FINALLY, SANITY! ‘ALL BUSINESSES ARE ESSENTIAL,’ TEXAS COUNTY’S STAY-AT-HOME ORDER WON’T CLOSE BUSINESSES

Judge says all workers, jobs essential to local economy Source: Jack Howland | Fort Worth Star-Telegram  Collin County joined other North Texas counties on Tuesday morning by issuing a stay-at-home order, but the declaration includes one large exemption: Businesses, even those that may be considered non-essential in other counties, can stay open. In Tarrant and Dallas counties, non-essential businesses such as shopping malls, movie theaters and bars have been ordered to close down in an effort to control the spread of the coronavirus. But Collin County’s stay-at-home order that went into…

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President Trump, Congress Agree on $2 Trillion Coronavirus Emergency Relief Bill; ‘Unemployment Compensation on Steroids’

Source: President Donald Trump and Congress reached a deal on the terms for a $2 trillion emergency relief bill to address the economic impact of the ongoing coronavirus outbreak, early in the morning on Wednesday. Politico reported: Lawmakers and the Trump administration reached an agreement on a nearly $2 trillion coronavirus emergency rescue package, a move intended to assist businesses and millions of Americans amid an unprecedented halt in the economy. The announcement caps five days of tense negotiations between senators and the White House. Both the Senate and House still…

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OUT OF GOLD: Severe Shortfall – Market RESUSCITATION FAILS!

This article was originally published by Lior Gantz at The Wealth Research Group.  Soldiers, Police, FEMA – Essentially, Martial Law   The markets are open, the banks are functioning, food is there for the average American to purchase, for the most part, and the Covid-19 is getting ALL of the attention on the municipal, state and, of course, the federal level. Still, we’ve just SUFFERED the steepest-ever MARKET CRASH that America has ever had to endure. The chart below shows the comparison with the 20th and 21st centuries’ most APOCALYPTIC…

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ILLEGAL MEANS NOTHING: Washington Buying STOCKS – END TIME!

Source: Tom Beck At this point, society is being REARRANGED. Forget anything you know about our political, judicial, and financial systems, and the values we cherish. Basically, discard anything you thought America stood for. America is fighting for survival. It’s a DO-OR-DIE moment and the government and the central bank are TAKING OVER everything. I’ve already covered the fact that the Federal Reserve has lowered rates to zero. I’ve shown you the MARGIN CALL that the U.S. Dollar has been in, but you’ll need to sit down for what’s coming…

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BILLIONAIRE BILL ACKMAN: “AMERICA WILL END AS WE KNOW IT” UNLESS TRUMP SHUTS DOWN BORDERS

“Hell is coming.” Source: Paul Joseph Watson | Infowars.com  Billionaire Bill Ackman has warned President Trump that unless he totally shuts down the borders, sends people home for 30 days and has the government cover their wages, “America will end as we know it.” Following up from a tweet in which he called on Trump to “shut down the country for the next 30 days and close the borders,” Ackman told CNBC “hell is coming” and the entire system of capitalism would collapse unless drastic measures were taken now. Mr. President,…

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FED PLAN: $2,000 To Many Americans; First Check April 6, Second In Mid-May

Source: AP The Treasury Department on Wednesday said it wants to start issuing direct payments to Americans of $1,000, with the first checks issued starting April 6 and a second wave some time in mid-May. The checks, which will go to many Americans, will cost the federal government $500 billion. “The Treasury plan, which requires approval by Congress, also recommends $50 billion to stabilize the airlines, $150 billion to issue loan guarantees to other struggling sectors, and $300 billion to for small businesses. The plan appears to anticipate that some…

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Economic Shutdown Grows, Chinese Virus Closes Vegas Casinos

