Global Economy Not Heading Into a Recession - IMF’s Lagarde

Rabobank: Markets Need To Start Pricing For One Of Two Things - One Bad, The Other Terrible | Zero Hedge https://t.co/GFprXnyXh5

— amin dada (@kambrone64) February 27, 2020

I like this kind of humor. Like I always say, don't worry, it can only get worse.

#Flashback Vice President Pence Tells West Point Grads They Should Expect To See Combathttps://t.co/6Da8QMQVEa
The Baltic Dry Index (Shipping of Goods) showed the Markets were collapsing long before the coronavirus showed up. When Free Trade doesn't cross borders
#Pencedemic pic.twitter.com/Tx6y890Dx3

— Mark Twain was right, stick with a Dog! (@DogsareLoyal1s) February 27, 2020

The virus only came on top of the already happening shit. 

BREAKING: Global stock market losses are now at $5trn (£3.9trn) #stocks #dow

— AS-Source News (@ASBreakingNews) February 28, 2020

Gerald Celente - $2000 Gold Coming and Brace For The Greatest Depression Ever Seen by Early 2021

via @geraldcelente https://t.co/tT7puQVOix

They got away with it too!!!
pic.twitter.com/HZTCQ4apih

— Mark Twain was right, stick with a Dog! (@DogsareLoyal1s) February 28, 2020

2/
Even if we were conditioned to think so.

Will The Fed Activate A Coordinated Central Bank Bailout On Sunday?
A coordinated bailout of what? their Ponzi scheme?

The Fed's problem is that this collapse is not a financial one.
It is a supply chain one .

— Veritas Semper Vincit (@semper_vincit) February 28, 2020

3/
Printing money won't make commerce happen, because secondary to quarantine in China, the supply chain is broken.
And this is affecting the US economy on every level.
The Fed is gonna print more and save the Wall Street crooks and buy more time.

4/
Not for long as printing money does not create wealth or commerce.
BTW, US economy has been in a depression since 2008, only it was masked by funny statistics.
Now, the mask has fallen.
Printing + lowering rates is like  Boeing providing "software updates"

5/
like Boeing providing "software updates" to 'address' mechanical failures.
The plane will crash anyway.
The fundamentals are that the Fed can not create products required by consumers and industry out of thin air, like it does with  legal tender.

"Trump Faces An Impossible Trade-Off": Why A Global Recession Is Now Inevitable.
https://t.co/XgmxSmIYjD pic.twitter.com/ottXo4FGK2

— Mats Nilsson (@mazzenilsson) February 29, 2020

Shortage In Chinese Products Could Mean Empty Shelves In U.S.

When you read a headline such as above, you should realize just how Corporate America who receives subsidies and massive tax breaks then sold out the American workers for cheap foreign labor.https://t.co/A9HF5NezWe

— Mark Twain was right, stick with a Dog! (@DogsareLoyal1s) March 2, 2020

Decades of corruption in both political parties, corporate and banking.
Soon it'll be time to pay the fiddler. This is also why they want the guns. https://t.co/cyZuVFVVoq

— Mark Twain was right, stick with a Dog! (@DogsareLoyal1s) March 2, 2020

U.S. Economy Heads Towards Recession As Its Central Bank Takes Panic Measures To Protect Financial Markets https://t.co/ZuL3oHrTZP

— SouthFront (@southfronteng) March 5, 2020

"Debt Saturation Meltdown" I'll make a bold prediction. This is the year where the US financial system & real economy will meltdown, only to intensify in 2021. By then very likely we will see 'stranded US troops' stuck around the world unable to buy themselves a ticket back home!

— Vidari (@RealSnipDeal) March 5, 2020

OK, I thought it could last until 2023/24, but ...

American Economy is doing Great. pic.twitter.com/EQYLzd7XwO

— SapiraPapiraBat (@BotPutins) March 7, 2020

NOPE, Covid-19 IS NOT THE CAUSE. US Markets have been eat up with the DUMBASS for a long time leading to current crash. "The Market Slump Is Just Beginning" - Covid-19 Is Not The Cause, It's The Catalyst | Zero Hedge https://t.co/dQbBBExWT2

— Nanotech ET man (@nanotechexec) March 7, 2020

This has nothing to do with the DUMBASS alone, nor with those in Europe. A few small changes in policy like other figureheads and mouthpieces cannot save anything here either. The only rescue would be a radical regime change in USA/Europe.

https://cdntest.db.lv/lvold/1100/2019/articles/2020/03/495210__5e5de9588fee0.jpg

the meme of the year 2020!!

Where does she work? I mean not the institution, but the place. The ECB stands <500 m away from me ...

Böhse Tante wrote:Where does she work? I mean not the institution, but the place. The ECB stands <500 m away from me ...

Where do witches work?

Kunstler: "We've Entered The Hunkering-Down-In-Place Stage" | Zero Hedge https://t.co/cVkUqRFlJ3

— Nanotech ET man (@nanotechexec) March 10, 2020

Slovák wrote:

Böhse Tante wrote:Where does she work? I mean not the institution, but the place. The ECB stands <500 m away from me ...

