This Is The ‘Supercut’ Video President Trump Just Played In The White House Press Briefing
ZeroHedge - Apr 13th 2020 6:45pm EDTThis Is The ‘Supercut’ Video President Trump Just Played In The White House Press Briefing This is the controversial ‘supercut’ of media talking heads and journalists criticizing President Trump that was just played in his Monday night press briefing, which turned out to be one for the history books. Reporters in the room immediately tried […]
Assange ‘Secretly’ Fathered 2 Children While In Embassy, Partner Urges Bail Over COVID-19 Fears
ZeroHedge - Apr 13th 2020 6:45pm EDTAssange ‘Secretly’ Fathered 2 Children While In Embassy, Partner Urges Bail Over COVID-19 Fears Julian Assange secretly fathered two children during his almost seven years of political asylum inside Ecuador’s embassy in London, The Mail on Sunday and WikiLeaks revealed Sunday. Stella Morris, a 37-year old South African-born lawyer, has been in a relationship with the WikiLeaks […]
Treasury Cash Balance Doubles In Ten Days, Hits A Record $899 Billion
ZeroHedge - Apr 13th 2020 6:25pm EDTTreasury Cash Balance Doubles In Ten Days, Hits A Record $899 Billion 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 at around $400 billion since last October (which in turn was a sharp […]
The Road To Perdition Is Paved With Evil Intentions, Part 1: The Fed’s Pimping Of Asset Bubbles Exposed
ZeroHedge - Apr 13th 2020 6:05pm EDTThe Road To Perdition Is Paved With Evil Intentions, Part 1: The Fed’s Pimping Of Asset Bubbles Exposed Authored by Jim Quinn via The Burning Platform, “Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending” – Nassim […]
Nearly 2 Million Struggling Homeowners Apply For Assistance As Forbearance Explosion Paints Dire Picture
ZeroHedge - Apr 13th 2020 5:45pm EDTNearly 2 Million Struggling Homeowners Apply For Assistance As Forbearance Explosion Paints Dire Picture With unemployment claims hitting nearly 17 million over the last three weeks, the number of Americans applying for the government’s mortgage forbearance program under the COVID-19 relief plan spiked 73% for the week ending April 5 vs. the previous week – […]
“Boomer Crisis” – Crash Permanently Delays Retirement Plans
ZeroHedge - Apr 13th 2020 5:25pm EDT“Boomer Crisis” – Crash Permanently Delays Retirement Plans Authored by Lance Roberts via RealInvestmentAdvice.com, In business, the 80/20 rule states that 80% of your business will come from 20% of your customers. In an economy where roughly 2/3rds of the growth is driven by consumption, a growing “wealth gap” presents a major headwind. As shown in the chart […]
25 Million People Under Tornado Watch On East Coast
ZeroHedge - Apr 13th 2020 5:05pm EDT25 Million People Under Tornado Watch On East Coast A severe weather system is pummeling the East Coast on Monday, with at least 24 people dead in the South. The storm is moving up the coast this afternoon, making its way across the Mid-Atlantic and into the Northeast. At least 25 million people on the […]
Watch Live: White House Task Force Holds Monday Briefing
ZeroHedge - Apr 13th 2020 4:55pm EDTWatch Live: White House Task Force Holds Monday Briefing After a wild day that say President Trump feud with the governors over who has the authority to reopen states’ economies, while an inexplicable Trump retweet, possibly made in anger, led the press to speculate that the White House might be firing Dr. Fauci – something […]
Deep Economic Suffering Has Erupted All Over America, But Guess Who The Fed Is Helping?
ZeroHedge - Apr 13th 2020 4:45pm EDTDeep Economic Suffering Has Erupted All Over America, But Guess Who The Fed Is Helping? Authored by Michael Snyder via TheMostImportantNews.com, As millions upon millions of Americans lose their jobs in the greatest wave of unemployment in U.S. history, the Federal Reserve has decided that now is the time to spend trillions of newly created […]
Even Goldman Mocks The Absurdity Of Its Own “S&P To 3,000” Forecast
ZeroHedge - Apr 13th 2020 4:25pm EDTEven Goldman Mocks The Absurdity Of Its Own “S&P To 3,000” Forecast Late last week, we showed a chart from Credit Suisse which could be simply described as “insanity” because it demonstrated that as the US careened into a depression, with GDP crashing and the unemployment rate soaring, between the latest Fed-driven surge in stocks […]
Gold Jumps As Stocks & Oil Dump From Exuberant Open
ZeroHedge - Apr 13th 2020 4:00pm EDTGold Jumps As Stocks & Oil Dump From Exuberant Open After the best week in decades for stocks… Consumer sentiment just suffered the largest single-month decline on record as Americans became increasingly rattled by thousands of business closings and millions of layoffs across the country. Not only did the University of Michigan’s main gauge of confidence take […]
Builders In ‘Denial’
ZeroHedge - Apr 13th 2020 3:50pm EDTBuilders In ‘Denial’ Authored by Douglas French via LewRockwell.com, The year 2006 seems like a lifetime ago. The housing boom seemed to be going full throttle, but danger lurked. I wrote on LewRockwell.com in March of that year, concerning a Las Vegas real estate seminar, that “nary a discouraging word was spoken.” But, despite the happy talk […]
“Perilously Close To Meat Shortfalls”: World’s Largest Pork Producer Shutters Key Factory After COVID-19 Outbreak
ZeroHedge - Apr 13th 2020 3:35pm EDT“Perilously Close To Meat Shortfalls”: World’s Largest Pork Producer Shutters Key Factory After COVID-19 Outbreak Operations at one of Smithfield Foods’ key U.S. factories have been brought to a halt after a coronavirus outbreak among employees. Smithfield is the world’s biggest pork producer. Now, the company is warning that meat supplies are “perilously close to […]
