investmentwatchblog--2020-03-24--Chase refuses to offer any assistance for Mortgage customers.

Im in Michigan , where they just announced a 3 week stay at home order , and my job is not considered essential .
Like the title says .
I called Chase , who I ’ ve banked with for over a decade and refinanced my Mortgage with in 2017 , to find out about deferred Mortgage payments , as several of my Friends have said they ’ ve done successfully with their Bank .
All Chase is offering is to not report to my credit for the next 90 days if I have late payments .
Nearly every other @ @ @ @ @ @ @ their customers due to the ongoing COVID-19 .
Am I missing something here ?
They did say I could apply for a Mortgage hardship program , and “ see if an investor will allow a change ” .
However , I don ’ t think people should be having to do this at this time .
I ’ m especially frustrated because I ’ ve talked to several people who told me they simply had to call their bank and the bank , understanding the situation , took care of them .
I @ @ @ @ @ @ @ , most everyone will be impacted in their ability to make mortgage payments .
Just to be clear , so no one misunderstands , I ’ m ( we ’ re ) not asking to just skip payments , but simply push them back to the end of the loan .
From people that I ’ ve talked to , and articles I ’ ve read , this shouldn ’ t be this difficult .
If this is not the appropriate place to post something like this please let me know .
Chase @ @ @ @ @ @ @ people saying the same things .
Disclaimer : This is a guest post and it doesn ’ t represent the views of IWB .

by Pil3_Up
Im in Michigan, where they just announced a 3 week stay at home order, and my job is not considered essential.
Like the title says. I called Chase, who I’ve banked with for over a decade and refinanced my Mortgage with in 2017, to find out about deferred Mortgage payments, as several of my Friends have said they’ve done successfully with their Bank. All Chase is offering is to not report to my credit for the next 90 days if I have late payments. Nearly every other major mortgage provider is deferring payments for their customers due to the ongoing COVID-19. Am I missing something here? They did say I could apply for a Mortgage hardship program, and “see if an investor will allow a change”. However, I don’t think people should be having to do this at this time. I’m especially frustrated because I’ve talked to several people who told me they simply had to call their bank and the bank, understanding the situation, took care of them. I’m not in a unique situation, most everyone will be impacted in their ability to make mortgage payments.
Just to be clear, so no one misunderstands, I’m (we’re) not asking to just skip payments, but simply push them back to the end of the loan. From people that I’ve talked to, and articles I’ve read, this shouldn’t be this difficult.
We are primarily funded by readers. Please subscribe and donate to support us!
If this is not the appropriate place to post something like this please let me know.
Chase’s facebook page is flooded with people saying the same things.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-03-24--Are YOU wondering why “LIQUIDITY” is such a big deal?

Are YOU wondering why “ LIQUIDITY ” is such a big deal ?
I explain in 1 simple/fast step !
@ @ @

Are YOU wondering why “LIQUIDITY” is such a big deal? I explain in 1 simple/fast step!! 😉👇 pic.twitter.com/ALEdeGFCMR
— George Gammon (@GeorgeGammon) March 23, 2020


investmentwatchblog--2020-03-24--This is a very important message. As why you need to isolate yourself.

This is a very important message .
As why you need to isolate yourself .
100 Million Americans have Diabetes/Pre-diabetes @ @ @ @ @ .
12.1 % Americans have heart disease , 30+ million .
~50 % U.S. adults @ @ @ @ @ disease.t.co/pQqoJOGcBe

This is a very important message. As why you need to isolate yourself.
100 Million Americans have Diabetes/Pre-diabetes. 30+ Million have obesity. 12.1% Americans have heart disease, 30+ million. ~50% U.S. adults have some type of cardiovascular disease.t.co/pQqoJOGcBe
— Dr. Faris Durmo MD., BSc. (@Dr_FarrisD) March 23, 2020


investmentwatchblog--2020-03-24--Here comes first of many High Yield defaults… Junk bond default rate to triple within 12 months, S&P

Here comes first of many High Yield defaults… Junk bond default rate to triple within 12 months, S&P says

$HYG $JNK $BKLN $LQD
Junk bond default rate to triple within 12 months, S&P says – CNBC
*S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed 2019.t.co/ORMzAlVgV6 — Win Smart, CFA (@WinfieldSmart) March 23, 2020
Citigroup and Deutsche Bank are stuck with billions of dollars of debt backed by MGM Grand and Mandalay Bay properties in Las Vegas t.co/tU0AD6oyKt — Bloomberg Markets (@markets) March 23, 2020
The #Fed is tackling the financial crisis but we’re not on top of the health, the economics or the jobs crisis yet. On @TheLeadCNN w/ @JakeTapper discussing economic peril faced by Americans, esp if this $2 trillion survival bill isn't passed ASAP. pic.twitter.com/G8h97HDnrl — Julia Chatterley (@jchatterleyCNN) March 23, 2020
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are demanding that managers of collateralized loan obligations put up more cash to finance the deals after prices on the underlying corporate debt went into a freefall How quickly things change@business — Danielle DiMartino Booth (@DiMartinoBooth) March 23, 2020


investmentwatchblog--2020-03-24--NEVER LET A PANDEMIC GO TO WASTE

NEVER LET A PANDEMIC GO TO WASTE

New Totalitarian Pandemic Power-Grab Idea : Permanently Close Some City Streets to Cars .
These past few weeks have been @ @ @ @ @ attempts at crisis-induced power grabs by politicians , which isn ’ t historically unusual .
@ @ @ @ @ of thing that calls or extraordinary measures but politicians almost ( I ’ m being @ @ @ @ @ to get a little too extraordinary with their responses .
It is almost as if @ @ @ @ @ try and take a mile every time a frightened public offers them an inch .
@ @ @ @ @ problem .
The September 11th attacks did prompt a Republican president to create the Dept @ @ @ @ @ all , a fact that still makes conservatives cringe to this day .

New Totalitarian Pandemic Power-Grab Idea: Permanently Close Some City Streets to Cars.
These past few weeks have been far too filled with various attempts at crisis-induced power grabs by politicians, which isn’t historically unusual. A pandemic is the kind of thing that calls or extraordinary measures but politicians almost (I’m being generous there) always try to get a little too extraordinary with their responses. It is almost as if they are genetically coded to try and take a mile every time a frightened public offers them an inch.
This is a truly bipartisan problem. The September 11th attacks did prompt a Republican president to create the Dept. of Homeland Security after all, a fact that still makes conservatives cringe to this day.


Spend! Spend! Spend!

The weekend just passed was one which saw one of the economic dams of our time creak and then look like it had broken .
This was due to the announcements coming out of Germany which as regular readers will be aware has a debt brake and had been planning for a fiscal surplus .
Actually the economic slow down in 2019 caused by the trade war was pulling it back towards fiscal balance and what it taking place right now would have caused a deficit anyway .
But now it seems that the emergency clause above is being activated @ @ @ @ @ @ @ worth more than 150 billion euros ( $ 160 billion ) to shore up jobs and businesses at risk from the economic impact of the coronavirus outbreak , the finance minister said on Saturday .
Government sources told Reuters hundreds of billions in additional backing for the private sector would be raised , as Finance Minister Olaf Scholz said a ceiling on new government debt enshrined in the country ’ s constitution would be suspended due to the exceptional circumstances .
Putting that into context it is around 5 % of Germany ’ @ @ @ @ @ @ @ stating the numbers like that because we have little idea of current GDP other than the fact there will be a sizeable drop .
It then emerged that there was more to the package .
As you can see we end up with intervention on a grand scale with the total being over 22 % of last year ’ s economic output or GDP .
This will lead to quite a change in the national debt dynamics which looked on their way to qualifying under the Stability and Growth Pact or Maastricht rules @ @ @ @ @ @ @ % of GDP at the end of the third quarter of last year which now looks a case of so near and so far .
There were times when such an audacious fiscal move would have the bond market creaking and yields rising .
In fact the ten-year yield has dropped slightly this morning to -0.37 % .
Indeed even the thirty-year yield is at -0.01 % so Germany is either being paid to borrow or is paying effectively nothing .
This is being driven by the purchases of the ECB or European @ @ @ @ @ @ @ not to have updated its pages then by my maths we will be seeing around 30 billion Euros per month of German purchases .
Also let me remind you that the risk is not quite what you might think .
The situation gets more complex as we note Isabel Schnabel of the ECB Governing Council put this out on social media over the weekend .
That will be particularly welcomed by Italy as other ECB policy makers try to undo the damage created by the “ bond spreads ” comment of President Lagarde @ @ @ @ @ @ @ of the risk will be with the Bank of Italy .
Also as a German she did a bit of cheer leading for her home country .
Some might think she has quite a cheek on the indifference point as that is exactly how countries like Greece described Germany .
Still I also think the ECB has plenty of tools but maybe not from the same perspective .
It was only last Thursday that I was pointing out that I expected QE to go even more viral and last night it arrived at @ @ @ @ @ @ @ the more isolated countries .
You can almost hear the cries of “ The Precious !
The Precious !
” Which follows on from this last week .
This reminds me of one of my themes from back in the day that bank capital requirement changes were delayed almost hoping for something to turn up .
Albeit of course they had no idea a pandemic would occur .
Let us move on noting for reference purposes that the ten-year All Black yield is 1.46 % .
There are some extraordinary numbers on the @ @ @ @ @ @ @ they just keep coming .
At the moment we know something is coming but not the exact size as debate is ongoing in Congress but we can set some benchmarks .
The headline today for those unaware was from Viv Nicholson back in the day after her husband had won the pools .
But we see something of a torrent of fiscal action on its way oiled by an extraordinary amount of sovereign bond buying by central banks .
For example the Bank of England will buy an extra £5.1 billion today in @ @ @ @ @ @ @ holdings of a matured bond .
On the other side of the coin is the scale of the economic contraction ahead .
Below are the numbers for the German IFO which we can compare with the fiscal response above albeit that I suggest we treat them as a broad brush .

