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- Deposits denominated in USD at banks outside the US
- Not under the jurisdiction of the Federal Reserve or SEC
- Eurodollar started in 1950s
- Eurodollar futures started in 1981
- Rate determined by LIBOR
- Single futures contract represents a three-month, $1,000,000 loan
- Biggest source of global funding
- Finances 90% of international trade
- Larger than S&P futures, oil futures, 10yr bond futures

Links
- Eurodollar - Wikipedia
- "Down The Rabbit Hole" - The Eurodollar Market Is The Matrix Behind It All
- Not Good: Eurodollar Futures Curve Sells Off, At The FRONT
- Fire All the Central Bankers While There's Something to Salvage

Posted: 2020-04-18 09:14:54

Coronavirus
- Over 50 Cell Towers Vandalized in UK Due to 5G Coronavirus Conspiracy Theories
- The Coronavirus Is Mutating. What Does That Mean for a Vaccine?
- Alcohol does not protect against COVID-19; access should be restricted during lockdown

Business, Economy
- News Media Outlets Have Been Ravaged by the Pandemic
- Disney World furloughing 43,000 more workers
- Businesses seeking coronavirus rescue funds find 'absolute chaos'
- Wells Fargo again urges small business customers to consider other banks for SBA relief loans
- America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari
- Dick’s Sporting Goods Is Furloughing Most of Its 40,000 Employees
- A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe.
- Amazon Fires Three More Employees Who Criticized Working Conditions
- Delta reaches agreement with Treasury for CARES Act funds
- ‘Pretty Catastrophic’ Month for Retailers, and Now a Race to Survive
- Over 25% of Michigan Workforce Filed For Unemployment
- Homebuilder Sentiment Collapses As Mortgage Purchase Apps Plunge To Lowest In 5 Years
- J.C. Penney explores bankruptcy as hopes for recovery fade
- Here Comes The Depression: Empire State Manufacturing Crashes Most Ever To -78, Lowest In History
- US Retail Sales Crash By Most Ever In March, Despite Hoarding
- Treasury Cash Balance Soars To Record $959 Billion Following Bill Issuance Tsunami
- U.S. manufacturing output posts largest drop since 1946
- The economy is literally in free fall
- Housing Starts Collapse By Most In 36 Years
- Philly Fed Collapses By Most Ever To 40 Year Lows
- SBA says it's out of money for loans to businesses hit by coronavirus pandemic
- 22 Million Jobless Claims In 1 Month: Last 4 Weeks Erase All Jobs Created Since The Great Recession
- First JC Penney, Now Neiman Marcus Set To File For Bankruptcy
- The "Unsinkable" US Economy Strikes A Pandemic Iceberg – The Map Ahead
- Straggling in a Good Economy, and Now Struggling in a Crisis
- ‘Unprecedented disruption’ to supply chain slams US port volumes
- For The First Time Ever, The Fed Will Monetize Double The Total Treasury Issuance
- Gasoline Is Selling for 12 Cents a Gallon and Nobody Wants It
- Over 43,000 US millionaires will get ‘stimulus’ averaging $1.6 million each

World
- New, larger wave of locusts threatens millions in Africa
- Wuhan Rent Protest Shows Unrest Brewing in China After Lockdown
- China reclassifies dogs as pets, not livestock, in wake of the coronavirus
- Welcome To India's Hunger Games
- The Closing of 21 Million Cell Phone Accounts in China May Suggest a High CCP Virus Death Toll
- India PM extends lockdown two weeks to May 3
- McDonald's apologises after China store bans black people
- Global economy to suffer worst blow since the 1930s, warns IMF
- Amazon to Suspend Operations in France Over Coronavirus Dispute
- Australia may keep coronavirus restrictions for a year, schools may work on roster
- China's economy contracts for first time on record
- Mexico Downgraded To Just One Notch Above Junk On Imminent "Severe Recession"

Government
- ‘You Should Be Saying Congratulations’: Here Are 116 Times Trump Has Praised His Own Coronavirus Response
- Navarro publicly said Americans had 'nothing to worry about' while privately warning coronavirus could cost lives and dollars
- Torn Over Reopening Economy, Trump Says He Faces ‘Biggest Decision I’ve Ever Had to Make’
- For First Time Ever, All 50 US States Now Under Major Disaster Declaration At Same Time
- Trump claims ‘total’ authority, over govs, to reopen economy
- Trump halts World Health Organization funding over handling of coronavirus outbreak
- Fmr. Secy. Albright: I'm troubled by Trump's unpredictability
- Trump Says States Can Start Reopening While Acknowledging the Decision Is Theirs

