McConnell Says He Favors Letting States Declare Bankruptcy
Bloomberg | “I would certainly be in favor of allowing states to use the bankruptcy route.”
Tag: Money Watch
Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’
CNBC | “An exciting turning point in history.”
The Oil Price Collapse Is Yet Another Sign That Economic Activity Is Crashing Dramatically All Over The World
Michael Snyder | The insanity that we are currently witnessing in the financial markets is difficult to believe.
Germany and others need to fund the post-virus recovery across Europe, Spanish minister says
CNBC | Germany needs to understand it will have to fund the post-pandemic recovery across Europe, Spain’s economy minister told CNBC Monday, just days ahead of another pivotal meeting for the European Union (EU).
Insider Trading? Huge Bet Made Shortly Before STAT News Report Touting Gilead’s Remdesivir Results
Information Liberation | Trader Tian Zeng on Thursday night highlighted a suspiciously timed large bet that Gilead’s stock would surge within around 24 hours.
Killed By The Coronavirus Lockdowns: 1000s Of U.S. Businesses That Were Shut Down Will Be Closed Permanently
Michael Sndyer | The road ahead is going to be filled with immense pain, and most Americans are not going to be able to handle it.
Morgan Stanley: Rushing To Reopen The Economy Would Backfire
Zero Hedge | “In short, we don’t see a trade-off between what’s required to control coronavirus cases and a better long-run impact for markets and the economy.”
George Soros Org Commits $130M to Virus Relief: ‘What Kind of World Will Emerge from This Catastrophe?’
Breitbart | “The scale of this pandemic has laid bare the fault lines and injustices of our world,” George Soros, chairman of the Open Society Foundations, said in a statement.
Houston: The Banks Have A Huge Problem
Zero Hedge | Banks will have to take another $75-$100BN in reserves on loans that go bad.
US Airlines, Treasury Department Reach Deal For Billions In Bailout Aid
Zero Hedge | As part of the deal all major US carriers including Alaska Airlines, Allegiant Air, American Airlines, Delta, Frontier, Hawaiian, JetBlue, United, SkyWest and Southwest will participate in the payroll support program.
Morgan Stanley Publishes Full Timeline Of Upcoming Coronavirus Milestones; Sees Second Coronavirus Peak In December
Zero Hedge | While the first wave of the pandemic appears to be approaching its zenith, the big concern is that a second, even more powerful wave may emerge afterwards if the Spanish flu pandemic is any indication.
Deutsche Bank: “There Is No Such Thing As A Free Market Anymore”
Zero Hedge | All developed central banks have cut rates to zero and buying trillions of assets. Inflation is very low.
The Elites Are Already Prepared For The Coming Collapse Of The Dollar Bubble
Brandon Smith | Today, stock market investors are hoping desperately for Weimar-style hyperinflation to boost equities prices to dizzying heights in what some call a “crack-up boom”.
Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years
Zero Hedge | It probably wasn’t always easy to part with the $2 million each year.
COVID-19 To “Shock” US Economy Into Deep Recession, 13% Unemployment By June, WSJ Survey Says
Zero Hedge | The Wall Street Journal published a new monthly survey that outlines the severe economic impact of shutting down cities across America to mitigate the spread of the COVID-19 pandemic.