ECONOMY | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

ECONOMY

Apr 21 08:59

CRITICAL ALERT: The Debt Market WARNS..

Apr 21 07:00

Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest exodus of corporate CEOs that we have ever seen. And as you will see below, corporate insiders also sold off billions of dollars worth of shares in their own companies just before the stock market imploded. In life, timing can be everything, and sometimes people simply get lucky. But it does seem odd that so many among the corporate elite would be so exceedingly “lucky” all at the same time. In this article I am not claiming to know the motivations of any of these individuals, but I am pointing out certain patterns that I believe are worth investigating.

Apr 21 06:43

Merkel May Survive The Coronapocalypse, But The EU Won't

Authored by Tom Luongo via The Strategic Culture Foundation,

No matter how hard I try to dig German Chancellor Angela Merkel’s political grave she proves more adept at staying alive than a cockroach in a woodpile. And the recent fight amongst European Union members over “Coronabonds” has proven yet another escape path for her to avoid political termination.

Thanks to Merkel holding the line on debt mutualization and EU fiscal integration, which is very unpopular in Germany, her Christian Democratic Union (CDU) is now polling at levels it hasn’t enjoyed since before the last general election in 2017.

Apr 21 06:40

Rather Than Being Drained, the Swamp Is Draining the U.S. Treasury Via the New York Fed

The Federal Reserve’s role under the U.S. law that governs it (the Federal Reserve Act) is to function as the nation’s central bank and lender of last resort to deposit-taking commercial banks in a crisis and to set monetary policy to achieve the dual objectives of stable prices (preventing deflation as well as runaway inflation) while maximizing employment.

But since December 2007, the Federal Reserve has simply written its own playbook, independent of the law that governs it. The Fed has decided to outsource to one of its 12 regional Federal Reserve banks, the New York Fed, the role of propping up the swamp on Wall Street.

The New York Fed’s own playbook involves dangling a shiny object for mainstream media in a “look here but not there” operation. During the 2008 financial collapse on Wall Street that took down the U.S. economy in the worst crisis since the Great Depression, the shiny object was a four-letter acronym called TARP, short for Troubled Asset Relief Program.

Apr 21 06:35

United Reports $2.1BN Loss As Airlines Brace To Fire 100,000 Once Bailout Loans Expire

United Airlines confirmed the carnage hitting US airlines today when it reported a $2.1 billion loss for first quarter as the coronavirus pandemic drove travel demand down to the lowest level in decades.

Apr 21 06:33

Are We Brewing a New Feudalism? The Economy is Being Destroyed

The answer to the question is “YES.” The large bailed-out creditors will end up with the property of the non-bailed-out debtors who are being pushed deeper into debt with “bail-out loans” and fees and penalties for missed debt payments. Write-offs for the One Percent, and more indebtedness for everyone else.

Apr 21 06:26

Iowa Sends National Guard Troops to Defend Meat Plants From Virus

Hundreds of National Guard personnel are being activated in Iowa as coronavirus sweeps through meat-processing plants in a state that accounts for about a third of U.S. pork supply.

Iowa Governor Kim Reynolds said 250 National Guard members have been moved to full-time federal duty status and could help with testing and contact tracing for workers at plants operated by Tyson Foods Inc. and National Beef Packing Co.

Activating guard soldiers is the latest attempt to contain the disease, which has forced a growing number of slaughterhouses and meat-processing plants to slow or halt operations.

The disruptions are stoking concerns for eventual fresh-meat shortages in grocery stores as well leaving some farmers without a market for their animals. That’s pushing down prices for hogs and cattle, while making meat more expensive. Wholesale pork posted its biggest three-day gain in six years.

Webmaster's Commentary: 

If you can go in with a friend or friends for a small, efficient freezer, now may not be a bad time; meat prices are going to get worse, before they get better.