Source: Matthew McDonald  Steve Sisolak the Governor of Nevada has announced the closure of all nonessential businesses for thirty days in the state of Nevada; this includes all the casinos in Las Vegas. In media remarks given at the State Office Building in downtown Las Vegas, Governor Sisolak said “The closures were happening immediately to further stop the spread of COVID-19, especially in developments showing the increased rate of secondary infection….It is our responsibility, our duty to each other and the most vulnerable Nevadans to each take our role in stopping the spread…

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Zoltan Stares Into The Abyss: Here Is What The Fed Must Do Right Now To Avoid Global Devastation

Two weeks ago, on March 3, before a liquidity panic had gripped capital markets, corporations and global banks, Credit Suisse repo icon and former NY Fed staffer, Zoltan Pozsar issued a recommendation to halt the funding crisis early in its tracks, writing that the Fed should “combine rate cuts with open liquidity lines that include a pledge to use the swap lines, an uncapped repo facility and QE if necessary.” Unfortunately, since then the coronavirus supply chain (and payments) crisis has been joined by the oil price war, which has…

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Dow wipes out gains under Trump’s presidency, still slightly positive since his election

Source: President Donald Trump has long touted market gains under his administration as an endorsement of his economic policies and, on multiple occasions, boasted about the Dow Jones Industrial Average’s gains under his tenure. That was before he was blindsided by an invisible microbe. With the coronavirus spreading economic mayhem across the globe, the Dow’s 1,500-point 7% drop on Wednesday pushed the 30-stock index below the level where it closed on Jan. 19, 2017, the day before Trump took office. The sell-off is part of a historic market meltdown that has wiped…

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Crude, Copper, & Credit Crushed As Stocks ‘Dead-Bat-Bounce’ (Again)

Another day, another ‘dead-bat-bounce’ on absolutely nothing… Makes you wonder eh? [embedded content] China’s cash markets reopened and collapsed as expected… Source: Bloomberg European markets were all higher, thanks to a lurch upwards at the US open… Source: Bloomberg US markets ramped overnight, ramped more at the open, dipped on CDC headlines, then rebounded after Europe closed… Big short-squeeze at the open today… Source: Bloomberg S&P futs were glued around the 3254 level – the gamma flip… Momentum and Value continue to diverge year-to-date – rather stunningly serially… Source: Bloomberg…

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Consumer Confidence At A 5-Month High

Source: SHTFplan.com Mixed in with reports about stagnant wages and the “evil rich” comes some evidence that consumers are still confident the economy is in a good place.  In fact, the consumer confidence index climbed to 131.6 in January from 128.2 the month before. Americans began 2020 with the most confidence in the economy since last summer, buoyed by an interim trade deal with China, a soaring stock market and the lowest unemployment rate in 50 years. Confidence is high by historical standards, though not quite as strong as it…

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What Does Lowest Population Growth In US History Mean For Housing?

Source: Tyler Durden 2019 saw US population growth at its lowest percentage level in US history aside from the pandemic years of 1918/1919 (when the Spanish flu took the lives of nearly 700,000 Americans).  The 0.5% annual growth meant US population grew by approx. 1.55 million persons in 2019. Today, I just wanted to focus on the implications of low population growth on the largest sector of the US economy, housing and in particular new housing starts.  The chart below shows annual total US population growth in millions (red line,…

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Budget Deficit to Break $1 Trillion Despite Strong Economy

‘Both parties in Congress have irresponsibly allowed discretionary spending to grow…’ (Liberty Headlines) An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. The Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to help finance the Affordable Care Act. Those have combined to deepen the government’s deficit spiral well on into the future, with trillion-dollar deficits likely for as far as the eye…

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World About to Learn If $1 Trillion Tech Rally Was a Good Idea

Source: (Bloomberg) — Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1 trillion since October. Now the world finds out if the rally made any sense. Twenty-six constituents are due to report quarterly results next week, including three of the four biggest U.S. companies, over one blistering 48-hour stretch starting Tuesday. With trillion-dollar-plus market capitalizations and a doubling in Apple Inc. since 2018 to account for, it’s possible investors will be in a less-forgiving mood than…