Religion
- Mississippi city's coronavirus shutdown bans drive-in church services ahead of Easter
- Virginia pastor who defiantly held church service dies of coronavirus

Military
- Hit by virus, Pentagon warns enemies: don't test us

Sports
- Coronavirus Ends XFL Comeback: Vince McMahon Signs Chapter 11 Bankruptcy Declaration

Social
- Hundreds protest Michigan governor’s social distancing order

Local
- Another metro city sees spike in speeders during COVID-19 pandemic

Food
- Six THOUSAND families line up in their cars for hours at a food bank in San Antonio
- The coronavirus pandemic could threaten global food supply, UN warns
- Dumped Milk, Smashed Eggs, Plowed Vegetables: Food Waste of the Pandemic
- Smithfield Foods To Close Sioux Falls, SD Plant Indefinitely Amid COVID-19
- Amazon stops accepting new online grocery customers amid surging demand
- Seed companies can't keep up as more Americans turn to growing their own food
- Coronavirus: 1.5 million go hungry as job losses and supermarket strain hits those at risk, poll suggests
- USDA Wants To Purchase Farm Products To Support Food Banks

Oil
- Here Is The "Secret Weapon" That Allowed Tiny Oil Producer Mexico To Defy Giant Saudi Arabia
- OPEC Reaches "Historic" Deal To Cut Oil Production As Mexico Wins "Mexican Standoff" With Saudis... But It's Not Enough

Precious metals
- Bullion Bank Nightmare as LBMA-COMEX Spread Blows Up Again
- Quebec gold mines deemed essential service, to reopen Wednesday
- US Mint Halts All Production Over Virus Fears As Gold & Silver Coin Demand Nears Record Highs

Twitter
- Everything that is wrong with America, in one image.

Op-ed
- Why the rent is due for rich people in the time of coronavirus

Posted: 2020-04-17 20:08:36

Act 16:23-25
And when they had laid many stripes upon them, they cast them into prison, charging the jailor to keep them safely: Who, having received such a charge, thrust them into the inner prison, and made their feet fast in the stocks. And at midnight Paul and Silas prayed, and sang praises unto God: and the prisoners heard them.

In the midst of trials, can you praise and thank God?

Paul and Silas were whipped and thrown into prison for exorcising a demon possessed woman. How did they respond to their situation? Did they ask, "How can God allow bad things to happen to us?" Did they complain to God that they did not deserve such ill treatment? No, they prayed and sang praise songs. And they did it so loudly that all the other prisoners heard them.

In the midst of your darkest hour, when you are in the dungeon, when you have lost hope, when you are in a situation you do not deserve, when you are bound, it is the time to loudly pray and thank God.

"The Christian should meet adverse circumstances of life not with a spirit of stoic resignation but with a spirit of unfailing gratitude."
Hiebert

"People become worried, anxious, and fearful because they do not trust in God’s wisdom, power, or goodness. They fear that God is not wise enough, strong enough, or good enough to prevent disaster. It may be that this sinful doubt is because their knowledge of Him is faulty, or that sin in their lives has crippled their faith. Thankful prayer brings release from fear and worry, because it affirms God’s sovereign control over every circumstance, and that His purpose is the believer’s good."
MacArthur

Thanking God is recognizing God is in control and has a purpose for everything, including trials.

It is not the situations that leads our minds into darkness, but it is not thanking God that leads us down the path of darkness.

Rom 1:21 - Yes, they knew God, but they wouldn't worship him as God or even give him thanks. And they began to think up foolish ideas of what God was like. As a result, their minds became dark and confused.

When we thank God in times of trouble, it will cause the very foundations to shake. The forces imprisoning us will be opened. The chains that bind us will be broken.

Act 16:26 NIV - Suddenly there was such a violent earthquake that the foundations of the prison were shaken. At once all the prison doors flew open, and everyone's chains came loose.

Open your heart to God and pour out your burdens. Thank him for whatever situation you are in.

Phl 4:6 NLT - Don't worry about anything; instead, pray about everything. Tell God what you need, and thank him for all he has done.

