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One Of The First Ships To Resume Cruising Is Having A COVID Outbreak

Four sick crew members from the 535-passenger Roald Amundsen were admitted to the University Hospital of North Norway in Tromsø, Norway. On Saturday, the line said another 32 crew members had tested positive for covid.

  • Aug 2, 2020 8:20 PM

Another Market Top Indicator: "Blank Check" IPO Issuance Explodes

Since the start of 2020, 51 SPAC offerings have been completed raising $21.5 billion, up 145% from the comparable year-ago period.

  • Aug 2, 2020 7:55 PM

China's Volatile Markets Are Being Fueled By Retail Speculation And High-Frequency Day-Traders

"The more they trade, the more they lose."

  • Aug 2, 2020 6:15 PM

Morgan Stanley: Brace For A Spike In Inflation As Congress Is Now In The Money Supply Driver’s Seat

... Indeed, the sharp moves higher in breakevens and precious metals suggest that markets are considering the possibility.

  • Aug 2, 2020 5:50 PM

JPM Explains Why A Return To Lockdowns Isn't A Smart Strategy For Suppressing COVID-19's "Second Wave"

...The public should accept that a certain number of confirmed cases may exist in society until a vaccine becomes widely available.

  • Aug 2, 2020 4:35 PM

Biggest Decline In Nominal Output & Income In Our Lifetime... While Stocks Gained $7 Trillion

Never before has the scale of fiscal and monetary stimulus matched the nation’s nominal output in a single quarter. 

  • Aug 2, 2020 3:20 PM

"Insanely Stupid" To Chase Stocks As Economy Plunges?

"...so without a sell discipline, buying bubble assets is insanely stupid..."

  • Aug 2, 2020 11:35 AM

Bitcoin Hits 1 Year High Then Plummets After "Someone" Liquidates $1 Billion In Seconds To Hammer Price

"BTC hit a new ATH in each of the last 3 cycles and this one will be no exception. The scarcity effect, the halving and more capital coming into crypto will ensure that."

  • Aug 2, 2020 10:37 AM

Obese People Are Twice As Likely To Die From Covid

In case you needed another reason to cut back on the twinkies.

  • Aug 1, 2020 9:58 PM

A Third Of US Museums "Not Confident" They Will Survive  

"The survey results document extreme financial distress in the museum field."

  • Aug 1, 2020 9:30 PM

US Beach Towns Fear Collapse As Summer Of Pandemic Causes Havoc

"I have no money… This is all I think about. I don't sleep."

  • Aug 1, 2020 8:30 PM

Communism Secured: Musk Calls Chinese "Smart, Hard-Working", Says Americans Are "Entitled, Complacent"

"China rocks," Musk said on a Friday podcast. 

  • Aug 1, 2020 6:30 PM

JPMorgan Finds That Shorts Across The Globe Have Capitulated

The bulk of the previous short base that had opened up during Feb/Mar across Euro area, UK and Japanese stocks appears to have been largely normalized.

  • Aug 1, 2020 5:30 PM

American College Students Are More Reasonable Than We Think

...despite the polarization of the political system and so much about educational life on campus today, our nation’s students are not nearly as extreme as widely believed.

  • Aug 1, 2020 3:20 PM

NY Bar Says Liquor License Suspended Over "F*CK CUOMO" Menu

"I can only assume that the governor's thin skin has led him to purposely target The Village Line."

  • Aug 1, 2020 2:30 PM

Russell Napier: Central Banks Have Become Irrelevant

"Most investors believe in the seemingly unlimited power of today’s central banks. But in fact, they are the least powerful they have ever been since 1977."

  • Aug 1, 2020 2:00 PM

The Dual Mandate Of The Fed "Appears To Be The S&P 500 And Nasdaq"

Don't kid yourself. This is exactly the retail speculative nonsense we saw in 2000. Everybody trying to make a quick buck... Works until it doesn't. Don't confuse it with investing. It's gambling.

  • Aug 1, 2020 1:00 PM

Seattle Moves To Replace 'Racist' Police With 'Trauma-Informed, Gender-Affirming, Anti-Racist' Organizations

Citizens On Patrol...

  • Aug 1, 2020 12:05 PM

Memo From Insiders: Dear Bagholders, Thanks For Buying Our Shares At The Top

The self-sustaining recovery is a fantasy that's evaporated...

  • Aug 1, 2020 11:20 AM

Politics, Not Science, Is Keeping Schools Closed

Politicians speak about following the science to set COVID-19 policy, but their decisions are more about political objectives than they are about medical efficacy...

  • Aug 1, 2020 9:20 AM

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