Is COVID-19 The ‘Squeeze Play’ On The Population?
ZeroHedge - Apr 15th 2020 5:25pm EDTIs COVID-19 The ‘Squeeze Play’ On The Population? Authored by Jon Rappoport via LewRockwell.com, It’s a con as old as the hills. The ancient chieftain of a little territory looks out across his domain and says to his top aide, “You know, we have these clusters of people worshiping different gods. That’s not good for […]
Shocking New Documents Prove China Deliberately Withheld Critical Coronavirus Info
ZeroHedge - Apr 15th 2020 5:05pm EDTShocking New Documents Prove China Deliberately Withheld Critical Coronavirus Info The last few days have exhibited some of the most intense sniping between President Trump and the American media, as the media – via reports in WaPo and NYT – goes all-in on the “Trump screwed up” narrative, while President Trump hews to the “it […]
Watch Live: White House Coronavirus Task Force Holds Wednesday Briefing
ZeroHedge - Apr 15th 2020 4:55pm EDTWatch Live: White House Coronavirus Task Force Holds Wednesday Briefing Update (1705ET): As we wait for the meeting to begin, we’d like to highlight this Bloomberg report from earlier claiming that the president has abandoned the idea of forming a second task force to focus on reopening the economy – a trial balloon that elicited […]
Treasury Cash Balance Soars To Record $959 Billion Following Bill Issuance Tsunami
ZeroHedge - Apr 15th 2020 4:46pm EDTTreasury Cash Balance Soars To Record $959 Billion Following Bill Issuance Tsunami It’s not just corporations that are scrambling to raise liquidity as fast as they possibly can (by drawing down on their bank revolver): so is the US Treasury. After fluctuating between $300 and $400 billion since last October (which in turn was a […]
Will You Resume Normal Daily Activities Once The COVID-19 Restrictions Are Finally Lifted?
ZeroHedge - Apr 15th 2020 4:45pm EDTWill You Resume Normal Daily Activities Once The COVID-19 Restrictions Are Finally Lifted? Authored by Michael Snyder via The Economic Collapse blog, COVID-19 has turned all of our lives upside down, and most people are quite eager for a return to normalcy. But as you will see below, fear of the coronavirus is going to […]
Lockdown-Backlash Begins: Angry Crowd Surrounds Capitol, Demands Michigan Governor Reopen Economy
ZeroHedge - Apr 15th 2020 4:30pm EDTLockdown-Backlash Begins: Angry Crowd Surrounds Capitol, Demands Michigan Governor Reopen Economy As we have noted, the evolution of the virus pandemic is not just a public health crisis nor a financial meltdown but could transform into a social unraveling. And, oh boy, it appears we could be right. But before we cover today’s events. Several […]
Japanese Holdings Of US Treasuries Hit Record Highs, China Big Buyer Too In Feb
ZeroHedge - Apr 15th 2020 4:17pm EDTJapanese Holdings Of US Treasuries Hit Record Highs, China Big Buyer Too In Feb The Treasury’s report on cross-border capital flows showed total foreign ownership of Treasuries rose $209.7 billion from January, to $7.067 trillion with Japan, UK, Hong Kong, and China the biggest buyers in February (ahead of the main virus impacts). The breakdown is […]
Stocks Stumble At Critical Level After Economic Data Crashes At Record Pace
ZeroHedge - Apr 15th 2020 4:00pm EDTStocks Stumble At Critical Level After Economic Data Crashes At Record Pace Today was a bloodbath for economic data (and that is before tomorrow’s horrific continuation of jobless claims) with almost every item experiencing record collapses (from Empire Fed to Retail Sales to Homebuilder and Homebuyer Sentiment). In fact the last four weeks – despite […]
Here’s How To Monitor The Status Of Your Federal Stimulus Check
ZeroHedge - Apr 15th 2020 3:50pm EDTHere’s How To Monitor The Status Of Your Federal Stimulus Check Since Trump signed the $2.2 trillion “CARES Act” into law, millions of Americans – especially the roughly 1 in 10 who have lost their jobs during the fallout of the coronavirus outbreak – have been eagerly awaiting the arrival of their stimulus payments. While […]
Meet “Anonymous” – And Here’s How Trump Aides Outed Her
ZeroHedge - Apr 15th 2020 3:35pm EDTMeet “Anonymous” – And Here’s How Trump Aides Outed Her Authored by Paul Sperry via RealClearInvestigations Ever since a “senior official in the Trump administration” penned an anonymous 2018 New York Times column attacking President Trump as unfit for office, Washington has been engrossed in a high-stakes whodunit. After an exhaustive investigation, the White House […]
Houston: The Banks Have A Huge Problem
ZeroHedge - Apr 15th 2020 3:25pm EDTHouston: The Banks Have A Huge Problem For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would “earn” their way […]
Whitney Tilson Congratulates Himself For Calling The Market Bottom
ZeroHedge - Apr 15th 2020 2:50pm EDTWhitney Tilson Congratulates Himself For Calling The Market Bottom Whitney Tilson wants you to know that he called the stock market bottom. Or the coronavirus top. Either way, Tilson swears he was right about something and he needs you to know it. Tilson, famous for blowing up two hedge funds before becoming a newsletter writer, […]
Fed Beige Book: “Economic Activity Contracted Sharply And Abruptly Across All Regions”
ZeroHedge - Apr 15th 2020 2:46pm EDTFed Beige Book: “Economic Activity Contracted Sharply And Abruptly Across All Regions” There was only bad news in the latest Fed Beige Book. After years of “modest” and “moderate” growth across the US, in the latest Fed Beige Book released this afternoon, the assessment of the economy downgraded sharply with the Fed reporting that “Economic […]
