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  • ‘No Longer Civil’: New York Goes After Trump Org, Launches Criminal Investigation

    ZeroHedge - May 19th 2021 4:20pm EDT

    ‘No Longer Civil’: New York Goes After Trump Org, Launches Criminal Investigation In a case of incredible timing, the state of New York announced on Tuesday that it’s opened a criminal investigation into the Trump organization, just as former President Trump re-enters the political fray ahead of the 2022 midterm elections. According to Reuters, NY […]

  • Crypto, Crude, & ‘Crappy’ Stocks Dump’n’Pump As Fed Sparks Dollar Spike

    ZeroHedge - May 19th 2021 4:00pm EDT

    Crypto, Crude, & ‘Crappy’ Stocks Dump’n’Pump As Fed Sparks Dollar Spike The headlines of the day were without doubt made in cryptoland as the entire space saw $1 trillion of wealth destroyed at its nadir today… Source But you can’t keep a good thing down… Source: Bloomberg …as the following two tweets explain… pic.twitter.com/eFQQMgv9uP — […]

  • PLA Shadows US Destroyer In Taiwan Strait – Says US Is “Sabotaging & Disrupting” Stability

    ZeroHedge - May 19th 2021 3:46pm EDT

    PLA Shadows US Destroyer In Taiwan Strait – Says US Is “Sabotaging & Disrupting” Stability On Wednesday China blasted the latest passage by a US Navy destroyer through the Taiwan Strait, calling it a serious “provocation” which endangers peace and stability in the region.  The US Navy’s 7th Fleet said that its guided missile destroyer USS Curtis […]

  • What Goes Up, Occasionally Comes Down

    ZeroHedge - May 19th 2021 3:30pm EDT

    What Goes Up, Occasionally Comes Down In today’s chart of the day from Deutsche Bank’s Jim Reid, the chief credit strategist shows the dramatic performance reversal some of the most beloved stocks of 2020 have suffered in 2021 by mapping the return of the largest NASDAQ constituents in these past two years with the graph […]

  • Biden, Reversing Trump, Permits Key Putin Goal: New Russian Natural Gas Pipeline To Germany

    ZeroHedge - May 19th 2021 3:15pm EDT

    Biden, Reversing Trump, Permits Key Putin Goal: New Russian Natural Gas Pipeline To Germany Authored by Glenn Greenwald via greenwald.substack.com, That the Kremlin had taken over American political institutions through its blackmail control of former President Donald Trump was a media conspiracy theory as pervasive as it was deranged. This once-exciting script was excavated from […]

  • Fed Alert: Overnight Reverse Repo Usage Soars Above Covid Crisis Highs

    ZeroHedge - May 19th 2021 2:59pm EDT

    Fed Alert: Overnight Reverse Repo Usage Soars Above Covid Crisis Highs In today’s FOMC Minutes there was a brief section that received little focus amid the broader analysis of the Fed’s tapering, inflation language, yet which could be far more important in coming weeks in light of the violent move higher in overnight reverse repo […]

  • Beijing Lays Out Strategy For Curbing ‘Unreasonably High’ Commodity Prices

    ZeroHedge - May 19th 2021 2:44pm EDT

    Beijing Lays Out Strategy For Curbing ‘Unreasonably High’ Commodity Prices With US stock futures set to open in the red as commodities continue to slide following their worst weekly performance in months, another top Chinese official – this time, featuring Premier Li Keqiang, one of the most powerful politicians in the country – is speaking […]

  • Strange Bedfellows: Bernie Sanders and Republicans Agree On SALT Deductions

    ZeroHedge - May 19th 2021 2:24pm EDT

    Strange Bedfellows: Bernie Sanders and Republicans Agree On SALT Deductions Authored by Mike Shedlock via MishTalk.com, Bernie Sanders is in bed with Republicans on State and Local Tax deductions. Let’s investigate why. 2017 Tax Cuts and Jobs Act (TCJA) Trump’s 2017 tax reform bill (TCJA) put a $10,000 ceiling on ability to deduct SALT (State and […]

