Some positive second-derivatives in various state and nation case- and death-count-curves appeared to spark hope in stocks… Source: Bloomberg Do you believe in miracles… …but gold’s surge suggests more fear than hope (or more helicopter money)… Source: Bloomberg Live look at Dow futures pic.twitter.com/kLWZySZUu0 — Quoth the Raven (@QTRResearch) April 6, 2020 The ‘Virus Fear’ trade eased modestly today Source: Bloomberg Gold futures finally broke above […]
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By Gareth Wilson, award-winning journalist who’s covered South African news for 15 years. He specializes in security issues and has written for several publications globally and nationally. White billionaires giving money to help struggling South Africans during the Covid-19 economic slump have faced a barrage of insults from anti-white radical politicians. Leading the outcry is the Economic Freedom Fighters (EFF) parliamentary party, which went off half-cocked […]
The harrowing aftermath of a gas leak that destroyed several floors of an apartment building outside of Moscow was caught on film seconds after the explosion. DETAILS TO FOLLOW Source
Sweden has decided to indefinitely delay its Aurora 20 military drills, after allies reportedly pulled out over the ongoing Covid-19 crisis. The Scandinavian nation’s troops initially said it was against canceling the exercises. The country’s military announced on Friday that it would postpone the war games in response to the ongoing health crisis in Sweden and around the world. The drills, scheduled to be held from […]
Prime Minister Boris Johnson promised to ramp up coronavirus testing after the British government faced criticism for being slower than some European peers. “We’re also massively increasing testing,” Johnson said in a video message from a flat in Downing Street where he is self-isolating after testing positive himself. “This is how we will unlock the coronavirus puzzle, this is how we will defeat it in the […]
Indonesia’s most active volcano Mount Merapi erupted Friday with an explosion that produced an ash column rising some 5,000 meters into the air. Communities near the volcano are advised to remain calm, continue activities as usual, but not approach the summit of Merapi within a three kilometer radius. Eyewitness videos from the scene show a huge ash cloud above the volcano’s surroundings. The eruption lasted seven […]
Venezuelan President Nicolas Maduro tapped crypto to conceal transactions related to illicit drug-running, the U.S. Department of Justice alleged in an indictment Thursday. The sweeping charges against Maduro and 14 other Venezuelan officials are primarily targeted at stopping an alleged multibillion-dollar cocaine trafficking ring the DOJ claimed wreaked havoc on American communities for over 20 years. It allegedly involved drug runners, Colombian revolutionaries and narco-terrorism. Venezuela’s […]
Buy the rumor of the “Largest Rescue Package in American History”, one which will explode both the US deficit and US debt and unleash helicopter money by the Fed… and sell the news. That’s what happened overnight, when after Senate passed the biggest 2-day rally since the Great Depression (the middle of the Great Depression, not the end of it mind you) just before midnight, U.S. […]
The pace at which Americans are losing their jobs is absolutely breathtaking. According to the Wall Street Journal, the largest number of new claims for unemployment benefits ever recorded in a single week prior to this year was 695,000 during the week that ended October 2nd, 1982. So that means that what we are now witnessing is completely unprecedented. About half the country is currently under […]
Despite getting help from Boeing’s gains, The Dow has now crashed over 1000 points twice from the post-“we have a deal” highs… and is back in the red for the day… This all has the stench of some major gamma pukes with VIX flying around right at the open… Bonds had warned that yesterday’s record short-squeeze in stocks wasn’t to be trusted… Just like the last […]
The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak. RT’s Boom Bust is joined by Todd Horwitz of Bubba Trading to discuss the measure and its impact on financial markets. Horwitz says that the stock markets’ positive reaction looks like a […]
Markets in Europe continued gaining on Wednesday as the US government agrees to unlock $2 trillion worth of funds to cushion the blow to the economy from the coronavirus pandemic. Britain’s FTSE 100 index surged almost two percent at the start of trading in London. Germany’s DAX is up almost three percent, while France’s CAC is gaining almost five percent. This follows huge gains by European […]
