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 far beyond that as various US cities went into lock-down. […]

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 mogul become so interested in vaccination and disease? Possibly because […]

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 close to capacity in some areas, but won’t be breached […]

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 number has jumped to 23 sailors confirmed for the virus. […]

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 exposure to malls, finally crashed vindicating long-term bears such as […]

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 with tourists all year round, with many flocking to the […]

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 document says that: “As many as 80% of the population […]

Just hours after S&P took the machete to Exxon’s long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock price has crashed from $350 to $130 in a little over a month after it announced it was fully drawing down its revolver: Boeing. S&P cut Boeing’s credit rating by […]

The worst-case coronavirus scenario is now being realized for German ports, as collapsing trade volumes from China could push Europe’s largest economy into recession.  For the last three weeks, global markets have been obsessed with economic paralysis that is quickly spreading across Asia, Europe, and the Americas. An economic shock combined with a virus outbreak is what triggered a macro matters moment for investors, who […]