  • Stocks & Bonds Drop, Dollar Pops As Fed Hints At Taper

    ZeroHedge - May 19th 2021 2:19pm EDT

    Stocks & Bonds Drop, Dollar Pops As Fed Hints At Taper The Fed appears to have started thinking about thinking about the taper… “A number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a […]

  • “Stale” FOMC Minutes Spook Market As “Number Of Participants” Want Taper Discussion To Begin Soon

    ZeroHedge - May 19th 2021 2:10pm EDT

    “Stale” FOMC Minutes Spook Market As “Number Of Participants” Want Taper Discussion To Begin Soon Since the April 28th FOMC Statement, gold has been the best performing asset, surging 6%, as bonds, the dollar, and stocks are all lower… Source: Bloomberg And of course, crypto has been clubbed like a baby seal, but we note […]

  • Top EU Negotiator “Quite Sure” Iran Nuclear Deal Will Be Reached Next Week

    ZeroHedge - May 19th 2021 1:55pm EDT

    Top EU Negotiator “Quite Sure” Iran Nuclear Deal Will Be Reached Next Week At the end of the latest round of talks (the fourth) in Vienna on Wednesday a top European Union envoy has said that the reviving of the Iran nuclear deal is now “shaping up”. Enrique Mora, the EU’s top negotiator for the Vienna nuclear talks, […]

  • FOMC Minutes Preview: Insight Into “Substantial Further Progress”

    ZeroHedge - May 19th 2021 1:48pm EDT

    FOMC Minutes Preview: Insight Into “Substantial Further Progress” Submitted by Newsquawk The Fed affirmed its dovishness and guidance with rates at the ZLB, whilst maintaining its QE at USD 120BN per month  of Treasury and MBS purchases. The statement gave no mention of tapering, while Powell stated in the Q&A that now is not the […]

  • Logistics Hell: Tesla Is “Stuck” With Up To 20,000 Cars On Mysterious “Factory Hold” In Fremont

    ZeroHedge - May 19th 2021 1:45pm EDT

    Logistics Hell: Tesla Is “Stuck” With Up To 20,000 Cars On Mysterious “Factory Hold” In Fremont When it rains, it pours. And in addition to having to deal with the entire country of China’s disapproval, on top of Ford’s new electric pickup being featured by and driven in by the President of the United States, and having […]

  • Money-Supply Growth Finally Slows In March, Drops To 10-Month Low

    ZeroHedge - May 19th 2021 1:32pm EDT

    Money-Supply Growth Finally Slows In March, Drops To 10-Month Low Authored by Ryan McMaken via The Mises Institute, After three months in a row of hitting new all-time highs, money supply growth slowed in March, dropping to a 10-month low.  This slowdown, however,  does not suggest any significant departure from the past year’s high growth in […]

  • Sloppy, Tailing 20Y Auction Validates Duration Fears

    ZeroHedge - May 19th 2021 1:21pm EDT

    Sloppy, Tailing 20Y Auction Validates Duration Fears After last week’s mini-taper of 20Y POMOs by the Fed, the market was closely watching today’s auction of $27BN in 20Y bonds for signs of weakness, especially after this morning’s dismal 2Y bund auction in Germany which saw the weakest demand since July 2019, and they were not […]

  • Chicago Mayor Lori Lightfoot Granting Interviews “Only To Black Or Brown Journalists”

    ZeroHedge - May 19th 2021 1:11pm EDT

    Chicago Mayor Lori Lightfoot Granting Interviews “Only To Black Or Brown Journalists” Ah, yes, another important “woke” step toward wiping out racism in the country: judging people by the color of their skin. In which the Mayor of Chicago, Lori Lightfoot, most recently known for watching droves of her citizens flee the city during the […]

  • “Please Clap” Moment: Biden Calls Coast Guard Cadets ‘Dull Class’ Over Lack Of Applause

    ZeroHedge - May 19th 2021 12:49pm EDT

    “Please Clap” Moment: Biden Calls Coast Guard Cadets ‘Dull Class’ Over Lack Of Applause President Biden – not satisfied indoctrinating the US military with Critical Race Theory and scouring their social media accounts for ‘extremist content’ – is now directly insulting members Americans in uniform with a “please clap” moment. During a Wednesday commencement address […]

