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  • Netflix Junk Bond Offering 10x Oversubscribed, Will Price At Record Low Yield

    ZeroHedge - Apr 23rd 2020 3:17pm EDT

    Netflix Junk Bond Offering 10x Oversubscribed, Will Price At Record Low Yield It’s refreshing that credit investors have learned absolutely nothing from the March crash. After warning in its earnings release that it would fund its ongoing cash burn with junk bonds, Netflix wasted no time, and just hours later announced it would issue $1 […]

  • IRGC Fires Back At Trump: Iran Will “Destroy” US Ships That Come Near

    ZeroHedge - Apr 23rd 2020 3:08pm EDT

    IRGC Fires Back At Trump: Iran Will “Destroy” US Ships That Come Near Iran has fired back at President Trump’s provocative Wednesday tweet instructing the US Navy to “shoot down and destroy” Iranian gunboats in the gulf which “harass our ships at sea”. Iranian Foreign Minister Javad Zarif responded by mocking the rising coronavirus spread […]

  • Peter Schiff: Gold Is The “No-Brainer” Investment

    ZeroHedge - Apr 23rd 2020 2:45pm EDT

    Peter Schiff: Gold Is The “No-Brainer” Investment Via SchiffGold.com, Why is the mainstream financial media mostly ignoring gold? Peter Schiff talked about it in a recent podcast. He said the investment pundits are missing the boat on a “no-brainer” investment. The stock market has continued its pattern of wild swings this week. The Dow Jones […]

  • Mortgage Market Meltdown: Even The Wealthiest Loan Applicants Are Now Being Turned Down By Lenders

    ZeroHedge - Apr 23rd 2020 2:25pm EDT

    Mortgage Market Meltdown: Even The Wealthiest Loan Applicants Are Now Being Turned Down By Lenders The global pandemic has mortgage lenders steering away from even their wealthiest clients, as fears are abound that lost income could turn the industry’s best clients into its biggest risks. Jumbo loans, which got their name because they are bigger than most conventional […]

  • The “Easy Game” Is Over – COVID-19 Is The Catalyst Against Passive-Investing

    ZeroHedge - Apr 23rd 2020 2:07pm EDT

    The “Easy Game” Is Over – COVID-19 Is The Catalyst Against Passive-Investing Authored by Lance Roberts via RealInvestmentAdvice.com, Passive investing has eaten active management’s lunch for decades. Its market share has grown steadily, capturing disproportionate amounts of inflows and allocation changes. Backed by scores of academic research, passive investing is pitched as a way to […]

  • Ali Lumsden’s East Lodge Capital Plunges 26% In March As Mortgage Market Implodes

    ZeroHedge - Apr 23rd 2020 1:45pm EDT

    Ali Lumsden’s East Lodge Capital Plunges 26% In March As Mortgage Market Implodes Ali Lumsden’s East Lodge Capital isn’t quite having the same success it did the last time the mortgage bond market melted down. Lumsden, famous for gaining 73% when the mortgage bond market went belly up last time, saw 26% declines in March […]

  • Top Elections Lawyer: Vote-By-Mail Is “The Most Massive Fraud Scheme In American History”

    ZeroHedge - Apr 23rd 2020 1:27pm EDT

    Top Elections Lawyer: Vote-By-Mail Is “The Most Massive Fraud Scheme In American History” Authored by Margaret Menge via InsideSources.com, The First Amendment lawyer famous for Citizens United has taken up arms against a new foe: all-mail voting. Jim Bopp, Jr. filed two lawsuits in federal court this week — one in Nevada and one in Virginia — […]

  • European Summit Flops: Four “Frugal” EU Countries Oppose Grants

    ZeroHedge - Apr 23rd 2020 1:05pm EDT

    European Summit Flops: Four “Frugal” EU Countries Oppose Grants Update: Earlier today, when previewing today’s EU Summit, we concluded by saying that just one word summarizes best what to expect from today’s EU summit: disappointment. And sure enough, that was correct because moments ago Reuters reported that four “frugal” EU countries oppose grants, with the […]

