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  • SPAC Bubble Pops: Flood Of New SPAC IPOs Hits A Brick Wall

    ZeroHedge - Apr 7th 2021 9:40pm EDT

    SPAC Bubble Pops: Flood Of New SPAC IPOs Hits A Brick Wall “3 SPAC IPOs this week after 2 last week after 276 in Q1 (vs 228 all of last yr vs 170 from 2013 – 2019 combined)”   – Goldman Sachs trader John Flood, April 7, 2021 As Bloomberg’s Drew Singer writes, the days of […]

  • “Clear Focus On Foreign Income”: Full Breakdown Of The Treasury’s Corporate Tax Proposal

    ZeroHedge - Apr 7th 2021 9:20pm EDT

    “Clear Focus On Foreign Income”: Full Breakdown Of The Treasury’s Corporate Tax Proposal As reported earlier, today the Treasury has released a new, more detailed description of its corporate tax proposals which will be the pay-for to fund Biden’s $2.25 trillion “Jobs”, aka infrastructure, plan. The proposals are in line with the outline from the […]

  • Navalny “Seriously Ill” In Prison As Supporters Mount Protest At Penal Colony

    ZeroHedge - Apr 7th 2021 9:00pm EDT

    Navalny “Seriously Ill” In Prison As Supporters Mount Protest At Penal Colony Anti-Kremlin activists Alexei Navalny is said to be “seriously ill” and in “quite bad condition” according to this lawyer, and has been moved to a prison sick ward at the facility where he’s serving out a two-and-a-half year sentence east of Moscow.  He’s being treated […]

  • Ketchup Can’t Catch Up As Nationwide Shortage Fries Restaurants, Fast-Food Chains

    ZeroHedge - Apr 7th 2021 8:40pm EDT

    Ketchup Can’t Catch Up As Nationwide Shortage Fries Restaurants, Fast-Food Chains Ketchup packets are the next COVID-19-related nationwide shortage.  America’s most popular condiment, ketchup packets, are in short supply at restaurants across the country, according to The Wall Street Journal. The shortage materialized over the last year as public health orders forced restaurants to close or limit […]

  • US Agrees To Withdraw “Remaining Combat Troops” From Iraq In Joint Talks

    ZeroHedge - Apr 7th 2021 8:20pm EDT

    US Agrees To Withdraw “Remaining Combat Troops” From Iraq In Joint Talks Starting weeks ago the Iraqi government began putting pressure on the Biden administration to enter a new round of talks over withdrawing all remaining US troops from the country – a process previously stalled amid tit-for-tat strikes between American forces and Iran-backed Iraqi […]

  • “It’s A Biological Fukushima” – Brazil On Track To Pass US In COVID Deaths

    ZeroHedge - Apr 7th 2021 8:00pm EDT

    “It’s A Biological Fukushima” – Brazil On Track To Pass US In COVID Deaths A couple of months ago, Brazil surpassed the US as the country reporting the most new COVID cases per day. Now, the stricken Latin American country is reporting as many as 4K deaths per day (for context, the US reported fewer […]

  • JPM: It Appears There Is A Worker Shortage

    ZeroHedge - Apr 7th 2021 7:40pm EDT

    JPM: It Appears There Is A Worker Shortage Yesterday’s JOLTS Job Openings printed 7.37mm vs. 6.90mm survey and 7.10mm prior. These February numbers preceded March’s large jobs gains. Combine this with reports from Bloomberg and Reuters, and – as JPMorgan writes today – “it appears that there is a worker shortage.” Irrespective of the cause […]

  • Joe Biden’s Bait-And-Switch Presidency

    ZeroHedge - Apr 7th 2021 7:20pm EDT

    Joe Biden’s Bait-And-Switch Presidency Authored by Charles Lipson via RealClearPolitics.com, Joe Biden was elected as a moderate-left Democrat, but he is not governing as one. He pledged repeatedly to work across party lines, but he is ramming through the biggest, most expensive progressive agenda in American history without any Republican votes. He is almost certain […]