Apr 21 06:11

22 MILLION FILE FOR UNEMPLOYMENT INSURANCE AS UNEMPLOYMENT RATE IS NOW FULLY IN DOUBLE-DIGITS.

The massive surge in unemployment.

The sectors that employ most Americans in raw numbers are the positions that pay the least and have little to no health insurance coverage. So this crisis has compounded the two areas they are most vulnerable: financial and healthcare. The crisis has of course slammed the most susceptible people first but many other sectors will follow.

First, let us look at the employment damage:

This chart is simply stunning. And the only reason the numbers didn’t seem so bad last week is that we had a 4-day work week and one day was shaved off. This week will have another few million people filing for unemployment insurance (if they can even get through) and this will be adding to an already high figure.

Webmaster's Commentary: 

This nightmare scenario will continue to unfold, lousy number by lousy number; of course, the Democrats in both state governments and Congress, are hell-bent on a total destruction of the US, to get their "Man in the Sand", Joe Biden, elected come November.

But will he?!? Folks, were I a betting woman, I would almost BET that there will be an eleventh hour, end run around Biden, who continually is showing all the signs of failing mental health, and potentially dementia. Those few Democrats still in their collective right mind, CANNOT allow him to to take the oath of office in January, should he win in November, because by that time, he will most likely be drooling in his shoes, not a flattering image for a former Vice-President of the US.

So, what to do, what to do?!?

My guess is that they may throw in Michelle Obama as VP "place holder", who is still wildly popular with Democrats; in fact, she just had a "Virtual Registration Event, with Tom Hanks and Rita Wilson, about mailing in ballots, as opposed to voting in official precincts. Tom Hanks, Rita Wilson, join Michelle Obama in a Mail-In Voter Registration Event.

Would this be the way, and the time, where she would launch her campaign, allegedly for Vice-President, and eclipse Biden all at the very same time?!?

Right now, I would not bet against her on this; although I may not care at all for her politics, I still respect the reality that she is a very bright and creative lady.

Oh, and here's the latest Biden quote on Michelle Obama, courtesy of dailymail.co.uk: 'I'd take her in a heartbeat': Joe Biden says he would love to have Michelle Obama as his running mate - despite her insisting she has 'no intention of running for office, ever'

American voters could find themselves very surprised at their choices come November. And just when things could not appear more strange for the DNC, comes this following "bitlet" of information, courtesy of gatewaypundit.com:

Michelle Obama Given PBS Show After Democrats Gave Public Broadcaster $75 Million in Coronavirus Relief Bill

Will we have one former talk show host, confronting another current talk show host in the 2020 election in the US?!?

Stay tuned, folks!! :-)

Apr 21 06:10

US oil prices plunge below zero for first time in history due to coronavirus COVID-19 crisis

In a first, United States oil prices plummeted to negative on Monday (April 20) as the demand for energy plunged sharply due to the coronavirus COVID-19 pandemic. According to The New York Times, the fuel storage tanks in the United States were near capacity making it tough for the companies to hold all the unused crude.
As a result of the unprecedented crash in oil prices, US stocks also plunged 592 points. The fall of May benchmark into negative territory means that oil producers are willing to pay buyers to take the commodity off their hands. The massive fall in demand for oil has forced the oil firms to rent tankers to store the surplus supply and this is the main reason why the price of US oil into negative territory.

Apr 21 05:44

22 MILLION FILE FOR UNEMPLOYMENT INSURANCE AS UNEMPLOYMENT RATE IS NOW FULLY IN DOUBLE-DIGITS.

The massive surge in unemployment.

The sectors that employ most Americans in raw numbers are the positions that pay the least and have little to no health insurance coverage. So this crisis has compounded the two areas they are most vulnerable: financial and healthcare. The crisis has of course slammed the most susceptible people first but many other sectors will follow.

First, let us look at the employment damage:

This chart is simply stunning. And the only reason the numbers didn’t seem so bad last week is that we had a 4-day work week and one day was shaved off. This week will have another few million people filing for unemployment insurance (if they can even get through) and this will be adding to an already high figure.

