investmentwatchblog--2020-12-31--President Trump will go nuclear, if necessary; will do what-ever is necessary required by the consti

President Trump will go nuclear, if necessary; will do what-ever is necessary required by the constitution/people.

PT and We the People have mountains/mountains of evidence that proves way beyond any reasonable doubt of foreign/domestic criminal acts , and treasonous acts , to implement intentional voter fraud to directly destroy the U.S. constitution , reverse the will of the America people and to change the U.S into a 3rd world country .
Constitution has/sees mountains of evidence that will destroy the constitution .
Small group of globalist/elitist used the elimination of justice that enforces the rule of law and protect the constitution/people to ensure the U.S. will be a slave nation to globalist .
Small group of @ @ @ @ @ @ @ and misinformed 30 % of the people that globalism will make their lives better without a U.S. constitution .
The 30 % just don ’ t realize they have been tricked into slavery and will be living in a 3rd world country ; most will be living in a country worse than the 3rd world country they or their parents ran away from .
Congress/Senate/Courts and the Supreme Court have betrayed the constitution/people for their own self-interest of power and much more .
Congress/Senate is trying to take away PT powers to go @ @ @ @ @ @ @ the U.S. constitution/people ( PT sworn duty ) .
Abraham Lincoln exercised powers not constitutional granted to a president .
Why ?
The constitution required Lincoln to do what-ever is necessary to save the constitution and this nation at any risk/cost .
PT will exercise his powers beyond what the constitution grants PT , if necessary .
Why ?
The constitution requires PT to do what-ever is necessary to save the constitution and this nation at any risk/cost .
If Lincoln did and if PT does anything less than doing what-ever is necessary @ @ @ @ @ @ @ , it would be a dereliction of duty to the highest degree .
Congress/Senate can ’ t use its power to protect itself from their dereliction of duty to protect the constitution and comply with the will of the majority of the American people , and for partnering with foreign enemies ; these are criminal acts .
Just like DOJ/FBI giving out alleged immunity deals for Hillary email investigation for no consideration and being part of a coup conspiracy , are criminal acts and can be reversed ; criminals can ’ t give @ @ @ @ @ @ @ justice , rule of law and the constitution has not been complied to or completely eliminated for the past 4-years ; PT can do what-ever is necessary to fight for the constitution and the will of the American people .
This is what great president do , in fact , this is what any president would do when the truth/facts are 100 % on their side and the survival of this constitutional republic is at risk .
And PT , if necessary , must go beyond the powers granted by the constitution , @ @ @ @ @ @ @ to protect the constitution .
PT will do whatever is necessary as would Lincoln to save this nation , or what Washington did to create this nation .
Great presidents/leaders , when the on-gong concern of the constitution and this nation is at risk ; they will ignore the rules for the greater good .
This is what great president/leaders are required to do .
PT is holding unbeatable prosecutorial foreign/domestic voter fraud cases and 4 years of coup/treasonous cases in which 90 % of these criminals will plea eventually .
When PT @ @ @ @ @ @ @ implements equal justice by enforcing/saving the rule of law that protects the constitution/people ; than PT will be a great president like Washington/Lincoln .
PT will Win this election and implement equal justice ; one of the most important presidential acts in U.S. history .

by Amy
PT and We the People have mountains/mountains of evidence that proves way beyond any reasonable doubt of foreign/domestic criminal acts, and treasonous acts, to implement intentional voter fraud to directly destroy the U.S. constitution, reverse the will of the America people and to change the U.S into a 3rd world country.
Constitution has/sees mountains of evidence that will destroy the constitution.
Small group of globalist/elitist used the elimination of justice that enforces the rule of law and protect the constitution/people to ensure the U.S. will be a slave nation to globalist.
Small group of globalist/elitist also used the media to brain-wash and misinformed 30% of the people that globalism will make their lives better without a U.S. constitution. The 30% just don’t realize they have been tricked into slavery and will be living in a 3rd world country; most will be living in a country worse than the 3rd world country they or their parents ran away from.
Congress/Senate/Courts and the Supreme Court have betrayed the constitution/people for their own self-interest of power and much more.
Congress/Senate is trying to take away PT powers to go Nuclear, if necessary, in protecting the U.S. constitution/people (PT sworn duty).
Abraham Lincoln exercised powers not constitutional granted to a president. Why? The constitution required Lincoln to do what-ever is necessary to save the constitution and this nation at any risk/cost.
PT will exercise his powers beyond what the constitution grants PT, if necessary. Why? The constitution requires PT to do what-ever is necessary to save the constitution and this nation at any risk/cost.
If Lincoln did and if PT does anything less than doing what-ever is necessary to protect the constitution and this nation, it would be a dereliction of duty to the highest degree.
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Congress/Senate can’t use its power to protect itself from their dereliction of duty to protect the constitution and comply with the will of the majority of the American people, and for partnering with foreign enemies; these are criminal acts.
Just like DOJ/FBI giving out alleged immunity deals for Hillary email investigation for no consideration and being part of a coup conspiracy, are criminal acts and can be reversed; criminals can’t give each other immunity deals.
And since justice, rule of law and the constitution has not been complied to or completely eliminated for the past 4-years; PT can do what-ever is necessary to fight for the constitution and the will of the American people. This is what great president do, in fact, this is what any president would do when the truth/facts are 100% on their side and the survival of this constitutional republic is at risk.
And PT, if necessary, must go beyond the powers granted by the constitution, as Lincoln did, to circle back to protect the constitution.
PT will do whatever is necessary as would Lincoln to save this nation, or what Washington did to create this nation.
Great presidents/leaders, when the on-gong concern of the constitution and this nation is at risk; they will ignore the rules for the greater good. This is what great president/leaders are required to do.
PT is holding unbeatable prosecutorial foreign/domestic voter fraud cases and 4 years of coup/treasonous cases in which 90% of these criminals will plea eventually.
When PT finishes what he started/achieved to date and implements equal justice by enforcing/saving the rule of law that protects the constitution/people; than PT will be a great president like Washington/Lincoln.
PT will Win this election and implement equal justice; one of the most important presidential acts in U.S. history.


investmentwatchblog--2020-12-31--Companies Dump U.S. Office Space at Rapid Rate! Danger for Big Banks and Derivatives

The financial system has seen massive inflows of cash , debt , currency , and money into stocks , ETF @ @ @ @ @ investments .
We are looking at more investors asking which tech stocks to buy in @ @ @ @ @ finding its way into the stock market but bond funds , despite a huge uptake @ @ @ @ @ still pales in comparison to interest in equities .

The financial system has seen massive inflows of cash, debt, currency, and money into stocks, ETF’s, and passive investments. We are looking at more investors asking which tech stocks to buy in 2021. Money has been finding its way into the stock market but bond funds, despite a huge uptake of negative yielding debt, still pales in comparison to interest in equities.
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investmentwatchblog--2020-12-31--FOX’s Juan Williams Isn’t Helping the Network’s TANKING Ratings with these Sick Remarks

Marty Walsh from Trending Politics reports , Fox News has changed so much in recent months .
The network has @ @ @ @ @ Left that they don ’ t fight for Republicans anymore .
In an op-ed for @ @ @ @ @ co-host Juan Williams launched a disgusting attack against the Republican Party .

Marty Walsh from Trending Politics reports, Fox News has changed so much in recent months. The network has shifted so far to the Left that they don’t fight for Republicans anymore. In an op-ed for The Hill, Fox News co-host Juan Williams launched a disgusting attack against the Republican Party.
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Read More/Source/Credit/FairUse:
trendingpolitics.com/juan-cal…


investmentwatchblog--2020-12-31--BRUTAL: Top Trump Lawyer Sends Bill Barr Out with EPIC Tweet

Rusty Weiss from The Political Insider reports , Jenna Ellis , a top lawyer for the President ’ s campaign @ @ @ @ @ Bill Barr , suggesting he should “ sit down ” when discussing election fraud and @ @ @ @ @ he ’ s already done “ enough sitting down on the job .
”

Rusty Weiss from The Political Insider reports, Jenna Ellis, a top lawyer for the President’s campaign, slammed departing Attorney General Bill Barr, suggesting he should “sit down” when discussing election fraud and the Hunter Biden scandal because he’s already done “enough sitting down on the job.”
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Read More/Source/Credit/FairUse:
thepoliticalinsider.com/top-t…


investmentwatchblog--2020-03-30--A SERIOUS warning about this crisis

A SERIOUS warning about this crisis

I ’ m gon na be honest here .
Every bull out there should be nervous in this blind optimism .
First of all the VIX is still very elevated .
Second , we ’ ve been receiving nothing but bad news and stocks are still going up .
Third , It looks like we might have another housing crisis on our hands and no one is taking it seriously .
You can say priced in all you want , but the fact is people are not pricing it in .
Just because big tech , Amazon , Costco and @ @ @ @ @ @ @ mean that everything is good .
Oil , airlines , hotels , small businesses , casinos , restaurants are all big parts of the economy and are failing as we speak .
Mortgages are being defaulted and we have a risk of another 2008 level crisis here and people are just breezing along like nothing is wrong .
People are failing to realize that this is not just the coronavirus to worry about .
This is only exposing pre-existing problems and on top of that we have a pandemic on our hands .
@ @ @ @ @ @ @ pandemic at the same time !
You think government would really be passing 2 trillion stimulus bills and the FED printing money in overtime and giving unlimited QE if there was no financial crisis ?
They are only saying that to not create panic !
You think that at a time when everyone is panicking over the coronavirus they would say “ oh by the way we might be having a repeat of 2008 ?
” While one can never predict the future , I have serious reservations about this ridiculous recovery we @ @ @ @ @ @ @ when it is still unknown the full extent of how the coronavirus will impact us and understand how our economy is really doing .
When we are receiving record breaking reports that are bad and the market goes up that is not a sign to buy in .
2009 was one thing when the market was down 50 % from ATH at the time and had been in a bear market for quite a while .
It ’ s another thing when we have been in a bear market for about two weeks @ @ @ @ @ @ @ in a new bull market while data is getting far worse and we still haven ’ t really seen the economic consequences ?
That doesn ’ t seem right to me .
How can you price in the unknown and think that everything is just as good as its as pre-virus ?
That would be irresponsible and I urge you guys to think carefully before buying calls and thinking that we are having a v-shaped recovery .

