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  • US Considering Foreign Tankers To Move Domestic Fuel Supplies

    ZeroHedge - May 12th 2021 6:20pm EDT

    US Considering Foreign Tankers To Move Domestic Fuel Supplies By John Gallagher of Freight Waves The U.S. Department of Transportation (DOT) is assessing whether American tankers can meet emergency fuel demands caused by the Colonial Pipeline shutdown or if foreign ships will be needed to help fill the gap. “The Biden-Harris administration is continually assessing […]

  • “I’m Not At All Excited”: China’s Digital Yuan Is Turning Into A Giant Flop

    ZeroHedge - May 12th 2021 6:00pm EDT

    “I’m Not At All Excited”: China’s Digital Yuan Is Turning Into A Giant Flop It was supposed to be the biggest threat to the reserve status of the dollar (China’s denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the “whatever […]

  • Silvergate Soars After Announcing Partnership With Facebook-Backed Cryptocurrency

    ZeroHedge - May 12th 2021 5:38pm EDT

    Silvergate Soars After Announcing Partnership With Facebook-Backed Cryptocurrency Having been hammered in recent weeks for no bigger sin than sporting anti-Midas Cathie Wood (and her ARKK) as one of its bigger prominent investors, Silvergate Capital – a small ($2 billion market cap) “provider of infrastructure solutions and services for the growing digital currency industry”, i.e., […]

  • Goldman MD Quits After Making Fortune Off Dogecoin

    ZeroHedge - May 12th 2021 5:20pm EDT

    Goldman MD Quits After Making Fortune Off Dogecoin In a story that captures the impact that cryptocurrencies – created by Satoshi Nakamoto to “disrupt” the practice of central banking – have had on the world of finance, a managing director at Goldman Sachs has reportedly quit the bank after making a fortune off Dogecoin. The […]

  • 120 Retired Generals, Military Officers Sign Letter Warning Of Conflict Between Marxism And “Constitutional Freedom”

    ZeroHedge - May 12th 2021 4:43pm EDT

    120 Retired Generals, Military Officers Sign Letter Warning Of Conflict Between Marxism And “Constitutional Freedom” By Jack Phillips of the Epoch Times More than 120 retired generals, admirals, and military officers signed a letter that warned that the United States is embroiled in an existential fight and called on “all citizens” to get involved in local […]

  • ‘Did Joe Biden Put Hunter In Charge?’: Trump Rips ‘Long And Horrible Gas Lines’

    ZeroHedge - May 12th 2021 4:40pm EDT

    ‘Did Joe Biden Put Hunter In Charge?’: Trump Rips ‘Long And Horrible Gas Lines’ Donald Trump just can’t help himself. In a pair of Wednesday statements emailed to supporters – perhaps emboldened by the GOP’s ouster of never-Trumper Liz Cheney as conference chair – Trump took aim at Biden and the ongoing crises. “I see […]

  • Ethereum Founder Vitalik Buterin Donates $1 Billion In Dog-Themed Memecoin To India Covid Relief Fund

    ZeroHedge - May 12th 2021 4:30pm EDT

    Ethereum Founder Vitalik Buterin Donates $1 Billion In Dog-Themed Memecoin To India Covid Relief Fund Vitalik Buterin has turned a memecoin marketing stunt on its head, while donating over a billion dollars to a noble cause. In a move that captivated the attention of Crypto Twitter on Wednesday, Coindek’s Zack Swards writes that the Ethereum […]

  • Taibbi: Reporters Once Challenged The Spy State. Now, They’re Agents Of It

    ZeroHedge - May 12th 2021 4:20pm EDT

    Taibbi: Reporters Once Challenged The Spy State. Now, They’re Agents Of It Authored by Matt Taibbi via TK News, What a difference a decade makes. Former CIA director John Brennan was a media villain, now he’s media himself. Just over ten years ago, on July 25, 2010, Wikileaks released 75,000 secret U.S. military reports involving […]

  • Stagflation Scare Sparks Carnage In Crypto, Stocks, & Bonds

    ZeroHedge - May 12th 2021 4:00pm EDT

    Stagflation Scare Sparks Carnage In Crypto, Stocks, & Bonds Taken together a much weaker-than-expected payroll and much higher-than-expected CPI report suggests more than a whiff of stagflation… Source: Bloomberg Stagflation? Inconceivable? Stocks are down for a third straight session, which hasn’t happened since March. Small Caps were the biggest loser on the day followed by […]

  • Bad Bet: Who Can Gamblers Sue For Losing Money On A Doped Horse?