US senators and the Trump administration have finally reached an agreement on a massive rescue plan to help stem the impact Covid-19 is having on the country’s economy. DETAILS TO FOLLOW Source
Authored by Mike Krieger via Liberty Blitzkrieg blog, I met a traveller from an antique landWho said: Two vast and trunkless legs of stoneStand in the desert. Near them, on the sand,Half sunk, a shattered visage lies, whose frown,And wrinkled lip, and sneer of cold command,Tell that its sculptor well those passions readWhich yet survive, stamped on these lifeless things,The hand that mocked them and the […]
Authored by Rod Renny via TheDuran.com, NATO’s massive military exercise ‘Defender Europe 2020’ has been effectively canceled over the covid-19 pandemic. Instead of hype about Russia, perhaps the alliance should address the actual danger to Europe, analysts tell RT. The Pentagon had already deployed some 6,000 troops and 3,000 pieces of equipment to Europe by March 13, when the transfers were halted amid the rapid spread […]
Coinbase saw record site traffic and a massive surge in 24-hour trading volume during last week’s coronavirus-driven market swings, CEO Brian Armstrong said in a statement shared with CoinDesk. The San Francisco-based crypto exchange said it processed $2 billion in crypto last Thursday and Friday (for comparison, Coinbase saw $394 million in volume over the past 24 hours, according to Bitwise). Last Thursday also beat Coinbase’s […]
As public gatherings are canceled, pubs and clubs closed and social distancing as well as self-quarantine have become the norm, Pornhub has reported that people are becoming, ahem, ‘reacquainted with themselves’ in huge numbers. In recent days, the already wildly popular adult entertainment site extended its free membership offer to the beleaguered residents of France and Spain, having already come to the aid of frustrated Italians […]
Asia-Pacific markets finished significantly lower on Wednesday again, shrugging off the stimulus pledges by world leaders. Investors fear the measures may still not be enough to protect economies though the crisis. Hong Kong’s Hang Seng index closed down over four percent while China’s Shanghai Composite was off almost two percent. Japan’s Nikkei 225 was trading 1.68 percent lower. Australia’s S&P/ASX 200 was the worst performer in […]
Authored by Elias Marat via TheMindUnleashed.com, In a clear illustration of the disruptive effect that the coronavirus has had on Italy, satellite imagery has shown a massive decrease in air pollution over the country as the government struggles to gain an upper-hand on the crisis by placing all residents under strict quarantine measures on a national level. The imagery compares air pollution levels, specifically nitrogen dioxide […]
Only a few times in the decades-long history of cable news has the 24-hour news cycle been so focused on a singular topic as coronavirus. Networks are devoting resources to covering the impact on pretty much every facet of Americans’ lives and the impact internationally. The coverage became much more focused on the virus this week after states across the country announced closures of businesses and […]
The Fed unleashed a massive QE5/rate-cut/swap-line splooge overnight… From reddit pic.twitter.com/PwX3YrWPxB — Stalingrad & Poorski (@Stalingrad_Poor) March 16, 2020 And here’s what The Fed hoped it would achieve… BREAKING: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program pic.twitter.com/GilDEux96B — Fischer Black (@fischersblack) March 15, 2020 Here’s what the market thought of it… As one veteran trader exclaimed in FULL CAPS […]
While futures markets have been limit-down since shortly after their open, despite massive Fed intervention efforts, US Equity ETFS are signaling a near 10% down open (which will immediately trigger a 15 min halt circuit breaker). Dow ETFs also imply around a 2,100 point opening drop to 20,500… Bonds are bid (but off the overnight yield lows when 30Y was down 27bps)… Additionally, oil prices […]
As the rest of the globe is busy locking down borders amid the Covid-19 pandemic, Turkey has reportedly kept it migrant wave to the EU corridor open, resulting in continued chaos at Greek-Turkey border points, as desperate asylum seekers try any way possible to gain EU entry. This now includes not just an ongoing militarized response on the Greek side to keep thousands from crossing illegally, […]
Today saw the biggest spike in US equities since October 2008 after an avalanche of intervention in the last 24 hours across the world and extended by 1600 Dow points as Trump unveiled his stimulus/testing plan… But, overall, the market just suffered its fastest, most aggressive collapse into a bear market… ever… But even more ominously, the broadest measure of the US equity market – The […]