I’m gonna be honest here. Every bull out there should be nervous in this blind optimism. First of all the VIX is still very elevated. Second, we’ve been receiving nothing but bad news and stocks are still going up. Third, It looks like we might have another housing crisis on our hands and no one is taking it seriously. You can say priced in all you want, but the fact is people are not pricing it in. Just because big tech, Amazon, Costco and Walmart is doing well doesn’t mean that everything is good. Oil, airlines, hotels, small businesses, casinos, restaurants are all big parts of the economy and are failing as we speak.
Mortgages are being defaulted and we have a risk of another 2008 level crisis here and people are just breezing along like nothing is wrong. People are failing to realize that this is not just the coronavirus to worry about. This is only exposing pre-existing problems and on top of that we have a pandemic on our hands. This is a financial crisis and a pandemic at the same time! You think government would really be passing 2 trillion stimulus bills and the FED printing money in overtime and giving unlimited QE if there was no financial crisis? They are only saying that to not create panic! You think that at a time when everyone is panicking over the coronavirus they would say “oh by the way we might be having a repeat of 2008?”
While one can never predict the future, I have serious reservations about this ridiculous recovery we seem to be experiencing at a time when it is still unknown the full extent of how the coronavirus will impact us and understand how our economy is really doing. When we are receiving record breaking reports that are bad and the market goes up that is not a sign to buy in. 2009 was one thing when the market was down 50% from ATH at the time and had been in a bear market for quite a while. It’s another thing when we have been in a bear market for about two weeks and all of a sudden we are in a new bull market while data is getting far worse and we still haven’t really seen the economic consequences? That doesn’t seem right to me.
We are primarily funded by readers. Please subscribe and donate to support us!
How can you price in the unknown and think that everything is just as good as its as pre-virus? That would be irresponsible and I urge you guys to think carefully before buying calls and thinking that we are having a v-shaped recovery.


investmentwatchblog--2020-03-30--I’m a Loan Officer for one of the larger retail lenders. Here’s an overview of how the Fed gone and

I’m a Loan Officer for one of the larger retail lenders. Here’s an overview of how the Fed gone and f*cked over mortgage lenders.

Credit for the content below should go to Barry Habib of MBS Highway .
THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage industry , which could potentially make the 2008 financial crisis pale in comparison .
The pressing issue centers around capital that ’ s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend .
HERES HOW THE MORTGAGE MARKET WORKS Let ’ s begin with the mortgage process .
A borrower goes to a Mortgage Originator to obtain a mortgage @ @ @ @ @ @ @ handled by a Servicer , which may or may not be the same company that originated the loan .
The borrower submits payments to the Servicer , however , the Servicer does not own the loan , they are simply maintaining the loan .
This means collecting payments and forwarding them to the investor ( Fannie/Freddie/Ginnie ) , paying taxes and insurance , and answering questions , etc .
While they maintain or “ service ” the loan , the asset itself is sold to an aggregator or directly to a government agency @ @ @ @ @ @ @ or Ginnie Mae .
The loan then gets placed in a large bundle , which is put in the hands of an Investment Banker .
The Investment Banker converts those loans into a Mortgage Backed Security ( MBS ) that can be sold to the public .
This shows up in different investments like Mutual Funds , Insurance Plans , and Retirement Accounts .
The Servicer ’ s role is very critical .
In order to obtain the right to service loans , the Servicer will typically pay 1 % of the loan @ @ @ @ @ @ @ receives a monthly payment or “ strip ” equal to about 30 basis points ( bps ) per year .
Because they paid about 1 % to obtain the servicing rights and receive roughly 30 bps annual income , the breakeven period is approximately 3 years .
The longer that loan remains on the books , the more money the Servicer makes .
In many cases , the Servicer may want to use leverage to increase their level of income .
Therefore , they may often finance half the cost of acquiring the @ @ @ @ @ @ @ .
SERVICER DILEMMA As you can imagine , when interest rates drop dramatically , there is an increased incentive for many people to refinance their loans more rapidly .
This causes the loans that a Servicer had on their books to pay off sooner…often before that 3-year breakeven period .
This servicing runoff creates losses for that Mortgage Lender who is servicing the loan .
The more loans in a Mortgage Lender ’ s portfolio , the greater the loss .
Servicing runoff , or even the anticipation of it , can adversely @ @ @ @ @ @ @ portfolio .
But at the same time , Lenders typically experience an increase in new loan activity because of the decline in interest rates .
This gives them additional income to help overcome the losses in their servicing portfolio .
But the Coronavirus has caused a virtual shutdown of the US economy , which has created an unprecedented amount of job losses .
This adds a new risk to the servicer because borrowers may have difficulty paying their mortgage in a timely manner .
And although the Servicer does not own the asset @ @ @ @ @ @ @ the payment to the investor , even if they have not yet received it from the borrower .
Under normal circumstances , the Servicer has plenty of cushion to account for this .
But an extreme level of delinquency puts the Servicer in an unmanageable position .
I ’ M FROM THE GOVERNMENT AND I ’ M HERE TO HELP In the Government ’ s effort to help those who have lost their jobs because of the Coronavirus shutdown , they have granted forbearance of mortgage payments for affected individuals .
This presents @ @ @ @ @ @ @ obligated to forward the mortgage payment to the investor , even though they have not yet received it .
Fortunately , there is a new facility set up to help Mortgage Servicers bridge the gap to the investor .
However , it is unclear as to how long it will take for Servicers to access this facility .
But what has not been yet contemplated is the fact that a borrower who does not make their first mortgage payment causes the loan to be ineligible to be sold to an investor .
This @ @ @ @ @ @ @ the asset itself , which ties up their available credit .
And with so many new loans being originated of late , the amount of transactions that will not qualify for sale is significant .
This restricts the Lender ’ s ability to clear their pipeline and get reimbursed with cash so they can now fund new transactions .
MARK TO MARKET This week – Due to accelerated prepayments and the uncertainty of repayment , the value of servicing was slashed in half from 1 % to 0.5 % .
This drastic decrease @ @ @ @ @ @ @ many Servicers who financed their acquisition of servicing .
Additionally , the decreased value of a Lender ’ s servicing portfolio reduces the Lender ’ s overall net worth .
Since the amount a lender can lend is based on a multiple of their net worth , the decrease in value of their servicing portfolio asset , along with the cash paid for margin calls , reduces their capacity to lend .
UNINTENDED CONSEQUENCES The Fed ’ s desire to bring mortgage rates down isn ’ t just damaging servicing portfolios because of @ @ @ @ @ @ @ chaos in Lenders ’ ability to hedge their risk .
Let ’ s look at what happens when a borrower locks in their mortgage rate with a Mortgage Lender .
Mortgage rates are based on the trading of Mortgage Backed Securities ( MBS ) .
As Mortgage Backed Securities rise in price , interest rates improve and move lower .
A locked rate on a loan is nothing more than a lender promising to hold an interest rate for a period of time , or until the transaction closes .
The Lender is @ @ @ @ @ @ @ in the marketplace between the time they agreed to grant the lock and the time that the loan closes .
If rates were to rise because MBS prices declined , the Lender would be obligated to buy down the borrower ’ s mortgage rate to the level they were promised .
And since the Lender doesn ’ t want to be in a position of gambling , they hedge their locked loans by shorting Mortgage Backed Securities .
Therefore , should MBS drop in price , causing rates to rise , the Lender @ @ @ @ @ @ @ borrower ’ s rate is offset by the Lender ’ s gains of their short positions in MBS .
Now think about what happens when MBS prices rise or improve , causing mortgage rates to decline .
On paper the Lender should be able to close the mortgage loan at a better price than promised to the borrower , giving the Lender additional profits .
However , the Lender ’ s losses on their short position negate any additional profits from the improvement in MBS pricing .
This hedging system works well to @ @ @ @ @ @ @ while removing market risk from the Lender .
But in an effort to reduce mortgage rates , the Fed has been purchasing an incredible amount of Mortgage Backed Securities , causing their price to rise dramatically and swiftly .
This , in turn , causes the Lenders ’ hedged short positions of MBS to show huge losses .
These losses appear to be offset on paper by the potential market gains on the loans that the lender hopes to close in the future .
But the Broker Dealer will not wait on the @ @ @ @ @ @ @ an immediate margin call .
The recent amount that these Lenders are paying in margin calls are staggering .
They run in the tens of millions of Dollars .
All this on top of the aforementioned stresses that Lenders are having to endure .
So , while the Fed believes they are stimulating lending , their actions are resulting in the exact opposite .
The market for Government Loans , Jumbo Loans , and loans that don ’ t fit ideal parameters , have all but dried up .
And many Lenders have @ @ @ @ @ @ @ of transactions by throttling mortgage rates higher and by reducing the term that they are willing to guarantee a rate lock .
Furthering the Fed ’ s unintended consequences was the announcement to cut interest rates on the Fed Funds Rate by 1 % to virtually zero .
Because the Fed ’ s communication failed to educate the general public that the Fed Funds Rate is very different than mortgage rates , it prompted borrowers in process to break their locks and try to jump ship to a lower rate .
This dramatically @ @ @ @ @ @ @ ’ t end up closing .
EVEN STEPHEN KING COULD NOT HAVE SCRIPTED THIS It ’ s been said that the Stock market will do the most damage , to the most people , at the worst time .
And the current mortgage market is experiencing the most perfect storm .
Just when volume levels were at the highest in history , servicing runoff at its peak , and pipelines hedged more than ever , the Coronavirus arrived .
Lenders need to clear their pipelines , but social distancing is making it more @ @ @ @ @ @ @ And those loans that are about to close require that employment be verified .
As you can imagine , with millions of individuals losing their jobs , those mortgages are unable to fund , leaving lenders with more hedging losses and no income to offset it .
WHAT NEEDS TO BE DONE NOW Fortunately , there are many smart people in the Mortgage Industry who are doing everything they can to navigate through these perilous times .
But the Fed and our Government needs to stop making it more difficult .
The Fed @ @ @ @ @ @ @ pipelines to clear .
Lawmakers need to allow for first payment defaults , due to forbearance , to be saleable .
And finally , the Fed must more clearly communicate that Mortgage Rates and the Fed Funds Rate are not the same .
We have faith that the effects of the Coronavirus will subside and that things will become more normalized in the upcoming months .
So , that ’ s what ’ s going on – I ’ d love some input on the best way to use this info for trades @ @ @ @ @ @ @ servicers with minimal diversity are most at risk .
Quicken isn ’ t publicly traded , Wells Fargo is too big for their mortgage servicing alone to cripple them .
Edit : adding this – There are three main issues : 1 . )
margin call 2 . )
inability to sell recently originated loans with a forbearance in place prior to the first payment 3 . )
a servicer still needs to pay Fannie/Freddie/Ginnie even if someone with an existing loan is in forbearance These can combine to be a huge cash @ @ @ @ @ @ @ is just that the Fed stops buying MBS but the second two require legislation .
So , what servicers are at risk ?
EDIT MADE : I ’ m an idiot and the original post contained some figures for commercial MBS servicing by banks .
Originally I proposed a ticker weighted in CMBS and someone pointed out I ’ m an idiot .
A couple people have commented COOP – Mr. Cooper has a $ 548B servicing portfolio , which is massive .
They aren ’ t a bank and are solely a @ @ @ @ @ @ @ that play .
TL ; DR : If you want to know details of how residential mortgage loan servicers are at high risk due to CARES Act , theres about 20 mins of reading .
Or , just know they are at high risk unless the government fixes some shit they broke .
Disclaimer : This information is only for educational purposes .
Do not make any investment decisions based on the information in this article .
Do you own due diligence .

