Vanilla Ice Risks Spreading Virus Just to Remain Relevant

Vanilla Ice has agreed to perform at a concert in Texas, proving he’s so desperate for work and publicity he’s willing to spread Covid-19. The “rapper” hasn’t addressed the risks posed by his concert, preferring to focus on resuscitating his career. The concert comes at a time when Texas is now seeing over 8,000 new […]

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U.S. Stock Market Rattled as Millions of Jobs are Permanently Dead

Total unemployment claims in the U.S. since March total 36 million, with China exceeding 50 million and U.K. projected to see 12 million. Stanford professor Nicholas Bloom says 42% of lost jobs will not be restored. The U.S. stock market risks a deep pullback as investors fail to consider worse outcomes of the pandemic. Unemployment […]

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3 Reasons Why the ‘Greed’ Rally Courts a H2 2020 Stock Market Disaster

The U.S. stock market is surging, but lack of spending and record-high optimism leaves it vulnerable to a correction. Swiss pharma giant Novartis CEO re-emphasized that a vaccine is not likely to be ready in 24 months. A stock market researcher warns there is no money in the equities market. The U.S. stock market is […]

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Billionaire Investors Aren’t the Only Ones Predicting a Stock Market Crash

Billionaire investors have warned that the stock market is overvalued. A majority of investors believe the next big market move will be down. A second wave of coronavirus cases and stock overvaluation could cause a market crash. A few days ago, billionaire investors warned that the U.S. stock market could crash as stocks are overvalued. […]

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Another Three Months of a Los Angeles Lockdown Is Unsustainable

The Los Angeles lockdown will, “with all certainty,” continue for at least another three months. The beaches reopen on Wednesday, May 13th. Another three months of quarantine will prove unsustainable for Los Angeles in particular and California as a whole. Bad news for Angelinos: the Los Angeles lockdown continues for at least another 90 days. […]

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Government Report Predicts Coronavirus Spread to Soar As Weather Warms

The Washington Post published a coronavirus report from the U.S. government today. The report stated that daily coronavirus deaths could climb to 3,000 by June 1st. Some states have started to reopen their economies even though warm weather is clearly not slowing the spread. One of Donald Trump’s big early defenses against the coronavirus was […]

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Who Will Survive the COVID-19 Crisis: Southwest or American Airlines?

The U.S. airline industry is losing money as the COVID-19 pandemic reduces travel demand by 95%. Huge debt and operating cost of American Airlines makes it more vulnerable to the pandemic. Southwest Airlines’ strong liquidity puts it in a better position than peers to fight COVID-19. The U.S. airline industry will never be the same […]

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Bitcoin Garners New Users as Governments Flood World With Fiat

Governments around the world are careening toward a period of dramatic spending. The U.S. Federal Reserve announced another $2.3 trillion in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England announced it would likely extend billions of pounds to directly finance the government’s crisis response. All this inspires inflation concerns around […]

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Elon Musk Looks Foolish as Tesla Cuts Salaries After Dumb Coronavirus Tweet

A month ago, Elon Musk tweeted that the panic over the novel coronavirus is dumb. Now, Tesla is implementing cost-cutting measures. Tesla’s shares have also nosedived since Musk’s infamous tweet. In March, Tesla chief executive Elon Musk downplayed the coronavirus threat and tweeted that the panic over the virus is “dumb.” A month later, the […]

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