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  • When Work Is Punished: Did The ‘Generous’ CARES Act Just Guarantee High Unemployment Is Here To Stay?

    ZeroHedge - Apr 9th 2020 9:55am EDT

    When Work Is Punished: Did The ‘Generous’ CARES Act Just Guarantee High Unemployment Is Here To Stay? A number of years ago, we first introduced the topic of a ‘welfare cliff’ at which more work was punished – i.e. the ‘generosity’ of the package of welfare benefits creates a perverse incentive not to work any […]

  • Gold Is Soaring…

    ZeroHedge - Apr 9th 2020 9:41am EDT

    Gold Is Soaring… The Fed just went full retard (even fuller retard than it had gone two weeks ago) and along with its promise to buy pretty much anything and make all collateral money-good, it has eased an apparent resurgence in dollar liquidity stresses. The FRA-OIS spread had been blowing out, signaling dollar tightness… well […]

  • Free Markets Are Dead: Fed To Start Buying Junk Bonds, Junk ETFs

    ZeroHedge - Apr 9th 2020 9:37am EDT

    Free Markets Are Dead: Fed To Start Buying Junk Bonds, Junk ETFs Back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, we said “now that the Fed is effectively all in, it will buy stocks and junk bonds next.” We were right. But let’s back up. A few […]

  • UK Unleashes Helicopter Money: In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit

    ZeroHedge - Apr 9th 2020 9:14am EDT

    UK Unleashes Helicopter Money: In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit In a historical move, the Bank of England announced this morning that it will begin to finance the short-term needs of the Treasury, in other words it will directly monetize the UK deficit, something central banks had – for […]

  • Dr. Fauci Says US COVID-19 US Deaths Could Be As Low As 60K After Warning “Millions Could Die”

    ZeroHedge - Apr 9th 2020 9:10am EDT

    Dr. Fauci Says US COVID-19 US Deaths Could Be As Low As 60K After Warning “Millions Could Die” A few weeks ago, Dr. Anthony Fauci sat down in front of Congress and warned that millions of Americans could die if the federal government didn’t take the outbreak seriously. And now, after the Trump Administration scrambled […]

  • US Fighter Jets Intercept Two Russian Aircraft Over Bering Sea

    ZeroHedge - Apr 9th 2020 8:54am EDT

    US Fighter Jets Intercept Two Russian Aircraft Over Bering Sea US F-22 fighter jets intercepted two Russian IL-38 patrol aircraft entering the Alaskan Air Defense Identification Zone on Wednesday, according to a Thursday report by the North American Aerospace Defense Command. The US jets were accompanied by a KC-135 Stratotanker and an E-3 AWACS aircraft. […]

  • Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To “Support Economy”

    ZeroHedge - Apr 9th 2020 8:44am EDT

    Fed Unveils New Bailout Program, Will Provide Up To $2.3 Trillion In Loans To “Support Economy” In our report from last night that JPM has halted all non-government guaranteed small business loans on what we surmised was fears of a default tsunami set to hit America’s companies, we asked “just how bad is it going […]

  • A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks

    ZeroHedge - Apr 9th 2020 8:33am EDT

    A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks Two weeks ago it was a record 3.3 million initial claims;  last week it was an  additional (upwardly revised) 6.875 million in initial claims, and this week another 6.606 million claims (almost exactly our expectation of 6.5 million). That is a shocking […]

  • Visualizing The Pandemiconomy: What Are Shoppers Buying Online During COVID-19?