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IMF cuts global economic growth forecasts

Source: (UPI) –– The International Monetary Fund adjusted its 2020 growth outlook slightly downward in a report released Monday, predicting that the world’s economic growth will continue to gain, but at a slower pace. The IMF predicted that economies grew 2.9 percent in 2019 rather than the previously predicted 3 percent and will grow 3.3 percent instead of the previously expected 3.4 percent. The 3.4 percent growth predicted in 2021 is 0.2 down from past forecasts. The agency said the downward movement was mainly due to the downward revisions for India. “The projected…

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The Zombification Of America – Over 40% Of Listed Companies Don’t Make Money

It’s absolutely stunning how the Fed/ECB/BoJ injected upwards of $1.1 trillion into global markets in the last quarter and cut rates 80 times in the past 12 months, which allowed money-losing companies to survive another day. The leader of all this insanity is Telsa, the biggest money-losing company on Wall Street, has soared 120% since the Fed launched ‘Not QE.’ Tesla investors are convinced that fundamentals are driving the stock higher, but that might not be the case, as central bank liquidity has been pouring into anything with a CUSIP. The company has lost…

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“This Is Insanity!” – Jim Rogers Warns Of “Horrible Time” Ahead

The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Rogers, they will continue this “madness” as long as its necessary. In an interview with RT’s Boom Bust, Rogers exclaims, that interest rates around the world have never been this low: “… this is insanity, that’s not how sound economic systems are supposed to work.” In 2008, Rogers notes…

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Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier

The Fed’s charter prohibits its from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do it. Of course, the alternative is what is known as “Helicopter Money”, when the central bank directly purchases bonds issued by the Treasury and forms the backbone of the MMT monetary cult. But what if there is at a several day interval between Treasury issuance and subsequent purchase? Well, that’s…

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2019 Greatest Hits: The Most Popular Articles Of The Past Year And A Look Ahead

Source: Tyler Durden One year ago, when looking at the 20 most popular stories of 2018, we admitted that perhaps as a result of too many conflicting narratives and storylines that emerged in 2017 and earlier in the decade, it was difficult to find a coherent theme to the key events that shook the world, and which you, our readers, found most interesting and notable. Indeed, we said that “it is difficult to say that 2018 provided much needed closure to many of the themes and narratives that emerged in the…

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Overwhelming Majority Of Americans Believe Their Lives Will Improve In 2020 Due To Strong Economy

Source:  Gateway Pundit  America is looking forward to the future again. A new poll finds that 80 percent of Americans believe their lives will get better in the coming year, and it’s all about the economy and Trump. The Democrats and their friends in the media may not understand it, but average working people do. USA Today reports: A USA TODAY/Suffolk University Poll this month asked Americans if they thought things would get better or worse in their own lives in 2020. By an overwhelming 80% to 11%, they predicted their…

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2020: The Year Of The Oil Bankruptcies

Authored by Alex Kimani via OilPrice.com, A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least desirable in the market. The industry has been teetering on the verge of mass hysteria for much of 2019 as a record number of energy companies folded. According to Energy and Restructuring law firm Hayes and Boone’s, a grand total of 50 energy companies filed for bankruptcy during the first nine months of the year, including 33 oil…

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TRULY AMAZING! President Trump SO GOOD that US Has Gone from 1/5th of Global Economy to 1/4th of Global Economy in JUST THREE YEARS

NEVER has the United States had such an AMAZING ECONOMIC PRESIDENT! Under President Trump the US has grown from being one-fifth of the global economy(21.2%) to one-fourth of the global economy (24.8%) in just three years. This is truly AMAZING! The Sun reported, via Powerline: The research also found that the USA now makes up for a quarter of the world’s GDP – the largest share of the world’s economy since 2007. And the American economy is not due to be overtaken by China until 2033 – three years later than forecast.…

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Steven Mnuchin Explains Why $1.5 Trillion In $100 Bills Have Disappeared