Rev 7:12 NLT - They sang, "Amen! Blessing and glory and wisdom and thanksgiving and honor and power and strength belong to our God forever and ever! Amen."

Posted: 2020-04-13 06:56:34

Coronavirus
- C.D.C. says all Americans should wear masks. Trump says the rule is voluntary.
- CDC Now Recommends Americans Consider Wearing Cloth Face Coverings In Public
- Dr. Birx now warns Americans NOT to go to the grocery store or pharmacy unless it's essential during the next 14 days with coronavirus hotspots set to hit peak death rate in a week
- Anti-Asian hate continues to spread online amid COVID-19 pandemic
- Dr. Fauci Says He Doesn't Think Americans Should Ever Shake Hands Again To Prevent Spread Of Coronavirus
- The coronavirus is infecting and killing black Americans at an alarmingly high rate
- Chelsea Handler Did A Bra-To-Face Mask Tutorial, And It’s Actually Not Bad
- This Chicago jail has one of the largest coronavirus outbreaks in the US
- Detroit hospital nurses refuse to work without more help, ordered to leave
- Doctors rethinking coronavirus: Are we using ventilators the wrong way?

Business, Economy
- A glossary of the Federal Reserve's full arsenal of 'bazookas'
- Grocery workers are beginning to die of coronavirus
- Tesla to furlough workers, cut employee salaries
- Jack Dorsey pledges $1 billion of his Square stake for COVID-19 relief efforts
- WeWork Directors Sue SoftBank Over Terminated $3 Billion Share Offer
- Coronavirus stimulus checks: 175 million Americans will start receiving funds 'this week or early next,' Larry Kudlow says
- Treasury's Mnuchin asking for $250B to replenish small business loan program
- Coronavirus stimulus checks: 175 million Americans will start receiving funds 'this week or early next,' Larry Kudlow says
- Trade set to plunge as COVID-19 pandemic upends global economy
- Container lines scramble to avert ‘life-threatening’ COVID-19 losses
- Americans Not Making Their Mortgage Payments Soar By 1064% In One Month
- Nearly a Third of U.S. Apartment Renters Didn’t Pay April Rent
- Tally of Unemployed Workers Surges by 6.6 Million
- A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks
- Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To "Support Economy"
- The Day The Fed Nationalized The Bond Market: The Complete Summary Of Everything The Fed Did Today
- Free Markets Are Dead: Fed To Start Buying Junk Bonds, High Yield ETFs
- IMF Sees World in Worst Recession Since Great Depression
- Fed balance sheet increases to record $6.13 trillion
- ‘Sudden Black Hole’ for the Economy With Millions More Unemployed

World
- Man shot dead in Philippines for flouting coronavirus rules
- Netanyahu announces nationwide lockdown until Friday
- ‘Complete collapse of economies’ ahead as Africa faces virus
- China’s virus pandemic epicenter Wuhan ends 76-day lockdown
- Japan Declares State Of Emergency, Ramping Up Virus Battle
- Bank of England to temporarily finance UK government spending
- Spanish Government Aims to Roll Out Basic Income ‘Soon’
- Half billion more people face poverty due to virus
- In Scramble for Coronavirus Supplies, Rich Countries Push Poor Aside
- China Quietly Injected A Record 5.2 Trillion In New Credit To Kickstart Its Frozen Economy

Politics
- Sanders quits Democratic race for president; Biden is party's apparent nominee
- Donald Trump Signs Order Encouraging U.S. To Mine The Moon For Minerals

Local
- Kemp extends emergency powers to mid-May to combat coronavirus
- Homeless fill Atlanta’s Hartsfield-Jackson airport atrium overnight

Social
- Nearly a Third of U.S. Renters Didn’t Pay April Rent
- Los Angeles Embarks on Massive Effort to Move Homeless Residents Into Hotels Amid Coronavirus
- Couple get married and jailed on same day after flouting coronavirus lockdown rules

Religion
- Coronavirus Is Upending Traditions for Passover and Easter—But Traditions Have Adapted for Past Pandemics, Too