by HowGreatAreYourDanes
Credit for the content below should go to Barry Habib of MBS Highway.
THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.
HERES HOW THE MORTGAGE MARKET WORKS Let’s begin with the mortgage process. A borrower goes to a Mortgage Originator to obtain a mortgage. Once closed, the loan is handled by a Servicer, which may or may not be the same company that originated the loan. The borrower submits payments to the Servicer, however, the Servicer does not own the loan, they are simply maintaining the loan. This means collecting payments and forwarding them to the investor (Fannie/Freddie/Ginnie), paying taxes and insurance, and answering questions, etc. While they maintain or “service” the loan, the asset itself is sold to an aggregator or directly to a government agency like Fannie Mae, Freddie Mac, or Ginnie Mae. The loan then gets placed in a large bundle, which is put in the hands of an Investment Banker. The Investment Banker converts those loans into a Mortgage Backed Security (MBS) that can be sold to the public. This shows up in different investments like Mutual Funds, Insurance Plans, and Retirement Accounts.
The Servicer’s role is very critical. In order to obtain the right to service loans, the Servicer will typically pay 1% of the loan amount up front. The Servicer then receives a monthly payment or “strip” equal to about 30 basis points (bps) per year. Because they paid about 1% to obtain the servicing rights and receive roughly 30 bps annual income, the breakeven period is approximately 3 years. The longer that loan remains on the books, the more money the Servicer makes. In many cases, the Servicer may want to use leverage to increase their level of income. Therefore, they may often finance half the cost of acquiring the loan and pay the rest in cash.
SERVICER DILEMMA As you can imagine, when interest rates drop dramatically, there is an increased incentive for many people to refinance their loans more rapidly. This causes the loans that a Servicer had on their books to pay off sooner…often before that 3-year breakeven period. This servicing runoff creates losses for that Mortgage Lender who is servicing the loan. The more loans in a Mortgage Lender’s portfolio, the greater the loss. Servicing runoff, or even the anticipation of it, can adversely impact the market valuation of a servicing portfolio. But at the same time, Lenders typically experience an increase in new loan activity because of the decline in interest rates. This gives them additional income to help overcome the losses in their servicing portfolio.
But the Coronavirus has caused a virtual shutdown of the US economy, which has created an unprecedented amount of job losses. This adds a new risk to the servicer because borrowers may have difficulty paying their mortgage in a timely manner. And although the Servicer does not own the asset, they have the responsibility to make the payment to the investor, even if they have not yet received it from the borrower. Under normal circumstances, the Servicer has plenty of cushion to account for this. But an extreme level of delinquency puts the Servicer in an unmanageable position.
I’M FROM THE GOVERNMENT AND I’M HERE TO HELP In the Government’s effort to help those who have lost their jobs because of the Coronavirus shutdown, they have granted forbearance of mortgage payments for affected individuals. This presents an enormous obstacle for Servicers who are obligated to forward the mortgage payment to the investor, even though they have not yet received it. Fortunately, there is a new facility set up to help Mortgage Servicers bridge the gap to the investor. However, it is unclear as to how long it will take for Servicers to access this facility.
But what has not been yet contemplated is the fact that a borrower who does not make their first mortgage payment causes the loan to be ineligible to be sold to an investor. This means that the Servicer must hold onto the asset itself, which ties up their available credit. And with so many new loans being originated of late, the amount of transactions that will not qualify for sale is significant. This restricts the Lender’s ability to clear their pipeline and get reimbursed with cash so they can now fund new transactions.
MARK TO MARKET This week – Due to accelerated prepayments and the uncertainty of repayment, the value of servicing was slashed in half from 1% to 0.5%. This drastic decrease in value prompted margin calls for the many Servicers who financed their acquisition of servicing. Additionally, the decreased value of a Lender’s servicing portfolio reduces the Lender’s overall net worth. Since the amount a lender can lend is based on a multiple of their net worth, the decrease in value of their servicing portfolio asset, along with the cash paid for margin calls, reduces their capacity to lend.
UNINTENDED CONSEQUENCES The Fed’s desire to bring mortgage rates down isn’t just damaging servicing portfolios because of prepayments, it’s also wreaking chaos in Lenders’ ability to hedge their risk. Let’s look at what happens when a borrower locks in their mortgage rate with a Mortgage Lender. Mortgage rates are based on the trading of Mortgage Backed Securities (MBS). As Mortgage Backed Securities rise in price, interest rates improve and move lower. A locked rate on a loan is nothing more than a lender promising to hold an interest rate for a period of time, or until the transaction closes. The Lender is at risk for any MBS price changes in the marketplace between the time they agreed to grant the lock and the time that the loan closes.
If rates were to rise because MBS prices declined, the Lender would be obligated to buy down the borrower’s mortgage rate to the level they were promised. And since the Lender doesn’t want to be in a position of gambling, they hedge their locked loans by shorting Mortgage Backed Securities. Therefore, should MBS drop in price, causing rates to rise, the Lender’s cost to buy down the borrower’s rate is offset by the Lender’s gains of their short positions in MBS.
Now think about what happens when MBS prices rise or improve, causing mortgage rates to decline. On paper the Lender should be able to close the mortgage loan at a better price than promised to the borrower, giving the Lender additional profits. However, the Lender’s losses on their short position negate any additional profits from the improvement in MBS pricing. This hedging system works well to deliver the borrower what was promised, while removing market risk from the Lender.
We are primarily funded by readers. Please subscribe and donate to support us!
But in an effort to reduce mortgage rates, the Fed has been purchasing an incredible amount of Mortgage Backed Securities, causing their price to rise dramatically and swiftly. This, in turn, causes the Lenders’ hedged short positions of MBS to show huge losses. These losses appear to be offset on paper by the potential market gains on the loans that the lender hopes to close in the future. But the Broker Dealer will not wait on the possibility of future loans closing and demands an immediate margin call. The recent amount that these Lenders are paying in margin calls are staggering. They run in the tens of millions of Dollars. All this on top of the aforementioned stresses that Lenders are having to endure. So, while the Fed believes they are stimulating lending, their actions are resulting in the exact opposite. The market for Government Loans, Jumbo Loans, and loans that don’t fit ideal parameters, have all but dried up. And many Lenders have no choice but to slow their intake of transactions by throttling mortgage rates higher and by reducing the term that they are willing to guarantee a rate lock.
Furthering the Fed’s unintended consequences was the announcement to cut interest rates on the Fed Funds Rate by 1% to virtually zero. Because the Fed’s communication failed to educate the general public that the Fed Funds Rate is very different than mortgage rates, it prompted borrowers in process to break their locks and try to jump ship to a lower rate. This dramatically increased hedging losses from loans that didn’t end up closing.
EVEN STEPHEN KING COULD NOT HAVE SCRIPTED THIS It’s been said that the Stock market will do the most damage, to the most people, at the worst time. And the current mortgage market is experiencing the most perfect storm. Just when volume levels were at the highest in history, servicing runoff at its peak, and pipelines hedged more than ever, the Coronavirus arrived. Lenders need to clear their pipelines, but social distancing is making it more difficult for transactions to be processed. And those loans that are about to close require that employment be verified. As you can imagine, with millions of individuals losing their jobs, those mortgages are unable to fund, leaving lenders with more hedging losses and no income to offset it.
WHAT NEEDS TO BE DONE NOW Fortunately, there are many smart people in the Mortgage Industry who are doing everything they can to navigate through these perilous times. But the Fed and our Government needs to stop making it more difficult. The Fed must temporarily slow MBS purchases to allow pipelines to clear. Lawmakers need to allow for first payment defaults, due to forbearance, to be saleable. And finally, the Fed must more clearly communicate that Mortgage Rates and the Fed Funds Rate are not the same. We have faith that the effects of the Coronavirus will subside and that things will become more normalized in the upcoming months.
So, that’s what’s going on – I’d love some input on the best way to use this info for trades. Personally I think that mid-sized loan servicers with minimal diversity are most at risk. Quicken isn’t publicly traded, Wells Fargo is too big for their mortgage servicing alone to cripple them.
Edit: adding this – There are three main issues: 1.) margin call 2.) inability to sell recently originated loans with a forbearance in place prior to the first payment 3.) a servicer still needs to pay Fannie/Freddie/Ginnie even if someone with an existing loan is in forbearance
These can combine to be a huge cash burn. The fix for #1 is just that the Fed stops buying MBS but the second two require legislation.
So, what servicers are at risk?
EDIT MADE: I’m an idiot and the original post contained some figures for commercial MBS servicing by banks.
Originally I proposed a ticker weighted in CMBS and someone pointed out I’m an idiot. A couple people have commented COOP – Mr. Cooper has a $548B servicing portfolio, which is massive. They aren’t a bank and are solely a mortgage lender/servicer, so I do like that play.
So, 10/16 COOP 5p
TL;DR: If you want to know details of how residential mortgage loan servicers are at high risk due to CARES Act, theres about 20 mins of reading. Or, just know they are at high risk unless the government fixes some shit they broke.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-03-30--This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a wh