  • McConnell Joins McCarthy In Opposing ‘Slanted’ Jan. 6 Commission Bill

    ZeroHedge - May 19th 2021 12:15pm EDT

    McConnell Joins McCarthy In Opposing ‘Slanted’ Jan. 6 Commission Bill One day after House Minority Leader Kevin McCarthy (R-CA) announced his opposition to a Jan. 6 commission to investigate the Capitol Riot, Senate Minority Leader Mitch McConnell (R-KY) told Republicans on Wednesday that he also stands opposed to the investigation – calling it ‘slanted.’ “It’s […]

  • Fauci Admits Rand Paul Was Right: Mask-Wearing After Vax Was Theater

    ZeroHedge - May 19th 2021 11:54am EDT

    Fauci Admits Rand Paul Was Right: Mask-Wearing After Vax Was Theater Authored by Thomas Lifson via AmericanThinker.com, Dr. Anthony Fauci ought to be the punchline of many jokes by now, and if he had been a Trump loyalist, he would be. Only because the corporate media refuse to mock him can he appear in public without catcalls […]

  • As Tesla Tumbles, Cathie Wood Buys Even More

    ZeroHedge - May 19th 2021 11:35am EDT

    As Tesla Tumbles, Cathie Wood Buys Even More With the market lurching back and forth ominously, it’s latest slide the result of a crash in crypto names, investors are focused on how Cathie Wood’s ARK Invest – widely seen as one of the market’s weakest links – is enduring the volatility in markets. And so […]

  • The Fed Is Promoting A Public Perception Of Inflation That Is False

    ZeroHedge - May 19th 2021 11:33am EDT

    The Fed Is Promoting A Public Perception Of Inflation That Is False By Joseph Carson, former chief economist at Alliance Bernstein Federal Reserve officials have made a bold claim arguing that the current run-up in consumer price inflation is “transitory,” pushed higher due to base effects and a temporary burst in pent-up demand as the […]

  • Foreseeing The “Flation” Knuckleball & Investor Implications

    ZeroHedge - May 19th 2021 11:15am EDT

    Foreseeing The “Flation” Knuckleball & Investor Implications Authored by Michael Lebowitz via RealInvestmentAdvice.com, In baseball, a knuckleball is a distinctive pitch that only a very few significant leaguers can perfect. The goal of a knuckleball is to eliminate the baseball’s spin to create erratic ball movement. Despite a much slower speed than traditional pitches, knuckleballs […]

  • Biden Urges “Significant De-Escalation” By “Today” In Gaza Call With Netanyahu

    ZeroHedge - May 19th 2021 11:00am EDT

    Biden Urges “Significant De-Escalation” By “Today” In Gaza Call With Netanyahu In their second call in just a few days as the Gaza death toll soars amid unrelenting Israeli airstrikes, President Joe Biden told Israeli Prime Minister Benjamin Netanyahu on Wednesday that he expects a “significant de-escalation” in violence which can open a window for a […]

  • Tesla “Strikes” Service Patrol Truck Early Wednesday, Causing I-95 Gridlock In South Florida

    ZeroHedge - May 19th 2021 10:45am EDT

    Tesla “Strikes” Service Patrol Truck Early Wednesday, Causing I-95 Gridlock In South Florida An early morning wreck on Wednesday involving a Tesla and a service patrol vehicle caused a massive backup on I-95 near Miami-Dade county. The scene was “along the northbound lanes of I-95 at Northwest 103rd Street, where the crash caused express lanes […]

  • WTI Tumbles Below $63 After Crude Draw Extends JCPOA Uncertainty Losses

    ZeroHedge - May 19th 2021 10:35am EDT

    WTI Tumbles Below $63 After Crude Draw Extends JCPOA Uncertainty Losses Much like the rest of the world’s assets (except gold), oil prices are plunging this morning as broader markets tumbled on inflation concerns (and liquidity-based stress from crypto/tech carnage) and talks over the Iran nuclear deal add to concerns over increased supplies as traders eye the […]