Where do witches work?

In Germany usually on the mountain "Brocken" where they fly to in the night from April to May.

https://threader.app/thread/1203146351321550848

A few additional infos there, interesting read bc it's from last year.

EU suspends Stability and Growth Pact

the conditions for the use of the general escape clause of the EU fiscal framework - a severe economic downturn in the euro area or the Union as a whole - are fulfilled,"
The Stability and Growth Pact of the EU limits the state budget deficit in EU member-states by 3% and the state debt by 60% of GDP
https://tass.com/economy/1134309

Böhse Tante wrote:

Slovák wrote:

Böhse Tante wrote:Where does she work? I mean not the institution, but the place. The ECB stands <500 m away from me ...

Where do witches work?

In Germany usually on the mountain "Brocken" where they fly to in the night from April to May.

pics could be interesting ...

                  

.

As you can see, that is absolutely authentic and true, in the "Walpurgisnacht" the witches from everywhere fly to the "Blocksberg" (Brocken in Harz) and dance the "Hexensabbat" ...

In 5 weeks I'll clean my broom ...

may be this year they should postpone the event too or bewitch the virus first, thanks for sharing your photos

they have not yet and may never admit... all of this odorous shit paper like ETF's, derivatives, CMO, CDO, CLO, etc. was to PROP UP the failing US Petro dollar. US Peeps are clueless... no Petro$.. brace for MEXICO OR WORSE LIFE STYLE https://t.co/KL4dOMVDoO

— Nanotech ET man (@nanotechexec) March 24, 2020

Not only the failing Petro dollar but also the failing western economies. The capitalistic system is "over ripe" since the 80s (crash of SU gave it a little breathe again) and already started rotting. 

Slovák wrote:may be this year they should postpone the event too or bewitch the virus first, thanks for sharing your photos

It seems the tale of Walpurgisnacht is only known in Germany or German speaking regions. 

There is a tradition that in this night the youngsters go out and do ridiculous things, for example, unhinging and hiding garden gates and similar nonsense. 

https://www.cashkurs.com/kolumne/beitrag/wachkoma-ich-frage-ja-nur-mal-so/

https://www.cashkurs.com/kolumne/beitrag/wachkoma-ich-frage-ja-nur-mal-so/

"Persistent vegetative state. I'm just asking...
Toilet paper is still the most popular security in this country these days. Some people can't even eat enough to use up their special reserves. It doesn't fight the virus, but it's more effective than valerian. But how would the hoarders know? There hasn't been a crisis like this in a long time. No one is trained for this. But even the learning curve is as steep as the rate of infection.


 30.03.2020 Author: Frank Meyer


Bruce Rolff / Shutterstock.com

The noodles remain the new gold. Now just a little more expensive than some of the other items out there. Are you observing this too? The stock market has a life of its own in this matter. It's a battle of "flares"... deflation and inflation working simultaneously. After the DAX plummeted nearly 40%, the first hoarding took place. They just don't know if the hamster is sustainable.

Governments and central banks are trying to interrupt the chain of infection with trillions of freshly printed money and thus initiate a healing process. What else? With face masks, which were worn everywhere in China, but which allegedly do not help? Until you hear otherwise, like last week.

Good advice very expensive

One doesn't know what to believe. Whoever screams the loudest will probably be honest. Even when asking questions, you should be careful. There are even Corona deniers on the way! Fortunately, the expert says, there are central banks - with lots of money. But that is likely to confuse prices in the near future.

Hardly anything will remain as it was a few weeks ago. But perhaps this medicine will also kill the patient if old debts are treated with even more new debts. Without the coronavirus, all these measures would not have been possible anyway - and would have been possible! Then something else would have tapped into our prosperity bubble - so close to the usual oversupply of asparagus and strawberries that the cheap harvest helpers are signing up for us.

We have become quite decadent to let others do the work for us because the minimum wage is too low and we want cheap asparagus. Crazy-crazy. So this crisis shows that crazy people do crazy things and approve of them as long as it goes well.

The economy is crashing straight down. She had an undiagnosed condition before Covid-19 showed up. They're saying this virus infected the economy and then killed it.

After a decade of recovery, even major corporations are now standing with no bacon on their bones, calling for the state. It used to be called a subsidy. Now they're called "parachutes". Who's gonna pay for them? Take a guess. The postman is guaranteed to find the mailboxes of the remaining taxpayers.

On behalf of Corona

Governments distribute money. Was the debate on an unconditional basic income purely accidental? And also the discussion about this modern monetary theory and helicopter money? I'm just asking.

The left is demanding a levy for the rich. That's going down well right now. Others are demanding "corona bonds" and the filling of the channels dug by politicians and the ECB for the real flood of money. Cash is also being demonised as dirty. Will we soon have to be monitored? And was the bail-in in Cyprus a kind of test run? It worked, didn't it? Did the ECB create these monetary instruments in order not to want to play on them? In the name of Corona the conductor raises his baton demanding. Just asking...