Food
- Coronavirus may cause some food shortages, warns government task force
- Stark photos show miles-long row of cars waiting outside a Florida food bank as demand surges by 600 per cent
- European Union Approves Bugs For Human Consumption
- Grocery prices are rising as eat-at-home demand soars
- It’s Nearly Impossible to Get Big Box Grocery Delivery in NYC Right Now
- Panera gets into the grocery business to sell high-demand staples
- COVID-19 crisis heaps pressure on nation's food banks
- Farmers Are Panic-Buying to Keep America’s 95 Million Cows Fed
- The global food supply chain wasn’t designed for this
- "We Can't Give Our Product Away" - Farmers Toss Thousands Of Acres Of Fruits, Veggies As Sales Plummet
- Coronavirus Latest: Major Meat Processors Shutting Down Plants
- Poultry Worker’s Death Highlights Spread of Coronavirus in Meat Plants
- 'Breadlines' Erupt Across America As Lockdowns Crush America's "Working Poor"

Education
- Colleges With Empty Campuses Face an Uncertain Financial Future

Military
- The Navy Fired the Captain of the Theodore Roosevelt. See How the Crew Responded.
- The acting Navy secretary resigns after an outcry over criticism of a virus-stricken crew.

Videos
- "Stayin' Inside" - Corona Virus Bee Gees Parody

Op-ed
- The U.S. was beset by denial and dysfunction as the coronavirus raged

Posted: 2020-04-10 22:33:45

For a very long time, most of the choices we've had to make are between what's good and what's better. Should I get an iPhone 11 or a Samsung Galaxy S20? Should I get a Chick-fil-A sandwich or a Popeye's chicken sandwich? Should I get Netflix or Disney Plus? We have all been living the life of ease and comfort and don't know what it means to make truly hard choices. But it has all now changed.

We are now entering a period where the choices are between what's bad or what's worse. Politicians are asking, "Should we quarantine everybody and prevent the deaths of millions of people or should we let the economy crash?" Health officials are asking, "Should we tell people to wear masks and risk a panic since there are no masks or should we not say anything and risk more people contracting coronavirus?" The Fed is asking, "Should we flood the economy with massive amounts of cash and risk hyperinflation or should there be a systemic financial collapse?" Companies are asking, "Should we burn through cash or not pay rent and lay people off?" Amazon workers are asking, "Should I go to work and risk getting covid-19 or should I stay home and not get paid?" Triage nurses are asking, "Who gets to have treatment and who has to go home?" Doctors are asking, "Between these two people, who should get the ventilator?" Navy Captain Crozier asked, "Should I disobey orders and give up my military career or should I save the lives of the crew from a coronavirus outbreak?" Migrant workers are asking, "Should I obey the government and stay at home or should I go work so I can feed my family?" Work at home employees are asking, "How are we able to take care of the kids at home and also work?" Laid off people are asking, "Should I go to the food bank that has 100 people waiting in line or the food bank that has 120 people waiting in line?"

Before, there was really no bad choice we can make, every choice was relatively easy and it didn't really matter which one we chose. Now, there will be no good choice that we can make, every choice will be a difficult one.

Judging by how long we've lived the life of easy choices, it's not likely the period of having to make hard choices will be short.

Posted: 2020-04-04 07:03:28

Coronavirus
- Hospitals Tell Doctors They’ll Be Fired If They Speak Out About Lack of Gear
- First US service member dies from coronavirus
- What Experts Say You Can Do to Treat Yourself at Home If You Have a Mild Case of COVID-19
- Connecticut Newborn Believed To Be World's Youngest Patient To Die From COVID-19
- These Coronavirus Exposures Might Be the Most Dangerous
- U.S. coronavirus deaths top 1,000 in single day, White House expected to recommend everyone wear masks
- Confirmed Coronavirus Cases Worldwide Pass One Million After Doubling In Less Than A Week
- Georgia governor says he didn't know people without symptoms can spread coronavirus
- Fauci: 'I don't understand why' every state hasn't issued stay-at-home orders