    ZeroHedge - Apr 9th 2020 8:22am EDT

    Visualizing The Pandemiconomy: What Are Shoppers Buying Online During COVID-19? The COVID-19 pandemic is having a significant impact on every aspect of life, including how people shop for their necessities, and their not-so-necessities. With online retail sales estimated to reach an eye-watering $6.5 trillion by 2023, the ecommerce sector was already booming. But, as Visual Capitalist’s Katie […]

  • Futures Reverse Rally As Oil Slides Ahead Of Surge In Unemployment Claims

    ZeroHedge - Apr 9th 2020 8:06am EDT

    Futures Reverse Rally As Oil Slides Ahead Of Surge In Unemployment Claims U.S. stock index futures dipped on Thursday, reversing a 3-day rally as investors braced for another staggering weekly jobless claims number, while European stocks clung to modest gains on the last trading day before the Easter holiday. Oil initially rose in the wake […]

  • Japan & Russia Report Worrisome Surge In New Cases, Britons Warned Lockdown To Be Extended: Live Updates

    ZeroHedge - Apr 9th 2020 7:27am EDT

    Japan & Russia Report Worrisome Surge In New Cases, Britons Warned Lockdown To Be Extended: Live Updates As Holy Week draws to a close and the long Holiday Weekend begins, the optimism that helped inspire the biggest bounce since the ‘rona rout appears to have faded, and Dow futs are back to being three figures […]

  • When Plagues Pass: Slower Growth, Social Unrest, & Labor Gets The Upper Hand

    ZeroHedge - Apr 9th 2020 6:30am EDT

    When Plagues Pass: Slower Growth, Social Unrest, & Labor Gets The Upper Hand Authored by John Authers, op-ed via Bloomberg.com, As the Black Death scythed through Europe in 1348 and 1349, workers across the continent discovered that they had power for the first time in their lives. Textile workers in St. Omer in northern France asked […]

  • France Developing Surveillance App Called “StopCovid” To Mitigate Virus Spread

    ZeroHedge - Apr 9th 2020 6:00am EDT

    France Developing Surveillance App Called “StopCovid” To Mitigate Virus Spread The world is sleepwalking into a surveillance state. The march towards an Orwellian society is closer than ever, as governments have used COVID-19 as a perfect cover to implement totalitarian measures to track citizens that amount to human rights violations to “flatten the pandemic curve.” […]

  • Public Fears, Anger Over 5G-Virus Conspiracy-Theories “Shouldn’t Be Underestimated”

    ZeroHedge - Apr 9th 2020 5:30am EDT

    Public Fears, Anger Over 5G-Virus Conspiracy-Theories “Shouldn’t Be Underestimated” A conspiracy theory linking 5G to the coronavirus has spread like wildfire. In fact, so many people believe this theory that over the weekend, numerous 5G base transmission systems were burned down in Britain amid claims aired on social-media that the technology contributes to the spread […]

  • Container Lines Face “Profound” Threat As COVID-19 Sparks Unprecedented Surge Of ‘Blank’ Sailings

    ZeroHedge - Apr 9th 2020 4:55am EDT

    Container Lines Face “Profound” Threat As COVID-19 Sparks Unprecedented Surge Of ‘Blank’ Sailings The global economy is unlikely to experience a V-shaped recovery for the second half of the year as the containerized shipping industry is quickly sinking, and the fallout could persist into 2021.  Copenhagen-based Sea-Intelligence reported on Monday that 212 sailings over the […]

  • What’s Next: “Italeave” Or A European Union Crack-Up?

    ZeroHedge - Apr 9th 2020 4:20am EDT

    What’s Next: “Italeave” Or A European Union Crack-Up? Authored by Francesco Giubilei via The American Conservative, As economic aid from Brussels is debated and delayed, millions of Mediterraneans are already questioning the European project… Since the birth of the European Union, there has been an intense debate about the possibility of creating a two-track Europe, […]

  • Labour Party Mayor Censured For Suggesting UK PM “Completely Deserved” To Get Sick

    ZeroHedge - Apr 9th 2020 3:45am EDT

    Labour Party Mayor Censured For Suggesting UK PM “Completely Deserved” To Get Sick Prime Minister Boris Johnson was in “stable” condition Wednesday but remains in intensive care after spending Tuesday night there. Johnson was hospitalized with COVID-19 on Sunday.  Sheila Oakes, Labour Party mayor of Heanor in Derbyshire and a district councilor, took to Facebook this week […]

  • Spain Announces Guaranteed Free Money: What’s Really Going On?