  • Chinese Shipping Giant Soars After Forecasting 200x Profit Jump On Exploding Shipping Costs

    ZeroHedge - Apr 7th 2021 7:00pm EDT

    Chinese Shipping Giant Soars After Forecasting 200x Profit Jump On Exploding Shipping Costs In the past few months, we have extensively discussed the surge in shipping costs (here, here, here and here) as a result of the triple whammy of frayed supply chains, covid and the uneven global reopening, which has sent prices for everything […]

  • Architect Of Reagan Revolution Blasts “Bidenomics”

    ZeroHedge - Apr 7th 2021 6:40pm EDT

    Architect Of Reagan Revolution Blasts “Bidenomics” Authored by Gregory Bresiger via InsideSources.com, As the Biden administration prepares the largest tax hike since World War II, a longtime Republican economic advisor is sounding the alarm on “Bidenomics.” In an exclusive interview with Inside Sources, Arthur Laffer, who as a member of President Ronald Reagan’s Economic Policy Advisory Board […]

  • ‘Pro-Crypto’ Peter Thiel Warns Bitcoin “Could Be A Chinese Financial Weapon Against The US”

    ZeroHedge - Apr 7th 2021 6:20pm EDT

    ‘Pro-Crypto’ Peter Thiel Warns Bitcoin “Could Be A Chinese Financial Weapon Against The US” In early 2018, controversial conservative billionaire and PayPal cofounder Peter Thiel said “Crypto is libertarian, AI is communist.” He was specifically talking about decentralization and centralization. Cryptocurrencies are typically open-source, meaning that anyone with technical ability can contribute. On top of […]

  • Law Student’s Instagram Posting Triggers Debate Over Anti-White Speech

    ZeroHedge - Apr 7th 2021 6:00pm EDT

    Law Student’s Instagram Posting Triggers Debate Over Anti-White Speech Authored by Jonathan Turley, The University of Miami Law School is facing a controversy over how to handle racist comments directed against white students – with objections over a double standard at the university.  It is increasingly common to read anti-white commentary in the media, including a […]

  • Kim Kardashian Makes Forbes Billionaire’s List For The First Time

    ZeroHedge - Apr 7th 2021 5:40pm EDT

    Kim Kardashian Makes Forbes Billionaire’s List For The First Time When Forbes memorializes that you’re a billionaire, you’re officially a billionaire. Such is the case for Kim Kardashian, who has been included on the World’s Billionaire’s list for the first time ever on Tuesday thanks to her business empire and her television series. Her net […]

  • Is Another Family Office Blowing Up: JPM Dumps 9MM Share Block Of Academy Sports

    ZeroHedge - Apr 7th 2021 5:22pm EDT

    Is Another Family Office Blowing Up: JPM Dumps 9MM Share Block Of Academy Sports In the aftermath of the Archegos blow up, the biggest nightmare on Wall Street – where there is never just one cockroach – is that (many) more Archegos-style, highly levered “family office” blow ups are waiting just around the corner. Well, […]

  • US Colleges Push To Mandate Student Vaccinations Before Fall Semester

    ZeroHedge - Apr 7th 2021 5:20pm EDT

    US Colleges Push To Mandate Student Vaccinations Before Fall Semester Authored by Isabel van Brugen via The Epoch Times, A growing number of U.S. colleges are announcing plans to mandate the vaccination of students returning to campus this fall, in line with President Joe Biden’s pledge to make all adults in the country eligible for […]

  • Guggenheim’s Scott Minerd Warns Another Archegos-Style Blowup Is “Highly Likely”

    ZeroHedge - Apr 7th 2021 5:00pm EDT

    Guggenheim’s Scott Minerd Warns Another Archegos-Style Blowup Is “Highly Likely” Bankers around the world probably enjoyed a good laugh at Credit Suisse’s expense when it was reported the other day that Morgan Stanley had quietly started selling blocks of the Archegos stocks (with permission from Bill Hwang) before half a dozen prime brokers agreed to […]

  • What Will The Western Half Of The US Look Like During “The Second Dust Bowl”?