This is a fascinating story that ’ s likely to fuel market volatility and screw up valuations for a while @ @ @ @ @ has explored this in recent weeks : t.co/PxQHCJuMaJ t.co/V2hKQldqMu t.co/X6V2ongXn8 t.co/lcGT1M8yWT The best # recession @ @ @ @ @ pic.twitter.com/VxfiKyYf3v The 2020 $ SPY EPS est fell to $ 163.37 from $ 169.64 last @ @ @ @ @ forecast of a 35 % peak-to-trough drop in ests ( a rate similar to 2008 @ @ @ @ @ estimate could fall to $ 124 .
That puts the forward PE ratio closer to @ @ @ @ @ there was a time when Shadow Banking could blow up the world , it 's @ @ @ @ @ NOTHING to curb it 's rise .
Yellen said in 2014 it was thing she @ @ @ @ @ nothing about it for 6 yrs .
Day of reckoning ?
t.co/gIUue4zWVt pic.twitter.com/a5fAzQsMyQ

This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a while. @YahooFinance Morning Brief has explored this in recent weeks: t.co/PxQHCJuMaJ t.co/V2hKQldqMu t.co/X6V2ongXn8 t.co/lcGT1M8yWT
The best #recession indicator did it again… t.co/I0sxCwlbbc pic.twitter.com/VxfiKyYf3v
The 2020 $SPY EPS est fell to $163.37 from $169.64 last week. Based on our forecast of a 35% peak-to-trough drop in ests (a rate similar to 2008), the 2020 EPS estimate could fall to $124. That puts the forward PE ratio closer to 20.50x. pic.twitter.com/j25bLNXrQz
If ever there was a time when Shadow Banking could blow up the world, it's now.😬😷🤨
Central banks did literally NOTHING to curb it's rise. Yellen said in 2014 it was thing she most worried about. Did nothing about it for 6 yrs. Day of reckoning?t.co/gIUue4zWVt pic.twitter.com/a5fAzQsMyQ
— M/I_Investments (@MI_Investments) March 30, 2020


investmentwatchblog--2020-03-30--Prediction: when the coronavirus lockdowns end, people are going to realize that we’re in a depressi

Prediction: when the coronavirus lockdowns end, people are going to realize that we’re in a depression & their jobs/businesses aren’t coming back

Prediction : when the coronavirus lockdowns end , people are going to realize that we 're in a depression & @ @ @ @ @ back ( b/c The Everything Bubble has burst ) .
We 're going to have @ @ @ @ @ will put Occupy Wall Street in 2011 to shame .

Prediction: when the coronavirus lockdowns end, people are going to realize that we're in a depression & their jobs/businesses aren't coming back (b/c The Everything Bubble has burst).
We're going to have mass protests & riots that will put Occupy Wall Street in 2011 to shame.
— Jesse Colombo (@TheBubbleBubble) March 29, 2020


investmentwatchblog--2020-03-30--Why is paying tax later better than now?

“ The archetypal wonderful company—think See ’ s Candies—grows with minimal incremental reinvestment , compounding the intrinsic value at a high rate while paying out most earnings .
Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage , investors are rewarded for holding wonderful companies for long periods or , as Buffett quips , “ [ W ] hen we own portions of outstanding businesses with outstanding managements , our favorite holding period is forever.
” This allows the investment to compound without paying capital gains tax and @ @ @ @ @ @ @ wonderful companies appear to be such attractive investment opportunities.
” This reminds me of the advice to look for stocks that gives low dividends because once its paid out gains taxes must be paid , and this is thus undesirable because it takes the decision of ” when to pay tax ” away from the investor .
I imagine one of the reasons is expectations of a lower tax future .
Other reasons might be : how earnings turned into dividends are not used for reinvestment/research , how dividends might inflate the stock @ @ @ @ @ @ @ : how abundance of capital create inefficiencies ; it makes management less careful with expenditures , etc .
But in practice , do any of these factors matter ?

by MemoryOfThatDay
“The archetypal wonderful company—think See’s Candies—grows with minimal incremental reinvestment, compounding the intrinsic value at a high rate while paying out most earnings. Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage, investors are rewarded for holding wonderful companies for long periods or, as Buffett quips, “[W]hen we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
This allows the investment to compound without paying capital gains tax and is one of the main reasons that wonderful companies appear to be such attractive investment opportunities.”
This reminds me of the advice to look for stocks that gives low dividends because once its paid out gains taxes must be paid, and this is thus undesirable because it takes the decision of ” when to pay tax” away from the investor.
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I imagine one of the reasons is expectations of a lower tax future.
Other reasons might be: how earnings turned into dividends are not used for reinvestment/research, how dividends might inflate the stock price and the reverse and from behavioral : how abundance of capital create inefficiencies;it makes management less careful with expenditures, etc.
But in practice, do any of these factors matter?


investmentwatchblog--2020-03-30--Stimulus-package tax relief: Withdraw $100K from your IRA

“ IRA owners who are adversely affected by the coronavirus pandemic ( and there will be plenty of them ) @ @ @ @ @ tax-favored coronavirus-related distributions from their IRAs .
To keep things simple , let ’ s @ @ @ @ @ They can add up to as much as $ 100,000 .
You can recontribute a @ @ @ @ @ within three years of the withdrawal date and treat the withdrawal and later recontribution as @ @ @ @ @ “ In effect , the CVD drill allows you to borrow up to $ 100,000 @ @ @ @ @ ) and repay the amount ( s ) any time up to three years later @ @ @ @ @ consequences .
And there are no limitations on what you can use CVD funds for @ @ @ @ @ ”

Thoughts on this?
“IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back into your IRA within three years of the withdrawal date and treat the withdrawal and later recontribution as a totally tax-free rollover.”
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“In effect, the CVD drill allows you to borrow up to $100,000 from your IRA(s) and repay the amount(s) any time up to three years later with no federal income tax consequences. And there are no limitations on what you can use CVD funds for during the three-year period.”
Source


investmentwatchblog--2020-03-30--Don’t be left holding the bag

Don’t be left holding the bag

I ’ ve noticed a trend of posts which can basically be reduced to be “ it ’ s bad , so let ’ s short ” .
I ’ d suggest that we should go beyond this type of analysis to not get caught holding the bag .
In short , the outright level of “ how bad it is ” isn ’ t what drives markets in the long run – it ’ s the trend of the data which matters most .
For example , here ’ s the 2008-2009 crash and recovery .
Those who were @ @ @ @ @ @ @ the market go upwards of 40 % against their trades at the end of the trend .
But if you had instead used the rate of change of unemployment , you would have been long several months earlier .
You may have had a losing trade or two along the way , but would have captured the ultimate turn in the market very near the bottom .
The point is this : think beyond the headline figures .
Ask if the trend is accelerating or decelerating and use that as your baseline market @ @ @ @ @ @ @ ahead of the average trader .
TLDR – The market generally doesn ’ t care of it ’ s bad or not , it cares what direction the data is moving .

I’ve noticed a trend of posts which can basically be reduced to be “it’s bad, so let’s short”. I’d suggest that we should go beyond this type of analysis to not get caught holding the bag. In short, the outright level of “how bad it is” isn’t what drives markets in the long run – it’s the trend of the data which matters most.
For example, here’s the 2008-2009 crash and recovery.
Those who were short simply because unemployment was rising had the market go upwards of 40% against their trades at the end of the trend.
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But if you had instead used the rate of change of unemployment, you would have been long several months earlier. You may have had a losing trade or two along the way, but would have captured the ultimate turn in the market very near the bottom.
The point is this: think beyond the headline figures. Ask if the trend is accelerating or decelerating and use that as your baseline market bias. You’ll be miles ahead of the average trader.
TLDR – The market generally doesn’t care of it’s bad or not, it cares what direction the data is moving.


Can Hawai’i Survive?

