News From ZeroHedge
Trump Urges Dismissal Of Mar-a-Lago Case, Claims ‘Selective And Vindictive Prosecution’
ZeroHedge - May 3rd 2024 9:00pm EDTTrump Urges Dismissal Of Mar-a-Lago Case, Claims ‘Selective And Vindictive Prosecution’ Authored by Caden Pearson via The Epoch Times (emphasis ours), Former President Donald Trump docketed a brief to support his motion to dismiss the classified documents indictment against him in Florida, citing “selective and vindictive prosecution” on Thursday. Former President Donald Trump speaks to […]
Stormy Daniels Lawyer Says Payment Wasn’t ‘Hush Money’ – Avenatti Calls “A Shakedown”
ZeroHedge - May 3rd 2024 8:40pm EDTStormy Daniels Lawyer Says Payment Wasn’t ‘Hush Money’ – Avenatti Calls “A Shakedown” A lawyer who was involved in negotiations between former President Donald Trump and two women denied that payments made to them constituted “hush-money,” and instead used the word “consideration.” Keith Davidson, who negotiated deals with both Stephanie Clifford (aka Stormy Daniels) and […]
Money Is A Monopoly Government Will Never Surrender
ZeroHedge - May 3rd 2024 8:20pm EDTMoney Is A Monopoly Government Will Never Surrender Authored by Jeffrey Tucker via The Epoch Times, A major intellectual revelation from my youth came from reading Murray Rothbard’s “What Has Government Done to Our Money?” (1963). He includes a passing opinion that private markets are perfectly capable of producing money with no help from government. […]
California’s Single-Family Zoning Exemplifies The Market-Intervention Problem
ZeroHedge - May 3rd 2024 8:00pm EDTCalifornia’s Single-Family Zoning Exemplifies The Market-Intervention Problem Via SchiffGold.com, California’s government bet that they knew better than the free market. And now millions are paying the price… The story begins in 1919, when the city of Berkley, California instituted legislation setting aside districts that would only allow the construction of single-family housing. The idea spread, and soon much of California’s urban areas had adopted the […]
Major Australian Pension Fund To Restrict Coal Investments
ZeroHedge - May 3rd 2024 7:40pm EDTMajor Australian Pension Fund To Restrict Coal Investments By Tsvetana Paraskova of OilPrice.com Australian Retirement Trust, which manages $183 billion (AUS$280 billion) of retirement savings, is placing thermal coal on its exclusion list as of July 1, as it looks to have a net-zero emissions portfolio by 2050. Thermal coal includes the mining of lignite, […]
Watch Live: The Great Gold Vs Bitcoin Debate
ZeroHedge - May 3rd 2024 6:25pm EDTWatch Live: The Great Gold Vs Bitcoin Debate https://t.co/z5tfJThm9J — zerohedge (@zerohedge) May 3, 2024 ZeroHedge is partnering with Crypto Banter to bring together four top minds to debate one of the most combustible topics of the day: gold or bitcoin? In the anti-crypto corner is the man whose name is synonymous with “gold”, […]
Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible
ZeroHedge - May 3rd 2024 6:20pm EDTFord’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible Authored by John Seiler via The Epoch Times (emphasis ours), So much for California’s mandate that “all new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,” according to the California Air Resources Board. It imposed the mandate at the […]
Houthis Warn Drone & Missile Attack Coverage Expanding To Mediterranean Sea
ZeroHedge - May 3rd 2024 5:20pm EDTHouthis Warn Drone & Missile Attack Coverage Expanding To Mediterranean Sea Yahya Saree, spokesperson for the Iranian-backed Houthi terror group, declared in a televised speech to supporters at a Friday rally in Al-Sabeen Square, Sana, that they intend to target Israel-linked ships in the eastern Mediterranean. The risk of conflict spilling over from the Red Sea and Gulf of […]
Americans Continue To Name Inflation As Top Financial Problem: Gallup