by Shaun Richards
The weekend just passed was one which saw one of the economic dams of our time creak and then look like it had broken. This was due to the announcements coming out of Germany which as regular readers will be aware has a debt brake and had been planning for a fiscal surplus.
Under Germany’s so-called debt brake rule, Berlin is allowed to take on new debt of no more than 0.35% of economic output, unless the country is hit by a natural disaster or other emergencies. ( Reuters)
Actually the economic slow down in 2019 caused by the trade war was pulling it back towards fiscal balance and what it taking place right now would have caused a deficit anyway. But now it seems that the emergency clause above is being activated.
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses at risk from the economic impact of the coronavirus outbreak, the finance minister said on Saturday. Government sources told Reuters hundreds of billions in additional backing for the private sector would be raised, as Finance Minister Olaf Scholz said a ceiling on new government debt enshrined in the country’s constitution would be suspended due to the exceptional circumstances.
Putting that into context it is around 5% of Germany’s GDP in 2019 and I am stating the numbers like that because we have little idea of current GDP other than the fact there will be a sizeable drop. It then emerged that there was more to the package.
According to senior officials and a draft law seen by Reuters, the package will include a supplementary government budget of 156 billion euros, 100 billion euros for an economic stability fund that can take direct equity stakes in companies, and 100 billion euros in credit to public-sector development bank KfW for loans to struggling businesses. On top of that, the stability fund will offer 400 billion euros in loan guarantees to secure corporate debt at risk of defaulting, taking the volume of the overall package to more than 750 billion euros.
As you can see we end up with intervention on a grand scale with the total being over 22% of last year’s economic output or GDP. This will lead to quite a change in the national debt dynamics which looked on their way to qualifying under the Stability and Growth Pact or Maastricht rules. This is because it was 61.2% of GDP at the end of the third quarter of last year which now looks a case of so near and so far.
Bond Market
There were times when such an audacious fiscal move would have the bond market creaking and yields rising. In fact the ten-year yield has dropped slightly this morning to -0.37%. Indeed even the thirty-year yield is at -0.01% so Germany is either being paid to borrow or is paying effectively nothing.
This is being driven by the purchases of the ECB or European Central Bank and as the Bundesbank seems not to have updated its pages then by my maths we will be seeing around 30 billion Euros per month of German purchases. Also let me remind you that the risk is not quite what you might think.
This implies that 20% of the asset purchases under the PSPP will continue to be subject to a regime of risk sharing, while 80% of the purchases will be excluded from risk sharing. ( Bundesbank)
The situation gets more complex as we note Isabel Schnabel of the ECB Governing Council put this out on social media over the weekend.
The capital key remains the benchmark for sovereign bond purchases, but flexibility is needed in order to tackle the situation appropriately.
That will be particularly welcomed by Italy as other ECB policy makers try to undo the damage created by the “bond spreads” comment of President Lagarde. Although you may note that most of the risk will be with the Bank of Italy.
Also as a German she did a bit of cheer leading for her home country.
The success of our measures hinges on what happens in fiscal policy. This is a European issue which needs a European solution. No country can be indifferent to what happens in another European country – not only because of solidarity, but also for economic reasons.
Some might think she has quite a cheek on the indifference point as that is exactly how countries like Greece described Germany. Still I also think the ECB has plenty of tools but maybe not from the same perspective.
The ECB is in the comfortable position of having a large set of tools, none of which has been used to its full extent
QE
We are primarily funded by readers. Please subscribe and donate to support us!
It was only last Thursday that I was pointing out that I expected QE to go even more viral and last night it arrived at what is in geographical terms one of the more isolated countries.
The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds……..The Committee has decided to implement a LSAP programme of New Zealand government bonds. The programme will purchase up to $30 billion of New Zealand government bonds, across a range of maturities, in the secondary market over the next 12 months. The programme aims to provide further support to the economy, build confidence, and keep interest rates on government bonds low.
You can almost hear the cries of “The Precious! The Precious!”
Heightened risk aversion has caused a rise in interest rates on long-term New Zealand government bonds and the cost of bank funding.
Which follows on from this last week.
“To support credit availability, the Bank has decided to delay the start date of increased capital requirements for banks by 12 months – to 1 July 2021. Should conditions warrant it next year, the Reserve Bank will consider whether further delays are necessary.”
This reminds me of one of my themes from back in the day that bank capital requirement changes were delayed almost hoping for something to turn up. Albeit of course they had no idea a pandemic would occur.
Let us move on noting for reference purposes that the ten-year All Black yield is 1.46%.
The US
There are some extraordinary numbers on the way here according to CNBC.
Administration statements over the past few days point to something of the order of $2 trillion in economic juice. By contrast, then-President Barack Obama ushered an $831 billion package through during the financial crisis.
Indeed they just keep coming.
That type of fiscal burden comes as the government already has chalked up $624.5 billion in red ink through just the first five months of the fiscal year, which started in October. That spending pace extrapolated through the full fiscal year would lead to a $1.5 trillion deficit, and that’s aside from any of the spending to combat the corona virus.
At the moment we know something is coming but not the exact size as debate is ongoing in Congress but we can set some benchmarks.
A $2 trillion deficit, which seems conservative given the current scenario, would push deficit to GDP to 9.4%. A $3 trillion shortfall, which seems like not much of a stretch, would take the level to 14%.
Comment
The headline today for those unaware was from Viv Nicholson back in the day after her husband had won the pools. But we see something of a torrent of fiscal action on its way oiled by an extraordinary amount of sovereign bond buying by central banks. For example the Bank of England will buy an extra £5.1 billion today in addition to its ongoing replacement of its holdings of a matured bond.
On the other side of the coin is the scale of the economic contraction ahead. Below are the numbers for the German IFO which we can compare with the fiscal response above albeit that I suggest we treat them as a broad brush.
“If the economy comes to a standstill for two months, costs can range from 255 to 495 billion euros, depending on the scenario. Economic output then shrinks by 7.2 to 11.2 percentage points a year, ”says Fuest. In the best scenario, it is assumed that economic output will drop to 59.6 percent for two months, recover to 79.8 percent in the third month and finally reach 100 percent again in the fourth month. “With three months of partial closure, the costs already reach 354 to 729 billion euros, which is a 10.0 to 20.6 percentage point loss in growth,” says Fuest.
Podcast


investmentwatchblog--2020-03-24--Not Even China Can Save Oil Markets This Time Around

Despite still sluggish oil demand , China is expected to continue to build its strategic and commercial crude oil reserves with ultra-cheap oil , but this time around the rate of filling storage would be lower than in previous years , lending less support to oil prices in the current double demand-supply shock , Wood Mackenzie said on Monday .
China will continue to import crude oil for its commercial and strategic reserves , at a pace of up to 300,000 bpd between March and December this year , Wood Mackenzie senior consultant Lei Sun said in a statement .
@ @ @ @ @ @ @ , is less than half of the fill rate of the previous two years , therefore , Chinese stockpiling on the cheapest oil in years may not be as supportive to oil prices as it was in the past , Sun said .
The key reason—limits to storage capacity , which is expected to reach a utilization rate of 90 percent this year , according to WoodMac ’ s expert .
China could build a crude oil reserve of commercial and strategic stocks of as much as 1.15 billion barrels in 2020 , @ @ @ @ @ @ @ , Wood Mackenzie ’ analysis showed on Monday .
China ’ s crude oil imports for refining and storage are seen at 9.5 million bpd this year , down by around 5 percent compared to the 10-million-bpd of imports last year .
One reason is the filling capacity for storing crude , and the other is the still tepid fuel demand , with Chinese refinery runs expected to be lower this year compared to last year .
“ Weak demand and disruption caused by COVID-19 have caused China ’ s crude runs to @ @ @ @ @ @ @ this year , leading to storage inventory build-up , ” WoodMac said .
Strained storage capacity could further weigh on already depressed oil prices .
Global oil storage may soon be filled up , analysts warned last week , saying that at $ 20 a barrel , we may have not seen the bottom of oil prices yet .
If storage overflows , oil may drop to $ 10 per barrel .

By Tsvetana Paraskova
Despite still sluggish oil demand, China is expected to continue to build its strategic and commercial crude oil reserves with ultra-cheap oil, but this time around the rate of filling storage would be lower than in previous years, lending less support to oil prices in the current double demand-supply shock, Wood Mackenzie said on Monday.
China will continue to import crude oil for its commercial and strategic reserves, at a pace of up to 300,000 bpd between March and December this year, Wood Mackenzie senior consultant Lei Sun said in a statement. This rate of filling reserves, however, is less than half of the fill rate of the previous two years, therefore, Chinese stockpiling on the cheapest oil in years may not be as supportive to oil prices as it was in the past, Sun said.
The key reason—limits to storage capacity, which is expected to reach a utilization rate of 90 percent this year, according to WoodMac’s expert.
China could build a crude oil reserve of commercial and strategic stocks of as much as 1.15 billion barrels in 2020, equivalent to 83 days of oil demand, Wood Mackenzie’ analysis showed on Monday.
We are primarily funded by readers. Please subscribe and donate to support us!
China’s crude oil imports for refining and storage are seen at 9.5 million bpd this year, down by around 5 percent compared to the 10-million-bpd of imports last year. One reason is the filling capacity for storing crude, and the other is the still tepid fuel demand, with Chinese refinery runs expected to be lower this year compared to last year.
“Weak demand and disruption caused by COVID-19 have caused China’s crude runs to drop by 3.1 million b/d in February this year, leading to storage inventory build-up,” WoodMac said.
Strained storage capacity could further weigh on already depressed oil prices. Global oil storage may soon be filled up, analysts warned last week, saying that at $20 a barrel, we may have not seen the bottom of oil prices yet. If storage overflows, oil may drop to $10 per barrel.
By Tsvetana Paraskova for Oilprice.com


investmentwatchblog--2020-03-24--“Congratulations on Epidemic in the US!” – Banner at China Restaurant Cheers Spread of Coronavirus i

“Congratulations on Epidemic in the US!” – Banner at China Restaurant Cheers Spread of Coronavirus in US and Japan

US liberals and the WHO have been crying about how racist the US and Trump are for calling COVID-19 the @ @ @ @ @ “ Wuhan Flu.
” Well here is a sign on a restaurant in China advertising @ @ @ @ @ coronavirus is in US and Japan .
In fact they want it there for a @ @ @ @ @ restaurant in # CCP ruled # China says : “ Congratulations on the # epidemic @ @ @ @ @ wish the epidemic in dwarf Japan will last forever and ever !
” What do @ @ @ @ @ it anti-humanity .
Do these kinds of people have the right to protest again “ @ @ @ @ @

US liberals and the WHO have been crying about how racist the US and Trump are for calling COVID-19 the “Chinese Coronavirus” or “Wuhan Flu.”
Well here is a sign on a restaurant in China advertising how happy they are that coronavirus is in US and Japan.
In fact they want it there for a long time!
Jennifer Zeng 曾錚
@jenniferatntd
We are primarily funded by readers. Please subscribe and donate to support us!
Banner at restaurant in #CCP ruled #China says: “Congratulations on the #epidemic in the US! We wish the epidemic in dwarf Japan will last forever and ever!”
What do you think? I call it anti-humanity. Do these kinds of people have the right to protest again “racism”? #CCPVirus
Banner at restaurant in #CCP ruled #China says: "Congratulations on the #epidemic in the US! We wish the epidemic in dwarf Japan will last forever and ever!"
What do you think? I call it anti-humanity. Do these kinds of people have the right to protest again "racism"? #CCPVirus pic.twitter.com/N6dODztUI8 — Jennifer Zeng 曾錚 (@jenniferatntd) March 23, 2020
Banner at restaurant in #CCP ruled #China says: "Congratulations on the #epidemic in the US! We wish the epidemic in dwarf Japan will last forever and ever!"
What do you think? I call it anti-humanity. Do these kinds of people have the right to protest again "racism"? #CCPVirus pic.twitter.com/N6dODztUI8 — Jennifer Zeng 曾錚 (@jenniferatntd) March 23, 2020
h/t CrsCrpr


investmentwatchblog--2020-03-24--World’s Richest Have Lost Over $1 Trillion In Stock Market Crash