Business/Economy
- GOP Rep. Rogers: ‘The Economy Is Going to Roar Back by Fall’
- A glossary of the Federal Reserve's full arsenal of 'bazookas'
- Instacart employees plan nationwide strike as demand for grocery delivery soars amid coronavirus outbreak
- US mall owner Taubman is telling tenants they must pay rent
- YouTube to reduce video quality worldwide to ease strain on internet networks
- Retailers Prepare For Civil Unrest; Boarded-Up Stores Seen From SoHo To Beverly Hills
- Whole Foods Employees Are Staging a Nationwide 'Sick-Out'
- Kennedy Center, with $25 Million Stimulus Funding, Furloughs 96 Members of National Symphony
- Banks Stuck With $23 Billion of Loans for T-Mobile’s Sprint Deal
- Fed Launches Repo Facility To Provide Dollars To Foreign Central Bank
- U.S. Retail Crisis Deepens as Hundreds of Thousands Lose Work
- Amazon Fires Worker Who Led Strike Over Virus
- U.S. consumer confidence sinks as virus begins having impact
- 28 percent of Americans say they've already lost wages
- J.C. Penney furloughs most of its 90,000 workers as stores remain closed until further notice
- Ford Is Delaying North American Production "Indefinitely"
- Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess
- Broken Markets: A Visual Odyssey Through All The Market's Dislocations In 56 Charts
- Fed Temporarily Eases Capital Requirements for Big Banks
- Jobless claims leap record 6.6 million at end of March
- Amazon Bans Sale Of N95 And Surgical Masks To General Public
- US Box Office Sales Collapse To Just $5,179; Was $204 Million During Same Period Last Year
- What Really Caused Oil To Rally By 25%?
- As millions lose jobs, Fed policymakers say recession is here
- "US Labor Market Is In Free-Fall" - 10 Million Americans Have Filed For Unemployment In Past 2 Weeks
- Amazon warehouses will stop accepting non-essential items
- U.S. Payrolls Fall 701,000 in March Ahead of Surge in Layoffs

Government
- Trump Authorizes Defense Secretary Mark Esper to Order National Guard and Reservists to Active Duty
- Mnuchin: US will bounce back after we 'kill this virus' and 'reopen this economy'
- Trump extends federal social distancing guidelines to April 30
- DC mayor threatens jail time for leaving home during coronavirus
- CDC considering recommending general public wear face coverings in public
- White House projects 100K to 240K US deaths from virus
- Protective gear in national stockpile is nearly depleted, DHS officials say

World
- German state minister kills himself as coronavirus hits economy
- China Shuts Down All Cinemas
- China Is "Fixed": Chinese PMIs Soar Back Into Expansion, Smashing Expectations
- Wuhan Residents Dismiss Official Coronavirus Death Toll: ‘The Incinerators Have Been Working Around the Clock’
- New Law Gives Sweeping Powers To Hungary's Orban
- For India’s Laborers, Coronavirus Lockdown Is an Order to Starve
- Coronavirus measures could cause global food shortage, UN warns
- Social unrest spreads in Italy as coronavirus lockdown nears fourth week
- "Shoot them dead": Philippine President Rodrigo Duterte orders police and military to kill citizens who defy coronavirus lockdown
- Wuhan, endless queues for ashes of coronavirus dead cast doubts on numbers

Society
- Federal authorities warn of an increase in Asian American hate crimes
- Malaysia apologises for telling women not to nag during lockdown
- Florida Pastor Arrested After Defying Virus Orders
- ‘Jails Are Petri Dishes’: Inmates Freed as the Virus Spreads Behind Bars
- Empire State Building Debuts Dystopian Red ‘Siren’ Light
- Louisiana pastor arrested for holding services with up to 1,000 attendees
- Cincinnati police temporarily suspending in-person response to certain 911 calls
- Lines stretch at California food banks near Disneyland as 'The Happiest Place on Earth's' home city is crippled by its closure and charities warn of 40-fold increase in pleas for help

Lockdowns, Closures
- Florida governor Ron DeSantis finally issues a statewide lockdown
- 30 states have issued stay-at-home orders
- Coast Guard: Cruise ships must stay at sea with sick onboard
- Grand Canyon National Park closes to visitors amid pandemic

Local
- Dunwoody shelter-in-place begins Sunday at midnight
- Days After a Funeral in a Georgia Town, Coronavirus ‘Hit Like a Bomb’
- All Fulton residents ordered to stay home or face jail/fines
- Gov. Kemp orders statewide shelter-in-place, closes schools for rest of school year

Military
- US Navy relieves commander of coronavirus-hit ship over memo leak

Sports
- Wimbledon Canceled for 1st Time Since WWII

Food
- U.S. dairy farmers dump milk as pandemic upends food markets

Weather
- Swarm of 650 earthquakes rattles Utah, Idaho and California
- Strong Magnitude 6.5 Earthquake Hits Idaho For First Time In 50 Years, As Quakes Recorded In Yellowstone And Salt Lake City
- "Above normal" 2020 Atlantic hurricane season on tap, researchers forecast

