Authored by Harris Kupperman, CIO and president of Praetorian Capital, via AdventuresInCapitalism.com, Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the cartel formerly known as OPEC+ in order to dump oil and crush US shale, but it has progressed… Read More
Did You Say Free? Every great investor searches for new and effective investment opportunities to fulfill their needs. One of the best ways to do so is by utilizing an efficient and essential toolkit. It should be one that offers modern stock screeners, market information, insider trading data, and a lot more. If you have… Read More
If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history. Of course what we have already witnessed is difficult to believe. Last week more than 3.2 million Americans filed initial claims for unemployment benefits, and that was… Read More
It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could… Read More
Authored by Ben Garrison A PLAN YOU CAN’T TRUST! For the past decade, Bill gates has been warning us about an inevitable pandemic. Conditioning us. Getting us used to the idea. Last year, he even held a summit on the matter and ran computer simulations to predict outcomes. Why did a former computer nerd and… 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
Imperial College London’s Neil Ferguson – who originally estimated 500,000 deaths in the UK due to Coronavirus, now says that the virus will peak in just two or three weeks, and that UK deaths from the disease are now unlikely to exceed 20,000, according to NewScientist. The need for intensive care beds will get very… Read More
An absolute disaster is fast unfolding aboard the aircraft carrier USS Theodore Roosevelt in the Western Pacific causing emergency contingency plans to be put in place. By Wednesday eight sailors aboard the carrier tested positive for COVID-19, but clearly the outbreak aboard the ship is nowhere near being contained as on Thursday the US Navy said that… Read More
Fed’s assets spike to high heaven to bail out the imploded Everything Bubble it had worked so hard to inflate over the past decade. By Wolf Richter for WOLF STREET: Total assets on the Fed’s weekly balance sheet, released this afternoon, spiked by $586 billion in one week, to $5.25 trillion. This doesn’t even include yet the bulk… Read More
No one has ever seen anything like this. By Wolf Richter for WOLF STREET: This morning, the US Dept. of Labor announced that 3.283 million people had filed initial unemployment claims in the week ended March 21. We were warned yesterday that today’s initial claims would be horrid. In his press conference yesterday concerning the coronavirus, California Governor… Read More
Submitted by Taps Coogan on the 26th of March 2020 to The Sounding Line. Enjoy The Sounding Line? Click here to subscribe. For now, the Federal Reserve does not have the legal authority to purchase corporate bonds on its own balance sheet. While that is likely to change whenever Congress passes the pending $2 trillion… Read More
As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from… Read More
Earlier today we reported that amid a growing investor panic that the Wu Flu will be the final nail in the malls’ coffin, resulting in countless retail outlet closures and a collapse in rental payments crushing the commercial real estate space, the “Big Short 2.0” trade, shorting the CMBX 6 series which has an outlier… Read More
SOUTH Africa’s mining sector will go into a three week hibernation from March 26 in terms of President Cyril Ramaphosa’s dramatic lock-down announcement this evening. Addressing the nation on the day that infections of the COVID-19 virus in South Africa increased to 402 – an increase of 128 in only 24 hours – Ramaphosa said… Read More
Dear Reader, What we’re seeing today is absolute carnage. Never have the markets had such a shock where economies, supply chains and health have all stretched to critical mass. What were extreme market conditions one day became instant entries in record books. Every new day seems to bring increased panic and downside. On a comparative… Read More
Authored by Paul Joseph Watson via Summit News, An Italian virologist says that the country’s attempt not to appear “racist” in the early says of the coronavirus outbreak crippled the ability to properly respond to the pandemic. Professor of Virology and Microbiology at the University of Padova Dr. Giorgio Palù told CNN that measures imposing… Read More
Authored by Elias Marat via TheMindUnleashed.com, The continued outbreak of the coronavirus has been an enormously disruptive and tragic event, with massive humanitarian and economic repercussions for the entire world. However, there have also been some surprising and not entirely unwelcome side effects. Case in point: the canals of Venice, Italy, which are normally teeming… Read More
As the carnage continues with stocks now ignoring anything the Fed throws at them — and the Fed has pretty well thrown everything it has used in the past and is now moving into bailout mode — where is the US stock market crash likely to to stop falling? So far, it’s been limit-down all… Read More
As the new coronavirus that has killed more than 8,400 people continues to spread around the world, Russia has stepped up its measures to tackle the pandemic and prevent its spread within the country. There have been 147 cases of coronavirus infections reported in Russia so far and zero deaths. The number of reported cases as of… Read More
A public health document viewed by The Guardian says the Covid-19 outbreak could last until spring 2021 and lead to millions hospitalized. The secret document was written by the Public Health England (PHE) reveals the virus crisis could be sticking around for another 12 months and infect upwards as 80% of Britons over time. The… Read More