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
March 30, 2020 by Michael Maharrey 0 0 Last week, Congress passed a $2 trillion stimulus bill in an effort to offset the economic impacts of the coronavirus. Most people have focused on the $1,200 checks to Americans and bailouts for industries hard-hit by the economic shutdown. But the 883-page bill does a lot more than that, including… 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
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
Just astounding. So many downgrades in just of a couple of days. And zero upgrades. Here’s who got hit. By Wolf Richter for WOLF STREET: I get “Moody’s Daily Alert” in my inbox, which lists Moody’s ratings actions for the day. The Alerts are usually a mix of a few upgrades and a few downgrades. Many times, there… 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
March 24, 2020 by SchiffGold 0 0 March 23 was Peter Schiff’s birthday. It was also the day the Federal Reserve announced QE Infinity. So, Peter spent over three hours hosting a live videocast talking about the latest Fed moves, the potential impact on the economy and answering questions from viewers. Peter said he was hoping to combat… Read More
SOUTH African mining firms began to count the cost of the three week shut down ordered by President Cyril Ramaphosa last night – effective from midnight March 26. Harmony Gold warned shareholders that putting its gold mines on care and maintenance for the period was almost certain to imperil its full-year production target. Whilst acknowledging… 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