Precious metals
- The COMEX Issues and Stops Reports Expose Conditions Behind Physical Gold Supply Problems
- Gold Is Now “Unobtanium”
- US Mint West Point Shut Down 2 Week Minimum
- Gold Dealers Report Big Shortages of Small Bars and Coins
- Mexico mining suspension to hit silver supply

Videos
- You Need To Listen To This Leading COVID-19 Expert From South Korea | ASIAN BOSS
- Do Re Mi - Covid 19 version

Twitter
- Hundreds of cars wait to receive food from the Greater Community Food Bank in Duquesne

Op-ed
- Donald Trump And The Fed Are Destroying The U.S. Dollar
- Did Pensions Just Kill The Rally: Quarter-End Rebalancing Suspended Until Further Notice?
- Billionaire David Geffen Incites Social Media Riot After Posting Photos "Quarantined" On His $590 Million Superyacht
- Is Your Grocery Delivery Worth a Worker’s Life?


Posted: 2020-04-03 20:14:06

Coronavirus
- Hospitals Tell Doctors They’ll Be Fired If They Speak Out About Lack of Gear
- First US service member dies from coronavirus
- What Experts Say You Can Do to Treat Yourself at Home If You Have a Mild Case of COVID-19
- Connecticut Newborn Believed To Be World's Youngest Patient To Die From COVID-19
- These Coronavirus Exposures Might Be the Most Dangerous
- U.S. coronavirus deaths top 1,000 in single day, White House expected to recommend everyone wear masks
- Confirmed Coronavirus Cases Worldwide Pass One Million After Doubling In Less Than A Week
- Georgia governor says he didn't know people without symptoms can spread coronavirus
- Fauci: 'I don't understand why' every state hasn't issued stay-at-home orders

Business/Economy
- GOP Rep. Rogers: ‘The Economy Is Going to Roar Back by Fall’
- A glossary of the Federal Reserve's full arsenal of 'bazookas'
- Instacart employees plan nationwide strike as demand for grocery delivery soars amid coronavirus outbreak
- US mall owner Taubman is telling tenants they must pay rent
- YouTube to reduce video quality worldwide to ease strain on internet networks
- Retailers Prepare For Civil Unrest; Boarded-Up Stores Seen From SoHo To Beverly Hills
- Whole Foods Employees Are Staging a Nationwide 'Sick-Out'
- Kennedy Center, with $25 Million Stimulus Funding, Furloughs 96 Members of National Symphony
- Banks Stuck With $23 Billion of Loans for T-Mobile’s Sprint Deal
- Fed Launches Repo Facility To Provide Dollars To Foreign Central Bank
- U.S. Retail Crisis Deepens as Hundreds of Thousands Lose Work
- Amazon Fires Worker Who Led Strike Over Virus
- U.S. consumer confidence sinks as virus begins having impact
- 28 percent of Americans say they've already lost wages
- J.C. Penney furloughs most of its 90,000 workers as stores remain closed until further notice
- Ford Is Delaying North American Production "Indefinitely"
- Foretaste of the Lockdown-Driven Collapse in the Services & Retail Sectors: Holy Moly, What a Catastrophic Mess
- Broken Markets: A Visual Odyssey Through All The Market's Dislocations In 56 Charts
- Fed Temporarily Eases Capital Requirements for Big Banks
- Jobless claims leap record 6.6 million at end of March
- Amazon Bans Sale Of N95 And Surgical Masks To General Public
- US Box Office Sales Collapse To Just $5,179; Was $204 Million During Same Period Last Year
- What Really Caused Oil To Rally By 25%?
- As millions lose jobs, Fed policymakers say recession is here
- "US Labor Market Is In Free-Fall" - 10 Million Americans Have Filed For Unemployment In Past 2 Weeks
- Amazon warehouses will stop accepting non-essential items
- U.S. Payrolls Fall 701,000 in March Ahead of Surge in Layoffs

Government
- Trump Authorizes Defense Secretary Mark Esper to Order National Guard and Reservists to Active Duty
- Mnuchin: US will bounce back after we 'kill this virus' and 'reopen this economy'
- Trump extends federal social distancing guidelines to April 30
- DC mayor threatens jail time for leaving home during coronavirus
- CDC considering recommending general public wear face coverings in public
- White House projects 100K to 240K US deaths from virus
- Protective gear in national stockpile is nearly depleted, DHS officials say