Many Majority-Black Cities Excluded From Fed’s Municipal Liquidity Facility
ZeroHedge - Apr 15th 2020 2:20pm EDTMany Majority-Black Cities Excluded From Fed’s Municipal Liquidity Facility The Federal Reserve’s Municipal Liquidity Facility (MLF) will provide $500 billion in loans to states and cities during these challenging economic times. However, there’s a twist, and the program will exclude a majority of cities that have high concentrations of African Americans. According to the Brookings Institution, […]
5 Reasons Why The “V-Shaped Recovery” Is A Fantasy
ZeroHedge - Apr 15th 2020 2:05pm EDT5 Reasons Why The “V-Shaped Recovery” Is A Fantasy Authored by Simon Black via SovereignMan.com, The big story over the last few days has been ‘reopening the economy’. And that’s certainly a nice idea. Countless people have been living in despair over the last month, and the prospect of everything going back to normal soon […]
Small Business Bailout Fund To Run Out Of Money Today
ZeroHedge - Apr 15th 2020 1:56pm EDTSmall Business Bailout Fund To Run Out Of Money Today With millions in small business owners still waiting for their bank to get back to them on the status of their business continuity loan/grant application, it appears that some applicants have been more equal than others, and according to the Journal, the small-business loan program […]
Will The S&P Retest The Lows? It Depends On Whether This “Battle Line” Is Breached
ZeroHedge - Apr 15th 2020 1:50pm EDTWill The S&P Retest The Lows? It Depends On Whether This “Battle Line” Is Breached Until today’s catastrophic economic data – which saw industrial production, housing, retail sales, and New York manufacturing all plunging at or near record levels and which sent stocks sliding – some Wall Street strategists had become confident that the worst […]
Far Worse To Come: COVID-19 Collapse Of State & Local Governments
ZeroHedge - Apr 15th 2020 1:35pm EDTFar Worse To Come: COVID-19 Collapse Of State & Local Governments Authored by Grady Means, op-ed via The Hill, Another sudden and unexpected factor will transform this year’s elections. Many states, cities and counties are about to, suddenly, run out of money. Wages won’t be paid. Services won’t be delivered. Institutions will shut down abruptly. […]
WHO Responds After Trump Pulls Funding
ZeroHedge - Apr 15th 2020 1:20pm EDTWHO Responds After Trump Pulls Funding The World Health Organization has responded to President Trump’s decision to suspend funding, and hopes that the decision will be reversed. “We regret the decision of the President of the United States to order a halt in funding to the World Health Organization,” said WHO Director-General Tedros Adhanom Ghebreyesus […]
Investing Giants Gundlach, El-Erian, Marks Slam The Fed’s Takeover Of The Market
ZeroHedge - Apr 15th 2020 12:50pm EDTInvesting Giants Gundlach, El-Erian, Marks Slam The Fed’s Takeover Of The Market In the span of just three weeks what little was left of efficient, free markets ended forever. It started on March 15 when the Fed unveiled its first multi-trillion repo “bazooka” meant to rescue basis-trading hedge funds as the alternative was a flood […]
WHO Blocked Doctors From Urging Border Controls To Stop Spread Of COVID-19
ZeroHedge - Apr 15th 2020 12:35pm EDTWHO Blocked Doctors From Urging Border Controls To Stop Spread Of COVID-19 Authored by Paul Joseph Watson via Summit News, The World Health Organization blocked doctors from urging countries to impose border controls to stop the spread of coronavirus, it has been revealed. While the organization was demanding countries impose zero border controls, it was […]
Ventilators By Cloak & Dagger: Israel’s Mossad Boasts Of Stealing Medical Gear From Other Countries
ZeroHedge - Apr 15th 2020 12:20pm EDTVentilators By Cloak & Dagger: Israel’s Mossad Boasts Of Stealing Medical Gear From Other Countries An Israel broacast interview featuring a high level Mossad operative is making waves in the region after an intelligence official admitted using “a little” theft to obtain medical protective equipment in the fight against coronavirus, which has been in short supply […]
CEO Of Shale Giant: “No One Wants To Give Us Capital Because We Have All Destroyed Capital And Created Economic Waste”
ZeroHedge - Apr 15th 2020 12:17pm EDTCEO Of Shale Giant: “No One Wants To Give Us Capital Because We Have All Destroyed Capital And Created Economic Waste” Authored by Josh Siegel and Abby Smith, from the Washington Examiner TEXAS DEBATES PRODUCTION CUTS: Texas can lead in producing a “real” U.S. oil production cut to save the shale industry, Scott Sheffield, CEO […]
“Overstated?” – Laying Out The Bullish & Bearish Stock Arguments From Here
ZeroHedge - Apr 15th 2020 12:06pm EDT“Overstated?” – Laying Out The Bullish & Bearish Stock Arguments From Here The somewhat unprecedented bounce back in stocks – after the fastest collapse on record – has as many bulls as bears frothing at the bit to add to their positions one way or another as either “the buying opportunity of a lifetime” or […]
Frontier Agrees On Debt Restructuring, Files For Bankruptcy
ZeroHedge - Apr 15th 2020 11:55am EDTFrontier Agrees On Debt Restructuring, Files For Bankruptcy Frontier Communications Corporation filed for bankruptcy on Tuesday night, as it has entered into a Restructuring Support Agreement (RSA) with bondholders representing 75% of the high-speed internet company’s $11 billion outstanding unsecured bonds. The company has spent the last months warning about its going concern and recently had discussions […]