Webmaster's Commentary: 

This nightmare scenario will continue to unfold, lousy number by lousy number; of course, the Democrats in both state governments and Congress, are hell-bent on a total destruction of the US, to get their "Man in the Sand", Joe Biden, elected come November.

But will he?!? Folks, were I a betting woman, I would almost BET that there will be an eleventh hour, end run around Biden, who continually is showing all the signs of failing mental health, and potentially dementia. Those few Democrats still in their collective right mind, CANNOT allow him to to take the oath of office in January, should he win in November, because by that time, he will most likely be drooling in his shoes, not a flattering image for a former Vice-President of the US.

So, what to do, what to do?!?

My guess is that they may throw in Michelle Obama, who is still wildly popular with Democrats; in fact, she just had a "Virtual Registration Event, with Tom Hanks and Rita Wilson, about mailing in ballots, as opposed to voting in official precincts. Tom Hanks, Rita Wilson, join Michelle Obama in a Mail-In Voter Registration Event.

Would this be the way, and the time, where she would launch her campaign for President, and eclipse Biden at the very same time?!?

Right now, I would not bet against her on this; although I may not care at all for her politics, I still respect the reality that she is a very bright and creative lady.

American voters could find themselves very surprised at their choices come November.

Apr 21 05:31

UK Faces ‘Permanent Scarring’ to the Economy with Nearly 12 Million out of Work by the Summer

A report found that the economic fallout from the Chinese coronavirus pandemic will leave 11.7 million Britons out of work by the summer, as the Treasury warns that the national lockdown will have a permanent impact on the economy.

Analysis conducted by the Reason Foundation, an independent think tank, found that an estimated 8.3 million people may be furloughed from work under the coronavirus Job Retention Scheme, up from the three million initially assumed by the Treasury. An additional 3.4 million people are expected to be unemployed during the second quarter of this year.

Apr 21 05:23

China's post-pandemic power grab: Beijing is desperate to overtake America as the world's economic superpower - and with the West brought to its knees by the virus, who can stop it

On Saturday, the Mail launched a new series uncovering China's role in fuelling the coronavirus pandemic. We have investigated claims about the origins of the virus in Wuhan and documented the cover-up of the outbreak by the Chinese authorities. Today, in the concluding article, we explore fears that China is in prime position to exploit the West's economic implosion in the wake of Covid-19.

Apr 21 05:04

Branson to mortgage Caribbean island as he seeks Virgin bailout

Sir Richard Branson has said he will mortgage his private Caribbean island to raise money to help his Virgin Group empire, as he pleaded with the UK government to step in and save his Virgin Atlantic airline from collapse.

Branson, who is the UK’s seventh richest person with an estimated £4.7bn fortune, and has lived tax-free on Necker Island in the British Virgin Islands for the last 14 years, promised in a public blogpost on Monday that he would “raise as much money against the island as possible to save as many jobs as possible”.

Branson, 69, made the pledge as he tried to convince the government to give his airline a £500m loan to help it through the “devastating impact this pandemic continues to have”.

Apr 21 05:03

The Next Giant Industry In Need Of A Bailout

Apr 20 19:57

INSANE: Rashida Tlaib Proposes Minting Trillion Dollar Coins to Pay Off Stimulus Spending Binge

Rep. Rashida Tlaib (D-MI) is attempting to exploit the coronavirus pandemic in order to institute radical socialism. She and her cohorts want a $1 trillion dollar coin to be minted in order to pay off a proposed spending binge.

Tlaib has joined with Pramila Jayapal (D-WA) to introduce legislation that would send $2,000 per month to Americans that would be paid off by a couple of $1 trillion dollar coins. This inflationary measure could send the U.S. economy into a tailspin if enacted.

Apr 20 15:41

Disgusted!

