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  • Over 30% Of US Renters Didn’t Pay April Apartment Rent

    ZeroHedge - Apr 8th 2020 10:20pm EDT

    Over 30% Of US Renters Didn’t Pay April Apartment Rent Landlords across the country have been left in the lurch after nearly one-third of apartment renters in the US didn’t pay any of their April rent during the first week of the month, according to new data from the National Multifamily Housing Council to be […]

  • New Projections Show Virus Spreading Twice As Fast As Expected

    ZeroHedge - Apr 8th 2020 10:00pm EDT

    New Projections Show Virus Spreading Twice As Fast As Expected Trying to project the path and velocity of an outbreak is difficult, even when it’s being done on a relatively small scale like, say, within one country, or a handful of countries, like the last few major outbreaks (for example, ebola). Trying to project the […]

  • US Treasury Balance Hits Record $750 Billion After Historic Flood Of Bill Issuance

    ZeroHedge - Apr 8th 2020 9:40pm EDT

    US Treasury Balance Hits Record $750 Billion After Historic Flood Of Bill Issuance It may not quite be last week’s $563 billion T-bill deluge, but it will do. After a tsunami of new T-Bill and Cash Management Bill issuance last week, which saw no less than $85 billion in new short-term debt issued every every […]

  • Michigan ER Nurses Ordered To Leave Hospital For Work Stoppage Over ‘Unsafe Patient Load’

    ZeroHedge - Apr 8th 2020 9:40pm EDT

    Michigan ER Nurses Ordered To Leave Hospital For Work Stoppage Over ‘Unsafe Patient Load’ Metro Detroit hospitals began to get overwhelmed with a surge of coronavirus patients starting last month. Local media at that time documented an increasingly chaotic situation at the city’s Sinai-grace Hospital where patient rooms were filled with gowns and trash strewn across […]

  • Pentagon Considers Dreaded ‘Stop Loss’ To Retain Troop Numbers Amid COVID-19 Crisis

    ZeroHedge - Apr 8th 2020 9:20pm EDT

    Pentagon Considers Dreaded ‘Stop Loss’ To Retain Troop Numbers Amid COVID-19 Crisis The Pentagon is reportedly considering implementing its controversial “stop-loss” policy amid the coronavirus outbreak, which is impacting defense readiness due to growing numbers of troops in self-isolation and quarantine. Coronavirus is also reducing the number of new recruits and incoming personnel, given the Army, Marines, […]

  • While The Masses Panicked Over A Virus: US House Wrote A Bill Will Ban “Assault Weapons”

    ZeroHedge - Apr 8th 2020 9:00pm EDT

    While The Masses Panicked Over A Virus: US House Wrote A Bill Will Ban “Assault Weapons” Authored by Mac Slavo via SHTFplan.com, While the majority of the country has been laser-focused on the coronavirus, stocking up on decades worth of toilet paper, and  mass purchasing Clorox wipes, the United States House of Representative wrote a […]

  • Calls For Global Debt Jubilee Grow Louder As ‘Anything Goes’ Policy Mania Takes Over

    ZeroHedge - Apr 8th 2020 8:40pm EDT

    Calls For Global Debt Jubilee Grow Louder As ‘Anything Goes’ Policy Mania Takes Over About 140 global organizations and charities are calling for a worldwide Debt Jubilee to avoid some of the world’s poorest countries from collapsing into chaos amid the COVID-19 crisis, reported BBC News.  The British-based Jubilee Debt Campaign is leading the movement ahead […]

  • Morgan Stanley Was One Of The Biggest Margin-Loan Providers To Luckin Coffee’s Founder

    ZeroHedge - Apr 8th 2020 8:20pm EDT

    Morgan Stanley Was One Of The Biggest Margin-Loan Providers To Luckin Coffee’s Founder Among the banks who made margin loans to Luckin Coffee’s founder, one stands out in particular: Morgan Stanley. Morgan Stanley was part of a consortium of banks that extended loans to Lu Zhengyao across three different funding rounds. Morgan Stanley is said […]

  • We Won’t Be Getting “Back To Normal”… Not Soon… Not Ever!

