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Wall Streetís Financial Crisis Preceded COVID-19: Chart and Timeline
Wall Street on Parade ^ | May 1, 2020 | Pam Martens and Russ Martens

Posted on 05/06/2020 2:12:58 PM PDT by sergeantdave

If a reputable polling outfit were to ask Americans what caused the current financial crisis on Wall Street, they would say the coronavirus COVID-19 pandemic. If Americans were asked in the same poll when the financial crisis on Wall Street started, they would tie it to outbreaks of the virus in the U.S. this year.

But as the timeline below and the chart above clearly substantiate, the financial crisis on Wall Street began in earnest on September 17, 2019, almost four months before the first death from coronavirus anywhere in the world was reported in China on January 11, 2020 and five months before the first death in the U.S. was reported on February 29, 2020, having occurred one day earlier on February 28.

(Excerpt) Read more at wallstreetonparade.com ...


TOPICS: Business/Economy
KEYWORDS: bailout; coronavirus; wallstreet
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A timeline of the latest Wall Street bailout that began months before the the first Corona virus death in the US.

The article has a copyright, so I won't publish the entire article but only fair use as permitted by law.

Read and enjoy.

1 posted on 05/06/2020 2:12:59 PM PDT by sergeantdave
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To: sergeantdave
https://wallstreetonparade.com/wp-content/uploads/2020/05/Repo-Purchases-by-Federal-Reserve-Versus-Yield-Collapse-on-10-Year-Treasury-Note-During-2008-2009-and-2019-Financial-Crises.jpg

Looks fishy to me. I trust the Wall Street Journal about as much as I trust Democrat politicians.

2 posted on 05/06/2020 2:18:17 PM PDT by Robert DeLong
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To: Robert DeLong

It’s not the Wall Street Journal, and I share your disbelief toward that newspaper.


3 posted on 05/06/2020 2:21:30 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: sergeantdave
Re: "the financial crisis on Wall Street began in earnest on September 17, 2019..."

Really?

Someone forgot to tell the Nasdaq 100 (QQQ).


4 posted on 05/06/2020 2:24:14 PM PDT by zeestephen
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To: zeestephen

I think the point is that the fed had quit taking money out of the market and had begun putting money back into it.


5 posted on 05/06/2020 2:25:37 PM PDT by dangus
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To: Robert DeLong
It's not fishy. Martin Armstrong identified it last fall and named it the "Repo Crisis." A decade plus of Zero Interest Rate Policy (ZIRP) has destroyed so much capital that the final crisis of socialism is upon the world. Europe is feeling it first, and European banks no longer trust each other.

This is why the US stock market is doing well even though the basic economy isn't.

European sovereign debt is in serious trouble, which is why European governments are destroying the last vestiges of financial privacy and are attempting to get rid of physical cash in their hunt for taxes to fill the black hole that dying socialism is leaving behind. Money is fleeing Europe for America where the Repo Crisis is just beginning. The money is going into the stock market because it is a private equity pool, not a public debt pool like the US T-bill. There is a fear that we're next.

6 posted on 05/06/2020 2:26:25 PM PDT by Publius ("Who is John Galt?" by Billthedrill & Publius available at Amazon.)
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To: sergeantdave

Yeah, it’s that utterly well-established, “Wall Street on Parade!”, a personal blog run by people still using “@aol.com” in their e-mail addresses.


7 posted on 05/06/2020 2:27:09 PM PDT by dangus
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To: sergeantdave

When was IMPEACH going on?


8 posted on 05/06/2020 2:33:35 PM PDT by Pollard (shadowbanned)
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To: sergeantdave

What is interesting is that in spite of the fed interventions the article mentions, the stock market itself would appear to have not noticed those things before the Wuhan Virus, either in general (all companies) or in terms of the big bank/Wall Street firms shares alone.

Were those matters as big and important as the authors suggest (and out of selfish self interest Wall Street, and their signals to all traders, ignored them), or are they over stating the issues? That question requires more research.


9 posted on 05/06/2020 2:34:08 PM PDT by Wuli
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To: dangus

“Yeah, it’s that utterly well-established, “Wall Street on Parade!”, a personal blog run by people still using “@aol.com” in their e-mail addresses.”

I’m sure you can provide us with a better analysis. Give us your link.


10 posted on 05/06/2020 2:36:19 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: Pollard

The inquiry stage of Trump’s impeachment lasted from September to November 2019, in the wake of an August 2019 whistleblower complaint alleging Trump’s abuse of power.


11 posted on 05/06/2020 2:46:11 PM PDT by Robert DeLong
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To: sergeantdave

I assumed it was somehow tied into WSJ. 8>) Reminder to self, never assume, find out. 8>)


12 posted on 05/06/2020 2:48:38 PM PDT by Robert DeLong
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To: Publius

What you say makes sense, because I had read that they were doing the exact same thing that got them in trouble that eventually led the 2008 financial crisis.


13 posted on 05/06/2020 2:50:45 PM PDT by Robert DeLong
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To: Robert DeLong
History doesn't repeat, but it does rhyme.
14 posted on 05/06/2020 2:51:47 PM PDT by Publius ("Who is John Galt?" by Billthedrill & Publius available at Amazon.)
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To: Robert DeLong

Hey, we’re all in the crab bucket together, trying to crawl our way out.


15 posted on 05/06/2020 2:55:17 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: Publius

True dat. But the cause and circumstances will so closely aligned so as to appear as a repeat.


16 posted on 05/06/2020 2:56:06 PM PDT by Robert DeLong
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To: sergeantdave

Total unadulterated bullshit.


17 posted on 05/06/2020 3:00:33 PM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: VTenigma

“Total unadulterated bullshit.”

Thank you, sir knight. Your impeccable and reasoned dissent will be chiseled in granite onto the Washington mall.


18 posted on 05/06/2020 3:11:30 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: sergeantdave

I think this gives way too much credit to the Fed’s
supposed “secret power”

Around this time passive money started to overtake active money by active market investors.

I think that combined with CV makes a hell of a lot more sense.


19 posted on 05/06/2020 3:17:21 PM PDT by CharleysPride (Bring Luke Denman and Airan Berry home!)
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To: CharleysPride

“I think that combined with CV makes a hell of a lot more sense.”

I am open to all manner of persuasion.


20 posted on 05/06/2020 3:26:56 PM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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