News From ZeroHedge, Page 2723

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  • What If The Fed Did Nothing?

    ZeroHedge - Apr 1st 2020 11:15am EDT

    What If The Fed Did Nothing? Authored by Noah Bonn via The Mises Institute, Austrians and Libertarians are well-established critics of central banking in general, and emergency monetary stimulus in particular. There is near universal agreement that Alan Greenspan should not have cut rates following the Dot-Com Bubble, and that Ben Bernanke and Janet Yellen […]

  • Putin Self-Isolates After Shaking Hands With Infected Doctor At Moscow Hospital

    ZeroHedge - Apr 1st 2020 11:04am EDT

    Putin Self-Isolates After Shaking Hands With Infected Doctor At Moscow Hospital On Tuesday it was revealed that Denis Protsenko, the head doctor at the infectious diseases hospital treating coronavirus patients in Moscow, tested positive for COVID-19. Just a week ago Dr. Protsenko was photographed shaking hands with President Vladimir Putin, during the Russian leader’s visit to the […]

  • The COVID-19 Tripwire

    ZeroHedge - Apr 1st 2020 10:45am EDT

    The COVID-19 Tripwire Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, “You better tuck that in. You’re gonna’ get that caught on a tripwire.”  – Lieutenant Dan, Forrest Gump There is a popular game called Jenga in which a tower of rectangular blocks is arranged to form a sturdy tower. The objective of the game […]

  • WTI Tumbles To $19 Handle After Biggest Crude Build Since 2016

    ZeroHedge - Apr 1st 2020 10:36am EDT

    WTI Tumbles To $19 Handle After Biggest Crude Build Since 2016 After its worst quarter ever, as COVID-19 lockdowns crushed demand, raising fears about overflowing storage tanks amid a price war that has flooded the market with extra supply, all eyes are glued to today’s official inventory data (after API reported a major surprise build […]

  • The Fed Blows Biggest Bond Bubble Ever: March IG Bond Issuance Hits $271BN, An Absolute Record

    ZeroHedge - Apr 1st 2020 10:26am EDT

    The Fed Blows Biggest Bond Bubble Ever: March IG Bond Issuance Hits $271BN, An Absolute Record When the Fed broke the last frontier of moral hazard – at least until it starts openly purchasing ETFs and single stocks after the next market crash, thereby fully nationalizing the market – and announced it, or rather Blackrock, […]

  • Trader: “Maybe We Can’t Handle The Truth After All”

    ZeroHedge - Apr 1st 2020 10:15am EDT

    Trader: “Maybe We Can’t Handle The Truth After All” Authored by Richard Breslow via Bloomberg, Most of us have lower pain thresholds than we would like to admit. And have developed various coping mechanisms to deal with it. We opt to hear what we want to. This tendency is often accommodated by enablers who long […]

  • US Manufacturing Slumps To Biggest Contraction Since Financial Crisis

    ZeroHedge - Apr 1st 2020 10:05am EDT

    US Manufacturing Slumps To Biggest Contraction Since Financial Crisis After a bloodbath in European PMIs (and a ‘surprise’ surge back to growth in China), and following some serious collapses in regional Fed surveys (and this morning’s tumble in Canadian PMIs), today’s US manufacturing survey data was expected to slide further into contraction (though not as […]

  • Rabobank: MMT-rump

    ZeroHedge - Apr 1st 2020 9:50am EDT

    Rabobank: MMT-rump Submitted by Michael Every of Rabobank Another day, another trillion dollars. After noting for the nth time yesterday that not all currencies are equal, and that the Eurodollar system–that is to say, offshore USD liquidity–remains a structural issue regardless of the recent introduction of (too small) Fed swap lines with (too few) central […]

  • Ford Is Delaying North American Production “Indefinitely”

    ZeroHedge - Apr 1st 2020 9:35am EDT

    Ford Is Delaying North American Production “Indefinitely” With what are sure to be ugly March sales numbers looming, Ford has now decided it is cancelling plans to re-start production in the U.S. and Mexico over the next two weeks.  Citing risks associated with the coronavirus, the automaker has said the the suspension is “indefinite” and […]

  • Whiting Petroleum Files For Prepackaged Bankruptcy

    ZeroHedge - Apr 1st 2020 9:20am EDT

    Whiting Petroleum Files For Prepackaged Bankruptcy Talk about a coincidence: just as we were discussing why April would be “apocalyptic” for the oil industry, as Saudi Arabia just unleashed an unprecedented record amount of oil to buyers in a scramble to put its high-priced competitors out of business, warning that “countless oil producers would file […]

  • “It’s Hard To Envision That”: Biden Doubts Democratic National Convention Will Go Forward As Planned

    ZeroHedge - Apr 1st 2020 9:14am EDT

    “It’s Hard To Envision That”: Biden Doubts Democratic National Convention Will Go Forward As Planned Joe Biden doesn’t think the Democratic National Convention in Milwaukee will go off as planned this summer, telling MSNBC “It’s hard to envision that.” “Again, we should listen to the scientists,” he added. On the Democratic National Convention going forward […]

  • A Long Way Down To Value Still

    ZeroHedge - Apr 1st 2020 9:00am EDT

    A Long Way Down To Value Still Via Global Macro Monitor, Summary The stock market has completed the first phase of a bear market with a rapid and sharp Q1 sell-off caused by massive deleveraging Stocks still need to deal with its valuation problem as well as discounting the long-term financial and economic impact of […]

  • “Apocalyptic April”: Trump Fails To End Oil Price War As Saudis Unleash Oil Tsunami On The World