I can't listen to the show with that guy going on and on with the fear porn. Aren't their any other callers that could be put on. This guy is on their day after day spewing his BEX!

Apr 20 15:32

U.S. oil futures trade negative for first time in history

OPIS Global Head of Energy Analysis Tom Kloza joins Yahoo Finance’s Seana Smith to break down the latest energy news, as U.S. oil futures trade negative for the first time in history.

Apr 20 14:39

Oil prices plunge below zero, sending stocks lower

This is really bad. A total collapse of oil prices.

NEW YORK (AP) — Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it.

Apr 20 14:00

What if the lockdown was all a big mistake?

Governments have no right or authority to tell us what business or other activity is “essential.” Only in totalitarian states does the government claim this authority. We should encourage all those who are standing up peacefully and demanding an accounting from their elected leaders. They should not be able to get away with this. — Ron Paul

Apr 20 13:53

Most Americans Are Not Going To Be Able To Handle What Is Ahead

Of course it is just a matter of time before an even bigger crisis than this pandemic comes along, and if we are failing so badly this time around, how in the world will people be able to handle something even worse?

Apr 20 13:47

Have Five Weeks of This Mad Lockdown Panic Actually Done Us good?

The report from the Office for Budget Responsibility has made clear that the damage done by crashing the economy is deep and dangerous. It may last for many years. And much of it was avoidable. -- Some police officers have also acted with shocking arrogance, and appeared to enjoy it. The harm done by this behaviour may never be repaired. -- I suspect that many of you know this in detail.

The pain is spreading fast in the form of strangled business, often small enterprises built on brave risk-taking and mortgaged homes. Many are now sinking into bankruptcy – not because they failed, but because the Government’s policy killed them. - Then there are the vanishing jobs, the wage cuts which many are already experiencing, and which more face with every day that this shutdown continues.

Apr 20 12:51

Credit Suisse view on the S&P500

Apr 20 11:24

Recession, Depression or Something Else?

Apr 20 11:01

The Destructive Force Of Bank Credit

Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it. Central banks always ensure their stimulus is greater, so inflation, not deflation, is always the outcome.

In order to understand bank credit, we must enter the mind of a banker and understand how it is created, why it is expanded and why expansion is always followed by a sharp contraction.

But we have now moved on from a simplistic credit cycle model, given the global economy was already facing a tendency for bank credit to contract before the coronavirus drove supply chains into the greatest global payment crisis in history. The problem is now so large that to maintain both economic stability and price levels for financial assets the central banks, led by the Fed, will have to issue so much base currency that fiat currencies will become almost worthless.

Apr 20 10:59

Goldman Now Sees A 123% Plunge In Q2 S&P Earnings, $850BN Drop In Corporate Cash Spending

With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have missed consensus expectations, on pace for the highest rate since at least 1998 with earnings set to drop by 15% Y/Y, but it's Q2 where the real pain will be with Goldman now expecting S&P 500 to plunge by a record 123% plunge.

As a result, the very same Goldman which last week announced it no longer expects the S&P to retest the lows and pulled its S&P to 2,000 base case while predicting that stocks will surge to 3,000, which would make forward PE multiples just shy of a bizarro-world 30x, now forecasts S&P 500 cash spending will decline by an annual record 33% during 2020 as firms prioritize liquidity in a worsening economic environment.

Apr 20 10:58

CLOs Face "Extinction Level Event" As Moodys Prepares To Downgrade A Fifth Of All CLO Bonds

Over the past month, in its quest to bailout the richest Americans and the country's financial system, the Fed has unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bonds and even AAA-rated CLO bonds.

It won't be enough.

In what would mark the most draconian and widespread ratings action since the financial crisis, on Friday Moody's warned it may cut the ratings on $22 billion of U.S. collateralized loan obligations - a fifth of all such bonds it grades - as a result of the collapse in cash flows due to the Covid-19 pandemic.