What we see, we have not seen yet. 1.3 billion people are virtually quarantined. Empty streets and squares, free passage for unfree citizens on the autobahn and not only Frankfurt is already a climatic health resort.

Maybe all this is necessary and right. But what are you supposed to believe? The financial crisis was just made up by greedy bankers, they said back then. And it was wrong and too short-sighted. This time our world is being hit by a virus, where it might fail to keep a burst balloon flying with air pumps. And if it fails? Who would it benefit? I'm just asking...

The state is throwing more and more tax money into the fire to put it out. It's driving up the debt. Initial estimates put the virus at 1.5 trillion euros. It could be a lot more. Black zeros are as old as the Maastricht Treaty.

The Central Bank is financing this with trillions of fresh money out of nothing. It can buy up everything with fresh money. Only then does an oversupply of money in one kind of shock hit the next shock - the undersupply on the supply side of goods and services.

"What does that mean to me in concrete terms!?"

The smell of inflation is already permeating the "presence gaps" in supermarkets. What the central banks are now doing is giving a heroin addict the golden shot. We are currently exchanging our freedom for a kind of security. Will we get our freedom back later undamaged? I'm just asking.

..............

What we may be facing...

Too bad there are a lot of interesting comments. Something went wrong when I tried to put the whole page in the translator. Have no time to find out what I did wrong.

A little "head up."

My grandparents had experienced World War I, the "Spanish flu", hyperinflation, the Great Depression and World War II. My mother's parents were young parents in the WWI (Aunt was born 1912), my father's parents were children/teenagers.

That was from 1914 to 1945 (and the first years after WWII were heavy too), so you can say ~30-35 years one shit and catastrophe after the other.

Apparently you can survive that, somehow.

It is currently expected that over the course of the next several quarters, the Fed’s balance sheet will grow to $10 Trillion in total. Such would be a $6 Trillion expansion from the previous levels.

This is no longer a game of just “subprime” mortgage debt. This time they are having to bailout debt from credit cards, to auto loans, corporate debt, mortgage debt, mortgage servicing, municipal debt, and fund the entirety of the federal deficit.

investors are currently banking on the Fed’s numerous monetary injections to fuel asset prices higher, there is a real possibility the Fed is simply “filling in a hole” that is growing faster than they can fill it. there is likely much more debt at risk of default than the Fed is currently taking in, and disruption of credit markets is still possible.
Given the banks do NOT want to loan out any funds not guaranteed by the Federal Reserve, the excess liquidity flows into asset markets.

The problem with monetary policy, in all of its forms, is that it disincentivizes capitalism. Zero interest rates, excess liquidity, and a closed-loop between the banks and the Fed, removed all incentives to “take risk” of lending money to businesses and individuals to create economic growth. Instead, that liquidity fueled assets prices, stock buybacks, and corporate debt which engendered a wealth gap never before seen in history. In fact, there is no evidence that QE leads to monetary velocity, or rather the transfer of liquidity into the economic system, at any level.

https://www.zerohedge.com/markets/debt-chasm-just-too-big-fed-fill

... in other words we are witnessing the End of capitalism in USA.

even with a government dominated by ministers more libertarian than any since the Thatcher era and therefore sympathetic to free market solutions, there is no exit plan that fully recognises the role of free markets. Government spending as a proportion of GDP has increased, will increase further and is unlikely to decline. Nor is there any recognition of the global bank credit cycle and its consequences. Forgotten is the downturn in global trade, which for an entrepôt nation is vitally important. For different reasons, the developing crisis for the dollar is also developing for sterling.

The problem is whether those in charge understand it after decades of Keynesian intervention and inflationism.
https://www.zerohedge.com/markets/pounds-future-dollar-collapse

Here something about the "good" economic data from Germany. Insolvency filings are suspended until the end of September. What it looks like after that is up in the stars. Nobody knows how many insolvencies there will then be or whether the government will come up with something "great". 
The following still as insider information about the registered unemployed:

- Many companies offer a transfer company for 4-6 months after the bankruptcy with 60% transfer short time work compensation plus voluntary top-up (up to 100% of the last wage)
- People are not listed as unemployed until after the "social contract" expires
- This is insider knowledge, these companies are currently piling up the redundant employees. 5000 Galeria Kaufhof or Karstadt employees now come from every statistic.

This means that each of these two companies alone has put about 5,000 unemployed people on hold. And in Germany nearly noone has knowledge about it.

Perhaps the bomb will explode in December ...

Translated with www.DeepL.com/Translator (free version)

The UN General Assembly called on countries to refrain from imposing unilateral sanctions against developing countries that are not in accordance with international law:
http://go.tass.ru/XSC0.

The truck manufacturer MAN wants to cut 9,000 jobs globally. Apart from jobs, it probably also means that it says something about transport capacities.