Bill Gates steps down from Board. Boeing's 737 MAX is grounded for 1 year...lay offs coming. I don't have to worry due to my hire date. Boeing's balance sheet is at -8.6 billion.

Boeing certainly made their bed and now they are tossing and turning in it!

737 max should never fly again.

How's that yield curve looking?

You would think that precious metals would be more stable than they have been. They ain’t looking so hot either...

Not often you see oil,PM's and equities all down.

Apparently gutter oil is looking good

It looks to me like an inverted yield curve really IS a good indicator of a coming recession. A global viral outbreak seems to be a bit of an indicator as well.

SD, your thoughts?

Dan, did I not warn you guys about the inverted yield curves the first day the 3 month inverted over the 5 year? I think back in November 2017 is when it first inverted.


It is so hard for me to remember since I have given you guys a "heads up" on so much stuff.

Remember when I said that Germany would align with Russia and China in the future and be a competitor for the USA? An adversary not a friend anymore.... All of Europe is going to break apart, some of it will align with Russia and some with England and the USA but the EU is about to be over and done. Russia already supplies nearly all of Europe with gas and oil, it would not be wise for Europe to distance itself from Russia and most countries will sign full energy and defense treaties with them, some will stay loyal to the USA and England but most will not.

You are witnessing the old system dying and a new system rising, the entire world is realigning.

I predict Boeing is gonna go bankrupt. In-fact I will go as far to say that I feel the two 737 max crashes were part of a conspiracy with the ultimate plan being Boeing going bankrupt. Boeing new this crash was coming even before I knew, going bankrupt is part of their strategy. Close production of private airliners, shed all liabilities associated like employees and pensions, liquidate their Washington state assets and settle with the pension systems under "fiat currency". Maintain their defense and aerospace contracts which is under a different corporation.

Come on Man...you didn't foresee the Corona virus. Nice try. lol

I sure didn't.

I did foresee Trump being a weak and gutless leader that couldn't lead his way out of a wet paper bag, though. The inverted yield curve was an indicator - Trump's incompetence was a given.

Hey Rich - how's the gold-backed yuan doing?

Predicting a market drop doesn't make you a prognosticator, Rich. It makes it one of the two times a day your broken-watch ass is right. You're chicken little, the boy that cried wolf, and the blind squirrel that just found a nut all rolled into one.

Quit cheerleading for the apocalypse, Rich, ya dumbfuck. Idiots like you are what leads to runs on banks and toilet paper. You should stfu for about 8 weeks instead of patting yourself on the back.

Dan, you must be a little bit grateful? Oh wait you did not listen, I bet you didn't prepare at all. That is too bad, well Trump might save your ass with a bail out...

As someone who has 32 years into that pension what would that “fiat currency” be and can I trade it for tp?

Chances are, I'll survive. You keep cheerleading for disaster, though. Maybe you'll get lucky, and this really will be the end of society as we know it.

Save my ass. lol Fvck off you little twat. I don't need Trump to save me, you fuckin' kook. Neither does anyone else. All we need is his retarded ass to not steer the ship onto the rocks. But he's a dumb motherfucker like you are, so that's right where he has us heading.

Just stfu, Rich, you anti-American fuckface. You've been cheering for this country's demise the whole time you've been here on the dark side. Now that there's a chance for it, you're all full of glee. Feel free to go fvck off, and then when you get there, fvck off some more.

HOLY CRAP....DOW 15k is a given. 638 people a day are dying in Italy.

WOW!!

Its headed way down today, Oil is back on the drop.

Look at PM's, big margin calls and hammered by the FED.

Why are you so surprised? I thought you were Mr. Clairvoyant of all things.



I guess you've just been lying about your clairvoyant abilities all this time and you just pull things out of your ass in hopes someone would eat your shiit sammiches.

Go eat some wild mushrooms, you kook.

They let bean counters over rule engineers, so they took a reliable safe aircraft and turned it into a unsafe death trap.
All because of the fuel savings those new engines were going to produce.

The sheshe is spot on... that makes a couple times when you’ve been right.

Boeing credit was downgraded today with several more coming. Execs are flying to DC to ask for a bailout. They have a lot of assets so not sure how it will shake out. The smart money is betting they will sell off into 6 or 8 separate companies. Their pension plan is underfunded by 30 billion and they stuffed it with $3.5 billion of their stock at $350 per. Which is now less than half the value. The pension holders will lose everything short of a bailout. Inslee is about to kiss some Trump ass.

Capitalism is about to kiss Socialism's ass.

Fish on...

todd

Corporatism* ... we don’t actually have true capitalism in the United States. Capitalism would mean there are no bailouts for anyone.

Anyone that believes that should brush up on their economic theory.

From Merriam-Webster:

Capitalism - an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

Giving billions to prop up various industries is not capitalism. It’s government assisting in the decisions, means of development and investment of products and goods. That isn’t capitalism.

Streamer I was referencing Todd’s claim “Capitalism is about to kiss Socialism's ass” we agree.

It's easy to be right, just don't believe a fvckin thing Trump says.
Your welcome.

Hardly ever taken him seriously... particularly now. He’s in way over his head.

This is my point.

The shitferbrains that are worried about Democratic Socialism pay more for their Corporate Socialism already...but somehow have been convinced by the ultra-rich that get the handouts that this is Capitalism, and doing anything to benefit anyone else is Socialism.

This country is the biggest Socialist country in the world, we just redistribute all of our tax dollars to the ultra-rich.

Fish on...

Todd

Corporations that used their Trump tax break to buy back their own stock should not be eligible for the socialist bail out.

Agree. That should also apply for any Corps that pay out any bonuses or dividends for the next 2 years. I believe that's Denmark's new policy.

I am watching and waiting. My TP stock is through the roof!

Waiting for the first carjacking for TP. or a Chinamart parking lot strong arm robbery for TP.

Big drop in the market today. Coronavirus concerns fueling the drop?

Who makes those Don't Tread On Me flags and bumper stickers?
I have a gut feeling those are going get really hard to find in a few months, like to get in on the ground floor, you know ride the wave.

Don't forget " Blue lives Matter" I would rock one of those.

Or you could wrap yourself in a BLM flag and then let Dan help you out.

The stock market wasn't thrilled with the covid 19 news coming out.

And just in time, president lard ass is going to end federal funding of covid testing - because he's a retarded asshole loser piece of sh!t.

Can you believe it? It's not like it's his money (it's ours!) and he certainly doesn't give a damn about deficits, so the obvious conclusion is he's pretending shittons of people aren't getting sick every day and many states aren't at their highest levels of covid ever.

Now more deaths will correctly be attributed to that ignorant imbecile's selfishness.

More free money in Oct.

What makes that so funny? I don't get it.

Stock market hovering over 25K. While the average is down there are some companies doing well. Apple, Starbucks, Home Depot, Kroger.