The old adage “ the rich keep getting richer ” no longer holds true .
The rarefied world of the extravagantly wealthy has lately come under serious assault with the billionaires club seeing its fortunes rapidly shrink in the ongoing stock market rout .
About ten days ago , South China Morning Post reported that the world ’ s 500 richest people had collectively lost $ 950 billion in the stock markets since the beginning of the year .
The stock selloff has accelerated since then with the MSCI World Index–a market-cap-weighted stock market index of 1,644 stocks from companies @ @ @ @ @ @ @ or about 15 percent of its value .
This implies losses by the billionaires have likely now crossed the $ 1 trillion mark .
It also means the world now has only one centibillionaire , Jeff Bezos , after Bill Gates and the club ’ s latest entrant , Bernard Arnault , saw their fortunes slip below the $ 100-billion mark .
Arnault , chairman of French luxury goods titan LVMH Moët Hennessy Louis Vuitton SE , became the world ’ s third centibillionaire after LVMH stock climbed nearly 40 percent in 2019 @ @ @ @ @ @ @ the year-to-date .
Warren Buffett was the biggest victim of the rout , with the Oracle of Omaha seeing his net worth drop by $ 9.6 billion to $ 66.4 billion after Berkshire Hathaway ( NYSE : BRK.A ) Class A shares dropped 8.6 percent on Wednesday alone .
BRK.A shares are down a whopping 25 percent in the year-to-date with the vehicle ’ s top holdings Delta Airlines ( NYSE : DAL ) and American Airlines ( NYSE : AAL ) down 63.5 percent and 63.8 percent YTD , respectively .
Airline @ @ @ @ @ @ @ governments everywhere urge citizens to keep travelling to a minimum while others have placed an outright ban on international travel .
Many large U.S. airlines spent most of their free cash flow on share buybacks over the past decade in a bid to goose their earnings even as profits soared .
Unfortunately , this left them exposed with many facing bankruptcy in lieu of a government bailout .
Facebook Inc. ’ s ( NASDAQ : FB ) Mark Zuckerberg has taken a $ 6.8 billion hit in the stock markets , after FB @ @ @ @ @ @ @ about lower ad revenues from retail , travel and recreation clients .
Related : April Could Be Worst Month Ever For Oil Zuckerberg ’ s net worth has now shrunk to $ 55.7 billion though he seems to be taking it on the chin after Facebook announced a $ 100 million grant for small businesses impacted by the coronavirus pandemic .
After a bright start to the year , Microsoft Inc. ( NASDAQ : MSFT ) has not been spared the latest bloodbath with the stock dropping nearly 14 percent over the past @ @ @ @ @ @ @ and Steve Ballmer ’ s net worth $ 6.6 billion and $ 5.7 billion , respectively .
Gates ’ net worth of $ 96.3 billion still places him as the world ’ s second-richest person , a position he had previously ceded to Bernard Arnault .
Meanwhile , Arnault ’ s riches have shrunk to $ 80.7 billion after LVMH ’ s poor stock performance .
Amazon Inc. ( NASDAQ : AMZN ) relatively tame -0.14 percent YTD return means that Jeff Bezos has lost far less than most of his super-rich peers @ @ @ @ @ @ @ $ 113.9 billion .
Tesla Inc. ( NASDAQ : TSLA ) CEO , Elon Musk , however , has not been so lucky .
After previously dismissing the coronavirus panic as “ dumb , ” Musk has been forced to eat humble pie after Tesla was deemed “ not an essential business ” by the sheriff ’ s department and forced to close both its Fremont , California , and Buffalo , New York , factory factories where it assembles EVs .
Musk , however , has pledged to make ventilators if there @ @ @ @ @ @ @ Ford .
The Trump administration has already handed the three automakers the green-light to make ventilators and other metal products .
Whereas retooling an auto assembly line could be a tough call , the auto companies do have 3D printers for components ; Tyvek suits used in paint shops that could be repurposed as well as “ clean rooms ” in other plants that could meet FDA standards .
The US stock market has gone into a tailspin over the past two weeks as the COVID-19 pandemic continues to wreak havoc everywhere with @ @ @ @ @ @ @ million people .
Meanwhile , a much-anticipated government bailout failed to materialize after the senate failed to advance a third economic stimulus package meant to help the American economy weather the coronavirus pandemic .
Hot on the heels of passing an $ 8.5 billion bill , congressional lawmakers proposed yet another coronavirus “ rescue ” package dubbed The Families First Coronavirus Response Act ( FFCRA ) with a running price tag of $ 1.5 to $ 2 trillion .
Although the bill passed with overwhelming support in the House of Representatives , the @ @ @ @ @ @ @ Republican senators are currently self-quarantining .
Senator Rand Paul has already tested positive for the disease while another four senators have self-quarantined after possible exposure .
Any further delays in passing the bill could mean an extended stocks selloff–and more misery for the billionaires .

By Safehaven.com
The old adage “the rich keep getting richer” no longer holds true. The rarefied world of the extravagantly wealthy has lately come under serious assault with the billionaires club seeing its fortunes rapidly shrink in the ongoing stock market rout. About ten days ago, South China Morning Post reported that the world’s 500 richest people had collectively lost $950 billion in the stock markets since the beginning of the year.
The stock selloff has accelerated since then with the MSCI World Index–a market-cap-weighted stock market index of 1,644 stocks from companies across the globe–dropping another 320 points, or about 15 percent of its value. This implies losses by the billionaires have likely now crossed the $1 trillion mark.
It also means the world now has only one centibillionaire, Jeff Bezos, after Bill Gates and the club’s latest entrant, Bernard Arnault, saw their fortunes slip below the $100-billion mark. Arnault, chairman of French luxury goods titan LVMH Moët Hennessy Louis Vuitton SE, became the world’s third centibillionaire after LVMH stock climbed nearly 40 percent in 2019. LVMH is down 27.7 percent in the year-to-date.
Source: MSCI
Warren Buffett was the biggest victim of the rout, with the Oracle of Omaha seeing his net worth drop by $9.6 billion to $66.4 billion after Berkshire Hathaway (NYSE:BRK.A) Class A shares dropped 8.6 percent on Wednesday alone. BRK.A shares are down a whopping 25 percent in the year-to-date with the vehicle’s top holdings Delta Airlines (NYSE:DAL) and American Airlines (NYSE:AAL) down 63.5 percent and 63.8 percent YTD, respectively.
Airline stocks have been particularly badly hit as governments everywhere urge citizens to keep travelling to a minimum while others have placed an outright ban on international travel. Many large U.S. airlines spent most of their free cash flow on share buybacks over the past decade in a bid to goose their earnings even as profits soared. Unfortunately, this left them exposed with many facing bankruptcy in lieu of a government bailout.
Facebook Inc.’s (NASDAQ:FB) Mark Zuckerberg has taken a $6.8 billion hit in the stock markets, after FB stock dipped 27.1 percent YTD on concerns about lower ad revenues from retail, travel and recreation clients.
Related: April Could Be Worst Month Ever For Oil
Zuckerberg’s net worth has now shrunk to $55.7 billion though he seems to be taking it on the chin after Facebook announced a $100 million grant for small businesses impacted by the coronavirus pandemic.
After a bright start to the year, Microsoft Inc.(NASDAQ:MSFT) has not been spared the latest bloodbath with the stock dropping nearly 14 percent over the past week and taking down Bill Gates’ and Steve Ballmer’s net worth $6.6 billion and $5.7 billion, respectively.
We are primarily funded by readers. Please subscribe and donate to support us!
Gates’ net worth of $96.3 billion still places him as the world’s second-richest person, a position he had previously ceded to Bernard Arnault. Meanwhile, Arnault’s riches have shrunk to $80.7 billion after LVMH’s poor stock performance.
Amazon Inc. (NASDAQ:AMZN) relatively tame -0.14 percent YTD return means that Jeff Bezos has lost far less than most of his super-rich peers, with his net worth estimated at $113.9 billion.
Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk, however, has not been so lucky.
After previously dismissing the coronavirus panic as “dumb,” Musk has been forced to eat humble pie after Tesla was deemed “not an essential business” by the sheriff’s department and forced to close both its Fremont, California, and Buffalo, New York, factory factories where it assembles EVs.
Musk, however, has pledged to make ventilators if there was a shortage, joining GM and Ford. The Trump administration has already handed the three automakers the green-light to make ventilators and other metal products. Whereas retooling an auto assembly line could be a tough call, the auto companies do have 3D printers for components; Tyvek suits used in paint shops that could be repurposed as well as “clean rooms” in other plants that could meet FDA standards.
Market in Tailspin
The US stock market has gone into a tailspin over the past two weeks as the COVID-19 pandemic continues to wreak havoc everywhere with three states locking down more than 70 million people.
Meanwhile, a much-anticipated government bailout failed to materialize after the senate failed to advance a third economic stimulus package meant to help the American economy weather the coronavirus pandemic. Hot on the heels of passing an $8.5 billion bill, congressional lawmakers proposed yet another coronavirus “rescue” package dubbed The Families First Coronavirus Response Act (FFCRA) with a running price tag of $1.5 to $2 trillion.
Although the bill passed with overwhelming support in the House of Representatives, the Senate was unable to vote because several Republican senators are currently self-quarantining. Senator Rand Paul has already tested positive for the disease while another four senators have self-quarantined after possible exposure.
Any further delays in passing the bill could mean an extended stocks selloff–and more misery for the billionaires.
By Alex Kimani for SafeHaven.com


investmentwatchblog--2020-03-24--Doctors, Nurses ‘Truly Scared To Come To Work’

Doctors and nurses “ scared to come to work ” to treat coronavirus patients because of supply shortages Doctors and nurses on the front lines of the fight against the coronavirus in the United States say it ’ s “ the first time ” they ’ ve been scared to go to work .
With a shortage of personal protective equipment , some have resorted to using bandanas to cover their faces .
“ It ’ s the first time we ’ ve ever been truly scared to come to work , but despite being scared we are trained to @ @ @ @ @ @ @ to doing that , ” Dr. Cornelia Griggs , a surgeon in New York City , told “ CBS This Morning.
” “ I ’ m embarrassed to say , but prior to this , my husband and I had never gotten around to writing a will , but this weekend that became one of our to-do list items.
” The government is sending medical supplies like masks , gloves and surgical gowns from the national stockpile to hospitals in need , U.S .
Surgeon General Dr. Jerome Adams said , but some @ @ @ @ @ @ @ s not enough .
They have called on President Donald Trump to order private companies to produce the supplies under the Defense Production Act .
Mr. Trump signed the act into law , but has not used it to order the production of the supplies .

