News From ZeroHedge, Page 2370
Watch: Israel Strikes ‘Hamas Submarine’ On Gaza Coast As Offshore Gas Rigs Under Threat
ZeroHedge - May 17th 2021 5:30pm EDTWatch: Israel Strikes ‘Hamas Submarine’ On Gaza Coast As Offshore Gas Rigs Under Threat Amid recent reports that Hamas has attempted to launch seaborne attacks on offshore Israeli assets, including recent attempts at rocket launches on Mediterranean gas installations, Israel’s military on Monday said its warplanes had struck a direct hit on a “Hamas submersible weapon”. […]
Space Force Officer’s Book On Marxism In The Military Reaches No. 1 On Amazon After Being Fired
ZeroHedge - May 17th 2021 4:50pm EDTSpace Force Officer’s Book On Marxism In The Military Reaches No. 1 On Amazon After Being Fired Authored by Jack Phillips via The Epoch Times, A U.S. Space Force officer’s self-published book positing that Marxist ideology and Critical Race Theory is being spread throughout the military reached the top of Amazon’s bestseller list on Sunday […]
Plunging Coinbase Steamrolls Shareholders Even More With $1.25BN Convertible Offering
ZeroHedge - May 17th 2021 4:31pm EDTPlunging Coinbase Steamrolls Shareholders Even More With $1.25BN Convertible Offering As if the pain for Coinbase longs, some of whom were stupid enough to buy the stock above $400 on the day the company went public, wasn’t enough with COIN stock today closing below its $250 IPO reference price for the first time, and down […]
Foreigners Bought The Most Long-Term US Assets In March Ever
ZeroHedge - May 17th 2021 4:16pm EDTForeigners Bought The Most Long-Term US Assets In March Ever After four straight months of buying, China sold $3.8 billion in Treasuries in March (the latest period for which TIC data was just released), reducing its holdings to $1.1 trillion. Source: Bloomberg China was not alone: Japan holds $1.24t, a decrease of $17.7b from last […]
Gold Glows As Cryptos Collapse After Musknado; Dollar, Bonds, & Stocks Sink
ZeroHedge - May 17th 2021 4:00pm EDTGold Glows As Cryptos Collapse After Musknado; Dollar, Bonds, & Stocks Sink Black Gold and the barabarous relic were both bid today as crypto, stocks, bonds, and the dollar all slipped lower (and Lumber entered a bear market). Big-Tech’s dead-cat-bounce from last week is over as it underperformed again today as Small Caps recovered from […]
Cuomo To Bag $5.1 Million For Pandemic Leadership Book
ZeroHedge - May 17th 2021 3:50pm EDTCuomo To Bag $5.1 Million For Pandemic Leadership Book New York Mayor Andrew Cuomo (D) will receive $5.1 million for his memoir detailing his ‘leadership’ during the COVID-19 pandemic, according to the New York Times. In addition to earning $3.12 million last year, state officials announced on Monday that his contract for the book also […]
Megadrought Nightmare: No Water For Crops, Horrific Wildfires, Colossal Dust Storms And Draconian Water Restrictions
ZeroHedge - May 17th 2021 3:35pm EDTMegadrought Nightmare: No Water For Crops, Horrific Wildfires, Colossal Dust Storms And Draconian Water Restrictions Authored by Michael Snyder via The Economic Collapse blog, The megadrought that has almost the entire western half of the country in a death grip is starting to become extremely painful. In some areas, irrigation water is being totally cut […]
Lumbear Market
ZeroHedge - May 17th 2021 3:22pm EDTLumbear Market While some commodities have successfully halted last week’s post China-crackdown rout, such as copper and Iron Ore… … others have been less lucky, most notably lumber which until last week had become the posted child of the current inflationary euphoria when something snapped, and after six consecutive days of declines, Lumber is now […]
Watch: Fauci Declares Pandemic Has Highlighted How Racist America Is
ZeroHedge - May 17th 2021 3:05pm EDTWatch: Fauci Declares Pandemic Has Highlighted How Racist America Is Authored by Steve Watson via Summit News, The White House Senior Medical Advisor Anthony Fauci stated Sunday that the coronavirus pandemic has revealed that the US is a fundamentally racist country. Speaking to graduates of Emory University, Fauci declared that the virus has revealed the […]
A Tesla Reportedly “Runs Over 2 Traffic Cops In Zhejiang”: Weibo Post
ZeroHedge - May 17th 2021 2:46pm EDTA Tesla Reportedly “Runs Over 2 Traffic Cops In Zhejiang”: Weibo Post We’ll go out on a limb and suggest that, if confirmed, this may not help the ongoing tension between the Chinese government and Tesla. According to a prominent China watcher, a post on Chinese social media site Weibo claims that a Tesla had […]
Iran Preps Return To Oil Market As Vienna Talks “Within Reach” Of Agreement
ZeroHedge - May 17th 2021 2:45pm EDTIran Preps Return To Oil Market As Vienna Talks “Within Reach” Of Agreement US and Iranian diplomats which are still engaged in ongoing ‘indirect’ negotiations via intermediaries in Vienna (now over a month in) have signaled that a major nuclear agreement is now “within reach” – and now as Bloomberg reports, “Iran is preparing to ramp up […]
The Real Estate Boom In Vegas Is More Frenzied Than Ever
ZeroHedge - May 17th 2021 2:37pm EDTThe Real Estate Boom In Vegas Is More Frenzied Than Ever Authored by Doug French via The Mises Institute, Summerlin, the suburb of west Las Vegas creeping ever closer to the mountains, looks to be crowded with fully paved streets, streetlights, block walls, and blue top lots. With lumber, labor, and other materials in short […]
Big-Tech Battering Continues After Rare “Sell” Rating
ZeroHedge - May 17th 2021 2:00pm EDTBig-Tech Battering Continues After Rare “Sell” Rating After its (now dead-cat-bounce) resurgence late last week, every asset-gatherer and and commission-raker was hawking the idea that big-tech is back baby and BTFD is the only way to play. However, this morning’s price action tells a different story as Nasdaq leads the market lower once again and […]
Did Elon Musk Just Make Himself A Forced-Seller Of Bitcoin?