    ZeroHedge - Apr 7th 2021 4:40pm EDT

    What Will The Western Half Of The US Look Like During “The Second Dust Bowl”? Authored by Michael Snyder via TheMostImportantNews.com, Scientists have begun using the term “megadrought” to describe the multi-year drought that has been plaguing the western half of the country, and now we are being told that it looks like 2021 will […]

  • Taiwan Warns It Will “Fight To Very Last Day” If China Attacks As US Warship Transits Strait 

    ZeroHedge - Apr 7th 2021 4:20pm EDT

    Taiwan Warns It Will “Fight To Very Last Day” If China Attacks As US Warship Transits Strait  On Wednesday Taiwan issued new and rare bellicose words signaling its response plans should China attack the democratic island. As speculation abounds over Beijing’s increased military pressure which has included ever larger weekly and near daily military flights into […]

  • Small Caps & Cryptos Clubbed As Bonds & The Buck Bounce

    ZeroHedge - Apr 7th 2021 4:00pm EDT

    Small Caps & Cryptos Clubbed As Bonds & The Buck Bounce Stocks slipped a bit around 1115ET when Fed’s Kaplan warned “I do worry about excesses and imbalances,” adding that “failing to communicate Fed exit could stoke risk-taking.” Kaplan went to say that The Fed “should withdraw some accommodation once the pandemic is over.” Then […]

  • Cuomo To Hit Richest New Yorkers With Top Tax Rate Over 50%, More Than Most Europeans Pay

    ZeroHedge - Apr 7th 2021 3:30pm EDT

    Cuomo To Hit Richest New Yorkers With Top Tax Rate Over 50%, More Than Most Europeans Pay That giant sucking sound is the richest New Yorkers – tired of virtue signaling in a city that is about to tax them as much as Europe’s socialist paradise – packing up their belongings and bailing for Palm […]

  • Biggest Beat On Record: Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit Cards

    ZeroHedge - Apr 7th 2021 3:21pm EDT

    Biggest Beat On Record: Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit Cards Earlier this week, when looking at the latest BofA card spending data, we observed that “whereas previously the bulk of the upside spending game from debt card outlays, in recent weeks we have seen a solid increase in credit […]

  • The Tyranny Of The “Enlightened” Experts

    ZeroHedge - Apr 7th 2021 3:00pm EDT

    The Tyranny Of The “Enlightened” Experts Authored by Gregory Gordon via The Mises Institute, If you were to stroll through any typical upper-middle-income American neighborhood in 2021, the odds are very high that you’d observe at least one yard sign exuberantly proclaiming something like this: “In this house, we believe that science is real, love is love, […]

  • Tesla Delays Delivery For Refreshed Model S And Model X Vehicles

    ZeroHedge - Apr 7th 2021 2:42pm EDT

    Tesla Delays Delivery For Refreshed Model S And Model X Vehicles Tesla is reportedly delaying deliveries of both its refreshed Model X and refreshed Model S vehicles, according to Wednesday report from electrek. Those hoping for refreshed version of the two mainstays in Tesla’s lineup are going to have to wait as the automaker is […]

  • 12 Words For Q2 2021

    ZeroHedge - Apr 7th 2021 2:23pm EDT

    12 Words For Q2 2021 By Nicholas Colas of DataTrek Research Q2 2021 will determine how much of the rally to fresh highs for US/global equities is sustainable. We know how we got here: lots of profitable “stay at home” trades plus a more recent cyclical rally. The path forward needs a very specific formula […]

  • FOMC Minutes Signal Optimism On Fiscal Plans, Some Officials Fear “Stability Risks”

    ZeroHedge - Apr 7th 2021 2:07pm EDT

    FOMC Minutes Signal Optimism On Fiscal Plans, Some Officials Fear “Stability Risks” Since The Fed’s last statement and press conference (on March 17th), stocks and bonds are up marginally, gold has roundtripped back to unchanged (from a sizable loss) and the dollar is holding on to modest gains… Source: Bloomberg Interestingly, on the equity front, […]