    ZeroHedge - Apr 1st 2020 8:49am EDT

    “Apocalyptic April”: Trump Fails To End Oil Price War As Saudis Unleash Oil Tsunami On The World Oil held steady near $20 on Wednesday, after President Trump’s pledge to meet with feuding producers Saudi Arabia and Russia (whose real feud is with US Shale producers) to support the market failed to bolster prices after their […]

  • Russia Sends “Very, Very Large Planeload” Of Masks, Medical Equipment To US

    ZeroHedge - Apr 1st 2020 8:46am EDT

    Russia Sends “Very, Very Large Planeload” Of Masks, Medical Equipment To US Reporters hounded President Trump during yesterday’s White House press conference about a Monday phone conversation between Trump and Russian President Vladimir Putin, where the two leaders agreed to hold talks about the chaos in the oil market. And in a gesture of goodwill, […]

  • Tucker Carlson: The WHO Helped China Cover-Up COVID-19

    ZeroHedge - Apr 1st 2020 8:30am EDT

    Tucker Carlson: The WHO Helped China Cover-Up COVID-19 Authored by Paul Joseph Watson via Summit News, Tucker Carlson exposed during a powerful monologue last night how the World Health Organization helped China cover-up the severity of coronavirus and how the U.S. media turned a blind eye. The Fox News host noted how World Health Organization […]

  • Small Businesses Lost Most Jobs Since Financial Crisis, ADP Reports

    ZeroHedge - Apr 1st 2020 8:18am EDT

    Small Businesses Lost Most Jobs Since Financial Crisis, ADP Reports Despite last week’s mind-numbing explosion in initial jobless claims, expectations were for a rather modest 150k drop in ADP employment in March… and in a shocking turn of events – ADP employment dropped a mere 27k jobs!?? Source: Bloomberg Both Goods and Services firms saw […]

  • Futures Tumble As Bear Market Rally Ends; Gundlach, Marks Expect New Lows

    ZeroHedge - Apr 1st 2020 8:09am EDT

    Futures Tumble As Bear Market Rally Ends; Gundlach, Marks Expect New Lows With the only question on traders’ mind whether the March 20 liquidation cascade was the market low, the market itself may be ready to give us the answer, because on the first day of the new month and new quarter – when the […]

  • End The Shutdown!

    ZeroHedge - Apr 1st 2020 7:56am EDT

    End The Shutdown! Via The Editors of The Mises Institute, The shutdown of the American economy by government decree should end. The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people – individuals, families, businesses – must decide for themselves how and when to […]

  • Q2 Begins On The Back Foot

    ZeroHedge - Apr 1st 2020 7:35am EDT

    Q2 Begins On The Back Foot Submitted by Saxo Bank’s Elizabeth Creagh With the slate cleared of month/quarter end flows and pension fund rebalancing, Asia equity markets begin mixed. At the time of writing, ASX 200 +1.71%, Nikkei 225 -1.14%, KOSPI +0.40% and US futures heading lower on light volumes in the Asia session. This […]

  • Spanish COVID-19 Cases Pass 100k, Japan Closes Border To US & UK Citizens: Live Updates

    ZeroHedge - Apr 1st 2020 7:23am EDT

    Spanish COVID-19 Cases Pass 100k, Japan Closes Border To US & UK Citizens: Live Updates Just as the rate of new infections finally appears to have plateaued in Italy, Spain and France are reporting enough new cases to steal the spotlight. On Wednesday, the big story was Spain: Health Officials in Madrid reported. Once again, […]

  • As Pandemic Rages, NATO Shows Itself To Be As Irrelevant As Ever

    ZeroHedge - Apr 1st 2020 6:10am EDT

    As Pandemic Rages, NATO Shows Itself To Be As Irrelevant As Ever Authored by Brian Cloughley via The Strategic Culture Foundation, In 2015 Bill Gates gave a talk titled “We’re Not Ready for the Next Epidemic” in which, in a remarkable exhibition of understated and uncannily accurate prescience, he reflected on the outbreak of Ebola virus and […]

  • Why Did Russia Just Halt Domestic Gold Purchases?

    ZeroHedge - Apr 1st 2020 5:35am EDT

    Why Did Russia Just Halt Domestic Gold Purchases? As the gold market continues to deal with global liquidity issues, and virus-lockdown-related disruptions between paper and physical pricing as extremely high physical demand creates shortages, Russia made a surprise announcement on Monday. Starting April 1, Russia will be suspending its domestic gold purchases: “Since April 1, […]

  • Who’s Next To Fail In The Post-COVID World?

    ZeroHedge - Apr 1st 2020 5:00am EDT

    Who’s Next To Fail In The Post-COVID World? Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, As much as I hate to invoke The Ayn Rand lest I give off the impression I’m some kind of Objectivist, which I am most certainly not, the engine of the world is coming to a halt. […]

  • Europe & Iran Complete First INSTEX Transaction, Dodging US Sanctions 

    ZeroHedge - Apr 1st 2020 4:15am EDT

    Europe & Iran Complete First INSTEX Transaction, Dodging US Sanctions  The very first transaction of the INSTEX special purpose ‘alternative’ vehicle between Europe and Iran has been successfully completed, according Germany’s Foreign Ministry Tuesday. “France, Germany and the United Kingdom confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical goods from […]

  • Spanish Government Being Sued For Encouraging Mass Gatherings Right As COVID-19 Hit

    ZeroHedge - Apr 1st 2020 3:30am EDT

    Spanish Government Being Sued For Encouraging Mass Gatherings Right As COVID-19 Hit Authored by Paul Joseph Watson via Summit News, The Spanish government is being sued for gross negligence after it encouraged citizens to attend giant feminist rallies across the country on March 8, potentially exposing hundreds of thousands of people to coronavirus. “A class […]