Doctors and nurses “scared to come to work” to treat coronavirus patients because of supply shortages
Doctors and nurses on the front lines of the fight against the coronavirus in the United States say it’s “the first time” they’ve been scared to go to work. With a shortage of personal protective equipment, some have resorted to using bandanas to cover their faces.
“It’s the first time we’ve ever been truly scared to come to work, but despite being scared we are trained to save lives and we’re committed to doing that,” Dr. Cornelia Griggs, a surgeon in New York City, told “CBS This Morning.” “I’m embarrassed to say, but prior to this, my husband and I had never gotten around to writing a will, but this weekend that became one of our to-do list items.”
The government is sending medical supplies like masks, gloves and surgical gowns from the national stockpile to hospitals in need, U.S. Surgeon General Dr. Jerome Adams said, but some politicians and medical professions say that’s not enough.
They have called on President Donald Trump to order private companies to produce the supplies under the Defense Production Act. Mr. Trump signed the act into law, but has not used it to order the production of the supplies.


investmentwatchblog--2020-03-24--1929 redux is staring us in the face and it says this won’t be a “V” recovery.

When a house is on fire nobody has time to think about the future .
All effort is on extinguishing the fire and save what ’ s left .
That ’ s the Fed ’ s role right now dousing the burning economy and market duplex with zero rates and unlimited QE .
Never mind that they greatly contributed to the severity of the fire with their ill advised cheap money policies over the last 10 years .
But let them fight the fire and let ’ s hope it ’ s successful to at least extinguish this latest crisis @ @ @ @ @ @ @ a second there won ’ t be larger consequences .
This is not your ordinary crisis .
This is a disaster , a medical disaster that has rapidly morphed into the greatest economic crisis of our lifetimes .
And don ’ t compare it to 2008 .
That ship has already sailed .
This beast here is much more ferocious in speed and impact than 2008 : The decline so steep and fast we can ’ t compare it with 2008 , 2000 or even 1987 .
The economic impact of the virus @ @ @ @ @ @ @ valuations reverting to the mean is so dramatic that we are now seeing stimulus programs and central bank interventions that make 2008 look like child ’ s play .
And so I have to ask : What ’ s at the end of this tunnel ?
Let ’ s say we get out of this and the shock can be minimized and the virus disappears and we get a recovery of sorts .
What are the long term consequences of the most indebted global economy ever adding even more debt ?
What are @ @ @ @ @ @ @ dreams decimated ?
You really think a stimulus package is going to bring all these jobs back overnight ?
No way .
Indeed we already see companies laying off people by the thousands , not just temp jobs but full time jobs .
The cost cutting has begun out of necessity : This is just the beginning .
A supply shock is turning into a demand shock by the time this is all done .
And so the structural issues long ignored will not be magically be solved by stimulus or central bank @ @ @ @ @ @ @ solved over the past 11 years of this cycle .
They were just masked by cheap money and debt .
No , this shock is so drastic that we only really have one comparison .
The roaring 20 ’ s of a century ago .
Those were some of the headlines back then : Replace billions with trillions and there ya go .
The economic fallout back then was a disaster , not for a few months but for several years .
Excessive speculation , unrealistic valuations and then a trigger and it @ @ @ @ @ @ @ off of all time highs : That first crash in 1929 was just the beginning not the end .
But note that big rally following that first crash .
It ran for several months producing a 48 % rally into 1930 .
Bullish right ?
Well for a nice long trade yes but then it turned into a valley of tears of lower highs and lower lows all the way into 1932 .
Think this is all far fetched ?
Oh I know , analogs , to be viewed with caution but structurally @ @ @ @ @ @ @ same this one just did : Following a period of excess with a final blow-off top .
And make no mistake : We just had a blow-off top in that time period between October and February leading up to the 2020 crash .
The 1929 redux tells us a big rally will come , either from here or from lower first still , and this rally will be awe inspiring , it ’ ll produce technical reconnects in a market that is now widely disconnected to the downside and it will bring back @ @ @ @ @ @ @ suggests lower highs to come as the world is then confronted with the consequences of the costs of extinguishing this fire .
The bill comes due as the world will be settled with even more debt , but now a much higher unemployment rate , poorer consumers , and companies focused on margin efficiencies .
1929 redux is staring us in the face and it says this won ’ t be a “ V ” recovery .
This will take years of heightened volatility and wide price ranges to negotiate through and the @ @ @ @ @ @ @ itself to be a big fat sell .
No matter how much the Fed prints .
But that ’ s a discussion to be had once we ’ ve had this rally .
For now markets are still in process of finding a bottom and now that the Fed has launched unlimited QE markets are still selling off .
Not exactly confidence inspiring .
All hope then on that big stimulus package to come .
Best hope that will do the trick : I mean , what else is left following that ?
@ @ @ @ @ @ @ failure is already programmed into the historic script of the 1929 redux .
So be aware of that script once that big counter rally emerges and get ’ s everybody all cheerful and optimistic again .

BY SVEN HENRICH
When a house is on fire nobody has time to think about the future. All effort is on extinguishing the fire and save what’s left. That’s the Fed’s role right now dousing the burning economy and market duplex with zero rates and unlimited QE.
Never mind that they greatly contributed to the severity of the fire with their ill advised cheap money policies over the last 10 years.
But let them fight the fire and let’s hope it’s successful to at least extinguish this latest crisis.
But don’t think for a second there won’t be larger consequences. This is not your ordinary crisis. This is a disaster, a medical disaster that has rapidly morphed into the greatest economic crisis of our lifetimes.
And don’t compare it to 2008. That ship has already sailed.
This beast here is much more ferocious in speed and impact than 2008:
2008 seemed kinda orderly in comparison to this disaster.
No wonder the Fed is in absolute freak mode.$XLF pic.twitter.com/J2ie92WlC9 — Sven Henrich (@NorthmanTrader) March 23, 2020
The decline so steep and fast we can’t compare it with 2008, 2000 or even 1987.
The economic impact of the virus coupled with the crushing effect of stretched valuations reverting to the mean is so dramatic that we are now seeing stimulus programs and central bank interventions that make 2008 look like child’s play.
And so I have to ask: What’s at the end of this tunnel?
$10 trillion Fed balance sheet by 2021?
$30 trillion US debt by 2022? What's the end game here? — Sven Henrich (@NorthmanTrader) March 23, 2020
Let’s say we get out of this and the shock can be minimized and the virus disappears and we get a recovery of sorts. What are the long term consequences of the most indebted global economy ever adding even more debt?
What are the consequence of millions seeing their retirement dreams decimated?
You really think a stimulus package is going to bring all these jobs back overnight? No way.
Indeed we already see companies laying off people by the thousands, not just temp jobs but full time jobs. The cost cutting has begun out of necessity:
.@GeneralElectric is cutting about 2,600 US #jobs in its jet engine division as the aviation industry gets crushed by #coronavirus: t.co/cEXpGytHT4 $GE — Matt Egan (@MattEganCNN) March 23, 2020
This is just the beginning. A supply shock is turning into a demand shock by the time this is all done.
And so the structural issues long ignored will not be magically be solved by stimulus or central bank intervention. In fact they were never solved over the past 11 years of this cycle. They were just masked by cheap money and debt.
We are primarily funded by readers. Please subscribe and donate to support us!
No, this shock is so drastic that we only really have one comparison. The roaring 20’s of a century ago.
Those were some of the headlines back then:
Replace billions with trillions and there ya go.
The economic fallout back then was a disaster, not for a few months but for several years. Excessive speculation, unrealistic valuations and then a trigger and it was over.
A steep dramatic crash off of all time highs:
That first crash in 1929 was just the beginning not the end. But note that big rally following that first crash. It ran for several months producing a 48% rally into 1930. Bullish right? Well for a nice long trade yes but then it turned into a valley of tears of lower highs and lower lows all the way into 1932.
Think this is all far fetched?
Compare to now:
Oh I know, analogs, to be viewed with caution but structurally that bull market back then ended the same this one just did: Following a period of excess with a final blow-off top. And make no mistake: We just had a blow-off top in that time period between October and February leading up to the 2020 crash.
The 1929 redux tells us a big rally will come, either from here or from lower first still, and this rally will be awe inspiring, it’ll produce technical reconnects in a market that is now widely disconnected to the downside and it will bring back optimism. But then the historical script suggests lower highs to come as the world is then confronted with the consequences of the costs of extinguishing this fire. The bill comes due as the world will be settled with even more debt, but now a much higher unemployment rate, poorer consumers, and companies focused on margin efficiencies.
1929 redux is staring us in the face and it says this won’t be a “V” recovery. This will take years of heightened volatility and wide price ranges to negotiate through and the first really big counter rally may prove itself to be a big fat sell. No matter how much the Fed prints.
But that’s a discussion to be had once we’ve had this rally. For now markets are still in process of finding a bottom and now that the Fed has launched unlimited QE markets are still selling off. Not exactly confidence inspiring. All hope then on that big stimulus package to come.
Best hope that will do the trick:
If that stimulus package does not succeed in producing a sustained rally then hug your quarantined self. — Sven Henrich (@NorthmanTrader) March 23, 2020
I mean, what else is left following that? Failure is not an option, but failure is already programmed into the historic script of the 1929 redux. So be aware of that script once that big counter rally emerges and get’s everybody all cheerful and optimistic again.


