Reckitt Benckiser: Old Brands, New Path (OTCMKTS:RBGPF)

Via SeekingAlpha.com In order to have a diversified portfolio, it’s usually recommended to have stocks in each of the main sectors. However, I’ve found consumer staples a tough area to find value in. I got into Archer-Daniels-Midland (ADM) at a reasonable price and that’s been a solid holding in terms of dividends, if not price accumulation. I’m looking for another...

With economy in crisis, U.S. lets importers delay some tariff payments

Via Reuters Finance FILE PHOTO: Treasury Secretary Steven Mnuchin discusses details for economic relief during the daily coronavirus response briefing as Small Business (SBA) Administrator Jovita Carranza listens at the White House in Washington, U.S., April 2, 2020. REUTERS/Tom Brenner WASHINGTON (Reuters) – The Trump administration on Sunday said it would allow importers hit by the national health crisis to...

Greenwich Mansions Are Finally Back In Demand, But Only As Short-Term Quarantine Escapes

Via Zerohedge The Greenwich housing market had been cooling off significantly over the last 12-18 months – that was, until the government tried to keep everybody quarantined in Manhattan. We had written several articles talking about how the market was imploding as far back as April 2019 and how, at the beginning of 2020, almost no houses in the area...

Singapore sets new daily record for coronavirus cases

Via Financial Times Singapore set a new daily case record over the weekend as the city-state once lauded for its handling of the outbreak struggled to contain the virus’s spread among its 1m low-wage migrant workers. The new overall infections, peaking at 942 on Saturday and dropping to 596 on Sunday, took the total number of cases in the city state...

Deep short-term pain, followed by strong recovery

Via China Daily Cai Meng/China Daily The short-term economic shock from fighting the COVID-19 pandemic has been more serious than initially thought. Most countries have plunged into negative growth during the height of the virus. But recently released forecasts by the Asian Development Bank, the World Bank and others predict that the bounce back from the economic closures can be...

The impact of the COVID-19 crisis on the equilibrium interest rate

Via VOX EU In a series of speeches since 2013, former Treasury Secretary Lawrence H. Summers advocated that “secular stagnation – a prolonged period in which satisfactory growth can only be achieved by unsustainable financial conditions – may be the defining macro-economic challenge of our times”. This hypothesis rests, inter alia, on the observed trend decline in inflation and the equilibrium...

Schumpeter – Away from the headlines, defence is Boeing’s next problem | Business

Via The Economist Feb 8th 2020 AMID THE crisis over the 737 MAX it is easy to forget that there is more to Boeing than passenger jets. Its Minuteman intercontinental ballistic missiles, which John F. Kennedy called America’s “ace in the hole” during the Cuban missile crisis, and the B-52 bombers (“Big Ugly Fat Fellas”) that lumbered over Vietnam are...

Young COVID-Positive Redditors Describe Agony Of Ongoing Symptoms Nearly Two Months After Getting Sick

Via Zerohedge While COVID-19 mostly kills older people with underlying conditions, it can have devastating effects on the vast majority who survive the initial illness – including younger individuals. Based on what we know about this brand new disease, up to half of those who contract it may show no symptoms. Of those who become sick, effects range from no...

I’d still buy stocks in a recession!

Via Yahoo Finance The global pandemic and economic downturn are boosting the likelihood of a recession. In fact, the International Monetary Fund predicts this year’s lockdown-induced economic slump will be the worst since the Great Depression. Global growth is expected to go into reverse with a 3% drop in 2020. So the question is, would I buy stocks in a...

Netflix roars ahead thanks to captive audience

Via Financial Times Residents of New York, Los Angeles and Chicago woke up on March 20 to life under lockdown: for the first time in the coronavirus crisis, millions of Americans were ordered to stay home.  That same morning, Netflix added seven new programmes to its platform — among them a docuseries about the lurid life of a zoo operator named...

Medical supply exports unimpeded, firms say

Via China Daily A China Southern Airlines worker loads medical supplies, including masks and protective suits, at Shenyang Taoxian International Airport in Northeast China’s Liaoning province, on March 16, 2020. [Photo provided to chinadaily.com.cn] China does not restrict medical supply exports, and is ramping up efforts to ensure product quality to help the global fight against the novel coronavirus outbreak,...

Solar powered buildings – Transparent solar cells could be used to glaze office blocks | Science and technology

Via The Economist Dec 14th 2019 OVER THE past few decades, photovoltaic cells have gone from being exotic and expensive power-packs for satellites and similar high-end applications to quotidian generating equipment for grid-scale power stations. One area where they have not yet fulfilled their potential, though, is as local sources of electricity to keep office buildings and the like supplied...

A Speculator’s View On Gilead Sciences And Its Hopes To Treat The Coronavirus Pandemic (NASDAQ:GILD)

Via SeekingAlpha.com It was early 2017. I was looking for dividend payers in good franchise companies selling at a discount with little to no correlation with the S&P 500 (SPY). Gilead Sciences (GILD) seemed to fit the bill at what I thought could be an imminent end to a near 2-year slide from an all-time high. Three years later, after...

Oil drops further, U.S. futures at lows not seen since 2001

Via Reuters Finance FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol (Reuters) – Crude oil futures fell in electronic trading on Sunday evening, with U.S. futures touching levels not seen since November 2001, extending last week’s weakness on the back of sliding demand because of the COVID-19...

This Is Where The World Is On The “Corona Curve” At This Moment: Over The Hump

Via Zerohedge After weeks of “climbing the coronacurve“, we finally have some good news – we are now officially over the hump “tipping point.” The global infection growth slowed from 90% W/W to just 38% W/W in the last fortnight (total infections: 2,157,108, deaths: 143,844, 6.7% mortality rate), and the number of global new daily cases has dropped to 65.6K,...

Iran May Need an ‘America Free’ Day

Via Gatestone Institute An obsession with America has been a key feature of the Khomeinist mindset that has dominated Iranian politics since 1979. Pictured: Iran’s “Supreme Leader,” Ali Khamenei, proclaims “Death to America” on March 21, 2015. (Image source: MEMRI video screenshot) The United States is on the verge of losing its position as the global superpower. Even worse,...