ZeroHedge - May 3rd 2024 5:00pm EDTAmericans Continue To Name Inflation As Top Financial Problem: Gallup By Jeffrey Jones at Gallup For the third year in a row, the percentage of Americans naming inflation or the high cost of living as the most important financial problem facing their family has reached a new high. The 41% naming the issue this year […]
Fed F**kery Turns $37BN ‘Unadjusted’ Bank Deposit OUTFLOW Into $126BN INFLOW
ZeroHedge - May 3rd 2024 4:40pm EDTFed F**kery Turns $37BN ‘Unadjusted’ Bank Deposit OUTFLOW Into $126BN INFLOW Money market funds added $23.6BN in assets last week, pushing the total funds under management back above $6 Trillion – still well off the highs (as some tax-related withdrawals remain lost)… Source: Bloomberg Both retail and institutional funds saw inflows last week… Source: Bloomberg […]
“The Whole Rotten Train Is Going Off The Rails”
ZeroHedge - May 3rd 2024 4:20pm EDT“The Whole Rotten Train Is Going Off The Rails” Authored by James Howard Kunstler via Kunstler.com, Nostalgia For The Mind “Resentful childless harpies unconsciously longing for domination. Why else worship at the altar of Hamas? Why else would it be so overwhelmingly female?” – Dr. Jordan Peterson Wasn’t it cute how the youngsters who “occupied” […]
Big Taper, Bad Data, & Buyback Bonanza Sparks Buying Frenzy In Bonds & Stocks
ZeroHedge - May 3rd 2024 4:00pm EDTBig Taper, Bad Data, & Buyback Bonanza Sparks Buying Frenzy In Bonds & Stocks The markets took on a Dickensian dimension this week as while “it was the worst of times (for economic data), it was the best of times (for stocks)”… The US Macro Surprise Index continued its serial disappointment plunge into the red […]
Watch: Biden’s Head Of Economic Advisors Try To Explain Government Borrowing
ZeroHedge - May 3rd 2024 3:25pm EDTWatch: Biden’s Head Of Economic Advisors Try To Explain Government Borrowing Authored by Mike Shedlock via mishtalk.com, Jared Bernstein was asked about Modern Monetary Theory (MMT)… MMT says government is different. It owes the money to itself and the debt can be canceled at will. In MMT theory, a benevolent government would spend the money […]
“World Cup Of Shed Hunting” Underway In Jackson Hole
ZeroHedge - May 3rd 2024 3:05pm EDT“World Cup Of Shed Hunting” Underway In Jackson Hole Shed hunting season has opened up for Wyoming residents this week, as well as non-residents who must purchase a conservation stamp before collecting shed antlers on designated lands. The Wall Street Journal describes the mania in the hills around the Bridger-Teton National Forest, near Jackson, Wyoming, as the “World Cup of shed […]
“Is This China Rally For Real?” – Goldman’s Flows Guru Says ‘Yes’
ZeroHedge - May 3rd 2024 1:45pm EDT“Is This China Rally For Real?” – Goldman’s Flows Guru Says ‘Yes’ On Jan 24th, we posted a recommendation on our Premium-Subscriber twitter feed, suggesting subscribers: “Get Long FXI here…” Like many of the reccs on this exclusive feed, it has done rather well… (Subscribe to Premium ZeroHedge here) The question is, after gaining 30%, […]
Behavioral Traits That Are Killing Your Portfolio Returns
ZeroHedge - May 3rd 2024 1:25pm EDTBehavioral Traits That Are Killing Your Portfolio Returns Authored by Lance Roberts via RealInvestmetntAdvice.com, Investor psychology is one of the most significant reasons individuals consistently fall short of their investment goals. While one of the most common truisms is that “investors buy high and sell low,” the underlying reason is the behavioral traits that plague our investment […]
Watch Live Tonight: The Great Gold Vs Crypto Debate
ZeroHedge - May 3rd 2024 1:05pm EDTWatch Live Tonight: The Great Gold Vs Crypto Debate Proponents of gold and bitcoin often hail from the same ideological background: Austrian economists, dollar bears, Libertarians tired of State manipulation of fiat currencies and, generally, the anti-Fed crowd. Yet shared principles have not eased the age-old rivalry between the two assets. Relative to Bitcoin, gold […]