investmentwatchblog--2020-03-24--The Coronavirus Crisis Exposed The Financial Markets’ Black Hole

by Dave Kranzler with Chris Marcus via Investment Research Dynamics The biggest bill of sale sold to the public after the great financial crisis was that the legislation enacted forced the banks to maintain a higher level of integrity in their business dealings .
But nothing could be further from the truth .
The various pieces of legislation enacted after the 2008 de facto banking system collapse ultimately made it easier for the TBTF banks to move their fiat currency-based Ponzi scheme off-balance-sheet .
Over the last 10 years a massive Rube Goldberg credit market black hole has formed .
@ @ @ @ @ @ @ injecting printed money into the banking system at a faster rate now than at any time after 2008 .
While the coronavirus to be sure is the “ black swan ” that pricked the stock bubble , market forces eventually would have accomplished the same result .
The Fed started bailing out the banking system in September , printing half a trillion dollars to save the banks well before anyone had ever heard of coronavirus or Covid-19 .
As it turns out , the Fed was also bailing out hedge funds .
Powell @ @ @ @ @ @ @ credit problem was starting to bubble up .
Chris Marcus of Arcadia Economics and I try to put some context on the current market crisis that was triggered by coronavirus but was an eventuality anyway :

by Dave Kranzler with Chris Marcus via Investment Research Dynamics
The biggest bill of sale sold to the public after the great financial crisis was that the legislation enacted forced the banks to maintain a higher level of integrity in their business dealings. But nothing could be further from the truth. The various pieces of legislation enacted after the 2008 de facto banking system collapse ultimately made it easier for the TBTF banks to move their fiat currency-based Ponzi scheme off-balance-sheet.
Over the last 10 years a massive Rube Goldberg credit market black hole has formed. Point of note: the Fed is injecting printed money into the banking system at a faster rate now than at any time after 2008.
We are primarily funded by readers. Please subscribe and donate to support us!
While the coronavirus to be sure is the “black swan” that pricked the stock bubble, market forces eventually would have accomplished the same result. The Fed started bailing out the banking system in September, printing half a trillion dollars to save the banks well before anyone had ever heard of coronavirus or Covid-19. As it turns out, the Fed was also bailing out hedge funds. Powell knew back in September that a massive credit problem was starting to bubble up.
Chris Marcus of Arcadia Economics and I try to put some context on the current market crisis that was triggered by coronavirus but was an eventuality anyway:


investmentwatchblog--2020-03-24--Pelosi Calls On President Trump to Abandon Lawsuit Seeking to Strike Down Obamacare Amid Coronavirus

Pelosi Calls On President Trump to Abandon Lawsuit Seeking to Strike Down Obamacare Amid Coronavirus Pandemic… “Democrats Don’t Give a F**k! They Don’t Care About Americans”

LEGISLATION : Republicans want a lifeline ; Democrats want to remake the country .
Related : Democrats try to hijack coronavirus stimulus for liberal Christmas in March .
On Monday morning Antoine Tucker , a former gangster turned Republican candidate for Congress , posted a powerful video after Senate Democrats blocked the $ 1.8 trillion stimulus bill to save the American economy and American businesses from collapse during the coronavirus crisis .
“ You want proof that it ’ s never been about Donald Trump .
Donald Trump has never been racist .
It ’ s never been about Donald @ @ @ @ @ @ @ Just look at what the Democrats in the Senate just did .
They blocked the bill , $ .8 trillion I believe .
And that bill would have helped ALL Americans .
Every last one of us .
This stimulus package would have helped every last one of us .
But the Democrats don ’ t give a f*** .
They don ’ t give a f*** about helping Americans .
They don ’ t give a f*** about what race you are .
They don ’ t care about LGBT , whatever @ @ @ @ @ @ @ about power .
All of this sh*t is about power .
All of this media hysteria is about power .
Control and power .
Control and power .
Every day that an American dies , suffers , or finds himself hungry , you thank the damn Democrats for it .
Because that ’ s what the f*** they been doing .
F***ing up public trust .
F***ing up the economy and blaming that sh*t on Donald Trump like it ’ s his fault when it ’ s f***ing them .
Be aware man.
@ @ @ @ @ @ @ Fuel Emission Standards For Airlines , More Wind and Solar Tax Credits to Coronavirus Stimulus Package Senate Democrats on Sunday blocked phase 3 of the Coronavirus economic stimulus bill .
60 votes were needed for this bill .
All Democrats , and Independents who caucus with Dems voted no .
Pelosi and Schumer continued to play politics on Monday amid the Coronavirus shutdown and demanded a wish list of Socialist policies that have nothing to do with the global pandemic .
Pelosi and Schumer are now pushing these demands : 1 ) Unprecedented @ @ @ @ @ @ @ Increased fuel emissions standards for airlines 3 ) Expansion of wind and solar tax credits Even worse , not only are these demands totally unrelated to the Coronavirus pandemic , they could prevent companies from participating in the loan programs — directly causing unnecessary layoffs , according to a senior GOP aide .

LEGISLATION: Republicans want a lifeline; Democrats want to remake the country.
Related: Democrats try to hijack coronavirus stimulus for liberal Christmas in March.
Pelosi in response to coronavirus: "I am calling on President Trump to abandon his lawsuit seeking to strike down the Affordable Care Act." pic.twitter.com/qjIzA7ySDP — Caleb Hull (@CalebJHull) March 23, 2020
On Monday morning Antoine Tucker, a former gangster turned Republican candidate for Congress, posted a powerful video after Senate Democrats blocked the $1.8 trillion stimulus bill to save the American economy and American businesses from collapse during the coronavirus crisis.
“You want proof that it’s never been about Donald Trump. Donald Trump has never been racist. It’s never been about Donald Trump being wrong for the country. Just look at what the Democrats in the Senate just did. They blocked the bill, $.8 trillion I believe. And that bill would have helped ALL Americans. Every last one of us. This stimulus package would have helped every last one of us. But the Democrats don’t give a f***. They don’t give a f*** about helping Americans. They don’t give a f*** about what race you are. They don’t care about LGBT, whatever community you belong to. They care about power. All of this sh*t is about power. All of this media hysteria is about power. Control and power. Control and power. Every day that an American dies, suffers, or finds himself hungry, you thank the damn Democrats for it. Because that’s what the f*** they been doing. F***ing up public trust. F***ing up the economy and blaming that sh*t on Donald Trump like it’s his fault when it’s f***ing them. Be aware man.”
www.thegatewaypundit.com/2020/03/democrats-dont-give-a-fk-they-dont-care-about-americans-former-gangster-turned-godly-republican-goes-off-after-democrats-stiff-america-on-covid-19-stimulus-video/
Warning ⚠ Language! Bottom line the block was all about Democrats fearing .@realDonaldTrump with a huge win in helping ALL AMERICANS! .@montaga Beware the Democrats pic.twitter.com/XsBRhXFe8z — Rena⭐⭐⭐ Text TRUMP 88022 (@ROHLL5) March 23, 2020
Schumer and Pelosi Try to Add Fuel Emission Standards For Airlines, More Wind and Solar Tax Credits to Coronavirus Stimulus Package
Senate Democrats on Sunday blocked phase 3 of the Coronavirus economic stimulus bill.
60 votes were needed for this bill.
We are primarily funded by readers. Please subscribe and donate to support us!
All Democrats, and Independents who caucus with Dems voted no.
Pelosi and Schumer continued to play politics on Monday amid the Coronavirus shutdown and demanded a wish list of Socialist policies that have nothing to do with the global pandemic.
Pelosi and Schumer are now pushing these demands:
1) Unprecedented collective bargaining powers for unions
2) Increased fuel emissions standards for airlines
3) Expansion of wind and solar tax credits
Even worse, not only are these demands totally unrelated to the Coronavirus pandemic, they could prevent companies from participating in the loan programs — directly causing unnecessary layoffs, according to a senior GOP aide.
www.thegatewaypundit.com/2020/03/schumer-and-pelosi-try-to-add-fuel-emission-standards-for-airlines-more-wind-and-solar-tax-credits-to-coronavirus-stimulus-package/
h/t CrsCrpr


investmentwatchblog--2020-03-24--The Two Charts to Watch For Signs of a Legitimate Bottom

As I warned two weeks ago , the Fed is going to start buying “ everything ” … AKA Weimar lite .
The Fed has faced a choice… either let debt deflation clear the bad debts from the system , even if it means major corporations and banks failing , OR start buying “ everything ” in an effort to prop up the system ( even if it induces raging inflation ) .
Well , the Fed officially crossed the Rubicon over the weekend .
Going into the weekend the Fed had already… 5 ) Opened the discount window to @ @ @ @ @ @ @ .
6 ) Expanded the repo program to $ 1 trillion per day .
Well , buckle up , because over the weekend , the Fed announced it would make its QE program “ open ended ” meaning it would buy Treasuries and Mortgage Backed Securities as needed .
Put another way , the Fed announced unlimited QE .
And to top it off , the Fed ALSO added that it was expanding its QE mandate to buy corporate debt ( for the first time in history ) .
Put another way , @ @ @ @ @ @ @ to effectively monetize “ everything , ” … Treasuries , Mortgage Backed Securities , Municipal debt , Corporate debt , etc .
The only thing debt assets left are student debt , auto loans , and credit card debt .
In simple terms , the Everything Bubble burst… and now the Fed is dealing with it by buying EVERYTHING .
Whether or not this will work remains to be seen .
But this is the NUCLEAR option .
And if it doesn ’ t work , there is nothing left for the Fed @ @ @ @ @ @ @ Fed isn ’ t supposed to be able to buy municipal debt or corporate debt .
So , it is moving FAR beyond its mandate with these actions .
The key chart to watch is the credit spread on Junk Bonds .
While stocks tried to bounce time and again in the last few weeks , credit had continued to break down , warning that there was no bottom in sight .
If this chart breaks out to the upside , then we will finally get a bounce .
We ’ re more @ @ @ @ @ @ @ is if this works too well , and between the Fed pumping trillions into the financial system , and the federal government launching helicopter money , we begin to see roaring inflation .
Bond yields have begun rising , suggesting the bond market is beginning to discount inflation hitting the financial system .
Moreover , the ratio between commodities and stocks has broken out of a multi-year falling wedge , which suggests commodities will be dramatically outperforming stocks going forward .
This too is signaling higher inflation is coming .
This is telling @ @ @ @ @ @ @ crisis , the deflationary collapse , will be ending .
But the second round , the INFLATIONARY tidal wave , is only just beginning .
We just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay ou as it rips through the financial system in the months ahead The report is titled Survive the Inflationary Storm .
And it explains in very simply terms how to make inflation PAY YOU .
We are making just 100 copies available to the public .
To pick up yours @ @ @ @