After a couple of weeks of trying to determine who will be hit hardest by the beer flu , I now feel that Hawai ’ i is beyond f*cked .
Having been to Hawai ’ i numerous times , I can not imagine how Hawai ’ i recovers .
There are virtually no flights going to Hawaii , Hawaiian Airlines is all but grounded , 80-90 % of their economy is tourism related , hotels are < 10 % occupancy , the overwhelming majority of their restaurants cater to tourists , their stadium parking lots are is a graveyard for @ @ @ @ @ @ @ and estimate the number of “ essential businesses ” on the islands to be in the single digits .
I believe this , in many ways , is welcoming to the locals .
Tourists for years have continued to desecrate the islands , and with the ongoing battle regarding Mauna Kea , for many , less people coming to Hawai ’ i , the better .
Unfortunately , I estimate people in Hawai ’ i live paycheck to paycheck more than anywhere else in America .
With tourism at a standstill for the @ @ @ @ @ @ @ will take years for them to recover , the number of pregnancies , addictions , and homeless will skyrocket .
Also set to skyrocket will be the number of defaults on credit cards , loans , and mortgages .
TL : DR- Hawai ’ i is shut down and in all likelihood f*cked beyond repair .

After a couple of weeks of trying to determine who will be hit hardest by the beer flu, I now feel that Hawai’i is beyond f*cked.
Having been to Hawai’i numerous times, I cannot imagine how Hawai’i recovers. There are virtually no flights going to Hawaii, Hawaiian Airlines is all but grounded, 80-90% of their economy is tourism related, hotels are <10% occupancy, the overwhelming majority of their restaurants cater to tourists, their stadium parking lots are is a graveyard for rental cars that nobody is renting, and estimate the number of “essential businesses” on the islands to be in the single digits.
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I believe this, in many ways, is welcoming to the locals. Tourists for years have continued to desecrate the islands, and with the ongoing battle regarding Mauna Kea, for many, less people coming to Hawai’i, the better. Unfortunately, I estimate people in Hawai’i live paycheck to paycheck more than anywhere else in America. With tourism at a standstill for the foreseeable future, and an economy that will take years for them to recover, the number of pregnancies, addictions, and homeless will skyrocket. Also set to skyrocket will be the number of defaults on credit cards, loans, and mortgages.
TL:DR- Hawai’i is shut down and in all likelihood f*cked beyond repair.


investmentwatchblog--2020-03-30--Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls… The next finan

Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls… The next financial crisis: A collapse of the mortgage system?

• The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption , ” due to actions by the Fed that were meant to help the mortgage market .
• The Fed bought $ 183 billion of purchases last week of mortgage-backed securities , in an effort to drive down rates , and they did .
• But the Fed ’ s actions , amid a volatile market environment , helped add further strains that resulted in blowing up a widespread hedge that mortgage bankers use to protect themselves against rate increases , and now some @ @ @ @ @ @ @ eroding their working capital and threaten their ability to operate .
The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “ in danger of large-scale disruption , ” due to efforts by the Federal Reserve that were intended to help rescue the mortgage market .
At issue are the Fed ’ s unprecedented $ 183 billion of purchases last week of mortgage-backed securities .
The purchases were meant to drive down rates , and they did .
But together with the storm that gripped @ @ @ @ @ @ @ also effectively blew up a widespread hedge that mortgage bankers use to protect themselves against rate increases .
The hedge pays them if the prevailing rate in the market is higher than the rate than the mortgage rate they locked with the customer .
Mortgage Bankers Ask SEC to Save Them From Wave of Margin Calls The next financial crisis : A collapse of the mortgage system This article had strong 2008 undertones for me regarding the mortgage backed securities market and the institutions that own those assets being non-banks and not having @ @ @ @ @ @ @ back on .

The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market.
The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did.
But the Fed’s actions, amid a volatile market environment, helped add further strains that resulted in blowing up a widespread hedge that mortgage bankers use to protect themselves against rate increases, and now some lenders are facing margin calls that are eroding their working capital and threaten their ability to operate.
The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve that were intended to help rescue the mortgage market.
At issue are the Fed’s unprecedented $183 billion of purchases last week of mortgage-backed securities. The purchases were meant to drive down rates, and they did.
But together with the storm that gripped financial markets from the coronavirus, they also effectively blew up a widespread hedge that mortgage bankers use to protect themselves against rate increases. The hedge pays them if the prevailing rate in the market is higher than the rate than the mortgage rate they locked with the customer.
www.cnbc.com/2020/03/29/mortgage-bankers-warn-fed-purchases-of-mortgages-unbalanced-market-forcing-margin-calls.html
Mortgage Bankers Ask SEC to Save Them From Wave of Margin Calls
www.bloomberg.com/news/articles/2020-03-29/mortgage-bankers-ask-sec-to-save-them-from-wave-of-margin-calls
The next financial crisis: A collapse of the mortgage system
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The U.S. mortgage finance system could collapse if the Federal Reserve doesn’t step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic. Congress did not include relief for the mortgage industry in its $2 trillion rescue package — even as lawmakers required mortgage companies to allow homeowners up to a year’s delay in making payments on federally backed loans. When individuals stop making payments on their home mortgages, the companies that handle the loans and process those payments, so-called mortgage servicers, are still on the hook: They’re legally obligated to keep sending money to insurers and investors in mortgage-backed securities, the giant bundles of home loans that are packaged and sold on the securities markets.
Now industry executives and regulators are worried that Congress’s generosity toward homeowners could wipe out those companies, causing investors not to get paid and potentially bankrupting the entire mortgage finance system — a domino effect that would make it much harder for borrowers to access credit to buy homes. Housing lobbyists sounded the alarm to Senate staff about the potential danger, but the sheer scale of the rescue bill and the focus on communicating the industry’s other big concerns — such as the details of how long mortgages would be suspended — meant their warnings were unheeded in the rush to finish the massive legislation.
www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338
This article had strong 2008 undertones for me regarding the mortgage backed securities market and the institutions that own those assets being non-banks and not having the capital requirements or deposits to fall back on.


investmentwatchblog--2020-03-30--The End of the Euro and the EU

The End of the Euro and the EU

Economists Predict Potential End of the Euro Due to Coronavirus It is a sad testimony to the inadequate response of the EU to Italy ’ s plight that after being refused help they turned to Russia for emergency medical equipment .
Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro currency — and the potential end of the European Union itself .
Belgian economist Professor Paul De Grauwe said that if the European Union does not show solidarity with member-states like Italy that have been hit hardest by the coronavirus , “ @ @ @ @ @ @ @ He went on to advocate for the creation of “ coronabonds , ” a financial tool previously known as eurobonds , to help share the economic risk to countries affected by the virus .
Coronabonds have been advocated by several countries , including Italy , as well as European Central Bank ( ECB ) president Christine Lagarde — but have been largely opposed by richer countries like Germany and the Netherlands .
According to Professor De Grauwe , countries like the Netherlands “ live on another planet ” , adding : “ If @ @ @ @ @ @ @ that other countries are not willing to help Italy , I would question membership in the Union .
”

Economists Predict Potential End of the Euro Due to Coronavirus
It is a sad testimony to the inadequate response of the EU to Italy’s plight that after being refused help they turned to Russia for emergency medical equipment.
Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro currency — and the potential end of the European Union itself.
Belgian economist Professor Paul De Grauwe said that if the European Union does not show solidarity with member-states like Italy that have been hit hardest by the coronavirus, “the whole European project will disappear.”
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He went on to advocate for the creation of “coronabonds,” a financial tool previously known as eurobonds, to help share the economic risk to countries affected by the virus.
Coronabonds have been advocated by several countries, including Italy, as well as European Central Bank (ECB) president Christine Lagarde — but have been largely opposed by richer countries like Germany and the Netherlands.
According to Professor De Grauwe, countries like the Netherlands “live on another planet”, adding: “If I were Italian and if I saw that other countries are not willing to help Italy, I would question membership in the Union.”
Salvini: Expect Revolt in Italy Without 100 Billion Euro Bailout t.co/0WbBMfSeHs — Breitbart London (@BreitbartLondon) March 27, 2020
www.breitbart.com/europe/2020/03/29/economists-predict-potential-end-of-the-euro-due-to-coronavirus/


investmentwatchblog--2020-03-30--CNN Host SNAPS After Trump Advisor Drops BRUTAL Truth Bombs on Live TV

Cristina Laila from The Gateway Pundit reports , This is CNN .
CNN host Brianna Keilar on Thursday abruptly ended @ @ @ @ @ Peter Navarro blamed China for the virus .
CNN doesn ’ t want to upset @ @ @ @ @ all as a country got dealt a bad hand by China , ” Navarro said @ @ @ @ @ “ Uh , Peter !
That is just a waste of time to say that @ @ @ @ @ her hands up .
“ I ’ m going to leave it there Peter Navarro @ @

Cristina Laila from The Gateway Pundit reports, This is CNN. CNN host Brianna Keilar on Thursday abruptly ended the segment when Trump advisor Peter Navarro blamed China for the virus. CNN doesn’t want to upset the ChiComs. “We all as a country got dealt a bad hand by China,” Navarro said. Brianna Keilar snapped. “Uh, Peter! That is just a waste of time to say that,” Keilar said throwing her hands up. “I’m going to leave it there Peter Navarro.”
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Read More/Source/Credit/FairUse:
www.thegatewaypundit.com/2020…


investmentwatchblog--2020-03-30--Gov. Andrew Cuomo Admits Stockpile of Thousands of Unused Ventilators

New York Governor Andrew Cuomo acknowledged Friday the state did have a stockpile of unused ventilators , despite his complaints @ @ @ @ @ sending enough .