Source: ZeroHedge Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to crush volatility and ramp markets: a similar amount in physical currency and precious metals was literally disappearing. The mystery, in a nutshell, was as follows: while banks are printing more bank notes than ever, these seem to be “disappearing off the face of the earth” and nobody knows where or why, or as the WSJ notes, “central banks don’t know where they have gone,…

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Congressional Follies: Trump Is Still Your President

When even CNN reports that the economy is booming and the President’s popularity soaring, what can a Democratic House stuck with loser candidates do? Peddle a phony impeachment. And when the President says, bring it on, I want the same rights you give a felon for a fair trial (in this case, the Senate), what do you do? Refuse to name managers for the trial and fail to move the matter over to the Senate, which according to the Constitution is the body vested with the obligation to decide the matter. Of course, so…

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Sorry Dems, US Employees Are The World’s Happiest

Despite the likes of Elizabeth Warren and AOC constantly complaining about the desperate state of American workers, and how miserable they are under the ‘monarchic’ rule of President Trump, Statista’s Maria Vultaggio points out that, according to a new poll by Mindspace, workers in the U.S. are the happiest in the world. You will find more infographics at Statista More than 5,000 employees worldwide were questioned, with 1,000 people from the U.S. being surveyed. While assessing workplace culture, respondents were asked about wellness, overall happiness at work and engagement. Less happy, 73 percent of U.K. workers…

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LEFT BEHIND IN A “THRIVING” ECONOMY: WE ARE ALREADY IN A DARK PLACE

The world’s future looks bright according to one Forbes reporter.  But before we go through the incredibly bright future, we have to wade through a much darker place.  A place that is far darker than where we are at right now. In an article, Forbes contributor pointed to the inflation lie we are told daily.  While the costs of everything is rising through the roof, those in power are telling us there’s no inflation. What’s the point of this lie? Perhaps it’s to be able to print money and participate in QE4 without the average…

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Ford to add 3,000 jobs in the Detroit area, invest $1.45B

DETROIT (AP) — Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles. The company said Tuesday that about $750 million will go the Michigan Assembly Plant in the Detroit suburb of Wayne, Michigan. “Ford is proud to be America’s number one producer of vehicles and the largest employer of UAW-represented autoworkers,” said Joe Hinrichs, Ford’s president, Automotive. “We appreciate the strong support from the State of Michigan and our local government…

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It’s D-Day For The Repo Market: On Monday $100 Billion In Liquidity Will Be Drained – What Happens Next?

Last week’s apocalyptic report by repo market guru Zoltan Pozsar, which for those who missed it predicted that an imminent market crash and loss of control of overnight rates by the Fed would spark nothing short of QE4, sparked an unprecedented panic at the Federal Reserve, which just two days later unveiled a historic liquidity injection, in which the Fed promised to inject no less than $500 billion in the next 4 weeks to avert a catastrophic freeze in the repo market as we approach the year end “turn”, which would consist not only…

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PETER SCHIFF: INFLATION TSUNAMI WILL SLAM THE U.S.

Source: Mac Slavo According to Peter Schiff, chief executive officer and president of the Westport, Connecticut-based Euro Pacific Capital, an inflation tsunami will slam into the United States. The Federal Reserve’s easy money policies are going to bring the inflation boogeyman back to America with a vengeance. Costs are already rising and wages have not kept up with the spending of the average American. But it will get much worse according to Schiff’s predictions. “The reason the Fed had to start cutting rates was because last year the air really started…

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The Wealthy Are Hoarding Physical Gold

The world’s rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients. In the note published over the weekend, Goldman recommended diversifying long-term bond holdings with gold, citing “fear-driven demand” for the yellow metal. Hedge funds and other large speculators boosted their bullish bets on gold by 8.9% through the week ended Dec. 3, according to government data released last Friday. That represents the biggest gain since the end of September. The Goldman note cited political uncertainty and recession fears as the catalyst for the…

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