In the newest case, the company is struggling before a game has been played. Last August Allegiant Airlines inked a deal with the NFL’s used-to-be-Oakland, used-to-be Los Angeles, used-to-be-Oakland (again) and now, Las Vegas Raiders for the naming rights to the new 65,000 seat and partially taxpayer funded stadium which sits along I-15 in Clark County, Nevada.
Eglet’s filing claims, “Shortly after November 17, 2019, the PRC (People’s Republic of China) and the other Defendants knew, or should have known, that COVID-19 was a ‘new’ dangerous, contagious, and deadly virus because many Chinese citizens who contracted the virus were getting very sick, and some were dying. Moreover, DNA samples taken from these very sick and dying people confirmed that this was a ‘new’ virus for which there was no vaccine or cure.”
Toilet paper may be in short supply, but the Federal Reserve is determined to make sure dollars are not.
I will always remember Whitman as Monsieur Paul Regret--or "Mon-sooor," as Texas Ranger Jake Cutter (John Wayne) insisted on calling him.
To understand the president, Rucker and Leonnig, provide the essential roadmap to the method of Trump’s madness.
“We’re out of money,” a call to the Detroit home office revealed. “Everyone wants to refi and we don’t have the funds.” Always the salesman, the Quicken rep said, ``I don’t know why anyone is waiting, rates will never go below 3 percent,” inspiring a hearty laugh from this writer.
Pal does not blame the president. He’s in the finance and investments business. For him, this is all about coming out on the other side, healthy and financially solvent. He has no political axe to grind.
Product margins are skinny and technology has taken away the asymmetric knowledge advantage dealerships once had. So, once a customer falls in love with their new pride and joy, the hapless customer is sent to The Box.
All this weakness has something to do with coronavirus, in the eyes of socionomists. In the March issue of The Socionomist, with the cover devoted to the virus, Matt Lambert and Mark Galasiewski quote Robert Prechter, “disease sometimes plays a prominent role in major corrective periods.”
A few folks are aware of the repo tantrum which occurred last September. Overnite rates for money secured by US debt popped to ten percent, signaling at least a financial plumbing problem or a collateral crisis, due to the financial mandarins trying to sneak away from the party with $100 billion that was in the Fed’s bottomless punch bowl.
So where the state has failed, private enterprise has stepped into the breach. Profits will make that happen. High cost makes customers more careful with how much they use. Nobody is wasting water in Kathmandu. “Before, I didn’t think about how often I could shower or when I can clean the house,” said Laxmi Magar, a housewife and mother of six. “But now that water is so expensive I watch every drop.”
To refresh our memories, Jurow says, “2006 was just insane. 320 billion dollars taken out in cash just in that year, and boy, the debt helped the economy continue, even though things were showing signs of real problems.”
And while CO2 concentrations have increased, causing Ms. Thornberg to lose sleep, “one cannot help but notice that a large part of the warming trend over the last 120 years took place prior to 1950, a period where CO2 concentrations in the earth’s atmosphere remained relatively low,” wrote the natural resource investing pair.
“Hustlers” cost $20 million to make and is closing in on $100 million in box office receipts world-wide after only a couple weeks of showings. There was a healthy Friday night crowd at a local theater when I saw the film, with the audience 80-90 percent female. It was a girls' night out to see JLo and company drain the credit cards of Wall Street A-holes--pre and post 2008 financial meltdown.
His simple conclusion is “Runaway private debt and the resulting overcapacity does a better job than any other variable in explaining and predicting financial crises.” The author’s only mention of business cycle theory is to give a hat tip to Hyman Minsky’s devolution of loan quality during the boom phase from “hedge” to “speculative” to “Ponzi.”
Since Ailes’s passing in 2017, Fox has still been Trump TV, but lately, the network hasn’t been Trump enough for the President, who recently tweeted “We have to start looking for a new News Outlet. Fox isn’t working for us anymore!”
China’s banks hold $30 trillion in deposits according to Alexander Campbell, more or less double the amount of aggregated U.S. bank deposits. Campbell was pitching Alex Rosenberg on Real Vision on his thesis of buying gold in Yuan terms with the idea that bank bailouts take a flood of central bank created fiat money to paper over. So while the Chinese may want to keep the Yuan near the 7 to the dollar range, bank busts are just beginning in China and 7 may become a distant memory.
Her account, “Washington Siren: A Woman’s journey through scathing scandals, lies, and secrets inside the FDIC, HUD, IRS and other agencies, with a love story that survives it all.” written, for some reason in the 3rd person, chronicles O’Toole’s long career of Sisyphean frustration with government bureaucracy.
Roughly $1 trillion in BBB debt is in just five companies plus the shale industry. The five are household names: AT&T, Ford, General Motors, General Electric, and Dell.
Jerome Powell’s January hawk-to-dove pivot is now understandable. He can’t afford for the bonds of Blue Chip names to tip into junk land where buyers will be few and far between.
After IndyMac, Bovenzi points out over 400 banks would fail over the next four years. Why is it when one bank fails, despite FDIC insurance and other government interference, numerous other institutions often go bust?
