Michael 'big Short' Burry Blasts "unjustifiable" Lockdowns As "most Devastating Economic Force In History" -- Society's Child -
Infamous for his painful but ultimately profitable "big short" bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series of tweets over the past two weeks that the government-enforced lockdowns and business shutdowns across America may trigger one of the country's deepest-ever economic contractions, and further still, are not necessary to contain the epidemic (on March 22nd).
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.
Commercial real estate owners, brokers, and landlords have collectively made many hundreds of billions of dollars a year in recent years as the economy zipped along. Now, they're getting clobbered by the pandemic-fueled economic crisis. Worse, their industry may be forever changed by it. To state the obvious, extracting rent from nearly anyone right now [...]
By Anela Dokso Oceaneering International Services (OISL), a subsidiary of Oceaneering International, has got a contract to complete seabed route and debris clearance for the Moray East wind farm project in the Moray Firth, Scotland. The contract was awarded by Moray Offshore Windfarm (East) Limited (MOWEL). OISL will provide a full suite of services for...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy long-term Treasury bonds. Our article also called for a total international travel ban. While we were warning you, President Trump minimized the threat and failed to act promptly.
Coronavirus is probably the #1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with us and replicated these trades are up double digits whereas the market is down double digits.
Sba Director Attacks Big Banks: They Don't Care About Small Businesses After Getting 2008 Bailout Money
A Small Business Administration official criticized some big banks for taking bailout money in 2008, only to resist helping small businesses during the coronavirus crisis despite the fact that loans have been federally subsidized and are desperately needed, Washington Post reported. Congress on March 27 approved up to $349 billion in forgivable loans under the [...] The post SBA Director Attacks Big Banks: They Don't Care About Small Businesses After Getting 2008 Bailout Money appeared first on Moguldom.
Sila, the banking and API payment platform set up by former Simple co-founder Shamir Karkal, has clo...: Sila, the banking and API payment platform set up by former Simple co-founder Shamir Karkal, has closed a $7.7 million seed funding round.