Jim Kunstler Exposes “The Most Atrocious Racket The World Has Ever Seen”
ZeroHedge - Apr 13th 2020 3:20pm EDTJim Kunstler Exposes “The Most Atrocious Racket The World Has Ever Seen” Authored by James Howard Kunstler via Kunstler.com, The ruins of Mary McClellan Hospital stand on hill overlooking the village of Cambridge, New York, in what was a “flyover” corner of the country until the planes stopped flying. The hospital cornerstone was laid July […]
Barter Is Back – Locked-Down Americans Are Swapping Malbec For Masks
ZeroHedge - Apr 13th 2020 3:05pm EDTBarter Is Back – Locked-Down Americans Are Swapping Malbec For Masks Mass quarantines threaten to send the American economy back into the stone ages. The economy has crashed, now entering a depression in the second quarter, people are adapting to the new reality of lockdowns and a pandemic, which has triggered the widespread use of […]
CalPERS Wins “Bad Timing” Award, Unwinds Tail Risk Hedges Weeks Before Coronacrisis Hit
ZeroHedge - Apr 13th 2020 2:49pm EDTCalPERS Wins “Bad Timing” Award, Unwinds Tail Risk Hedges Weeks Before Coronacrisis Hit Submitted by Market Crumbs A few weeks ago, news broke that the California Public Employees’ Retirement System (CalPERS) had taken its biggest hit since the financial crisis as a result of the recent market collapse. CalPERS’ fund balance shrunk from $404 billion […]
Largest US Study Of COVID-19 Admissions Reveals Single Biggest Factor In Hospitalization
ZeroHedge - Apr 13th 2020 2:35pm EDTLargest US Study Of COVID-19 Admissions Reveals Single Biggest Factor In Hospitalization The largest study to date of US hospital admissions for COVID-19 reveals that obesity and age are the largest factors in whether a person had to be admitted to a hospital. The study, consisting of 4,103 patient records of those who tested positive […]
US Deficit To Quadruple To $3.8 Trillion; Total Debt Will Surpass World War II Record: CRFB
ZeroHedge - Apr 13th 2020 2:24pm EDTUS Deficit To Quadruple To $3.8 Trillion; Total Debt Will Surpass World War II Record: CRFB Two weeks ago, with US CDS surging ever since the arrival of “helicopter money”… …Fitch became the first rating agency to warn that the US AAA rating was at “risk of a near-term negative action” due to a damning […]
Why The Price Of Silver Could Skyrocket
ZeroHedge - Apr 13th 2020 2:20pm EDTWhy The Price Of Silver Could Skyrocket Authored by Simon Black via SovereignMan.com, By the mid-6th century BC, Darius the Great was ‘King of Kings’, ruling over the vast Achaemenid Empire. By that time, gold and silver had already been in use by earlier civilizations for thousands of years. There are cuneiform tablets that are […]
Bernie Sanders Endorses Joe Biden For President
ZeroHedge - Apr 13th 2020 2:16pm EDTBernie Sanders Endorses Joe Biden For President Minutes after CNN reported that Bernie Sanders would be joining Joe Biden for a “special announcement” shortly, media reports have confirmed that Sanders plans to endorse Biden, just as he ended up kowtowing to Hillary Clinton four years ago. The Junior Senator from VT said he would do […]
A Country In Lockdown: States Accounting For 86% Of GDP Are Frozen, And What The Reopening Could Look Like
ZeroHedge - Apr 13th 2020 2:07pm EDTA Country In Lockdown: States Accounting For 86% Of GDP Are Frozen, And What The Reopening Could Look Like Although the federal government has played the leading role in providing stimulus and relief in response to the coronacrisis, state governments have shaped the economic sudden stop through hundreds of emergency orders that imposed restrictions on […]
Scaramucci’s SkyBridge Plunges 22% After Structured Credit Fiasco
ZeroHedge - Apr 13th 2020 1:48pm EDTScaramucci’s SkyBridge Plunges 22% After Structured Credit Fiasco One of the best performing hedge fund investments in recent years was structured credit, or highly-levered claims on streams of cash flows, such as mortgages, credit cards and corporate loans, which printed outsized returns for much of the past decade as rates were low, volatility was lower […]
Trump Not Firing Fauci: White House
ZeroHedge - Apr 13th 2020 1:43pm EDTTrump Not Firing Fauci: White House President Trump is not going to fire Dr. Anthony Fauci from his coronavirus task force after sharing a tweet with the hashtag #FireFauci on Sunday, according to the White House. “This media chatter is ridiculous — President Trump is not firing Dr. Fauci,” said spokesman Hogan Gidley in a […]
“We Will Survive This” – Billionaire Ken Langone Blasts “Disgusting” Media Over Virus Coverage
ZeroHedge - Apr 13th 2020 1:20pm EDT“We Will Survive This” – Billionaire Ken Langone Blasts “Disgusting” Media Over Virus Coverage Ken Langone, the co-founder of Home Depot Inc., was on CNBC’s ‘Squawk Box’ Monday morning and blasted the media’s coverage of the COVID-19 pandemic. Langone started the interview by saying the media gets a “big fat F” for its coverage on the pandemic and is […]
“Don’t Fight The Fed”: Wall Street’s Former Biggest Bear Goes All In, Raises S&P Price Target To 3,000
ZeroHedge - Apr 13th 2020 1:04pm EDT“Don’t Fight The Fed”: Wall Street’s Former Biggest Bear Goes All In, Raises S&P Price Target To 3,000 For much of 2019, Morgan Stanley’s chief equity strategist Michael Wilson issued a weekly sermon of fire and brimstone in his Monday Morning market takes, which contrasted with the euphoric pronouncements by his peers at other banks […]