Cuomo says the ventilators NY has have not been distributed because “the hospitals don’t need them yet.” He says he expects they will be needed when the NY outbreak reaches its apex.
pic.twitter.com/yDRBgmvUWd — Brit Hume (@brithume) March 27, 2020
New York Governor Andrew Cuomo acknowledged Friday the state did have a stockpile of unused ventilators, despite his complaints the federal government was not sending enough.
www.breitbart.com/politics/2020/…ntilators/
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AC


investmentwatchblog--2020-03-30--The Soviet Democrats Of America

The Soviet Democrats Of America

From AOC to Joe Biden , Democrats this week have said some crazy $ # ^ !
Steve Deace presents @ @ @ @ @ cringe .

From AOC to Joe Biden, Democrats this week have said some crazy $#^! Steve Deace presents the top moments of Democrat cringe.
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investmentwatchblog--2020-03-30--5 Experts Who Predict This Recession Will Be the Next Great Depression

The US economy has experienced a unprecedented economic meltdown in the last two months and there is no doubt that the global economic collapse is finally here with us .
Unlike the 2008 Great Recession , the current economic crisis looks uglier because it has been triggered by a global health problem .
Millions of people have already lost their jobs and this is the most intense layoff since the great depression .
Economists are predicting that the $ 2 trillion stimulus package will not hold the economic fallout for long .
At the same time , experts are warning @ @ @ @ @ @ @ addressed promptly , it will culminate to the biggest depression in history .
The US economy will soon slip to a deeper financial crisis and here are some of the top economists that are predicting that the US economy is headed to a depression .
In this video we will show you 5 well known economist who say that this recession will turn into the Next Great Depression : 1 .
Alan Blinder Alan is one of the top economists in the US and he once served as the Federal Reserve ’ s @ @ @ @ @ @ @ a professor at Princeton .
He has warned that the United States is already in a recession already begun in March .
Generally , an economic recession is defined as two consecutive quarters of negative economic growth .
However , there are sudden factors that can cause a recession like a dramatic increase in unemployment rate .
In recent weeks the number of unemployed people in the United States has risen to 3.3 million as businesses suspend their operations .
Alan has warned that this is the beginning of a historic economic collapse @ @ @ @ @ @ @ this point.. 2 .
Maury Obstfeld Maury is the former chief economists who worked with the International Monetary Fund ( IMF ) and he is warning that the US economy is headed to a depression .
He is arguing that the economy is already in a recession and if this economic meltdown continues for the next two months , the US will be officially in a next great depression .
Business activities globally have come to an halt and layoffs are surging to record highs and Maury is comparing this to the great @ @ @ @ @ @ @ has not been seen for many decades and this economic fallout can only be compared to the great depression .
the US is already going through unprecedented economic contraction and disruption of business operations as millions of Americans stay at home .
Analysts are predicting that the United States economy is headed towards the worst quarter since the great depression… 3 .
Nouriel Roubini Roubini is warning that with the current health problem which is spiraling out of control , the best economic outcome that we can hope for is an economic collapse @ @ @ @ @ @ @ global financial crisis .
The chances for even worst outcome are increasing every passing day as thousand of business suspends their operations all over .
The shock to the global economy is more severe than what we had back in the 2008 economic meltdown .
In recent weeks the markets have been plummeting and credits are freezing up and this is being followed by massive bankruptcies as companies fail to coup up with this economic crisis .
Companies are going out of business and the annualized GDP is expected to contract with dire @ @ @ @ @ @ @ A. Rosenberg David is a global strategist and the chief economists at Gluskin Sheff & Associates .
At one point he was also works with Merrill Lynch as the Chief North American Economists and he is predicting that the damage to the US and the global economy at large will be more than twice of the damage that happened in the 2008 Great Recession .
David is warning that the global GDP will contract by up to 5 percent ; a decline that has never been seen since the Second World War .
@ @ @ @ @ @ @ airline businesses have crashed by more than 50 percent… 5 .
Peter Schiff He is the chief global strategist and the CEO in the Euro Pacific Capital and he is predicting that a great depression in inevitable .
He disagrees with most of the experts who expects the US economy to only suffer during the first quarter of the year .
Schiff is warning that the real GDP will decline by 25 percent and he is also expecting the consumer prices to skyrocket in the near future .
He is warning that the @ @ @ @ @ @ @ the great depression .
According to Schiff , the US economy is a big bubble that has already begun bursting… .

The US economy has experienced a unprecedented economic meltdown in the last two months and there is no doubt that the global economic collapse is finally here with us. Unlike the 2008 Great Recession , the current economic crisis looks uglier because it has been triggered by a global health problem. Millions of people have already lost their jobs and this is the most intense layoff since the great depression. Economists are predicting that the $2 trillion stimulus package will not hold the economic fallout for long. At the same time, experts are warning that if this economic crisis is not addressed promptly, it will culminate to the biggest depression in history. The US economy will soon slip to a deeper financial crisis and here are some of the top economists that are predicting that the US economy is headed to a depression.
In this video we will show you 5 well known economist who say that this recession will turn into the Next Great Depression:
1. Alan Blinder
Alan is one of the top economists in the US and he once served as the Federal Reserve’s vice chairman and he now works as a professor at Princeton. He has warned that the United States is already in a recession already begun in March. Generally, an economic recession is defined as two consecutive quarters of negative economic growth. However, there are sudden factors that can cause a recession like a dramatic increase in unemployment rate. In recent weeks the number of unemployed people in the United States has risen to 3.3 million as businesses suspend their operations. Alan has warned that this is the beginning of a historic economic collapse because things can only get worse from this point..
2. Maury Obstfeld
Maury is the former chief economists who worked with the International Monetary Fund (IMF) and he is warning that the US economy is headed to a depression. He is arguing that the economy is already in a recession and if this economic meltdown continues for the next two months, the US will be officially in a next great depression. Business activities globally have come to an halt and layoffs are surging to record highs and Maury is comparing this to the great depression. This level of business disruption has not been seen for many decades and this economic fallout can only be compared to the great depression. the US is already going through unprecedented economic contraction and disruption of business operations as millions of Americans stay at home. Analysts are predicting that the United States economy is headed towards the worst quarter since the great depression…
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3. Nouriel Roubini
Roubini is warning that with the current health problem which is spiraling out of control, the best economic outcome that we can hope for is an economic collapse that will be deeper than the 2008 global financial crisis. The chances for even worst outcome are increasing every passing day as thousand of business suspends their operations all over. The shock to the global economy is more severe than what we had back in the 2008 economic meltdown. In recent weeks the markets have been plummeting and credits are freezing up and this is being followed by massive bankruptcies as companies fail to coup up with this economic crisis. Companies are going out of business and the annualized GDP is expected to contract with dire financial and microeconomic outcomes…
4. David A. Rosenberg
David is a global strategist and the chief economists at Gluskin Sheff &Associates. At one point he was also works with Merrill Lynch as the Chief North American Economists and he is predicting that the damage to the US and the global economy at large will be more than twice of the damage that happened in the 2008 Great Recession. David is warning that the global GDP will contract by up to 5 percent; a decline that has never been seen since the Second World War. All over the world, restaurants and airline businesses have crashed by more than 50 percent…
5. Peter Schiff
He is the chief global strategist and the CEO in the Euro Pacific Capital and he is predicting that a great depression in inevitable. He disagrees with most of the experts who expects the US economy to only suffer during the first quarter of the year. Schiff is warning that the real GDP will decline by 25 percent and he is also expecting the consumer prices to skyrocket in the near future. He is warning that the coming economic collapse will be greater than the great depression. According to Schiff, the US economy is a big bubble that has already begun bursting….


investmentwatchblog--2020-03-30--Did Pompeo slip and let the truth out?… “We are in a LIVE EXERCISE…”

Is this what we are witnessing here ?
Did Pompeo let this slip out ?
!
What is happening ?

“Military Exercise” is defined as a “SIMULATED military operation”.
Is this what we are witnessing here? Did Pompeo let this slip out?! What is happening?
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h/t Watcher


investmentwatchblog--2020-03-30--Will the Left Back Cuomo for Pres? – Jimmy Dore Says No. Labels Him a “Gangster” & “Mr.1%

Dore is great at coming up with ammunition against mainstream Democratic candidates .
And the MSM is making Gov Cuomo @ @ @ @ @ as Biden fades into the shadows .

Dore is great at coming up with ammunition against mainstream Democratic candidates. And the MSM is making Gov Cuomo the fall back front runner… as Biden fades into the shadows.
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AC


investmentwatchblog--2020-03-30--Chris Martenson: Coronavirus – The Solution Is Becoming Clear

The world has been fighting covid-19 long enough that we are beginning to arrive at some constructive conclusions .
Part of the intense infectiousness of this virus is due to its long asymptomatic phase , where hosts feel fine but are shedding contagious particles .
Increased testing is now showing that the majority of folks testing positive don ’ t realize they ’ re sick .
Research is showing that the recommended social distance of two meters ( 6.8 feet ) is inadequate to protect against airborne particles .
Four times that amount is more likely — reinforcing the effectiveness @ @ @ @ @ @ @ sheltering at home ) and wearing masks .
Peak Prosperity has been loudly banging the # Masks4ALL drum of late , and every day more studies emerge showing it ’ s one of the cheapest and most effective social responses to slowing the spread of the coronavirus .
In addition , while standard surgical/homemade ( non-N95 ) masks do not filter out all virus particles , they do dramatically limit their spread , both in the air and on surfaces .
This is important because this reduces the viral load someone is exposed @ @ @ @ @ @ @ you receive a lower viral load , if you get sick with the virus , your case is likely to be more mild and short-lived .
We are starting to win the war on data with covid-19 and this is leading to smarter practices that will flatten the curve , reduce deaths and get folks back to work .

by Chris Martenson of Peak Prosperity
FULL SHOW NOTES AND LINKS HERE
The world has been fighting covid-19 long enough that we are beginning to arrive at some constructive conclusions.
Part of the intense infectiousness of this virus is due to its long asymptomatic phase, where hosts feel fine but are shedding contagious particles. Increased testing is now showing that the majority of folks testing positive don’t realize they’re sick.
Research is showing that the recommended social distance of two meters (6.8 feet) is inadequate to protect against airborne particles. Four times that amount is more likely — reinforcing the effectiveness of both social isolating tactics (like sheltering at home) and wearing masks.
We are primarily funded by readers. Please subscribe and donate to support us!
Peak Prosperity has been loudly banging the #Masks4ALL drum of late, and every day more studies emerge showing it’s one of the cheapest and most effective social responses to slowing the spread of the coronavirus.
In addition, while standard surgical/homemade (non-N95) masks do not filter out all virus particles, they do dramatically limit their spread, both in the air and on surfaces.
This is important because this reduces the viral load someone is exposed to. Data is showing that if you receive a lower viral load, if you get sick with the virus, your case is likely to be more mild and short-lived.
We are starting to win the war on data with covid-19 and this is leading to smarter practices that will flatten the curve, reduce deaths and get folks back to work.
FULL SHOW NOTES AND LINKS HERE


investmentwatchblog--2020-03-30--Hillary Swings and Misses TWICE While Trying to Attack Trump Over CV Crisis

Nick Arama from Red State reports , Hillary Clinton must be getting antsy in her home because she certainly was @ @ @ @ @ President Donald Trump over the response to the CV on Thursday .
First , she @ @ @ @ @ nurses allegedly at Mt .
Sinai West in New York City allegedly having to wear @ @ @ @ @ their protective gear .

