Once the quarantine is over, there will be time to explore and observe how society has evolved rapidly. Well, by the time everyone makes it out of the house this summer, we all might be ushered back into quarantine by…
SoftBank Reports Stunning $25 Billion Q1 Loss
In an announcement that should surprise absolutely nobody who has been paying attention to WeWork fiasco, SoftBank announced in a corporate filing on Monday that the Japanese telecom conglomerate with a VC arm expected to report the biggest loss in…
US deficit to soar to record $3.8 trillion in 2020
US deficit to soar to record $3.8 trillion in 2020, budget watchdog group Committee for a Responsible Federal Budget says. A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 US budget deficit to a record…
FED To Start Buying Junk Bonds
As free markets are actually dead, back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, many analysts said “now that the Fed is effectively all in, it will buy stocks and junk bonds next.” Two weeks…
Schedule of the delayed OPEC+ webinar
The delayed OPEC+ webinar on Thursday will arguably be the most important gathering of ministers to date, with countries outside OPEC+ also poised to potentially tune into the discussions, thus presenting scope for coordinated action. The meeting is due to…
EU approves food made from worms & insects
As Vietnam bans export of rice and India on total lockdown, food crisis is not so distant probability. EU plans to drop rules preventing some countries from serving up insects and worms for human consumption. I know that getting a…
Emerging Markets After $18 Trillion Global Equity Wipeout
Emerging market stocks trade at record 65% discount to U.S. after $18 trillion global equity wipeout. The global financial rout triggered by the pandemic wiped $18 trillion off global equity markets in the year to date, and emerging markets, in…
Talmudist Hacker Who Took Down Telecoms, Banks And The Whole Country
Daniel Kaye, 29, a dual British and Israeli citizen, used 1.5 million security IP cameras to attack Lloyds Banking Group, Barclays Bank and Deutsche Telecom, and attempting to blackmail them. This Talmudist sociopath later took down the whole country – Liberia….
Oil rallies 24 to 36% within minutes after Trump says he spoke to Putin, MBS and expects Saudis, Russia to announce 10 million barrel cut
Saudis and Russia deny every Trump’s word. Brent oil shoot up 36% (temporary) and West Texas up 24% This was the most expected market event amongst commodities traders. The President later said in a tweet that a production cut would be…
Ford Is Delaying North American Production Indefinitely
There are basically no U.S. auto sales right now. With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two…
Some political action is expected on the US oil market
Insider circles report that president Trump’s administration is considering many different ideas to save the US oil industry. One option is an import embargo. Another interesting option is fee on imported oil, which is the cheapest way to save the sector. The…
Pentagon moves the backup HQ to the bunkers
Pentagon Orders Essential Staff To Deep Underground Mountain Bunkers in Colorado As Pandemic Prep Escalates. North American Aerospace Defense Command (NORAD) & the US’ Northern Command (NORTHCOM) held a Facebook Live town hall meeting on Tuesday, March 24, informing the public how…
Bailouts for the Rich, the Virus for the Rest of Us
For the second time in a generation, the President and Congress are creating an artificial economy under the guise of ‘saving the economy.’ Through bailouts for the executives of corporations and institutions whose coffers have been emptied for their own…
The Real Reason for The Rescue: JPM and Citi Have $2.96 Trillion in Exposure to CDS
JPMorgan Chase and Citibank Have $2.96 Trillion in Exposure to Credit Default Swaps. According to the most recent report from the regulator of national banks, the Office of the Comptroller of the Currency (OCC), JPMorgan Chase has exposure to $1.2 trillion in…
Ford and 3M Designers Making Respirators Out of F-150 Seat Coolers
Ford and 3M Designers Go MacGyver, Making Respirators Out of F-150 Seat Coolers, Power Tool Batteries and Pool Supply Hoses. Their creative collaboration combines off-the-shelf components with digital fabrication and ingenuity. To help fight the COVID-19 crisis, Ford and 3M’s…