World
- German state minister kills himself as coronavirus hits economy
- China Shuts Down All Cinemas
- China Is "Fixed": Chinese PMIs Soar Back Into Expansion, Smashing Expectations
- Wuhan Residents Dismiss Official Coronavirus Death Toll: ‘The Incinerators Have Been Working Around the Clock’
- New Law Gives Sweeping Powers To Hungary's Orban
- For India’s Laborers, Coronavirus Lockdown Is an Order to Starve
- Coronavirus measures could cause global food shortage, UN warns
- Social unrest spreads in Italy as coronavirus lockdown nears fourth week
- "Shoot them dead": Philippine President Rodrigo Duterte orders police and military to kill citizens who defy coronavirus lockdown
- Wuhan, endless queues for ashes of coronavirus dead cast doubts on numbers

Society
- Federal authorities warn of an increase in Asian American hate crimes
- Malaysia apologises for telling women not to nag during lockdown
- Florida Pastor Arrested After Defying Virus Orders
- ‘Jails Are Petri Dishes’: Inmates Freed as the Virus Spreads Behind Bars
- Empire State Building Debuts Dystopian Red ‘Siren’ Light
- Louisiana pastor arrested for holding services with up to 1,000 attendees
- Cincinnati police temporarily suspending in-person response to certain 911 calls
- Lines stretch at California food banks near Disneyland as 'The Happiest Place on Earth's' home city is crippled by its closure and charities warn of 40-fold increase in pleas for help

Lockdowns, Closures
- Florida governor Ron DeSantis finally issues a statewide lockdown
- 30 states have issued stay-at-home orders
- Coast Guard: Cruise ships must stay at sea with sick onboard
- Grand Canyon National Park closes to visitors amid pandemic

Local
- Dunwoody shelter-in-place begins Sunday at midnight
- Days After a Funeral in a Georgia Town, Coronavirus ‘Hit Like a Bomb’
- All Fulton residents ordered to stay home or face jail/fines
- Gov. Kemp orders statewide shelter-in-place, closes schools for rest of school year

Military
- US Navy relieves commander of coronavirus-hit ship over memo leak

Sports
- Wimbledon Canceled for 1st Time Since WWII

Food
- U.S. dairy farmers dump milk as pandemic upends food markets

Weather
- Swarm of 650 earthquakes rattles Utah, Idaho and California
- Strong Magnitude 6.5 Earthquake Hits Idaho For First Time In 50 Years, As Quakes Recorded In Yellowstone And Salt Lake City
- "Above normal" 2020 Atlantic hurricane season on tap, researchers forecast

Precious metals
- The COMEX Issues and Stops Reports Expose Conditions Behind Physical Gold Supply Problems
- Gold Is Now “Unobtanium”
- US Mint West Point Shut Down 2 Week Minimum
- Gold Dealers Report Big Shortages of Small Bars and Coins
- Mexico mining suspension to hit silver supply

Videos
- You Need To Listen To This Leading COVID-19 Expert From South Korea | ASIAN BOSS
- Do Re Mi - Covid 19 version

Twitter
- Hundreds of cars wait to receive food from the Greater Community Food Bank in Duquesne

Op-ed
- Donald Trump And The Fed Are Destroying The U.S. Dollar
- Did Pensions Just Kill The Rally: Quarter-End Rebalancing Suspended Until Further Notice?
- Billionaire David Geffen Incites Social Media Riot After Posting Photos "Quarantined" On His $590 Million Superyacht
- Is Your Grocery Delivery Worth a Worker’s Life?


Posted: 2020-04-03 17:18:40

Coronavirus
- Rand Paul's coronavirus diagnosis sends shockwaves through Senate
- U.S. coronavirus cases most in world, overtaking China and Italy
- Coronavirus exacts heavy toll in Albany

World
- Germany's Merkel in quarantine after doctor tests positive for coronavirus
- Germany Bans Groups of More Than 2
- India locks down over 100 million people
- Total ban of coming out of your homes for India
- India's central bank unexpectedly cuts rates
- Prime Minister Boris Johnson has tested positive
- South Africa Goes Into 3-Week Lockdown
- Bank of Canada cuts rates, starts buying bonds
- South African military on streets as 21-day lockdown begins

