Archive for the 'Collapse' Category
Dow Plunges 10%, Worst Day Since 1987 Crash
March 12th, 2020Via: MarketWatch: U.S. stocks staged a fresh plunge Thursday, pushing the S&P 500 index and Nasdaq Composite into a bear market and officially ending a record-setting, 11-year-old bull-market run–and in spectacular fashion.
DJIA Down Over 9%
March 12th, 2020Flashback: “We Simply Use the Computer to Mark Up the Size of the Account.” For those who might be wondering, “Where did the Federal Reserve get the $1.5 trillion they just committed to injecting?” A blast from the past explanation of how it all works. ????? pic.twitter.com/Bw4N12EFoq — Ben Rickert (@Ben__Rickert) March 12, 2020 Update: […]
‘Super-Rich Jet Off to Disaster Bunkers Amid Coronavirus Outbreak’
March 12th, 2020In other news: Young people capitalize on cheap coronavirus flights: ‘If I die, I die’ Via: Guardian: Like hundreds of thousands of people across the world, the super-rich are preparing to self-isolate in the face of an escalation in the coronavirus crisis. But their plans extend far beyond stocking up on hand sanitiser and TV […]
TRUMP SUSPENDS ALL TRAVEL FROM EUROPE TO U.S. FOR 30 DAYS, UK EXEMPTED
March 11th, 2020Via: Reuters: Under pressure to act, President Donald Trump on Wednesday suspended all travel from Europe to the United States for 30 days starting on Friday in order to fight the coronavirus. Trump said the travel restrictions did not apply to the United Kingdom. He did not provide a list of countries but said simply […]
Boeing To Drawdown Full $13.8 Billion Revolver, Hinting At Imminent Bank Lending Freeze
March 11th, 2020Via: ZeroHedge: For that generation of traders out there who were following the market back in 2007/2008, instead of their high school or college GPA, they will recall that one of the key inflection points in the global financial crisis 12 years ago was when banks started pulling revolvers to preserve liquidity. Moments ago Boeing […]
2-Year-old Taken From Parents for Using Medical Marijuana, Murdered in Foster Care
March 11th, 2020Via: The Free Thought Project: While many think that the state taking children from parents is a noble gesture to protect the child, all too often, the state removes kids from a bad situation and throws them into a situation akin to a horror film. Many times the children are taken from caring parents, who […]
Nick Begich on Coronavirus: “It Doesn’t Matter Whether It’s a Real Deal or Not. It’s Perceptually Real and the Impact Is Already Felt.”
March 11th, 2020Via: Dark Journalist:
New York: National Guard Deploying to New Rochelle Coronavirus “Containment Area”
March 10th, 2020Via: Newsweek: To prevent the spread of a new coronavirus, New York Governor Andrew Cuomo announced places within a containment area where large groups of people gather, including schools, would close for two weeks and the National Guard would be brought in to assist. … On Tuesday, Cuomo announced that all schools within a “containment […]
Coronavirus: Italy Locked Down
March 9th, 2020Update: Payments on Mortgages to be Suspended Across Italy After Coronavirus Outbreak — My personal assessment of this situation is that it’s somewhere between a total hoax and a possible risk to people who are already ill with other respiratory conditions. The chaos in supply chains, however, is real, at least to some extent. Via: […]
California: Is Failure of 2020 Prop. 13 Sign of a New Tax Revolt?
March 9th, 2020Via: Daily Breeze: Local governments of all kinds are accustomed to these measures passing, but perhaps no more. One reason may be lack of voter confidence that the tax dollars they approve actually end up going where elected officials say they are going. Again, while many votes remain to be counted, it is undeniable that […]