Nick Arama from Red State reports, Hillary Clinton must be getting antsy in her home because she certainly was concentrating on trying to attack President Donald Trump over the response to the CV on Thursday. First, she tweeted out a picture of nurses allegedly at Mt. Sinai West in New York City allegedly having to wear garbage bags as part of their protective gear.
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Read More/Source/Credit/FairUse:
www.redstate.com/nick-arama/2…


investmentwatchblog--2020-03-30--Rashida Tlaib is in PANIC Mode After Realizing She is TOAST in the Next Election

Carmine Sabia from The Western Journal reports , The curtain may be closing for the much-ballyhooed progressive congresswoman from Michigan @ @ @ @ @ Unfortunately , the person who could defeat her is also a Democrat , but in @ @ @ @ @ it could be the best we can get .

Carmine Sabia from The Western Journal reports, The curtain may be closing for the much-ballyhooed progressive congresswoman from Michigan, Rep. Rashida Tlaib. Unfortunately, the person who could defeat her is also a Democrat, but in a heavily Democratic district, it could be the best we can get.
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Read More/Source/Credit/FairUse:
www.westernjournal.com/tlaib-…


investmentwatchblog--2020-03-30--Snowden says COVID-19 will give governments invasive new data-collection powers that could last long

Snowden says COVID-19 will give governments invasive new data-collection powers that could last long after the pandemic

• Edward Snowden said in an interview on Monday that increased surveillance amid the coronavirus outbreak could lead to long-lasting erosion of civil liberties .
• Specifically , he theorized that states might demand access to people ’ s health data — such as their heart rate — from wearables .
• Countries have been rapidly ramping up their surveillance of citizens to study and curb the spread of the virus , ranging from mapping anonymized phone location data to highly invasive powers , like allowing the security services to track people ’ s phones without a warrant .
Edward @ @ @ @ @ @ @ breadth of spying at the US ’ s National Security Agency , has warned that an uptick in surveillance amid the coronavirus crisis could lead to long-lasting effects on civil liberties .
During a video-conference interview for the Copenhagen Documentary Film Festival , Snowden said that , theoretically , new powers introduced by states to combat the coronavirus outbreak could remain in place after the crisis has subsided .
Fear of the virus and its spread could mean governments “ send an order to every fitness tracker that can get something like pulse @ @ @ @ @ @ @ to that data , Snowden said .

Edward Snowden said in an interview on Monday that increased surveillance amid the coronavirus outbreak could lead to long-lasting erosion of civil liberties.
Specifically, he theorized that states might demand access to people’s health data — such as their heart rate — from wearables.
Countries have been rapidly ramping up their surveillance of citizens to study and curb the spread of the virus, ranging from mapping anonymized phone location data to highly invasive powers, like allowing the security services to track people’s phones without a warrant.
Edward Snowden, the man who exposed the breadth of spying at the US’s National Security Agency, has warned that an uptick in surveillance amid the coronavirus crisis could lead to long-lasting effects on civil liberties.
During a video-conference interview for the Copenhagen Documentary Film Festival, Snowden said that, theoretically, new powers introduced by states to combat the coronavirus outbreak could remain in place after the crisis has subsided.
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Fear of the virus and its spread could mean governments “send an order to every fitness tracker that can get something like pulse or heart rate” and demand access to that data, Snowden said.
www.businessinsider.com/edward-snowden-coronavirus-surveillance-new-powers-2020-3?utm_source=reddit.com


investmentwatchblog--2020-03-30--Is Trump Nationalizing the Fed?

Is Trump Nationalizing the Fed?

Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is ( 1 ) nationalizing the Fed , ( 2 ) the Fed ’ s actions are worse than the virus , and ( 3 ) Forbes proclaims that the Trump & the Fed are destroying the dollar .
It is really fascinating how these propositions running around are not only foolish , but the classic myopic view that the world begins at the California shoreline in the Pacific and ends on the beaches of Virginia at the Atlantic .
Oh yes , there @ @ @ @ @ @ @ to the South .
But who pays much attention to them anyhow .
Canadians just come to America for holidays and Americans go to Mexico for a holiday and to eat Tacos .
The Washington Post showed not only its profound bias against Trump , but also its total ignorance of financial history and the Federal Reserve .
They reported : The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus .
Similarly , we need to ask if the @ @ @ @ @ @ @ deeply into corporate bonds , asset-backed securities , commercial paper , and exchange-traded funds is worse than the disease seizing financial markets .
It may be .
If the Washington Post ever bothered to do actual research instead of just promoting their personal political agenda , they might discover that the original design and purpose of the Federal Reserve was to support the economy directly .
They were to buy corporate paper to PREVENT companies who could not borrow when banks were hoarding cash from laying off their employees .
It was Congress @ @ @ @ @ @ @ I and directed them to buy government paper EXCLUSIVELY .
Congress effectively nationalized the Fed a long time ago transforming it into a quasi-government agency .
That much the Washington Post is using to blame Trump .
The Washington Post ’ s slogan is Democracy Dies in Darkness .
So , why are they constantly only pushing their political agenda ?
Are they not keeping the people in the dark ?
They have conveniently forgotten that there was TARP where the government poured a trillion into banks who never lent out the money @ @ @ @ @ @ @ future .
They then turned and pleaded with the Fed to create the Excess Reserve facility .
So , TARP only bailed out the banks but not the economy – hence no inflation .
Already , Excess Reserves are rising again showing that banks are once more NOT lending but hoarding .
Banks will ALWAYS act in their own self-interest .
They are not there to support the economy .
This is the first time the Fed is returning to its original design – direct lending to the economy skipping the banks .
@ @ @ @ @ @ @ look at everything as a way to bash Trump and hurt the country just for their personal political view .
Then we had Forbes Magazine which is trapped by the Quantity Theory of Money and like a fool who keeps sticking their finger in an electric socket and expecting a different result , keep declaring that increasing the supply of money will destroy the dollar .
They even can ’ t figure out why the Euro rallied and of course just blamed Trump .
Instead , they talk to biased crypto people who @ @ @ @ @ @ @ to $ 10 trillion and this results in the headline : Donald Trump And The Fed Are Destroying The U.S. Dollar They had the audacity to claim the rally in the dollar was ONLY short covering .
These people are biased and have no idea of what is happening outside the United States .
It very plain , Trump is NOT nationalizing the Fed .
The Fed was a steady process of nationalizing it since World War I .
For the FIRST time the Fed is departing from Keynesian Economics because it knows @ @ @ @ @ @ @ needs this crisis because it has no power to deal with the economy when the central bank is trapped in negative interest rates .
The ECB is now pushing CoronaBonds , because it can not continue to support the European member states .
Netherlands and Germany are opposed to the idea .
The only way to break the backs of Netherlands and Germany is to propel this crisis as the justification to federalize Europe .
The Euro has rallied BECAUSE capital is being taken home to cover losses everywhere .
These people are @ @ @ @ @ @ @ is all about .
At the WEC in October , we warned we were entering a Liquidity Crisis stemming from the rise in Country Party Risk and this would be a different crisis all together because we faced a Bond Bubble .
What is unfolding should be no surprise .
The markets have been showing this would be the outcome since the Repo Crisis began September 17th , 2019 .
They have also no clue what big money does on a quarterly basis .
I suppose this gives new meaning to the saying @ @ @ @ @

