On the real estate front, buying a house typically involves a good deal of personal contact, from viewing the home to making appraisals and inspections to sitting around a table signing documents at a closing. Now, with most of the country in lockdown and stay-at-home orders blanketing the nation, much of that activity has halted....
Tag: apr 07 2020
Post
SOCIALISM FOR RICHEST, CAPITALISM FOR WORKING CLASS
Citigroup, ranked as the U.S.’s fifth largest bank by assets, has been selected by the U.S. treasury to channel billions of dollars in rescue funds from the government to small businesses and is “working around the clock,” according to CEO Michael Corbat, to make sure everything goes smoothly. Citigroup knows how to get money out...
Post
POLITICAL PANIC THROWS MILLIONS OUT OF WORK
About 9.9 million American workers lost their jobs during the last two weeks of March, the fastest, broadest collapse of the U.S. jobs market in history. The week ending 27 March recorded 6.6 million new claims for jobless benefits, far outstripping Morgan Stanley’s estimate of 4.45 million, Moody Analytics’ guess of 4.5 million, and Goldman...
Post
FEAR, HYPE & SENSATIONALISM
As we noted in our 28 January Trends Journal, when the outbreak of the coronavirus hit China, the mainstream media immediately promoted the virus as a deadly pandemic that would devastate the world. The cover story of the issue was: “CORONAVIRUS: 109 DEAD IN CHINA – 1.4 BILLION STILL ALIVE. BLACK PLAGUE 2020?” Now, some...
Post
OBEY YOUR NEW WORLD ORDERS!
Under the premise of “flatten the curve,” leaders across the globe are “flattening” basic freedoms as they use the threat of coronavirus to continue imposing more severe penalties on any citizen who dares to challenge their COVID-19 orders, edicts, commands, and proclamations. The extreme decrees by leaders are so alarming that Fionnuala Ní Aoláin, UN...
Post
THE BOUNCING PHASES OF THE MARKET
By Gregory Mannarino It’s “Swing time” on Wall Street. The CNBC headline on 20 March: “Dow tumbles 900 points to end Wall Street’s worst week since 2008.” Six days later, it was Happy Days Are Here Again: “Dow wraps up strongest three days since 1931.” The next day, 27 March, after the Dow fell 4...