As I warned two weeks ago, the Fed is going to start buying “everything”… AKA Weimar lite.
The Fed has faced a choice… either let debt deflation clear the bad debts from the system, even if it means major corporations and banks failing, OR start buying “everything” in an effort to prop up the system (even if it induces raging inflation).
Well, the Fed officially crossed the Rubicon over the weekend. Going into the weekend the Fed had already…
1) Cut interest rates from 1.25% to 0.15%.
2) Launched a $1.5 trillion repo program.
3) Launched a $700 billion QE program.
4) Begun buying commercial paper debt instruments.
5) Opened the discount window to the eight largest banks in the US.
6) Expanded the repo program to $1 trillion per day.
7) Opened dollar swaps with international central banks.
8) Opened credit windows to the money market funds market.
9) Begin buying municipal bonds.
Well, buckle up, because over the weekend, the Fed announced it would make its QE program “open ended” meaning it would buy Treasuries and Mortgage Backed Securities as needed.
Put another way, the Fed announced unlimited QE. And to top it off, the Fed ALSO added that it was expanding its QE mandate to buy corporate debt (for the first time in history).
Put another way, the Fed has announced it is going to effectively monetize “everything,”… Treasuries, Mortgage Backed Securities, Municipal debt, Corporate debt, etc. The only thing debt assets left are student debt, auto loans, and credit card debt.
In simple terms, the Everything Bubble burst… and now the Fed is dealing with it by buying EVERYTHING.
We are primarily funded by readers. Please subscribe and donate to support us!
Whether or not this will work remains to be seen. But this is the NUCLEAR option. And if it doesn’t work, there is nothing left for the Fed to do. Remember, technically the Fed isn’t supposed to be able to buy municipal debt or corporate debt. So, it is moving FAR beyond its mandate with these actions.
The key chart to watch is the credit spread on Junk Bonds. While stocks tried to bounce time and again in the last few weeks, credit had continued to break down, warning that there was no bottom in sight.
If this chart breaks out to the upside, then we will finally get a bounce. We’re more than due for one…
The bigger issue… is if this works too well, and between the Fed pumping trillions into the financial system, and the federal government launching helicopter money, we begin to see roaring inflation.
Bond yields have begun rising, suggesting the bond market is beginning to discount inflation hitting the financial system. Moreover, the ratio between commodities and stocks has broken out of a multi-year falling wedge, which suggests commodities will be dramatically outperforming stocks going forward.
This too is signaling higher inflation is coming.
This is telling us that the first round of the crisis, the deflationary collapse, will be ending. But the second round, the INFLATIONARY tidal wave, is only just beginning.
We just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay ou as it rips through the financial system in the months ahead
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU.
We are making just 100 copies available to the public.
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-03-24--DEATHS DOUBLING EVERY WEEK! Exponential Growth! “The pandemic is accelerating.”

i ’ ve been watching the numbers , and the doubling of the mortality rate is speeding up .
we @ @ @ @ @ 6 days after we hit approximately 8,000. even worse is that this exponential growth is @ @ @ @ @ at the numbers from the past few days , and note today , isn ’ @ @ @ @ @ all the stats are from the link below .
if we keep doubling every 6 @ @ @ @ @ every week , at this rate .
16,000+ – currently 32,000 – next week 64,000 @ @ @ @ @ in 3 weeks 256,000 – in one month 500,000 in 5 weeks 1 million in @ @ @ @ @ 7 weeks… “ More than 300,000 cases of COVID-19 have now been reported to WHO @ @ @ @ @ the world , ” WHO Director-General Dr. Tedros Adhanom Ghebreyesus says .
“ That ’ @ @ @ @

Date Mortality Doubling in /Days
28.Jan 132
31.Jan 259 3 days
04.Feb 492 4 days
10.Feb 1018 6 Days
18.Feb 2009 8 Days
09.Mrz 4025 20 Days
17.Mrz 7978 8 Days
23.Mrz 16125 6 Days
i’ve been watching the numbers, and the doubling of the mortality rate is speeding up.
we hit 16,000 deaths today. 6 days after we hit approximately 8,000.
— add—
even worse is that this exponential growth is accelerating!
have a look at the numbers from the past few days, and note today, isn’t even over yet.
DATE / Daily / Total Deaths
18.Mar…973…..8951
19.Mar…1080….10031
20.Mar…1356….11387
21.Mar…1638….13025
22.Mar…1634….14659
23.Mar…1697….16356
We are primarily funded by readers. Please subscribe and donate to support us!
all the stats are from the link below.
www.worldometers.info/coronavirus/
if we keep doubling every 6 days…
let’s say every week, at this rate.
16,000+ – currently
32,000 – next week
64,000 – in 2 weeks
128,000- in 3 weeks
256,000 – in one month
500,000 in 5 weeks
1 million in 6 weeks
2 million in 7 weeks…
U.S. CDC – 400 TOTAL DEATHS DUE TO NEW CORONAVIRUS AS OF PREVIOUS DAY AT 4 PM ET VS 201 DEATHS AS OF PREVIOUS REPORT ON MARCH 20 — *Walter Bloomberg (@DeItaOne) March 23, 2020
“More than 300,000 cases of COVID-19 have now been reported to WHO from almost every country in the world,” WHO Director-General Dr. Tedros Adhanom Ghebreyesus says. “That’s heartbreaking.”
JUST IN: "The pandemic is accelerating." "More than 300,000 cases of COVID-19 have now been reported to WHO from almost every country in the world," WHO Director-General Dr. Tedros Adhanom Ghebreyesus says. "That's heartbreaking." t.co/92sUsbasS9 pic.twitter.com/pkwN8FBifO — ABC News Politics (@ABCPolitics) March 23, 2020
JJ


investmentwatchblog--2020-03-24--Adrenachrome Patent runs out today. Dupont bloodline involved. All hospitals are children hospitals.

Adrenachrome Patent runs out today .
Dupont bloodline involved .
All hospitals are children hospitals .
😳t.co/j5176vMvO2 pic.twitter.com/mhxQJu8uHc

Adrenachrome Patent runs out today. Dupont bloodline involved. All hospitals are children hospitals. 😳t.co/j5176vMvO2 pic.twitter.com/mhxQJu8uHc
— ]intheMatrixxx[ (@intheMatrixxx) March 22, 2020


investmentwatchblog--2020-03-24--Operation Signal, Blockage Dismantled, Fire At Will Commander

The clock is ticking down for the [ DS ] , some are sending messages , storm surge is about @ @ @ @ @ are ready to move , blockage dismantled , operators in position , optics are important @ @ @ @ @ .

The clock is ticking down for the [DS], some are sending messages, storm surge is about to hit. The patriots are ready to move, blockage dismantled, operators in position, optics are important. Fire at will commander.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-03-24--Michael Pento: Bond Market Crash Dead Ahead

In his latest commentary , financial strategist Michael Pento maps out the coming year .
Spoiler alert : It ends ugly .
The U.S. National Debt is about to surge like never before , along with the rest of the entire planet ’ s gigantic pile of sovereign IOUs .
America started with a $ 23.5 trillion debt before the Wuhan virus outbreak , with annual deficits running over a $ 1 trillion ; and projected to be at least that amount for the next dozen years .
But then , the stock market and economy crashed due to the @ @ @ @ @ @ @ pricked the massive bubble in junk bonds and equities that I have been warning about for years .
In addition to the automatic stabilizers that kick in during a recession , like unemployment insurance and food stamps , the Treasury is now buying commercial paper , suspending interest payments on student loans , and writing checks to small businesses .
There are also various other bailouts and stimulus packages in the works ; the IRS is allowing taxpayers a deferment for three months of up to $ 300 billion .
Also , the @ @ @ @ @ @ @ nearly every American , the proposal is for at least $ 1,000 for each adult and $ 500 per child , per month—around $ 500 billion in total .
Helicopter money is now coming , and both parties embrace it with alacrity .
The total amount of stimulus proposed so far was reported by Bloomberg to be $ 1.3 trillion this year alone .
A global depression is now here , but the question is for how long .
A small taste of the miserable data that is to come came from the @ @ @ @ @ @ @ of March .
The index plummeted by the most in history to an incredible minus 21.5 .
Since the survey was taken , we have seen entire counties shut down , U.S. schools and corporations shuttered , and at least 50 major retailers are shutting their doors , and that number is growing daily .
The retail sector employs a total of 15.7 million people .
There will be about 3.5 million jobs that are predicted to be lost if this economic slowdown turns out to be like the average since WWII .
@ @ @ @ @ @ @ contraction will be nothing like the typical recession .
Indeed , when was the last time a great portion of the world ’ s population was told to shelter in place .
Around 67 million Americans think they will have trouble paying their credit card bills due to the coronavirus , according to WalletHub .
And , nearly 80 % of Americans are living paycheck to paycheck—we really need this virus to dissipate quickly , but the probability of that outcome is impossible to know .
To give you further insight as to @ @ @ @ @ @ @ , let ’ s look at where the jobs are now .
In the U.S. , most of the jobs created since the Great Recession ended back in 2009 have been in the Leisure and Hospitality sectors .
According to the BLS , there are nearly 17 million people employed in those two sectors alone .
But now , a great deal of those doors have been closed .
Many of these people are 1099 employees and have no access to unemployment insurance .
Those that are W-2 employees will see a huge @ @ @ @ @ @ @ see an immediate request to be rehired once the economy begins to recover .
This is because there will be a serious degradation of consumer and business ’ balance sheets .
Coming into this crisis , there was a record amount of household debt and a record amount of corporate debt both in nominal terms and as a percentage of GDP .
There is now a significant shock to the incomes of the public and private sectors , while all the existing debt remains and new debt is being accumulated .
Government assistance @ @ @ @ @ @ @ make people 100 % whole .
But now the major averages have crashed by over 30 % , and the Russell 2000 is down just shy of 40 % in one month .
Not only are all of the gains made last year now gone but the market has given back all the gains made since January 2017 .
As an aside , I was wondering how all those C-suite geniuses feel that levered up their corporations in record proportions to buy back stocks at record highs ?
I also wonder what public @ @ @ @ @ @ @ since there has been no money made in the last three years , and the Benchmark Treasury yield is 1 % ?
These retirement funds need to make at least 7-8 % each year to come close to satisfying their obligations .
To combat these issues , global governments are reacting with massive fiscal and monetary stimulus .
We already mentioned what the U.S. Treasury is doing .
Also , the Fed cut rates back to zero , is buying commercial paper , openly admitted to launching Q.E .
5 , and massively @ @ @ @ @ @ @ to draw down to zero beginning in April .
In sharp contrast , Mr. Powell ’ s balance sheet has now exploded to an all-time high of $ 4.7 trillion .
The Fed may also start buying corporate debt very soon and announced unlimited Q.E .
on Monday , March 23rd .
Wall Street now needs a 50 % increase in stocks just to get back to where it was a month ago .
That ’ s how the math works when you are down about 35 % .
At the end of @ @ @ @ @ @ @ even bigger mountain of debt , interest rates than are even further into the twilight zone and the seeds of runaway inflation that have been fertilized with a gigantic pile of poop from a massive herd of government-fattened brontosauruses .
That is the real crash still coming , which will occur after the market soars back to record highs on unprecedented money printing , interest rate manipulation , and debt-fueled stimuli .
To be clear , the inflationary/insolvency crash of the bond market is dead ahead .
In the interim , we should @ @ @ @ @ @ @ prices as the market struggles to reconcile with a temporary , yet brutal , depression that is being offset by Helicopter money .
PPS models these cycles of inflation/deflation and growth/recession .
That is your best chance to increase your standard of living , even during the increasing occasions when Wall Street burns .
Michael Pento is the President and Founder of Pento Portfolio Strategies , produces the weekly podcast called , “ The Mid-week Reality Check ” and Author of the book “ The Coming Bond Market Collapse .
”

