Mtl JP 23:00 GMT May 3, 2020
Warren Buffett
In order for a seller to sucessfully dump his bag of kaka, there has to be a buyer who has an opposing view of the bag.
Mtl JP 22:56 GMT May 3, 2020
chinese communists' state secret
Asked for his comment about the origins of corona virus, justin trudeau demured at first. Pressed skated thusly: “There are several theories (…) several hypotheses (on) how it could have happened. But while this is happening, my priority is how we handle the situation. Then it will be time to ask more questions and really get to the bottom of how it went," he said.
Israel MacroMicro 22:45 GMT May 3, 2020
Warren Buffett
probably his goal is to get major holding in $BA
dc CB 22:37 GMT May 3, 2020
CCP's secret secret - The United States of Sheep
Reply
We got them to commit Economic Suicide.
Several totalitarian Govs want to Extended LockDowns thru to July.
The sheep bleat.
_______________________________
Indifference to Illegality of Illinois Stay-at-Home Order is Frightening
https://wirepoints.org/indifference-to-illegality-of-illinois-stay-at-home-order-is-frightening/
_______________________________________________
David Stockman
there is zero correlation:
California: Heavy lockdown, 4.6 deaths per 100,000;
Iowa: No lockdown, 4.3 deaths per 100,000;
Texas: Light lockdown, 2.4 deaths per 100,000;
Washington state: Heavy lockdown, 10.0 deaths per 100,000;
Colorado: Inconsistent lockdown, 12.2 deaths per 100,000;
Georgia: Late Lockdown now lifted, 10.0 deaths per 100,000;
Maine: Heavy Lockdown, 3.8 deaths per 100,000;
Massachusetts: Heavy Lockdown, 45.7 deaths per 100,000.
Stockman -On The Three Nations Of COVID
AT Trader john 21:42 GMT May 3, 2020
Monday Amazing Trader 4 May 2020
LATE FRIDAY
DJ: -494
SP: -65.7
2-yr 0.202% +1.4%
Spread 10s-2s +43.0 bps (+42.0 bps)
10-yr
US: 0.632% +0.7
UK: 0.242% -0.5
DE: -0.581% +0.5
EURUSD MACRO TREND: POSITIVE
Spots (Pivot Point prev day)
EURUSD 1.0978 (1.0977)
GBPUSD 1.2492 (1.2527)
EURGBP 0.8786 (0.8758)
USDJPY 106.81 (106.94)
This Week 1.1018-1.0810 (208 pips)
fri: 1.1018-1.0935 (83)
thu: 1.0972-1.0835 (137)
wed: 1.0886-1.0817 (57)
tue: 1.0890-1.0810 (75)
mon: 1.0859-1.0811 (48)
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20-day avg: 1.0871
50-day avg: 1.0956
100-day avg: 1.1003
200-day avg: 1.1032
Global-View Daily Trading Chart Points
Israel MacroMicro 18:06 GMT May 3, 2020
Warren Buffett
The main equity news on the weekend came from Warren Buffett and it wasn't good at all.
He sold all his airlines stocks
He didn't buy anything and now has $137B in cash on hand
One headline that didn't get much attention was about US default. He dismissed the worry but he also touched on debt monetization.
If you print bonds in your own currency, what happens to the currency is it can be a question because you don't default. And the United States has been smart enough and people have trusted us enough to issue, which is that in its own currency and Argentina is now having a problem because the debt isn't in their own currency and lots of countries have had that problem. And lots of competent countries will have that problem in the future. It is very painful to owe money in somebody else's currency, but listen, if I could issue a currency Buffet bucks and I had a printing press and I could borrow money, I would never default. So what you end up getting in terms of purchasing power can be in doubt.
london red 17:53 GMT May 3, 2020
Warren Buffett
CB, buffet going down on the squid was a defining moment in the 2008 crash, it gave a lot of folks a signal. his silence so far was another signal. but guess he made another signal today, a negative one. buffett rarely sells so spending nothing means he feels things get cheaper. as for the airlines...
dc CB 17:22 GMT May 3, 2020
Warren Buffett
Market will get crushed on the open.
Berkshire held its annual meeting(virtual of course) this weekend.
good idea to check out what was said.
Israel MacroMicro 16:37 GMT May 3, 2020
Monday Amazing Trader 4 May 2020
can you see DXY start launching an attack on 105 within two weeks?
can expect DXY bottoming done within two weeks for the rest of the quarter
AT Trader john 12:32 GMT May 3, 2020
Monday Amazing Trader 4 May 2020
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Mon 4 May 2020
Final Mfg PMIs all day -- some
Tue 5 May 2020
AA 04:30 AU- RBA Decision
Final Service PMIs all day -- Some
A 08:30 GB- Construction PMI
A 12:30 US/CA- Trade
Wed 6 May 2020
Final Service PMIs all day -- Some
A 12:15 US- ADP Payrolls
A 14:30 US- EIA Crude
Thu 7 May 2019
AA 11:00 GB- BOE Decision
A 12:30 US- Weekly Jobless
A 12:30 US- Non-Farm Productivity
Fri 8 May 2019
AA 13:30 US/CA- Employment
haifa ac 11:29 GMT May 3, 2020
Turkish Lira approaching 8.2018 lows
Perhaps one of the few times to try a long straddle with 7 as strike price. The likelihood of increased volatility is high right now. The only question is timing.
haifa ac 10:53 GMT May 3, 2020
Turkish Lira approaching 8.2018 lows
Turkey ‘will run out of dollars by July’, economists warn
Central bank burns through billions protecting lira
Coronavirus to cost $25 billion in lost tourism revenues
ANKARA: Turkey is burning through its reserves of foreign currency in a futile attempt to prop up the collapsing lira, and may run out of US dollars by July, economists told Arab News on Saturday.
President Recep Tayyip Erdogan is also facing a double economic challenge from the coronavirus pandemic — the soaring cost of lockdowns and movement restrictions to curb the spread of the virus, and the fact that COVID-19 will prevent the usual summer tourist boom.
https://www.arabnews.com/node/1668811/middle-east
Mtl JP 10:49 GMT May 3, 2020
chinese communists' state secret
Coronavirus NSW: Dossier lays out case against China bat virus program
- Sharri Markson, The Daily Telegraph, May 3, 2020 1:40pm
"China deliberately suppressed or destroyed evidence of the coronavirus outbreak in an “assault on international transparency’’ that cost tens of thousands of lives, according to a dossier prepared by concerned Western governments on the COVID-19 contagion.
The 15-page research document, obtained by The Saturday Telegraph, lays the foundation for the case of negligence being mounted against China." .../..
Global Backlash Builds Against China Over Coronavirus - Steven Erlanger May 3, 2020, NYT
As calls for inquiries and reparations spread, Beijing has responded aggressively, mixing threats with aid and adding to a growing mistrust of China. .../..
and continues to show defiance and disrespect:
Hu Xijin 胡锡进
@HuXijin_GT
2 may
If the US strips China’s sovereign immunity, China will also strip US’s. If the US seizes China’s assets in the US, China will take corresponding retaliatory move. Asking China for compensation is either a farce, or it will forebode an international political storm.
seize China's assets = international political storm ?
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