⏩ Afternoon Thread Posts @ 14:00 PDT ?
☆ Attempting To Avoid A Credit Crunch Similar To 2008
The Federal Reserve stepped into financial markets Thursday for the second day in a row and the third time this week, this time dramatically ramping up asset purchases amid the turmoil created by the coronavirus.
MORE ➡️⏩ The ALL NIGHTER Posts @ 19:00 PDT ?
GS⭐️Roger the Deplorable Dreg
☆ Aren’t You Always Reminding Us You’re The Working Man’s Best Friend, Joe?
Former Vice President Joe Biden got into a heated and profanity-laced argument with an autoworker Tuesday while touring a factory in Detroit, after the individual accused the Democratic presidential candidate of trying to take away his Second Amendment rights. “You’re full of shit … I support the Second Amendment,” Biden shot back, stressing he’s not going to take guns away.
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☆ Russia rejects OPEC proposal to cut production 1.5 million barrels per day
Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims.
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☆ Expect Extreme Volatility Today In World Markets
Sharp declines in U.S. stock index futures triggered trading curbs meant to slow panicked markets as the price of oil fell by more than 30 percent and bond yields crashed amid heightened worries over the coronavirus.
MORE ➡️⏩ The ALL NIGHTER Thread Posts @ 19:00 PST ?
☆ Bernie Sanders’s Proposals Would Destroy America’s Economic Vitality.
If fully implemented, Senator Bernie Sanders’s agenda for the economy would represent a dramatic break with American precedent and impose major costs on our economic well-being.
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☆ Chinese Economy Paralysed By Outbreak, Sharp Contraction Seen In Q1
China’s factories were dealt a devastating blow in February as the coronavirus epidemic triggered the sharpest contraction in activity on record, a private survey showed on Monday, with the health crisis paralysing large parts of the economy. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well as the 50-mark that separates growth from contraction.
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☆ An Unaccountable Progressive Slush Fund Originally Created By Obama
Senate Budget Committee Chairman Mike Enzi (R-Wyo.) and four Republican colleagues say it’s time to “rein-in” the “lavish” salaries of hundreds of employees of the Consumer Financial Protection Bureau (CFPB). “The CFPB is a dangerously unaccountable agency, and its lavish spending on employee salaries is just one example,” Enzi said March 3 in a statement announcing the bill.
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⏩ Morning Thread Posts @ 05:00 PST ?
Federal Watchdog Reports Government Misspent $175 Billion in Fiscal 2019
GS⭐️peacefrog
GS⭐️CopperJohn
☆ Pay Your Taxes Or Else, Citizens…
The federal government recorded some $175 billion in “improper payments” in fiscal year 2019, according to estimates by the Government Accountability Office (GAO).
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☆ The US Has More Than 500 Trillion Cubic Feet Of Known NG Reserves
The U.S. Energy Information Administration just announced some spectacular news that should be banner headlines across the country: The price of natural gas has fallen to its lowest February level in 20 years. The data shows that natural gas prices fell to $1.77 per million British thermal units. In inflation-adjusted terms, the price of gas has plunged by some 80% since its high of $13.60 12 years ago. The price is down 90% since 2005, when prices hit nearly $20. (Quick: Can you think of anything else that now costs one-tenth of what it did 15 years ago?)
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⏩ Next Thread Posts @ 05:00 PST ?
Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast
☆ DOW Premarket Recovery @ +270: Virus Impacting World Economies
With much of China’s economy still idled as authorities try to contain an epidemic that has infected more than 75,000 people, millions of companies across the country are in a race against the clock to stay afloat.
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