by Martin Armstrong
Here we go with the same old hypothesis over the Quantity Theory of Money that Trump is (1) nationalizing the Fed, (2) the Fed’s actions are worse than the virus, and (3) Forbes proclaims that the Trump & the Fed are destroying the dollar. It is really fascinating how these propositions running around are not only foolish, but the classic myopic view that the world begins at the California shoreline in the Pacific and ends on the beaches of Virginia at the Atlantic. Oh yes, there is Canada to the North and Mexico to the South. But who pays much attention to them anyhow. Canadians just come to America for holidays and Americans go to Mexico for a holiday and to eat Tacos.
The Washington Post showed not only its profound bias against Trump, but also its total ignorance of financial history and the Federal Reserve. They reported:
The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commercial paper, and exchange-traded funds is worse than the disease seizing financial markets. It may be.
If the Washington Post ever bothered to do actual research instead of just promoting their personal political agenda, they might discover that the original design and purpose of the Federal Reserve was to support the economy directly. They were to buy corporate paper to PREVENT companies who could not borrow when banks were hoarding cash from laying off their employees. It was Congress that usurped the Fed for World War I and directed them to buy government paper EXCLUSIVELY. Congress effectively nationalized the Fed a long time ago transforming it into a quasi-government agency. That much the Washington Post is using to blame Trump.
The Washington Post’s slogan is Democracy Dies in Darkness. So, why are they constantly only pushing their political agenda? Are they not keeping the people in the dark?
We are primarily funded by readers. Please subscribe and donate to support us!
They have conveniently forgotten that there was TARP where the government poured a trillion into banks who never lent out the money because they had no confidence in the future. They then turned and pleaded with the Fed to create the Excess Reserve facility. So, TARP only bailed out the banks but not the economy – hence no inflation. Already, Excess Reserves are rising again showing that banks are once more NOT lending but hoarding. Banks will ALWAYS act in their own self-interest. They are not there to support the economy.
This is the first time the Fed is returning to its original design – direct lending to the economy skipping the banks. The Washington Post is clueless because they look at everything as a way to bash Trump and hurt the country just for their personal political view.
Then we had Forbes Magazine which is trapped by the Quantity Theory of Money and like a fool who keeps sticking their finger in an electric socket and expecting a different result, keep declaring that increasing the supply of money will destroy the dollar. They even can’t figure out why the Euro rallied and of course just blamed Trump. Instead, they talk to biased crypto people who proclaim the Fed balance sheet will rise to $10 trillion and this results in the headline:
Donald Trump And The Fed Are Destroying The U.S. Dollar
They had the audacity to claim the rally in the dollar was ONLY short covering. These people are biased and have no idea of what is happening outside the United States. It very plain, Trump is NOT nationalizing the Fed. The Fed was a steady process of nationalizing it since World War I. For the FIRST time the Fed is departing from Keynesian Economics because it knows that won’t work. Europe needs this crisis because it has no power to deal with the economy when the central bank is trapped in negative interest rates. The ECB is now pushing CoronaBonds, because it cannot continue to support the European member states. Netherlands and Germany are opposed to the idea. The only way to break the backs of Netherlands and Germany is to propel this crisis as the justification to federalize Europe.
The Euro has rallied BECAUSE capital is being taken home to cover losses everywhere. These people are obviously ignorant of what a LIQUIDITY CRISIS is all about. At the WEC in October, we warned we were entering a Liquidity Crisis stemming from the rise in Country Party Risk and this would be a different crisis all together because we faced a Bond Bubble. What is unfolding should be no surprise. The markets have been showing this would be the outcome since the Repo Crisis began September 17th, 2019. They have also no clue what big money does on a quarterly basis. I suppose this gives new meaning to the saying: Ignorance is Bliss!


investmentwatchblog--2020-03-30--Whistleblowers silenced by China could have stopped global coronavirus spread. Will China EVER be he

Whistleblowers silenced by China could have stopped global coronavirus spread. Will China EVER be held accountable?

Mid-November in Wuhan , China , and cases of a strange new flu start surfacing .
In a sprawling city @ @ @ @ @ the coronavirus , our invisible brutal enemy was born – festering at least a month @ @ @ @ @ world was told .
In January President Xi Jinping made a decision that would ultimately @ @ @ @ @ 5 million people to leave the epicentre of the virus without being screened .
Wuhan @ @ @ @ @ to 100,000 people are DEAD , with at least 1.21 Million Infections .
“ Wuhan @ @ @ @ @ 42,000 people in the city alone , more than ten times the national figure claimed @ @ @ @ @ killer bug , which originated in Wuhan in China ’ s Hubei Province has claimed @ @ @ @ @ and infected more than 81,000 .
Of those , 3,182 deaths were reported in Hubei @ @ @ @ @ Wuhan claim 500 urns have been handed out to grieving families every day from seven @ @ @ @ @ the city .
”

Mid-November in Wuhan, China, and cases of a strange new flu start surfacing. In a sprawling city of 11 million people, the coronavirus, our invisible brutal enemy was born – festering at least a month and a half before the world was told. In January President Xi Jinping made a decision that would ultimately condemn the world: allowing 5 million people to leave the epicentre of the virus without being screened.
Wuhan Survivors claim that between 42,000 to 100,000 people are DEAD, with at least 1.21 Million Infections.
“Wuhan locals claim coronavirus has killed 42,000 people in the city alone, more than ten times the national figure claimed by Chinese authorities.
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The killer bug, which originated in Wuhan in China’s Hubei Province has claimed the lives of 3,300 people and infected more than 81,000.
Of those, 3,182 deaths were reported in Hubei Province.
But residents in Wuhan claim 500 urns have been handed out to grieving families every day from seven separate funeral homes all serving the city.”


investmentwatchblog--2020-03-30--Why Flattening the Curve is Overrated

Why Flattening the Curve is Overrated

COMMENT : Hey , Martin .
Thanks for your models and the key insights .
My wife , who is an ER nurse , came across this article recently .
She read about 90 % out loud to me as she believes , based upon her medical knowledge and overall disgust with the hysteria around COVID-19 , that this post gives some great perspective on the virus and its economic impact .
It ’ s worth a read , and perhaps a repost to your blog : REPLY : This entire affair has become a war against Trump .
It @ @ @ @ @ @ @ is it about what is best for the country .
A recent piece in the New York Times talked about Liberty University ’ s spring break would be over and its president , Jerry Falwell Jr. , spoke with the physician who runs Liberty ’ s student health service .
Dr , Eppes replied : “ We ’ ve lost the ability to corral this thing.
” He did not urge Falwell to close the school .
“ I just am not going to be so presumptuous as to say , ‘ This @ @ @ @ @ @ @ is what you shouldn ’ t do.
’ ” The New York Time then reports that Mr. Falwell is a “ staunch ally of President Trump and an influential voice in the evangelical world.
” When anyone disagrees with the panic they are being deliberately mocked .
The media is in full swing to take down Trump .
Anyone who dares to disagree with their position to shut down the world economy is being blocked as Twitter has done with the President of Brazil who was urging people to return to work .
@ @ @ @ @ @ @ .
Freedom of speech is suppressed and anyone who dares to disagree with the left is isolated , hated , and mocked .
The world these people are creating will be very dark indeed .
They are encouraging civil war at every turn .
People can not be locked down .
Already people are starting to rob stores , break-in and looting food in Italy , and we are just getting started .
In England , you are only allowed outside your house once .
Neighbors are encouraged to report on each other @ @ @ @ @ @ @ Wall .
One of our readers who lives in a wealthy suburb of London reports that a neighbor ’ s house where they are not there has been looted three times .
The police finally arrive two days after the third time and said bad luck .
What the press is doing to society this time around just to defeat Trump and right is not only casting us into a new age of totalitarianism , but we are not coming out of this in any possible way where it will be a return @ @ @ @ @ @ @ is aiding and abetting the overthrow of democracy all to desperately change the balance of power .
Many people didn ’ t like the forecast that China would supplant the United States as the next financial capital of the world .
Some emails were outright nasty .
I do not think it takes that much imagination to see why Socrates will be correct .
The West is committing economic suicide .
Asia is returning to normal as quickly as possible .
We are engulfed in the collapse of socialism and governments conspiring to @ @ @ @ @ @ @ including cryptocurrencies , and force everyone into their digital currencies to ensure 100 % control of our financial lives .

by Martin Armstrong
COMMENT: Hey, Martin.
Thanks for your models and the key insights. My wife, who is an ER nurse, came across this article recently. She read about 90% out loud to me as she believes, based upon her medical knowledge and overall disgust with the hysteria around COVID-19, that this post gives some great perspective on the virus and its economic impact. It’s worth a read, and perhaps a repost to your blog:
PT
REPLY: This entire affair has become a war against Trump. It is no longer about the virus nor is it about what is best for the country. A recent piece in the New York Times talked about Liberty University’s spring break would be over and its president, Jerry Falwell Jr., spoke with the physician who runs Liberty’s student health service. Dr, Eppes replied: “We’ve lost the ability to corral this thing.” He did not urge Falwell to close the school. “I just am not going to be so presumptuous as to say, ‘This is what you should do and this is what you shouldn’t do.’”
The New York Time then reports that Mr. Falwell is a “staunch ally of President Trump and an influential voice in the evangelical world.” When anyone disagrees with the panic they are being deliberately mocked. The media is in full swing to take down Trump. Anyone who dares to disagree with their position to shut down the world economy is being blocked as Twitter has done with the President of Brazil who was urging people to return to work.
We are primarily funded by readers. Please subscribe and donate to support us!
This is becoming an all out coup. Freedom of speech is suppressed and anyone who dares to disagree with the left is isolated, hated, and mocked. The world these people are creating will be very dark indeed. They are encouraging civil war at every turn. People cannot be locked down. Already people are starting to rob stores, break-in and looting food in Italy, and we are just getting started.
In England, you are only allowed outside your house once. Neighbors are encouraged to report on each other exactly as they did behind the Berlin Wall. One of our readers who lives in a wealthy suburb of London reports that a neighbor’s house where they are not there has been looted three times. The police finally arrive two days after the third time and said bad luck.
What the press is doing to society this time around just to defeat Trump and right is not only casting us into a new age of totalitarianism, but we are not coming out of this in any possible way where it will be a return to business as usual. The press is aiding and abetting the overthrow of democracy all to desperately change the balance of power.
Many people didn’t like the forecast that China would supplant the United States as the next financial capital of the world. Some emails were outright nasty. I do not think it takes that much imagination to see why Socrates will be correct. The West is committing economic suicide. Asia is returning to normal as quickly as possible. We are engulfed in the collapse of socialism and governments conspiring to eliminate paper currencies, seize all assets including cryptocurrencies, and force everyone into their digital currencies to ensure 100% control of our financial lives.