BY JOHN RUBINO
In his latest commentary, financial strategist Michael Pento maps out the coming year. Spoiler alert: It ends ugly.
The U.S. National Debt is about to surge like never before, along with the rest of the entire planet’s gigantic pile of sovereign IOUs. America started with a $23.5 trillion debt before the Wuhan virus outbreak, with annual deficits running over a $1 trillion; and projected to be at least that amount for the next dozen years. But then, the stock market and economy crashed due to the catalyst of the COVID-19 pandemic, which pricked the massive bubble in junk bonds and equities that I have been warning about for years.
In addition to the automatic stabilizers that kick in during a recession, like unemployment insurance and food stamps, the Treasury is now buying commercial paper, suspending interest payments on student loans, and writing checks to small businesses. There are also various other bailouts and stimulus packages in the works; the IRS is allowing taxpayers a deferment for three months of up to $300 billion. Also, the government will soon be sending checks to nearly every American, the proposal is for at least $1,000 for each adult and $500 per child, per month—around $500 billion in total. Helicopter money is now coming, and both parties embrace it with alacrity. The total amount of stimulus proposed so far was reported by Bloomberg to be $1.3 trillion this year alone.
A global depression is now here, but the question is for how long. A small taste of the miserable data that is to come came from the Empire State Manufacturing Survey for the month of March. The index plummeted by the most in history to an incredible minus 21.5. Since the survey was taken, we have seen entire counties shut down, U.S. schools and corporations shuttered, and at least 50 major retailers are shutting their doors, and that number is growing daily. The retail sector employs a total of 15.7 million people. There will be about 3.5 million jobs that are predicted to be lost if this economic slowdown turns out to be like the average since WWII. However, it is clear this economic contraction will be nothing like the typical recession. Indeed, when was the last time a great portion of the world’s population was told to shelter in place. Around 67 million Americans think they will have trouble paying their credit card bills due to the coronavirus, according to WalletHub. And, nearly 80% of Americans are living paycheck to paycheck—we really need this virus to dissipate quickly, but the probability of that outcome is impossible to know.
To give you further insight as to how bad the unemployment numbers could get, let’s look at where the jobs are now. In the U.S., most of the jobs created since the Great Recession ended back in 2009 have been in the Leisure and Hospitality sectors. According to the BLS, there are nearly 17 million people employed in those two sectors alone. But now, a great deal of those doors have been closed. Many of these people are 1099 employees and have no access to unemployment insurance. Those that are W-2 employees will see a huge reduction of their income and may not see an immediate request to be rehired once the economy begins to recover.
This is because there will be a serious degradation of consumer and business’ balance sheets. Coming into this crisis, there was a record amount of household debt and a record amount of corporate debt both in nominal terms and as a percentage of GDP. There is now a significant shock to the incomes of the public and private sectors, while all the existing debt remains and new debt is being accumulated. Government assistance can help, but it will not make people 100% whole.
But now the major averages have crashed by over 30%, and the Russell 2000 is down just shy of 40% in one month. Not only are all of the gains made last year now gone but the market has given back all the gains made since January 2017. As an aside, I was wondering how all those C-suite geniuses feel that levered up their corporations in record proportions to buy back stocks at record highs? I also wonder what public or private pension fund will be solvent since there has been no money made in the last three years, and the Benchmark Treasury yield is 1%? These retirement funds need to make at least 7-8% each year to come close to satisfying their obligations.
To combat these issues, global governments are reacting with massive fiscal and monetary stimulus. We already mentioned what the U.S. Treasury is doing. Also, the Fed cut rates back to zero, is buying commercial paper, openly admitted to launching Q.E. 5, and massively expanded its REPO facility—which it was supposed to draw down to zero beginning in April. In sharp contrast, Mr. Powell’s balance sheet has now exploded to an all-time high of $4.7 trillion. The Fed may also start buying corporate debt very soon and announced unlimited Q.E. on Monday, March 23rd.
Wall Street now needs a 50% increase in stocks just to get back to where it was a month ago. That’s how the math works when you are down about 35%.
At the end of this crisis, we will have an even bigger mountain of debt, interest rates than are even further into the twilight zone and the seeds of runaway inflation that have been fertilized with a gigantic pile of poop from a massive herd of government-fattened brontosauruses. That is the real crash still coming, which will occur after the market soars back to record highs on unprecedented money printing, interest rate manipulation, and debt-fueled stimuli. To be clear, the inflationary/insolvency crash of the bond market is dead ahead.
In the interim, we should continue to see wild swings in asset prices as the market struggles to reconcile with a temporary, yet brutal, depression that is being offset by Helicopter money. PPS models these cycles of inflation/deflation and growth/recession. That is your best chance to increase your standard of living, even during the increasing occasions when Wall Street burns.
Michael Pento is the President and Founder of Pento Portfolio Strategies, produces the weekly podcast called, “The Mid-week Reality Check” and Author of the book “The Coming Bond Market Collapse.”


investmentwatchblog--2020-03-24--Trump said he would like to have the country opened for business by April 12, Easter

Our people want to return to work .
They will practice Social Distancing and all else , and Seniors will @ @ @ @ @ lovingly .
We can do two things together .
THE CURE CAN NOT BE WORSE @ @ @ @ @ THE PROBLEM !
Congress MUST ACT NOW .
We will come back strong !
UPDATE @ @ @ @ @ the Fox News town hall that he would like to have the country open for @ @ @ @

Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong!
Our people want to return to work. They will practice Social Distancing and all else, and Seniors will be watched over protectively & lovingly. We can do two things together. THE CURE CANNOT BE WORSE (by far) THAN THE PROBLEM! Congress MUST ACT NOW. We will come back strong! — Donald J. Trump (@realDonaldTrump) March 24, 2020
UPDATE: Trump just said on the Fox News town hall that he would like to have the country open for business by Easter.
We are primarily funded by readers. Please subscribe and donate to support us!
h/t LSR


investmentwatchblog--2020-03-24--California police to use Chinese-made patrol drones with night-vision cameras during coronavirus loc

California police to use Chinese-made patrol drones with night-vision cameras during coronavirus lockdown

A California police department is planning on using drones equipped with cameras and loudspeakers to monitor a coronavirus shutdown .
@ @ @ @ @ recently doubled its fleet of drones , purchasing two of the machines from Chinese company @ @ @ @ @ told the Financial Times that they would be outfitted with night-vision cameras .
“ We @ @ @ @ @ to our drones , but … if we need to cover a large area to @ @ @ @ @ or if there were a crowd somewhere that we needed to disperse , we could @ @ @ @ @ officers involved , ” said Capt .
Vern Sallee .
“ The outbreak has changed @ @ @ @ @ program as rapidly as I can , ” Sallee added .
U.S. officials have warned @ @ @ @ @ could pose to the United States .
The company that the police department is purchasing @ @ @ @ @ the world ’ s largest player in the civilian drone industry .

A California police department is planning on using drones equipped with cameras and loudspeakers to monitor a coronavirus shutdown.
The Chula Vista Police Department recently doubled its fleet of drones, purchasing two of the machines from Chinese company DJI. The police department told the Financial Times that they would be outfitted with night-vision cameras.
“We have not traditionally mounted speakers to our drones, but … if we need to cover a large area to get an announcement out, or if there were a crowd somewhere that we needed to disperse, we could do it without getting police officers involved,” said Capt. Vern Sallee.
“The outbreak has changed my view of expanding the program as rapidly as I can,” Sallee added.
U.S. officials have warned about the threat Chinese-made drones could pose to the United States. The company that the police department is purchasing from, DJI, is the world’s largest player in the civilian drone industry.


investmentwatchblog--2020-03-24--The GOP stimilus bill DOES NOT bail out corportations. It only offers them loans. The only people th

The GOP stimilus bill DOES NOT bail out corportations. It only offers them loans. The only people that are being bailed out is small businesses and the american people. Stop spreading CNN propaganda

The dems and MSM have been pushing the narrative that the GOP is “ bailing out corporations ” which is @ @ @ @ @ all to distract you from their political stunt that they ’ re doing because they @ @ @ @ @ in an attempt to pass a Trojan horse bill that will allow them to rig @ @ @ @ @ policies from the green new deal .
Examples of the things the dems are trying @ @ @ @ @ voter registration , a long-time Dem wishlist item , very relevant to addressing those businesses @ @ @ @ @ go under from COVID19 .
Ah , yes , requiring early voting will save us @ @ @ @ @ USPS out of all its debt doesn ’ t help the american people with COVID19 @ @ @ @ @ audits of results of elections ” doesn ’ t help the american people with COVID19

by PropagandaDebunker
The dems and MSM have been pushing the narrative that the GOP is “bailing out corporations” which is a lie. This is all to distract you from their political stunt that they’re doing because they’re holding America hostage in an attempt to pass a Trojan horse bill that will allow them to rig the next elections and implement policies from the green new deal.
Examples of the things the dems are trying to pass – Same day voter registration, a long-time Dem wishlist item, very relevant to addressing those businesses and working families about to go under from COVID19.
Ah, yes, requiring early voting will save us all from COVID19
We are primarily funded by readers. Please subscribe and donate to support us!
Bailing the USPS out of all its debt doesn’t help the american people with COVID19
provisions for “conducting risk-limiting audits of results of elections” doesn’t help the american people with COVID19
Heres a link to the dems bill
Heres a link to the GOP bill


investmentwatchblog--2020-03-24--China provided a full 50% of reddit’s funding in 2019

Reminder that Reddit is completely blocked in China .
Speculation : They are literally buying the website in order to @ @ @ @ @ platform .
Sound ridiculous ?
They ’ ve been doing the same thing with Twitter @

by RobertGOTV
Sources:
www.investopedia.com/articles/investing/093015/how-reddit-makes-money.asp
www.reuters.com/article/us-reddit-funding/reddit-valued-at-3-billion-after-raising-300-million-in-latest-funding-round-idUSKCN1Q020W
We are primarily funded by readers. Please subscribe and donate to support us!
www.nasdaq.com/articles/reddit-raises-300-million-3-billion-valuation-2019-02-11
Reminder that Reddit is completely blocked in China. Speculation: They are literally buying the website in order to transform it into a Pro-China platform. Sound ridiculous? They’ve been doing the same thing with Twitter:
techcrunch.com/2019/08/19/twitter-is-blocked-in-china-but-its-state-news-agency-is-buying-promoted-tweets-to-portray-hong-kong-protestors-as-violent/


investmentwatchblog--2020-03-24--Youtuber Who Licked Toilet Seat Tests Positive For Coronavirus

UPDATE : The individual featured in this article has now been banned by Twitter .
A YouTuber who licked a @ @ @ @ @ raise awareness ” of coronavirus now claims he has tested positive for coronavirus .
Who @ @ @ @ @ ?
Shawn Mendes posted a video to Twitter where he licks a brown substance , @ @ @ @ @ from the toilet seat before saying , “ coronavirus challenge.
” RT to spread awareness @ @ @ @ @ The clip quickly went viral and has received well over 5 million views .
“ @ @ @ @ @ do anything for clout .
Clout is a disease , ” responded one Twitter user @ @ @ @ @ posted the toilet video , Mendes tweeted another clip of himself sat in what appears @ @ @ @ @ .

