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Showing 2022 Results for New York
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March 20, 2020
The arrogance of the medical profession who justify this insanity will result in poetic justice – they have probably lost their entire pension funds by now. The CME Chicago futures exchange is in crisis mode invoking emergency protocols to auction off the portfolios of Ronin Capital, which is based in Chicago. It has been […]
March 20, 2020
ASIA: The total number of coronavirus cases in India has climbed to 195 after over 35 new cases emerged from the various parts of the country. This marks the highest number of reported cases in a single day. At present, there are 171 active coronavirus patients in the country, according to the data released by […]
March 20, 2020
COMMENT: Trying times. The news just seems to keep getting worse. Not the actual news about the virus itself, but rather, the wake of destruction left behind the actions taken to “flatten the curve”. As a Californian, it seems like Newsom is spreading panic rather than mitigating it. My wife and I have been diligently […]
March 20, 2020
There is no question that the fundamentalists #1 Golden Rule has been when stocks crash, run to bonds. We are entering the collapse in public confidence and this is BEYOND the central banks despite the massive attempts to intervene. Keynesianism is DEAD!!!! We have entered uncharted territory which is the darkest fears of academics for […]
March 19, 2020
It seems that it does not matter if a rumor is true or false. What seems to matter is how it can be whipped up into creating some response just as the coronavirus is causing a global economic collapse. There is probably a no better example of a rumor that led to murder and a […]
March 18, 2020
The New York Stock Exchange will close its trading floors and go fully electronic. New York Governor Andrew Cuomo mandated that non-essential businesses have no more than half their workforce in the office. Without floor brokers, there is a risk that volatility will rise further. This may result in market-makers withdrawing.
March 17, 2020
ASIA: India closed the Taj Mahal, one of the world’s premier tourist destinations, to counter the COVID-19 virus outbreak in the country. India has so far managed to keep cases low by responding fast and aggressively to the coronavirus and urging people to practice social distancing. India has reported 125 cases of the coronavirus. India […]
March 13, 2020
This is a video of select moments from the Event 201 pandemic tabletop exercise hosted by the Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation back on October 18, 2019, in New York, NY. What this illustrates is how these people think […]
March 12, 2020
QUESTION: Marty, you are absolutely a Godsend. Nobody updates during the day of a panic but you. While everyone thinks the increase in the repo and cutting rates would save the market, you play these down as failed attempts. What is your take on this right now? Your loyal follower for life. HP ANSWER: […]
March 12, 2020
ASIA: Chinese Foreign Ministry spokesman Zhao Lijian said that the US military could have been to blame for bringing the virus to Wuhan. The comment was said in more of a retaliatory context after the US accused China of being slow to react to containing the virus. China bounced back, asking the US to reveal […]