Coronavirus
Historic Losses Occur as Wall Street Finally Realizes the Threat That the Coronavirus Poses to the Global Economy
Everything is right on schedule and, now, the time is come to remove one of the final obstacles standing in the way of a New World Order: The United States Constitution – even if, over the course of many decades, it has already been greatly diminished by the B.E.A.S.T. system; or, more specifically, Bullshit Emerging…
“Worst Thing In My Career” – US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression
This didn’t age well… Donald J. Trump✔@realDonaldTrump Highest Stock Market In History, By Far!109K9:42 AM – Feb 19, 2020Twitter Ads info and privacy28.4K people are talking about this A sea of red… The Dow has collapsed from a record high into ‘correction’ in the space of just six days. As we detailed earlier, this is the…
No Financing And No Demand: Chinese Refiners Run Into Trouble
International banks are suspending credit lines for some independent oil refiners worried about the growing risk of defaults across industries because of the coronavirus epidemic, Reuters reports, citing industry sources… According to the sources, at least three private refiners, or teapots, have had credit lines to the tune of $600 million suspended by banks including French…
The World Has Gone Nuts High-Income Taxpayers Now Confronted At Home By IRS Agents
They perverted justice among themselves (v. 7): “You turn judgment to wormwood, that is, you make your administrations of justice bitter and nauseous, and highly displeasing both to God and man.’’ That fruit has become a weed, a weed in the garden; as nothing is more venerable, nothing more valuable, than justice duly administered, so…
Will COVID-19 Lead To A Gold Standard?
Even before the coronavirus sprang upon an unprepared China the credit cycle was tipping the world into recession. The coronavirus makes an existing situation immeasurably worse, shutting down China and disrupting global supply chains to the point where large swathes of global production simply cease. The crisis is likely to be a wake-up call for complacent…
“Tankers, Tankers. Everywhere!” – Virus Causes Historic’ Traffic Jam’ Across Asian Supply Lines
Covid-19’s effect on global energy markets has been disastrous. OPEC slashed its oil demand forecast last week, and Goldman Sachs doubled down on its bearish oil take and has cut its oil price target by $10 to $53 for the year, as a result of a “demand shock” that is set to collapse Chinese oil consumption by 20%, or…
The Dilemma Facing China Is Truly Awful
As has been the case since Monday’s sell-off, there is an attempt to try to look on the bright side of the virus headlines. Chinese officials are spreading the word globally that things are under control and that other country should not be closing their borders to China, in line with the WHO recommendations that…
Coronavirus And The “Unsinkable” Titanic Analogy
Unthinkable doesn’t mean unsinkable. As we all know, the “unsinkable” Titanic suffered a glancing collision with an iceberg on the night of April 14, 1912. A half-hour after the iceberg had opened six of the ship’s 16 watertight compartments, it was not at all apparent that the mighty vessel had been fatally wounded, as there was…