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  • Turkey’s Interior Minister Resigns Over Coronavirus Curfew Chaos, Erdogan Rejects Resignation

    ZeroHedge - Apr 12th 2020 7:30pm EDT

    Turkey’s Interior Minister Resigns Over Coronavirus Curfew Chaos, Erdogan Rejects Resignation After cynically urging Syrian refugees toward coronavirus-hit Europe, Turkey’s Interior Minister Suleyman Soylu announced on Twitter on Sunday that he was resigning from his post over the chaotic implementation of a two-day curfew in major Turkish cities to tackle the coronavirus outbreak. The resignation […]

  • When The World Stopped – Stunning Scenes From A Global Lockdown

    ZeroHedge - Apr 12th 2020 7:15pm EDT

    When The World Stopped – Stunning Scenes From A Global Lockdown Deaths breached the 100,000 mark on Friday, another grim milestone for the world engulfed in a pandemic.  More than a billion people across the world remain in quarantine as the global economy crashes into a depression in the second quarter. The OECD and WTO on Wednesday published two separate reports […]

  • Weimar America, Here We Come! Virus Hysteria Adds $10 Trillion To The National Debt

    ZeroHedge - Apr 12th 2020 6:50pm EDT

    Weimar America, Here We Come! Virus Hysteria Adds $10 Trillion To The National Debt Authored by Mike Whitney via The Unz Review, There’s no doubt that the Coronavirus is a serious infection that can lead to severe illness or death. There’s also no doubt that ‘virus hysteria’ has been used for other purposes. Wall Street, […]

  • “The Cut Is Just 4.3MMbpd”- Goldman Throws Up Over OPEC+ Deal, Sees Oil Dropping Back To $20

    ZeroHedge - Apr 12th 2020 6:46pm EDT

    “The Cut Is Just 4.3MMbpd”- Goldman Throws Up Over OPEC+ Deal, Sees Oil Dropping Back To $20 Earlier today, when summarizing the terms of the “historic” OPEC+ cut, which was presented theatrically as a 10MMb/d 9.7MMb/d by OPEC+ and all the oil bulls (including Citi’s Ed Morse who may have been acting in his capacity […]

  • Aerial View Of Manhattan In Lockdown, Now A Ghost Town! 

    ZeroHedge - Apr 12th 2020 6:25pm EDT

    Aerial View Of Manhattan In Lockdown, Now A Ghost Town!  The latest aerial view of Manhattan in lockdown is riveting. YouTube account Mingomatic flew a drone over the island on Sunday morning (April 12) and found a city straight out of I Am Legend.  The video starts with a broad view of Manhattan from the sky, then […]

  • Oil & Stocks Tumble Into Red After Big Opening Gains Evaporate

    ZeroHedge - Apr 12th 2020 6:07pm EDT

    Oil & Stocks Tumble Into Red After Big Opening Gains Evaporate A mixture of good (European daily virus death count growth slowing) and bad (US virus death count growth not slowing) news mixed with an ‘odd’ deal with OPEC+ and G20 debt restructuring chatter has sparked an instant bid in stocks and oil prices but […]

  • Calls For Central Planning Amid COVID-19 Panic Are Like The Calls For The “War Socialism” Of Old

    ZeroHedge - Apr 12th 2020 6:00pm EDT

    Calls For Central Planning Amid COVID-19 Panic Are Like The Calls For The “War Socialism” Of Old Authored by Philipp Bagus via The Mises Institute, In dark hours, when people fear for their lives, they eagerly deliver their freedom to the state. Many want the government take control of their lives, because they think it will be […]

  • Thailand Bans Booze Sales To Stop COVID-19 Spread

    ZeroHedge - Apr 12th 2020 5:35pm EDT

    Thailand Bans Booze Sales To Stop COVID-19 Spread Ahead of the Thai New Year (April 13-15), the government of Thailand has banned sales of alcoholic beverages in the attempt to curb irresponsible socializing that could lead to the further spread of COVID-19, reported Reuters. Bars, restaurants, and other non-essential businesses have been closed in many provinces, as […]