    ZeroHedge - Apr 9th 2020 3:10am EDT

    Spain Announces Guaranteed Free Money: What’s Really Going On? Authored by Mike Shedlock via MishTalk, Spain is about to implement Universal Basic Income. But let’s put the correct label on what’s happening. Universal Basic Income Please note Spanish Government Aims to Roll Out Basic Income The Spanish government is working to roll out a universal basic […]

  • France’s Lone Aircraft Carrier Cuts Mission Short Due To 40 Likely COVID-19 Cases

    ZeroHedge - Apr 9th 2020 2:35am EDT

    France’s Lone Aircraft Carrier Cuts Mission Short Due To 40 Likely COVID-19 Cases After the American nuclear carrier USS Theodore Roosevelt was forced to dock in Guam while in the Western Pacific, unleashing a storm of controversy over what to do with its crew under urgent need of immediate quarantine — and now with at least 230 […]

  • Himalayas Visible For First Time In 30 Years As India Lockdown Sparks Stunning Drop In Pollution

    ZeroHedge - Apr 9th 2020 2:00am EDT

    Himalayas Visible For First Time In 30 Years As India Lockdown Sparks Stunning Drop In Pollution Authored by Elias Marat via TheMindUnleashed.com, For many residents, the sight is something which they have never witnessed in their entire lives… For the first time in 30 years, India’s snow-covered Dhauladhar mountain range has become visible to locals […]

  • Russia Accuses Trump Of Trying To Conquer The Galaxy

    ZeroHedge - Apr 9th 2020 1:00am EDT

    Russia Accuses Trump Of Trying To Conquer The Galaxy President Trump took a giant leap for America this week by signing an executive order outlining US policy on commercial mining in space.  Upon Trump signing the order, entitled “Encouraging International Support for the Recovery and Use of Space Resources,” which gives Americans the “the right to engage […]

  • Paul Craig Roberts: A New World Is Being Born, What Will It Be?

    ZeroHedge - Apr 9th 2020 12:00am EDT

    Paul Craig Roberts: A New World Is Being Born, What Will It Be? Authored by Paul Craig Roberts, We are hearing from many that the world after Covid-19 will be different.   The question is:  Different in what way?  Will it be better or worse? Elites are working to make it better for them, and worse for the […]

  • NBA Wants Players To Cut Salaries In Half To Offset $1.2BN In Lost Revenue

    ZeroHedge - Apr 8th 2020 11:40pm EDT

    NBA Wants Players To Cut Salaries In Half To Offset $1.2BN In Lost Revenue Following the March 11 decision by Commissioner Adam Silver to suspend the NBA season, among the first professional sports leagues to take the drastic action after Utah Jazz players began contracting COVID-19, analysts predicted an immediately felt $1.2 billion loss in NBA […]

  • Expect (At Least) Another 6.5 Million In Jobless Claims

    ZeroHedge - Apr 8th 2020 11:20pm EDT

    Expect (At Least) Another 6.5 Million In Jobless Claims Two weeks ago it was a record 3.3 million initial claims;  last week it was an  additional 6.6 million in initial claims for a two-week total of 10 million Americans having just lost their jobs. Tomorrow, Wall Street consensus expects another 5.5 million in initial claims […]

  • Symbol Of The Times: Tokyo Olympic Flame ‘Hidden’ Indefinitely To Prevent Crowds

    ZeroHedge - Apr 8th 2020 11:00pm EDT

    Symbol Of The Times: Tokyo Olympic Flame ‘Hidden’ Indefinitely To Prevent Crowds Last month’s news that the Tokyo Olympics has been postponed until 2021 was a big enough blow to athletes, fans and organizers — but this is just as heavy on symbolism in terms of the state of the world, much of it on ‘lockdown’, after months of the […]