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  • One Bank’s Case For Bitcoin $500,000: The Fed’s Balance Sheet Will Hit $40 Trillion In 2050

    ZeroHedge - May 20th 2021 7:20pm EDT

    One Bank’s Case For Bitcoin $500,000: The Fed’s Balance Sheet Will Hit $40 Trillion In 2050 Yesterday, when bitcoin was crashing, ARK Invest’s Cathie Wood sparked some laughter (especially among the crypto bears) when in her interview with Bloomberg TV she presented her bitcoin price target: $500,000. While this was in keeping with Wood’s traditionally […]

  • Peddlers Of Russiagate Won’t Take Truth For An Answer

    ZeroHedge - May 20th 2021 7:00pm EDT

    Peddlers Of Russiagate Won’t Take Truth For An Answer Authored by J. Peder Zane via RealClearPolitics.com, The Biden administration is vigorously pursuing key figures from the phony Trump/Russia collusion scandal that roiled the nation for four years. But instead of trying to punish the liars who perpetrated that fraud, it is targeting the truth-tellers who […]

  • 22 States Now Dropping $300 Weekly Unemployment Boost Amid Mounting Job Shortage

    ZeroHedge - May 20th 2021 6:40pm EDT

    22 States Now Dropping $300 Weekly Unemployment Boost Amid Mounting Job Shortage Republican governors in nearly half of US states have all announced plans to scrap beefed-up federal unemployment benefits they say have disincentivized workers to reenter the workforce. The shift away from the $300-per-week handout started earlier this month with Montana and South Carolina […]

  • Robinhood Introduces New Product To Give Retail Traders Direct Access To IPOs

    ZeroHedge - May 20th 2021 6:20pm EDT

    Robinhood Introduces New Product To Give Retail Traders Direct Access To IPOs A couple of months ago, we heard the first reports about Robinhood, SoFi and potentially other rival brokerages developing platforms to allow retail traders something that has, until now, been off-limits to mom and pop investors: access to IPO allocations of newly public […]

  • Cuomo’s “Vax & Scratch”: New York Will Now Reward Vaccinations With Scratch-Off Lotto Tickets

    ZeroHedge - May 20th 2021 6:00pm EDT

    Cuomo’s “Vax & Scratch”: New York Will Now Reward Vaccinations With Scratch-Off Lotto Tickets In the latest awkward and cringeworthy “incentive” aimed at battling “vaccine hesitancy” the state of New York is now offering all residents who receive the COVID-19 vaccine for the first time next week a “free state lottery ticket” in a new […]

  • WeWork’s Losses Quadrupled To $2.1 Billion In Q1 In Latest Threat To Planned SPAC Offering

    ZeroHedge - May 20th 2021 5:40pm EDT

    WeWork’s Losses Quadrupled To $2.1 Billion In Q1 In Latest Threat To Planned SPAC Offering WeWork CEO Sandeep Mathrani made headlines a few weeks ago when he declared during an interview that workers who prefer the WFH life to the office are typically “lazier” than their pro-commuting peers. His comment elicited backlash on social media, […]

  • Scott Atlas: Lockdowns Not Only A “Heinous Abuse” Of Power, They Also Failed To Protect The Elderly

    ZeroHedge - May 20th 2021 5:20pm EDT

    Scott Atlas: Lockdowns Not Only A “Heinous Abuse” Of Power, They Also Failed To Protect The Elderly Authored by Isabel van Brugen and Jan Jekielek via The Epoch Times, The lockdowns implemented to curb the transmission of COVID-19 in the United States and across the globe have not only been a “heinous abuse of power,” […]

  • Furious China Says It “Expelled” US Destroyer That “Illegally” Entered Territorial Waters 

    ZeroHedge - May 20th 2021 5:00pm EDT

    Furious China Says It “Expelled” US Destroyer That “Illegally” Entered Territorial Waters  China is furious and has lashed out Thursday over allegations that a US warship entered Chinese territorial waters in the South China Sea. It comes two days after a PLA Navy ship followed the USS Curtis Wilbur as it conducted a “routine transit” through […]