  • Science Teachers Adapt To Lockdown With ‘Burping Bags’ And Other At-Home Experiments

    ZeroHedge - Apr 23rd 2020 1:05pm EDT

    Science Teachers Adapt To Lockdown With ‘Burping Bags’ And Other At-Home Experiments With most schools out across the country due to the coronavirus lockdown, science teachers have been getting creative when it comes to finding experiments to keeep their students entertained. “My thing has been to get science into their homes and get them doing […]

  • Stocks Tumble, Gilead Crashes After FT Reports Gilead’s Remdesivir “Flops” In First Clinical Trial

    ZeroHedge - Apr 23rd 2020 12:49pm EDT

    Stocks Tumble, Gilead Crashes After FT Reports Gilead’s Remdesivir “Flops” In First Clinical Trial Just as we suspected, the sketchy Statnews report claiming that Gilead’s remdesivir had achieved miraculous results on patients in a small preliminary University of Chicago study has been exposed as complete BS. The FT just reported that Gilead’s “miracle drug” remdesivir […]

  • Alberta Pension Fund Manager Lost $3 Billion Selling Volatility

    ZeroHedge - Apr 23rd 2020 12:45pm EDT

    Alberta Pension Fund Manager Lost $3 Billion Selling Volatility Submitted by Market Crumbs, Last week we learned about a badly timed decision that cost the California Public Employees’ Retirement System (CalPERS) more than $1 billion. CalPERS exited one of its two hedges just before the stock market began its unprecedented selloff.  As bad as that […]

  • Lloyd Blankfein Can’t Understand Why Investors Are Still Buying US Treasurys; Here Is The Answer

    ZeroHedge - Apr 23rd 2020 12:30pm EDT

    Lloyd Blankfein Can’t Understand Why Investors Are Still Buying US Treasurys; Here Is The Answer Former Goldman Sachs CEO Lloyd Blankfein kicked the hornets’ nest at the nexus of modern finance and socio-economics – where topics such as MMT, Helicopter Money and debt monetization all intersect and keep the US empire funded – by tweeting […]

  • Watch: Dozens Of Terrifying Twisters Tear Through Texas & Oklahoma

    ZeroHedge - Apr 23rd 2020 12:25pm EDT

    Watch: Dozens Of Terrifying Twisters Tear Through Texas & Oklahoma Tornados ripped through Texas and Oklahoma in the overnight on Wednesday, killing at least five people and damaging structures, reported ABC News. Two people were killed in southern Oklahoma, and a third remains hospitalized, said Marshall County Emergency Management Director Robert Chaney. ~MUST WATCH~ Terrifying […]

  • They’ll Wreck The Economy If They Have To

    ZeroHedge - Apr 23rd 2020 12:10pm EDT

    They’ll Wreck The Economy If They Have To Authored by Simon Black via SovereignMan.com, Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history. As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that […]

  • First BNP, Now SocGen: French Banks Suffer Huge Losses As Derivative Trade Blows Up

    ZeroHedge - Apr 23rd 2020 11:55am EDT

    First BNP, Now SocGen: French Banks Suffer Huge Losses As Derivative Trade Blows Up Three things are guaranteed: death, taxes and French banks, the world’s so-called “derivative gurus”, losing boatloads of money any time the VIX spikes. As a reminder, two weeks ago we reported that BNP Paribas, the largest French bank, lost hundreds of […]

  • The Chinese Health Organization?