The ratings agency took action on 859 bonds from 358 CLOs that package leveraged loans into securities of varying degrees of risk and return. The step - which according to Bloomberg affects about 19% of Moody’s-rated CLOs that purchase broadly syndicated loans - comes as the underlying debt gets downgraded at a record pace.

Apr 20 10:57

Von Greyerz: A Hyperinflationary Depression Has Always Been The Inevitable Endgame

A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus. It could start anywhere but the most likely first countries are the US and the EU or ED (European Disunion). They will quickly be followed by many more like Japan and most developing countries. Like CV it will quickly jump from country to country with very few being spared.

CURRENT INTEREST RATES ARE A FALSE INDICATOR

Apr 20 10:56

US National Debt Skyrockets to Levels Unseen Since WWII Amid COVID-19 Shutdown

The United States government and the Federal Reserve have taken unprecedented fiscal measures to keep the economy afloat and prevent a new Depression in recent weeks, introducing round after round of new spending and loan guarantees to the tune of trillions of dollars.

The US’s national debt and American corporate debt have hit record levels thanks to the coronavirus pandemic, with fears growing that liabilities soon may reach a “tipping point” that the country may find impossible to dig out of, the Washington Post has reported, citing multiple economists and bank analysts.

Congress and the Federal Reserve have moved to inject over $6 trillion in stimulus spending into the economy in recent weeks to deal with the economic dislocation caused by the COVID-19 pandemic, with much of the money going to corporations and big banks, while ordinary Americans get one-time $1,200 checks and promises of free hospital visits if they have the coronavirus.

Apr 20 10:56

2.9+ Million Homeowners In Forbearance Plans

Apr 20 10:26

A Quarter of UK Jobs to Be Lost During Coronavirus Lockdown, Study Predicts

The United Kingdom is facing a potentially dire economic crash due to the continued national lockdown, implemented to enforce social distancing amid the coronavirus crisis. Unemployment figures could be facing up to a 70% rise in certain sectors.

Unemployment figures could rise by 6.5 million due to the economic crash resulting from the UK’s coronavirus lockdown measures, a new study has revealed on Saturday.

In the research, released by the University of Essex's Institute for Social and Economic Research (ISER), leading professors outline the impact on jobs on a sector-by-sector basis, concluding that the UK could see job losses equalling roughly a quarter of total jobs, with some sectors expected to suffer more than a 50% headcount decline.

Apr 20 10:26

COVID-19 Pandemic Threatens to Take the Fizz Out of Beer, Soda

The decline in ethanol production in the United States has impacted various sectors of the food industry, as ethanol manufacturers regularly supply carbon dioxide to beer and soft drinks makers.

It seems that the ongoing coronavirus crisis and its impact on the global economy may also be having a detrimental effect on the quality of beer and soda in some countries.

According to Reuters, the production of ethanol in the United States has witnessed a sharp decline due to the drop in gasoline demand.

And since ethanol producers serve as key suppliers of the carbon dioxide which beer and soft drinks makers use for their carbonation, this "is disrupting this highly specialized corner of the food industry".

Apr 20 10:25

Oil Glut: At Least 160 Million Barrels Are Held in Tankers Amid Lack of Onshore Storage

The coronavirus pandemic and related self-isolation measures have triggered a massive fall in global demand for oil. Traders are now struggling to find storage space for excess crude, hoping that demand will increase rapidly once the lockdowns are lifted.

A record 160 million barrels of oil is currently being stored in large tankers outside shipping ports due to a lack of storage space, Reuters reported citing sources from the shipping industry. This represents the highest level of tanker-stored oil since 2009, when over 100 million barrels were floating at sea, and double a previous estimate from two weeks ago.