  • Oil Prices Extend Slide As Iran Claims Sanctions Will Be Lifted

    ZeroHedge - May 20th 2021 4:40pm EDT

    Oil Prices Extend Slide As Iran Claims Sanctions Will Be Lifted Authored by Tsvetana Paraskova via OilPrice.com,  Oil prices dropped again early on Thursday after Iran’s president said that the world powers had accepted during the latest round of talks that sanctions against Iran would be lifted. As of 10:39 a.m. EDT on Thursday, WTI Crude was […]

  • ‘The Squad’ Almost Derails Democrats’ Capitol Security Bill, Sending Pelosi And Top Dems Scrambling

    ZeroHedge - May 20th 2021 4:20pm EDT

    ‘The Squad’ Almost Derails Democrats’ Capitol Security Bill, Sending Pelosi And Top Dems Scrambling House Democrats’ $1.9 billion virtue-signaling bill to beef up Capitol Security was almost derailed by progressive members of their own party on Thursday, after several members of “the squad” voted “no” – while three voted “present” – leading to a razor-thin […]

  • Bitcoin, Big-Tech, Bullion, & Bonds Bounce As Breakevens, Black Gold, & The Buck Breakdown

    ZeroHedge - May 20th 2021 4:01pm EDT

    Bitcoin, Big-Tech, Bullion, & Bonds Bounce As Breakevens, Black Gold, & The Buck Breakdown After yesterday’s bloodbathery, today was the big bounce back. Big-tech had bounced off the intraday lows yesterday to end unchanged and were violently panic-bid from the cash open today (only briefly stalled in their gamma-squeeze surge into tomorrow’s opex by a […]

  • Cathie Wood’s Explanation For The Bitcoin Crash Is Demonstrably False

    ZeroHedge - May 20th 2021 3:50pm EDT

    Cathie Wood’s Explanation For The Bitcoin Crash Is Demonstrably False Authored by Oliver Renick via TD Ameritrade Network My intent is not to target Cathie Wood or the ARK team personally. I very much enjoy their work, think their analysts are incredibly unique thinkers, and have enjoyed learning from them over the years. But Cathie’s […]

  • Israel Announces Truce In Gaza – Will Take Effect Overnight

    ZeroHedge - May 20th 2021 3:36pm EDT

    Israel Announces Truce In Gaza – Will Take Effect Overnight It appears the persistent rumors over the past two days that an Israel-Hamas ceasefire over Gaza is imminent will now become a reality as Israel’s YNet news is reporting that Israel’s security cabinet has formally approved a truce in Gaza. BREAKING: #Israel Announces Ceasefire in […]

  • Biotech Firm Launches SPAC To Buy Back SPAC At Massive Premium

    ZeroHedge - May 20th 2021 3:30pm EDT

    Biotech Firm Launches SPAC To Buy Back SPAC At Massive Premium There’s no question that the SPAC frenzy has slowed substantially from its frenzied peak late last year, but even as the pace of dealmaking has slowed (giving weary junior investment-banking analysts a rest), there’s little question that the SPAC trend has changed the nature […]

  • UBS, Nomura Fined $450 Million For Bond Cartel Chatroom Collusion

    ZeroHedge - May 20th 2021 3:16pm EDT

    UBS, Nomura Fined $450 Million For Bond Cartel Chatroom Collusion As if having clueless prime brokers who just cost them hundreds of millions in losses wasn’t enough, on Thursday morning Nomura and UBS, both of which were hammered by the Archegos implosion, were hit with another heft fine totaling 371 million euros ($452 million) by […]

  • Fed To Publish Report On US Digital Currency This Summer

    ZeroHedge - May 20th 2021 2:47pm EDT

    Fed To Publish Report On US Digital Currency This Summer In the immediate aftermath of the crypto crash, which made bitcoin and its peers the main talking point amid trading desks as well as the general public, with google searches for cryptocurrency hitting an all time high on Wednesday… .. at 2pm today Fed Chair […]

  • Dominion Responds After Pennsylvania Election Officials Report “Coding Error” With Voting Machines