    ZeroHedge - Apr 23rd 2020 11:40am EDT

    The Chinese Health Organization? Authored by Brahma Chellaney via Project Syndicate, The COVID-19 pandemic, much like a major war, is a defining moment for the world – one that demands major reforms of international institutions. The World Health Organization, whose credibility has taken a severe beating of late, is a good place to start. The […]

  • Treasury Posts Guidance To Stop PPP Loans From Going To Large Companies After Small Business Owners Shafted

    ZeroHedge - Apr 23rd 2020 11:25am EDT

    Treasury Posts Guidance To Stop PPP Loans From Going To Large Companies After Small Business Owners Shafted Three weeks and hundreds of billions in misappropriated loans later, the Treasury Department has issued guidance intended to stop banks from issuing Paycheck Protection Program loans to large companies. According to CNBC, the Treasury says it’s unlikely that […]

  • Elizabeth Warren’s Brother Dies Of Coronavirus

    ZeroHedge - Apr 23rd 2020 11:17am EDT

    Elizabeth Warren’s Brother Dies Of Coronavirus Sen. Elizabeth Warren’s older brother, Donald Reed Herring, died on Tuesday night in Norman, Oklahoma according to the former presidential candidate. The 86-year-old Herring was a 20-year veteran of the Air Force and a Vietnam veteran. My oldest brother, Don Reed, died from coronavirus on Tuesday evening. He joined […]

  • Portfolio Management In An Era Of ‘Greater Fools’

    ZeroHedge - Apr 23rd 2020 11:10am EDT

    Portfolio Management In An Era Of ‘Greater Fools’ Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, U.S. Treasury bonds of all maturities have recently flirted with zero percent yields and, in the case of some Treasury Bills, have at times traded at negative yields. As a result, these bonds are closing in on the […]

  • Trump Says “No” To World Money

    ZeroHedge - Apr 23rd 2020 10:35am EDT

    Trump Says “No” To World Money Authored by James Rickards via The Daily Reckoning, Over the course of 13 years as a media commentator and nine years as a bestselling author, I’ve had frequent occasion to state the following: “In 1998, Wall Street came together to bail out a hedge fund. In 2008, the Federal […]

  • Bill Gates Continues To Push ‘Immunity Passports’ And Tech-Enabled Surveillance State To Combat COVID

    ZeroHedge - Apr 23rd 2020 10:15am EDT

    Bill Gates Continues To Push ‘Immunity Passports’ And Tech-Enabled Surveillance State To Combat COVID Bill Gates has inserted himself into the national dialogue as a self-proclaimed coronavirus sage who will lead the world out of dark times through a digitally-assisted brave new world of testing, contact tracing, and of course – a vaccine. Of course, […]

  • US New Home Sales Have Never Dropped This Much In March… Ever

    ZeroHedge - Apr 23rd 2020 10:05am EDT

    US New Home Sales Have Never Dropped This Much In March… Ever After the plunge in homebuilder sentiment as they are forced to face reality and the big drop in existing home sales, new home sales were expected to tumble in March (after already dropping in February – bucking the uptrend in existing- and pending-sales). […]

  • BOJ To Launch Unlimited QE, Double Corporate Bond Purchases

    ZeroHedge - Apr 23rd 2020 10:00am EDT

    BOJ To Launch Unlimited QE, Double Corporate Bond Purchases One day after the ECB announced that it – just like the Fed – would purchases fallen angle junk bonds, the BOJ, afraid it would be left behind in the global race to crush one’s currency, is reportedly preparing to abandon its 80 trillion yen a […]

  • Rabobank: You Can Stop The Lockdown But You Won’t Go Back To Normal

    ZeroHedge - Apr 23rd 2020 10:00am EDT

    Rabobank: You Can Stop The Lockdown But You Won’t Go Back To Normal Submitted by Michael Every of Rabobank Suspicious Minds It is perhaps the oldest Middle East oil trick in the book: you want higher oil prices, threaten to start breaking things. Yesterday US President Trump gave an order authorizing the navy to use […]

  • The Lessons Learned From Today’s Disastrous Global PMIs

    ZeroHedge - Apr 23rd 2020 9:50am EDT

    The Lessons Learned From Today’s Disastrous Global PMIs There have been a number of PMIs released in the last 12 hours or so… And it’s safe to say that they didn’t live up to expectations, exposing how thankless a task it is to forecast economic data in this environment. Japanese PMIs hit record lows (well below expectations)… […]