    ZeroHedge - Apr 8th 2020 8:00pm EDT

    We Won’t Be Getting “Back To Normal”… Not Soon… Not Ever! Authored by Daisy Luther via The Organic Prepper blog, When will we get back to normal? If you yearn for the days before COVID-19 swept across the planet, I regret to inform you that those days are gone. This isn’t a warm and fuzzy […]

  • Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans

    ZeroHedge - Apr 8th 2020 7:47pm EDT

    Just How Bad Is It Going To Get: JPMorgan Halts All Non-Government Guaranteed Small Business Loans With America’s small and medium businesses suffering from cardiac arrest now that the economy is in a indefinite coma, it is hardly a surprise that the largest US bank, JPMorgan Chase has been inundated with more than 375,000 requests […]

  • If Every Citizen Had N95 Masks, Would Government Be Justified In Locking-Down The Population Next Time?

    ZeroHedge - Apr 8th 2020 7:20pm EDT

    If Every Citizen Had N95 Masks, Would Government Be Justified In Locking-Down The Population Next Time? Authored by Darren Smith via JonathanTurley.org, I have to wonder if our state government’s lockdown of the population, curtailment of civil liberties, destruction of job opportunities, and denial of basic medical, education, and cultural needs would have been necessary […]

  • America’s New Breadlines Are Growing…

    ZeroHedge - Apr 8th 2020 7:00pm EDT

    America’s New Breadlines Are Growing… Over the past month, the American economy has collapsed into a depression, with the most significant unemployment spike in history. Millions of people have just lost their jobs, and as we’ve been documenting, food bank networks across the country are becoming overwhelmed.  We recently said that some food banks had seen an eightfold […]

  • Nomura: “This Unenthusiastic, Inorganic Bear Market Rally” Faces An April 22 Day Of Reckoning

    ZeroHedge - Apr 8th 2020 6:40pm EDT

    Nomura: “This Unenthusiastic, Inorganic Bear Market Rally” Faces An April 22 Day Of Reckoning Just in case Nomura’s quant Masanari Takada wasn’t clear enough yesterday when he said that the current rally, which pushed the S&P back into a bull market from its March 24 lows was nothing more than a giant “bear squeeze” rally, […]

  • Bankrupting America

    ZeroHedge - Apr 8th 2020 6:20pm EDT

    Bankrupting America Authored by John Stossel, op-ed via Townhall.com, Two weeks ago, President Donald Trump signed the largest stimulus bill in U.S. history: more than $2 trillion. For once, both Republicans and Democrats agreed. The Senate voted 96-0. The House didn’t even bother with a formal vote. At the White House, a reporter asked the […]

  • WeWork Has Stopped Paying Rent On Multiple Locations

    ZeroHedge - Apr 8th 2020 6:00pm EDT

    WeWork Has Stopped Paying Rent On Multiple Locations Amid asset sales, boardroom battles, and seemingly endless litigation, WeWork has decided to jump on the “well, why should we have to pay according to a signed contract when no one else is” bandwagon and is reportedly skipping rent payments on numerous properties. Amid an effort to […]

  • States Use “Purge” Sirens, Fines, And Arrests To Force People To Comply With Stay-At-Home Order

    ZeroHedge - Apr 8th 2020 5:40pm EDT

    States Use “Purge” Sirens, Fines, And Arrests To Force People To Comply With Stay-At-Home Order Via Mass Private I, Historically speaking, it is hard for Americans to see how their liberties have been taken away. With the COVID-19 pandemic spreading across the country, hopefully that will no longer be the case. In Crowley, Louisiana police […]

  • Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don’t Get What They Want

    ZeroHedge - Apr 8th 2020 5:26pm EDT

    Pelosi Warns Next Small Business Stimulus Spending Bill Would Not Pass House If Democrats Don’t Get What They Want Unlike the Phase 3 of the fiscal stimulus, which represented $2.2 trillion in bailout aid for America’s small and medium business, and which passed through Congress without a glitch if with some delays, the next – […]

  • COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says

    ZeroHedge - Apr 8th 2020 5:20pm EDT

    COVID-19 To “Shock” US Economy Into Deep Contraction, 13% Unemployment By June, WSJ Survey Says The Wall Street Journal published a new monthly survey that outlines the severe economic impact of shutting down cities across America to mitigate the spread of the COVID-19 pandemic.  The survey of 57 economists from April 3-7 includes 14.4 million job losses and […]

  • Three In Four Americans Have Self-Isolated In Their Household: Gallup

    ZeroHedge - Apr 8th 2020 5:00pm EDT

    Three In Four Americans Have Self-Isolated In Their Household: Gallup Authored by Justin McCarthy of Gallup, Three in four Americans say they have completely (28%) or mostly (47%) isolated themselves from people outside their household. The percentage who are self-isolating rapidly increased between March 16 and 26, but has shown only modest change since then. […]

  • Watch Live: White House Coronavirus Task Force Delivers Wednesday Press Briefing

    ZeroHedge - Apr 8th 2020 4:55pm EDT

    Watch Live: White House Coronavirus Task Force Delivers Wednesday Press Briefing It’s that time again. As the global coronavirus case total passes 1.5 million, President Trump and the VP Mike Pence-led coronavirus task force will deliver their big Wednesday night update some time after 5 p.m.         Tyler Durden Wed, 04/08/2020 – […]

  • “Black Swan” Hedge Fund Advised By Nassim Taleb Returns 3,612% In March

    ZeroHedge - Apr 8th 2020 4:40pm EDT

    “Black Swan” Hedge Fund Advised By Nassim Taleb Returns 3,612% In March During the financial crisis, when most hedge funds suffered catastrophic returns forcing many to gate their investors, Mark Spitznagel, who is perhaps best known for the phrase “I spend all my time thinking about looming disaster”, made what the WSJ reported was “huge […]

  • Encounters Of An Average American Nobody With The ‘Curious’ COVID New World

    ZeroHedge - Apr 8th 2020 4:20pm EDT

    Encounters Of An Average American Nobody With The ‘Curious’ COVID New World Authored by Doug “Uncola” Lynn via TheBurningPlatform.com, Last week, I read an online article in my local paper telling of a 68-year-old gentleman who died from COVID-19. In the article, it described how the man had retired in the last year because of cancer. Then, two […]

  • Stocks Bounce On ‘Peak Virus’ Hope Despite World’s Deadliest Day Yet

    ZeroHedge - Apr 8th 2020 4:01pm EDT

    Stocks Bounce On ‘Peak Virus’ Hope Despite World’s Deadliest Day Yet After the deadliest virus day in the world yesterday, today started with optimistic comments by Fauci about a turning point and the total deaths likely be lower than predicted… only to be crushed by the deadliest day ever in UK, the deadliest day ever […]

  • S&P Futures Surge 20 Points In One Tick On $2BN MOC Buy Imbalance

    ZeroHedge - Apr 8th 2020 4:00pm EDT

    S&P Futures Surge 20 Points In One Tick On $2BN MOC Buy Imbalance In a mirror image of yesterday’s last 10 minutes action, when the S&P dumped by 40 points in seconds, when a $2.4BN “market on close” sale imbalance was announced at 3:50pm ET… … moments ago, the market on close imbalance was unveiled, […]

  • Nelson Peltz’s Trian Partners Down 16% In March As Unhedged Bets In Food & Beverage Slammed

    ZeroHedge - Apr 8th 2020 3:45pm EDT

    Nelson Peltz’s Trian Partners Down 16% In March As Unhedged Bets In Food & Beverage Slammed Nelson Peltz and Trian Partners were amongst those not “immune” to the coronavirus impact on markets to start the year, with his portfolio taking a 16% hit in March alone. Year to date, it puts the asset manager down […]