    ZeroHedge - May 20th 2021 2:30pm EDT

    Dominion Responds After Pennsylvania Election Officials Report “Coding Error” With Voting Machines Authored by Jack Phillips via The Epoch Times (emphasis ours), Election officials in Luzerne County, Pennsylvania, reported issues with voting equipment at polling places on Tuesday, prompting a response from Dominion Voting Systems saying that there was a ballot screen error regarding the […]

  • Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever

    ZeroHedge - May 20th 2021 2:10pm EDT

    Repo Crisis Looms: Fed’s Reverse Repo Usage Soars To $351BN, Fifth Highest Ever As expected, today’s overnight reverse repo facility usage soared above $300 billion, surging $57BN from $293BN on Wednesday to a whopping $351BN as 48 counterparties parked their reserves with the Fed in exchange for a 0.000% rate. The surge in usage pushed […]

  • Morgan Stanley Taps 4 White Men As Candidates To Succeed James Gorman As CEO

    ZeroHedge - May 20th 2021 1:52pm EDT

    Morgan Stanley Taps 4 White Men As Candidates To Succeed James Gorman As CEO In a move apparently engineered to preempt shareholder concerns in the wake of JPM’s succession-planning-oriented shakeup (CEO Jamie Dimon has said he won’t retire for at least another five years, though he had a heart attack during the COVID crisis last […]

  • The US Is Not Ready For An All-Electric Future

    ZeroHedge - May 20th 2021 1:30pm EDT

    The US Is Not Ready For An All-Electric Future Authored by Tsvetana Paraskova via OilPrice.com, The setting of a net-zero target by the Biden Administration was the first step toward decarbonization of the energy system and industry. But having a target is the easiest part of America’s energy transition. Now comes the much more difficult […]

  • Post Op-Ex Market Melt-Up: “Everyone Has Crash Down Risk Protection, Nobody Has Crash Up”

    ZeroHedge - May 20th 2021 1:09pm EDT

    Post Op-Ex Market Melt-Up: “Everyone Has Crash Down Risk Protection, Nobody Has Crash Up” As discussed earlier, a quick look at the “gamma tilt” in markets, suggests that there is more downside risk than upside ahead of tomorrow’s sizable op-ex, which sees roughly 30% of dealer Gamma drop-off in SPX / SPY consolidated options, but […]

  • The DOGE Joke Isn’t Funny Anymore

    ZeroHedge - May 20th 2021 12:50pm EDT

    The DOGE Joke Isn’t Funny Anymore Authored by Mark Jeftovic via easyDNS.com, easyDNS Dropping DOGE Payments We’ve been proponents of the crypto-economy for a long time, from being the first ICANN registrar to accept Bitcoin as a payment, the first DNS provider to enable Ethereum Name Service (ENS) linking to .xyz domains, and we were keeping Bitcoin on our […]

  • Bitcoin Tumbles After Treasury Calls For Reporting Large Crypto Transfers To IRS

    ZeroHedge - May 20th 2021 12:12pm EDT

    Bitcoin Tumbles After Treasury Calls For Reporting Large Crypto Transfers To IRS Just a month after Treasury Secretary Janet Yellen’s complete fearmongering lie about Crypto being used largely for illicit finance (which has been overwhelmingly proven false, especially relative to dollars)… Percentage of Illicit Activity Using Bitcoin (2012-2020) The Treasury has just announced a new […]

  • “Slow Night In Reykjavik”: Blinken Gets Chummy With Lavrov In ‘Good Vibes’ Meeting, MSM Yawns

    ZeroHedge - May 20th 2021 11:55am EDT

    “Slow Night In Reykjavik”: Blinken Gets Chummy With Lavrov In ‘Good Vibes’ Meeting, MSM Yawns Things were polite and even at times chummy during the first high-level talks between the United States and Russia on the sidelines of the Arctic Council meeting in Iceland where Russian Foreign Minister Sergey Lavrov and US Secretary of State Antony […]

  • Why Stratospheric Container Rates Could Rocket Even Higher

    ZeroHedge - May 20th 2021 11:35am EDT

    Why Stratospheric Container Rates Could Rocket Even Higher By Greg Miller of Freight Waves, Spot ocean container rates are up triple digits year on year, ergo they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact […]