read More
Russia will close all border crossings on March 30, the government said on Saturday, tightening restrictions after the country reported its biggest one-day rise in new coronavirus cases. The authorities said they so far had recorded 1,264 confirmed cases, an increase of 228 in 24 hours, and ordered that all vehicle, rail and pedestrian checkpoints,… Read More
[CNBC] Coronavirus live updates: Some find lenders’ ‘relief’ misleading, farmers and police hit by virus [CNBC] Trump pushes back against congressional oversight for $500 billion bailout fund [Reuters] As virus threatens, U.S. embraces big government, for now [AP] Hawks no more: Fiscal conservatives embrace rescue package [Reuters] Fed action pushes top-rated U.S. corporate bond issuance to record [CNBC] The US economy… Read More
Bill Ackman bet on a winner amid the coronavirus (COVID-19) pandemic. On March 18, the founder of Pershing Square Capital said on CNBC that at the rate the coronavirus is spreading, the American economy will enter a “depression-era period” and as many as a million Americans could die. Ackman said the only solution was for President… Read More
The markets are an incredible aggregator of information. The corona crisis has denied grist to the mill. With so many unknowns, it is as if investors latched on to the US fiscal debate. A camel, it is said, is a horse made in committee, and so too with the laborious legislative process of the American… Read More
ANKARA (Reuters) – Turkey halted inter-city trains and limited domestic flights on Saturday, as the main opposition called for a stay-at-home order after coronavirus cases surged to more than 7,000. FILE PHOTO: A woman wearing a protective face mask waits for a train as the spread of the coronavirus disease (COVID-19) continues, Istanbul, Turkey, March… Read More
Submitted by Taps Coogan on the 28th of March 2020 to The Sounding Line. Enjoy The Sounding Line? Click here to subscribe. The following graphic, from Visual Capitalist, shows the global collapse in commuter traffic, based on data from Citymapper’s Mobility Index. The cities that have seen the larges declines in activity are: Vienna, Lisbon,… Read More
Russia’s officially reported numbers — which are still smaller than those in European countries — have sparked suspicion as they spiked in the past week. Experts warn that Russia’s testing capacity is hampered by bureaucracy, while officials warn that the real number of cases is likely much higher. Most of the cases are in Moscow.… Read More
Being an analyst of Credit and Bubbles over the past few decades has come with its share of challenges. Greater challenges await. I expect to dedicate the rest of my life to defending Capitalism. One of the great tragedies from the failure of this multi-decade monetary experiment will be the loss of faith in free… Read More
Authored by John Whitehead via The Rutherford Institute, “That was when they suspended the Constitution. They said it would be temporary. There wasn’t even any rioting in the streets. People stayed home at night, watching television, looking for some direction. There wasn’t even an enemy you could put your finger on.”― Margaret Atwood, The Handmaid’s Tale… Read More
NEW ORLEANS, March 27, 2020 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits: Sasol Limited (SSL)Class Period: 3/10/2015 – 1/13/2020Lead Plaintiff Motion Deadline: April 6, 2020SECURITIES FRAUDTo learn more, visit https://www.claimsfiler.com/cases/view-sasol-limited-american-depositary-shares-securities-litigation XP Inc. (XP)Class Period: shares issued in connection with its… Read More
(Reuters) – OneWeb, the satellite operator backed by Japan’s SoftBank Group Corp (9984.T), said it has filed for Chapter 11 bankruptcy to pursue a sale of its business and has cut its workforce amid the coronavirus outbreak. OneWeb is in negotiations for debtor-in-possession financing, which if acquired and approved by the court will support its… Read More