Apr 20 09:58

The CARES Act and sentiment

Apr 20 09:29

Jeff Bezos is the planet’s richest man, and Covid-19 is making him ever wealthier. But he’s also the world’s most selfish man

While the rest of us nervously await our fates in the looming economic armageddon, the Amazon founder’s wealth shot up by $24 billion this week, to $138 billion. Fear not, though: he’s kindly giving 0.1% of it to some food banks.
At first glance, Jeff Bezos appears to be one of those lucky entrepreneurs whose phenomenal success is rooted in a few core business beliefs. But after I read up on him last night, this famous Groucho Marx quote sprung to mind: “Those are my principles; if you don’t like them… well, I have others.”

Amazon might tell us that “Speed matters in business” – it is one of the company’s main leadership principles – but Bezos, as reflected in his modus operandi so far during the pandemic, has also clearly bought into Gordon Gekko’s dubious philosophy of “greed is good.”

Apr 20 08:50

More than HALF of Los Angeles residents are unemployed with 1.3M jobs lost in a month after coronavirus forced California lockdown

More than half of Los Angeles residents are now unemployed just one month after Gov Gavin Newsom was forced to issue a statewide lockdown order in a bid to curb the spread of the novel coronavirus.

The Understanding Coronavirus in America Study, led by the USC Dornsife Center for Economic and Social Research (CESR), showed a continuing loss of jobs nationally and especially in Los Angeles County, where 495 people have died from the virus and more than 11,000 have been infected.

Only 45 per cent of Los Angeles residents still have a job, according to the survey that was conducted from April 1 to 14. This illustrates a significant rise in unemployment since mid-March when at least 61 per cent of workers were still employed.

The decline represents about 1.3 million jobs. Nationally, the number fell 10 percentage points to 52 per cent.

Apr 20 08:49

Neiman Marcus to file for BANKRUPTCY and close its two NY Bergdorf Goodman stores after furloughing 14,000 employees - becoming the first major US department store to shutter amid coronavirus pandemic

Neiman Marcus Group, one of the largest retailers in the United States, is reportedly ready to file bankruptcy amid the COVD-19 pandemic after defaulting millions in bond payments last week and furloughing 14,000 employees.

Neiman Marcus would become the first major US department store to crumble amidst the economic set backs from the coronavirus outbreak.

Reuters reported the company had few options after the coronavirus spurred lockdowns that shuttered non-essential businesses, including all 43 of their stores.

This includes Last Call stores and its two New York City Bergdorf Goodman department stores.

Apr 20 08:27

Status of Home Mortgages and CLOs

Apr 20 08:10

Insider Trading? Huge Bet Made Shortly Before STAT News Report Touting Gilead's Remdesivir Results

STAT News writer Adam Fuerstein's market-moving article on Thursday touting leaked early trial results for Gilead's drug Remdesivir is raising suspicions and has one congressman calling for a Securities and Exchange Commission investigation.

Apr 20 07:20

White Helmet Tactics Come to the US to Bulk Up the Covid Rouge

Supposed nurses in Denver staring down anti-lockdown protesters supposedly to prevent gridlock that would block ambulances:

How come “nurses” have time to “counter-protest”? Aren’t we in some kind of a pandemic they’re the supposed heroic “front-liners” in?

Or perhaps they are nurses who have been furloughed because hospitals have in fact never been emptier? But then why would furloughed nurses be mad at protesters fighting for their jobs?

We would know more but these “nurses” decline to say which Denver hospital they are supposedly from. Why?

We may soon learn these are “nurses” like the White Helmet acting troupe are rescuers from rubble.

Apr 20 05:36

Meat Prices Suddenly Surge As Food Processing Plants Shut Down, With 1000s Of Tons Left To Spoil

As we pointed out earlier in the week, China-owned Smithfield Food's decision to temporarily shutter the largest pork processing plant in the US, based in Sioux Falls, SD, due to a coronavirus outbreak is a much more significant even than the mainstream media gave credit for. While WaPo focused on bashing the state's governor, whose refusal to issue a 'stay at home' order was blamed for the outbreak, the real significant wasn't accorded sufficient time and attention, we feel.