Business/Finance
- Unemployment could reach 30% in the U.S., says St. Louis Fed’s Bullard
- U.S. mortgage bond market in turmoil
- Behind the urge to stockpile: First masks, then toilet paper, now cash?
- Airlines Carnage Deepens With Emirates, Singapore Air Cuts
- Fed, saying aggressive action is needed, starts unlimited QE
- Zillow to pause home buying in all markets
- Boeing plans two-week shutdown of factories
- Dow rebounds more than 11% in best day since 1933
- Bernanke says this is no Great Depression
- Cheesecake Factory Tells Landlords It Won’t Pay April Rent After Loss of Income
- Share buyback frenzy halts as fund managers urge caution
- 3.28 million Americans applied for unemployment
- Mnuchin says jobless claims data is not relevant
- The S&P 500 had its best three-day run since 1933, buoyed by a huge stimulus plan, as investors looked past record unemployment claims.
- GM extends shutdown indefinitely
- Dealers Run Out Of Securities To Use In Fed Repo Operations
- Fed's term repo operation receives no bids for first time

Government
- Mnuchin confident that stimulus package will keep economy afloat until coronavirus passes
- Emergency Economic Rescue Plan in Limbo as Democrats Block Action
- Sen. Kelly Loeffler under fire for stock trades
- EPA has stopped enforcing environmental laws
- Trump signs $2T coronavirus relief package

Sports
- Tokyo 2020 Olympics are postponed

Lockdowns
- A Guide to State Coronavirus Lockdowns
- Ohio becomes sixth US state to declare coronavirus lockdown
- Atlanta placed under 'stay-at-home' order

Closures
- The list of retail chains closing grows. What's still open?

Gold
- Payments-Panic & The Endgame Of Fiat Currencies
- Royal Canadian Mint shuts down production for two weeks

Guns
- Gun sales on the rise as coronavirus concerns spread
- NJ – NICS Check Shutdown

Videos
- Super Depression Coming - Economic Reality - Entitlement Society - Bank Runs
- The Next Black Swan Event: Adam Baratta

Op-ed
- This Is Not a Recession. It’s an Ice Age.
- The unprecedented number of CEOs resigning was because they knew a plot to tank the economy was in place.
- Insanity: Stocks Enter New Bull Market On Day Initial Claims Hit 3.3 Million
- Welcome To The War On Death
- This isn’t your ordinary recession — the U.S. is now experiencing a economic meltdown more typical of a Third World natural disaster

Posted: 2020-03-27 20:08:26

- CARES Act (Coronavirus Aid, Relief, and Economic Security Act)
- Largest rescue package in American history
- $2 trillion total
- $300 billion to individuals
- Individuals prorated from $75K to $99K AGI
- Couples prorated from $150K to $198K AGI
- $1200 per adult and $500 per child
- $600 addition per week for unemployed
- ~90% of households (165 million) would benefit from the checks
- Payment will be non-taxable
- Steve Mnuchin, "We’re determined to get money in people’s pockets immediately. That will be within three weeks."
- $350 billion forgiveable loan to small businesses if they keep workers employed
- $58 billion for airlines
- $100 billion of hospitals
- $20 billion for veterans
- $8.8 billion for child nutrition
- $15.5 billion for SNAP (food stamps)
- $340 billion for state and local governments
- Thomas Massie delayed vote by requesting to have a recorded vote
- "Mnuchin told reporters at a White House press briefing earlier this week that he believed the bill would keep the economy afloat for three months if the coronavirus effects are felt that long."
- Nancy Pelosi, "We think we'll get more direct payments in another bill."

Links:
- Trump signs $2T coronavirus relief package
- What's Inside The Senate's $2 Trillion Coronavirus Aid Package
- Senate Passes $2 Trillion Coronavirus Relief Package
- F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Bill
- Mnuchin: Stimulus checks will arrive within three weeks

Posted: 2020-03-27 18:05:02

Fed balance sheet explodes to $5.25 trillion.

Jerome Powell, “When it comes to this lending, we're not going to run out of ammunition. That doesn't happen."



Links:
St Louis Fed - Fed balance sheet
FEDERAL RESERVE statistical release - March 26, 2020
Powell: Federal Reserve will not 'run out of ammunition' to protect economy

Posted: 2020-03-27 06:19:33


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