UPDATE: The individual featured in this article has now been banned by Twitter.
A YouTuber who licked a public toilet seat to “raise awareness” of coronavirus now claims he has tested positive for coronavirus.
Who could have seen that coming?
Shawn Mendes posted a video to Twitter where he licks a brown substance, believed to be foundation, from the toilet seat before saying, “coronavirus challenge.”
RT to spread awareness for the Coronavirus 🙂 pic.twitter.com/HNLx7fPhC0
We are primarily funded by readers. Please subscribe and donate to support us!
— LARZ (@GAYSHAWNMENDES) March 21, 2020
The clip quickly went viral and has received well over 5 million views.
“Man, these people will do anything for clout. Clout is a disease,” responded one Twitter user.
The day after he posted the toilet video, Mendes tweeted another clip of himself sat in what appears to be a hospital bed.
A YouTuber who licked a public toilet seat to “raise awareness” of coronavirus now claims he has tested positive for coronavirus.t.co/qOpFiLV6rw — Paul Joseph Watson (@PrisonPlanet) March 23, 2020
BFD


investmentwatchblog--2020-03-24--NEW JERSEY: Violation Of “Stay-At-Home” Order Will Get You SIX Months In JAIL

New Jersey Attorney General Announces That People Who Violate Stay-At-Home Order Could Face Six Months in Jail or Fines Authorities @ @ @ @ @ bars or stores , that stay open despite the governor ’ s demand , Grewal @ @ @ @ @ .
They will also look for residents who , for instance , throw a party @ @ @ @ @ dozens of people .
“ Law enforcement officers will have to break that party up @ @ @ @ @ criminal consequences , ” Grewal said .
“ The time for warnings is over .
@ @ @ @ @ compliance by using all of the tools available to us is here.
” The exact @ @ @ @ @ crime .
But a disorderly persons offense is punishable by a prison term of up @ @ @ @ @ fine of up to $ 1,000 or both , Grewal ’ s office has said @

New Jersey Attorney General Announces That People Who Violate Stay-At-Home Order Could Face Six Months in Jail or Fines
Authorities will target businesses, like bars or stores, that stay open despite the governor’s demand, Grewal said during a news conference. They will also look for residents who, for instance, throw a party at their home and invite dozens of people.
“Law enforcement officers will have to break that party up, and there will be criminal consequences,” Grewal said. “The time for warnings is over. And the time to ensure compliance by using all of the tools available to us is here.”
We are primarily funded by readers. Please subscribe and donate to support us!
The exact charge will depend on the crime. But a disorderly persons offense is punishable by a prison term of up to six months, a fine of up to $1,000 or both, Grewal’s office has said.
read:
www.app.com/story/news/coronavirus/2020/03/23/coronavirus-nj-cops-crack-down-violators-shutdown-order/2900573001/


investmentwatchblog--2020-03-24--61% (SIXTY ONE PERCENT) AGREE: Is trump taking strong enough measures to to combat COVID-19?

• A survey shows 61 per cent of registered voters in the U.S. say they agree that President Donald Trump ’ s coronavirus efforts are strong enough • The Hill-HarrisX poll also found that 39 per cent of voters say they somewhat or strongly disagree with the president ’ s efforts • The survey results come as Trump is considering pulling back some of the restrictions he has enacted since the deadly flu-like virus began • The president wants to reduce the impacts the mandates have on the economy as health officials warn the country has not yet seen the @ @ @ @ @ @ @ : what are they and should you see a doctor ?
President Donald Trump ‘ s efforts to combat the coronavirus have been strong enough , say 61 per cent of American registered voters , according to a new poll .
The Hill-HarrisX survey also found that 39 per cent of voters somewhat or strongly disagree with how Trump is tackling the deadly outbreak of the infection , also known as COVID-19 .
The poll results come as Trump says he may decide to scale back some of the government mandates made to @ @ @ @ @ @ @ deadly flu-like virus due to concerns of how much they have had negative impacts on the economy .

A survey shows 61 per cent of registered voters in the U.S. say they agree that President Donald Trump’s coronavirus efforts are strong enough
The Hill-HarrisX poll also found that 39 per cent of voters say they somewhat or strongly disagree with the president’s efforts
The survey results come as Trump is considering pulling back some of the restrictions he has enacted since the deadly flu-like virus began
The president wants to reduce the impacts the mandates have on the economy as health officials warn the country has not yet seen the worst of the outbreak
Coronavirus symptoms: what are they and should you see a doctor?
President Donald Trump‘s efforts to combat the coronavirus have been strong enough, say 61 per cent of American registered voters, according to a new poll.
The Hill-HarrisX survey also found that 39 per cent of voters somewhat or strongly disagree with how Trump is tackling the deadly outbreak of the infection, also known as COVID-19.
We are primarily funded by readers. Please subscribe and donate to support us!
The poll results come as Trump says he may decide to scale back some of the government mandates made to slow and contain the spread of the deadly flu-like virus due to concerns of how much they have had negative impacts on the economy.
www.dailymail.co.uk/news/article-8144991/Majority-Americans-say-Trump-taking-strong-measures-combat-coronavirus.html


investmentwatchblog--2020-03-24--Trump: “Future Doesn’t belong to Globalist” Refuses to sign the Bill the Dems out forward with their

Trump: “Future Doesn’t belong to Globalist” Refuses to sign the Bill the Dems out forward with their Digital Currency

He won ’ t be able to stop it forever but..
Her bill also includes funding for the IRS , and the Kennedy Center for the Arts , and NOAA…wtf Pelosi ’ s version of the COVID-19 relief bill will also completely change how voting is done in the U.S. Lots of headlines are being written about Republicans stalling the newest relief bill .
Very few of them address why .
Voting procedures are unrelated to the COVID-19 crisis , and should not be in the same bill .
McConnell : Democrats Won ’ t Fund Hospitals or Save Businesses @ @ @ @ @ @ @ the Green New Deal ’ , by Ian Hatchett “ McConnell said , “ Here are some of the items on the Democratic wishlist over which they choose to block this legislation last night .
Tax credits for solar energy and wind energy , provisions to force employers to give special , new treatment to big labor , and listen to this , new emissions standards for the airlines .
Are you kidding me ?
This is the moment to debate new regulations that have nothing whatsoever to do with this crisis ?
@ @ @ @ @ @ @ up to over there .
The American people need to know it .
Democrats won ’ t let us fund hospitals or save small businesses unless they get to dust off the Green New Deal .
.
.
“

He won’t be able to stop it forever but..
Her bill also includes funding for the IRS, and the Kennedy Center for the Arts, and NOAA…wtf
Pelosi’s version of the COVID-19 relief bill will also completely change how voting is done in the U.S.
We are primarily funded by readers. Please subscribe and donate to support us!
Lots of headlines are being written about Republicans stalling the newest relief bill. Very few of them address why. Voting procedures are unrelated to the COVID-19 crisis, and should not be in the same bill.
McConnell: Democrats Won’t Fund Hospitals or Save Businesses ‘Unless They Get to Dust off the Green New Deal’, by Ian Hatchett
“McConnell said, “Here are some of the items on the Democratic wishlist over which they choose to block this legislation last night. Tax credits for solar energy and wind energy, provisions to force employers to give special, new treatment to big labor, and listen to this, new emissions standards for the airlines. Are you kidding me? This is the moment to debate new regulations that have nothing whatsoever to do with this crisis? That’s what they’re up to over there. The American people need to know it. Democrats won’t let us fund hospitals or save small businesses unless they get to dust off the Green New Deal. . . “
AC


investmentwatchblog--2020-03-24--LMAO! Fredo Cuomo vs his brother the governor on CNN

Are you mocking me ?
Are you mocking me ?
?
Governor Cuomo : “ The worst decision was probably @ @ @ @ @ frankly .
”

Are you mocking me?
Are you mocking me??
Governor Cuomo: “The worst decision was probably coming on your show, frankly.”
We are primarily funded by readers. Please subscribe and donate to support us!
AC


investmentwatchblog--2020-03-24--Antoine Tucker – You Want Proof: The Democrats Don’t Give a F*ck -HARDCORE TRUTH

This is some gangsta level sh*t. Raw and real talk from the streets .
This is what the black community @ @ @ @ @

This is some gangsta level sh*t.
Raw and real talk from the streets.
This is what the black community really feels about Democrats.
We are primarily funded by readers. Please subscribe and donate to support us!
F*CKING BAD TO THE BONE.
MUST WATCH.
Want proof .@realDonaldTrump is not the problem listen & share pic.twitter.com/65bklSR5QR — Antoine Tucker 🇺🇸 (@montaga) March 23, 2020
AC


investmentwatchblog--2020-03-24--FL. Gov. order travelers from CT,NJ&NY to Quarantine when entering thru airports

( WFSB ) – Travelers who are flying into Florida airports from Connecticut will have to quarantine under a new @ @ @ @ @ .
Florida Governor Ron DeSantis issued an executive order that directs all travelers from Connecticut @ @ @ @ @ New York to isolate or quarantine when entering a Florida airport .
The travelers must @ @ @ @ @ the time or entry or the duration of the person ’ s stay in Florida @ @ @ @ @ The executive order was applied for states where shelter-in-place orders are being implemented .

(WFSB) – Travelers who are flying into Florida airports from Connecticut will have to quarantine under a new order from the Florida governor.
Florida Governor Ron DeSantis issued an executive order that directs all travelers from Connecticut, New Jersey, and New York to isolate or quarantine when entering a Florida airport.
The travelers must quarantine for 14 days from the time or entry or the duration of the person’s stay in Florida, whichever is shorter.
We are primarily funded by readers. Please subscribe and donate to support us!
The executive order was applied for states where shelter-in-place orders are being implemented.
www.wfsb.com/news/florida-gov-orders-travelers-from-ct-nj-ny-to-quarantine/article_b5548e9c-6d71-11ea-a24b-27ecc7345d44.html