ZeroHedge - May 17th 2021 1:51pm EDTDid Elon Musk Just Make Himself A Forced-Seller Of Bitcoin? Authored by Mark Jeftovic via BombThrower.com, Update: Apparently Elon tweeted this morning that Tesla has not sold the balance of their BTC. As anybody following along so far knows, Elon says a lot of things…. If true his actions to lend credence to the idea that he’s now grappling with […]
Biden Caves To Critics, Sends 20M FDA-Authorized Vaccines Abroad
ZeroHedge - May 17th 2021 1:26pm EDTBiden Caves To Critics, Sends 20M FDA-Authorized Vaccines Abroad In a sign that the EU might be having second thoughts following objections from German Chancellor Angela Merkel, Brussels sent Washington a letter last week urging Biden to accelerate exports of COVID-19 vaccines to help countries like India, and many other developing economies, which are desperately […]
Michael Burry Reveals Massive Tesla Short, Huge Inflationary Bet
ZeroHedge - May 17th 2021 1:20pm EDTMichael Burry Reveals Massive Tesla Short, Huge Inflationary Bet Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought […]
The Most Profitable ‘Company’ In The World
ZeroHedge - May 17th 2021 1:05pm EDTThe Most Profitable ‘Company’ In The World Authored by Lance Roberts via RealInvestmentAdvice.com, You can thank the most profitable company in the world for the recovery in corporate profits. More importantly, with asset prices near record highs, just how much are investors willing to pay? Unsurprisingly, the answer is quite a lot, as per a recent CNN […]
Bitcoin Energy Use Is Far Lower Than Banking System & Gold Industry, Report
ZeroHedge - May 17th 2021 12:44pm EDTBitcoin Energy Use Is Far Lower Than Banking System & Gold Industry, Report Amid all the contention of the last few days, sparked by Elon Musk’s virtue-signaling, the noise-to-signal ratio around the crypto market’s energy use has gone to ’11’ on the Spinal Tap amplifier of social justice. However, those darn ‘facts’ and ‘science’ keep […]
Fed Vice Chair: Not Enough Progress To Start Taper Talk
ZeroHedge - May 17th 2021 12:15pm EDTFed Vice Chair: Not Enough Progress To Start Taper Talk Not that it will come as a surprise to anyone, but on Monday morning Fed Vice Chair Richard Clarida said during a Q&A after his speech at the Annual Financial Markets Conference, sponsored by the Atlanta Fed’s Center for Financial Innovation and Stability, that the […]
The Deep, Dark Bretton Woods
ZeroHedge - May 17th 2021 11:47am EDTThe Deep, Dark Bretton Woods By Michael Every of Rabobank The Deep, Dark Bretton Woods To summarize, the US economy’s state of play at the moment is: a record number of jobs opening up; yet far fewer people being employed than expected; consumer, producer, and import prices all going up much more than expected; yet […]
China’s Credit Impulse Just Turned Negative, Unleashing Global Deflationary Shockwave
ZeroHedge - May 17th 2021 11:19am EDTChina’s Credit Impulse Just Turned Negative, Unleashing Global Deflationary Shockwave While debate rages among Wall Street strategists and pundits whether the current burst of US inflation will prove to be merely transitory as the Fed and Biden admin want consumers to believe (despite UMich showing that 5-10 year consumer expectations for inflation had climbed a […]
Gold Surges To 3-Month Highs As Bitcoin Loses $45k
ZeroHedge - May 17th 2021 11:07am EDTGold Surges To 3-Month Highs As Bitcoin Loses $45k As bitcoin has been battered lower in recent weeks, the original ‘alternative’ currency has soared to its highest since January. Bitcoin dropped below $45,000 for the first time since February amid Elon Musk’s comments, back at the levels before Musk’s initial bitcoin comments… Source: Bloomberg And […]
Judy Shelton: The Rise Of Cryptos Reflects “Radical Defiance Of Central Bank Policies”
ZeroHedge - May 17th 2021 11:01am EDTJudy Shelton: The Rise Of Cryptos Reflects “Radical Defiance Of Central Bank Policies” Authored by Judy Shelton via The American Institute for Economic Research, The war of words unleashed on Wall Street and in Washington by Wednesday’s announcement of an unexpectedly high rate of consumer price inflation is escalating by the day. Legendary hedge fund […]
Watch: Pro-Israel & Pro-Palestine Groups Violently Clash In Western Countries
ZeroHedge - May 17th 2021 10:39am EDTWatch: Pro-Israel & Pro-Palestine Groups Violently Clash In Western Countries Over the weekend thousands across the United States attended pro-Palestinian marches and demonstrations on the streets of New York, Boston, Washington D.C., Chicago, Philadelphia and Los Angeles – calling for an immediate end to the Israeli airstrikes which have killed about 200 people, many of […]
The Mad Mob Has Gone From’ Inflation Deniers’ To ‘Believers In A 5 Year Threat’
ZeroHedge - May 17th 2021 10:25am EDTThe Mad Mob Has Gone From’ Inflation Deniers’ To ‘Believers In A 5 Year Threat’ Much has been said about inflation in recent weeks. Here, courtesy of The Bear Traps report, is some more. Inflation expectations over the next three years have climbed to the highest since 2006, as per breakeven rates. They are also […]