'Tanker Tantrum' – How Crude's Record Contango Has Created "Greatest Trade In Decades"

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. […]

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Wallmine Review: The Best Free Investment Toolkit

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 visited our site before, then you would likely have seen […]

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"The Plannedemic"?

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 […]

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Bill Ackman Bet On Market Plummet, Turned $27M Into $2.6B

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 Donald Trump to shut down the country for 30 days. […]

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Prof Who Predicted 500K UK Deaths Now Says Under 20K Will Die, Peak In Two Weeks

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 […]

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Pandemonium In The Pacific: US Carrier Diverts To Guam As COVID-19 Cases Spike Among Crew

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. […]

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US Fed Balance sheet total assets 2020 03 26

Helicopter Money for Wall Street

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 of the mortgage-backed securities (MBS) the Fed bought over the […]

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US unemployment claims 2020 03 26

A Word About the Horrid Spike in Unemployment Claims and Why it’s Even More Horrid Than it Appears

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 Gavin Newsom said that California by itself had “just passed […]

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80% of Russia’s Coronavirus Aid to Italy ‘Useless’ – La Stampa

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 domestic violence and LGBT issues to the climate crisis and […]

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As "Big Short 2" Explodes, Citi, Deutsche Bank Stuck With Billions In Unsellable CMBS Debt

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 […]

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An Emergency Briefing from Marin Katusa

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 basis to this market meltdown, only the 1929 crash compares. […]

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Fish Are Visible In Venice Canals As Water Becomes Clearer Following Italy's Lockdown

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 […]

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UK Covid-19 Could Last Until Spring 2021 With Millions Hospitalized

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 […]

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Russian Police Officer Fired Over Morgue Selfies

A criminal investigator in Moscow has lost his job after he took a selfie with dead bodies in a morgue, the city’s police force said in a statement Friday. The Moscow Interior Ministry said it discovered the photo of Vyacheslav Gorneyev, the head of the Shchukino district’s criminal investigation department, and his junior colleague Tatyana Purysheva, with dead bodies in the background during routine checks. […]

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Unprecedented Pessimism: Recession Being Priced In

Quickest Bear Market Decline Ever In the past few weeks many have been discussing how this bear market due to COVID-19 isn’t as bad as the 2008 financial crisis. The situation is inching closer to the financial crisis and further away from the mini bear market of 2018.  VIX closed above 40 for the 4th straight day. That hadn’t happened since March to April 2009. Wednesday […]

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"Bracing For Impact" – China Shock To Strike Germany's Largest Port In Days, As Trade Volumes Collapse 40%

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 […]

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Milkshakes, Sugar Highs, and Gold: A Response to Brent Johnson’s Milkshake Theory

On March 3, 2020, I found myself engaged in a twitter thread with Brent Johnson[1] of Santiago Capital after I had inquired into the merits of a particular investment theory which he has been promulgating over the past two years. Johnson calls his theory “The Milkshake”, and it has caused quite the swirl in contrarian economic circles. Prior to our twitter exchange, I had heard […]

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Silver Eagle Sales FEB vs MAR 11 2020

SALES EXPLODE: U.S. Mint Sells Another Million Silver Eagles Past Two Days

Total5 2 3 With the spread of the Global Contagion, the demand for physical precious metals has increased significantly.  According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days.  This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous month. On my last update, the U.S. Mint sold a […]

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