  • This Is Where The World Is On The “Corona Curve” At This Moment: An Update

    ZeroHedge - Apr 12th 2020 5:10pm EDT

    This Is Where The World Is On The “Corona Curve” At This Moment: An Update Last week, when we looked at the latest shape of the Coronavirus curve, we said that even as US cases continue to soar, “the light at the end of the tunnel is now visible” and indeed as JPMorgan’s MW Kim […]

  • Deutsche Bank: “There Is No Such Thing As A Free Market Anymore”

    ZeroHedge - Apr 12th 2020 4:45pm EDT

    Deutsche Bank: “There Is No Such Thing As A Free Market Anymore” In his latest FX Special Report, Deutsche Bank macro (and market) strategist George Saravelos, like many others, appears to have reached his tipping point after last week’s unprecedented Fed takeover of capital markets, and writes that “there is no such thing as a […]

  • Retirement Math: Median Mortgage Debt For Those Over-65 Has Quadrupled

    ZeroHedge - Apr 12th 2020 4:20pm EDT

    Retirement Math: Median Mortgage Debt For Those Over-65 Has Quadrupled Authored by Mike Shedlock via MishTalk, The number of those age 65 and older and the size of their debt have risen. It’s the amount of debt that’s the killer. The new retirement problem is Over 60 With Decades Left on the Mortgage. A growing number […]

  • Russia Sees Over 2,000 New COVID-19 Infections In Biggest Ever Single-Day Spike

    ZeroHedge - Apr 12th 2020 3:55pm EDT

    Russia Sees Over 2,000 New COVID-19 Infections In Biggest Ever Single-Day Spike International health officials were previously scratching their heads as to how Russia, a vast country of nearly 150 million people, had maintained such low COVID-19 numbers in the early months of the global crisis. Health experts have maintained suspicion over the country’s much […]

  • When Money Died

    ZeroHedge - Apr 12th 2020 3:30pm EDT

    When Money Died Excerpted from Doug Noland’s Credit Bubble Bulletin blog,m Sitting at the dinner table, our eleven-year old son inquired: “If a big meteor was about to hit the earth, how much money would the Fed print?” I complimented his sense of humor. Yet it was a sad testament to the historic monetary fiasco […]

  • Believe All Women: Joe Biden’s Sexual Assault Accuser Has Now Filed A Criminal Complaint

    ZeroHedge - Apr 12th 2020 3:05pm EDT

    Believe All Women: Joe Biden’s Sexual Assault Accuser Has Now Filed A Criminal Complaint Tara Reader, the staffer who recently accused Joe Biden of sexually assaulting her when she worked for him more than 25 years ago, has now filed a criminal complaint against the presumptive Democratic nominee. “I filed a police report for safety […]

  • The Takeover

    ZeroHedge - Apr 12th 2020 2:40pm EDT

    The Takeover Authored by Sven Henrich via NorthmanTrader.com, We can’t print ourselves out of this crisis again, but that isn’t stopping the Federal Reserve from trying. Thursday’s intervention program, the latest in a string of panic moves to keep the financial system afloat, constitutes a complete takeover attempt of the market ecosphere, only the buying […]

  • More Than 1 In 3 Americans Consider Selling Blood As Lockdowns Continue

    ZeroHedge - Apr 12th 2020 2:15pm EDT

    More Than 1 In 3 Americans Consider Selling Blood As Lockdowns Continue With 17 million Americans out of work in under three weeks, consumer sentiment crashing the fastest on record, and the economy sliding into a depression, households are starting to crack. The evidence of the “working poor” crushed by the economic downturn is starting […]

  • Eight Reasons To End The Lockdowns Now

    ZeroHedge - Apr 12th 2020 1:50pm EDT

    Eight Reasons To End The Lockdowns Now Authored by Jonathan Geach via Medium.com This post does not deny the effectiveness of social distancing or quarantine for COVID-19. I am not encouraging people to suspend these practices before official determinations have been made public. This post is to help physicians, thought leaders, and public officials understand […]

  • Oil Faces “Unmanageable Chaos” As Mexico Holds Up OPEC+ Production Cut Deal In 11th Hour