The real takeaway here, is that the supply chain for American staples was badly damaged by the outbreak, with the damage still more extensive and stubborn than government officials have really acknowledged. Two months on, and millions of Americans are still having trouble finding toilet paper and sterilizing wipes. A comprehensive list of products in perpetual short-supply would be quite lengthy, at this point.

Apr 20 05:36

"The Default Cycle Has Officially Started"

We didn't really need any more confirmations. In recent weeks, as the US economy came to a screeching halt because of the coronavirus pandemic, we have seen banks take over $20 billion in reserves in anticipation of a looming default wave (a five-fold increase if not nearly enough based on historical precedent)...

Apr 20 05:28

Coronavirus lockdown puts nearly 12 MILLION Britons out of work: Firms have furloughed or laid off a third of country's employees, shock report finds

More than 11 million Britons have been furloughed or left unemployed by the economic shutdown due to coronavirus.

Shocking new figures reveal that nearly a third of British workers have been affected by the downturn that has seen many businesses shuttered and employees unable to work.

The lockdown is pushing many firms to the brink of collapse, with one report warning today that up to 11.7million people could be furloughed or left jobless in the three months to the end of June.

Chancellor Rishi Sunak is facing mounting pressure to boost his business bailout so that the Government increases its guarantee on loans to struggling firms to 100 per cent.

Apr 20 05:19

Peter Schiff: This 'Is' A Financial Crisis

Apr 20 04:52

Warning from grocery store manager…

I’m a manager at a high volume 100k sq ft grocery store in the mid Atlantic. Part of a popular chain. Grocery truck last night was 1,000 cases smaller than ordered (system order. Most items cannot be store ordered and are warehouse controlled at this point). All perishable trucks were cancelled. Rumor that grocery truck tonight might be cancelled. Frozen 90% empty. Only ice cream remains. Dairy 70% empty. Perishable areas will be wiped if no resupply today. Ditto for Grocery. Running 2- 3 trucks behind, that’s 6k- 9k cases. No truck tonight= empty store tomorrow.

Very high sense of urgency with customers. Border line panic level. Stores in this area are now starting to close earlier than normal to try to re stock. My understanding is some competitors in the area will NOT be reopening for business today. It is very real. Never have seen this before even with hurricane land fall imminent here. Been in the industry 20+ years.

Apr 19 18:19

'We needed to go': rich Americans activate pandemic escape plans, preppers flee to New Zealand

As coronavirus infections tore across the United States in early March, a Silicon Valley executive called survival shelter manufacturer Rising S Co. He wanted to know how to open the secret door to his multimillion-dollar bunker 11 feet underground in New Zealand.

The tech chief had neve­r used the bunker and couldn't remember how to unlock it, said Gary Lynch, general manager of Texas-based Rising S Co. "He wanted to verify the combination for the door and was asking questions about the power and the hot water heater and whether he needed to take extra water or air filters," Lynch said. The businessman runs a company in the Bay Area but lives in New York, which was fast becoming the world's coronavirus epicenter.

"He went out to New Zealand to escape everything that's happening," Lynch said, declining to identify the bunker owner because he keeps his client lists private. "And as far as I know, he's still there."

Apr 19 13:43

The Coronavirus Death Toll Numbers Game

To the casual observer, there appear to be ‘hot’ pockets of coronavirus infections in certain areas of the country such as NYC which reportedly has been ravaged by CV infections as well as the State of Michigan which, according to its Democratic Governor Gretchen Witmer, has registered the “third highest number of COVID 19 cases in the country.“

Yet those ‘hot’ pockets do not explain why the number of fatalities would be so dramatically beyond a statistical norm unless the cause of death is more of a judgment i.e. political call as opposed to relying on a medical diagnostic laboratory-confirmed test.