The Cold Hard Truth About Renewable Energy Adoption
ZeroHedge - May 3rd 2024 12:55pm EDTThe Cold Hard Truth About Renewable Energy Adoption Authored by Haley Zaremba via oilprice.com, The future of the global energy sector is caught up in a messy and misleading ideological debate. Depending on which politically informed echo chamber one inevitably finds themself confined to on social media, they are either told that the energy transition […]
Republicans Move To Prevent Biden Resettling Palestinian Refugees In The US
ZeroHedge - May 3rd 2024 12:15pm EDTRepublicans Move To Prevent Biden Resettling Palestinian Refugees In The US Authored by Paul Joseph Watson via Modernity.news Republican lawmakers are moving to prevent the Biden administration resettling Palestinian refugees in the United States, asserting that it represents a “national security threat” since large numbers of them support Hamas. Earlier this week, it was revealed […]
Here Comes Obesity Drug Competition: Amgen Shares Soar On “Very Encouraging” Clinical Trial Update
ZeroHedge - May 3rd 2024 11:55am EDTHere Comes Obesity Drug Competition: Amgen Shares Soar On “Very Encouraging” Clinical Trial Update Amgen’s shares soared in premarket trading in New York following the drug maker’s announcement of “very encouraging” clinical trial results for its new injectable weight-loss drug, “MariTide.” Amgen’s MariTide is poised to compete with Eli Lilly & Co’s Zepbound and Novo Nordisk A/S’ Wegovy, both blockbuster […]
There’s ‘Widespread’ Belief Among US Officials Israel Can’t Eradicate Hamas
ZeroHedge - May 3rd 2024 11:35am EDTThere’s ‘Widespread’ Belief Among US Officials Israel Can’t Eradicate Hamas Authored by Dave DeCamp via AntiWar.com, There is a “widespread belief” among US officials that Israeli Prime Minister Benjamin Netanyahu’s goal of “eradicating” Hamas in Gaza is unattainable, The New York Times reported on Thursday. Throughout the past seven months, there have been multiple signs that the […]
1“Massive Fraud”: SEC Shuts Down ‘Prolific’ Auditor BF Borgers, Whose Clients Include Trump Media
ZeroHedge - May 3rd 2024 11:15am EDT“Massive Fraud”: SEC Shuts Down ‘Prolific’ Auditor BF Borgers, Whose Clients Include Trump Media The US Securities and Exchange Commission (SEC) shut down auditor BF Borgers, described by the Financial Times as “one of the most prolific auditors of US public companies,” over allegations of “massive fraud” that affected more than 1,500 SEC filings, the […]
“Very Solid”: Trump Scores $1.8 Billion Windfall After Significant Increase In Truth Social Stake
ZeroHedge - May 2nd 2024 10:40pm EDT“Very Solid”: Trump Scores $1.8 Billion Windfall After Significant Increase In Truth Social Stake Donald Trump has added roughly $1.8 billion more to his net worth after regulatory filings show that he increased his stake in Truth Social by a significant degree – bringing the former president’s ownership to nearly 65% in Trump Media & […]
Are The ‘Magnificent’ Stocks Now Unbeatable?
ZeroHedge - May 2nd 2024 10:15pm EDTAre The ‘Magnificent’ Stocks Now Unbeatable? Authored by Simon White, Bloomberg macro strategist, The largest firms in the US are unsurpassably pulling ahead of their smaller rivals by earning more, investing more, holding more cash and buying back more of their stock. The bull market is thus likely to remain historically lackluster and less robust […]
This Week’s Cocoa Price Crash Marks Largest Ever Drop
ZeroHedge - May 2nd 2024 9:50pm EDTThis Week’s Cocoa Price Crash Marks Largest Ever Drop What goes up, must come down. Cocoa prices turned lower on Thursday, extending a weekly decline that is slated to be the largest on record due to the evaporation of liquidity from large traders. Futures in New York plunged as much as 9.3% to the lowest level since mid-March and have tumbled 37.5% from […]
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