    ZeroHedge - Apr 12th 2020 1:33pm EDT

    Oil Faces “Unmanageable Chaos” As Mexico Holds Up OPEC+ Production Cut Deal In 11th Hour Perhaps due to ideological principles, perhaps due to its massive oil hedge that stands to make billions in profits if oil stays at its current depressed prices or drops further, perhaps because Mexico’s president AMLO plans to revive Pemex and […]

  • Watch: Police Tell Pastor “Your Rights Are Suspended” While Busting Up ‘Drive-In’ Church Service

    ZeroHedge - Apr 12th 2020 1:25pm EDT

    Watch: Police Tell Pastor “Your Rights Are Suspended” While Busting Up ‘Drive-In’ Church Service Update (1325ET): Judging by the following clip, faith may have won… No virus is stronger than our God pic.twitter.com/RGQpMFvuWK — Jack M. Posobiec, IWO (@JackPosobiec) April 12, 2020 *  *  * No doubt this is will be a historic Easter Sunday […]

  • Explosive Report: Wuhan Biolab Captured Bats From Caves Traced To COVID-19 Outbreak, Had US Funding

    ZeroHedge - Apr 12th 2020 1:00pm EDT

    Explosive Report: Wuhan Biolab Captured Bats From Caves Traced To COVID-19 Outbreak, Had US Funding Recent findings regarding the origin of COVID-19 continue to support our January reporting that the disease may have originated from the Wuhan Institute of Virology – which was experimenting with bat coronavirus found to be 96% genetically identical to COVID-19. […]

  • We’re Heading Into The Worst Job Market For New College Grads Since The Global Financial Crisis

    ZeroHedge - Apr 12th 2020 12:35pm EDT

    We’re Heading Into The Worst Job Market For New College Grads Since The Global Financial Crisis In addition to people who already have jobs losing them, the coronavirus is likely going to set the stage for the worst hiring season for new college graduates since the 2007-2008 global financial crisis.  Newly graduated students like Claire […]

  • Long Pitchforks And Water Cannons

    ZeroHedge - Apr 12th 2020 12:10pm EDT

    Long Pitchforks And Water Cannons Via Global Macro Monitor, The juxtaposition of the following tweets and headlines is absolutely stunning and just freaking… WOW! This photo captures exactly why we titled today’s podcast with @mtaibbi the “Unfairness” economy https://t.co/WwdPJxJ7ww pic.twitter.com/1uY5EBLXfB — PeakProsperity.com (@chrismartenson) April 11, 2020 Same here: https://t.co/jQ43pd4eFV — Cryptoe (@Cryptoe9) April 11, 2020 […]

  • “The Largest Drawdown For Value We’ve Ever Seen”: Asset Manager Who Warned Of Crash Turns Bullish

    ZeroHedge - Apr 12th 2020 11:45am EDT

    “The Largest Drawdown For Value We’ve Ever Seen”: Asset Manager Who Warned Of Crash Turns Bullish Rob Arnott of Research Affiliates spent years warning people about crowding into stock and looming bubbles that were on the verge of collapsing. His firm had warned that U.S. large caps would see “zero return annually” for the next […]

  • “Down The Rabbit Hole” – The Eurodollar Market Is The Matrix Behind It All

    ZeroHedge - Apr 12th 2020 11:24am EDT

    “Down The Rabbit Hole” – The Eurodollar Market Is The Matrix Behind It All Submitted by Michael Every of Rabobank Summary The Eurodollar system is a critical but often misunderstood driver of global financial markets: its importance cannot be understated. Its origins are shrouded in mystery and intrigue; its operations are invisible to most; and […]

  • South Korea Says Nearly 100 Recovered COVID-19 Patients Tested Positive Again

    ZeroHedge - Apr 12th 2020 10:55am EDT

    South Korea Says Nearly 100 Recovered COVID-19 Patients Tested Positive Again There’s been growing concern that patients who previously tested positive for COVID-19 and eventually recovered could actually ‘relapse’ or also be ‘reinfected’ for the virus, after prior reports out of China suggested this could be possible.  Disease experts have speculated over the nightmare possibility, […]