Apr 19 12:26

An anti-lockdown protest in Austin, Texas, drew anti-vaxxers and Trump supporters chanting 'Fire Fauci'

Protesters against the state's extended stay-at-home order to help slow the spread of the coronavirus disease (COVID-19) demonstrate at the Capitol building in Austin, Texas, U.S., April 18, 2020. REUTERS/Callaghan O'Hare

Apr 19 12:17

Why You Can’t Trust the FDA, the WHO, the CDC, the AAP, Merck, GlaxoSmithKline, Sanofi or Pfizer

“The FDA receives 45% of its annual budget from the pharmaceutical industry. The World Health Organization (WHO) gets roughly 50% of its budget from private sources, including Big Pharma and its allied foundations. And the CDC, frankly, is a vaccine company; it owns 56 vaccine patents and buys and (very profitably) distributes $4.6 billion in vaccines annually through the Vaccines for Children program, which represents over 40% of its total budget.” -- Robert F. Kennedy, Jr

“The American Academy of Pediatrics (AAP) derives a majority of its outside contributions - estimated at more than $25 million per year - from pharmaceutical companies that make vaccines. The pediatricians that the AAP represents derive the majority of their annual revenues from the administration of vaccines to their pediatric patients.) -- J.B. Handley

Apr 19 12:14

Anthony Fauci, the "Learned Ignoramus"

04/17/2020Zachary Yost

As the COVID-19 shutdown across the US continues, one cannot but help see the importance of specialization and the division of labor time and time again, as many Americans deal with true shortages of goods for the first time in their lives. Specialization has allowed us to enjoy a much more prosperous life than we would were we all to do everything ourselves. However, as with everything in this imperfect world, specialization comes with certain tradeoffs that are important to understand. As the unemployment numbers continue to rise by millions more every week, as meager savings are eliminated, and as our highly organized society slides into chaos it is important to understand the way in which an unbalanced intellectual specialization has contributed to bringing about the current crisis.

Apr 19 12:07

Sheriffs denounce Gov. Evers’ Safer at Home extension, ask for alternative plan

JUNEAU, Wis. — Two Wisconsin sheriffs have spoken out against Gov. Tony Evers’ extension of the Safer at Home order and asked the governor to develop other plans for reopening Wisconsin’s economy.

Apr 19 11:16

Bill Gates wife Melinda reveals billionaire 'prepared for years' for coronavirus pandemic

My opinion,neither China or the US did this. I think we know who the main suspect is.

BILL GATES' wife, Melinda, revealed she and the American billionaire had been preparing for years for a global pandemic storing food in their basement.

Apr 19 10:21

Hundreds gather in California to protest stay-at-home orders

More than 200 protestors gathered in Huntington Beach, California, in what was the latest demonstration in the United States against stay-at-home orders under the novel coronavirus pandemic.

The "March for Freedom" event took place Friday afternoon at the intersection of Walnut and Main streets in the downtown area of Huntington Beach, about 40 miles southeast of Los Angeles.

Apr 19 08:19

Is Stock Rally Getting Too Thin?

Apr 19 07:26

THIS IS HUGE: Stanford’s Antibodies Study Wraps Up, Shows Covid-19 Is 50x More Prevalent and 50x Less Deadly Than Believed

The heavily anticipated (at least by Anti-Empire) Stanford University antibodies test of a representative population has now concluded. Professor Doctor John Ioannidis reports:

Apr 19 06:41

The Best Setup For Stocks?

Apr 19 05:58

US torpedoed the entire global economy to stop China's rise

This is very interesting news that Israel is now saying that US intelligence warned them in November about a potentially catastrophic pandemic in Wuhan, China, and apparently other US allies were also warned in November.

This confirms what ABC News reported earlier this week and, of course, the Trump administration denied it. You’re not supposed to believe anything until it’s been denied maybe twice or three times. So we'll have to wait for a couple more denials before we can be sure that this is true.

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