    ZeroHedge - May 12th 2021 3:35pm EDT

    Bad Bet: Who Can Gamblers Sue For Losing Money On A Doped Horse? Authored by Jonathan Turley, Today Bob Baffert, the trainer of the 2021 Kentucky Derby winner Medina Spirit, admitted that the now disqualified horse was treated with an anti-fungal ointment called Otomax, which includes betamethasone. That is the anti-inflammatory drug found in the horse’s blood […]

  • US Spends 90% More Than It Collects In First 7 Months Of Fiscal 2021

    ZeroHedge - May 12th 2021 3:20pm EDT

    US Spends 90% More Than It Collects In First 7 Months Of Fiscal 2021 With “base effect” all the rage this month, moments ago we also got the 1-year anniversary of the Covid crash in the US budget deficit dataset when the Treasury reported the April government revenue and spending. And while the data in […]

  • Childish Gambino Admits TV, Films Are Boring Because “People Are Afraid Of Getting Cancelled”

    ZeroHedge - May 12th 2021 3:05pm EDT

    Childish Gambino Admits TV, Films Are Boring Because “People Are Afraid Of Getting Cancelled” Authored by Paul Joseph Watson via Summit News, Actor and Grammy Award winning musician Donald Glover says that television shows and movies are becoming increasingly boring because “people are afraid of getting cancelled.” Glover, also known by his stage name Childish […]

  • Suspect In Times Square Shooting Arrested After Car Runs Out Of Gas In Florida

    ZeroHedge - May 12th 2021 2:51pm EDT

    Suspect In Times Square Shooting Arrested After Car Runs Out Of Gas In Florida Merging two of the biggest trending news stories in the US right now, the suspect in a brazen daytime shooting that took place in NYC’s Times Square has reportedly been captured by police after running out of gas in Florida due […]

  • ARK’s Wood Predicts “Very Serious” Commodities Correction, Claims EVs Will Keep Oil From Rising

    ZeroHedge - May 12th 2021 2:39pm EDT

    ARK’s Wood Predicts “Very Serious” Commodities Correction, Claims EVs Will Keep Oil From Rising During ARK’s monthly webinar yesterday, Cathie Wood reached back and delivered what are likely to be some of her “greatest hits” when looking back on 2021. While it certainly takes a “visionary” to buck trends, Wood made some predictions during her […]

  • Border Patrol Union: Impossible To Protect American Public With Open Border

    ZeroHedge - May 12th 2021 2:20pm EDT

    Border Patrol Union: Impossible To Protect American Public With Open Border Authored by Charlotte Cuthbertson via The Epoch Times, The most concerning aspect of the border crisis is the increasing number of illegal aliens who are getting away, says National Border Patrol Council President Brandon Judd. “We don’t know who they are, where they’re from, […]

  • Discovery Of Massive Bridge Crack Forces US Coast Guard To Close Portion Of Mississippi River

    ZeroHedge - May 12th 2021 2:07pm EDT

    Discovery Of Massive Bridge Crack Forces US Coast Guard To Close Portion Of Mississippi River Adding to the logistical chaos rippling through the country is a bridge closure across the Mississippi River between West Memphis, Arkansas, and Memphis, Tennessee due to a fracture in the frame, according to local news WREG.  After a routine inspection Tuesday, officials with […]

  • Nine Republican-Led States Reject All COVID-19 Unemployment Benefits

    ZeroHedge - May 12th 2021 1:55pm EDT

    Nine Republican-Led States Reject All COVID-19 Unemployment Benefits One week ago, when we reported that Montana was the first state to cancel unemployment benefits in response to the unprecedented worker shortage which was laid bare by the dismal Friday jobs report, we said that “one can only hope that more states follow [Montana Gov] Gianforte’s […]

  • White House Agrees To Removes China’s Xiaomi From Pentagon Trade Blacklist

    ZeroHedge - May 12th 2021 1:40pm EDT

    White House Agrees To Removes China’s Xiaomi From Pentagon Trade Blacklist In what is being described as a “rare victory” for a Chinese technology giant entangled in a spat with the US government, it appears the Biden Administration has decided to end the persecution of Chinese smartphone maker Xiaomi, which had been targeted by the […]

  • Wyoming Becomes 11th State To Ban Vaccine Passports

    ZeroHedge - May 12th 2021 1:23pm EDT

    Wyoming Becomes 11th State To Ban Vaccine Passports Authored by Steve Watson via Summit News, The Governor of Wyoming has banned vaccine passports, issuing a directive that states no person should be denied access to any places or services based on their vaccination status. Republican Mark Gordon’s directive outlines that “Vaccine passport programs have the potential […]

  • Stellar 10Y Auction Eases Market Fears

    ZeroHedge - May 12th 2021 1:11pm EDT

    Stellar 10Y Auction Eases Market Fears With the 10Y yield trading right on top of last week’s high… … many traders were expecting a relatively smooth sailing for today’s 10Y refunding auction in light of the sharp jump in yields which built in a generous concession ahead of today’s $41 billion auction. And they were […]

  • We Are Now Deep “Mid Cycle”: What Does That Mean For Markets

    ZeroHedge - May 12th 2021 12:55pm EDT

    We Are Now Deep “Mid Cycle”: What Does That Mean For Markets Just days after Morgan Stanley said that it “rather than getting excited about the reopening, we are getting more concerned” pointing to the infamously volatile mid-cycle transition, when the the peak rate of change reverses and execution risk jumps as visualized by the […]

  • Hamas Offers Immediate Ceasefire “On Mutual Basis” As Fighting Spirals Into Full-Scale War

    ZeroHedge - May 12th 2021 12:35pm EDT

    Hamas Offers Immediate Ceasefire “On Mutual Basis” As Fighting Spirals Into Full-Scale War Israel’s Channel 12 has tallied some 1,200 rockets launched from Gaza since Monday, while claiming the Iron Dome defense system has intercepted some 85-90% of all rockets headed toward populated areas. During the mid-evening hours (local time) a senior Hamas official has […]

  • Biggest Rise In Consumer Prices In More Than A Decade Is Understated By Half

    ZeroHedge - May 12th 2021 12:15pm EDT

    Biggest Rise In Consumer Prices In More Than A Decade Is Understated By Half Submitted by Joseph Carson, former chief economist of Alliance Bernstein Inflation has arrived, evident by the 4.2% gain in the consumer price index over the past twelve months. But the most significant increase since 2008 still is not fully capturing “experienced” […]

  • The Most Hyped Corners Of The Stock Market Come Unglued

    ZeroHedge - May 12th 2021 12:05pm EDT

    The Most Hyped Corners Of The Stock Market Come Unglued Authored by Wolf Richter via WolfStreet.com, Once upon a time last year, there was the EV startup hype-boom that found its way to the SPAC hype-boom, and the two combined and generated miraculously swift and spectacular results; and their collapse has been equally swift and […]

  • Dip-Buyers Disappear As Bonds, Stock Bloodbath Escalates

    ZeroHedge - May 12th 2021 12:03pm EDT

    Dip-Buyers Disappear As Bonds, Stock Bloodbath Escalates Nasdaq is now down 2.5%, rapidly approaching red for the year and it is dragging the rest of the equity market lower… And the selling pressure continues with NYSE downticks have dominated for 15 minutes… Growth relative to value is at a critical support level… VIX is exploding […]